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According to our new research study on “Automotive Suspension Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Vehicle Type (Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle); Component (Spring, Shock Dampener, Struts, Control Arms, Ball Joint, Leaf Spring and Air Compressor); Suspension Type (Hydraulic Suspension, Air Suspension, Leaf Spring Suspension); System Type (Passive Suspension, Semi Active Suspension, Active Suspension) and Geography”

Suspensions are significant part in a vehicle that helps in preventing the damage to the vehicle components, and enables comfortable driving and safety. Automotive suspension system includes spring, wishbones and shock absorber which help to filter all the forces between the body and the road. These suspensions also offer isolation to the vehicle from high-frequency vibrations. Automotive suspension offers better ride and handling performance and also helps in ensuring that the vehicle responds positively to control the forces produced by the tire at the time of acceleration and braking.

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Companies Profiled in this report includes: ANAND Group, Continental AG, Hendrickson USA, L.L.C., KYB Corporation, MAGNETI MARELLI PARTS & SERVICES, NHK SPRING Co.,Ltd.,  Parker Hannifin Corp,  Rassini,  Sogefi SpA,  WABCO

Based on vehicle type, the global automotive suspension market is segmented into passenger car, light commercial vehicle and heavy commercial vehicle.

On the basis of component, the market is segmented into spring, shock dampener, struts, control arms, ball joint and leaf spring and air compressor.

Based on suspension type, the market is bifurcated into hydraulic suspension, air suspension and leaf spring suspension.

On the basis of system type, the market is segmented into passive suspension. semi active suspension and active suspension.

Increasing production of commercial and passenger vehicles all over the world.

Rising urbanization and increasing per capita disposable income to boost the market growth of automotive suspension.

Growing demand for comfortable driving experience and increasing awareness about safety.

Unorganized retail sector in few developing countries

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IMPACT OF COVID-19 ON AUTOMOTIVE SUSPENSION MARKET

The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. Due to the pandemic of COVID-19, movement of people from one place to another was restricted to great extent. This has hampered the production of vehicles all over the world and impacted the automotive suspension market negatively.

Top Points Covered in the Global Automotive Suspension Market:

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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