Suspension Market [Trends]: Key Players, Share, Size & [6.4% CAGR] Analysis
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- Location: Cologne
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According to the TechSci Research report titled, “Global Suspension Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028,” the global suspension market was valued at USD 129 billion in 2022 and is anticipated to register a compound annual growth rate (CAGR) of 6.4% during the forecast period from 2024 to 2028. The market’s momentum is being driven by rising consumer demand for comfort, safety, and performance in vehicles, as well as rapid technological innovations and evolving automotive regulations.
The increasing penetration of electric vehicles, adoption of autonomous mobility technologies, and evolving consumer expectations for driving comfort further propel the development of smart, electronically controlled suspension systems.
cLiCk tHe bElOw lInK To dOwNlOaD ThE FrEe sAmPlE RePoRt fOr iNsIgHtS.
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