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The automotive suspension member market size is forecast to increase by USD 4.15 billion at a CAGR of 6.46% between 2023 and 2028. The automotive suspension market is experiencing significant growth due to several key trends. The rising penetration of high-performance vehicles is driving demand for advanced suspension systems that provide superior handling and comfort. Additionally, the development of lightweight vehicle suspension systems is gaining traction as automakers seek to reduce vehicle weight and improve fuel efficiency. However, the market is also facing challenges, including the increased incidence of suspension-related recalls due to component failure, which is leading to higher costs for manufacturers and consumers alike. Despite these challenges, the market is expected to continue growing, fueled by advancements in materials science, engineering, and manufacturing technologies.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Distribution Channel
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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