North America Suspension Market

The North American region was badly affected by the financial crisis, which ultimately affected the growth of the automotive industry as a whole, resulting in declining vehicle production levels. However, new product launches coupled with low-cost credit are starting to intensify the vehicle production back to pre-recession levels. Also, few other factors, such as the rising household income and vehicle production in Mexico are estimated to boost the North American market in the coming years. This is mainly because of the lenient labor laws and free-trade agreements that are signed between nations for trade such as North American Free Trade Agreement (NAFTA) and healthy auto-retailing environment.            

One of the major drivers for the automobile suspension systems market in the North American region is the stringent emission and fuel efficiency norms.teh suspension system are usually heavy, and to drive a vehicle with a heavy suspension system consumes more fuel which affects the fuel efficiency and also in turn leads to higher carbon emission levels. Since the region has strict emission standards and fuel efficiency norms, the automobile manufacturers along with the suspension systems manufactures have been investing into the R&D to develop new and improved suspension systems which are much lighter in weight. These compact and advanced suspension systems not only reduce the carbon emission from a vehicle but also due to its lightweight feature, improve on the fuel efficiency. All these factors have led the suspension systems in the region to a good positive growth.

The North American Suspension systems market was valued at $12.06 billion in 2013, to grow at 6.3% annually. It is projected to reach $16.36 billion by the end of 2018.

Key question answered

• What are the market estimates and forecasts for the North American suspension systems?
• What are the trends based on the key countries of the region?
• Identification of market dynamics and impact of the same on North American suspension systems market
• Analysis of recent developments, alliances, joint ventures, and mergers & acquisitions in the suspension systems market in North American region

Audience for this report

• North American suspension systems manufacturers
• Suppliers for suspension systems manufacturers
• Traders, distributors, and suppliers in the suspension systems market
• Automobile associations
• Automotive industry as end user industry

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