Heavy commercial vehicle suspension system is mainly used for stabilizing trucks while travelling on smooth highways as well as over rough terrain. Furthermore, it cushions the chassis from shocks and enables the driver to steer the truck.
This report contains market size and forecasts of HCV Suspension System in global, including the following market information:
Global HCV Suspension System Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global HCV Suspension System Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five HCV Suspension System companies in 2021 (%)
The global HCV Suspension System market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Leaf Spring Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of HCV Suspension System include Guangzhou Guomat Air Spring Co., Ltd., ContiTech, Firestone Industrial Products Company, LLC, Vibracoustic GmbH, Meklas, Navistar, Pega Air Springs, SABOHEMA Automotive Pvt. Ltd. and Turctech Air Springs, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the HCV Suspension System manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global HCV Suspension System Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global HCV Suspension System Market Segment Percentages, by Type, 2021 (%)
Leaf Spring
Equalizer Beam
Torsion Bar
Air Spring
Global HCV Suspension System Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global HCV Suspension System Market Segment Percentages, by Application, 2021 (%)
Trucks
Buses and Coaches
Others
Global HCV Suspension System Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global HCV Suspension System Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies HCV Suspension System revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies HCV Suspension System revenues share in global market, 2021 (%)
Key companies HCV Suspension System sales in global market, 2017-2022 (Estimated), (K Units)
Key companies HCV Suspension System sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Guangzhou Guomat Air Spring Co., Ltd.
ContiTech
Firestone Industrial Products Company, LLC
Vibracoustic GmbH
Meklas
Navistar
Pega Air Springs
SABOHEMA Automotive Pvt. Ltd.
Turctech Air Springs
WOStech Air Springs
Samco Autotechnik GmbH
Gibraltar Hardware