Automotive active suspension system market to surpass $6.3 billion by 2032 with growth in luxury and electric segments.

From GlobeNewswire: 2024-12-12 07:00:00

The automotive active suspension system market is expected to reach USD 6.3 billion by 2032, driven by advanced technology and real-time adjustments for each wheel. Electric and hybrid vehicle adoption is fueling growth, with China holding a 35% revenue share in 2023. Passenger cars dominate, with OEMs integrating active suspension systems to meet consumer demand for comfort and stability. The market is set for significant expansion, especially in luxury and electric vehicle segments.



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