CHICAGO, May 13, 2021 /PRNewswire/ According to the new market research report "Automotive Suspension Market by Architecture (MacPherson Strut, Double Wishbone, Multi-link, Twist Beam, Leaf
Active Suspension is the fastest growing market by system
The growing demand for advanced suspension systems to improve vehicle suspension and occupant comfort is a major factor driving the demand for the active suspension system. Moreover, the higher demand for high-end luxury and sports cars globally is currently driving the active suspension market globally.
MacPherson strut is the largest market for automotive suspension, by vehicle architecture
In terms of volume, the MacPherson strut architecture is expected to be a potential segment of the Automotive Suspension Market during the forecast period. MacPherson strut eliminates the need for a separate upper control arm, which reduces the cost components and weight of the architecture. Countries such as China, India, and Japan opt for this cost-effective architecture, which is expected to drive the market during the forecast period.
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The Fluid Transfer System Market is Projected to Grow to USD 24.7 Billion by 2025 from USD 17.8 Billion in 2020, at a CAGR of 6.7% during the Forecast Period.
The major driving factors for the fluid transfer system industry are stringent emission norms, fuel efficiency regulations, growing demand for premium vehicles and increasing adoption of after-treatment devices in diesel engines around the globe. However, increasing sales of electric vehicles due to attractive government incentives are expected to impact ICE fluid transfer system market.
The automotive industry plays a crucial role in building the global economy. However, the COVID-19 outbreak disrupted the whole automotive supply chain on a global scale in the first 6-7 months of 2020. The pandemic presented an uncertain recovery timeline for the automotive industry due to lockdown implementation and shutdown of manufacturing facilities in various
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ResearchAndMarkets.com’s offering.
The Fluid Transfer System Market is Projected to Grow to USD 24.7 Billion by 2025 from USD 17.8 Billion in 2020, at a CAGR of 6.7% during the Forecast Period.
The major driving factors for the fluid transfer system industry are stringent emission norms, fuel efficiency regulations, growing demand for premium vehicles and increasing adoption of after-treatment devices in diesel engines around the globe. However, increasing sales of electric vehicles due to attractive government incentives are expected to impact ICE fluid transfer system market.
The automotive industry plays a crucial role in building the global economy. However, the COVID-19 outbreak disrupted the whole automotive supply chain on a global scale in the first 6-7 months of 2020. The pandemic presented an uncertain recovery timeline for the automotive industry due to lockdown implementation and shutdown
Fluid Transfer System Market worth $24.7 billion by 2025 - Exclusive Report by MarketsandMarkets Fluid Transfer System Market by Type (Brake, Fuel, AC, Air Suspension, DPF, SCR, Transmission Oil, Turbo Coolant, Engine & Battery Cooling, Air Brake), Material (Al, Rubber, Nylon, Steel, Stainless Steel), On & Off-Highway, EV and Region- Global Forecast to 2025 , published by MarketsandMarkets, the Fluid Transfer System Market is projected to grow at a CAGR of 6.7% from 2020 to 2025, and the market size is expected to grow from USD 17.8 billion in 2020 to USD 24.7 billion by 2025. Stringency in emission norms and demand for enhanced fuel economy are projected to drive the Fluid Transfer System Market.