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Enhancement Technologies and Upgraded Base Help Steer Through Tough Conditions in the OE Suspension - New analysis from Frost & Sullivan’s Automotive & Transportation group finds that the North American OE Suspension Systems and Modules Market earned revenues of $3.14 billion in 2005 and estimates to reach $4.05 billion million in 2012.
Enhancement Technologies and Upgraded Base Help Steer Through Tough Conditions in the OE Suspension

 

PRZOOM - /newswire/ - Palo Alto, CA, United States, 2006/07/05 - New analysis from Frost & Sullivan’s Automotive & Transportation group finds that the North American OE Suspension Systems and Modules Market earned revenues of $3.14 billion in 2005 and estimates to reach $4.05 billion million in 2012..

   
 
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Developing compact and light active suspension systems that consume low power and can easily integrate with the chassis are expected to move beyond the already captured luxury vehicle segment.

Strategies aimed at incorporating low-cost outsourcing, strategic partnerships with technology leaders and developing flexible and easily upgradeable technology platforms are also expected to provide strong growth momentum for market participants.

New analysis from Frost & Sullivan’s Automotive & Transportation group finds that the North American OE Suspension Systems and Modules Market earned revenues of $3.14 billion in 2005 and estimates to reach $4.05 billion million in 2012.

If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants an overview of the latest analysis of the North American OE Suspension Systems and Modules Market then send an e-mail to Tolu Babalola, Corporate Communications at tolu.babalola[.]frost.com with the following information: full name, company name, title, telephone number, e-mail address, city, state, and country. The brochure will be e-mailed to you upon receipt of this information.

Automakers who want to differentiate their vehicles are expected to increasingly adopt suspension enhancement technologies such as active suspension, electronic damping control, and air suspension systems leading to their integration with base suspension technologies.

“Vehicle makers, to differentiate their products, are increasingly offering suspension enhancement technologies such as ride leveling, sports suspension, air suspension, and active suspension systems in their vehicles. This trend is expected to remain strong in the short to medium term,” observes Industry Analyst Sandeep Kar. “However, continuing improvements in base suspension technologies, especially where advanced materials and design concepts are incorporated, will ensure the growth of systems such as McPherson strut, double wishbone, and multi-link suspensions through installation in volume vehicle models.”
Pricing pressures from automakers to ensure their own profitability are creating additional hurdles for market participants. The major market participants are already developing strategies to maximize research and development output to deliver advanced base suspension systems.

“Suppliers that can effectively leverage their research and development capabilities to introduce improved and upgraded base suspension systems that can work in tandem with suspension enhancement systems to deliver superior ride stability, handling and comfort at the lowest incremental cost of integration to the automakers are expected to weather the extreme market conditions and emerge as market leaders,” states Kar.

As automakers work towards influencing the purchase decision of vehicle buyers by differentiating their vehicles based upon tangible suspension attributes, the market for suspension enhancement systems is poised for growth.

North American OE Suspension Systems and Modules Market, part of the 9813 Automotive Advanced Technologies Subscription, includes research in the following markets:
• North American OE Brake Systems Market
• North American Class 6-8 Truck Chassis Systems Market
• North American Suspension Parts Aftermarket

All research included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants. Analyst interviews with the press are available.

Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics.

North American OE Suspension Systems and Modules Market
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Enhancement Technologies and Upgraded Base Help Steer Through Tough Conditions in the OE Suspension

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Contact: Tolu Babalola 
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