The global dynamic truck and trailer suspension market is projected to grow at a CAGR of 6.9% from 2021-2028. Increasing demand for better driving experience and reduction in weight has led to the growth of this market. It is estimated that more than 25 million units will be sold globally by the end of 2028, with North America being one of the major revenue contributors during the forecast period.
A dynamic suspension is a type of vehicle suspension that relies on the compression and rebound motions of springs, or pneumatic cylinders. They may also be referred to as active suspensions. The main advantage of this system over passive systems (e.g., leaf spring) is reduced unsprung weight for any given load, which results in improved handling and ride quality according to International Organization for Standardization standards ISO 13688-1999 standard.
It bears the weight of a load, i.e., the suspension system is designed to carry loads in addition to its own weight. They also absorb shocks as they move over uneven surfaces such as bumps, potholes, and steep slopes, unpaved roads, or rough terrain by controlling movement in order to maintain stability for different vehicles.
Dynamic truck and trailer suspensions offer many benefits such as increased safety from accidents (by reducing crash damage), better maneuverability around corners by controlling body roll through computerized actuators, decreased wear on drivetrain components due to lower loads at turning points, more efficient distribution of fuel consumption with less force needed to move the vehicle, reduced fuel consumption by using less power to maintain speed and increased carrying capacity of a trailer due to lower weight per unit. Dynamic truck and trailer suspensions generally consist of four main components: springs, shock absorbers, dampers, spring bushings.
Dampers are hydraulic cylinders that control movement within the suspension system in order to prevent any unwanted oscillation or bounce that could cause instability for vehicles (primarily articulated trucks). They can also be used as air actuators on low-pressure systems where hydraulics cannot provide enough force for compression at every point in the travel without overloading them.
Springs take up the excessive load from shocks by compressing together with one another when pressure is applied (such as during driving or braking). This decreases the load to be applied by shocks and also absorbs impacts.
Shock absorbers dampen the motion of springs, preventing them from oscillating after any disturbance has occurred. During normal driving, they are constantly compressing and releasing as weight is transferred. Spring bushings provide a better connection between the spring inside the coil and the suspension arm on one side of the vehicle while providing isolation for both sides when compressed.
On the basis of type, the global dynamic truck and trailer suspension market is segmented into flatbed, lowboy, dry van, refrigerated, tankers.
A flatbed suspension is a type of trailer suspension in which the weight is mainly supported by leaf springs or coil springs. The suspensions help to distribute the load across multiple axles and decrease wear on individual parts, such as tires. Flatbed trailers are frequently found transporting lumber, steel plate, coils of wire, packages of goods among other items that need cushioning from bumps during transit.
Lowboy Leaf Springs or Coil Springs; Supports weight with distributed distribution over axles for less tire wear; Carries Lumber, Steel Plate & More Package Goods That Need Cushioning From Bumps During Transit
Uses leaf springs to support the load and can be fitted with air suspension at either end of the trailer. These types are typically used in commercial transportation such as carrying dry goods like food products or flowers.
Supporting loads through a series of linked rubber discs that act like springs that enable movement between two points- one on top of each axle near its wheelbase - is referred to as 'air ride'. This type is often found carrying fresh produce from farms to grocery stores
Normally tankers use air-ride suspension systems because there's no mechanical connection between the vehicle frame and its wheels (i.e., as opposed to leaf or coil springs). These types of truck suspension control multiple sets of pneumatic cylinders mounted below each wheel that vary pressure automatically according to road conditions, which is why it is so effective at dealing with all types of terrain from paved highways to unpaved country roads.
On the basis of application, the global dynamic truck and trailer suspension market is segmented into industrial, manufacture, and automotive.
The global suspension market for trucks in this application can be classified as a diverse range of applications such as mining equipment, agricultural machinery, and construction vehicles to name just a few examples. This type of truck suspension system offers low-cost performance which includes various product configurations, easy installation, and relatively simple maintenance requirements that are cost-effective when compared with other types of systems like air ride or leaf springs.
It can also refer to lifts used on factory floors that require minimal vibration due to their close proximity to people working around them. These platforms offer ease in movement from one section to another without any obstruction because they use telescopic arms fitted at the base allowing it to be lifted by a single operator.
These suspensions are used in the rear of pick-up trucks and vans to provide a smooth ride for passengers. They also help maintain traction while driving on rough terrain, which is important for safety reasons. Dynamic suspension helps eliminate swaying motion that can make it difficult for drivers to control their vehicle when they are attempting to maneuver sharply or go over uneven ground. It also increases riding comfort by providing additional support and reducing strain on the back muscles from prolonged sitting in one position. This type of truck suspension system offers low-cost performance which includes various product configurations, easy installation, and relatively simple maintenance requirements that are cost-effective when compared with other types of systems like air ride or leaf springs.
On the basis of region, the global dynamic truck and trailer suspension market is segmented into North America, Europe, Asia-Pacific, and the Middle East & Africa. The region of Americas accounted for a major share in the global dynamic truck and trailer suspension market during 2018, owing to increased demand from the automotive industry.
North America accounted for a major share of the global market, owing to increased demand from the automotive industry and growing transportation needs in developing countries. The region is also expected to witness more growth during the forecast period due to increasing sale of trucks which are used for light commercial purpose like ride-hailing service vehicles. Furthermore, Asia Pacific will be one of the fastest-growing regions in this sector over the next few years, mainly driven by China’s strong investment plans towards its infrastructure development projects as well as rising industrial activities coupled with high consumption levels among citizens. Factors such as a rise in freight volumes, an increasing number of trucks, rising demand for fuel-efficient vehicles, and growing market in developing countries have increased the need for advanced truck suspensions.
The global dynamic truck and trailer suspension market is one of the most attractive markets in the automotive industry. The main drivers for this growth are rising vehicle production, increasing demand for light trucks, growing population base across developing countries, and high disposable income among people across emerging economies which will drive up the sales of new vehicles over coming years. Moreover, North America dominated with a significant share as it has an established infrastructure while Asia Pacific's percentage increased due to its economic development coupled with the presence of numerous OEMs who produce cars including trucks in China. However Asian automobile market is more price-sensitive than other regions because consumers have higher purchasing power parity when compared to Latin America or the Middle East & Africa where prices may constitute 25% - 50% of their monthly salary which will restrain the market growth
Up Market Research published a new report titled “Dynamic Truck And Trailer Suspension Market research report which is segmented by Types (Flatbed, Lowboy, Dry Van, Refrigerated, Tankers, Others), By Applications (Industrial, Manufacture, Automotive, Others), By Players/Companies Vehicle Systems Engineering, WABCO, Simard Suspensions, JOST-Werke Deutschland, IMS, BPW, GOLDHOFER Aktiengesellschaft, ZF Friedrichshafen, Reyco Granning”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
|Report Attributes||Report Details|
|Report Title||Dynamic Truck And Trailer Suspension Market Research Report|
|By Type||Flatbed, Lowboy, Dry Van, Refrigerated, Tankers, Others|
|By Application||Industrial, Manufacture, Automotive, Others|
|By Companies||Vehicle Systems Engineering, WABCO, Simard Suspensions, JOST-Werke Deutschland, IMS, BPW, GOLDHOFER Aktiengesellschaft, ZF Friedrichshafen, Reyco Granning|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||202|
|Number of Tables & Figures||142|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Flatbed, Lowboy, Dry Van, Refrigerated, Tankers, Others and By Application Industrial, Manufacture, Automotive, Others.
Some of the companies that are profiled in this report are:
Dynamic Truck And Trailer Suspension Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Dynamic Truck And Trailer Suspension Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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