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Global Dynamic Truck And Trailer Suspension Market by Type (Flatbed, Lowboy, Dry Van, Refrigerated, Tankers, Others), By Application (Industrial, Manufacture, Automotive, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

  • Report ID: ME-145
  • Author: Up Market Research
  • Rating: 5.0
  • Total Reviews: 72
  • No. Of Pages: 202
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  • Pub. Date: 2021-03-01
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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.

Flatbed

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

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

Dry Van

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.

Refrigerated

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

Tankers

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.

Industrial

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.

Manufacture

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.

Automotive

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.

Growth Factors

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 Scope

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
Base Year 2020
Historical Year 2018 to 2019 (Data from 2010 can be provided as per availability)
Forecast Year 2028
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.


Global Dynamic Truck And Trailer Suspension Industry Outlook
 

Global Dynamic Truck And Trailer Suspension Market Report Segments:

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:

  1. Vehicle Systems Engineering
  2. WABCO
  3. Simard Suspensions
  4. JOST-Werke Deutschland
  5. IMS
  6. BPW
  7. GOLDHOFER Aktiengesellschaft
  8. ZF Friedrichshafen
  9. Reyco Granning
 

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.

 

Key Benefits for Industry Participants & Stakeholders:

  • Industry drivers, restraints, and opportunities covered in the study
  • Neutral perspective on the market performance
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Potential & niche segments and regions exhibiting promising growth covered
  • Historical, current, and projected market size, in terms of value
  • In-depth analysis of the Dynamic Truck And Trailer Suspension Market
 

Overview of the regional outlook of the Dynamic Truck And Trailer Suspension Market:

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.


Dynamic Truck And Trailer Suspension Market Overview
 

Highlights of The Dynamic Truck And Trailer Suspension Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of Dynamic Truck And Trailer Suspension Market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2028.
  5. Developments and trends in the market.
  6. By Type:

                1. Flatbed

                2. Lowboy

                3. Dry Van

                4. Refrigerated

                5. Tankers

                6. Others

       7. By Application:

                1. Industrial

                2. Manufacture

                3. Automotive

                4. Others

  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.
 

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.

 

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Dynamic Truck And Trailer Suspension Market Statistics
 

Reasons to Purchase the Dynamic Truck And Trailer Suspension Market Report:

  • The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
  • Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
  • Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
  • The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
  • Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Dynamic Truck And Trailer Suspension Market Overview
   4.1 Introduction 
      4.1.1 Market Taxonomy 
      4.1.2 Market Definition 
      4.1.3 Macro-Economic Factors Impacting the Market Growth 
   4.2 Dynamic Truck And Trailer Suspension Market Dynamics 
      4.2.1 Market Drivers 
      4.2.2 Market Restraints 
      4.2.3 Market Opportunity 
   4.3 Dynamic Truck And Trailer Suspension Market - Supply Chain Analysis 
      4.3.1 List of Key Suppliers 
      4.3.2 List of Key Distributors 
      4.3.3 List of Key Consumers 
   4.4 Key Forces Shaping the Dynamic Truck And Trailer Suspension Market 
      4.4.1 Bargaining Power of Suppliers 
      4.4.2 Bargaining Power of Buyers 
      4.4.3 Threat of Substitution 
      4.4.4 Threat of New Entrants 
      4.4.5 Competitive Rivalry 
   4.5 Global Dynamic Truck And Trailer Suspension Market Size & Forecast, 2018-2028 
      4.5.1 Dynamic Truck And Trailer Suspension Market Size and Y-o-Y Growth 
      4.5.2 Dynamic Truck And Trailer Suspension Market Absolute $ Opportunity 


Chapter 5 Global Dynamic Truck And Trailer Suspension Market Analysis and Forecast by Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities by Type
      5.1.2 Basis Point Share (BPS) Analysis by Type
      5.1.3 Absolute $ Opportunity Assessment by Type
   5.2 Dynamic Truck And Trailer Suspension Market Size Forecast by Type
      5.2.1 Flatbed
      5.2.2 Lowboy
      5.2.3 Dry Van
      5.2.4 Refrigerated
      5.2.5 Tankers
      5.2.6 Others
   5.3 Market Attractiveness Analysis by Type

Chapter 6 Global Dynamic Truck And Trailer Suspension Market Analysis and Forecast by Applications
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities by Applications
      6.1.2 Basis Point Share (BPS) Analysis by Applications
      6.1.3 Absolute $ Opportunity Assessment by Applications
   6.2 Dynamic Truck And Trailer Suspension Market Size Forecast by Applications
      6.2.1 Industrial
      6.2.2 Manufacture
      6.2.3 Automotive
      6.2.4 Others
   6.3 Market Attractiveness Analysis by Applications

Chapter 7 Global Dynamic Truck And Trailer Suspension Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Dynamic Truck And Trailer Suspension Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region

Chapter 8 Coronavirus Disease (COVID-19) Impact 
   8.1 Introduction 
   8.2 Current & Future Impact Analysis 
   8.3 Economic Impact Analysis 
   8.4 Government Policies 
   8.5 Investment Scenario

Chapter 9 North America Dynamic Truck And Trailer Suspension Analysis and Forecast
   9.1 Introduction
   9.2 North America Dynamic Truck And Trailer Suspension Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America Dynamic Truck And Trailer Suspension Market Size Forecast by Type
      9.6.1 Flatbed
      9.6.2 Lowboy
      9.6.3 Dry Van
      9.6.4 Refrigerated
      9.6.5 Tankers
      9.6.6 Others
   9.7 Basis Point Share (BPS) Analysis by Type 
   9.8 Absolute $ Opportunity Assessment by Type 
   9.9 Market Attractiveness Analysis by Type
   9.10 North America Dynamic Truck And Trailer Suspension Market Size Forecast by Applications
      9.10.1 Industrial
      9.10.2 Manufacture
      9.10.3 Automotive
      9.10.4 Others
   9.11 Basis Point Share (BPS) Analysis by Applications 
   9.12 Absolute $ Opportunity Assessment by Applications 
   9.13 Market Attractiveness Analysis by Applications

Chapter 10 Europe Dynamic Truck And Trailer Suspension Analysis and Forecast
   10.1 Introduction
   10.2 Europe Dynamic Truck And Trailer Suspension Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe Dynamic Truck And Trailer Suspension Market Size Forecast by Type
      10.6.1 Flatbed
      10.6.2 Lowboy
      10.6.3 Dry Van
      10.6.4 Refrigerated
      10.6.5 Tankers
      10.6.6 Others
   10.7 Basis Point Share (BPS) Analysis by Type 
   10.8 Absolute $ Opportunity Assessment by Type 
   10.9 Market Attractiveness Analysis by Type
   10.10 Europe Dynamic Truck And Trailer Suspension Market Size Forecast by Applications
      10.10.1 Industrial
      10.10.2 Manufacture
      10.10.3 Automotive
      10.10.4 Others
   10.11 Basis Point Share (BPS) Analysis by Applications 
   10.12 Absolute $ Opportunity Assessment by Applications 
   10.13 Market Attractiveness Analysis by Applications

Chapter 11 Asia Pacific Dynamic Truck And Trailer Suspension Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Dynamic Truck And Trailer Suspension Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific Dynamic Truck And Trailer Suspension Market Size Forecast by Type
      11.6.1 Flatbed
      11.6.2 Lowboy
      11.6.3 Dry Van
      11.6.4 Refrigerated
      11.6.5 Tankers
      11.6.6 Others
   11.7 Basis Point Share (BPS) Analysis by Type 
   11.8 Absolute $ Opportunity Assessment by Type 
   11.9 Market Attractiveness Analysis by Type
   11.10 Asia Pacific Dynamic Truck And Trailer Suspension Market Size Forecast by Applications
      11.10.1 Industrial
      11.10.2 Manufacture
      11.10.3 Automotive
      11.10.4 Others
   11.11 Basis Point Share (BPS) Analysis by Applications 
   11.12 Absolute $ Opportunity Assessment by Applications 
   11.13 Market Attractiveness Analysis by Applications

Chapter 12 Latin America Dynamic Truck And Trailer Suspension Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Dynamic Truck And Trailer Suspension Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America Dynamic Truck And Trailer Suspension Market Size Forecast by Type
      12.6.1 Flatbed
      12.6.2 Lowboy
      12.6.3 Dry Van
      12.6.4 Refrigerated
      12.6.5 Tankers
      12.6.6 Others
   12.7 Basis Point Share (BPS) Analysis by Type 
   12.8 Absolute $ Opportunity Assessment by Type 
   12.9 Market Attractiveness Analysis by Type
   12.10 Latin America Dynamic Truck And Trailer Suspension Market Size Forecast by Applications
      12.10.1 Industrial
      12.10.2 Manufacture
      12.10.3 Automotive
      12.10.4 Others
   12.11 Basis Point Share (BPS) Analysis by Applications 
   12.12 Absolute $ Opportunity Assessment by Applications 
   12.13 Market Attractiveness Analysis by Applications

Chapter 13 Middle East & Africa (MEA) Dynamic Truck And Trailer Suspension Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Dynamic Truck And Trailer Suspension Market Size Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA) Dynamic Truck And Trailer Suspension Market Size Forecast by Type
      13.6.1 Flatbed
      13.6.2 Lowboy
      13.6.3 Dry Van
      13.6.4 Refrigerated
      13.6.5 Tankers
      13.6.6 Others
   13.7 Basis Point Share (BPS) Analysis by Type 
   13.8 Absolute $ Opportunity Assessment by Type 
   13.9 Market Attractiveness Analysis by Type
   13.10 Middle East & Africa (MEA) Dynamic Truck And Trailer Suspension Market Size Forecast by Applications
      13.10.1 Industrial
      13.10.2 Manufacture
      13.10.3 Automotive
      13.10.4 Others
   13.11 Basis Point Share (BPS) Analysis by Applications 
   13.12 Absolute $ Opportunity Assessment by Applications 
   13.13 Market Attractiveness Analysis by Applications

Chapter 14 Competition Landscape 
   14.1 Dynamic Truck And Trailer Suspension Market: Competitive Dashboard
   14.2 Global Dynamic Truck And Trailer Suspension Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.3.1 Vehicle Systems Engineering
      14.3.2 WABCO
      14.3.3 Simard Suspensions
      14.3.4 JOST-Werke Deutschland
      14.3.5 IMS
      14.3.6 BPW
      14.3.7 GOLDHOFER Aktiengesellschaft
      14.3.8 ZF Friedrichshafen
      14.3.9 Reyco Granning
Segments Covered in the Report
The global Dynamic Truck And Trailer Suspension market has been segmented based on

By Types
  • Flatbed
  • Lowboy
  • Dry Van
  • Refrigerated
  • Tankers
  • Others
By Applications
  • Industrial
  • Manufacture
  • Automotive
  • Others
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Vehicle Systems Engineering
  • WABCO
  • Simard Suspensions
  • JOST-Werke Deutschland
  • IMS
  • BPW
  • GOLDHOFER Aktiengesellschaft
  • ZF Friedrichshafen
  • Reyco Granning

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