Japan Automotive Suspension System Market Size, Share, and COVID-19 Impact Analysis, By System (Passive System, Active System, and Semi-active System), By Component (Shock Dampener, Struts, Control Arm, Ball Joint, Air Compressors, and Others), By Suspension System (Hydraulic Suspension, Air Suspension, and Leaf Spring), By Vehicle Type (Passenger cars, and Others), and Japan Automotive Suspension System Market Insights, Industry Trend, Forecasts to 2035
Industry: Automotive & TransportationJapan Automotive Suspension System Market Insights Forecasts to 2035
- The Japan Automotive Suspension System Market Size is Expected to Grow at a CAGR of 8.4% from 2025 to 2035
- The Japan Automotive Suspension System Size is Expected to hold a significant share by 2035
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According to a research report published by Spherical Insights and Consulting, The Japan automotive suspension system market Size is expected to hold a significant share by 2035, growing at a CAGR of 8.4% from 2025 to 2035. The primary reason for the growing number of innovations and requirements for effective suspension systems is the growing need for low-cost, lighter in weight, improved fuel efficiency, and comfort.
Market Overview
The Japan automotive suspension system market refers to the industry's manufacturing, distribution, and consumption of suspension systems for vehicles, both passive and active. The major players driving the market are the growing need for ride comfort, better handling, and safety features in automobiles. Active and semi-active suspension systems, which are responsive to road conditions in real-time, are increasingly popular. Further, the move towards electric cars (EVs) and autonomous driving technologies is driving the demand for energy-efficient and lightweight suspension systems. Japan has top players such as KYB Corporation and NHK Springs Co., Ltd., which are recognized for offering top-quality and innovative suspension parts. The market includes a strong supply chain, sophisticated manufacturing facilities, and an intense focus on research and development. Increased usage of EVs and autonomous cars offers prospects for innovation in creating custom suspension systems suited to these technologies. In addition, the increased size of the aftermarket industry provides avenues for expansion through performance enhancements and customization. The government of Japan sustains the automobile industry by policies encouraging environmental stewardship and technological development. Initiatives encompass EV manufacturing incentives and R&D in next-generation automotive technologies to create a friendly business climate for the evolution of next-generation suspension technology.
Report Coverage
This research report categorizes the market for the Japan automotive suspension system market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Japan automotive suspension system market. Recent market developments and competitive strategies such as expansion, product launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Japan automotive suspension system market.
Japan Automotive Suspension System Market Report Coverage
Report Coverage | Details |
---|---|
Base Year: | 2024 |
Forecast Period: | 2025-2035 |
Forecast Period CAGR 2025-2035 : | CAGR Of 8.4% |
Historical Data for: | 2020-2023 |
No. of Pages: | 274 |
Tables, Charts & Figures: | 102 |
Segments covered: | By System, By Component, By Suspension System and By Vehicle Type |
Companies covered:: | Marelli Corporation, KYB Corporation, Nissan Motor, Koito Manufacturing, JTEKT Corporation, NHK Springs Co., Ltd., Denso Corporation, Suzuki Motor, Aisin Seiki, Hitachi, and Others |
Pitfalls & Challenges: | COVID-19 Empact, Challenge, Future, Growth, & Analysis |
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Driving Factors
The growing demand in the market has to do with manufacturing new automobiles, where the suspension system bonds the car frame with the wheels and is among the most critical components of the vehicle. Growing technological developments, growing urbanization, and individual buying behaviour are leading to growth in the automotive market. It helps in enhancing ride quality and enhances the road surface retention of the vehicle. This gives them better handling and stability, leading to increased demand for sophisticated suspension systems that can further improve the handling and performance of electric cars.
Restraining Factors
The large investments of capital in research and development hinder the ability of companies to invest in technologies and develop new products in the market. The high manufacturing and assembly cost of sophisticated suspension systems also constrains demand from consumers, which brings about the problem of affordability. Additionally, the lack of raw materials also causes higher system expenses and delayed production and supply chain interruptions, which also undermine the growth of the market.
Market Segmentation
The Japan automotive suspension system market share is classified into system, component, suspension type, and vehicle type.
- The passive system segment held the largest share of the Japan automotive suspension system market in 2024 and is anticipated to grow substantially during the forecast period.
The Japan automotive suspension system market is segmented by system into passive system, active system, and semi-active system. Among these, the passive system segment held the largest share of the Japan automotive suspension system market in 2024 and is anticipated to grow substantially during the forecast period. This is attributed to the greater rate of integration in different types of automotive vehicles, including passenger vehicles, commercial vehicles, and off-road vehicles. Apart from this, the passive segment is readily accessible, which enhances the ease of placement and maintenance activity. It is the greatly preferred method for low and mid-range cars.
- The shock dampener segment held a significant share in 2024 and is expected to grow at a substantial CAGR during the forecast period.
The Japan automotive suspension system market is segmented by component into shock dampener, struts, control arm, ball joint, air compressors, and others. Among these, the shock dampener segment held a significant share in 2024 and is expected to grow at a substantial CAGR during the forecast period. This development is due to their essential contribution towards vehicle performance, safety, and ride comfort since they assist in maintaining tire-to-road contact, which also guarantees improved stability, handling, and comfort for occupants.
- The hydraulic suspension segment held the highest share of the Japan automotive suspension system market in 2024 and is anticipated to grow at a substantial pace during the forecast period
The Japan automotive suspension system market is segmented by suspension type into hydraulic suspension, air suspension, and leaf springs. Among these, the hydraulic suspension segment held the highest share of the Japan automotive suspension system market in 2024 and is anticipated to grow at a substantial pace during the forecast period. This is due to its widespread application among key players in the automotive market, as hydraulic suspensions enhance vehicle handling and give them smoother rides. Hydraulic suspensions respond more quickly than their equivalent suspensions.
- The passenger cars segment held the largest share of the Japan automotive suspension system market in 2024 and is anticipated to grow at a substantial pace during the forecast period
The Japan automotive suspension system market is segmented by vehicle type into passenger cars and others. Among these, the passenger cars segment held the largest share of the Japan automotive suspension system market in 2024 and is anticipated to grow at a substantial pace during the forecast period. This is due to the rise in the disposable income of people in developing nations, thus causing a boost in demand for passenger cars.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the Japan automotive suspension system market, along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborate analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- Marelli Corporation
- KYB Corporation
- Nissan Motor
- Koito Manufacturing
- JTEKT Corporation
- NHK Springs Co., Ltd.
- Denso Corporation
- Suzuki Motor
- Aisin Seiki
- Hitachi
- Others
Recent Developments:
- In April 2021, KYB Corporation expanded its business in the KADS application, an electronically controlled suspension system of snowmobiles. Core control and hydraulic technologies are integrated into the electronic suspension system. The system expanded with attitude control technology improves the vehicle handling of snowmobiles.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at Japan, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the Japan automotive suspension system market based on the below-mentioned segments:
Japan Automotive Suspension System Market, By System
- Passive System
- Active System
- Semi-active System
Japan Automotive Suspension System Market, By Component
- Shock Dampener
- Struts
- Control Arm
- Ball Joint
- Air Compressors
- Others
Japan Automotive Suspension System Market, By Suspension Type
- Hydraulic Suspension
- Air Suspension
- Leaf Spring
Japan Automotive Suspension System Market, By Vehicle Type
- Passenger Cars
- Others
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