Allied Market Research published a report, titled, “Automotive Suspension Market by System, (Passive System and Semi-Active/Active System). Component, (Spring, Shock Dampener, Struts, Control Arms, Ball Joint, Air Compressor, and Leaf Spring). Geometry, (Dependent, Semi-Independent, and Independent Suspension), Suspension Type, (Hydraulic, Air, and Electro-Magnetic Suspension). and Vehicle Type, (Two-Wheelers, Passenger Cars, and Commercial Vehicles): Global Opportunity Analysis and Industry Forecast, 2023-2032″. According to the report, the global automotive suspension industry size generated $61,566.0 million in 2022 and is projected to reach $96,562.1 million by 2032, registering a CAGR of 4.7% from 2023 to 2032.
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Leading Industry Manufacturer of Automotive Suspension: –
- Continental AG
- FOX Factory Inc.
- Gabriel India Ltd.
- Hendrickson USA LLC
- KYB Corporation
- Mando Corporation
- Sogefi SpA
- Tenneco Inc.
- Wabco Holdings Inc.
- Thyssenkrupp AG
The report provides a detailed analysis of key players in the global automotive suspension market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain their dominant share in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
Prime determinants of growth
The automotive suspension market plays a crucial role in ensuring the smooth and safe operation of vehicles, making it a pivotal component of the automotive industry. The growth of the global automotive suspension market is driven by factors such as technological advancements, rise in production of vehicles, and increase in demand for luxury & comfort in vehicles. However, factors such as improvement in global standards for vehicles and high maintenance cost of advanced suspension systems are anticipated to hamper the growth of the market. Conversely, rise in demand for lightweight suspension systems and the development of advanced suspension systems are anticipated to offer potential growth opportunities for the global market.
Key Highlights of the Report:
- Extensive Geographic Coverage: Our automotive suspension market study encompasses 14 different countries, offering a comprehensive regional and segment analysis of each nation’s value ($million) for the forecasted period from 2023 to 2032.
- Data Integration and Expert Analysis: Our research is founded on the integration of high-quality data, expert opinions, rigorous analysis, and impartial, independent perspectives. This holistic research approach aims to provide a well-rounded perspective on global markets, empowering stakeholders to make informed decisions that drive them towards their most ambitious growth objectives.
- Comprehensive Data Review: To gain deeper insights into the market, we meticulously reviewed more than 3,700 sources, including product literature, annual reports, industry statements, and other relevant materials from major industry participants. This extensive data review enhances our understanding of the market dynamics and trends.
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Report Coverage & Details:
Market Size in 2022
Market Size in 2032
No. of Pages in Report
System, Component, Geometry, Suspension Type, Vehicle Type and Region.
Increase in the manufacturing of vehicles
Growth in demand for luxury & comfort in vehicles
Increase in trend toward EV and Autonomous vehicles
Advancements in Technology
Rise in demand for lightweight suspension system
Development of advanced suspension systems
Increase in demand from Aftermarket
Implementation of stringent regulations for vehicles
High maintenance cost of advanced suspension systems
COVID-19 Impact Analysis
- The pandemic has also led to a renewed emphasis on safety and hygiene within vehicles. Consumers are more conscious of cabin air quality, which has led to increased demand for advanced suspension systems that can provide a smoother and more comfortable ride. Manufacturers are responding by integrating technologies such as advanced air filtration systems and adaptive suspension systems into their products.
- On the production side, the pandemic has accelerated the integration of automation and digitalization in manufacturing processes. Suspension component manufacturers have been investing in smart manufacturing technologies to enhance efficiency, minimize human contact, and maintain production continuity even during unforeseen disruptions.
The shock dampener segment to maintain its dominance throughout the forecast period.
By component, the shock dampener segment held the highest market share in 2022 and is estimated to maintain its dominance throughout the forecast period (2023 to 2032), due to their characteristic property to dampen the oscillations of vehicles. In addition, recent advancements, such as ride height control, have made it possible to use shock dampeners in air suspension systems, thereby improving the performance of vehicles. However, the air compressor segment is projected to witness the highest CAGR of 5.6% from 2023 to 2032, due to compressors in an automotive suspension system used to compress the air present in the tank. This compressed air is used in the suspension system of the vehicle, thereby offering an improved and efficient driving experience.
The commercial vehicle segment is projected to maintain its dominance throughout the forecast period.
By vehicle type, the commercial vehicle segment held the highest market share in 2022 and is estimated to maintain its leadership status throughout the forecast period, due to the demand for efficient and reliable commercial vehicles rising, creating a need for advanced suspension systems that can handle varying loads and road conditions. However, the two-wheeler segment is projected to manifest the highest CAGR of 5.7% from 2023 to 2032, owing to an increase in demand for the incorporation of safety systems such as anti-lock braking systems (ABS) and advanced suspension systems in vehicles to reduce the number of accidents across the globe.
The dependent geometry segment is expected to maintain its lead position during the forecast period.
By geometry, the dependent geometry segment accounted for the largest share in 2022 and is expected to witness the largest CAGR of 5.8% from 2023 to 2032, as these systems are relatively less complex and cheaper to manufacture compared to independent suspension setups, making them a popular choice for budget-conscious vehicle manufacturers. In addition, growing demand for improved ride comfort and handling in all types of vehicles, including trucks and SUVs. As a result, manufacturers are working to enhance the performance and comfort of dependent suspension systems, incorporating advancements such as adaptive damping and better shock absorption.
The air suspension segment is projected to maintain its dominance throughout the forecast period.
Based on suspension type, the air suspension segment held the highest market share in 2022 and is expected to portray the largest CAGR of 5.0% from 2023 to 2032, because it offers superior ride quality compared to traditional coil or leaf spring suspensions, making it a preferred choice for luxury and high-end vehicles. Automakers are increasingly focusing on reducing emissions and improving fuel efficiency. Air suspension can be fine-tuned to lower the vehicle’s ride height, reducing aerodynamic drag and improving fuel economy.
The passive system segment to maintain its leadership status throughout the forecast period
By system, the passive system segment held the highest market share in 2022 and is estimated to maintain its leadership status throughout the forecast period 2023 to 2032, as these systems are incorporated in various vehicles that also have simple design and low maintenance costs. This has increased their dominance in the automotive suspension market. However, the semi-active/active system segment is projected to manifest the highest CAGR of 6.8% from 2023 to 2032, owing to rise in popularity of high-end vehicles, as they provide similar performance to active suspensions regarding chassis isolation from road irregularities at lower cost and without the addition of bulky equipment.
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Asia-Pacific to maintain its dominance by 2032
By region, Asia-Pacific held the highest market share in terms of revenue in 2022 and is expected to witness the largest CAGR of 5.1% from 2023 to 2032, due to increase in income, rise in purchasing power, and changes in lifestyle due to rapid urbanization and rise in awareness about automotive suspension systems. The automotive suspension industry is continuously witnessing growth with innovations in materials, design, and technology in this region. Also, the demand for luxury cars is anticipated to rise in the Asian region, due to strong economic conditions and continuous rise in disposable income of the population.
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Global Methane Hub Announces the Enteric Fermentation Research & Development Accelerator, a $200M Agricultural Methane Mitigation Funding Initiative
The Largest-Ever Globally Coordinated Funding Investment in Livestock Methane Mitigation Research Announced at the COP28 Business & Philanthropy Climate Forum
The public, private and philanthropic partnership includes Bezos Earth Fund, Quadrature Climate Fund, Gerstner Philanthropies, High Tide Foundation, Bill & Melinda Gates Foundation, The Zegar Family Foundation, Danone and more
DUBAI, UAE, Dec. 2, 2023 /PRNewswire/ — Today, at COP28, the Global Methane Hub (GMH) announced a more than $200 million funding initiative between public, private and philanthropic partners including the Bezos Earth Fund, Quadrature Climate Fund, Gerstner Philanthropies, High Tide Foundation, Bill & Melinda Gates Foundation, The Zegar Family Foundation, Danone, the Governments of Ireland, New Zealand and the United States, for research and development (R&D) technologies to meaningfully address and reduce methane emissions from livestock.
The Enteric Fermentation R&D Accelerator, or Accelerator, is the largest-ever, globally coordinated investment of breakthrough research tackling livestock methane emissions. The Global Methane Hub announced the intention to establish the Accelerator at COP27 as an AIM for Climate Innovation Sprint. The Accelerator will unite funders, guided by a science oversight committee, to invest in a globally coordinated research plan. This strategy aims to address gaps in current research and enhance existing efforts. The strategy includes work on exploring new and alternate livestock feed additives, tools to breed low-methane livestock, immunological studies for a methane vaccine, understanding the organisms in the rumen and their functions, and lowering the costs of measurement, essential to generate evidence for regulatory approval and validation of mitigation technologies.
About 40% of the world’s methane emissions come from agriculture, and 70% of that is due to enteric fermentation. This process happens in cows’ digestive systems when sugars are broken down into methane and released through belching. Unfortunately, current research on enteric fermentation is not extensive or coordinated enough to provide efficient and transformative solutions to significantly benefit farmers.
This is the latest milestone to mark the impact GMH is having on global methane reduction efforts since its founding in December 2021.
“The Accelerator is a prime example of the role philanthropy can play in driving substantive climate action and strategically aligning the key players working to solve the most pressing issue of our time,” said Hayden Montgomery, Agriculture Program Director at the Global Methane Hub. “With this effort to synchronize and consolidate public-good research on enteric methane, we aim to make multiple solutions to reduce enteric methane available quickly and provide proof of the efficacy of livestock mitigation technologies.”
“We know that cattle are responsible for most agricultural methane emissions. Promising technological and scientific solutions exist, but for too long, monetary and regulatory barriers have slowed progress and prevented critical research,” said Andy Jarvis, Director of Future of Food at the Bezos Earth Fund. “The Global Methane Hub’s Enteric Methane R&D Accelerator stands to change all of this, unlocking the resources needed to discover and develop low-cost solutions that will dramatically reduce methane emissions from livestock by 2030.”
“Through the Accelerator, we are poised to make a significant impact in driving innovation towards solutions to reduce enteric methane globally,” said Richard Lawrence, director and co-founder of High Tide Foundation. “I would like to thank Danone for stepping up as the first corporation committed to the Accelerator and I encourage others to do the same.”
“As a dairy company, curbing methane emissions is the fastest and most impactful way to slow down global warming,” said Olivier Verdelet, Vice-President Agriculture Cycle at Danone. “To do so, collaboration will be instrumental as we seek for new solutions, speed and sizable impacts. We are eager to collaborate with the Global Methane Hub and other partners to accelerate and test scalable innovations in the field. We believe this will help us build a sustainable, future-fit dairy category that is at the core of our mission to bring health through food to as many people as possible.”
Agricultural methane is projected to increase 40% by 2050. We would have to reduce emissions by 50% in order to meet the accords of the Paris Agreement to keep the global temperature rise to a maximum of 1.5 degrees Celsius. Reducing methane emissions from all sectors, including agriculture, is the fastest way to mitigate climate change.
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Digital Printing for Tableware Market worth $452 million by 2029 – Exclusive Report by MarketsandMarkets™
CHICAGO, Dec. 1, 2023 /PRNewswire/ — The Digital Printing for Tableware market is projected to reach USD 452 million by 2029 from USD 326 million in 2024; it is expected to grow at a CAGR of 6.8% from 2024 to 2029 according to a new report by MarketsandMarkets™. Heightened interest in sustainable printing practices, escalating needs within the foodservice sector, swift advancements in digital printing technology, and the accelerated prototyping and assessment of novel designs within the tableware industry are poised to propel the expansion of the Digital Printing for Tableware market.
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Browse in-depth TOC on “Digital Printing for Tableware Market”
140 – Tables60 – Figures240 – Pages
Digital Printing for Tableware Market Report Scope:
Market Revenue in 2024
$ 326 million
Estimated Value by 2029
$ 452 million
Poised to grow at a CAGR of 6.8%
Market Size Available for
Value (USD Million/Billion)
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
By Application, Ink type and Region
North America, Europe, Asia Pacific, and Rest of World
Key Market Challenge
Compatibility with limited materials
Key Market Opportunities
Increasing demand from the in-plant market
Key Market Drivers
Rapid technological advancements in digital printers
This market exhibits a promising growth trajectory, buoyed by prospects like escalating demand from the in-plant market, substantial investment in digital printing-centric research and development endeavors, and the consequent decrease in per-unit printing costs facilitated by digital printers.
The Ceramic and porcelain application segment is expected to hold the largest market share of the digital printing for tableware market during the forecast period.
In 2023, the Ceramic and porcelain segment held the largest market share, and this pattern is expected to persist in the forecast period. Cutting edge ceramic digital printing technology for the tableware industry is expected to revolutionize the tableware industry during the forecast period. While digital printing for porcelain tableware combines precision and versatility allowing intricate designs to enable growth of the market. Digital printing for ceramic and porcelain tableware products involves the use of advanced printing technology to apply intricate and high-quality designs directly onto ceramic and porcelain surfaces. This modern printing method has become increasingly popular in the tableware industry due to its ability to offer customization, detailed graphics, and efficient production processes.
The UV Ink segment is expected to hold the largest market share of the digital printing for tableware market during the forecast period.
The use of UV ink in digital printing for the tableware industry is driven by its unique properties and advantages that cater to the specific requirements of decorating and customizing various tableware items, such as ceramics and porcelain. It offers rapid curing, color vibrancy, versatility in design, customization capabilities, durability, efficiency in production, and reduction in waste. Because of such advantages over other inks like ceramic ink, and solvent based ink, the UV ink type is expected to hold the largest market share.
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The North American region is expected to hold the largest market share during the forecast period.
During the forecast period, North America region is poised to experience the most significant growth in the digital printing for tableware market. The surge in consumer appetite for personalized tableware due to digital printing capabilities to deliver unique designs is expected to drive the market growth in the North American region. Also, presence of major companies such as Electronics for Imaging, Inc., Inkcups Now, Boston Industrial Solutions, Inc., and INX International Ink Co., in the North American region enables research and development activities in digital printing technologies benefitting the tableware industry owing to increase in the demand for customization of tableware products across the region.
Key Players Market
SACMI (Italy), Electronics for Imaging, Inc. (US), Inkcups Now (US), Mimaki Engineering Co., ltd. (Japan), Boston Industrial Solutions, Inc. (US), PROJECTA ENGINEERING S.R.L. (Italy), Engineered Printing Solutions (US), INX International Ink Co. (US), KERAjet (Spain), and Dip-Tech Digital Printing Technologies Ltd. (Israel) are key players in the digital printing for tableware companies.
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Syntax Unveils Expanded CxLink Backup Solution at AWS re:Invent 2023
Leading global solutions provider showcases new product support for Oracle cloud backup and recovery operations and achieves AWS Level 1 MSSP Competency
MONTREAL, Dec. 1, 2023 /PRNewswire/ — Syntax Systems, a leading global technology solutions and services provider for cloud application implementation and management, announced Syntax CxLink Backup solution for Oracle databases at AWS re:Invent 2023. This is a strategic enhancement to its suite of solutions that now supports the Oracle Recovery Manager (RMAN). CxLink Backup addresses a critical need for enterprise customers running Oracle databases, including SAP customers, as Oracle Database underpins more than 60% of SAP ERP Central Component customer implementations and RMAN integration options are limited.
Enterprise teams managing multiple clouds and stores of data, each with their own routine for proper storage, now have access to a cutting-edge tool to simplify backup and recovery processes as well as disaster recovery strategies. With CxLink Backup, customers now have access to several impactful functions that Oracle Recovery Manager fulfills:
Spares users the complexity of managing backup file details because it’s a module that streamlines and automates backup and recovery.Supports various backup types like full, incremental, differential, and image copies.Enhances backup efficiency and minimizes size with features like compression, parallel processing, and multisection.Ensures data security and reliability through validation, encryption, and cataloging of backups, as well as the ability to rectify corruption or errors.Offers flexible data restoration, including options like flashback, point-in-time recovery, and incomplete recovery, which allows recovery to any specific moment.”In today’s fast-paced digital world, backups are critical for enterprise applications,” said Ricardo Casanovas Ortega, VP of Product Innovation at Syntax. “Many enterprise teams are managing these processes from disparate sources and tools. Our latest features for CxLink Backup, unify and automate recovery processes, giving users a powerful tool that enhances reliability while minimizing complexity.”
In addition to revealing new capabilities in its CxLink solution, Syntax also announced its achievement of the Amazon Web Services (AWS) Level 1 Managed Security Service Provider (MSSP) Competency and renewed its status in the AWS Managed Service Provider (MSP) Partner Program. These designations recognize and validate leading AWS Partner Network (APN) members that provide full lifecycle solutions to customers and who have met AWS’s requirements for a baseline of managed security services to protect and monitor essential AWS resources 24/7, known as Level 1 Managed Security Services.
“Syntax is very proud to now be part of the elite AWS Partners who have achieved the AWS Level 1 MSSP Competency,” said Christian Primeau, Global CEO of Syntax. “Our strategy is 3-pronged: operate-to-protect, monitor-to-respond and built-to-recover. We are focused on ensuring the integrity of applications running on AWS and the data they store and process. Achieving this AWS Competency designation is recognition of the work the Syntax team delivers and our growing relationship with AWS, which adds value across our entire portfolio.”
The Syntax portfolio offers a wide range of AWS solutions as an AWS Premier Tier Services Partner. Syntax previously achieved the AWS SAP Competency, AWS Oracle Competency, and AWS Migration Competency, and AWS MSP Partner designations and is a member of the AWS Well-Architected Partner Program.
About Syntax Syntax provides comprehensive technology solutions and trusted professional, advisory, and application management services to power businesses’ mission-critical applications in the cloud. With 50 years of experience and 800+ customers around the world, Syntax has deep expertise in implementing and managing multi-ERP deployments in secure private, public, hybrid, or multi-cloud environments. Syntax partners with SAP, Oracle, JD Edwards, AWS, Microsoft, and other global technology leaders to ensure customers’ applications are seamless, secure, and at the forefront of enterprise technology innovation. Learn more about Syntax at www.syntax.com.
Contact:Walker Sands for [email protected]
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