LONDON--(BUSINESS WIRE)--The global automotive suspension system lubricants market is expected to post a CAGR of close to 4% during the period 2018-2022, according to the latest market research report by Technavio.
A key factor driving the growth of the global automotive suspension system lubricants market is the increased penetration of ‘sealed for life’ automotive components. Automotive manufacturers are predisposed with developing vehicles that require less maintenance. Less maintenance creates a sense of reliability regarding the vehicle brand within the minds of buyers. Most of the vehicle makers are designing vehicle systems and components with seals that reduce the leakage or any other type of lubrication loss over a period of time. This factor is expected to fuel the growth of the automotive suspension system lubricants market during the forecast period.
This market research report on the global automotive suspension system lubricants 2018-2022 also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
In this report, Technavio highlights the development of specialized system lubricants for racing vehicles as one of the key emerging trends in the global automotive transmission electronics market:
Global automotive suspension system lubricants market: Development of specialized system lubricants for racing vehicles
Racing vehicles are developed on principles offering improved resistance to wear, increased performance, and better vehicle handling properties at high speeds. Every component and system created for these vehicles are customized to handle increased loads, speeds, and wear as compared with conventional vehicles. This warrants the usage of high-performance synthetic blend lubricants within the suspension systems of racing cars and high-performance vehicles. For instance, Torco Race Fuel offers a variety of suspension system lubricants and oil to reduce wear on the various suspension components and increase the smoothness of movement. Such developments and use of advanced suspension oils may find its use within mainstream vehicles during the forecast period.
“Apart from the development of specialized system lubricants for racing vehicles, the growth of the automotive suspension system lubricants market is being positively influenced by the growing use of MR fluid suspension oils along with the increasing usage of biodegradable materials for making automotive suspension system lubricants,” says a senior analyst at Technavio.
Global automotive suspension system lubricants market: Segmentation analysis
This market research report segments the global automotive suspension system lubricants market by application (passenger cars and commercial vehicles) and by geographical regions (APAC, EMEA, and the Americas).
The APAC region led the market in 2017 with a market share of over 51%, followed by the Americas and EMEA respectively. The APAC region will continue to dominate the global market with the highest incremental growth during the forecast period.
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market definition
- Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
- Regional comparison
- Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at media@technavio.com.
