U.S. Takes the Lead While Germany and Japan Follow in Magnetic Ride Control Market

 U.S., Germany and Japan are the major demand hubs within the $7.2 billion Magnetic Ride Control market and expected to grow with CAGR ranging from 11.9% to 15.8% for the period of 2025 and 2030. Moreover, the key opportunities, such as expansion into ev segment, technological advancements in magnetic ride control and partnership with luxury automotive brands, are anticipated to create opportunistic revenue pockets.

 

The Magnetic Ride Control market is intensely competitive in few application areas. Leading players such as General Motors Company, BWI Group, Audi AG, Ferrari NV, Lord Corporation, Land Rover, Porsche AG, Hitachi Automotive Systems Ltd., Tenneco Inc., Bosch Rexroth AG, Mando Corporation and ZF Friedrichshafen AG are pushing the boundaries of innovation & technological advancements and forging strategic partnerships.

 

Check detailed insights here - https://datastringconsulting.com/industry-analysis/magnetic-ride-control-market-research-report

 

Research Study analyse the new revenue pockets, emerging markets, competition landscape, opportunities & niche insights for Technology (Twin tube, Mono tube), Vehicle Type (Commercial Vehicles, Passenger Cars, Performance Vehicles) and Application (Ride Comfort, Handling & Safety, Off road Performance, Others).

 

Industry transition and its impact

 

Industry transition including advent of autonomous vehicles and the surge in electric vehicle industry, are transforming the supply chain of Magnetic Ride Control market. The electric car sectors dedication to eco transportation choices has triggered a significant shift towards magnetic ride control technology once again. The improvements in the ride experience made possible by ride control are seen as a crucial aspect for electric vehicles. The absence of engine noise in these cars places an emphasis, on achieving a comfortable ride experience by prioritizing efficient suspension systems. Therefore the increase in the manufacturing and need, for vehicles has expanded the possibilities for using magnetic ride control technology.

 

About DataString Consulting

 

DataString Consulting offers complete range of market research and business intelligence solutions for both B2C and B2B markets all under one roof. DataString’s leadership team has more than 30 years of combined experience in Market & business research and strategy advisory across the world. Our Industry experts and data aggregators continuously track & monitor high growth segments within more than 15 industries and 60 sub-industries.

 

DataString Consulting is a professional market research company which aims at providing all the market & business research solutions under one roof. Get the right insights for your goals with our unique approach to market research and precisely tailored solutions. We offer services in strategy consulting, comprehensive opportunity assessment across various sectors, and solution-oriented approaches to solve business problems.

 

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