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Motor Vehicle Steering and Suspension Components Market Report 2025

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    Report

  • 250 Pages
  • March 2025
  • Region: Global
  • The Business Research Company
  • ID: 5735243
The motor vehicle steering and suspension components market size has grown strongly in recent years. It will grow from $108.3 billion in 2024 to $118.54 billion in 2025 at a compound annual growth rate (CAGR) of 9.5%. The growth in the historic period can be attributed to manufacturing process refinement, rise in vehicle customization, market shift towards SUVs and trucks, steering mechanism innovations, advancements in shock absorbers.

The motor vehicle steering and suspension components market size is expected to see strong growth in the next few years. It will grow to $164.97 billion in 2029 at a compound annual growth rate (CAGR) of 8.6%. The growth in the forecast period can be attributed to aftermarket growth, global market penetration, environmental regulations, rising demand for vehicle comfort, adaptive and active suspension systems. Major trends in the forecast period include manufacturing process innovations, electric and autonomous vehicles, advanced materials integration, and enhanced safety standards, adaptive suspension systems.

The motor vehicle steering and suspension components market size is expected to see strong growth in the next few years. It will grow to $147.5 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%. Expected growth factors in the forecast period include aftermarket expansion, global market reach, environmental compliance, heightened demand for vehicle comfort, and the rise of adaptive and active suspension systems. Major trends include manufacturing process innovations, electric/autonomous vehicles, advanced materials integration, improved safety standards, and the prevalence of adaptive suspension systems.

The expansion of the motor vehicle steering and suspension components market (excluding springs) is positively influenced by the substandard quality of road infrastructure. These components play a crucial role in maintaining the stability of motor vehicles, especially on poorly maintained roads with potholes and uneven surfaces. The detrimental impact of rough road conditions leads to increased wear and tear on steering and suspension components, elevating the risk of accidents. In India, where approximately 30 percent of the population lacks access to well-maintained roads, the absence of standardized road maintenance practices contributes to an increased demand for motor vehicle steering and suspension components.

Anticipated growth in the automotive industry is set to drive the expansion of the motor vehicle steering system and suspension components market. The automotive industry, encompassing the design, development, manufacturing, marketing, and sales of motor vehicles, relies heavily on essential components such as steering and suspension systems for optimal vehicle functionality and safety. Recent technological advancements, such as those in electric vehicles, autonomous driving, and digital sales channels, are reshaping the industry's landscape. A July 2023 article from Economic Times highlights significant progress in these areas, emphasizing safety measures and projecting the electric vehicle market in India to reach a potential worth of $206 billion by 2030. Consequently, the growth of the automotive industry is instrumental in propelling the motor vehicle steering and suspension components market forward.

The prevailing trend in the automotive industry involves the adoption of suspension systems featuring the innovative magnetic ride control (MRC or MagneRide) technology pioneered by General Motors (GM). This technology, utilizing magnetic dampers, enhances suspension system performance, delivering a seamless driving experience. The system employs a fluid infused with magnetized particles that serve as electronically-controlled shock absorbers. These absorbers respond dynamically to fluctuating driving conditions and speeds in real-time, allowing them to adapt to changing terrains. Paired with automobile sensors, these absorbers react to terrain variations every five milliseconds, providing a sophisticated and responsive suspension system.

Major players in the motor vehicle steering and suspension components market are strategically introducing groundbreaking steering and suspension components, such as the Adaptive Air Suspension System and Active Rear Steering system, to establish a competitive advantage. The Adaptive Air Suspension System, featured in the Cadillac CELESTIQ model by General Motors, replaces traditional coiled springs with an air suspension system, delivering a softer and more isolated ride, thereby enhancing overall ride quality. Simultaneously, the Active Rear Steering system in the CELESTIQ model offers a maximum of 3.5 degrees of out-of-phase rear steering. This means that the rear wheels turn in the opposite direction of the front wheels at low speeds, improving maneuverability. At higher speeds, the rear wheels align in-phase with the front wheels, contributing to stability and control. The launch of these advanced systems in October 2023 demonstrates General Motors' commitment to innovation and staying at the forefront of technological advancements in the motor vehicle steering and suspension components market.

In April 2023, Lear Corporation, a prominent US-based global automotive technology leader specializing in Seating and E-Systems, successfully completed the acquisition of I.G. Bauerhin (IGB) for an undisclosed sum. This strategic move is designed to augment Lear Corporation's portfolio of in-vehicle comfort technologies, which encompasses vehicle steering and suspension components, as well as other essential elements across various vehicle types. I.G. Bauerhin (IGB), a Poland-based manufacturer and supplier, contributes expertise in components and materials for vehicle interiors, including steering wheel heaters and sensors, seat heaters, electronic modules, and various other components.

Major companies operating in the motor vehicle steering and suspension components market include Hyundai Motor Company, Robert Bosch GmbH, Denso Corporation, ZF Friedrichshafen AG, Continental Automotive Systems Corporation, Thyssen Krupp AG, Magna International Inc., Aisin Group, Tenneco Inc., BENTELER International AG, Knorr-Bremse AG, Nsk Steering Systems America Inc., Hella KGaA Hueck & Co., Nexteer Automotive Group Ltd., Fox Factory Holding Corp., KYB Americas Corporation, YAMADA North America Inc., Asama Coldwater Manufacturing, Global Steering Systems LLC, Hutchinson Aerospace & Industry Inc., Maval Industries LLC, San-Ei Seiko America Inc., Showa Corporation, Atsco Remanufacturing Inc., Breed Corporation.

The motor vehicle steering system, comprising various parts and linkages, facilitates the driver in directing the vehicle. Meanwhile, the suspension system aids in maintaining control while minimizing passenger discomfort due to road-induced vibrations.

Primary types in motor vehicle steering and suspension components encompass steering and suspension components. Steering components involve a system of linkages enabling the vehicle to follow its intended course. These components find applications in both commercial vehicles and passenger cars, catering to Original Equipment Manufacturers (OEMs) and the aftermarket.

The motor vehicle steering and suspension components market research report is one of a series of new reports that provides motor vehicle steering and suspension components market statistics, including motor vehicle steering and suspension components industry global market size, regional shares, competitors with a motor vehicle steering and suspension components market share, detailed motor vehicle steering and suspension components market segments, motor vehicle steering and suspension components market trends and opportunities, and any further data you may need to thrive in the motor vehicle steering and suspension components industry. This motor vehicle steering and suspension components market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.

Asia-Pacific was the largest region in the motor vehicle steering and suspension component market in 2024. Western Europe was the second largest market in global motor vehicle steering and suspension component market share. The regions covered in the motor vehicle steering and suspension components market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the motor vehicle steering and suspension components market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The motor vehicle steering, and suspension components market consist of sales of steering systems, wheels and tires, springs, shock absorbers and struts, linkages, bushings, bearings, and joints. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

This product will be delivered within 3-5 business days.

Table of Contents

1. Executive Summary2. Motor Vehicle Steering and Suspension Components Market Characteristics3. Motor Vehicle Steering and Suspension Components Market Trends and Strategies4. Motor Vehicle Steering and Suspension Components Market - Macro Economic Scenario Macro Economic Scenario Including the Impact of Interest Rates, Inflation, Geopolitics and Covid and Recovery on the Market
5. Global Motor Vehicle Steering and Suspension Components Growth Analysis and Strategic Analysis Framework
5.1. Global Motor Vehicle Steering and Suspension Components PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)
5.2. Analysis of End Use Industries
5.3. Global Motor Vehicle Steering and Suspension Components Market Growth Rate Analysis
5.4. Global Motor Vehicle Steering and Suspension Components Historic Market Size and Growth, 2019-2024, Value ($ Billion)
5.5. Global Motor Vehicle Steering and Suspension Components Forecast Market Size and Growth, 2024-2029, 2034F, Value ($ Billion)
5.6. Global Motor Vehicle Steering and Suspension Components Total Addressable Market (TAM)
6. Motor Vehicle Steering and Suspension Components Market Segmentation
6.1. Global Motor Vehicle Steering and Suspension Components Market, Segmentation by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Steering Components
  • Suspension Components
6.2. Global Motor Vehicle Steering and Suspension Components Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Commercial Vehicle
  • Passenger Car
6.3. Global Motor Vehicle Steering and Suspension Components Market, Segmentation by End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • OEM
  • Aftermarket
6.4. Global Motor Vehicle Steering and Suspension Components Market, Sub-Segmentation of Steering Components, by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Steering Gearboxes
  • Steering Columns
  • Power Steering Pumps
  • Tie Rods
  • Steering Knuckles
6.5. Global Motor Vehicle Steering and Suspension Components Market, Sub-Segmentation of Suspension Components, by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Control Arms
  • Shock Absorbers
  • Ball Joints
  • Stabilizer Bars
  • Bushings
7. Motor Vehicle Steering and Suspension Components Market Regional and Country Analysis
7.1. Global Motor Vehicle Steering and Suspension Components Market, Split by Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
7.2. Global Motor Vehicle Steering and Suspension Components Market, Split by Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
8. Asia-Pacific Motor Vehicle Steering and Suspension Components Market
8.1. Asia-Pacific Motor Vehicle Steering and Suspension Components Market Overview
  • Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Motor Vehicle Steering and Suspension Components Market, Segmentation by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
8.3. Asia-Pacific Motor Vehicle Steering and Suspension Components Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
8.4. Asia-Pacific Motor Vehicle Steering and Suspension Components Market, Segmentation by End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
9. China Motor Vehicle Steering and Suspension Components Market
9.1. China Motor Vehicle Steering and Suspension Components Market Overview
9.2. China Motor Vehicle Steering and Suspension Components Market, Segmentation by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
9.3. China Motor Vehicle Steering and Suspension Components Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
9.4. China Motor Vehicle Steering and Suspension Components Market, Segmentation by End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
10. India Motor Vehicle Steering and Suspension Components Market
10.1. India Motor Vehicle Steering and Suspension Components Market, Segmentation by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
10.2. India Motor Vehicle Steering and Suspension Components Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
10.3. India Motor Vehicle Steering and Suspension Components Market, Segmentation by End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
11. Japan Motor Vehicle Steering and Suspension Components Market
11.1. Japan Motor Vehicle Steering and Suspension Components Market Overview
11.2. Japan Motor Vehicle Steering and Suspension Components Market, Segmentation by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
11.3. Japan Motor Vehicle Steering and Suspension Components Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
11.4. Japan Motor Vehicle Steering and Suspension Components Market, Segmentation by End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
12. Australia Motor Vehicle Steering and Suspension Components Market
12.1. Australia Motor Vehicle Steering and Suspension Components Market, Segmentation by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
12.2. Australia Motor Vehicle Steering and Suspension Components Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
12.3. Australia Motor Vehicle Steering and Suspension Components Market, Segmentation by End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
13. Indonesia Motor Vehicle Steering and Suspension Components Market
13.1. Indonesia Motor Vehicle Steering and Suspension Components Market, Segmentation by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
13.2. Indonesia Motor Vehicle Steering and Suspension Components Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
13.3. Indonesia Motor Vehicle Steering and Suspension Components Market, Segmentation by End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
14. South Korea Motor Vehicle Steering and Suspension Components Market
14.1. South Korea Motor Vehicle Steering and Suspension Components Market Overview
14.2. South Korea Motor Vehicle Steering and Suspension Components Market, Segmentation by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
14.3. South Korea Motor Vehicle Steering and Suspension Components Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
14.4. South Korea Motor Vehicle Steering and Suspension Components Market, Segmentation by End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
15. Western Europe Motor Vehicle Steering and Suspension Components Market
15.1. Western Europe Motor Vehicle Steering and Suspension Components Market Overview
15.2. Western Europe Motor Vehicle Steering and Suspension Components Market, Segmentation by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
15.3. Western Europe Motor Vehicle Steering and Suspension Components Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
15.4. Western Europe Motor Vehicle Steering and Suspension Components Market, Segmentation by End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
16. UK Motor Vehicle Steering and Suspension Components Market
16.1. UK Motor Vehicle Steering and Suspension Components Market, Segmentation by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
16.2. UK Motor Vehicle Steering and Suspension Components Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
16.3. UK Motor Vehicle Steering and Suspension Components Market, Segmentation by End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
17. Germany Motor Vehicle Steering and Suspension Components Market
17.1. Germany Motor Vehicle Steering and Suspension Components Market, Segmentation by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
17.2. Germany Motor Vehicle Steering and Suspension Components Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
17.3. Germany Motor Vehicle Steering and Suspension Components Market, Segmentation by End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
18. France Motor Vehicle Steering and Suspension Components Market
18.1. France Motor Vehicle Steering and Suspension Components Market, Segmentation by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
18.2. France Motor Vehicle Steering and Suspension Components Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
18.3. France Motor Vehicle Steering and Suspension Components Market, Segmentation by End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
19. Italy Motor Vehicle Steering and Suspension Components Market
19.1. Italy Motor Vehicle Steering and Suspension Components Market, Segmentation by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
19.2. Italy Motor Vehicle Steering and Suspension Components Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
19.3. Italy Motor Vehicle Steering and Suspension Components Market, Segmentation by End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
20. Spain Motor Vehicle Steering and Suspension Components Market
20.1. Spain Motor Vehicle Steering and Suspension Components Market, Segmentation by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
20.2. Spain Motor Vehicle Steering and Suspension Components Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
20.3. Spain Motor Vehicle Steering and Suspension Components Market, Segmentation by End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
21. Eastern Europe Motor Vehicle Steering and Suspension Components Market
21.1. Eastern Europe Motor Vehicle Steering and Suspension Components Market Overview
21.2. Eastern Europe Motor Vehicle Steering and Suspension Components Market, Segmentation by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
21.3. Eastern Europe Motor Vehicle Steering and Suspension Components Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
21.4. Eastern Europe Motor Vehicle Steering and Suspension Components Market, Segmentation by End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
22. Russia Motor Vehicle Steering and Suspension Components Market
22.1. Russia Motor Vehicle Steering and Suspension Components Market, Segmentation by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
22.2. Russia Motor Vehicle Steering and Suspension Components Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
22.3. Russia Motor Vehicle Steering and Suspension Components Market, Segmentation by End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
23. North America Motor Vehicle Steering and Suspension Components Market
23.1. North America Motor Vehicle Steering and Suspension Components Market Overview
23.2. North America Motor Vehicle Steering and Suspension Components Market, Segmentation by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
23.3. North America Motor Vehicle Steering and Suspension Components Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
23.4. North America Motor Vehicle Steering and Suspension Components Market, Segmentation by End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
24. USA Motor Vehicle Steering and Suspension Components Market
24.1. USA Motor Vehicle Steering and Suspension Components Market Overview
24.2. USA Motor Vehicle Steering and Suspension Components Market, Segmentation by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
24.3. USA Motor Vehicle Steering and Suspension Components Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
24.4. USA Motor Vehicle Steering and Suspension Components Market, Segmentation by End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
25. Canada Motor Vehicle Steering and Suspension Components Market
25.1. Canada Motor Vehicle Steering and Suspension Components Market Overview
25.2. Canada Motor Vehicle Steering and Suspension Components Market, Segmentation by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
25.3. Canada Motor Vehicle Steering and Suspension Components Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
25.4. Canada Motor Vehicle Steering and Suspension Components Market, Segmentation by End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
26. South America Motor Vehicle Steering and Suspension Components Market
26.1. South America Motor Vehicle Steering and Suspension Components Market Overview
26.2. South America Motor Vehicle Steering and Suspension Components Market, Segmentation by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
26.3. South America Motor Vehicle Steering and Suspension Components Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
26.4. South America Motor Vehicle Steering and Suspension Components Market, Segmentation by End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
27. Brazil Motor Vehicle Steering and Suspension Components Market
27.1. Brazil Motor Vehicle Steering and Suspension Components Market, Segmentation by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
27.2. Brazil Motor Vehicle Steering and Suspension Components Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
27.3. Brazil Motor Vehicle Steering and Suspension Components Market, Segmentation by End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
28. Middle East Motor Vehicle Steering and Suspension Components Market
28.1. Middle East Motor Vehicle Steering and Suspension Components Market Overview
28.2. Middle East Motor Vehicle Steering and Suspension Components Market, Segmentation by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
28.3. Middle East Motor Vehicle Steering and Suspension Components Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
28.4. Middle East Motor Vehicle Steering and Suspension Components Market, Segmentation by End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
29. Africa Motor Vehicle Steering and Suspension Components Market
29.1. Africa Motor Vehicle Steering and Suspension Components Market Overview
29.2. Africa Motor Vehicle Steering and Suspension Components Market, Segmentation by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
29.3. Africa Motor Vehicle Steering and Suspension Components Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
29.4. Africa Motor Vehicle Steering and Suspension Components Market, Segmentation by End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
30. Motor Vehicle Steering and Suspension Components Market Competitive Landscape and Company Profiles
30.1. Motor Vehicle Steering and Suspension Components Market Competitive Landscape
30.2. Motor Vehicle Steering and Suspension Components Market Company Profiles
30.2.1. Hyundai Motor Company Overview, Products and Services, Strategy and Financial Analysis
30.2.2. Robert Bosch GmbH Overview, Products and Services, Strategy and Financial Analysis
30.2.3. Denso Corporation Overview, Products and Services, Strategy and Financial Analysis
30.2.4. ZF Friedrichshafen AG Overview, Products and Services, Strategy and Financial Analysis
30.2.5. Continental Automotive Systems Corporation Overview, Products and Services, Strategy and Financial Analysis
31. Motor Vehicle Steering and Suspension Components Market Other Major and Innovative Companies
31.1. Thyssen Krupp AG
31.2. Magna International Inc.
31.3. Aisin Group
31.4. Tenneco Inc.
31.5. BENTELER International AG
31.6. Knorr-Bremse AG
31.7. Nsk Steering Systems America Inc.
31.8. Hella KGaA Hueck & Co.
31.9. Nexteer Automotive Group Ltd.
31.10. Fox Factory Holding Corp.
31.11. KYB Americas Corporation
31.12. YAMADA North America Inc.
31.13. Asama Coldwater Manufacturing
31.14. Global Steering Systems LLC
31.15. Hutchinson Aerospace & Industry Inc.
32. Global Motor Vehicle Steering and Suspension Components Market Competitive Benchmarking and Dashboard33. Key Mergers and Acquisitions in the Motor Vehicle Steering and Suspension Components Market34. Recent Developments in the Motor Vehicle Steering and Suspension Components Market
35. Motor Vehicle Steering and Suspension Components Market High Potential Countries, Segments and Strategies
35.1 Motor Vehicle Steering and Suspension Components Market in 2029 - Countries Offering Most New Opportunities
35.2 Motor Vehicle Steering and Suspension Components Market in 2029 - Segments Offering Most New Opportunities
35.3 Motor Vehicle Steering and Suspension Components Market in 2029 - Growth Strategies
35.3.1 Market Trend-based Strategies
35.3.2 Competitor Strategies
36. Appendix
36.1. Abbreviations
36.2. Currencies
36.3. Historic and Forecast Inflation Rates
36.4. Research Inquiries
36.5. About the Analyst
36.6. Copyright and Disclaimer

Executive Summary

Motor Vehicle Steering and Suspension Components Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on motor vehicle steering and suspension components market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase:

  • Gain a truly global perspective with the most comprehensive report available on this market covering 15 geographies.
  • Assess the impact of key macro factors such as conflict, pandemic and recovery, inflation and interest rate environment and the 2nd Trump presidency.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis
  • Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.

Description

Where is the largest and fastest growing market for motor vehicle steering and suspension components? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The motor vehicle steering and suspension components market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
  • The forecasts are made after considering the major factors currently impacting the market. These include:
  • The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
  • Market segmentations break down the market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

1) By Type: Steering Components; Suspension Components
2) By Application: Commercial Vehicle; Passenger Car
3) By End Use: OEM; Aftermarket

Subsegments:

1) By Steering Components: Steering Gearboxes; Steering Columns; Power Steering Pumps; Tie Rods; Steering Knuckles
2) By Suspension Components: Control Arms; Shock Absorbers; Ball Joints; Stabilizer Bars; Bushings

Key Companies Mentioned: Hyundai Motor Company; Robert Bosch GmbH; Denso Corporation; ZF Friedrichshafen AG; Continental Automotive Systems Corporation

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time Series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.

Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Delivery Format: PDF, Word and Excel Data Dashboard.

Companies Mentioned

  • Hyundai Motor Company
  • Robert Bosch GmbH
  • Denso Corporation
  • ZF Friedrichshafen AG
  • Continental Automotive Systems Corporation
  • Thyssen Krupp AG
  • Magna International Inc.
  • Aisin Group
  • Tenneco Inc.
  • BENTELER International AG
  • Knorr-Bremse AG
  • Nsk Steering Systems America Inc.
  • Hella KGaA Hueck & Co.
  • Nexteer Automotive Group Ltd.
  • Fox Factory Holding Corp.
  • KYB Americas Corporation
  • YAMADA North America Inc.
  • Asama Coldwater Manufacturing
  • Global Steering Systems LLC
  • Hutchinson Aerospace & Industry Inc.
  • Maval Industries LLC
  • San-Ei Seiko America Inc.
  • Showa Corporation
  • Atsco Remanufacturing Inc.
  • Breed Corporation

Table Information