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Motor Vehicle Steering and Suspension Components (except Spring) Market Report 2025

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    Report

  • 175 Pages
  • April 2025
  • Region: Global
  • The Business Research Company
  • ID: 5735243
This Motor Vehicle Steering and Suspension Components (except Spring) market report provides a comprehensive analysis of the market’s characteristics, size, and growth, including segmentation, regional and country-level breakdowns, competitive landscape, market shares, trends, and strategies. It also tracks historical and forecasted market growth across various geographies.

The motor vehicle steering and suspension components (except spring) 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 automobile mass production, road infrastructure development, innovations in steering and suspension systems, automotive safety regulations.

The motor vehicle steering and suspension components (except spring) 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 electric and autonomous vehicles, lightweight materials, enhanced driver assistance systems (adas), ride comfort and handling, global urbanization. Major trends in the forecast period include electric power steering (eps), adaptive suspension systems, air suspension systems, enhanced durability and longevity, environmentally friendly materials.

The growth of the motor vehicle steering and suspension components (except spring) market is notably influenced by the poor quality of roads. These components play a pivotal role in maintaining the stability of motor vehicles, particularly on rough and uneven road surfaces. The wear and tear induced by potholes and inadequate road conditions contribute to the deterioration of steering and suspension components, subsequently elevating the risk of accidents. As per data from the U.S. National Transportation Research Group (TRIP), approximately 71% of roads in the San Francisco-Oakland area were in poor condition, resulting in an average annual cost of $1,049 for drivers in vehicle operating expenses. The absence of standardized road maintenance leading to rough roads with potholes fuels the demand for the motor vehicle steering and suspension components (except spring) market.

Anticipated growth in new vehicle sales stands as a significant driver propelling the motor vehicle steering and suspension components (except spring) market. These components are integral in ensuring precise control over vehicle direction and maintaining tire-road contact for optimal ride comfort and stability. Recent statistics from MarkLines Co, a Japan-based advertising agency company, highlight the surge in US new vehicle sales, reaching 1,340,921 units in September 2023, reflecting a substantial 19.3% increase compared to the figures from September 2022. This rise in new vehicle sales significantly fuels the growth of the motor vehicle steering and suspension components market.

The latest industry trend revolves around the implementation of cutting-edge suspension systems featuring the newly developed Magnetic Ride Control (MRC or MagneRide) technology pioneered by General Motors (GM). This innovative magnetic damper technology significantly enhances the suspension system's performance, providing a smoother and more refined driving experience. The MRC employs a specialized fluid infused with magnetized particles, functioning as electronically controlled shock absorbers that adapt to real-time changes in driving conditions and speed. These shock absorbers dynamically respond to varying terrain, synchronizing with automobile sensors every five milliseconds. Cadillac, in line with this technological wave initiated by General Motors, integrated the latest magnetorheological fluid technology into its new models, the 2022 CT4-V Blackwing and CT5-V Blackwing. This incorporation aims to offer the fastest reactive suspension technology, delivering a seamless driving experience in vehicles.

Major players within the motor vehicle steering and suspension components (except spring) market are rolling out advanced suspension systems like the BYD DiSus Intelligent Body Control System to introduce top-tier products that compete with luxury car brands. The BYD DiSus Intelligent Body Control System represents a chassis suspension system engineered to mirror the features and performance found in high-end suspension systems typically present in premium vehicles. In April 2023, BYD Co. Ltd., a China-based company specializing in rechargeable batteries and photovoltaic products, unveiled the BYD DiSus Intelligent Body Control System, akin to renowned chassis suspension systems such as Porsche's Dynamic Chassis Control and Mercedes Benz's Magic Body Control.

In January 2023, RENK Group, a Germany-based manufacturer specializing in propulsion and drivetrain technology, made a strategic acquisition of General Kinetics for an undisclosed sum. This acquisition aims to bolster RENK Group's global presence within the defense mobility sector by leveraging combined expertise and cutting-edge technologies for enhanced military vehicle solutions. General Kinetics, a Canada-based company, specializes in designing and manufacturing suspension equipment primarily tailored for heavy ground vehicles. RENK Group's move signifies a strategic step toward advancing technological capabilities and expanding its market share in defense mobility through synergistic collaboration and innovative solutions.

The motor vehicle steering system comprises various components and linkages that enable a driver to control the direction of a vehicle. Conversely, a motor vehicle's suspension system aids the driver in maintaining complete control of the vehicle while isolating passengers from the vibrations caused by the vehicle's interaction with the contours of the road.

The primary product categories within the motor vehicle steering and suspension sector encompass steering components and suspension components. Steering components serve to support and protect the driver during their operation of the vehicle. These systems find applications in a variety of vehicles, including commercial vehicles and passenger cars. Both OEM (Original Equipment Manufacturer) and aftermarket steering and suspension systems are utilized in the automotive industry to ensure the safe and efficient operation of vehicles.

The motor vehicle steering and suspension components (except spring) market research report is one of a series of new reports that provides motor vehicle steering and suspension components (except spring) market statistics, including motor vehicle steering and suspension components (except spring) industry global market size, regional shares, competitors with a motor vehicle steering and suspension components (except spring) market share, detailed motor vehicle steering and suspension components (except spring) market segments, market trends and opportunities, and any further data you may need to thrive in the motor vehicle steering and suspension components (except spring) industry. This motor vehicle steering and suspension components (except spring) 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.

Major companies operating in the motor vehicle steering and suspension components (except spring) market include Bosch Limited, Hyundai Motor Company, Tenneco Inc., Denso Corporation, Hella GmbH & Co. KGaA, JTEKT Corporation, Knorr-Bremse AG, Nexteer Automotive Group Limited, thyssenkrupp AG, ZF Friedrichshafen AG, Magna International Inc., Aisin Seiki Co. Ltd., Continental Automotive Systems Inc., Asama Coldwater Manufacturing Inc., Global Steering Systems LLC, Maval Industries LLC, American Showa Inc., Atsco Remanufacturing Inc., KYB Americas Corporation, Raytech Powertrain LLC, NSK Americas Inc., San-Ei Seiko America Inc., Hutchinson Aerospace & Industry Inc., Yamada North America Inc., Fox Factory Holding Corp., NSK Steering Systems America Inc., Key Electronics of Nevada Inc., Key Safety Restraint Systems Inc., Reman Gotec Plus Sun LLC, Mevotech LP.

Asia-Pacific was the largest region in the motor vehicle steering and suspension components (except spring) market in 2024. Western Europe was the second largest region in the motor vehicle steering and suspension components (except spring) market. The regions covered in the motor vehicle steering and suspension components (except spring) 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 (except spring) 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 (except spring) market consists 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 (except Spring) Market Characteristics3. Motor Vehicle Steering and Suspension Components (except Spring) Market Trends and Strategies4. Motor Vehicle Steering and Suspension Components (except Spring) Market - Macro Economic Scenario Including the Impact of Interest Rates, Inflation, Geopolitics, and the Recovery from COVID-19 on the Market
5. Global Motor Vehicle Steering and Suspension Components (except Spring) Growth Analysis and Strategic Analysis Framework
5.1. Global Motor Vehicle Steering and Suspension Components (except Spring) 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 (except Spring) Market Growth Rate Analysis
5.4. Global Motor Vehicle Steering and Suspension Components (except Spring) Historic Market Size and Growth, 2019-2024, Value ($ Billion)
5.5. Global Motor Vehicle Steering and Suspension Components (except Spring) Forecast Market Size and Growth, 2024-2029, 2034F, Value ($ Billion)
5.6. Global Motor Vehicle Steering and Suspension Components (except Spring) Total Addressable Market (TAM)
6. Motor Vehicle Steering and Suspension Components (except Spring) Market Segmentation
6.1. Global Motor Vehicle Steering and Suspension Components (except Spring) 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 (except Spring) 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 (except Spring) Market, Segmentation by End user, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Original Equipment Manufacturer (OEM)
  • Aftermarket
6.4. Global Motor Vehicle Steering and Suspension Components (except Spring) Market, Sub-Segmentation of Steering Components, by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Steering Columns
  • Steering Racks
  • Steering Pumps
  • Steering Tie Rods
  • Steering Linkages
6.5. Global Motor Vehicle Steering and Suspension Components (except Spring) Market, Sub-Segmentation of Suspension Components, by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Shock Absorbers
  • Struts
  • Control Arms
  • Ball Joints
  • Bushings
  • Sway Bars
7. Motor Vehicle Steering and Suspension Components (except Spring) Market Regional and Country Analysis
7.1. Global Motor Vehicle Steering and Suspension Components (except Spring) Market, Split by Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
7.2. Global Motor Vehicle Steering and Suspension Components (except Spring) Market, Split by Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
8. Asia-Pacific Motor Vehicle Steering and Suspension Components (except Spring) Market
8.1. Asia-Pacific Motor Vehicle Steering and Suspension Components (except Spring) 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 (except Spring) Market, Segmentation by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
8.3. Asia-Pacific Motor Vehicle Steering and Suspension Components (except Spring) Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
8.4. Asia-Pacific Motor Vehicle Steering and Suspension Components (except Spring) Market, Segmentation by End user, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
9. China Motor Vehicle Steering and Suspension Components (except Spring) Market
9.1. China Motor Vehicle Steering and Suspension Components (except Spring) Market Overview
9.2. China Motor Vehicle Steering and Suspension Components (except Spring) Market, Segmentation by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
9.3. China Motor Vehicle Steering and Suspension Components (except Spring) Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
9.4. China Motor Vehicle Steering and Suspension Components (except Spring) Market, Segmentation by End user, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
10. India Motor Vehicle Steering and Suspension Components (except Spring) Market
10.1. India Motor Vehicle Steering and Suspension Components (except Spring) Market, Segmentation by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
10.2. India Motor Vehicle Steering and Suspension Components (except Spring) Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
10.3. India Motor Vehicle Steering and Suspension Components (except Spring) Market, Segmentation by End user, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
11. Japan Motor Vehicle Steering and Suspension Components (except Spring) Market
11.1. Japan Motor Vehicle Steering and Suspension Components (except Spring) Market Overview
11.2. Japan Motor Vehicle Steering and Suspension Components (except Spring) Market, Segmentation by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
11.3. Japan Motor Vehicle Steering and Suspension Components (except Spring) Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
11.4. Japan Motor Vehicle Steering and Suspension Components (except Spring) Market, Segmentation by End user, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
12. Australia Motor Vehicle Steering and Suspension Components (except Spring) Market
12.1. Australia Motor Vehicle Steering and Suspension Components (except Spring) Market, Segmentation by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
12.2. Australia Motor Vehicle Steering and Suspension Components (except Spring) Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
12.3. Australia Motor Vehicle Steering and Suspension Components (except Spring) Market, Segmentation by End user, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
13. Indonesia Motor Vehicle Steering and Suspension Components (except Spring) Market
13.1. Indonesia Motor Vehicle Steering and Suspension Components (except Spring) Market, Segmentation by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
13.2. Indonesia Motor Vehicle Steering and Suspension Components (except Spring) Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
13.3. Indonesia Motor Vehicle Steering and Suspension Components (except Spring) Market, Segmentation by End user, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
14. South Korea Motor Vehicle Steering and Suspension Components (except Spring) Market
14.1. South Korea Motor Vehicle Steering and Suspension Components (except Spring) Market Overview
14.2. South Korea Motor Vehicle Steering and Suspension Components (except Spring) Market, Segmentation by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
14.3. South Korea Motor Vehicle Steering and Suspension Components (except Spring) Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
14.4. South Korea Motor Vehicle Steering and Suspension Components (except Spring) Market, Segmentation by End user, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
15. Western Europe Motor Vehicle Steering and Suspension Components (except Spring) Market
15.1. Western Europe Motor Vehicle Steering and Suspension Components (except Spring) Market Overview
15.2. Western Europe Motor Vehicle Steering and Suspension Components (except Spring) Market, Segmentation by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
15.3. Western Europe Motor Vehicle Steering and Suspension Components (except Spring) Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
15.4. Western Europe Motor Vehicle Steering and Suspension Components (except Spring) Market, Segmentation by End user, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
16. UK Motor Vehicle Steering and Suspension Components (except Spring) Market
16.1. UK Motor Vehicle Steering and Suspension Components (except Spring) Market, Segmentation by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
16.2. UK Motor Vehicle Steering and Suspension Components (except Spring) Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
16.3. UK Motor Vehicle Steering and Suspension Components (except Spring) Market, Segmentation by End user, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
17. Germany Motor Vehicle Steering and Suspension Components (except Spring) Market
17.1. Germany Motor Vehicle Steering and Suspension Components (except Spring) Market, Segmentation by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
17.2. Germany Motor Vehicle Steering and Suspension Components (except Spring) Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
17.3. Germany Motor Vehicle Steering and Suspension Components (except Spring) Market, Segmentation by End user, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
18. France Motor Vehicle Steering and Suspension Components (except Spring) Market
18.1. France Motor Vehicle Steering and Suspension Components (except Spring) Market, Segmentation by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
18.2. France Motor Vehicle Steering and Suspension Components (except Spring) Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
18.3. France Motor Vehicle Steering and Suspension Components (except Spring) Market, Segmentation by End user, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
19. Italy Motor Vehicle Steering and Suspension Components (except Spring) Market
19.1. Italy Motor Vehicle Steering and Suspension Components (except Spring) Market, Segmentation by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
19.2. Italy Motor Vehicle Steering and Suspension Components (except Spring) Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
19.3. Italy Motor Vehicle Steering and Suspension Components (except Spring) Market, Segmentation by End user, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
20. Spain Motor Vehicle Steering and Suspension Components (except Spring) Market
20.1. Spain Motor Vehicle Steering and Suspension Components (except Spring) Market, Segmentation by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
20.2. Spain Motor Vehicle Steering and Suspension Components (except Spring) Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
20.3. Spain Motor Vehicle Steering and Suspension Components (except Spring) Market, Segmentation by End user, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
21. Eastern Europe Motor Vehicle Steering and Suspension Components (except Spring) Market
21.1. Eastern Europe Motor Vehicle Steering and Suspension Components (except Spring) Market Overview
21.2. Eastern Europe Motor Vehicle Steering and Suspension Components (except Spring) Market, Segmentation by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
21.3. Eastern Europe Motor Vehicle Steering and Suspension Components (except Spring) Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
21.4. Eastern Europe Motor Vehicle Steering and Suspension Components (except Spring) Market, Segmentation by End user, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
22. Russia Motor Vehicle Steering and Suspension Components (except Spring) Market
22.1. Russia Motor Vehicle Steering and Suspension Components (except Spring) Market, Segmentation by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
22.2. Russia Motor Vehicle Steering and Suspension Components (except Spring) Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
22.3. Russia Motor Vehicle Steering and Suspension Components (except Spring) Market, Segmentation by End user, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
23. North America Motor Vehicle Steering and Suspension Components (except Spring) Market
23.1. North America Motor Vehicle Steering and Suspension Components (except Spring) Market Overview
23.2. North America Motor Vehicle Steering and Suspension Components (except Spring) Market, Segmentation by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
23.3. North America Motor Vehicle Steering and Suspension Components (except Spring) Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
23.4. North America Motor Vehicle Steering and Suspension Components (except Spring) Market, Segmentation by End user, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
24. USA Motor Vehicle Steering and Suspension Components (except Spring) Market
24.1. USA Motor Vehicle Steering and Suspension Components (except Spring) Market Overview
24.2. USA Motor Vehicle Steering and Suspension Components (except Spring) Market, Segmentation by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
24.3. USA Motor Vehicle Steering and Suspension Components (except Spring) Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
24.4. USA Motor Vehicle Steering and Suspension Components (except Spring) Market, Segmentation by End user, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
25. Canada Motor Vehicle Steering and Suspension Components (except Spring) Market
25.1. Canada Motor Vehicle Steering and Suspension Components (except Spring) Market Overview
25.2. Canada Motor Vehicle Steering and Suspension Components (except Spring) Market, Segmentation by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
25.3. Canada Motor Vehicle Steering and Suspension Components (except Spring) Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
25.4. Canada Motor Vehicle Steering and Suspension Components (except Spring) Market, Segmentation by End user, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
26. South America Motor Vehicle Steering and Suspension Components (except Spring) Market
26.1. South America Motor Vehicle Steering and Suspension Components (except Spring) Market Overview
26.2. South America Motor Vehicle Steering and Suspension Components (except Spring) Market, Segmentation by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
26.3. South America Motor Vehicle Steering and Suspension Components (except Spring) Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
26.4. South America Motor Vehicle Steering and Suspension Components (except Spring) Market, Segmentation by End user, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
27. Brazil Motor Vehicle Steering and Suspension Components (except Spring) Market
27.1. Brazil Motor Vehicle Steering and Suspension Components (except Spring) Market, Segmentation by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
27.2. Brazil Motor Vehicle Steering and Suspension Components (except Spring) Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
27.3. Brazil Motor Vehicle Steering and Suspension Components (except Spring) Market, Segmentation by End user, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
28. Middle East Motor Vehicle Steering and Suspension Components (except Spring) Market
28.1. Middle East Motor Vehicle Steering and Suspension Components (except Spring) Market Overview
28.2. Middle East Motor Vehicle Steering and Suspension Components (except Spring) Market, Segmentation by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
28.3. Middle East Motor Vehicle Steering and Suspension Components (except Spring) Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
28.4. Middle East Motor Vehicle Steering and Suspension Components (except Spring) Market, Segmentation by End user, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
29. Africa Motor Vehicle Steering and Suspension Components (except Spring) Market
29.1. Africa Motor Vehicle Steering and Suspension Components (except Spring) Market Overview
29.2. Africa Motor Vehicle Steering and Suspension Components (except Spring) Market, Segmentation by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
29.3. Africa Motor Vehicle Steering and Suspension Components (except Spring) Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
29.4. Africa Motor Vehicle Steering and Suspension Components (except Spring) Market, Segmentation by End user, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
30. Motor Vehicle Steering and Suspension Components (except Spring) Market Competitive Landscape and Company Profiles
30.1. Motor Vehicle Steering and Suspension Components (except Spring) Market Competitive Landscape
30.2. Motor Vehicle Steering and Suspension Components (except Spring) Market Company Profiles
30.2.1. Bosch Limited Overview, Products and Services, Strategy and Financial Analysis
30.2.2. Hyundai Motor Company Overview, Products and Services, Strategy and Financial Analysis
30.2.3. Tenneco Inc. Overview, Products and Services, Strategy and Financial Analysis
30.2.4. Denso Corporation Overview, Products and Services, Strategy and Financial Analysis
30.2.5. Hella GmbH & Co. KGaA Overview, Products and Services, Strategy and Financial Analysis
31. Motor Vehicle Steering and Suspension Components (except Spring) Market Other Major and Innovative Companies
31.1. JTEKT Corporation
31.2. Knorr-Bremse AG
31.3. Nexteer Automotive Group Limited
31.4. thyssenkrupp AG
31.5. ZF Friedrichshafen AG
31.6. Magna International Inc.
31.7. Aisin Seiki Co. Ltd.
31.8. Continental Automotive Systems Inc.
31.9. Asama Coldwater Manufacturing Inc.
31.10. Global Steering Systems LLC
31.11. Maval Industries LLC
31.12. American Showa Inc.
31.13. Atsco Remanufacturing Inc.
31.14. KYB Americas Corporation
31.15. Raytech Powertrain LLC
32. Global Motor Vehicle Steering and Suspension Components (except Spring) Market Competitive Benchmarking and Dashboard33. Key Mergers and Acquisitions in the Motor Vehicle Steering and Suspension Components (except Spring) Market34. Recent Developments in the Motor Vehicle Steering and Suspension Components (except Spring) Market
35. Motor Vehicle Steering and Suspension Components (except Spring) Market High Potential Countries, Segments and Strategies
35.1 Motor Vehicle Steering and Suspension Components (except Spring) Market in 2029 - Countries Offering Most New Opportunities
35.2 Motor Vehicle Steering and Suspension Components (except Spring) Market in 2029 - Segments Offering Most New Opportunities
35.3 Motor Vehicle Steering and Suspension Components (except Spring) 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 (except Spring) 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 (except spring) 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.

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  • 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 (except spring) ? 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 (except spring) 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 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 Columns; Steering Racks; Steering Pumps; Steering Tie Rods; Steering Linkages
2) By Suspension Components: Shock Absorbers; Struts; Control Arms; Ball Joints; Bushings; Sway Bars

Key Companies Mentioned: Bosch Limited; Hyundai Motor Company; Tenneco Inc.; Denso Corporation; Hella GmbH & Co. KGaA

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

The major companies featured in this Motor Vehicle Steering and Suspension Components (except Spring) market report include:
  • Bosch Limited
  • Hyundai Motor Company
  • Tenneco Inc.
  • Denso Corporation
  • Hella GmbH & Co. KGaA
  • JTEKT Corporation
  • Knorr-Bremse AG
  • Nexteer Automotive Group Limited
  • thyssenkrupp AG
  • ZF Friedrichshafen AG
  • Magna International Inc.
  • Aisin Seiki Co. Ltd.
  • Continental Automotive Systems Inc.
  • Asama Coldwater Manufacturing Inc.
  • Global Steering Systems LLC
  • Maval Industries LLC
  • American Showa Inc.
  • Atsco Remanufacturing Inc.
  • KYB Americas Corporation
  • Raytech Powertrain LLC
  • NSK Americas Inc.
  • San-Ei Seiko America Inc.
  • Hutchinson Aerospace & Industry Inc.
  • Yamada North America Inc.
  • Fox Factory Holding Corp.
  • NSK Steering Systems America Inc.
  • Key Electronics of Nevada Inc.
  • Key Safety Restraint Systems Inc.
  • Reman Gotec Plus Sun LLC
  • Mevotech LP

Table Information