Steering and Suspension Part Trends and Forecast
The future of the global steering and suspension part market looks promising with opportunities in the passenger car, commercial vehicle, off-road vehicle, and two-wheeler markets. The global steering and suspension part market is expected to grow with a CAGR of 8.7% from 2024 to 2030. The major drivers for this market are rising interest in high-end and powerful vehicles, growing consumer discretionary income in emerging economies, and developments in steering and suspension systems technology.Steering and Suspension Part by Segment
The study includes a forecast for the global steering and suspension part by type, technology, application, and region.Steering and Suspension Part Market by Type [Shipment Analysis by Value from 2018 to 2030]
- Non-Independent Suspension
- Composite Rear Suspension
- Independent Suspension
- Semi-Independent Suspension
Steering and Suspension Part Market by Technology [Shipment Analysis by Value from 2018 to 2030]
- Hydraulic
- Air Suspension
- Electromagnetic
Steering and Suspension Part Market by Application [Shipment Analysis by Value from 2018 to 2030]
- Passenger Car
- Commercial Vehicle
- Off-Road Vehicle
- Two-Wheeler
- Others
Steering and Suspension Part Market by Region [Shipment Analysis by Value from 2018 to 2030]
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Steering and Suspension Part Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies steering and suspension part companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the steering and suspension part companies profiled in this report include-- Arvinmeritor
- Cardone Industries
- Dana Holding
- Delphi
- Denso
- Federal-Mogul
- Fenwick Automotive Products
- JTEKT
- SKD Automotive
- Tenneco
Steering and Suspension Part Market Insights
The publisher forecasts that hydraulic will remain the largest segment over the forecast period.APAC will remain the largest region over the forecast period due to increasing demand in China, India, South Korea, Japan, and Taiwan for passenger automobiles and commercial vehicles, rapid urbanization and industrialization across the countries.
Features of the Global Steering and Suspension Part Market
- Market Size Estimates: Steering and suspension part market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Steering and suspension part market size by type, technology, application, and region in terms of value ($B).
- Regional Analysis: Steering and suspension part market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different type, technology, application, and regions for the steering and suspension part market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the steering and suspension part market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the steering and suspension part market size?Answer: The global steering and suspension part market is expected to reach an estimated $XX billion by 2030.
Q2. What is the growth forecast for steering and suspension part market?
Answer: The global steering and suspension part market is expected to grow with a CAGR of 8.7% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the steering and suspension part market?
Answer: The major drivers for this market are rising interest in high-end and powerful vehicles, growing consumer discretionary income in emerging economies, and developments in steering and suspension systems technology.
Q4. What are the major segments for steering and suspension part market?
Answer: The future of the global steering and suspension part market looks promising with opportunities in the passenger car, commercial vehicle, off-road vehicle, and two-wheeler markets.
Q5. Who are the key steering and suspension part market companies?
Answer: Some of the key steering and suspension part companies are as follows:
- Arvinmeritor
- Cardone Industries
- Dana Holding
- Delphi
- Denso
- Federal-Mogul
- Fenwick Automotive Products
- JTEKT
- SKD Automotive
- Tenneco
Answer: The publisher forecasts that hydraulic will remain the largest segment over the forecast period.
Q7. In steering and suspension part market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to increasing demand in China, India, South Korea, Japan, and Taiwan for passenger automobiles and commercial vehicles, rapid urbanization and industrialization across the countries.
Q.8 Do we receive customization in this report?
Answer: Yes,the publisher provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the steering and suspension part market by type (non-independent suspension, composite rear suspension, independent suspension, and semi-independent suspension), technology (hydraulic, air suspension, and electromagnetic), application (passenger car, commercial vehicle, off-road vehicle, two-wheeler, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
This product will be delivered within 1-3 business days.
Table of Contents
1. Executive Summary
2. Global Steering and Suspension Part Market: Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned
- Arvinmeritor
- Cardone Industries
- Dana Holding
- Delphi
- Denso
- Federal-Mogul
- Fenwick Automotive Products
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
LOADING...
