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Automobile Steering & Suspension Manufacturing in the US
IBISWorld, July 2011, Pages: 33
New direction: After a bumpy road, government initiatives and green endeavors will revive demand
Automobile Steering & Suspension Manufacturing in the US
Turning the right way
As domestic car production begins to steadily revive, demand for steering and suspension components will improve. Motor vehicle production will grow once inventory is moved and consumers start demanding cars again. Furthermore, car and light truck production will also be backed by government initiatives and green endeavors, which will positively affect industry demand.
Companies in this industry mainly manufacture and rebuild motor vehicle steering and suspension systems and components. These consist of steering wheels, shock absorbers, and struts, while spring manufacturing is not included in this industry.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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