+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

PRINTER FRIENDLY

Motor Vehicle Steering and Suspension Components Global Market Report 2020

  • ID: 5008967
  • Report
  • March 2020
  • Region: Global
  • 200 pages
  • The Business Research Company
1 of 5

Enquire about COVID-19 updates for this product.

Enquire Now

FEATURED COMPANIES

  • Aisin Group
  • Denso
  • Hyundai
  • KYB Americas Corporation
  • NSK Americas
  • Tennaco
  • MORE
Motor Vehicle Steering and Suspension Components (except Spring) Global Market Report 2020 from the publisher provides the strategists, marketers and senior management with the critical information they need to assess the global motor vehicle steering and suspension components (except spring) market market.

Reasons to Purchase
  • Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
  • 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 research findings.
  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis
Description:

Where is the largest and fastest growing market for the motor vehicle steering and suspension components (except spring) market? 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 market global report from the publisher 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. It places the market within the context of the wider motor vehicle steering and suspension components (except spring) market market, and compares it with other markets.
  • 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 the future. Drivers and restraints looks at the external factors supporting and controlling the growth of the market.
  • Market segmentations break down 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 all the regions, key developed countries and major emerging markets. It draws comparisons with country populations and economies to understand the importance of the market by country and how this is changing.
  • Competitive landscape 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 highlights the likely future developments in the market and suggests approaches companies can take to exploit this.
  • The motor vehicle steering and suspension components (except spring) market market section of the report gives context. It compares the motor vehicle steering and suspension components (except spring) market market with other segments of the motor vehicle steering and suspension components (except spring) market market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, motor vehicle steering and suspension components (except spring) market indicators comparison.
Scope

Markets Covered: 1) By Type: Steering components; Suspension components; 2) By Application: Commercial Vehicle; Passenger Car

Companies Mentioned: Bosch; Hyundai; Tennaco; Denso; Hella

Countries: Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA and Australia

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

Time series: Five years historic and forecast.

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

Data segmentations: 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.

This report will be delivered within 1-3 business days.
Note: Product cover images may vary from those shown
2 of 5

FEATURED COMPANIES

  • Aisin Group
  • Denso
  • Hyundai
  • KYB Americas Corporation
  • NSK Americas
  • Tennaco
  • MORE
1. Executive Summary

2. Motor Vehicle Steering and Suspension Components Market Characteristics

3. Motor Vehicle Steering and Suspension Components Market Size and Growth
3.1. Global Motor Vehicle Steering and Suspension Components Historic Market, 2015 - 2019, $ Billion
3.1.1. Drivers of the Market
3.1.2. Restraints on the Market
3.2. Global Motor Vehicle Steering and Suspension Components Forecast Market, 2019 - 2023F, 2025F, 2030F, $ Billion
3.2.1. Drivers of the Market
3.2.2. Restraints on the Market

4. Motor Vehicle Steering and Suspension Components Market Segmentation
4.1. Global Motor Vehicle Steering and Suspension Components Market, Segmentation by Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
Steering components
Suspension components
4.2. Global Motor Vehicle Steering and Suspension Components Market, Segmentation by Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
Commercial Vehicle
Passenger Car

5. Motor Vehicle Steering and Suspension Components Market Regional and Country Analysis
5.1. Global Motor Vehicle Steering and Suspension Components Market, Split by Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
5.2. Global Motor Vehicle Steering and Suspension Components Market, Split by Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

6. Asia-Pacific Motor Vehicle Steering and Suspension Components Market
6.1. Asia-Pacific Motor Vehicle Steering and Suspension Components Market Overview
6.2. Asia-Pacific Motor Vehicle Steering and Suspension Components Market, Segmentation by Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

7. China Motor Vehicle Steering and Suspension Components Market
7.1. China Motor Vehicle Steering and Suspension Components Market Overview
7.2. China Motor Vehicle Steering and Suspension Components Market, Segmentation by Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F,$ Billion

8. india Motor Vehicle Steering and Suspension Components Market
8.1. india Motor Vehicle Steering and Suspension Components Market Overview
8.2. india Motor Vehicle Steering and Suspension Components Market, Segmentation by Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

9. Japan Motor Vehicle Steering and Suspension Components Market
9.1. Japan Motor Vehicle Steering and Suspension Components Market Overview
9.2. Japan Motor Vehicle Steering and Suspension Components Market, Segmentation by Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

10. Australia Motor Vehicle Steering and Suspension Components Market
10.1. Australia Motor Vehicle Steering and Suspension Components Market, Segmentation by Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

11. indonesia Motor Vehicle Steering and Suspension Components Market
11.1. indonesia Motor Vehicle Steering and Suspension Components Market, Segmentation by Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

12. South Korea Motor Vehicle Steering and Suspension Components Market
12.1. South Korea Motor Vehicle Steering and Suspension Components Market, Segmentation by Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

13. Western Europe Motor Vehicle Steering and Suspension Components Market
13.1. Western Europe Motor Vehicle Steering and Suspension Components Market Overview
13.2. Western Europe Motor Vehicle Steering and Suspension Components Market, Segmentation by Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

14. UK Motor Vehicle Steering and Suspension Components Market
14.1. UK Motor Vehicle Steering and Suspension Components Market Overview
14.2. UK Motor Vehicle Steering and Suspension Components Market, Segmentation by Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

15. Germany Motor Vehicle Steering and Suspension Components Market
15.1. Germany Motor Vehicle Steering and Suspension Components Market, Segmentation by Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

16. France Motor Vehicle Steering and Suspension Components Market
16.3. France Motor Vehicle Steering and Suspension Components Market, Segmentation by Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

17. Eastern Europe Motor Vehicle Steering and Suspension Components Market
17.1. Eastern Europe Motor Vehicle Steering and Suspension Components Market Overview
17.2. Eastern Europe Motor Vehicle Steering and Suspension Components Market, Segmentation by Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

18. Russia Motor Vehicle Steering and Suspension Components Market
18.1. Russia Motor Vehicle Steering and Suspension Components Market, Segmentation by Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

19. North America Motor Vehicle Steering and Suspension Components Market
19.1. North America Motor Vehicle Steering and Suspension Components Market Overview
19.2. North America Motor Vehicle Steering and Suspension Components Market, Segmentation by Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

20. USA Motor Vehicle Steering and Suspension Components Market
20.1. USA Motor Vehicle Steering and Suspension Components Market Overview
20.2. USA Motor Vehicle Steering and Suspension Components Market, Segmentation by Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

21. South America Motor Vehicle Steering and Suspension Components Market
21.1. South America Motor Vehicle Steering and Suspension Components Market Overview
21.2. South America Motor Vehicle Steering and Suspension Components Market, Segmentation by Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

22. Brazil Motor Vehicle Steering and Suspension Components Market
22.1. Brazil Motor Vehicle Steering and Suspension Components Market, Segmentation by Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

23. Middle East Motor Vehicle Steering and Suspension Components Market
23.1. Middle East Motor Vehicle Steering and Suspension Components Market Overview
23.2. Middle East Motor Vehicle Steering and Suspension Components Market, Segmentation by Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

24. Africa Motor Vehicle Steering and Suspension Components Market
24.1. Africa Motor Vehicle Steering and Suspension Components Market Overview
24.2. Africa Motor Vehicle Steering and Suspension Components Market, Segmentation by Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

25. Motor Vehicle Steering and Suspension Components Market Competitive Landscape and Company Profiles
25.1. Motor Vehicle Steering and Suspension Components Market Competitive Landscape
25.2. Motor Vehicle Steering and Suspension Components Market Company Profiles
25.2.1. Bosch
25.2.1.1. Overview
25.2.1.2. Products and Services
25.2.1.3. Strategy
25.2.1.4. Financial Performance
25.2.2. Hyundai
25.2.2.1. Overview
25.2.2.2. Products and Services
25.2.2.3. Strategy
25.2.2.4. Financial Performance
25.2.3. Tennaco
25.2.3.1. Overview
25.2.3.2. Products and Services
25.2.3.3. Strategy
25.2.3.4. Financial Performance
25.2.4. Denso
25.2.4.1. Overview
25.2.4.2. Products and Services
25.2.4.3. Strategy
25.2.4.4. Financial Performance
25.2.5. Hella
25.2.5.1. Overview
25.2.5.2. Products and Services
25.2.5.3. Strategy
25.2.5.4. Financial Performance

26. Key Mergers and Acquisitions in the Motor Vehicle Steering and Suspension Components Market

27. Motor Vehicle Steering and Suspension Components Market Trends and Strategies

28. Motor Vehicle Steering and Suspension Components Market Future Outlook and Potential Analysis

29. Appendix
29.1. Abbreviations
29.2. Currencies
29.3. Research inquiries
29.4. About the Publisher
29.5. Copyright and Disclaimer
Note: Product cover images may vary from those shown
3 of 5

Loading
LOADING...

4 of 5

FEATURED COMPANIES

  • Aisin Group
  • Denso
  • Hyundai
  • KYB Americas Corporation
  • NSK Americas
  • Tennaco
  • MORE
The growth of motor vehicle steering and suspension components market (except spring) is positively affected by the poor quality of roads. The steering and suspension components are used to maintain the stability of the motor vehicle through the rough roads. Rough roads with potholes and poor surface causes wear and tear of steering and suspension components in the long run thus increasing the risk of accidents. This constant wear and tear shorten their working life, and increases the rate at which they need to be replaced. According to the U.S National transportation research group (TRIP) in 2017, 71% of roads in the San Francisco-Oakland area were in poor condition, costing drivers an average of $1,049 in vehicle operating costs each year. The lack of standards for maintenance of roads resulting in rough roads with pot holes, increases the demand for motor vehicle steering and suspension components.

The motor vehicle steering and suspension components market consists of sales of motor vehicle steering and suspension components (except spring) and related services which are used for keeping the wheels of the motor vehicle firmly intact with the ground. Motor vehicle steering components consists of group of parts including steering wheel, steering column and shaft, tie rods, steering arms used to transmit the movement of the steering wheel to the wheels enabling the right and left movement of the wheel. The suspension components comprise of tires, the air in the tires, shock absorbers, struts, arms, bars, linkages, bushings, and joints used to connect the vehicle to its wheels to allow relative motion between the two. The suspension components of a motor vehicle provide supports to the vehicle, absorb bumps and other shocks and allow the vehicle to turn in response to steering input from the drive.

The global motor vehicle steering and suspension components market was worth $153.02 billion in 2019. It is expected to grow at a compound annual growth rate (CAGR) of 9.54% and reach $220.33 billion by 2023.

The motor vehicle steering and suspension components (except spring) manufacturing covered in this report can be segmented by type into steering components and suspension components by application into commercial vehicle and passenger car.

The growth for the motor vehicle steering and suspension components (except spring) market is restricted by the growing popularity of the electric vehicles all over the world. The increased popularity of electric vehicles will require the motor vehicle steering and suspension system manufacturers to produce power steering and suspension systems specifically designed for the new electric vehicles. Thus, reducing the demand for motor power steering systems and suspension parts. The manufacturers will have to adapt and compete to create the parts used in driverless vehicle models. According to the International Energy Agency (IEA), in 2018, there were 5 million electric passenger cars in Norway. The popularity of electric car market is backed up by several government initiatives such as in Norway, the drivers of zero emissions cars are not only exempted from road tax but also exempted from 25% VAT on sales, reduced road and ferry tolls and parking costs, and access to bus lanes. The overall cost for adapting to the changing demand due to the growing popularity of electric vehicles restricts the growth of the motor vehicle steering and suspension components (except spring) market.

The latest trend in the industry is the development of suspension system using the new magnetic ride control (MRC or MagneRide) technology developed by General Motors (GM). The magnetic damper technology improves the performance of the suspension system and provides a smooth driving experience. The technology uses a fluid infused with magnetized particles acting as electronically-controlled shock absorbers, which responds to changing driving conditions and speed in real-time making the shock absorbers adapt to the changing terrain. Such absorbers along with the automobile sensors responds to the terrain every five milliseconds. Following the trend started by General Motors, BeijingWest Industries (BWI) Group opened a new plant in Greenfield, Indiana, in 2019, from which the company will launch the fourth generation of the MagneRide suspension technology. The China based, BeijingWest Industries (BWI) Group is a supplier of brake and suspension systems.

In 2018, SAF Holland, a German base provider of solutions for global commercial vehicle industry, acquired York Transport Equipment (Asia) for an amount of $52.6 million. Through the acquisition SAF Holland aims to increase its presence in the APAC (Asia-Pacific) region. York Transport Equipment is an Asia based manufacturer and distributor of trailer axles, assemble trailer suspension kits. It has a strong service and spare parts network in India and also has significant operations in other fast-growing Southeast Asian markets, such as Thailand, Indonesia and Vietnam besides Australia.

Major players in the market are Bosch, Hyundai, Tennaco, Denso, Hella, JTEKT, Knorr-Bremse, Nexteer Automotive, Thyssenkrupp, and ZF Friedrichshafen.
Note: Product cover images may vary from those shown
5 of 5
  • Aisin Group
  • American Showa
  • Asama Coldwater Manufacturing
  • Atsco Remanufacturing
  • Bosch
  • Continental Automotive Systems Corporation
  • Denso
  • Fox Factory
  • Global Steering Systems
  • Hella
  • Hutchinson Aerospace & Industry
  • Hyundai
  • JTEKT
  • Key Electronics of Nevada
  • Key Safety Restraint Systems
  • Knorr-Bremse
  • KYB Americas Corporation
  • Magna International Inc.
  • Maval Industries
  • Nexteer Automotive
  • NSK Americas
  • NSK Steering Systems America
  • Raytech Powertrain
  • Reman Gotec Plus Sun
  • San-Ei Seiko America
  • Tennaco
  • Thyssenkrupp
  • Yamada North America
  • ZF Friedrichshafen
Note: Product cover images may vary from those shown
6 of 5

Loading
LOADING...

Adroll
adroll