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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.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
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
Lucintel 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
Q6. Which steering and suspension part market segment will be the largest in future?
Answer: Lucintel 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, Lucintel 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?
For any questions related to Steering And Suspension Part Market, Steering And Suspension Part Market Size, Steering And Suspension Part Market Growth, Steering And Suspension Part Market Analysis, Steering And Suspension Part Market Report, Steering And Suspension Part Market Share, Steering And Suspension Part Market Trends, Steering And Suspension Part Market Forecast, Steering And Suspension Part Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Steering and Suspension Part Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Steering and Suspension Part Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Steering and Suspension Part Market by Type
3.3.1: Non-Independent Suspension
3.3.2: Composite Rear Suspension
3.3.3: Independent Suspension
3.3.4: Semi-Independent Suspension
3.4: Global Steering and Suspension Part Market by Technology
3.4.1: Hydraulic
3.4.2: Air Suspension
3.4.3: Electromagnetic
3.5: Global Steering and Suspension Part Market by Application
3.5.1: Passenger Car
3.5.2: Commercial Vehicle
3.5.3: Off-Road Vehicle
3.5.4: Two-Wheeler
3.5.5: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Steering and Suspension Part Market by Region
4.2: North American Steering and Suspension Part Market
4.2.1: North American Steering and Suspension Part Market by Technology: Hydraulic, Air Suspension, and Electromagnetic
4.2.2: North American Steering and Suspension Part Market by Application: Passenger Car, Commercial Vehicle, Off-Road Vehicle, Two-Wheeler, and Others
4.3: European Steering and Suspension Part Market
4.3.1: European Steering and Suspension Part Market by Technology: Hydraulic, Air Suspension, and Electromagnetic
4.3.2: European Steering and Suspension Part Market by Application: Passenger Car, Commercial Vehicle, Off-Road Vehicle, Two-Wheeler, and Others
4.4: APAC Steering and Suspension Part Market
4.4.1: APAC Steering and Suspension Part Market by Technology: Hydraulic, Air Suspension, and Electromagnetic
4.4.2: APAC Steering and Suspension Part Market by Application: Passenger Car, Commercial Vehicle, Off-Road Vehicle, Two-Wheeler, and Others
4.5: ROW Steering and Suspension Part Market
4.5.1: ROW Steering and Suspension Part Market by Technology: Hydraulic, Air Suspension, and Electromagnetic
4.5.2: ROW Steering and Suspension Part Market by Application: Passenger Car, Commercial Vehicle, Off-Road Vehicle, Two-Wheeler, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Steering and Suspension Part Market by Type
6.1.2: Growth Opportunities for the Global Steering and Suspension Part Market by Technology
6.1.3: Growth Opportunities for the Global Steering and Suspension Part Market by Application
6.1.4: Growth Opportunities for the Global Steering and Suspension Part Market by Region
6.2: Emerging Trends in the Global Steering and Suspension Part Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Steering and Suspension Part Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Steering and Suspension Part Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Arvinmeritor
7.2: Cardone Industries
7.3: Dana Holding
7.4: Delphi
7.5: Denso
7.6: Federal-Mogul
7.7: Fenwick Automotive Products
7.8: JTEKT
7.9: SKD Automotive
7.10: Tenneco
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's 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 this 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 Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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