Motor Vehicle Steering and Suspension Components Market

The motor vehicle steering and suspension components 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.
Motor Vehicle Steering and Suspension Components Market contains market size and forecasts of Motor Vehicle Steering and Suspension Components in global, including the following market information:
Global Motor Vehicle Steering and Suspension Components Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Motor Vehicle Steering and Suspension Components Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five Motor Vehicle Steering and Suspension Components companies in 2021 (%)
The global Motor Vehicle Steering and Suspension Components market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Steering Components Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Motor Vehicle Steering and Suspension Components include Bosch, Hyundai, Tenneco, Toyota, Hella, Knorr-Bremse, Nexteer Automotive, Thyssenkrupp and ZF Friedrichshafen, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Motor Vehicle Steering and Suspension Components manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Motor Vehicle Steering and Suspension Components Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Motor Vehicle Steering and Suspension Components Market Segment Percentages, by Type, 2021 (%)
Steering Components
Suspension Components
Global Motor Vehicle Steering and Suspension Components Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Motor Vehicle Steering and Suspension Components Market Segment Percentages, by Application, 2021 (%)
Commercial Vehicle
Passenger Car
Global Motor Vehicle Steering and Suspension Components Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Motor Vehicle Steering and Suspension Components Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Motor Vehicle Steering and Suspension Components revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Motor Vehicle Steering and Suspension Components revenues share in global market, 2021 (%)
Key companies Motor Vehicle Steering and Suspension Components sales in global market, 2017-2022 (Estimated), (K Units)
Key companies Motor Vehicle Steering and Suspension Components sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Bosch
Hyundai
Tenneco
Toyota
Hella
Knorr-Bremse
Nexteer Automotive
Thyssenkrupp
ZF Friedrichshafen
Magna International
Continental Automotive
Asama Coldwater Manufacturing
Global Steering Systems
Maval Industries
American Showa
Atsco Remanufacturing
KYB Americas Corporation
Raytech Powertrain
NSK Americas
Hutchinson Aerospace and Industry
Yamada Manufacturing
Fox Factory