LONDON--(BUSINESS WIRE)--The global automotive anti-roll bar market size is expected to grow by USD 359.41 million during the period 2020-2024, according to the latest market research report by Technavio. Request a free sample report
The need for automotive anti-roll bars is high for vehicles with high ground clearance, particularly utility vehicles. Increased adoption of utility vehicles such as SUV and CUV is expected to have a positive impact on the global automotive anti-roll bar market during the forecast period. To address the demand for enhanced comfort in utility vehicles, various SUV manufacturers are installing technologically advanced anti-roll bars, including the electromechanical variants in their vehicle models. As a result, the high adoption of utility vehicles such as SUVs and CUVs will drive the growth of the market during the forecast period.
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As per Technavio, the development of an advanced automotive chassis control system will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will affect market growth over 2020-2024.
Global Automotive Anti-Roll Bar Market: Development of Advanced Automotive Chassis Control System
Significant improvements have been taking place in vehicle ride comfort and safety with the integration of electronic chassis control systems with technologically advanced components, including anti-roll bars, air springs, and bushings. Prominent OEMs are installing adjustable anti-roll bars for better vehicle handling, reduced articulation stiffness, and minimized single wheel stiffness. Furthermore, the anti-roll bars incorporated in the system allow the vehicle to maintain precise roll control during heavy cornering while decoupling the vehicle suspension system in a straight line for improved wheel articulation. Thus, these developments of an advanced automotive chassis control system are further expected to drive the market growth during the forecast period.
“Increasing number of motorsport events and the growing emphasis on vehicle safety and comfort will boost the automotive anti-roll bar market growth during the forecast period,” says a senior analyst at Technavio.
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Global Automotive Anti-Roll Bar Market: Segmentation Analysis
This market report segments the global automotive anti-roll bar market by application (passenger cars and commercial vehicles) and geography (APAC, Europe, MEA, North America, and South America)
APAC led the automotive anti-roll bar market share in 2019, followed by North America, Europe, South America, and MEA, respectively owing to the growing demand for anti-roll bars from the passenger cars as well as the commercial vehicles segment. Also, the presence of a large automotive production base and increasing demand for passenger vehicles with advanced safety and comfort features are likely to drive the market growth during the forecast period.
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Some of the key topics covered in the report include:
Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market definition
- Market size and forecast
Five Forces Analysis
Market Segmentation
Customer Landscape
Geographical Segmentation
- Geographic comparison
- Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Landscape disruption
- Competitive scenario
Vendor Analysis
- Vendors covered
- Vendor classification
- Market positioning of vendors
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