Global Motor Vehicle Steering and Suspension Components Market (2020 to 2030) - Featuring Aisin Group, American Showa & Bosch Among Others - ResearchAndMarkets.com

DUBLIN--()--The "Motor Vehicle Steering and Suspension Components Global Market Report 2020" report has been added to ResearchAndMarkets.com's offering.

The global motor vehicle steering and suspension components market was worth $153.02 billion in 2019.

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.

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.

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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 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.

Key Topics Covered:

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

4.2. Global Motor Vehicle Steering and Suspension Components Market, Segmentation by Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

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

Companies Mentioned

  • 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

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Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900