Global Motor Vehicle Steering and Suspension Components (except Spring) Market
Transportation Services

Global Motor Vehicle Steering and Suspension Components (except Spring) Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends

The Global Motor Vehicle Steering and Suspension Components (except Spring) Market Report by The Business Research Company Covers Motor Vehicle Steering and Suspension Components (except Spring) Market Drivers And Restraints, Motor Vehicle Steering and Suspension Components (except Spring) Market Size, Major Players, And The Impact Of COVID-19 On The Motor Vehicle Steering and Suspension Components (except Spring) Market.


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 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.

 

The global motor vehicle steering and suspension components (except spring) market is expected to grow from $144.08 billion in 2020 to $150.57 billion in 2021 at a compound annual growth rate (CAGR) of 4.5%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $213.06 billion in 2025 at a CAGR of 9%.

 

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Some motor vehicle steering and suspension components market trends include 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.

Global motor vehicle steering and suspension components market segments include:

1) By Type: Steering components, Suspension components.

 

2)  By Application:  Commercial Vehicle, Passenger Car.

 

3) By End use: OEM, Aftermarket.

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.


Read More On The Motor Vehicle Steering and Suspension Components Global Market Report 2021: COVID 19 Impact and Recovery to 2030 At:

https://www.thebusinessresearchcompany.com/report/motor-vehicle-steering-and-suspension-components-except-spring-global-market-report

 

The Motor Vehicle Steering and Suspension Components (except Spring) Global Market Report 2021: COVID 19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides motor vehicle steering and suspension components (except spring) market overviews, analyzes and forecasts market size, share, motor vehicle steering and suspension components (except spring) market players, motor vehicle steering and suspension components (except spring) market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.

The motor vehicle steering and suspension components market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Where To Learn More:

Read Motor Vehicle Steering and Suspension Components (except Spring) Global Market Report 2021: COVID 19 Impact and Recovery to 2030 from The Business Research Company for information on the following:


Data Segmentations
: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.

Market Players Covered: Bosch, Hyundai, Tennaco, Denso, Hella, JTEKT, Knorr-Bremse, Nexteer Automotive, Thyssenkrupp, ZF Friedrichshafen, Magna International Inc., Aisin Group, Continental Automotive Systems Corporation, Asama Coldwater Manufacturing, Global Steering Systems, Maval Industries, American Showa, Atsco Remanufacturing, KYB Americas Corporation, Raytech Powertrain, NSK Americas, San-Ei Seiko America, Hutchinson Aerospace & Industry, Yamada North America, Fox Factory, NSK Steering Systems America, Key Electronics of Nevada, Key Safety Restraint Systems, Reman Gotec Plus Sun.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

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

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.

Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.

Strategies For Participants In The Motor Vehicle Steering And Suspension Components (Except Spring) Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.

Opportunities For Companies In The Motor Vehicle Steering And Suspension Components (Except Spring) Sector: The report reveals where the global industry will put on most $ sales up to 2023.

Interested to know more about The Business Research Company?

The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets.

Read more about us at https://www.thebusinessresearchcompany.com/about-the-business-research-company.aspx


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