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Ball Joints and Parts Market Manufacturers, Regions and Application Research Report Forecast to 2025
In terms of consumption side, this report focuses on the consumption of Ball Joints and Parts by regions and application. The key regions like North America, Europe, Asia-Pacific, Central & South America, Middle East and Africa etc. Ball joints are spherical bearings, which connect steering knuckles to control arm in an automotive. Although, ball joints have long service life, loss of lubricant or contamination due to seal failure leads to suspension system and steering failure.
This further leads to misalignment and handling, which has led manufacturers to develop efficient systems catering to the problem. One of the challenges faced by overall steering system manufacturers is introduction of premium line products as compared to economy products. Since, ball joints are expensive as compared to tie rods, the ball joints and parts market is expected to record considerable revenue growth in the near future.
The revenue growth is mainly attributed to shipment growth of ball joints and parts across the globe. Imports of ball joints and parts in Asian countries is a challenge for existing as well as new players entering the ball joints and parts market. Moreover, the market is witnessing consolidation at distributor level, which is anticipated to lead to fluctuating prices. This is further expected to expedite growth of low-priced economy-line parts and thus, a significant change in total market share of premium brands.
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The Ball Joints and Parts market was valued at xx Million US$ in 2017 and is projected to reach xx Million US$ by 2025, at a CAGR of xx% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Ball Joints and Parts.
This report includes the following manufacturers; we can also add the other companies as you want.
Johnson Controls Incorporated
Honeywell International Incorporated
Goodyear Tire & Rubber Company
General Motors Company
Ford Motor Company
LANBI
CCTY Bearing Company
Pailton Engineering
ZF TRW
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Market Segment by Product Type
Ball Stud
End Cover
Bearings
Housing
Market Segment by Application
Passenger Cars
Commercial Vehicles
Key Regions split in this report:
North America
Asia-Pacific
Europe
Central & South America
Middle East & Africa
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