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Companies in the Global Suspension Arm Market Market Resorting to Product Innovation to Stay Ahead in the Game

Suspension Arm Market

Suspension Arm Market

Global Suspension Arm Market: Overview

The suspension system functions to reduce and prevent the road shocks and thereby deliver smooth drive experience. Suspension arm also called as wishbone suspension or track control arm are attached to the chassis of the vehicle and the wheels via the ball joint. The suspension arm is important in steering and change of direction while driving as they absorb the forces of road acting on the wheels. The suspension arm, when damaged, can lead to premature wear of the tire, brake pad, and shock absorbers. The damage of all these components can lead to loss of control and reduced traction. The suspension arm is manufactured by tough material such as cast iron, pressed steel or aluminum of high quality. These material used for manufacture of suspension arm is often surface treated, a most common use of cataphoresis electrostatic coating to make them rust resistant. The global suspension arm market is expected to expand at a significantly high rate during the forecast period with robust growth centered mostly in Asia Pacific region.

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Global Suspension Arm Market: Drivers and Restraints

The global suspension arm market is driven by the growth of the auto component industries globally. The strict regulations for the fuel economy propel the automaker to upgrade the automotive features which aid in the increase of suspension arm sales. Further, the factors such as anti-corrosive, quick and easy to fit, highly reliable features drive the global suspension arm market. The trend prevailing in the auto component industries is the increasing OEM tie-ups with the component manufacturers globally.

Global Suspension Arm Market:  Segmentation  

On the basis of vehicle type, suspension arm market can be segmented as follows:-

Light commercial vehicles
Heavy commercial vehicles
Passenger Cars
On the basis of suspension system type, the suspension arm market can be segmented as follows:-

Dependent suspension
Independent suspension
Double wishbone
Mac pherson strut
Trailing arm and semi-trailing arm suspension
On the basis of material type, suspension arm market can be segmented as follows:-

Steel
Aluminium
Iron
Alloy
On the basis of distribution channel, suspension arm market can be segmented as follows:-

Original Equipment Manufacturer (OEM)
Aftermarket
Global Suspension Arm Market:  Region wise Outlook

The global suspension arm market is divided into seven regions, namely North America, Latin America, Asia Pacific excluding Japan (APEJ), Western Europe, Eastern Europe, Japan and Middle East and Africa (MEA). The suspension arm market in APEJ region is quite robust owing to the high market potential for growth of auto component industries. Moreover, the availability of labors, low-cost manufacturing in Asian countries such as China, India, South Korea, and Taiwan drives the suspension arm market in the region. Regarding the export rate, Western European countries dominate the auto components parts exporting worldwide. The suspension arm market in Japan and North America are expected to expand at moderate CAGR during the forecast period.

Global Suspension Arm Market:  Key Players

Some of the key players identified in the global suspension arm market includes:

MAS Industries
Amtek Industries
Delphi Automotive PLC
Lemdor Control Arm Co., Ltd
TRW Automotive Holdings Corp.
HIGH LINK AUTOPARTS CO., LTD.
TAHIKO Co., Ltd.
ROLEC Gehäuse-Systeme GmbH
Somic ZF Components Pvt. Ltd.
SANKEI Industry Co.,Ltd.
THK RHYTHM CO., LTD.
Federal-Mogul Motorparts Corporation
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The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, technology and applications.

The report covers exhaustive analysis on:

Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain 
 Regional analysis includes

North America (Canada, The U.S.)
Latin America (Mexico, Brazil, Rest Of Latin America )
Western Europe (Germany, Italy, France, U.K, Spain, Netherlands, BENELUX, Nordic countries )
Eastern Europe ( Russia, Rest Of Eastern Europe)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC countries, S. Africa, and Rest Of MEA)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies. 

Report Highlights:

Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint

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