Motor Vehicle Steering and Suspension Components Market Trends, Segmentation, Production Values, Material, Demand, Brand Shares And Forecast To 2023
The global motor vehicle steering and suspension components market was worth $153.02 billion in 2019. It is expected to grow at a compound annual growth rate (CAGR) of 9.54% and reach $220.33 billion by 2023.
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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 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.
Motor Vehicle Steering and Suspension Components Market Segmentation:
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Few Points From Table Of Content
1. Executive Summary
2. Motor Vehicle Steering and Suspension Components Market Characteristics
3. Motor Vehicle Steering and Suspension Components Market Size And Growth
4. Motor Vehicle Steering and Suspension Components Market Segmentation
5. Motor Vehicle Steering and Suspension Components Market Regional And Country Analysis
25. Motor Vehicle Steering and Suspension Components Market Competitive Landscape And Company Profiles
26. Key Mergers And Acquisitions In The Motor Vehicle Steering and Suspension Components Market
27. Motor Vehicle Steering and Suspension Components Market Trends And Strategies
28. Motor Vehicle Steering and Suspension Components Market Future Outlook and Potential Analysis
The report covers the trends and market dynamics of the motor vehicle steering and suspension components market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the motor vehicle steering and suspension components market are Bosch, Hyundai, Tennaco, Denso, Hella, JTEKT, Knorr-Bremse, Nexteer Automotive, Thyssenkrupp, and ZF Friedrichshafen
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