Motor Vehicle Steering and Suspension Components Market Size and Status 2021 Outlook and Forecast to 2030

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%.

The Business Research Company offers "Motor Vehicle Steering And Suspension Components (Except Spring) Global Market Report 2021" in its research report store. It is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. It also compares the market’s historic and forecast growth, and highlights important trends and strategies that players in the market can adopt.

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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 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.

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, ZF Friedrichshafen, Magna International Inc., Aisin Group

The countries covered in the global Motor Vehicle Steering and Suspension Components Market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam.

The regions covered in the global Motor Vehicle Steering and Suspension Components Market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Motor Vehicle Steering and Suspension Components Market Segmentation:
1) By Type: Steering Components, Suspension Components
2) By Application: Commercial Vehicle, Passenger Car
3) By End Use: OEM, Aftermarket

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A Few Points From The Table Of Contents
1. Executive Summary
2. Motor Vehicle Steering and Suspension Components Market Characteristics
3. Motor Vehicle Steering and Suspension Components Market Trends And Strategies
4. Impact Of COVID-19 On Motor Vehicle Steering and Suspension Components
5. Motor Vehicle Steering and Suspension Components Market Size And Growth
....
26. Africa Motor Vehicle Steering and Suspension Components Market
27. Motor Vehicle Steering and Suspension Components Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Motor Vehicle Steering and Suspension Components Market
29. Motor Vehicle Steering and Suspension Components Market Future Outlook and Potential Analysis
30. Appendix

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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