Press release
Motor Vehicle Steering And Suspension Components Market 2022 Latest Insights, Growth Rate, Future Trends And Forecast To 2031 | Key Players : Bosch, Hyundai, Tennaco, Denso
Motor Vehicle Steering And Suspension Components
The regions covered in the motor vehicle steering and suspension components market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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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 consist of a group of parts including the 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 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.
Key competitors in the motor vehicle steering and suspension components market include Bosch, Hyundai, Tennaco, Denso, Hella, JTEKT.
The global motor vehicle steering and suspension components market size is expected to grow from $138.22 billion in 2021 to $154.98 billion in 2022 at a compound annual growth rate (CAGR) of 12.1%. The global motor vehicle steering and suspension component market size is expected to grow to $196.04 billion in 2026 at a CAGR of 6.1%.
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TBRC's report segments the global motor vehicle steering and suspension components market:
1) By Type: Steering Components, Suspension Components
2) By Application: Commercial Vehicle, Passenger Car
3) By End-Use: OEM, Aftermarket
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The Table Of Contents Includes:
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
.....
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
29. Appendix
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