Press release
Suspension Arm Market to Significant Growth Foreseen by 2025
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.
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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.
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