Global Motor Vehicle Steering and Suspension Components Market Report 2024

Motor Vehicle Steering and Suspension Components Global Market Report 2024 – By Type (Steering Components, Suspension Components), By Application (Commercial Vehicle, Passenger Car), By End Use (OEM, Aftermarket) – Market Size, Trends, And Global Forecast 2024-2033

Motor Vehicle Steering and Suspension Components Global Market Report 2024

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Motor Vehicle Steering And Suspension Components Market Definition And Segments

The motor vehicle steering system, which consists of several pieces and linkages, enables a driver to direct a vehicle. A motor vehicle's suspension system helps the driver maintain total control while isolating the passengers from vibrations caused by the vehicle's passage over the road's contours.

The main types of motor vehicle steering and suspension components are steering components and suspension components. Steering components refer to a system of components, linkages, etc. that will allow a vehicle to follow the desired course. The applications included are commercial vehicles and passenger cars. The end-users involved are OEM and aftermarket.

The motor vehicle steering and suspension components market covered in this report is segmented –

1) By Type: Steering Components, Suspension Components

2) By Application: Commercial Vehicle, Passenger Car

3) By End Use: OEM, Aftermarket

The motor vehicle steering and suspension components market size has grown strongly in recent years. It will grow from $98.44 billion in 2023 to $106.84 billion in 2024 at a compound annual growth rate (CAGR) of 8.5%. The growth in the historic period can be attributed to manufacturing process refinement, rise in vehicle customization, market shift towards SUVs and trucks, steering mechanism innovations, advancements in shock absorbers.

The motor vehicle steering and suspension components market size is expected to see strong growth in the next few years. It will grow to $147.5 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%. The growth in the forecast period can be attributed to aftermarket growth, global market penetration, environmental regulations, rising demand for vehicle comfort, adaptive and active suspension systems. Major trends in the forecast period include manufacturing process innovations, electric and autonomous vehicles, advanced materials integration, and enhanced safety standards, adaptive suspension systems.

Impact Of Poor Road Quality On The Growth Of Motor Vehicle Steering And Suspension Components Market

The growth of the motor vehicle steering and suspension components is positively affected by the poor quality of roads. The steering and suspension components are used to maintain the stability of the motor vehicle on rough roads. Rough roads with potholes and poor surfaces cause wear and tear of steering and suspension components in the long run, thus increasing the risk of accidents. This constant wear and tear shorten their working life and increases the rate at which they need to be replaced. According to the World Highways data, India's road network is the second largest after the United States of America. But one of the striking underlying facts is the condition of the roads. Around 30 percent of the country’s population lacked access to all-wealth. The lack of standards for maintenance of roads, resulting in rough roads with potholes, increases the demand for motor vehicle steering and suspension components market.

Growth Of The Automotive Industry Contribute To The Growth Of Motor Vehicle Steering System And Suspension Components Market

The growth of the automotive industry is expected to propel the growth of the motor vehicle steering system and suspension components market going forward. The automotive industry, also known as the automobile industry, refers to the sector of the economy that is involved in the design, development, manufacturing, marketing, and sales of motor vehicles. Motor vehicle steering and suspension components are essential elements in an automobile's overall functionality and safety. These components play critical roles in ensuring vehicle stability, control, and comfort. For instance, in July 2023, according to an article published by Economic Times, an India-based e-magazine, significant technological progress in electric vehicles, autonomous driving, connectivity, the adoption of digital sales channels, the expansion of the pre-owned car market, and a strong emphasis on safety measures are reshaping the industry's growth trajectory, thereby revolutionizing transportation in urban and rural areas alike. It is also estimated that, with the current progress, India in the electric vehicle market will provide a $ 206 billion potential by 2030. Therefore, the growth of the automotive industry is driving the growth of the soap and cleaning products market.

Major companies operating in the motor vehicle steering and suspension components market report are Hyundai Motor Company, Robert Bosch GmbH, Denso Corporation, ZF Friedrichshafen AG, Continental Automotive Systems Corporation, Thyssen Krupp AG, Magna International Inc., Aisin Group, Tenneco Inc., BENTELER International AG, Knorr-Bremse AG, Nsk Steering Systems America Inc., Hella KGaA Hueck & Co., DigiKey Corporation, Nexteer Automotive Group Ltd., Fox Factory Holding Corp., KYB Americas Corporation, Gotec Plus Sun LLC, Japan Precision Instruments Inc., YAMADA North America Inc., Asama Coldwater Manufacturing, Global Steering Systems LLC, Hutchinson Aerospace & Industry Inc., Raytech Corporation, Maval Industries LLC, San-Ei Seiko America Inc., Showa Corporation, Atsco Remanufacturing Inc., Breed Corporation

Impact Of Electric Vehicle Adoption On Hindering The Growth Of Motor Vehicle Steering And Suspension Components Market

The growth of the motor vehicle steering and suspension components market is restricted by the growing popularity of electric vehicles all over the world. The increased popularity of electric vehicles will require the motor vehicle steering and suspension system manufacturers to produce power steering and suspension systems specifically designed for the new electric vehicles. thereby reducing the demand for motor power steering systems and suspension parts. The manufacturers will have to adapt and compete to create the parts used in driverless vehicle models. According to the International Energy Agency (IEA), in 2021, more than 10 million electric cars will be on the world’s roads in 2020, with battery-electric models driving the expansion. The popularity of the electric car market is backed up by several government initiatives, such as in Norway, where the drivers of zero-emissions cars are not only exempted from road tax but also exempted from 25% VAT on sales, reduced road and ferry tolls, and parking costs, and access to bus lanes. The overall cost of adapting to the changing demand due to the growing popularity of electric vehicles restricts the growth of the motor vehicle steering and suspension components market.

Advancement Of Magnetic Ride Control (MRC) Technology In Suspension Systems

The latest trend in the industry is the development of suspension systems using the new magnetic ride control (MRC or MagneRide) technology developed by General Motors (GM). The magnetic damper technology improves the performance of the suspension system and provides a smooth driving experience. The technology uses a fluid infused with magnetized particles acting as electronically-controlled shock absorbers, which respond to changing driving conditions and speed in real-time, making the shock absorbers adapt to the changing terrain. Such absorbers, along with the automobile sensors, respond to the terrain every five milliseconds.

Innovative Vehicle Steering And Suspension Components Transforming The Market

Major companies operating in the motor vehicle steering and suspension components market are introducing innovative vehicle steering and suspension components Adaptive Air Suspension System and Active Rear Steering system to gain a competitive edge in the market. The Air Suspension System offers a softer, more isolated ride for greater ride quality, whereas The Active Rear Steering system offers up to 3.5 degrees of out-of-phase rear steering. For instance, in October 2023, General Motors, a US-based automobile manufacturing company launched Adaptive Air Suspension system and Active Rear Steering system for its Cadillac CELESTIQ model of its cars. The Adaptive Air Suspension System uses an air suspension system, rather than the coiled springs used in a traditional suspension system. The Active Rear Steering system in its CELESTIQ model provides a maximum of 3.5 degrees of rear steering that operates out-of-phase, meaning the rear wheels will turn in the opposite direction of the front wheels, enhancing maneuverability at low speeds. When traveling at higher speeds, the rear wheels will turn in-phase with the front wheels.

Bendix Corporation Acquired Rh Sheppard

In April 2023, Lear Corporation, a US-based global automotive technology leader in Seating and E-Systems acquired I.G. Bauerhin (IGB) for an undisclosed amount. The acquisition of I.G. Bauerhin (IGB) further expanding the company’s suite of in-vehicle comfort technologies that includes vehicle steering and suspension components and other key components of various kinds of vehicles. I.G. Bauerhin (IGB) is a Poland-based manufacturer and supplier of components and materials in vehicle interiors such as steering wheel heaters and sensors, seat heaters, electronic modules, and other components.

Asia-Pacific was the largest region in the motor vehicle steering and suspension component market in 2023. Western Europe was the second largest market in global motor vehicle steering and suspension component market share. 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, Africa.

The countries covered in the motor vehicle steering and suspension components market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The motor vehicle steering, and suspension components market consist of sales of steering systems, wheels and tires, springs, shock absorbers and struts, linkages, bushings, bearings, and joints. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The motor vehicle steering and suspension components market research report is one of a series of new reports from The Business Research Company that provides motor vehicle steering and suspension components market statistics, including motor vehicle steering and suspension components industry global market size, regional shares, competitors with a motor vehicle steering and suspension components market share, detailed motor vehicle steering and suspension components market segments, motor vehicle steering and suspension components market trends and opportunities, and any further data you may need to thrive in the motor vehicle steering and suspension components industry. This motor vehicle steering and suspension components market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.

Motor Vehicle Steering and Suspension Components Market Report Scope
Report AttributeDetails
Market Size Value In 2024 $106.84 billion
Revenue Forecast In 2033 $147.5 billion
Growth Rate CAGR of 8.4% from 2024 to 2033
Base Year For Estimation 2023
Actual Estimates/Historical Data 2018-2023
Forecast Period 2024 - 2028 - 2033
Market Representation Revenue in USD Billion and CAGR from 2024 to 2033
Segments Covered 1) By Type: Steering Components, Suspension Components
2) By Application: Commercial Vehicle, Passenger Car
3) By End Use: OEM, Aftermarket
Regional Scope Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Country Scope The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Additional countries that can be covered in the report for an additional fee: Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Key Companies Profiled Hyundai Motor Company; Robert Bosch GmbH; Denso Corporation; ZF Friedrichshafen AG; Continental Automotive Systems Corporation; Thyssen Krupp AG; Magna International Inc.; Aisin Group; Tenneco Inc.; BENTELER International AG; Knorr-Bremse AG; Nsk Steering Systems America Inc.; Hella KGaA Hueck & Co.; DigiKey Corporation; Nexteer Automotive Group Ltd.; Fox Factory Holding Corp.; KYB Americas Corporation; Gotec Plus Sun LLC; Japan Precision Instruments Inc.; YAMADA North America Inc.; Asama Coldwater Manufacturing; Global Steering Systems LLC; Hutchinson Aerospace & Industry Inc.; Raytech Corporation; Maval Industries LLC; San-Ei Seiko America Inc.; Showa Corporation; Atsco Remanufacturing Inc.; Breed Corporation
Customization ScopeRequest for Sample
Pricing And Purchase OptionsExplore Purchase Options

    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. Motor Vehicle Steering and Suspension Components Market - Macro Economic Scenario

    4.1. Impact Of High Inflation On The Market

    4.2. Ukraine-Russia War Impact On The Market

    4.3. COVID-19 Impact On The Market

    5. Global Motor Vehicle Steering and Suspension Components Market Size and Growth

    5.1. Global Motor Vehicle Steering and Suspension Components Market Drivers and Restraints

    5.1.1. Drivers Of The Market

    5.1.2. Restraints Of The Market

    5.2. Global Motor Vehicle Steering and Suspension Components Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

    5.3. Global Motor Vehicle Steering and Suspension Components Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

    6. Motor Vehicle Steering and Suspension Components Market Segmentation

    6.1. Global Motor Vehicle Steering and Suspension Components Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Steering Components

    Suspension Components

    6.2. Global Motor Vehicle Steering and Suspension Components Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Commercial Vehicle

    Passenger Car

    6.3. Global Motor Vehicle Steering and Suspension Components Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    OEM

    Aftermarket

    7. Motor Vehicle Steering and Suspension Components Market Regional And Country Analysis

    7.1. Global Motor Vehicle Steering and Suspension Components Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    7.2. Global Motor Vehicle Steering and Suspension Components Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8. Asia-Pacific Motor Vehicle Steering and Suspension Components Market

    8.1. Asia-Pacific Motor Vehicle Steering and Suspension Components Market Overview

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Motor Vehicle Steering and Suspension Components Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8.3. Asia-Pacific Motor Vehicle Steering and Suspension Components Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8.4. Asia-Pacific Motor Vehicle Steering and Suspension Components Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    9. China Motor Vehicle Steering and Suspension Components Market

    9.1. China Motor Vehicle Steering and Suspension Components Market Overview

    9.2. China Motor Vehicle Steering and Suspension Components Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    9.3. China Motor Vehicle Steering and Suspension Components Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    9.4. China Motor Vehicle Steering and Suspension Components Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    10. India Motor Vehicle Steering and Suspension Components Market

    10.1. India Motor Vehicle Steering and Suspension Components Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    10.2. India Motor Vehicle Steering and Suspension Components Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    10.3. India Motor Vehicle Steering and Suspension Components Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11. Japan Motor Vehicle Steering and Suspension Components Market

    11.1. Japan Motor Vehicle Steering and Suspension Components Market Overview

    11.2. Japan Motor Vehicle Steering and Suspension Components Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11.3. Japan Motor Vehicle Steering and Suspension Components Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11.4. Japan Motor Vehicle Steering and Suspension Components Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12. Australia Motor Vehicle Steering and Suspension Components Market

    12.1. Australia Motor Vehicle Steering and Suspension Components Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12.2. Australia Motor Vehicle Steering and Suspension Components Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12.3. Australia Motor Vehicle Steering and Suspension Components Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13. Indonesia Motor Vehicle Steering and Suspension Components Market

    13.1. Indonesia Motor Vehicle Steering and Suspension Components Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13.2. Indonesia Motor Vehicle Steering and Suspension Components Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13.3. Indonesia Motor Vehicle Steering and Suspension Components Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14. South Korea Motor Vehicle Steering and Suspension Components Market

    14.1. South Korea Motor Vehicle Steering and Suspension Components Market Overview

    14.2. South Korea Motor Vehicle Steering and Suspension Components Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14.3. South Korea Motor Vehicle Steering and Suspension Components Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14.4. South Korea Motor Vehicle Steering and Suspension Components Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15. Western Europe Motor Vehicle Steering and Suspension Components Market

    15.1. Western Europe Motor Vehicle Steering and Suspension Components Market Overview

    15.2. Western Europe Motor Vehicle Steering and Suspension Components Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15.3. Western Europe Motor Vehicle Steering and Suspension Components Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15.4. Western Europe Motor Vehicle Steering and Suspension Components Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16. UK Motor Vehicle Steering and Suspension Components Market

    16.1. UK Motor Vehicle Steering and Suspension Components Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16.2. UK Motor Vehicle Steering and Suspension Components Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16.3. UK Motor Vehicle Steering and Suspension Components Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17. Germany Motor Vehicle Steering and Suspension Components Market

    17.1. Germany Motor Vehicle Steering and Suspension Components Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17.2. Germany Motor Vehicle Steering and Suspension Components Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17.3. Germany Motor Vehicle Steering and Suspension Components Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18. France Motor Vehicle Steering and Suspension Components Market

    18.1. France Motor Vehicle Steering and Suspension Components Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18.2. France Motor Vehicle Steering and Suspension Components Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18.3. France Motor Vehicle Steering and Suspension Components Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19. Italy Motor Vehicle Steering and Suspension Components Market

    19.1. Italy Motor Vehicle Steering and Suspension Components Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19.2. Italy Motor Vehicle Steering and Suspension Components Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19.3. Italy Motor Vehicle Steering and Suspension Components Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20. Spain Motor Vehicle Steering and Suspension Components Market

    20.1. Spain Motor Vehicle Steering and Suspension Components Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20.2. Spain Motor Vehicle Steering and Suspension Components Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20.3. Spain Motor Vehicle Steering and Suspension Components Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21. Eastern Europe Motor Vehicle Steering and Suspension Components Market

    21.1. Eastern Europe Motor Vehicle Steering and Suspension Components Market Overview

    21.2. Eastern Europe Motor Vehicle Steering and Suspension Components Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21.3. Eastern Europe Motor Vehicle Steering and Suspension Components Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21.4. Eastern Europe Motor Vehicle Steering and Suspension Components Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22. Russia Motor Vehicle Steering and Suspension Components Market

    22.1. Russia Motor Vehicle Steering and Suspension Components Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22.2. Russia Motor Vehicle Steering and Suspension Components Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22.3. Russia Motor Vehicle Steering and Suspension Components Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23. North America Motor Vehicle Steering and Suspension Components Market

    23.1. North America Motor Vehicle Steering and Suspension Components Market Overview

    23.2. North America Motor Vehicle Steering and Suspension Components Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23.3. North America Motor Vehicle Steering and Suspension Components Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23.4. North America Motor Vehicle Steering and Suspension Components Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24. USA Motor Vehicle Steering and Suspension Components Market

    24.1. USA Motor Vehicle Steering and Suspension Components Market Overview

    24.2. USA Motor Vehicle Steering and Suspension Components Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24.3. USA Motor Vehicle Steering and Suspension Components Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24.4. USA Motor Vehicle Steering and Suspension Components Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25. Canada Motor Vehicle Steering and Suspension Components Market

    25.1. Canada Motor Vehicle Steering and Suspension Components Market Overview

    25.2. Canada Motor Vehicle Steering and Suspension Components Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25.3. Canada Motor Vehicle Steering and Suspension Components Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25.4. Canada Motor Vehicle Steering and Suspension Components Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26. South America Motor Vehicle Steering and Suspension Components Market

    26.1. South America Motor Vehicle Steering and Suspension Components Market Overview

    26.2. South America Motor Vehicle Steering and Suspension Components Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26.3. South America Motor Vehicle Steering and Suspension Components Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26.4. South America Motor Vehicle Steering and Suspension Components Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27. Brazil Motor Vehicle Steering and Suspension Components Market

    27.1. Brazil Motor Vehicle Steering and Suspension Components Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27.2. Brazil Motor Vehicle Steering and Suspension Components Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27.3. Brazil Motor Vehicle Steering and Suspension Components Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28. Middle East Motor Vehicle Steering and Suspension Components Market

    28.1. Middle East Motor Vehicle Steering and Suspension Components Market Overview

    28.2. Middle East Motor Vehicle Steering and Suspension Components Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28.3. Middle East Motor Vehicle Steering and Suspension Components Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28.4. Middle East Motor Vehicle Steering and Suspension Components Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29. Africa Motor Vehicle Steering and Suspension Components Market

    29.1. Africa Motor Vehicle Steering and Suspension Components Market Overview

    29.2. Africa Motor Vehicle Steering and Suspension Components Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29.3. Africa Motor Vehicle Steering and Suspension Components Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29.4. Africa Motor Vehicle Steering and Suspension Components Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    30. Motor Vehicle Steering and Suspension Components Market Competitive Landscape And Company Profiles

    30.1. Motor Vehicle Steering and Suspension Components Market Competitive Landscape

    30.2. Motor Vehicle Steering and Suspension Components Market Company Profiles

    30.2.1. Hyundai Motor Company

    30.2.1.1. Overview

    30.2.1.2. Products and Services

    30.2.1.3. Strategy

    30.2.1.4. Financial Performance

    30.2.2. Robert Bosch GmbH

    30.2.2.1. Overview

    30.2.2.2. Products and Services

    30.2.2.3. Strategy

    30.2.2.4. Financial Performance

    30.2.3. Denso Corporation

    30.2.3.1. Overview

    30.2.3.2. Products and Services

    30.2.3.3. Strategy

    30.2.3.4. Financial Performance

    30.2.4. ZF Friedrichshafen AG

    30.2.4.1. Overview

    30.2.4.2. Products and Services

    30.2.4.3. Strategy

    30.2.4.4. Financial Performance

    30.2.5. Continental Automotive Systems Corporation

    30.2.5.1. Overview

    30.2.5.2. Products and Services

    30.2.5.3. Strategy

    30.2.5.4. Financial Performance

    31. Motor Vehicle Steering and Suspension Components Market Other Major And Innovative Companies

    31.1. Thyssen Krupp AG

    31.2. Magna International Inc.

    31.3. Aisin Group

    31.4. Tenneco Inc.

    31.5. BENTELER International AG

    31.6. Knorr-Bremse AG

    31.7. Nsk Steering Systems America Inc.

    31.8. Hella KGaA Hueck & Co.

    31.9. DigiKey Corporation

    31.10. Nexteer Automotive Group Ltd.

    31.11. Fox Factory Holding Corp.

    31.12. KYB Americas Corporation

    31.13. Gotec Plus Sun LLC

    31.14. Japan Precision Instruments Inc.

    31.15. YAMADA North America Inc

    32. Global Motor Vehicle Steering and Suspension Components Market Competitive Benchmarking

    33. Global Motor Vehicle Steering and Suspension Components Market Competitive Dashboard

    34. Key Mergers And Acquisitions In The Motor Vehicle Steering and Suspension Components Market

    35. Motor Vehicle Steering and Suspension Components Market Future Outlook and Potential Analysis

    35.1 Motor Vehicle Steering and Suspension Components Market In 2028 - Countries Offering Most New Opportunities

    35.2 Motor Vehicle Steering and Suspension Components Market In 2028 - Segments Offering Most New Opportunities

    35.3 Motor Vehicle Steering and Suspension Components Market In 2028 - Growth Strategies

    35.3.1 Market Trend Based Strategies

    35.3.2 Competitor Strategies

    36. Appendix

    36.1. Abbreviations

    36.2. Currencies

    36.3. Historic And Forecast Inflation Rates

    36.4. Research Inquiries

    36.5. The Business Research Company

    36.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Table 3: Global Motor Vehicle Steering and Suspension Components Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 4: Global Motor Vehicle Steering and Suspension Components Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 5: Global Motor Vehicle Steering and Suspension Components Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 6: Global Motor Vehicle Steering and Suspension Components Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 7: Global Motor Vehicle Steering and Suspension Components Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 8: Asia-Pacific, Motor Vehicle Steering and Suspension Components Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 9: Asia-Pacific, Motor Vehicle Steering and Suspension Components Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 10: Asia-Pacific, Motor Vehicle Steering and Suspension Components Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 11: China, Motor Vehicle Steering and Suspension Components Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 12: China, Motor Vehicle Steering and Suspension Components Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 13: China, Motor Vehicle Steering and Suspension Components Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 14: India, Motor Vehicle Steering and Suspension Components Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 15: India, Motor Vehicle Steering and Suspension Components Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 16: India, Motor Vehicle Steering and Suspension Components Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 17: Japan, Motor Vehicle Steering and Suspension Components Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 18: Japan, Motor Vehicle Steering and Suspension Components Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 19: Japan, Motor Vehicle Steering and Suspension Components Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 20: Australia, Motor Vehicle Steering and Suspension Components Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 21: Australia, Motor Vehicle Steering and Suspension Components Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 22: Australia, Motor Vehicle Steering and Suspension Components Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 23: Indonesia, Motor Vehicle Steering and Suspension Components Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 24: Indonesia, Motor Vehicle Steering and Suspension Components Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 25: Indonesia, Motor Vehicle Steering and Suspension Components Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 26: South Korea, Motor Vehicle Steering and Suspension Components Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 27: South Korea, Motor Vehicle Steering and Suspension Components Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 28: South Korea, Motor Vehicle Steering and Suspension Components Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 29: Western Europe, Motor Vehicle Steering and Suspension Components Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 30: Western Europe, Motor Vehicle Steering and Suspension Components Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 31: Western Europe, Motor Vehicle Steering and Suspension Components Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 32: UK, Motor Vehicle Steering and Suspension Components Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 33: UK, Motor Vehicle Steering and Suspension Components Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 34: UK, Motor Vehicle Steering and Suspension Components Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 35: Germany, Motor Vehicle Steering and Suspension Components Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 36: Germany, Motor Vehicle Steering and Suspension Components Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 37: Germany, Motor Vehicle Steering and Suspension Components Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 38: France, Motor Vehicle Steering and Suspension Components Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 39: France, Motor Vehicle Steering and Suspension Components Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 40: France, Motor Vehicle Steering and Suspension Components Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 41: Italy, Motor Vehicle Steering and Suspension Components Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 42: Italy, Motor Vehicle Steering and Suspension Components Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 43: Italy, Motor Vehicle Steering and Suspension Components Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 44: Spain, Motor Vehicle Steering and Suspension Components Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 45: Spain, Motor Vehicle Steering and Suspension Components Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 46: Spain, Motor Vehicle Steering and Suspension Components Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 47: Eastern Europe, Motor Vehicle Steering and Suspension Components Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 48: Eastern Europe, Motor Vehicle Steering and Suspension Components Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 49: Eastern Europe, Motor Vehicle Steering and Suspension Components Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 50: Russia, Motor Vehicle Steering and Suspension Components Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 51: Russia, Motor Vehicle Steering and Suspension Components Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 52: Russia, Motor Vehicle Steering and Suspension Components Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 53: North America, Motor Vehicle Steering and Suspension Components Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 54: North America, Motor Vehicle Steering and Suspension Components Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 55: North America, Motor Vehicle Steering and Suspension Components Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 56: USA, Motor Vehicle Steering and Suspension Components Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 57: USA, Motor Vehicle Steering and Suspension Components Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 58: USA, Motor Vehicle Steering and Suspension Components Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 59: Canada, Motor Vehicle Steering and Suspension Components Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 60: Canada, Motor Vehicle Steering and Suspension Components Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 61: Canada, Motor Vehicle Steering and Suspension Components Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 62: South America, Motor Vehicle Steering and Suspension Components Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 63: South America, Motor Vehicle Steering and Suspension Components Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 64: South America, Motor Vehicle Steering and Suspension Components Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 65: Brazil, Motor Vehicle Steering and Suspension Components Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 66: Brazil, Motor Vehicle Steering and Suspension Components Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 67: Brazil, Motor Vehicle Steering and Suspension Components Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 68: Middle East, Motor Vehicle Steering and Suspension Components Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 69: Middle East, Motor Vehicle Steering and Suspension Components Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 70: Middle East, Motor Vehicle Steering and Suspension Components Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 71: Africa, Motor Vehicle Steering and Suspension Components Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 72: Africa, Motor Vehicle Steering and Suspension Components Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 73: Africa, Motor Vehicle Steering and Suspension Components Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 74: Hyundai Motor Company Financial Performance
  • Table 75: Robert Bosch GmbH Financial Performance
  • Table 76: Denso Corporation Financial Performance
  • Table 77: ZF Friedrichshafen AG Financial Performance
  • Table 78: Continental Automotive Systems Corporation Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Figure 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Figure 3: Global Motor Vehicle Steering and Suspension Components Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 4: Global Motor Vehicle Steering and Suspension Components Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 5: Global Motor Vehicle Steering and Suspension Components Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 6: Global Motor Vehicle Steering and Suspension Components Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 7: Global Motor Vehicle Steering and Suspension Components Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 8: Asia-Pacific, Motor Vehicle Steering and Suspension Components Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 9: Asia-Pacific, Motor Vehicle Steering and Suspension Components Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 10: Asia-Pacific, Motor Vehicle Steering and Suspension Components Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 11: China, Motor Vehicle Steering and Suspension Components Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 12: China, Motor Vehicle Steering and Suspension Components Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 13: China, Motor Vehicle Steering and Suspension Components Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 14: India, Motor Vehicle Steering and Suspension Components Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 15: India, Motor Vehicle Steering and Suspension Components Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 16: India, Motor Vehicle Steering and Suspension Components Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 17: Japan, Motor Vehicle Steering and Suspension Components Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 18: Japan, Motor Vehicle Steering and Suspension Components Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 19: Japan, Motor Vehicle Steering and Suspension Components Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 20: Australia, Motor Vehicle Steering and Suspension Components Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 21: Australia, Motor Vehicle Steering and Suspension Components Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 22: Australia, Motor Vehicle Steering and Suspension Components Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 23: Indonesia, Motor Vehicle Steering and Suspension Components Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 24: Indonesia, Motor Vehicle Steering and Suspension Components Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 25: Indonesia, Motor Vehicle Steering and Suspension Components Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 26: South Korea, Motor Vehicle Steering and Suspension Components Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 27: South Korea, Motor Vehicle Steering and Suspension Components Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 28: South Korea, Motor Vehicle Steering and Suspension Components Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 29: Western Europe, Motor Vehicle Steering and Suspension Components Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 30: Western Europe, Motor Vehicle Steering and Suspension Components Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 31: Western Europe, Motor Vehicle Steering and Suspension Components Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 32: UK, Motor Vehicle Steering and Suspension Components Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 33: UK, Motor Vehicle Steering and Suspension Components Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 34: UK, Motor Vehicle Steering and Suspension Components Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 35: Germany, Motor Vehicle Steering and Suspension Components Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 36: Germany, Motor Vehicle Steering and Suspension Components Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 37: Germany, Motor Vehicle Steering and Suspension Components Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 38: France, Motor Vehicle Steering and Suspension Components Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 39: France, Motor Vehicle Steering and Suspension Components Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 40: France, Motor Vehicle Steering and Suspension Components Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 41: Italy, Motor Vehicle Steering and Suspension Components Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 42: Italy, Motor Vehicle Steering and Suspension Components Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 43: Italy, Motor Vehicle Steering and Suspension Components Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 44: Spain, Motor Vehicle Steering and Suspension Components Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 45: Spain, Motor Vehicle Steering and Suspension Components Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 46: Spain, Motor Vehicle Steering and Suspension Components Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 47: Eastern Europe, Motor Vehicle Steering and Suspension Components Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 48: Eastern Europe, Motor Vehicle Steering and Suspension Components Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 49: Eastern Europe, Motor Vehicle Steering and Suspension Components Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 50: Russia, Motor Vehicle Steering and Suspension Components Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 51: Russia, Motor Vehicle Steering and Suspension Components Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 52: Russia, Motor Vehicle Steering and Suspension Components Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 53: North America, Motor Vehicle Steering and Suspension Components Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 54: North America, Motor Vehicle Steering and Suspension Components Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 55: North America, Motor Vehicle Steering and Suspension Components Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 56: USA, Motor Vehicle Steering and Suspension Components Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 57: USA, Motor Vehicle Steering and Suspension Components Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 58: USA, Motor Vehicle Steering and Suspension Components Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 59: Canada, Motor Vehicle Steering and Suspension Components Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 60: Canada, Motor Vehicle Steering and Suspension Components Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 61: Canada, Motor Vehicle Steering and Suspension Components Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 62: South America, Motor Vehicle Steering and Suspension Components Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 63: South America, Motor Vehicle Steering and Suspension Components Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 64: South America, Motor Vehicle Steering and Suspension Components Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 65: Brazil, Motor Vehicle Steering and Suspension Components Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 66: Brazil, Motor Vehicle Steering and Suspension Components Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 67: Brazil, Motor Vehicle Steering and Suspension Components Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 68: Middle East, Motor Vehicle Steering and Suspension Components Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 69: Middle East, Motor Vehicle Steering and Suspension Components Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 70: Middle East, Motor Vehicle Steering and Suspension Components Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 71: Africa, Motor Vehicle Steering and Suspension Components Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 72: Africa, Motor Vehicle Steering and Suspension Components Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 73: Africa, Motor Vehicle Steering and Suspension Components Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 74: Hyundai Motor Company Financial Performance
  • Figure 75: Robert Bosch GmbH Financial Performance
  • Figure 76: Denso Corporation Financial Performance
  • Figure 77: ZF Friedrichshafen AG Financial Performance
  • Figure 78: Continental Automotive Systems Corporation Financial Performance
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Frequently Asked Questions

What is the definition of the motor vehicle steering and suspension components market?

The motor vehicle steering system, which consists of several pieces and linkages, enables a driver to direct a vehicle. A motor vehicle's suspension system helps the driver maintain total control while isolating the passengers from vibrations caused by the vehicle's passage over the road's contours. For further insights on the motor vehicle steering and suspension components market, request a sample here

How will the motor vehicle steering and suspension components market drivers and restraints affect the motor vehicle steering and suspension components market dynamics? What forces will shape the motor vehicle steering and suspension components industry g

The motor vehicle steering and suspension components market major growth driver - impact of poor road quality on the growth of motor vehicle steering and suspension components market. For further insights on the motor vehicle steering and suspension compo request a sample here

What is the forecast market size or the forecast market value of the motor vehicle steering and suspension components market ?

The motor vehicle steering and suspension components market size has grown strongly in recent years. It will grow from $98.44 billion in 2023 to $106.84 billion in 2024 at a compound annual growth rate (CAGR) of 8.5%. The growth in the historic period can be attributed to manufacturing process refinement, rise in vehicle customization, market shift towards suvs and trucks, steering mechanism innovations, advancements in shock absorbers. The motor vehicle steering and suspension components market size is expected to see strong growth in the next few years. It will grow to $147.5 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%. The growth in the forecast period can be attributed to aftermarket growth, global market penetration, environmental regulations, rising demand for vehicle comfort, adaptive and active suspension systems. Major trends in the forecast period include manufacturing process innovations, electric and autonomous vehicles, advanced materials integration, enhanced safety standards, adaptive suspension systems. For further insights on the motor vehicle steering and suspension components market, request a sample here

How is the motor vehicle steering and suspension components market segmented?

The motor vehicle steering and suspension components market is segmented
1) By Type: Steering Components, Suspension Components
2) By Application: Commercial Vehicle, Passenger Car
3) By End Use: OEM, AftermarketFor further insights on the motor vehicle steering and suspension components market,
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Which region has the largest share of the motor vehicle steering and suspension components market? What are the other regions covered in the report?

Asia-Pacific was the largest region in the motor vehicle steering and suspension component market in 2023. Western Europe was the second largest market in global motor vehicle steering and suspension component market share. 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, Africa. For further insights on the motor vehicle steering and suspension components market, request a sample here.

Who are the major players in the motor vehicle steering and suspension components market?

Major companies operating in the motor vehicle steering and suspension components market report are Hyundai Motor Company, Robert Bosch GmbH, Denso Corporation, ZF Friedrichshafen AG, Continental Automotive Systems Corporation, Thyssen Krupp AG, Magna International Inc., Aisin Group, Tenneco Inc., BENTELER International AG, Knorr-Bremse AG, Nsk Steering Systems America Inc., Hella KGaA Hueck & Co., DigiKey Corporation, Nexteer Automotive Group Ltd., Fox Factory Holding Corp., KYB Americas Corporation, Gotec Plus Sun LLC, Japan Precision Instruments Inc., YAMADA North America Inc., Asama Coldwater Manufacturing, Global Steering Systems LLC, Hutchinson Aerospace & Industry Inc., Raytech Corporation, Maval Industries LLC, San-Ei Seiko America Inc., Showa Corporation, Atsco Remanufacturing Inc., Breed Corporation For further insights on the motor vehicle steering and suspension components market, request a sample here.

What are the key trends in the motor vehicle steering and suspension components market?

Major trend in the motor vehicle steering and suspension components market - advancement of magnetic ride control (mrc) technology in suspension systems. For further insights on the motor vehicle steering and suspension components market, request a sample here.

What are the major opportunities in the motor vehicle steering and suspension components market? What are the strategies for the motor vehicle steering and suspension components market?

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How does the motor vehicle steering and suspension components market relate to the overall economy and other similar markets?

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What are the latest mergers and acquisitions in the motor vehicle steering and suspension components industry?

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What are the key dynamics influencing the motor vehicle steering and suspension components market growth? SWOT analysis of the motor vehicle steering and suspension components market.

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