Motor Vehicle Steering and Suspension Components Global Market Report 2024

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

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Motor Vehicle Steering and Suspension Components Global Market Report 2024

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Motor Vehicle Steering and Suspension Components Market Definition

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.

Motor Vehicle Steering and Suspension Components Market Segmentation

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

Global Motor Vehicle Steering and Suspension Components Market Size 2023 to 2028: Graph

Motor Vehicle Steering and Suspension Components Market Size 2024 And Growth Rate

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.

Motor Vehicle Steering and Suspension Components Market Growth Forecast

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.

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Motor Vehicle Steering and Suspension Components Market Driver: 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 market (except springs) 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.

Motor Vehicle Steering and Suspension Components Market Driver: 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.

Global Motor Vehicle Steering and Suspension Components Market Major Players

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

Global Motor Vehicle Steering and Suspension Components Market Restraint: 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 (except springs) 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 (except springs) market.

Global Motor Vehicle Steering and Suspension Components Market Trend: 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 magnetised 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.

Global Motor Vehicle Steering and Suspension Components Market Trend: 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.

Motor Vehicle Steering and Suspension Components Market Merger And Acquisition:

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.

Regional Insights For The Global Motor Vehicle Steering and Suspension Components Market

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 Forecast And Analysis

Report Attribute	Details
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 Scope	Request for Sample
Pricing And Purchase Options	Explore Purchase Options

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?

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, request a sample here

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?

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?

For detailed insights on the major opportunities and strategies in the motor vehicle steering and suspension components market, request a sample here.

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

For detailed insights on motor vehicle steering and suspension components market's relation to the overall economy and other similar markets, request a sample here.

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

For detailed insights on the mergers and acquisitions in the motor vehicle steering and suspension components industry, request a sample here.

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.

For detailed insights on the key dynamics influencing the motor vehicle steering and suspension components market growth and SWOT analysis of the motor vehicle steering and suspension components industry, request a sample here.