Sway Bar Links Market: Overview
Sway bar links typically range in length from 4 to 6 inches and are attached to the sway bar at 90-degree angles. Sway bar links are used to attach the sway bar’s outer end to the suspension part. Some cars only have one sway bar, whereas only a select few cars have an additional sway bar between the rear wheels. The sway bar links that join the sway bar to the suspension system will get longer as some sway bars get longer. At each end of sway bar links are typically two ball joints. This sway bar’s links have worn out over time.
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Sway bar links that are damaged have an impact on how the automobile handles, particularly if they break and the sway bar separates from one side of the car. With a broken link, the vehicle tends to lean more in corners and can tumble over or become unbalanced while in motion. Sway bar links market is anticipated to experience a substantial CAGR during the forecast period due to development in auto production.
Drivers & Restraints
A major driver for the growth of sway bar links is the automobile industry. Each vehicle that runs on the road or will run on the road is fitted with sway bar links. Mobile healthcare facilities, Construction activities, transportation of goods, e-commerce business, is fuelling the market of automotive. Increase in users of vehicles for various such purposes will fuel the demand for sway bar links. Re-used cars market has been witnessing growth across countries; such re-used cars before resale undergo refurbishment and refitting.
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Refitting of the various component in a used car brings in demand of different automobile parts in the aftermarket, which will again bring in probability for the growth of sway bar links as sway bar links need to be changed in re-used cars, which has run a vast distance.
The likelihood for restraint in the growth of sway bar link market is of minuscule magnitude. Fall in demand for automotive and subsequent decline in production of automobiles is the only circumstance in which the sway bar links market can face steep fall.
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Market Segmentation
By Vehicle type
- PC (Passenger Cars)
- LCV (Light Commercial Vehicles)
- HCV (Heavy Commercial Vehicles)
By application
- Front Suspension
- Rear Suspension
By distribution channel
- OEM
- Aftermarket
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Regional Outlook
Based on the geographic regions, global sway bar links marketing market is segmented into seven key market segments namely North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan, and Middle East & Africa. Among the regions mentioned above, APEJ will dominate the sway bar links market over the forecast period.
The countries such as China, India, and South Korea will be the key contributor to the growth of sway bar links market in the region. The growth in automotive industry and demand for vehicles in the region are the factors, which will contribute to the growth of sway bar links market in this region. North American and Western European sway bar links market is estimated to be followed by the APEJ market.
Eastern Europe market of sway bar links is expected to grow because automotive industry in a country such as Russia is on an expansion spree. Whereas Japan is a country with some of the major automobile manufacturers based there, such manufacturers will catapult the demand of sway bar links. Latin America and MEA is also expected to provide an optimistic market of sway bar links, even though both these region are devoid of any major automobile manufacturers but aftermarket and automotive service industry will provide the necessary demand of sway bar links in this particular region.
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Key Players
- Duralast
- ZF Friedrichshafen AG
- Guangzhou Karen Auto Parts Co. Ltd
- Partsmaster
- Mevotech
- Lemofrder
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