Global Suspension Arm Market: Overview
The suspension technology works to lessen and stop road shocks, resulting in a smooth driving experience. The ball joint connects the suspension arm, also known as a wishbone suspension or a track control arm, to the vehicle’s chassis and wheels. Because they absorb the stresses of the road acting on the wheels, the suspension arm is crucial for steering and changing directions when driving.
When the suspension arm is damaged, the tyre, brake pads, and shock absorbers may wear out sooner than they should. Reduced traction and loss of control may result from damage to any of these parts. The suspension arm is made from durable materials like high-quality cast iron, pressed steel, or aluminium.
The materials used to produce suspension arms are frequently surface treated, with cataphoresis electrostatic coating being the most popular method used to make them rust-resistant. During the forecast period, the market for suspension arms is anticipated to grow strongly, with most of the growth concentrated in the Asia Pacific region.
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Drivers and Restraints
The global suspension arm market is driven by the growth of the auto component industries globally. The strict regulations for the fuel economy propel the automaker to upgrade the automotive features which aid in the increase of suspension arm sales. Further, the factors such as anti-corrosive, quick and easy to fit, highly reliable features drive the global suspension arm market. The trend prevailing in the auto component industries is the increasing OEM tie-ups with the component manufacturers globally.
Region wise Outlook
The global suspension arm market is divided into seven regions, namely North America, Latin America, Asia Pacific excluding Japan (APEJ), Western Europe, Eastern Europe, Japan and Middle East and Africa (MEA). The suspension arm market in APEJ region is quite robust owing to the high market potential for growth of auto component industries.
Moreover, the availability of labors, low-cost manufacturing in Asian countries such as China, India, South Korea, and Taiwan drives the suspension arm market in the region. Regarding the export rate, Western European countries dominate the auto components parts exporting worldwide. The suspension arm market in Japan and North America are expected to expand at moderate CAGR during the forecast period.
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- MAS Industries
- Amtek Industries
- Delphi Automotive PLC
- Lemdor Control Arm Co., Ltd
- TRW Automotive Holdings Corp.
- HIGH LINK AUTOPARTS CO., LTD.
- TAHIKO Co., Ltd.
- ROLEC Gehäuse-Systeme GmbH
- Somic ZF Components Pvt. Ltd.
- SANKEI Industry Co.,Ltd.
- THK RHYTHM CO., LTD.
- Federal-Mogul Motorparts Corporation
The report covers exhaustive analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
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Regional analysis includes
- North America (Canada, The U.S.)
- Latin America (Mexico, Brazil, Rest Of Latin America )
- Western Europe (Germany, Italy, France, U.K, Spain, Netherlands, BENELUX, Nordic countries )
- Eastern Europe ( Russia, Rest Of Eastern Europe)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC countries, S. Africa, and Rest Of MEA)
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