The Motor Vehicle Steering And Suspension Components Global Market Report 2023, provides comprehensive information on the motor vehicle steering and suspension components market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
Learn More On The Motor Vehicle Steering And Suspension Components Market’s Growth:
As per The Business Research Company’s Motor Vehicle Steering And Suspension Components Global Market Report 2023, the global motor vehicle steering and suspension components market grew from $90.91 billion in 2022 to $100.46 billion in 2023 at a compound annual growth rate (CAGR) of 10.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The motor vehicle steering and suspension components market is expected to grow from $147.03 billion in 2027 at a CAGR of 10.0%.
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The motor vehicle steering and suspension components market is segmented:
By Type:
Steering Components
Suspension Components
By Application:
Commercial Vehicle
Passenger Car
By End Use:
OEM
Aftermarket
Top Major Companies
Bosch
Hyundai
TennaCo.
Denso
Hella
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Asia-Pacific was the largest region in the motor vehicle steering and suspension components market in 2022.
The table of contents in TBRC’s motor vehicle steering and suspension components market report includes:
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Table 1: Global Historic Market Growth, 2017-2022, $ Billion
Table 2: Global Forecast Market Growth, 2017-2022, 2027F, 2032F, $ Billion
Table 3: Global Motor Vehicle Steering and Suspension Components Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
Table 4: Global Motor Vehicle Steering and Suspension Components Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
Table 5: Global Motor Vehicle Steering and Suspension Components Market, Split By Region, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
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Table 26: Bosch Financial Performance
Table 27: Hyundai Financial Performance
Table 28: Tennaco Financial Performance
Table 29: Denso Financial Performance
Table 30: Hella Financial Performance
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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