Track Suspension Link Arm Market
Track Suspension Link Arm Market Forecasts to 2030 - Global Analysis By Type (Rear Suspension, Front Suspension and Other Types), Application, and By Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $2,961.7 MN |
|
Projected Year Value (2030) |
US $4,482.9 MN |
|
CAGR (2023 - 2030) |
6.1% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Highest Growing Market |
Europe |
According to Stratistics MRC, the Global Track Suspension Link Arm Market is accounted for $2,961.7 million in 2023 and is expected to reach $4,482.9 million by 2030 growing at a CAGR of 6.1% during the forecast period. The Track Suspension Link Arm is a crucial component in a vehicle's suspension system, responsible for connecting the suspension components to the chassis. It plays a pivotal role in maintaining stability, handling, and overall ride quality. It contributes to the vehicle's overall performance by assisting in weight distribution, minimizing body roll, and enhancing traction. Regular inspection and maintenance of the link arms are essential for ensuring optimal suspension performance and, consequently, a smooth and controlled driving experience.
Market Dynamics:
Driver:
Increasing urbanization
The growing urban population contributes to a higher frequency of wear and tear on vehicles, increasing the demand for replacement parts, including track suspension link arms. It plays a crucial role in providing stability, handling, and control, especially in stop-and-go traffic, tight turns, and uneven road surfaces commonly found in urban areas. Furthermore, it directly impacts the production and sales of automobiles, consequently driving the market for track suspension link arms.
Restraint:
High cost
The materials used in manufacturing track suspension link arms can be expensive due to the fact that they often require high-strength materials like advanced alloys or composites, which adds to the overall cost of production. Moreover, techniques such as CNC machining or 3D printing and research and development activities also contribute to the overall cost of production, which impedes market expansion.
Opportunity:
Increased vehicle safety standards
Stringent safety regulations imposed by governments and automotive safety organizations worldwide demand advanced safety features and robust designs in vehicle components, including suspension systems. This includes considerations for impact resistance, durability, and overall performance under various driving conditions. Moreover, these arms contribute to maintaining proper wheel contact with the road, reducing the risk of skidding and improving overall vehicle stability, which drives this market.
Threat:
Lack of awareness
The complexity of the technology involved and the limited exposure to information about track suspension link arms contribute to this lack of awareness. Consumers and stakeholders may not be fully aware of the specific features and advantages. Additionally, limited marketing budgets or a focus on other product lines may result in inadequate communication of the advantages, which hinders market size.
Covid-19 Impact
The COVID-19 pandemic has had several negative impacts on the market. One of the primary challenges has been the disruption in the global supply chain. Many manufacturers source raw materials internationally, and pandemic-related restrictions, lockdowns, and logistical issues have led to delays in production and distribution. Moreover, automotive manufacturing plants faced shutdowns or reduced capacities, impacting the production volumes of suspension-related parts, which are hampering this market.
The rear suspension segment is expected to be the largest during the forecast period
The rear suspension segment is estimated to hold the largest share due to the rear suspension being responsible for managing the movement of the rear wheels, ensuring stability, comfort, and optimal handling. It is often part of a multi-link or independent rear suspension setup that connects the rear axle or wheel hub to the vehicle's chassis. Furthermore, the design and quality significantly influence the vehicle's ride characteristics, including traction, cornering, and overall responsiveness, which is boosting this segment’s growth.
The passenger vehicles segment is expected to have the highest CAGR during the forecast period
The passenger vehicle segment is anticipated to have highest CAGR during the forecast period due to a vital component of the vehicle's suspension system connecting the suspension components to the chassis and influencing the overall ride quality and handling characteristics. In addition, the design and engineering of these components are tailored to meet the specific performance requirements and comfort standards expected in passenger vehicles, which is driving this segment’s size.
Region with largest share:
North America commanded the largest market share during the extrapolated period owing to the production, distribution, and demand for specifically designed vehicles operating in this region. This is home to some of the major players, such as Continental AG, Yorozu Corporation, Tenneco Inc., and Delphi Technologies. Furthermore, it is also responsive to trends in fuel efficiency, environmental considerations, and advancements in suspension technology, which are thereby driving this region’s expansion.
Region with highest CAGR:
Europe is expected to witness highest CAGR over the projection period. Europe is a key player in the global automotive industry, characterized by a strong focus on innovation and environmental considerations. The region emphasizes sustainability, driving manufacturers to explore materials with reduced environmental impact and enhanced recyclability. Additionally, regulations often lead to the adoption of cutting-edge safety features, influencing the design and functionality, which is propelling the growth of this region.
Key players in the market
Some of the key players in the Track Suspension Link Arm Market include Eibach Springs, Moog Inc., TRW Automotive, Delphi Technologies, Hellwig Products, Mevotech LP, Rubicon Express, CTR Corporation, Skyjacker Suspensions, SKF Group, Dorman Products, Inc. and ACDelco
Key Developments:
In February 2023, Dorman Products Inc. has announced the release of 400 new motor vehicle parts, including what the company says are 130 aftermarket exclusives.
In August 2021, Mevotech announced the release of the first-to-market complete front end coverage for the Tesla Model S.
Types Covered:
• Rear Suspension
• Front Suspension
• Other Types
Applications Covered:
• Off-Road Vehicles
• Sports Cars and Performance Vehicles
• Passenger Vehicles
• Commercial Vehicles
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Track Suspension Link Arm Market, By Type
5.1 Introduction
5.2 Rear Suspension
5.3 Front Suspension
5.4 Other Types
6 Global Track Suspension Link Arm Market, By Application
6.1 Introduction
6.2 Off-Road Vehicles
6.3 Sports Cars and Performance Vehicles
6.5 Passenger Vehicles
6.6 Commercial Vehicles
6.7 Other Applications
7 Global Track Suspension Link Arm Market, By Geography
7.1 Introduction
7.2 North America
7.2.1 US
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 UK
7.3.3 Italy
7.3.4 France
7.3.5 Spain
7.3.6 Rest of Europe
7.4 Asia Pacific
7.4.1 Japan
7.4.2 China
7.4.3 India
7.4.4 Australia
7.4.5 New Zealand
7.4.6 South Korea
7.4.7 Rest of Asia Pacific
7.5 South America
7.5.1 Argentina
7.5.2 Brazil
7.5.3 Chile
7.5.4 Rest of South America
7.6 Middle East & Africa
7.6.1 Saudi Arabia
7.6.2 UAE
7.6.3 Qatar
7.6.4 South Africa
7.6.5 Rest of Middle East & Africa
8 Key Developments
8.1 Agreements, Partnerships, Collaborations and Joint Ventures
8.2 Acquisitions & Mergers
8.3 New Product Launch
8.4 Expansions
8.5 Other Key Strategies
9 Company Profiling
9.1 Eibach Springs
9.2 Moog Inc.
9.3 TRW Automotive
9.4 Delphi Technologies
9.5 Hellwig Products
9.6 Mevotech LP
9.7 Rubicon Express
9.8 CTR Corporation
9.9 Skyjacker Suspensions
9.10 SKF Group
9.11 Dorman Products, Inc.
9.12 ACDelco
List of Tables
1 Global Track Suspension Link Arm Market Outlook, By Region (2021-2030) ($MN)
2 Global Track Suspension Link Arm Market Outlook, By Type (2021-2030) ($MN)
3 Global Track Suspension Link Arm Market Outlook, By Rear Suspension (2021-2030) ($MN)
4 Global Track Suspension Link Arm Market Outlook, By Front Suspension (2021-2030) ($MN)
5 Global Track Suspension Link Arm Market Outlook, By Other Types (2021-2030) ($MN)
6 Global Track Suspension Link Arm Market Outlook, By Application (2021-2030) ($MN)
7 Global Track Suspension Link Arm Market Outlook, By Off-Road Vehicles (2021-2030) ($MN)
8 Global Track Suspension Link Arm Market Outlook, By Sports Cars and Performance Vehicles (2021-2030) ($MN)
9 Global Track Suspension Link Arm Market Outlook, By Passenger Vehicles (2021-2030) ($MN)
10 Global Track Suspension Link Arm Market Outlook, By Commercial Vehicles (2021-2030) ($MN)
11 Global Track Suspension Link Arm Market Outlook, By Other Applications (2021-2030) ($MN)
12 North America Track Suspension Link Arm Market Outlook, By Country (2021-2030) ($MN)
13 North America Track Suspension Link Arm Market Outlook, By Type (2021-2030) ($MN)
14 North America Track Suspension Link Arm Market Outlook, By Rear Suspension (2021-2030) ($MN)
15 North America Track Suspension Link Arm Market Outlook, By Front Suspension (2021-2030) ($MN)
16 North America Track Suspension Link Arm Market Outlook, By Other Types (2021-2030) ($MN)
17 North America Track Suspension Link Arm Market Outlook, By Application (2021-2030) ($MN)
18 North America Track Suspension Link Arm Market Outlook, By Off-Road Vehicles (2021-2030) ($MN)
19 North America Track Suspension Link Arm Market Outlook, By Sports Cars and Performance Vehicles (2021-2030) ($MN)
20 North America Track Suspension Link Arm Market Outlook, By Passenger Vehicles (2021-2030) ($MN)
21 North America Track Suspension Link Arm Market Outlook, By Commercial Vehicles (2021-2030) ($MN)
22 North America Track Suspension Link Arm Market Outlook, By Other Applications (2021-2030) ($MN)
23 Europe Track Suspension Link Arm Market Outlook, By Country (2021-2030) ($MN)
24 Europe Track Suspension Link Arm Market Outlook, By Type (2021-2030) ($MN)
25 Europe Track Suspension Link Arm Market Outlook, By Rear Suspension (2021-2030) ($MN)
26 Europe Track Suspension Link Arm Market Outlook, By Front Suspension (2021-2030) ($MN)
27 Europe Track Suspension Link Arm Market Outlook, By Other Types (2021-2030) ($MN)
28 Europe Track Suspension Link Arm Market Outlook, By Application (2021-2030) ($MN)
29 Europe Track Suspension Link Arm Market Outlook, By Off-Road Vehicles (2021-2030) ($MN)
30 Europe Track Suspension Link Arm Market Outlook, By Sports Cars and Performance Vehicles (2021-2030) ($MN)
31 Europe Track Suspension Link Arm Market Outlook, By Passenger Vehicles (2021-2030) ($MN)
32 Europe Track Suspension Link Arm Market Outlook, By Commercial Vehicles (2021-2030) ($MN)
33 Europe Track Suspension Link Arm Market Outlook, By Other Applications (2021-2030) ($MN)
34 Asia Pacific Track Suspension Link Arm Market Outlook, By Country (2021-2030) ($MN)
35 Asia Pacific Track Suspension Link Arm Market Outlook, By Type (2021-2030) ($MN)
36 Asia Pacific Track Suspension Link Arm Market Outlook, By Rear Suspension (2021-2030) ($MN)
37 Asia Pacific Track Suspension Link Arm Market Outlook, By Front Suspension (2021-2030) ($MN)
38 Asia Pacific Track Suspension Link Arm Market Outlook, By Other Types (2021-2030) ($MN)
39 Asia Pacific Track Suspension Link Arm Market Outlook, By Application (2021-2030) ($MN)
40 Asia Pacific Track Suspension Link Arm Market Outlook, By Off-Road Vehicles (2021-2030) ($MN)
41 Asia Pacific Track Suspension Link Arm Market Outlook, By Sports Cars and Performance Vehicles (2021-2030) ($MN)
42 Asia Pacific Track Suspension Link Arm Market Outlook, By Passenger Vehicles (2021-2030) ($MN)
43 Asia Pacific Track Suspension Link Arm Market Outlook, By Commercial Vehicles (2021-2030) ($MN)
44 Asia Pacific Track Suspension Link Arm Market Outlook, By Other Applications (2021-2030) ($MN)
45 South America Track Suspension Link Arm Market Outlook, By Country (2021-2030) ($MN)
46 South America Track Suspension Link Arm Market Outlook, By Type (2021-2030) ($MN)
47 South America Track Suspension Link Arm Market Outlook, By Rear Suspension (2021-2030) ($MN)
48 South America Track Suspension Link Arm Market Outlook, By Front Suspension (2021-2030) ($MN)
49 South America Track Suspension Link Arm Market Outlook, By Other Types (2021-2030) ($MN)
50 South America Track Suspension Link Arm Market Outlook, By Application (2021-2030) ($MN)
51 South America Track Suspension Link Arm Market Outlook, By Off-Road Vehicles (2021-2030) ($MN)
52 South America Track Suspension Link Arm Market Outlook, By Sports Cars and Performance Vehicles (2021-2030) ($MN)
53 South America Track Suspension Link Arm Market Outlook, By Passenger Vehicles (2021-2030) ($MN)
54 South America Track Suspension Link Arm Market Outlook, By Commercial Vehicles (2021-2030) ($MN)
55 South America Track Suspension Link Arm Market Outlook, By Other Applications (2021-2030) ($MN)
56 Middle East & Africa Track Suspension Link Arm Market Outlook, By Country (2021-2030) ($MN)
57 Middle East & Africa Track Suspension Link Arm Market Outlook, By Type (2021-2030) ($MN)
58 Middle East & Africa Track Suspension Link Arm Market Outlook, By Rear Suspension (2021-2030) ($MN)
59 Middle East & Africa Track Suspension Link Arm Market Outlook, By Front Suspension (2021-2030) ($MN)
60 Middle East & Africa Track Suspension Link Arm Market Outlook, By Other Types (2021-2030) ($MN)
61 Middle East & Africa Track Suspension Link Arm Market Outlook, By Application (2021-2030) ($MN)
62 Middle East & Africa Track Suspension Link Arm Market Outlook, By Off-Road Vehicles (2021-2030) ($MN)
63 Middle East & Africa Track Suspension Link Arm Market Outlook, By Sports Cars and Performance Vehicles (2021-2030) ($MN)
64 Middle East & Africa Track Suspension Link Arm Market Outlook, By Passenger Vehicles (2021-2030) ($MN)
65 Middle East & Africa Track Suspension Link Arm Market Outlook, By Commercial Vehicles (2021-2030) ($MN)
66 Middle East & Africa Track Suspension Link Arm Market Outlook, By Other Applications (2021-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
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