The global automotive anti-roll bar market size has the potential to grow by USD 359.41 million during 2020-2024. The market’s growth momentum will accelerate throughout the forecast period.
This report provides a detailed analysis of the market by application (passenger cars and commercial vehicles) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Chuo Spring Co. Ltd., Eibach Inc., Farinia Group, Kongsberg Automotive ASA, Muhr und Bender KG, NHK Spring Co. Ltd., Schaeffler AG, Sogefi Spa, thyssenkrupp AG, and ZF Friedrichshafen AG.
Market Overview
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Market Competitive Analysis
The automotive anti-roll bar market is fragmented. The degree of fragmentation will increase over the forecast period. Vendors are innovating products to expand product portfolios and increase sales. Sogefi Spa, thyssenkrupp AG, and ZF Friedrichshafen AG are a few of the significant market participants. Although the growing popularity of utility vehicles will offer immense business opportunities to the vendors, the sharp decline in passenger car production and sales will challenge the growth of many. To make the most of the opportunities, market vendors should focus more on growth prospects in fast-growing segments, while maintaining their positions in slow-growing segments.
To help clients improve their market positions, this automotive anti-roll bar market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of the companies. The report also covers details on the market’s competitive landscape and provides information on the products offered by various companies. This automotive anti-roll bar market analysis report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
This report provides information on the production, sustainability, and prospects of several leading automotive anti-roll bar companies, including:
- Chuo Spring Co. Ltd.
- Eibach Inc.
- Farinia Group
- Kongsberg Automotive ASA
- Muhr und Bender KG
- NHK Spring Co. Ltd.
- Schaeffler AG
- Sogefi Spa
- thyssenkrupp AG
- ZF Friedrichshafen AG
Automotive Anti-roll Bar Market: Segmentation by Region
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APAC was the largest market for automotive anti-roll bar in 2019, and the region will continue to offer maximum growth opportunities to vendors over the forecast period. The high penetration of entry- and mid-segment vehicles and the growing sales and production of automobiles have increased the sales of anti-roll bars in the region. As a result, the automotive anti-roll bar market growth in APAC will be substantial over the forecast period.
Almost 49% of the overall market’s growth will originate from APAC during the forecast period. China and India are the key markets for automotive anti-roll bar in the region. The market growth rate in this region will be slower than the market in MEA, South America, and North America during the forecast period.
Automotive Anti-roll Bar Market: Segmentation by Application
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High awareness about vehicle safety and the increasing need for driving comfort have augmented the penetration of automotive anti-roll bars in the passenger cars segment. Moreover, the rising adoption of high-performance passenger cars and the growing awareness about vehicle safety are compelling OEMs to install more than one anti-roll bar in such cars. As a result, the automotive anti-roll bar market growth by the passenger cars segment will be substantial.
The growth of the market in the passenger cars market segment is expected to be slower compared with the commercial vehicles market segment over the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the automotive anti-roll bar market size.
Automotive Anti-roll Bar Market: Key Drivers and Trends
Automotive anti-roll bars are extensively used in vehicles with high ground clearance, especially utility vehicles. Enhanced comfort in utility vehicles is a result of incorporating advanced suspension systems. Anti-roll bars play an essential role in a vehicle’s suspension system for enhancing vehicle safety and performance. Moreover, vendors are offering advanced products such as electromechanical anti-roll bars for SUVs that are designed with off-road capabilities and high-traction control over multi-type terrains. Therefore, the increasing adoption of utility vehicles such as SUVs and CUVs will have a positive impact on the global automotive anti-roll bar market growth over the forecast period.
- The integration of new electronic chassis control systems with technologically advanced components such as anti-roll bars, air springs, and bushings has improved vehicle ride comfort and safety.
- Prominent vehicle OEMs are installing adjustable anti-roll bars for better vehicle handling, reduced articulation stiffness, and minimized single wheel stiffness.
- Advanced automotive chassis control systems are likely to be featured significantly in mid-segment vehicles during the forecast period, which is one of the critical automotive anti-roll bars market trends.
- The automotive anti-roll bar market size will grow at a CAGR of almost 2% during 2020-2024.
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Automotive Anti-roll Bar Market: Key Highlights of the Report for the Forecast Period 2020-2024
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will accelerate the growth of the automotive anti-roll bar market during the next five years
- Precise estimation of the global automotive anti-roll bar market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the automotive anti-roll bar industry in APAC, Europe, MEA, North America, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of automotive anti-roll bar vendors
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