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Market Research Report

North American Class 1-3 Steering and Suspension Components Aftermarket, Forecast to 2025

Published by Frost & Sullivan Product code 910108
Published Content info 71 Pages
Delivery time: 1-2 business days
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North American Class 1-3 Steering and Suspension Components Aftermarket, Forecast to 2025
Published: August 23, 2019 Content info: 71 Pages
Description

Strong Growth in the Control Arms Product Category Will Drive the Overall Market

This research service covers Class 1-3 vehicles steering and suspension aftermarket in terms of volume (in million units) and value ($ million) in the United States and Canada. It discusses unit shipment, revenue, average price, distribution channel share, and major participants' market share in 4 product types, namely, ball joints, sway bar links, tie rod ends, and control arms. The base year for analysis is 2018 and the forecast period is from 2019 to 2025.

The North American steering and suspension aftermarket is expected to show a marginal decline in unit shipment in the coming years. Increase in Vehicles in Operation (VIO), coupled with rising average vehicle age, is the primary factor that drives the unit shipment during the forecast period. Overall, the steering and suspension market is mature and consolidated. Due to the marginal increase in average price per unit, revenues are expected to grow.

Key channel partners in this segment are warehouse distributors and retailers. Original Equipment Suppliers (OES) and warehouse distributors' shares are expected to decrease, whereas retailers and eRetailers' shares are expected to increase during the forecast period.

Distribution groups with their increasing bargaining power will restrict the price increase, due to which the overall average price is expected grow marginally during the forecast period. Major participants in the market are Federal Mogul, Mevotech, Dorman, and TRW.

The control arms product segment is the only growth segment and offsets the decline in the overall market, whereas ball joints, sway bar links, and tie rod ends are expected to decline marginally during the forecast period.

As this is a mature market with less scope for significant product differentiation and declining demand, market shares are expected to diversify due to increasing competition during the forecast period. Control arms will be the major segment and will be the deciding factor in this market, as it is expected to contribute more than 55% of the overall market revenue. Improving on factors such as fill rate, product availability, and application coverage and gaining big customer accounts will enable growth, as a major part of the revenue share is expected to be through private label brands in the future.

Key Issues Addressed:

  • What are the market sizes in terms of unit shipment and average manufacturer level revenue?
  • What are the average manufacturer level prices?
  • What will be the share of distribution channels?
  • Which are the major participants and what are their respective market shares?
  • Which brands are offered by major retailers?
Table of Contents
Product Code: K38E-18

Table of Contents

Executive Summary

  • Key Findings
  • Executive Summary-Market Engineering Measurements
  • Unit Shipment and Revenue Forecast

Research Scope

  • Research Scope

Definitions and Segmentation

  • Product Segmentation
  • Product Definitions
  • Market Definitions
  • Vehicle Segmentation

Forecasts and Trends-Total Steering and Suspension Components Aftermarket

  • Total Steering and Suspension Components Aftermarket-Unit Shipment and Revenue
  • Percent Unit Shipment Forecast by Product
  • Percent Revenue Forecast by Product
  • Unit Shipment and Revenue Forecast by Vehicle Segment Discussion
  • Overall Pricing Analysis
  • Pricing Analysis Discussion
  • Percent of Revenue by Distribution Channel
  • Percent of Revenue by Distribution Channel Discussion
  • Competitive Analysis-Market Share
  • Competitive Analysis-Market Share Discussion

Growth Opportunities and Companies to Action

  • Growth Opportunity-Establish Offline-to-online Service Network and Improve OEM Funding Interests
  • Strategic Imperatives for Success and Growth

Ball Joints Aftermarket

  • Ball Joints Aftermarket-Unit Shipment and Revenue Forecast
  • Pricing Analysis
  • Competitive Analysis-Market Share
  • Competitive Analysis-Market Share Discussion

Sway Bar Links Aftermarket

  • Sway Bar Links Aftermarket-Unit Shipment and Revenue Forecast
  • Pricing Analysis
  • Competitive Analysis-Market Share
  • Competitive Analysis-Market Share Discussion

Tie Rod Ends Aftermarket

  • Tie Rod Ends Aftermarket-Unit Shipment and Revenue Forecast
  • Unit Shipment Forecast by Product Type
  • Revenue Forecast by Product Type
  • Pricing Analysis
  • Competitive Analysis-Market Share
  • Competitive Analysis-Market Share Discussion

Control Arms Aftermarket

  • Control Arms Aftermarket-Unit Shipment and Revenue Forecast
  • Unit Shipment Forecast by Product Type
  • Revenue Forecast by Product Type
  • Pricing Analysis
  • Competitive Analysis-Market Share
  • Competitive Analysis-Market Share Discussion

Distribution Channel Participant-Supplier Matrix and Supplier Profiling

  • Distribution Channel Participants Market Share
  • Distribution Channel Participant-Supplier Matrix
  • FEDERAL-MOGUL MOTORPARTS LLC.
  • DORMAN PRODUCTS
  • Mevotech LP
  • ZF Friedrichshafen AG.
  • DELPHI TECHNOLOGIES PLC

The Last Word

  • The Last Word-3 Big Predictions
  • Legal Disclaimer

Appendix

  • Table of Acronyms Used
  • Market Engineering Methodology
  • List of Exhibits
  • List of Exhibits (continued)
  • List of Exhibits (continued)
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