U.S. Automobile Steering & Suspension Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2025

Description

The U.S. automobile steering and suspension market was valued at USD 14.5 billion in 2024 and is expected to grow at a compound annual growth rate of 4.0% from 2025 to 2032, reaching USD 19.7 billion by 2032. The growth is driven by increasing vehicle production, rising demand for electric and autonomous vehicles, and advancements in steering and suspension technologies that enhance vehicle safety and performance. Consumers' growing preference for comfort and ride quality is also fueling market expansion.

Technological innovations such as electronic power steering (EPS), adaptive suspension systems, and integration of smart sensors are revolutionizing the market. Additionally, stringent government regulations focused on vehicle safety and emission standards are encouraging manufacturers to adopt advanced steering and suspension components. These factors collectively contribute to a positive outlook for the U.S. automobile steering and suspension market.

Key Insights

The market is segmented by technology into hydraulic, electro-hydraulic, electric, and active & adoptive, with electric systems accounting for the larger share.

Passenger cars dominate the end-use segment, followed by commercial vehicles and electric vehicles, where growing EV adoption is boosting demand.

Regionally, key markets include California, Texas, and Michigan, supported by strong automotive manufacturing hubs.

Technological advancements such as EPS, active suspension, and regenerative suspension systems are enhancing vehicle control, safety, and fuel efficiency.

Leading players like ZF Friedrichshafen AG, JTEKT Corporation, and NSK Ltd. focus on R&D and strategic partnerships to innovate and expand their product portfolios.

Increasing production of electric and autonomous vehicles is driving demand for sophisticated steering and suspension systems.

Government regulations on safety and emissions are pushing manufacturers to develop advanced, lightweight, and efficient components.

Growing consumer emphasis on vehicle comfort and driving experience is fueling innovations in suspension technology.

The aftermarket segment is expanding due to increasing vehicle age and demand for replacement and upgraded steering and suspension parts.

Product Code: 13428

Chapter 1. Research Scope

1.1. Research Objectives
1.2. Market Definition
1.3. Analysis Period
1.4. Market Size Breakdown by Segments
- 1.4.1. Market Size Breakdown, by Component Type
- 1.4.2. Market Size Breakdown, by Technology Type
- 1.4.3. Market Size Breakdown, by Vehicle Type
- 1.4.4. Market Size Breakdown, by Sales Channel
1.5. Market Data Reporting Unit
- 1.5.1. Revenue
1.6. Key Stakeholders

Chapter 2. Research Methodology

2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence Database
2.2. Primary Research
2.3. Market Size Estimation
2.4. Data Triangulation
2.5. Currency Conversion Rates
2.6. Assumptions for the Study
2.7. Notes and Caveats

Chapter 3. Executive Summary

Chapter 4. Market Indicators

Chapter 5. Industry Outlook

5.1. Industry Background
5.2. Market Dynamics
- 5.2.1. Trends
- 5.2.2. Drivers
- 5.2.3. Restraints/Challenges
- 5.2.4. Emerging Economies and Key Opportunities
- 5.2.5. Impact Analysis of Drivers/Restraints
5.3. Impact of COVID-19
5.4. Sociopolitical Impact
5.5. Porter's Five Forces Analysis
- 5.5.1. Bargaining Power of Buyers
- 5.5.2. Bargaining Power of Suppliers
- 5.5.3. Threat of New Entrants
- 5.5.4. Intensity of Rivalry
- 5.5.5. Threat of Substitutes
5.6. Innovation and Technology Trends
5.7. Economic and Regulatory Impact
5.8. Market Entry Strategies

Chapter 6. Competitive Landscape

6.1. List of Market Players and their Offerings
6.2. Market Share of Key Players (2024)
6.3. Competitive Benchmarking of Key Players
6.4. Product Benchmarking of Key Players
6.5. Recent Strategic Developments by Key Players
6.6. Company Leadership Matrix

Chapter 7. U.S. Market

7.1. Overview
7.2. Market Revenue, by Component Type (2019-2032)
7.3. Market Revenue, by Technology Type (2019-2032)
7.4. Market Revenue, by Vehicle Type (2019-2032)
7.5. Market Revenue, by Sales Channel (2019-2032)
7.6. Market Revenue, by Country (2019-2032)

Chapter 8. Northeast Market

8.1. Overview
8.2. Economic Indicators
8.3. Demographics and Population Insights
8.4. Regional Hotspots
8.5. Growth Drivers
8.6. Challenges and Barriers
8.7. Competitive Strategies
8.8. Emerging Players
8.9. Compliance Requirements
8.10. Emerging Investment Areas
8.11. Major Ongoing Projects
8.12. Market Size and Forecast
- 8.12.1. Market Revenue, by Component Type (2019-2032)
- 8.12.2. Market Revenue, by Technology Type (2019-2032)
- 8.12.3. Market Revenue, by Vehicle Type (2019-2032)
- 8.12.4. Market Revenue, by Sales Channel (2019-2032)

Chapter 9. Midwest Market

9.1. Overview
9.2. Economic Indicators
9.3. Demographics and Population Insights
9.4. Regional Hotspots
9.5. Growth Drivers
9.6. Challenges and Barriers
9.7. Competitive Strategies
9.8. Emerging Players
9.9. Compliance Requirements
9.10. Emerging Investment Areas
9.11. Major Ongoing Projects
9.12. Market Size and Forecast
- 9.12.1. Market Revenue, by Component Type (2019-2032)
- 9.12.2. Market Revenue, by Technology Type (2019-2032)
- 9.12.3. Market Revenue, by Vehicle Type (2019-2032)
- 9.12.4. Market Revenue, by Sales Channel (2019-2032)

Chapter 10. West Market

10.1. Overview
10.2. Economic Indicators
10.3. Demographics and Population Insights
10.4. Regional Hotspots
10.5. Growth Drivers
10.6. Challenges and Barriers
10.7. Competitive Strategies
10.8. Emerging Players
10.9. Compliance Requirements
10.10. Emerging Investment Areas
10.11. Major Ongoing Projects
10.12. Market Size and Forecast
- 10.12.1. Market Revenue, by Component Type (2019-2032)
- 10.12.2. Market Revenue, by Technology Type (2019-2032)
- 10.12.3. Market Revenue, by Vehicle Type (2019-2032)
- 10.12.4. Market Revenue, by Sales Channel (2019-2032)

Chapter 11. South Market

11.1. Overview
11.2. Economic Indicators
11.3. Demographics and Population Insights
11.4. Regional Hotspots
11.5. Growth Drivers
11.6. Challenges and Barriers
11.7. Competitive Strategies
11.8. Emerging Players
11.9. Compliance Requirements
11.10. Emerging Investment Areas
11.11. Major Ongoing Projects
11.12. Market Size and Forecast
- 11.12.1. Market Revenue, by Component Type (2019-2032)
- 11.12.2. Market Revenue, by Technology Type (2019-2032)
- 11.12.3. Market Revenue, by Vehicle Type (2019-2032)
- 11.12.4. Market Revenue, by Sales Channel (2019-2032)

Chapter 12. Company Profiles

Chapter 13. Appendix

13.1. Sources and References
13.2. Related Reports

U.S. Automobile Steering & Suspension Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2025 - 2032)