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Automobile Steering & Suspension Manufacturing in the US - Industry Market Research Report

  • March 2016
  • 39 pages
  • Ibisworld
Report ID: 590595

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Smooth ride: Revived consumer demand for cars will accelerate industry recovery



Abstract

Automobile Steering & Suspension Manufacturing in the US

After a severe recessionary downturn, demand for steering and suspension components has improved in the current period. As consumer demand for cars accelerates and more inventory improves, domestic car production will steadily ramp up, as will demand for industry products. Demand will continue to improve in the next five years. Though imports and volatile prices for steel and crude oil threaten the industry, a more stable automotive sector will support revenue growth.

Companies in this industry mainly manufacture and rebuild motor vehicle steering and suspension systems and components. These consist of steering wheels, shock absorbers and struts. Spring manufacturing is not included in this industry.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.



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