North American Class 1-3 Steering and Suspension Components Aftermarket, Forecast to 2025
|発行||Frost & Sullivan||商品コード||910108|
|出版日||ページ情報||英文 71 Pages
|北米におけるクラス1-3ステアリング・サスペンションコンポーネントのアフターマーケット：2025年までの予測 North American Class 1-3 Steering and Suspension Components Aftermarket, Forecast to 2025|
|出版日: 2019年08月23日||ページ情報: 英文 71 Pages||
当レポートでは、北米 (米国・カナダ) におけるクラス1-3ステアリング・サスペンションコンポーネントのアフターマーケットについて調査し、主要4タイプ (ボールジョイント、スウェイバーリンク、タイロッドエンド、コントロールアーム) の出荷高、収益、平均価格、流通チャネルのシェア、および主要企業の市場シェアに関する情報を提供しています。
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.