North American Class 1-3 Steering and Suspension Components Aftermarket, Forecast to 2023

North American Class 1-3 Steering and Suspension Components Aftermarket, Forecast to 2023 Updated Research Available

Control Arms Replacement will be the Growth Driver for Most Market Participants

RELEASE DATE
14-Nov-2017
REGION
North America
Research Code: K22C-01-00-00-00
SKU: AU01585-NA-MR_21116
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Description

This study covers class 1-3 vehicles steering and suspension aftermarket in terms of volume (in million units) and value ($ million) across the United States and Canada. It discusses unit shipment, revenue, average price, distribution channel share, and major participants’ market share for four product types namely, ball joints, sway bar links, tie rod ends, and control arms. The base year for analysis is 2016 and the forecast period is from 2017 to 2023.

The North American steering and suspension aftermarket is expected to show moderate growth 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 unit shipment will grow marginally, considering the fact that the market is mature and that the overall market is consolidated. Additionally, due to the marginal increase in average price per unit, the revenue will experience a relatively higher growth.

Key channel partners in this segment are warehouse distributors and retailers. The shares of OES and warehouse distributors are expected to decrease, whereas the share of retailers and eRetailers are expected to increase during the forecast period.

Control arms and sway bar links product segments will drive overall market growth, whereas ball joints and tie rod ends are expected to decline marginally 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 to grow marginally during the forecast period. The major participants are Federal Mogul, Mevotech, Dorman, and TRW.

As this is a mature market with less scope for significant product differentiation and marginally increasing unit shipment, market shares are expected to diversify due to increasing competition during the forecast period. Improving on factors such as fill rate, product availability, application coverage, and gaining big customer accounts will enable growth, as a major part of the revenue share would be through private label brands in the future.

The following are the key points this study will cover:
• Total Class 1-3 steering and suspension unit and by product type
• Total Class 1-3 steering and suspension revenue and by product type
• Average Class 1-3 steering and suspension pricing at manufacturer level and by product type
• Total Class 1-3 steering and suspension distribution channel analysis and by product type
• Total Class 1-3 steering and suspension major participants’ market shares and by product type

Table of Contents

Key Findings

Executive Summary—Market Engineering Measurements

Unit Shipment and Revenue Forecast

Research Scope

Product Definitions

Market Definitions

Vehicle Segmentation

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 Opportunity—Establish Offline-to-Online Service Network and Improve OEM Funding Interests

Strategic Imperatives for Success and Growth

Ball Joints Aftermarket—Unit Shipment and Revenue Forecast

Unit Shipment and Revenue Forecast Discussion

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

Sway Bar Links Aftermarket—Unit Shipment and Revenue Forecast

Unit Shipment and Revenue Forecast Discussion

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

Tie Rod Ends Aftermarket—Unit Shipment and Revenue Forecast

Percent Unit Shipment Forecast by Product Type

Percent Revenue Forecast by Product Type

Unit Shipment and Revenue Forecast Discussion

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

Control Arms Aftermarket—Unit Shipment and Revenue Forecast

Percent Unit Shipment Forecast by Product Type

Percent Revenue Forecast by Product Type

Unit Shipment and Revenue Forecast Discussion

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

The Last Word—3 Big Predictions

Legal Disclaimer

Table of Acronyms Used

Market Engineering Methodology

Related Research
This study covers class 1-3 vehicles steering and suspension aftermarket in terms of volume (in million units) and value ($ million) across the United States and Canada. It discusses unit shipment, revenue, average price, distribution channel share, and major participants’ market share for four product types namely, ball joints, sway bar links, tie rod ends, and control arms. The base year for analysis is 2016 and the forecast period is from 2017 to 2023. The North American steering and suspension aftermarket is expected to show moderate growth 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 unit shipment will grow marginally, considering the fact that the market is mature and that the overall market is consolidated. Additionally, due to the marginal increase in average price per unit, the revenue will experience a relatively higher growth. Key channel partners in this segment are warehouse distributors and retailers. The shares of OES and warehouse distributors are expected to decrease, whereas the share of retailers and eRetailers are expected to increase during the forecast period. Control arms and sway bar links product segments will drive overall market growth, whereas ball joints and tie rod ends are expected to decline marginally 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 to grow marginally during the forecast period. The major participants are Federal Mogul, Mevotech, Dorman, and TRW. As this is a mature market with less scope for significant product differentiation and marginally increasing unit shipment, market shares are expected to diversify due to increasing competition during the forecast period. Improving on factors such as fill rate, product availability, applic
More Information
No Index No
Podcast No
Author Vasanth Raj
Industries Automotive
WIP Number K22C-01-00-00-00
Keyword 1 suspension aftermarket
Keyword 2 Class 1-3 Steering
Keyword 3 Suspension Components
Is Prebook No
GPS Codes 9800-A6,9801-A6,9AF6-A6