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Pre-assembled Struts Driving Market to $1 Billion
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This report covers the light vehicles’ ride control components aftermarket in terms of volume and value across the United States and Canada. It provides the qualitative and quantitative aspects such as market trends and market metrics. Increase in vehicles in operation (VIO), coupled with rising average vehicle age, will help the units grow during the forecast period. The report covers the segments of shock absorbers, strut mounts, coil springs, and struts and strut assemblies.Unit shipments will experience a marginal growth, considering the fact that the market is mature and the overall market is consolidated. Due to change in consumer behavior of replacing the entire strut assembly instead of independently replacing struts and coil springs, the revenues will experience higher growth than unit shipments. Key channel partners in this segment are warehouse distributors and retailers. Increasing prevalence of private labelling among distributors, coupled with the consolidation of distributors in the aftermarket, is expected to put downward pressure on prices as well as reduce the bargaining power of ride control components suppliers in North America.
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