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

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

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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

1. Executive Summary
Key Findings
Market Engineering Measurements
Unit Shipment and Revenue Forecast
2. Research Scope
Research Scope
3. Definitions and Segmentation
Product Definitions
Market Definitions
Vehicle Segmentation
4. Forecasts and Trends—Total Steering and Suspension Components Aftermarket
Total Steering and Suspension Components Aftermarket—Unit Shipment and Revenue Forecast
Percent Unit Shipment Forecast by Product
Percent Revenue Forecast by Product
Overall Pricing Analysis
Percent of Revenue by Distribution Channel
Competitive Analysis—Market Share
5. Growth Opportunities and Companies to Action
Growth Opportunity—Establish Offline-to-Online Service Network and Improve OEM Funding Interests
Strategic Imperatives for Success and Growth
6. Ball Joints Aftermarket
Unit Shipment and Revenue Forecast
Pricing Analysis
Percent of Revenue by Distribution Channel
Competitive Analysis—Market Share
7. Sway Bar Links Aftermarket
Unit Shipment and Revenue Forecast
Pricing Analysis
Percent of Revenue by Distribution Channel
Competitive Analysis—Market Share
8. Tie Rod Ends Aftermarket
9. Control Arms Aftermarket
10. The Last Word
3 Big Predictions
Legal Disclaimer
11. Appendix
Table of Acronyms Used
Market Engineering Methodology


List of Figures & Charts

1. Total Steering and Suspension Components Aftermarket: Definitions, North America, 2016
2. Total Steering and Suspension Components Aftermarket: Vehicle Segmentation, North America, 2016


1. Total Steering and Suspension Components Aftermarket: Market Engineering Measurements, North America, 2016
2. Total Steering and Suspension Components Aftermarket: Unit Shipment and Revenue Forecast, North America, 2013–2023
3. Total Steering and Suspension Components Aftermarket: Unit Shipment and Revenue Forecast, North America, 2013–2023
4. Total Steering and Suspension Components Aftermarket: Percent Revenue Forecast by Product, North America, 2013–2023
5. Total Steering and Suspension Components Aftermarket: Pricing Analysis, North America, 2013–2023
6. Total Steering and Suspension Components Aftermarket: Percent of Revenue by Distribution Channel, North America, 2016
7. Total Steering and Suspension Components Aftermarket: Percent of Revenue by Brand, North America, 2016
8. Ball Joints Aftermarket: Unit Shipment and Revenue Forecast, North America, 2013–2023
9. Ball Joints Aftermarket: Pricing Analysis, North America, 2013–2023
10. Ball Joints Aftermarket: Percent of Revenue by Distribution Channel, North America, 2016
11. Ball Joints Aftermarket: Percent of Revenue by Brand, North America, 2016
12. Sway Bar Links Aftermarket: Unit Shipment and Revenue Forecast, North America, 2013–2023
13. Sway Bar Links Aftermarket: Pricing Analysis, North America, 2013–2023
14. Sway Bar Links Aftermarket: Percent of Revenue by Distribution Channel, North America, 2016
15. Sway Bar Links Aftermarket: Percent of Revenue by Brand, North America, 2016
16. Tie Rod Ends Aftermarket: Unit Shipment and Revenue Forecast, North America, 2013–2023
17. Tie Rod Ends Aftermarket: Percent Unit Shipment Forecast by Product Type, North America, 2013–2023
18. Tie Rod Ends Aftermarket: Percent Revenue Forecast by Product Type, North America, 2013–2023
19. Tie Rod Ends Aftermarket: Pricing Analysis, North America, 2013–2023
20. Tie Rod Ends Aftermarket: Percent of Revenue by Distribution Channel, North America, 2016
21. Tie Rod Ends Aftermarket: Percent of Revenue by Brand, North America, 2016
22. Control Arms Aftermarket: Unit Shipment and Revenue Forecast, North America, 2013–2023
23. Control Arms Aftermarket: Percent Unit Shipment Forecast by Product Type, North America, 2013–2023
24. Control Arms Aftermarket: Percent Revenue Forecast by Product Type, North America, 2013–2023
25. Control Arms Aftermarket: Pricing Analysis, North America, 2013–2023
26. Control Arms Aftermarket: Percent of Revenue by Distribution Channel, North America, 2016
27. Control Arms Aftermarket: Percent of Revenue by Brand, North America, 2016



Keyword1
suspension aftermarket
Keyword2
class 1-3 steering
Keyword3
suspension aftermarket

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