Industry Analysis & Industry Trends
After a severe recessionary downturn, demand for steering and suspension components will improve in the next five years. As consumer demand for cars accelerates and more inventory is moved, domestic car production will steadily ramp up, as will the need for industry products. Though imports and high steel prices pose threats, revenue growth will be backed by a more stable automotive sector... purchase to read more
Industry Report - Industry Locations Chapter
The spread of establishments within the Automobile Steering and Suspension Manufacturing industry is most prominent in the Great Lakes, West and Southeast regions of the country. In general, firms locate close to industry clients, including domestic motor vehicle manufacturers around the Detroit area and the foreign-owned manufacturers in the Southeast region. Locating close to a customer base has been necessary for industry firms to reduce lead times and therefore reduce inventory holding costs in transit.
Although California has over 14.0% of total establishments, the state only supports about 2.5% of total industry employment, implying that average size of establishments in California are relatively small and mainly service the aftermarket in that state... purchase to read more