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Automobile Steering & Suspension Manufacturing in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Automobile Steering & Suspension Manufacturing Market Research Report | NAICS 33633 | Feb 2017

Smooth ride: Revived consumer demand for cars will accelerate industry recovery

IBISWorld’s Automobile Steering & Suspension Manufacturing market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Annual Growth 12-17
Annual Growth 17-22
Annual Growth
Industry Threats & Opportunities
  • Renewed domestic car demand will flow to steering and suspension manufacturers
  • Volatility in input prices led to challenges for steering and suspension manufacturers
  • Less-volatile input prices will keep profit margins steady for industry operators
  • ... purchase to read more

Industry Analysis & Industry Trends

The Automobile Steering and Suspension Manufacturing industry experienced strong growth over the five years to 2017, as automobile production improved in response to increased demand from consumers as disposable income levels rose. Moreover, changing consumer preferences contributed to industry growth, as automakers diversified their product offerings to meet new consumer demand for fuel economy and safety. Over the five years to 2022, the industry is anticipated to experience a marginal decline. New car sales are projected to decline from previous highs, which is projected to limit demand for industry auto parts. This will act to limit revenue for industry operators in addition to gradually increasing import competition... ... purchase to read more

Industry Report - Industry Key Buyers Chapter

Market share concentration within the Automobile Steering and Suspension Manufacturing industry is low to moderate, with the top four producers accounting for an estimated 34.7% of total industry revenue in 2017. Industry concentration has increased over the five years to 2017 as revenue increasingly goes to the top companies. As companies focus on providing new technology to automakers and automakers look to consolidate their supply chains, the largest companies benefit. These companies, typically large, multinationals, can operate at a more efficient scale and invest more in new technology. Moreover, large automotive parts suppliers have increased acquisition activity, as they position themselves for shifting technological changes in automobiles. As .. ... purchase to read more

Additional Insights for the Automobile Steering & Suspension Manufacturing Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Automobile Steering & Suspension Manufacturing Industry are

  • Access to the latest available and most efficient technology and techniques
  • Effective cost controls
  • Undertaking technical research and development
  • IBISWorld analysts also discuss how external factors such as Consumer Confidence Index and New car sales in the Automobile Steering & Suspension Manufacturing industry impact industry performance... purchase to read more


    Industry ProductsRelated Reports

    What is the Automobile Steering & Suspension Manufacturing Industry?

    Industry operators mainly manufacture and rebuild motor vehicle steering and suspension systems and components. These consist of steering wheels, shock absorbers and struts. Spring manufacturing is not included in this industry.

    Industry Products
    Steering wheels, columns, and gearboxesSteering idler arms, drag links, and control armsShock absorbers and strutsTie rod endsOther components
    Industry Activities
    Manufacturing steering wheels, columns and gear boxesManufacturing shock absorbersManufacturing steering idler arms, drag links and control armsManufacturing rack and pinion steering assembliesManufacturing ball joints, struts and tie rod endsRebuilding suspension and steering parts

    Table of Contents
    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Consumer Confidence Index
  • New car sales
  • World price of steel
  • Trade-weighted index
  • World price of crude oil
  • Current Performance
  • The automotive sector
  • Industry concentration
  • Accelerating globalization
  • Chart: Revenue Growth
  • Industry Outlook
  • Moderation in international trends
  • Positioning for the future
  • Table: Automobile Steering & Suspension Manufacturing Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Automobile Steering & Suspension Manufacturing Industry Lifecycle vs The Economy
  • Products & Markets
    Supply Chains
  • Key Buying Industries
  • Car & Automobile Manufacturing
  • SUV & Light Truck Manufacturing
  • Truck & Bus Manufacturing
  • Auto Parts Wholesaling
  • Key Selling Industries
  • Ball Bearing Manufacturing
  • Machine Shop Services
  • Urethane Foam Manufacturing
  • Wire & Cable Manufacturing
  • Wire & Spring Manufacturing
  • Products & Services
  • Steering wheels, columns, and gearboxes
  • Other components
  • Shock absorbers and struts
  • Steering idler arms, drag links, and control arms
  • Tie rod ends
  • Chart: Automobile Steering & Suspension Manufacturing Industry Products and Services Segmentation
  • Demand Determinants
    Major Markets
  • SUV and light truck manufacturers
  • Car and automobile manufacturers
  • Export markets
  • Heavy truck, bus and agricultural equipment manufacturers
  • Chart: Major Market Segmentation for the Automobile Steering & Suspension Manufacturing Industry
  • International Trade
    Business Locations
  • Chart: Business Locations by State
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Automobile Steering & Suspension Manufacturing
  • Basis of Competition
  • Internal competition
  • External competition
  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Automobile Steering & Suspension Manufacturing Industry
  • Industry Globalization
    Major Companies
    ZF Friedrichshafen AG
    Tenneco Inc.
    Hyundai Mobis Co., Ltd.
    Robert Bosch GmbH
  • Table: ZF Friedrichshafen AG - financial performance
  • Table: Tenneco Inc. - financial performance
  • Table: Hyundai Mobis Co., Ltd. - financial performance
  • Table: Robert Bosch GmbH - financial performance
  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Automobile Steering & Suspension Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success
  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth
  • Regulation & Policy
    Industry Assistance
    Key Statistics
  • Table: Industry Data for the Automobile Steering & Suspension Manufacturing Industry
  • Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • World Price of Steel (2008-2022)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Table: Industry Financial Ratios
  • Jargon & Glossary
  • Parts purchased for a vehicle that is already in use, as opposed to a vehicle being assembled.
  • Drive-By-Line
  • Systems where the physical connection is an automobile are replaced by wired communications.
  • Electronic Power Steering
  • Electronic power steering uses electric motors rather than traditional hydraulic systems and reduce weight and energy use.
  • Just-In-Time
  • A strategy implemented to improve profitability by reducing inventory and purchasing the raw materials that are needed for the immediate term only.
  • Tier-One Supplier
  • Parts manufacturers that supply directly to automakers.
  • Tier-Two Supplier
  • Suppliers that manufacture sub-components that are supplied to tier-one manufacturers.

  • Why Buy this Report?
    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Automobile Steering & Suspension Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Automobile Steering & Suspension Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Automobile Steering & Suspension Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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