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Automobile Steering & Suspension Manufacturing in Maryland

Author.Name IBISWorld United States Last Updated: April 2025 NAICS MD33633

Automobile Steering & Suspension Manufacturing in Maryland industry analysis

The Automobile Steering & Suspension Manufacturing industry in Maryland is expected to decline an annualized -x.x% to $x.x million over the five years to 2025, while the national industry will likely grow at x.x% during the same period. Industry establishments stagnated an annualized x% to x locations. Industry employment has stagnated an annualized x% to xx workers, while industry wages have decreased an annualized -x.x% to $x.x million.

Over the five years to 2030, the industry is expected to decline an annualized -x.x% to $x.x million, while the national industry is expected to grow x.x%. Industry establishments are forecast to grow x% to x locations. Industry employment is expected to decrease an annualized -x.x% to xx workers, while industry wages are forecast to decrease -x% to $x.x million.

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About the Automobile Steering & Suspension Manufacturing in Maryland Market Research Report

What’s Included in the Automobile Steering & Suspension Manufacturing in Maryland Market Research Report

Definition of the Automobile Steering & Suspension Manufacturing in Maryland?

Automobile steering and suspension manufacturers mainly manufacture and rebuild motor vehicle steering and suspension systems and components, consisting of steering wheels, shock absorbers and struts. Spring manufacturing is not included in this industry.

What’s included in the Automobile Steering & Suspension Manufacturing in Maryland?

The Automobile Steering & Suspension Manufacturing in Maryland includes manufacturing steering wheels, columns and gearboxes, manufacturing steering idler arms, drag links and control arms, manufacturing shock absorbers and struts, manufacturing tie rod ends and manufacturing other components. Related terms covered in the Automobile Steering & Suspension Manufacturing in Maryland industry report includes parts manufacturers that supply directly to automakers, suppliers that manufacture sub-components that are supplied to tier-one manufacturers, parts purchased for a vehicle that is already in use, as opposed to a vehicle being assembled, a strategy implemented to improve profitability by reducing inventory and purchasing the raw materials that are needed for the immediate term only, systems in which the physical connection is an automobile are replaced by wired communications and electronic power steering uses electric motors rather than traditional hydraulic systems and reduces weight and energy use.

Industry Performance of the Automobile Steering & Suspension Manufacturing industry in Maryland

Benchmark the Automobile Steering & Suspension Manufacturing in Maryland industry performance with all MD county and national performance.

Automobile Steering & Suspension Manufacturing in Maryland

#31 in Highest Revenue 0.1% of state's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Automobile Steering & Suspension Manufacturing in the US


Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Automobile Steering & Suspension Manufacturing industry in Maryland

See how key industry drivers, such as are impacting Automobile Steering & Suspension Manufacturing in Maryland

Maryland Economic Indicators

Population
New Business Formation

View more economic information in MD State Economic profile

US Key External Drivers

New car sales
Consumer confidence index
World price of steel

For the full list of industry drivers, see report purchase options.

County Data of the Automobile Steering & Suspension Manufacturing industry in Maryland

Access proprietary data on county in the Automobile Steering & Suspension Manufacturing in Maryland, such as Talbot County. Data includes figures on revenue, establishments, employees and wages by counties.

Key Statistics of the Automobile Steering & Suspension Manufacturing industry in Maryland

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Automobile Steering & Suspension Manufacturing industry in Maryland in 2025?

The market size of the Automobile Steering & Suspension Manufacturing industry in Maryland is $21.8m in 2025.

How many businesses are there in the Automobile Steering & Suspension Manufacturing industry in Maryland in 2025?

There are 1 businesses in the Automobile Steering & Suspension Manufacturing industry in Maryland, which has been declining at an average annual rate of 0.0% from 2020 to 2025.

Has the Automobile Steering & Suspension Manufacturing industry in Maryland grown or declined over the past 5 years?

The market size of the Automobile Steering & Suspension Manufacturing industry in Maryland has been declining at an average annual rate of -5.1% from 2020 to 2025.

How many employees in the Automobile Steering & Suspension Manufacturing industry in Maryland in 2025?

There are 64 employees in the Automobile Steering & Suspension Manufacturing industry in Maryland, which has been declining at an average annual rate of 0.0% from 2020 to 2025.