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 demand for industry products. Though imports and high steel prices pose threats, a more stable automotive sector will support revenue growth.
Companies in this industry 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.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.