Automotive Anti-Roll Bar Market Size, Share & Industry Analysis, By Product Type (Solid, Hollow), By Vehicle Type (PC, LCV, HCV) and Regional Forecast, 2024-2032
KEY MARKET INSIGHTS
The suspension system is the essential component as it helps to improve safety, comfort, and handling of the vehicle. In recent years advanced suspension system is equipped with anti-roll bars for enhanced handling and security of the vehicle. The automotive anti-roll bar prevents the vehicle from over leaning and keeps it stable while taking a sharp turn at high speed. The anti-roll bar works when the vehicle is leaning on one side while making a turn. It provides counterbalancing to the other side of the wheel with the help of suspension and prevents the vehicle from moving off-road.
Key Market Driver -
Rising production of lightweight and advanced anti-roll will drive the growth of the market.
Key Market Restraint -
Fluctuating raw material prices is expected to restrain the growth of anti-roll bar market.
As the body roll is reduced with the help of the anti-roll bar, vehicle handling becomes more comfortable. The growing inclination of consumers towards safe and convenient handling is anticipated to drive the market over the forecast period. The low cost of the anti-roll bar is also another factor that is expected to drive the anti-roll bar market over the forecast period. Key manufacturers are focusing on manufacturing anti-roll bars that are light in weight, made up of composite material. This is another factor that is fueling the growth of the anti-roll bar during the forecast period.
Key Players Covered in the Automotive Anti-roll bar Market:
Some of the major companies that are present in the automotive anti-roll bar market include Sway Tec, Thyssenkrupp, Tinsley Bridge, NHK International, Fawer, SAT, Kongsberg Automotive, Dongfeng, TMT (CSR), Yangzhou Dongsheng, Wanxiang, Tower, ZF TRW, ADDCO, AAM, Huayu, TATA, DAEWON, Mubea, Sogefi, and Chuo Spring among the other players.
The global automotive anti-roll bar market has been segmented into an anti-roll bar type, vehicle type, and region. By product type, the anti-roll bar market has been segmented into the solid and hollow bar. The hollow bar segment is expected to dominate the anti-roll bar market over the forecast period. The hollow bar is light in weight than the solid bar, has less stiffness, but, the result is equivalent to a solid bar. The low cost of the hollow bar is also one of the significant factors that are anticipated to maintain the dominance of the hollow bar over the forecast period. By vehicle type, the automotive anti-roll bar market is segmented into PC, LCV, and HCV. The passenger car segment holds a significant market share owing to the rising production of passenger cars globally. The growing inclination of consumers towards a safe and comfortable vehicle is also another factor that is expected to fuel the demand for passenger cars.
Regional Analysis:
Geographically, the automotive anti-roll bar market is segmented into North America, Europe, Asia Pacific, and the rest of the world. Asia Pacific is anticipated to dominate the anti-roll bar market over the forecast period. The rising production of passenger cars is anticipated to fuel the demand for anti-roll bars in this region. Increasing the disposable income of consumers and growing inclination towards comfort driving is another factor that is propelling the growth of passenger cars.
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This, in turn, is driving the anti-roll bar market in Asia Pacific region. Europe is expected to hold the second-largest position in the anti-roll bar market. Stringent safety norms in this region have made it essential for manufacturers to equip components which enhance the safety of the vehicle. Key manufacturers in this region are focusing on producing lightweight vehicles that meet the norms imposed by the government. North America is expected to show good growth in the anti-roll bar market. The rising need for anti-roll bars in high-performance vehicles in this region is expected to show good growth in the anti-roll bar market.
Segmentation
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- Ongoing
- 2023
- 2019-2022
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