Automotive Suspension Parts Market: Understanding the Key Product Segments and their Future 2020 - 2030
Automotive Suspension Parts Market: Introduction According to the report, the global automotive suspension parts market is projected to surpass ~ US$ 13 Bn by 2030, expanding at a CAGR of ~ 3%, owing to an increase in affordability for vehicles among consumers and transition of people into middle and upper middle income groups. The global automotive suspension parts market is mature; however, developments on improving performance of shock absorbers are still boosting the market worldwide. Expansion of Automotive Suspension Parts Market The expansion of the automotive industry in East Asia and Latin America is driving the global automotive suspension parts market. The automotive industry in East Asia has been expanding since the last decade. The auto industry in Japan is highly mature; however, China and South Korea have made rapid advances in terms of volume production of vehicles and subsequently, drive the global automotive suspension ...