Class 1-3 Steering and Suspension Aftermarket, Europe, 2024–2030

Class 1-3 Steering and Suspension Aftermarket, Europe, 2024–2030

Steering and Suspension Components Aftermarket is Driving Transformational Growth as Demand for Control Arms and Sway Bars/Stabilizer Links Increases

Frost & Sullivan’s study of the European Class1-3 steering and suspension components aftermarket for passenger cars and light commercial vehicles identifies viable growth opportunities over the forecast period. It forecasts unit shipments (in million units), revenue (€ million), and average manufacturer-level price (in €) through 2030. The study also evaluates the market share of the top industry players, distribution channels, service preferences, and technology trends. It provides brief profiles of key suppliers and discusses the impact of connected, automated, shared, and electric (CASE) vehicles and growth drivers and restraints. The base year is 2023, and the forecast period is from 2024 to 2030. Leading brands in the European steering and suspension components aftermarket are ZF TRW, DRiV, Febi Bilstein, Delphi, Meyle AG, SKF, FAG, VAICO, MAPCO, Sidem, Optimal, and Febest.

Frost & Sullivan’s steering and suspension aftermarket forecast is based on a country- and regional-level analysis and estimation of VIO of PCs and LCVs and country- and regional-level estimation of average annual km driven by PCs and LCVs.

Research Scope

The base year is 2023, and the forecast period is from 2024 to 2030


Key Issues Addressed

What is the current size of various steering and suspension components aftermarket in terms of revenue and unit shipments, and how will it change by 2030?
What is the average manufacturer-level price, and how will it change by 2030?
What is the market share of major brands for each component ?
What does the distribution channel for each component look like?