Automotive Suspension Strut Market
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Automotive Suspension Strut Market Size and Growth
The Automotive Suspension Strut market is experiencing steady growth, driven by increasing vehicle production and advancements in automotive technology. The global market size is projected to reach approximately $10 billion by 2025. Market trends indicate a rising demand for lightweight materials and enhanced vehicle performance, influencing product innovation and competitive dynamics.
Companies Covered (Covid 19 Impact Covered)
◍ Tenneco (USA)
◍ ThyssenKrupp (Germany)
◍ ILJIN (Korea)
◍ Mando (Korea)
◍ SHOWA (Japan)
◍ Anand Automotive (India)
◍ Asahi Iron Works (Japan)
◍ Hitachi Automotive Systems (Japan)
The automotive suspension strut market features key players like Tenneco, ThyssenKrupp, and Mando, focusing on innovation and technology. Their R&D investments enhance product performance and safety, driving market growth. Sales revenues include:
- Tenneco: $17.5 billion
- ThyssenKrupp: $37 billion
- Mando: $5 billion.
These efforts expand market reach.
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Market Segmentation
By Application
Passenger Cars
Commercial Vehicles
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By Product
Stainless Steel
Carbon Steel
Advanced High Strength Steel
Others
Market Growth
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$ X Billion USD
