Global Anti-roll Bar Market Size, Share & Trends, COVID-19 Impact Analysis Report, By Product Type (Solid bar & Hollow bar), By Vehicle Type (Passenger Cars, Light Motor Vehicle, Heavy Motor Vehicle): By Region (U.S., Canada, Mexico, Rest of North America, The UK, France, Germany, Italy, Spain, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, the Netherlands, Luxembourg), Rest of Europe, China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa, Brazil, Argentina, Rest of Latin America) - Global Insights, Growth, Size, Comparative Analysis, Trends and Forecast, 2021-2030
Industry: Automotive & TransportationThe Global Market For Anti-Roll Bar estimated at US$ 890 Mn in the year 2021, is projected to reach a revised size of US$ 1.9 Billion by 2030, growing at a CAGR of 4.3%. Every type of car has a suspension system that offers a smooth ride and reduces vibration brought on by road abnormalities. It includes a wide range of parts, including torsional bars, leaf and coil springs, struts, anti-roll bars, shock absorbers, and many more. Other names for an anti-roll bar are sway bar, anti-sway bar, and stabiliser bar. The short lever arms that connect the left and right wheels or the opposite wheels are held together by torsion springs.
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Anti-roll bar links, which are rods that are exposed to significant shock loading, increase the suspension's roll toughness. The anti-roll bar or sway bar keeps the car from overly leaning and keeps it stable while turning. While some cars operate on a single anti-roll bar that is in the front suspension, many vehicles have one anti-roll bar in the front suspension and additional independent anti-roll bars in the rear suspension.
The expanding automotive industries are the primary driver of the global anti-roll bar market. Additionally, the global market for anti-roll bars is being driven by the rise in demand for sports automobiles. The stiffness, high suspension, and shock absorbers of anti-roll bars are three benefits that are driving demand in the worldwide anti-roll bar market. Over the projected period, there will be a trend in the global anti-roll bar market due to rising investment in the automotive sector. However, the aftermarket anti-roll bar business is being constrained by a lack of demand. Due to the region's expanding automotive industry, the firm that operates in the anti-roll bar market can raise its share of the global anti-roll bar market by increasing the investment.
Product Type Outlook
The hollow bar segment dominated the global anti-roll bar market owing to its properties as its lighter and less stiff than the solid bar, the outcome is the same as a solid bar. Another important element that is projected to contribute to the hollow bar's continued dominance over the forecast period is its low cost.
Global Anti-roll Bar Market Report Coverage
Report Coverage | Details |
---|---|
Base Year: | 2021 |
Market Size in 2021: | USD 890 Million |
Forecast Period: | 2021-2030 |
Forecast Period CAGR 2021-2030 : | 4.3% |
Historical Data for: | 2017-2020 |
No. of Pages: | 220 |
Tables, Charts & Figures: | 119 |
Segments covered: | By Product, By Vehicle, By Region |
Companies covered:: | YURONG Spring, SwayTec, Sogefi ,Benteler International AG, ADDCO, Hyundai, ZF Friedrichshafen AG, Schaeffler Group, Kongsberg Automotive, FARINIA S.A. |
Growth Drivers: | 1)The hollow bar segment dominated the global anti-roll bar market 2)The passenger car segment dominated the global anti-roll bar market |
Pitfalls & Challenges: | COVID-19 has the potential to impact the global market |
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The passenger car segment dominated the global anti-roll bar market owing to increase in the manufacture of passenger cars. Another element that is anticipated to increase demand for passenger cars is the growing consumer preference for a safe and comfortable vehicle.
Regional Outlook
Asia Pacific region is dominating the market share of global anti-roll bar market owing due to growing need for anti-roll bars in this region is expected to increase as passenger car production increases. Another element fueling the expansion of passenger automobiles is rising consumer disposable income and a growing preference for comfortable driving.
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Key Companies & Recent Developments
Partnerships, strategic mergers, and acquisitions are expected to be the most successful strategies for industry participants to get speedy access to growing markets while also improving technological capabilities. In addition, product differentiation and developments, as well as service expansion, are projected to help organizations thrive in the market. Generic strategies adopted by the companies usually include mergers & acquisitions, distribution network expansion, and product portfolio expansion. The revised anti-roll bar spacer kit was introduced by Hamilton Classic and Motorsport in September 2016. The appropriate anti-roll bar bush recess is present on these anti-roll bar blocks. The development of the car anti-roll bar is being funded by numerous organizations, and institutes. For instance, Performance Engineered Solutions (PES), Tinsley Bridge, a provider of anti-roll bars, and the University of Sheffield Advanced Manufacturing Research Centre are collaborating on a project in June 2019 that is co-funded by the UK's innovation agency, Innovate UK (AMRC). The major companies profiled in this report include Sway Tec, Thyssenkrupp, Mubea, Tinsley Bridge, Wanxiang, NHK International, SAT, Kongsberg Automotive, Dongfeng, TMT (CSR), Yangzhou Dongsheng, Tower, ZF TRW, ADDCO, AAM, Huayu, TATA, DAEWON, Fawer, Sogefi, and Chuo Spring
Segmentation:
By Product
- Polyvinylidene Difluoride
- Polyester
- Laminating Coating
- Oxide Film
- Others
By Region
- North America- U.S., Mexico, Canada
- Europe- UK, France, Germany, Italy
- Asia-Pacific- China, Japan, India
- Latin America- Brazil, Argentina, Colombia
- The Middle East and Africa- United Arab Emirates, Saudi Arabia
Key Players
- YURONG Spring
- SwayTec
- Sogefi
- Benteler International AG
- ADDCO
- Hyundai
- ZF Friedrichshafen AG
- Schaeffler Group
- Kongsberg Automotive
- FARINIA S.A.
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