Anti-Roll Bar Market Value
An anti-roll bar also called as sway bar, stabilizer bar, or anti-sway bar is a part of various automobile suspensions. It associates left and right wheels together through short lever arms connected by a torsion spring, which reduces the body roll of a vehicle during over road irregularities or fast cornering.
Anti-roll bar market registers significant growth rate, owing to growing automotive industry. North America anti-roll bar market is expected to contribute for major revenue share, attributed to high demand for passenger cars across the region.
Global Anti-Roll bar Market Dynamics:
The growth of the global anti-roll bar market is driven by growing automotive industries. Moreover, increasing demand for sports cars also fueling the global anti-roll bar market.
The advantages of anti-roll bar including stiffness, high suspension, and shock absorbers, fueling the demand for global anti-roll bar market. Increasing investment in the automotive industry is trending the global anti-roll bar market aver the forecast period.
However, low demand for aftermarket anti-roll bar restraining the anti-roll bar market across the globe. The company operates in the anti-roll bar market can increase its share in the global anti-roll bar market by increasing their investment in Asia-Pacific region, attributed to growing automotive industry across the region.
Global Anti-Roll bar Market Segmentation:
The global anti-roll bar market is segmented on the basis of product type, vehicle type, and region. Based on product type, the global anti-roll bar market is further classified into original equipment manufacturers and aftermarket.
Among which, original equipment manufacturers segment is expected to dominate the global anti-roll bar market. By vehicle type, the global anti-roll bar market segmented into the heavy motor vehicle, light motor vehicle, and passenger cars.
Among these, passenger cars segment is growing at a substantial CAGR in global anti-roll bar market with relatively high revenue share over the forecast period. Whereas, heavy motor vehicle segment contribute for a significant value share over the forecast period.
By product type, the global anti-roll bar market is segmented into:
- Original Equipment Manufacturers
By vehicle type, the global anti-roll bar market is segmented into:
- Heavy Motor Vehicle
- Light Motor Vehicle
- Passenger Cars
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Global Anti-Roll bar Market Regional Outlook:
On the basis of geographies, the global anti-roll bar market is segmented into seven regions -- North America, Western Europe, Eastern Europe, Japan, Asia-Pacific except Japan, Latin America, and the Middle East & Africa. Among the regions, North America account for a relatively high share of the global anti-roll bar market in terms of value, attributed to high demand for passenger cars across the region.
Western Europe is followed by North America in global anti-roll bar market, owing to high demand for automotive across the region. Eastern Europe and Japan also accounts for significant value share in the global anti-roll bar market, owing to high technological advancement in the regions.
The Asia-Pacific is expected to register relatively high growth in the global anti-roll bar market over the forecast period, owing to rapid rate of advancement in automotive industry across the region. Latin America and Middle East Africa have a relatively low value share in the global anti-roll bar market, attributed to lower industrial development and economic development compared to other regions across the globe.
Overall, the outlook for the global anti-roll bar market will have a positive growth over the forecast period.
Global Anti-Roll bar Market Player:
Few players in the global anti-roll bar market include Eibach Group, TSL Turton Limited, Gartrac Limited, Racing Springs, Brooks Forgings Limited, Anti Rollbar suppliers, Tinsley Bridge Group, Performance Car Parts Ltd., Farinia Group, Brooks Forgings Ltd., Sawalka Tools & Machines Pvt. Ltd., and PistonHeads.
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