Product Code: ETC020509 | Publication Date: Jul 2023 | Updated Date: Jan 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Philippines motor vehicle steering and suspension parts market is estimated to register a CAGR of 4.9% during the forecast period (2021-2026). The growth in the market can be attributed to several factors such as rising disposable incomes, increasing car sales, government initiatives for electric vehicles and improved vehicle safety standards. Moreover, the growing demand from public transport vehicles has also supported the market???s expansion in recent years
Increasing adoption of air suspension systems for luxury cars due to better ride comfort is driving manufacturers toward offering advanced products with electronically controlled dampers. This factor is likely have a positive influence on revenue generation through 2026. Additionally, growing popularity of active shock absorbers owing to their ability to increase road handling performance will further propel industry development over 2021-2026 timeframe. Further, rising preference towards aftermarket repair services to drive components` replacement are expected to support product demand over the forecast period.
Major players operating in Philippine motor vehicle steering & suspension parts market include Aisin Seiki Co., Ltd., American Axle Manufacturing Inc., Autoliv Inc., Bosch Limited, Continental AG , Denso Corporation, Huf Huelsbeck & Fuerst GmbH & Co KG , Magneti Marelli SPA etc . To strengthen their foothold these companies indulge themselves into strategic collaborations while focusing on new product launches along with emphasizing on research & development activities concerning customization possibilities as per customer needs
Owing to partial or full shutdown enforced during initial months pertaining pandemic spread has caused disruption throughout supply chain networks leading towards higher costs involved with logistics operations which further resulted into delayed delivery schedules affecting availability aspect negatively resulting into reduced revenues
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Motor Vehicle Steering and Suspension Parts Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Motor Vehicle Steering and Suspension Parts Market Revenues & Volume, 2020 & 2030F |
3.3 Philippines Motor Vehicle Steering and Suspension Parts Market - Industry Life Cycle |
3.4 Philippines Motor Vehicle Steering and Suspension Parts Market - Porter's Five Forces |
3.5 Philippines Motor Vehicle Steering and Suspension Parts Market Revenues & Volume Share, By Types, 2020 & 2030F |
3.6 Philippines Motor Vehicle Steering and Suspension Parts Market Revenues & Volume Share, By Application, 2020 & 2030F |
4 Philippines Motor Vehicle Steering and Suspension Parts Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Motor Vehicle Steering and Suspension Parts Market Trends |
6 Philippines Motor Vehicle Steering and Suspension Parts Market, By Types |
6.1 Philippines Motor Vehicle Steering and Suspension Parts Market, By Types |
6.1.1 Overview and Analysis |
6.1.2 Philippines Motor Vehicle Steering and Suspension Parts Market Revenues & Volume, By Types, 2020-2030F |
6.1.3 Philippines Motor Vehicle Steering and Suspension Parts Market Revenues & Volume, By Steering Components, 2020-2030F |
6.1.4 Philippines Motor Vehicle Steering and Suspension Parts Market Revenues & Volume, By Suspension Components, 2020-2030F |
6.2 Philippines Motor Vehicle Steering and Suspension Parts Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Philippines Motor Vehicle Steering and Suspension Parts Market Revenues & Volume, By Commercial Vehicle, 2020-2030F |
6.2.3 Philippines Motor Vehicle Steering and Suspension Parts Market Revenues & Volume, By Passenger Car, 2020-2030F |
7 Philippines Motor Vehicle Steering and Suspension Parts Market Import-Export Trade Statistics |
7.1 Philippines Motor Vehicle Steering and Suspension Parts Market Export to Major Countries |
7.2 Philippines Motor Vehicle Steering and Suspension Parts Market Imports from Major Countries |
8 Philippines Motor Vehicle Steering and Suspension Parts Market Key Performance Indicators |
9 Philippines Motor Vehicle Steering and Suspension Parts Market - Opportunity Assessment |
9.1 Philippines Motor Vehicle Steering and Suspension Parts Market Opportunity Assessment, By Types, 2020 & 2030F |
9.2 Philippines Motor Vehicle Steering and Suspension Parts Market Opportunity Assessment, By Application, 2020 & 2030F |
10 Philippines Motor Vehicle Steering and Suspension Parts Market - Competitive Landscape |
10.1 Philippines Motor Vehicle Steering and Suspension Parts Market Revenue Share, By Companies, 2023 |
10.2 Philippines Motor Vehicle Steering and Suspension Parts Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |