市場調查報告書
商品編碼
1489504
全球汽車防傾桿市場 - 2024-2031Global Automotive Anti-Roll Bar Market - 2024-2031 |
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概述
2023年,全球汽車防滾桿市場達9.85億美元,預計2031年將達到14.776億美元,2024-2031年預測期間複合年成長率為5.2%。
已開發國家汽車安全規範的升級將是預測期內推動市場成長的關鍵因素。北美和歐洲各國政府正在推出「面向未來」的法規,其中將涵蓋目前正在進行的向電動和混合動力汽車的過渡。它將為汽車製造商提供開發和測試防傾桿新設計和材料的機會。
發展中市場的設計和製造品質不佳將為預測期內的全球市場成長帶來挑戰。在發展中市場,人們更願意透過使用二流材料和過時的生產技術來降低成本。沒有
動力學
全球汽車生產的擴張
根據國際汽車最終用戶製造商組織(OICA)的最新資料,2023年乘用車和商用車產量接近9,350萬輛,較2022年成長10%。流行。電動車的成熟和日益普及佔全球汽車產量的很大一部分。
汽車製造商目前專注於減輕車輛重量,因此採用更輕的鋼合金和鋁製框架。防傾桿的設計也正在發生類似的變化,空心體類型受到汽車工程師的青睞。消費者信心的增強,特別是在新興市場,導致新車需求激增,這將增加對汽車防傾桿的需求。
新車技術融入賽車運動
賽車運動為汽車製造商提供了間接的經濟誘因。它既是許多汽車製造商的研發計劃,也是廣告平台,使他們能夠同時開發和測試新技術,同時吹噓自己與其他生產商相比的表現。新技術的進步也使賽車運動變得更加激動人心,從而增加了收視率並增加了贊助。
除了涉及競技摩托車比賽的 MotoGP 之外,幾乎所有其他形式的賽車運動都要求安裝防傾桿作為關鍵的安全功能。隨著汽車製造商採用更新的技術進步來改善賽車運動,防傾桿的設計和功能也將進行更新,以跟上不斷變化的條件。
監理合規成本高昂
近年來,曾出現因乘用車安裝不合格防傾桿而導致駕駛員終身殘疾甚至死亡的事故。這個問題在發展中國家尤其嚴重,因為監管規範鬆懈或執行不嚴格,貪腐現象使得汽車製造商完全繞過監管。各國政府已嚴厲打擊汽車產業的不當行為,並根據目前的全球標準制定了更嚴格的車輛安全法規。
為了安全地融入這些安全功能升級,汽車製造商不得不大幅提高其車型的價格。由於大多數發展中國家的消費者對價格高度敏感,因此它隨後影響了銷售。
Overview
Global Automotive Anti-Roll Bar Market reached US$ 985.0 Million in 2023 and is expected to reach US$ 1,477.6 Million by 2031, growing with a CAGR of 5.2% during the forecast period 2024-2031.
The upgradation of automotive safety norms in developed countries will be a key factor in driving market growth during the forecast period. Governments in North America and Europe are rolling out 'future-proof' regulations, which will cover the current ongoing transition towards electric and hybrid vehicles. It will give a chance to automakers to develop and test new designs and materials for anti-roll bars.
Poor design and manufacturing quality in developing markets will create challenges for global market growth during the forecast period. In developing markets, there is a bigger incentive to keep costs down by using second-rate materials and outdated production techniques. Without
Dynamics
Expansion of Global Automotive Production
According to the latest data from the International Organization of Motor End-User Manufacturers (OICA) nearly 93.5 million passenger and commercial vehicles were produced in 2023, representing a 10% increase from 2022. The global automotive industry has recovered remarkably well from the effects of the COVID-19 pandemic. The maturation and growing popularity of electric vehicles accounts for a significant chunk of global automotive production.
Automotive manufacturers are currently focused on reducing vehicle weight and are hence, adopting more lighter steel alloys and aluminum frames. A similar change is underway in the design of anti-roll bars, with hollow body type being preferred by automotive engineers. A rise in consumer confidence, especially in emerging markets, is leading to a surge in demand for new vehicles, which will augment demand for automotive anti-roll bars.
Integration of New Automotive Technologies into Motorsports
Motorsports provide tangential financial incentives to automakers. It serves as both a research and development program and an advertising platform for many automakers, enabling them to simultaneously develop and test new technology while bragging about their performance in contrast to other producers. New technological advances also makes motorsports more thrilling, which increases viewership and increases sponsorship.
With the possible exception of MotoGP, which involves competitive motorcycle racing, almost all other forms of motorsports mandate the installation of an anti-roll bar as a critical safety feature. As automakers incorporate newer technological advances to improve motorsports, anti-roll bar design and features will also be updated to keep pace with changing conditions.
High Cost of Regulatory Compliance
In recent years, there have been instances of substandard anti-roll bars being installed in passenger cars which have caused permanent disability and even death to drivers in accidents. The problem is particularly severe in developing countries, were regulatory norms are lax or not strictly enforced and corruption, which allows automakers to bypass regulations altogether. Governments have cracked down on automotive industry malpractices and have instituted stricter regulations on vehicular safety, in line with current global standards.
In order to safely incorporate these safety feature upgrades, vehicle manufacturers have had to significantly raise the prices of their models. It has subsequently impacted sales, since consumers in most developing countries are highly price-sensitive.
The global automotive anti-roll bar market is segmented based on product, end-user and region.
Passenger Cars will Continue to Have the Dominant Market Share
With the global automotive industry increasingly switching over to hybrid and electric vehicles, the demand for anti-roll bars to comply with tightened safety regulations will increase significantly. The Volkswagen Group has announced a shift towards an all-electric portfolio by 2035, similarly, Toyota, which was highly skeptical of EVs, has begun developing its own EV models. The growth of EVs will be augment demand for anti-roll bars.
Demand will also increase in the light and heavy commercial vehicle segments. Although the global production of commercial vehicles is much smaller than passenger cars, ongoing efforts to decarbonize public transportation has created major interest in electric and hydrogen-powered buses. Commercial vehicles will have a rather smaller share of the global market.
Asia-Pacific Will Remain the Largest Market During the Forecast Period
According to the most recent OICA data, Asia-Pacific countries account for nearly 58% of the global production of passenger and commercial vehicles. China, Japan, India and South Korea are some of the leading automotive producers in the region. With China rapidly scaling up the exports of electric vehicles, the demand for automotive anti-roll bars is likely to appreciate significantly during the forecast period.
Another major factor that could accelerate demand the forecast period is the increasing popularity of 'China + 1' strategy pursued by multinational automotive companies looking to de-risk their supply chains away from China. Vietnam has received a major influx of investment in automotive production. Similarly, many automakers are gradually stepping up their production capacity in India, looking to turn the country into an export hub.
The COVID-19 pandemic created a period of uncertainty for the global automotive anti-roll bar market. Production of anti-roll bars was affected by pandemic lockdowns, due to supply chain disruptions and labor shortages. Demand for passenger and commercial vehicles alike underwent dramatic contraction in the initial phase of the pandemic.
The overall global automotive demand witnessed a steady recovery in the post-pandemic period, especially in emerging markets like India and China, which had huge pent-up demand. Despite slow growth due to global challenges emanating from the Russia-Ukraine war, the pandemic is not expected to affect the long-term growth prospects of the global market.
The war in Ukraine has created extremely difficult market conditions for the Russian automotive industry. Sanctions and trade embargoes have led to an exodus of western automotive brands, who sold their assets to the local Russian management. Automotive production fell drastically throughout 2022, before recovering to some extent in 2023. Only military vehicle production kept the demand for anti-roll bars afloat.
The Russian government has resorted to importing anti-roll bars through grey market channels. It has also rolled out incentives and policies to encourage domestic automotive component manufacturers to increase production. However, the lack of access to western technology will be detrimental to the Russian market in the future.
The major global players in the market include Chuo Spring Co., Ltd., Heinrich Eibach GmbH, Farinia Group, Kongsberg Automotive, Muhr und Bender KG, NHK SPRING Co., Ltd, Schaeffler AG, Sogefi SpA, Thyssenkrupp AG and ZF Friedrichshafen AG.
The global automotive anti-roll bar market report would provide approximately 54 tables, 41 figures and 182 Pages.
Target Audience 2024
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