The solid stabilizer bar is a crucial component in the suspension system of a vehicle. The solid stabilizer bar prevents the vehicle body from swaying while driving on uneven roads. The solid stabilizer bar the solid stabilizer bar can be cold formed or hot formed. The solid stabilizer bar enhances the stability and safety of the vehicle.
Passenger vehicles as well as commercial vehicles are equipped with solid stabilizer bar. Therefore, rise in the production of commercial vehicles and passenger vehicles is anticipated to boost the demand for solid stabilizer bar during the forecast period. The solid stabilizer bar has significantly high torsional stiffness, which reduces the body roll during cornering and hence, most vehicles are equipped with the solid stabilizer bar, which in turn is likely to drive the automotive solid stabilizer bar market during the forecast period. Superior ride comfort, vehicle handling, and road handling are the three major demands from consumers that are satisfied by incorporation of the solid stabilizer bar. Consequently, demand for solid stabilizer bar is likely to remain high during the forecast period. However, the trend of light weighting of the vehicle is likely to hamper the automotive solid stabilizer bar market. Most manufacturers are focused on enhancing vehicle efficiency through reduction of weight of the vehicle, by adopting hollow stabilizer bar.
The automotive solid stabilizer bar market can be segmented based on material, vehicle, sales channel, and region. Based on material, the automotive solid stabilizer bar market can be classified into steel and others. Majority of solid stabilizer bars are manufactured by using various grades of steel and hence, the demand for steel for solid stabilizer bar is likely to remain high during the forecast period.
In terms of vehicle type, the automotive solid stabilizer bar market can be divided into passenger vehicle, commercial vehicle and electric vehicle. The commercial vehicle segment is likely to expand significantly during the forecast period. Greater flexibility, driving comfort, and ease of handling are likely to boost the demand for solid stabilizer bar during the forecast period.
Based on sales channel, the automotive solid stabilizer bar market can be divided into OEM and aftermarket. The OEM segment is likely to expand during the forecast period. The lifespan of the solid stabilizer bar is high and rising production of commercial vehicles due to industrialization and expansion of the construction industry are anticipated to boost the automotive solid stabilizer bar market during the forecast period.
In terms of region, the automotive solid stabilizer bar market can be classified into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The market in Asia Pacific is likely to expand significantly, as the production of vehicles in the region is very high. Moreover, the region has presence of major vehicle manufacturer and is home to major vehicle producing countries such as China, India, Japan, South Korea, which are continuously increasing vehicle production capacities.
Key players operating in the automotive solid stabilizer bar market are Mevotech, Sogefi SpA, TINSLEY BRIDGE GROUP, Yangzhou Dongsheng Auto Parts Co., Ltd., Guangzhou Karen Auto Parts Co. Ltd, BWI Group, Addco, Keco Auto Industries, and BWI Group.
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