Globalization has transformed the automotive industry throughout the globe, with continuously heaving competition amongst automotive vendors. Development of the automotive stabilizer bar which provide motion control, and maintain proper weight distribution in the wheels is one of the important innovations which have ensued in the automotive industry, in recent years.
Automotive stabilizer bar or sway bar is used to provide an anti – roll movement during the sharp turns to keep the car from rolling. The automotive stabilizer bar works only when the car is leaning on one side providing it a counterbalance on the other side with the help of suspension and avoid the swaying. The basic principle behind designing an automobile is to provide a low center of gravity so that the vehicle can move at high speeds. Automotive stabilizer bar is applied at the lowest point of the automobile which is the best place for them. In some race cars, automotive stabilizer bar are mounted higher in the chassis. It is very important to decide the diameter of installed automotive stabilizer bar. Large diameter automotive stabilizer bar have lower speed than the smaller diameter automotive stabilizer bar.
Growing demand of automobiles has pushed engineers to launch new products which can provide safe and smooth drives to the consumers. Automotive stabilizer bar is one such example which prevents the cars from getting swayed during the turns. Due to the high growth of automobile market and growing disposable income, consumers have started spending more on accessories, safety equipment, and comfort. Automotive stabilizer bar market is expected to grow with a high CAGR in the forecast period. Aftermarket of Automotive stabilizer bar is huge since they are used in race cars. Most of the race cars have splined stabilizer bars since they are adjustable and provide proper support while turning. Proper automotive stabilizer bar is the one which is compatible with the diameter and provides proper distribution of weights in all tires.
Not every automobile has stabilizer bars in them, vehicles that require larger force while turning but move on smooth roads have thicker and longer sway bars while the vehicles which move on rocky terrains and bumpy roads are equipped with thinner or no sway bars. Automotive stabilizer bar come in different shapes and sizes, and it depends on the functionality of vehicles that which sway bar has to be added in the automotive.
It can be dangerous for a vehicle to roll too much during the turns, due to which the alignment of wheels can change resulting in reducing the grip of the vehicle. So it is important to provide sway bars which not only provide smooth turning but also gives consistent grip for braking. So, concern for safety has driven the automotive stabilizer bar market.
While installing stabilizer bars when the vehicle is moving on a bumpy road, it provides the same function like that on the turns resulting in lifting the wheel on one side and applying force to keep the wheels at the same height. This is the, biggest disadvantage of using automotive stabilizer bar since it provides a rough drive during rocky, bumpy roads.
A stabilizer bar increases the suspension roll’s stiffness and therefore it is essential in the cars which provides a high speed drive. Since the automobile industry is growing and consumers are willing to spend more, which gives a high market opportunity to the stabilizer bars manufacturers to expand and bring in the new technologies.
New trends which have started been followed in this industry are the growing demand of racing cars among youngsters which need speed with safety, and the technology used while making stabilizer bars.
The Automotive Stabilizer Bar market is segmented on the basis of the position of stabilizer bar, type of stabilizer bar, type of vehicle, and region.
On the basis of the position of the stabilizer bar, the Automotive Stabilizer Bar market is segmented into stabilizer bar applied on the body; and stabilizer bar applied on the frame of the vehicle.
On the basis of the type of stabilizer bar used, the Automotive Stabilizer Bar market is segmented into hollow and solid stabilizer bar, tubular stabilizer bar, and splined stabilizer bar.
On the basis of type of vehicle, the Automotive Stabilizer Bar market is segmented into commercial vehicles, and passenger cars. Commercial vehicles are further segmented into Medium Commercial Vehicle (MCV), Light Commercial Vehicle (LCV), and High Commercial Vehicle (HCV). Similarly, passenger cars are further categorized into large cars, mid-size cars, and compact cars.
On the basis of geographies, the Automotive Stabilizer Bar market is segmented is segmented across 7 key region; North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan, Japan, and Middle East & Africa. Because of the rising income and increasing job opportunities in Asia Pacific countries, China and India are expected to show a tremendous growth in this market. Designers are focusing on technologies and innovations due to the growing popularity of racing cars in North American region which has increased the demand for automotive stabilizer bar in this region. Since Europe is the automotive sector, so it is expected to show a high growth in the Automotive Stabilizer Bar market. Latin America is also expected to grow with a high CAGR in Automotive Stabilizer Bar market.
Stabilizer Bars in Vehicles Market: Key Players
Few of the major key players active in the Automotive Stabilizer Bar market include ThyssenKrupp, Tata, DAEWON, Chuo Spring, Kongsberg Automotive, Sogefi, Mubea, ZF TRW, NHK International, Huayu, Fawer, ADDCO, AAM, Mubea, SAT, Tinsley Bridge, TMT (CSR), Yangzhou Dongsheng, Tower, Wanxiang, Dongfeng and SwayTec.
Overall it can be concluded that the growth prospects of the Automotive Stabilizer Bar market are promising, as adoption across most of the regional markets is set to increase in the foreseeable future, with substantial projected gains in some areas.
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