Pro
07K14K21K28KUSD Mn201820192020202120222023202420252026
OEM
Aftermarket
Automotive
Asia-Pacific Automotive Suspension System Market Size, By Sales Channel (2018-2027)
| Label | Asia Pacific | China | India | Japan | Rest of Asia Pacific |
|---|---|---|---|---|---|
| 2017 | 1113.66 USD Mn | 547.04 USD Mn | 107.46 USD Mn | 261.12 USD Mn | 198.04 USD Mn |
| 2018 | 1189.21 USD Mn | 581.40 USD Mn | 116.54 USD Mn | 278.63 USD Mn | 212.63 USD Mn |
| 2019 | 1167.13 USD Mn | 567.88 USD Mn | 116.17 USD Mn | 273.26 USD Mn | 209.82 USD Mn |
| 2020 | 658.33 USD Mn | 318.76 USD Mn | 66.55 USD Mn | 154.02 USD Mn | 119.00 USD Mn |
| 2021 | 1015.31 USD Mn | 489.17 USD Mn | 104.25 USD Mn | 237.36 USD Mn | 184.53 USD Mn |
| 2022 | 1357.81 USD Mn | 650.88 USD Mn | 141.60 USD Mn | 317.19 USD Mn | 248.13 USD Mn |
| 2023 | 1545.68 USD Mn | 737.13 USD Mn | 163.72 USD Mn | 360.81 USD Mn | 284.01 USD Mn |
| 2024 | 1667.01 USD Mn | 790.84 USD Mn | 179.34 USD Mn | 388.85 USD Mn | 307.98 USD Mn |
| 2025 | 1798.15 USD Mn | 848.52 USD Mn | 196.48 USD Mn | 419.12 USD Mn | 334.02 USD Mn |
Data Source: Wantstats Repository
Market Dynamics
China accounted for the largest market share in 2018 in the Asia Pacific automotive engine encapsulation market , and is expected to reach USD 848.52 Million in 2025 from USD 581.40 Million in 2018. However, India is the fastest growing market, which is expected to grow at a CAGR of 9.15% during the forecast period 2019 - 2025. polypropylene segment accounted for the largest market share in 2018, this market is expected to reach USD 606.92 Million in 2025 from USD 444.77 Million in 2018. This market is projected to grow at a CAGR of 5.88% during the forecast period from 2019 - 2025. However, polyamide segment is the fastest growing market, which is expected to grow at a CAGR of 9.10% during the forecast period 2019 - 2025. passenger car segment accounted for the largest market share in 2018, this market is expected to reach USD 1261.33 Million in 2025 from USD 859.83 Million in 2018. This market is projected to grow at a CAGR of 7.00% during the forecast period from 2019 - 2025.
However, lcv segment is the fastest growing market, which is expected to grow at a CAGR of 8.86% during the forecast period 2019 - 2025. engine mounted segment accounted for the larger market share in 2018, this market is expected to reach USD 1195.28 Million in 2025 from USD 815.08 Million in 2018. This market is projected to grow at a CAGR of 7.00% during the forecast period from 2019 - 2025. However, body mounted segment is the fastest growing market, which is expected to grow at a CAGR of 8.45% during the forecast period 2019 - 2025. oem segment accounted for the larger market share in 2018, this market is expected to reach USD 1236.24 Million in 2025 from USD 781.71 Million in 2018. This market is projected to grow at a CAGR of 8.15% during the forecast period from 2019 - 2025.
Research Methodology
Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2023.
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