Asia-Pacific Automotive Suspension System Market Size, By Sales Channel (2018-2027)
| Label | Asia Pacific | China | India | Japan | Rest of Asia Pacific |
|---|---|---|---|---|---|
| 2017 | 1902.0 USD Mn | 987.9 USD Mn | 287.1 USD Mn | 456.3 USD Mn | 170.7 USD Mn |
| 2018 | 2044.3 USD Mn | 1065.8 USD Mn | 311.1 USD Mn | 484.1 USD Mn | 183.2 USD Mn |
| 2019 | 2198.1 USD Mn | 1150.2 USD Mn | 337.3 USD Mn | 513.8 USD Mn | 196.8 USD Mn |
| 2020 | 2368.5 USD Mn | 1243.7 USD Mn | 366.4 USD Mn | 546.5 USD Mn | 211.9 USD Mn |
| 2021 | 2557.1 USD Mn | 1347.3 USD Mn | 398.8 USD Mn | 582.4 USD Mn | 228.5 USD Mn |
| 2022 | 2763.1 USD Mn | 1460.7 USD Mn | 434.5 USD Mn | 621.2 USD Mn | 246.7 USD Mn |
| 2023 | 2998.9 USD Mn | 1590.5 USD Mn | 475.4 USD Mn | 665.5 USD Mn | 267.5 USD Mn |
| 2024 | 3255.3 USD Mn | 1731.8 USD Mn | 520.3 USD Mn | 713.1 USD Mn | 290.0 USD Mn |
| 2025 | 3534.1 USD Mn | 1885.9 USD Mn | 569.5 USD Mn | 764.2 USD Mn | 314.6 USD Mn |
Data Source: Wantstats Repository
Market Dynamics
China accounted for the largest market share in 2018 in the Asia Pacific commercial refrigeration equipment market, and is expected to reach USD 1885.90 Million in 2025 from USD 1065.80 Million in 2018. However, India is the fastest growing market, which is expected to grow at a CAGR of 9.12% during the forecast period 2019 - 2025. walk in/reach in coolers segment accounted for the largest market share in 2018, this market is expected to reach USD 1566.70 Million in 2025 from USD 961.10 Million in 2018. This market is projected to grow at a CAGR of 7.32% during the forecast period from 2019 - 2025. However, beverage refrigeration segment is the fastest growing market, which is expected to grow at a CAGR of 9.73% during the forecast period 2019 - 2025. supermarket segment accounted for the largest market share in 2018, this market is expected to reach USD 2267.20 Million in 2025 from USD 1368.80 Million in 2018. This market is projected to grow at a CAGR of 7.57% during the forecast period from 2019 - 2025. However, hypermarket segment is the fastest growing market, which is expected to grow at a CAGR of 9.67% during the forecast period 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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