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 | 1362.0 USD Mn | 496.7 USD Mn | 178.7 USD Mn | 417.8 USD Mn | 268.7 USD Mn |
| 2018 | 1468.0 USD Mn | 537.2 USD Mn | 195.6 USD Mn | 443.6 USD Mn | 291.5 USD Mn |
| 2019 | 1582.9 USD Mn | 581.2 USD Mn | 214.2 USD Mn | 471.2 USD Mn | 316.3 USD Mn |
| 2020 | 1710.5 USD Mn | 629.8 USD Mn | 235.1 USD Mn | 501.6 USD Mn | 344.0 USD Mn |
| 2021 | 1852.0 USD Mn | 683.7 USD Mn | 258.5 USD Mn | 534.9 USD Mn | 374.9 USD Mn |
| 2022 | 2006.9 USD Mn | 742.5 USD Mn | 284.5 USD Mn | 571.0 USD Mn | 408.9 USD Mn |
| 2023 | 2184.4 USD Mn | 809.8 USD Mn | 314.5 USD Mn | 612.2 USD Mn | 447.9 USD Mn |
| 2024 | 2377.9 USD Mn | 883.1 USD Mn | 347.8 USD Mn | 656.4 USD Mn | 490.7 USD Mn |
| 2025 | 2589.0 USD Mn | 962.8 USD Mn | 384.5 USD Mn | 704.0 USD Mn | 537.7 USD Mn |
Data Source: Wantstats Repository
Market Dynamics
China accounted for the largest market share in 2018 in the Asia Pacific industrial hand gloves market, and is expected to reach USD 962.80 Million in 2025 from USD 537.20 Million in 2018. However, India is the fastest growing market, which is expected to grow at a CAGR of 10.24% during the forecast period 2019 - 2025. disposable segment accounted for the larger market share in 2018, this market is expected to reach USD 1874.50 Million in 2025 from USD 1096.80 Million in 2018. This market is projected to grow at a CAGR of 8.05% during the forecast period from 2019 - 2025. However, reusable segment is the fastest growing market, which is expected to grow at a CAGR of 9.92% during the forecast period 2019 - 2025. healthcare segment accounted for the largest market share in 2018, this market is expected to reach USD 702.70 Million in 2025 from USD 420.00 Million in 2018. This market is projected to grow at a CAGR of 7.71% during the forecast period from 2019 - 2025.
However, food and beverage segment is the fastest growing market, which is expected to grow at a CAGR of 9.45% during the forecast period 2019 - 2025. natural rubber segment accounted for the largest market share in 2018, this market is expected to reach USD 660.10 Million in 2025 from USD 420.90 Million in 2018. This market is projected to grow at a CAGR of 6.68% during the forecast period from 2019 - 2025. However, nitrile segment is the fastest growing market, which is expected to grow at a CAGR of 10.52% 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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