Pro
Automotive
Asia-Pacific Automotive Suspension System Market Size, By Sales Channel (2018-2027)
| Label | Asia Pacific | China | India | Japan | Rest of Asia Pacific |
|---|---|---|---|---|---|
| 2018 | 8493.97 USD Mn | 5008.56 USD Mn | 1039.07 USD Mn | 1276.81 USD Mn | 1169.54 USD Mn |
| 2019 | 8899.24 USD Mn | 5262.50 USD Mn | 1088.98 USD Mn | 1339.35 USD Mn | 1208.41 USD Mn |
| 2020 | 8876.01 USD Mn | 5253.54 USD Mn | 1088.15 USD Mn | 1340.28 USD Mn | 1194.03 USD Mn |
| 2021 | 8860.93 USD Mn | 5252.60 USD Mn | 1084.78 USD Mn | 1340.93 USD Mn | 1182.61 USD Mn |
| 2022 | 9581.37 USD Mn | 5700.30 USD Mn | 1164.79 USD Mn | 1446.44 USD Mn | 1269.83 USD Mn |
| 2023 | 10365.58 USD Mn | 6186.07 USD Mn | 1250.70 USD Mn | 1563.46 USD Mn | 1365.35 USD Mn |
| 2024 | 11217.41 USD Mn | 6710.39 USD Mn | 1345.86 USD Mn | 1693.11 USD Mn | 1468.05 USD Mn |
| 2025 | 12136.80 USD Mn | 7273.43 USD Mn | 1450.48 USD Mn | 1836.89 USD Mn | 1576.00 USD Mn |
Data Source: Wantstats Repository
Market Dynamics
China accounted for the largest market share in 2018 in the Asia Pacific off the road tire market, and is expected to reach USD 7273.43 Million in 2025 from USD 5008.56 Million in 2018.This market is projected to grow at a CAGR of 5.54% during the forecast period from 2019 - 2025. agricultural vehicle segment accounted for the largest market share in 2018, this market is expected to reach USD 5535.80 Million in 2025 from USD 3716.51 Million in 2018. This market is projected to grow at a CAGR of 5.95% during the forecast period from 2019 - 2025. However, agricultural vehicle segment is the fastest growing market, which is expected to grow at a CAGR of 5.95% during the forecast period 2019 - 2025. radial segment accounted for the largest market share in 2018, this market is expected to reach USD 6604.97 Million in 2025 from USD 4382.66 Million in 2018. This market is projected to grow at a CAGR of 6.11% during the forecast period from 2019 - 2025. aftermarket segment accounted for the larger market share in 2018, this market is expected to reach USD 7688.84 Million in 2025 from USD 5176.37 Million in 2018. This market is projected to grow at a CAGR of 5.92% 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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