Asia-Pacific Automotive Suspension System Market Size, By Sales Channel (2018-2027)
| Label | Europe | Germany | France | United Kingdom | Italy | Rest of Europe |
|---|---|---|---|---|---|---|
| 2017 | 810.1 USD Mn | 302.9 USD Mn | 146.6 USD Mn | 90.9 USD Mn | 103.6 USD Mn | 166.2 USD Mn |
| 2018 | 853.6 USD Mn | 316.9 USD Mn | 156.1 USD Mn | 96.6 USD Mn | 111.2 USD Mn | 172.8 USD Mn |
| 2019 | 899.8 USD Mn | 331.5 USD Mn | 166.3 USD Mn | 102.8 USD Mn | 119.4 USD Mn | 179.8 USD Mn |
| 2020 | 950.6 USD Mn | 347.5 USD Mn | 177.5 USD Mn | 109.6 USD Mn | 128.5 USD Mn | 187.4 USD Mn |
| 2021 | 1006.10 USD Mn | 364.8 USD Mn | 189.9 USD Mn | 117.1 USD Mn | 138.6 USD Mn | 195.7 USD Mn |
| 2022 | 1065.90 USD Mn | 383.2 USD Mn | 203.3 USD Mn | 125.2 USD Mn | 149.6 USD Mn | 204.6 USD Mn |
| 2023 | 1134.20 USD Mn | 404.1 USD Mn | 218.6 USD Mn | 134.5 USD Mn | 162.2 USD Mn | 214.9 USD Mn |
| 2024 | 1207.00 USD Mn | 426 USD Mn | 235.1 USD Mn | 144.5 USD Mn | 175.8 USD Mn | 225.6 USD Mn |
| 2025 | 1284.70 USD Mn | 449 USD Mn | 252.9 USD Mn | 155.2 USD Mn | 190.6 USD Mn | 237 USD Mn |
Data Source: Wantstats Repository
Market Dynamics
Germany accounted for the largest market share in 2018 in the Europe automotive plain carbon erw tubes market, and is expected to reach USD 449.00 Million in 2025 from USD 316.90 Million in 2018. However, Italy is the fastest growing market, which is expected to grow at a CAGR of 8.11% during the forecast period 2019 - 2025. passenger car segment accounted for the larger market share in 2018, this market is expected to reach USD 976.10 Million in 2025 from USD 668.50 Million in 2018. This market is projected to grow at a CAGR of 5.65% during the forecast period from 2019 - 2025. However, commercial vehicle segment is the fastest growing market, which is expected to grow at a CAGR of 7.69% during the forecast period 2019 - 2025. frames segment accounted for the largest market share in 2018, this market is expected to reach USD 482.30 Million in 2025 from USD 353.10 Million in 2018. This market is projected to grow at a CAGR of 4.61% during the forecast period from 2019 - 2025. However, exhaust segment is the fastest growing market, which is expected to grow at a CAGR of 8.45% 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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