Pro
Automotive
Asia-Pacific Automotive Suspension System Market Size, By Sales Channel (2018-2027)
| Label | Europe | Germany | France | United Kingdom | Italy | Rest of Europe |
|---|---|---|---|---|---|---|
| 2016 | 21587.90 USD Mn | 6626.10 USD Mn | 4700.70 USD Mn | 3661.70 USD Mn | 2763.30 USD Mn | 3836.20 USD Mn |
| 2017 | 23465.90 USD Mn | 7159.40 USD Mn | 4995.90 USD Mn | 3961.00 USD Mn | 3097.50 USD Mn | 4252.00 USD Mn |
| 2018 | 26063.90 USD Mn | 7896.30 USD Mn | 5425.50 USD Mn | 4378.40 USD Mn | 3547.90 USD Mn | 4815.70 USD Mn |
| 2019 | 29702.40 USD Mn | 8926.00 USD Mn | 6045.40 USD Mn | 4965.60 USD Mn | 4169.50 USD Mn | 5596.00 USD Mn |
| 2020 | 34831.80 USD Mn | 10371.30 USD Mn | 6931.60 USD Mn | 5795.00 USD Mn | 5042.30 USD Mn | 6691.60 USD Mn |
| 2021 | 41330.00 USD Mn | 12179.10 USD Mn | 8041.80 USD Mn | 6843.00 USD Mn | 6169.80 USD Mn | 8096.30 USD Mn |
| 2022 | 49371.10 USD Mn | 14381.20 USD Mn | 9392.60 USD Mn | 8135.00 USD Mn | 7600.40 USD Mn | 9861.80 USD Mn |
| 2023 | 59469.80 USD Mn | 17102.00 USD Mn | 11062.10 USD Mn | 9751.80 USD Mn | 9441.10 USD Mn | 12112.90 USD Mn |
Data Source: Wantstats Repository
Market Dynamics
Germany accounted for the largest market share in 2017 in the Europe green tire market, and is expected to reach USD 17102.00 Million in 2023 from USD 7159.40 Million in 2017. However, Italy is the fastest growing market, which is expected to grow at a CAGR of 21.62% during the forecast period 2018 - 2023. aftermarket segment accounted for the larger market share in 2017, this market is expected to reach USD 39936.20 Million in 2023 from USD 16638.00 Million in 2017. This market is projected to grow at a CAGR of 16.86% during the forecast period from 2018 - 2023. However, oem segment is the fastest growing market, which is expected to grow at a CAGR of 20.35% during the forecast period 2018 - 2023. passenger car segment accounted for the largest market share in 2017, this market is expected to reach USD 26329.60 Million in 2023 from USD 11743.50 Million in 2017. This market is projected to grow at a CAGR of 15.48% during the forecast period from 2018 - 2023.
However, commercial vehicle segment is the fastest growing market, which is expected to grow at a CAGR of 20.52% during the forecast period 2018 - 2023. on road segment accounted for the larger market share in 2017, this market is expected to reach USD 50461.20 Million in 2023 from USD 20498.70 Million in 2017. This market is projected to grow at a CAGR of 17.36% during the forecast period from 2018 - 2023. However, off road segment is the fastest growing market, which is expected to grow at a CAGR of 21.56% during the forecast period 2018 - 2023.
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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