Asia-Pacific Automotive Suspension System Market Size, By Sales Channel (2018-2027)
| Label | Stainless Steel | Plastic | Aluminum | Others |
|---|---|---|---|---|
| 2016 | 67.7 USD Mn | 48.2 USD Mn | 18.8 USD Mn | 11.5 USD Mn |
| 2017 | 69.1 USD Mn | 51.3 USD Mn | 19.9 USD Mn | 12.1 USD Mn |
| 2018 | 70.9 USD Mn | 53.7 USD Mn | 20.6 USD Mn | 12.6 USD Mn |
| 2019 | 72.9 USD Mn | 56.3 USD Mn | 21.5 USD Mn | 13.0 USD Mn |
| 2020 | 75.1 USD Mn | 59.1 USD Mn | 22.4 USD Mn | 13.5 USD Mn |
| 2021 | 77.5 USD Mn | 62.3 USD Mn | 23.4 USD Mn | 14.1 USD Mn |
| 2022 | 80.1 USD Mn | 65.8 USD Mn | 24.5 USD Mn | 14.7 USD Mn |
| 2023 | 82.7 USD Mn | 69.5 USD Mn | 25.7 USD Mn | 15.4 USD Mn |
Data Source: Wantstats Repository
Market Dynamics
stainless steel segment accounted for the largest market share in the glove box market, and is expected to reach USD 82.70 Million in 2023 from USD 69.10 Million in 2017. However, plastic segment is the fastest growing market, which is expected to grow at a CAGR of 5.29% 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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