Global Automotive Anti-Roll Bar Market - 2020-2027
|汽車用防傾桿的全球市場:2020年-2027年 Global Automotive Anti-Roll Bar Market - 2020-2027|
|出版日期: 2020年08月27日||內容資訊: 英文|
Automotive anti-roll bar is the anti-sway bar that is incorporated into the vehicle. Automotive anti-roll bar associates the left and right wheels together through short lever arms connected by a torsion spring. Automotive anti-roll bar is useful for comfortable ride under normal driving conditions. It acts when the vehicle is leaning on one side while making a turn. It is effective if one wheel is raised higher than the other as the vehicle passes over a hump in the road or the vehicle commences to roll while cornering. Automotive anti-roll bar provides the counterbalancing to the other side of the wheel through the suspension. The global automotive anti-roll bar market valued USD XX million in 2019 and it is expected to grow at a CAGR of XX% to reach USD XX million by 2020-2027.
The market is driven by the increasing demand for the automotive anti-roll bars that are useful for improving the safety, comfort, and handling of the vehicle. The automotive anti-roll bars enhanced handling and security of the vehicle. These bars are useful for preventing the vehicle from over leaning. The automotive anti-roll bars are essential for keeping the vehicle stable while taking a sharp turn at high speed.
There is increase in the launch of the automotive the anti-roll bar. For instance, in June 2013, JConcepts had launched the anti-roll bar kit as the result of the of continuous driving on indoor, technical driving circuits that requires the correct vehicle balance. The JConcepts anti-roll bar kit can also be used on the SC10.2 and T4.2 generation gull-wing front suspension by using included components assembled in a different configuration. Anti-roll bars control left to right chassis roll which play a significant part in the handling and suspension activity on any vehicle.
In September 2016, Hamilton Classic and Motorsport had launched the refined anti-roll bar spacer kit. This anti-roll bar blocks complete with the proper recess for the anti-roll bar bush.
Several organizations, associations and institutes are raising the funding for the development of the automotive anti-roll bar. For instance, in June 2019, Performance Engineered Solutions (PES) is working on the project, co-funded by the UK's innovation agency, Innovate UK, with Tinsley Bridge, a supplier of anti-roll bars, and the University of Sheffield Advanced Manufacturing Research Centre (AMRC). The project is evaluating the development and manufacture of lighter composite materials as an alternative to traditional metal anti-roll bars. Lightweight anti-roll bars could cut fuel consumption and emissions from rail and heavy road vehicles whilst also improving their reliability. The new project would further develop and refine the design of the anti-roll bars and undertake a wide variety of laboratory testing to simulate the conditions that the anti-roll bars would face during their service life.
The global automotive anti-roll bar market is segmented based on product type as solid and hollow. The hollow segment accounts for the highest market share of XX% in 2019 due to the higher penetration of the hollow anti-roll bar in the automobiles due to its light weight and low cost in comparison to the solid automotive anti-roll bar. Hollow anti-roll bars have less stiffness but the result is equivalent to a solid bar. These bars provide the better fuel efficiency. It is further expected that the hollow segment shall maintain its dominant position over the forecasted period.
Further, the market is also classified based on the vehicle type as passenger cars, light motor vehicle (LCV), and heavy motor vehicle (HCV). The passenger cars segment accounts for the highest market share due to the high usage of the automotive anti-roll bars in passenger cars. The increasing production of the passenger cars across the globe shall stimulate the market growth. Automotive anti-roll bars improve the tracking that provide the safe and comfortable drive during sharp cornering and handling of the passenger cars. The growing awareness regarding the safety and proper handling of the vehicles shall fuel the market growth.
By region, the global automotive anti-roll bar market is segmented into North America, South America, Europe, Asia-Pacific, Middle-East, and Africa. Among all of the regions, North America dominated the global automotive anti-roll bar market due to the higher usage of the automotive anti-roll bar in the heavy motor vehicles, light motor vehicles, and passenger cars. There is increasing demand for the adjustable anti-roll bars in the racing cars that provide the advantages such as stiffness, high suspension, and shock absorbers to the racing cars. There is growing inclination towards comfort and safe driving. The United States accounts for the highest market share of XX% in 2019 due to the high production of the automobiles. There is increase in the production of the automobiles with the new technologies and systems to control and regulate anti-roll bars.
Asia-Pacific is expected to have the and expected to grow at the highest CAGR during the forecasted period to the increasing production of the vehicles with the safety along with the automotive anti-roll bars. The growing demand for the passenger cars shall stimulate the market growth. There is increase in the investment for the development of the automobiles. For instance, according to the Department for Promotion of Industry and Internal Trade (DPIIT), the Indian automobile industry has received the Foreign Direct Investment (FDI) of USD 24.21 billion between April 2000 and March 2020. The increasing purchasing power and domestic income of the people shall fuel the market growth.
The global automotive anti-roll bar market is highly competitive with the presence of several international and local markets. Product diversification, revenue generation, and opportunities intensify the market competition. Chuo Spring Co. Ltd.., Eibach Inc., Farinia Group, Kongsberg Automotive ASA, NHK Spring Co. Ltd., Schaeffler AG, Sogefi SPA, and ZF Friedrichshafen AG are the leading market players with significant market share.
The major players are using product development, novel product launch, collaborations, acquisitions, mergers, market expansion, capacity utilization, and product diversification strategies for holding their position in the market. For instance, In May 2018, Volkswagen's new third-generation Touareg SUV provide the new advanced running gear made largely of lightweight aluminum, featuring a combination of four-corner pneumatic suspension with adaptive electronic damping control and at Volkswagen, a completely newly developed electromechanical active roll compensation system (eAWS). The eAWS features active anti-roll bars that use electric motors and a 48-volt system to adapt instantly to the driving situation, bringing a level of agility and ride comfort.
In April 2018, Tinsley Bridge delivers the first high performance stabilizer anti-roll bar to JCB for the Fastrac 4000 tractor. The Fastrac is a fully suspended four-wheel-drive tractor that can operate safely at speed on the roads but still matches conventional tractors in the field. It's a unique concept that's both simple but revolutionary, provide the full front and rear suspension for unparalleled ride, comfort and traction.
In April 2012, Tata Motors had replaced the anti-roll bar bushes free of cost, on all Manza cars sold so far. The new bushes would have a sturdier material than that of the present bushes. The anti-roll bar bush is used to anchor the anti-roll bar. Replacing the anti-roll bar bush would help the controlling the suspension rattle.