India Motor Vehicle Steering and Suspension Parts Market (2025-2031) | Revenue, Trends, Value, Forecast, Industry, Share, Companies, Outlook, Size, Growth, Analysis

India Motor Vehicle Steering and Suspension Parts Market Synopsis

The India Motor Vehicle Steering and Suspension Parts Market is estimated to grow at a CAGR of 8.5% during 2025-2031. The increasing sales of vehicles, coupled with the growing demand for enhanced safety features, are some of the major factors that are driving the growth in this market. Also, technological advancements in steering and suspension systems are expected to contribute significantly towards the growth of this market during the forecast period.

Drivers of the Market:

? Increasing Sales of Vehicles ? With an ever-growing population in India, there has been an increase in personal mobility needs which has resulted in increased sales of vehicles across different segments such as SUVs, sedans etc., therefore propelling the need for advanced steering & suspension parts. This is one ofthe major drivers fueling upmarket growth.

? Growing Demand for Enhanced Safety Features ? There is a rising trend amongst consumers especially from developing countries looking out for safety features while purchasing new cars or replacing their existing car components such as airbags and shock absorbers among others leading to increased demand for these parts .

? Technological Advancements - Automotive manufacturers have been continuously investing capital on research & development activities related to advancement in automotive technologies such as active control systems combined with sensorsleading to greater efficiency , better ride quality , improved comfort level resulting into higher customer satisfaction levels thereby boosting upmarket trends .

Challenges of the Market:

? High Cost Involved - Assembling such sophisticated auto parts requires significant investments which further increases cost associated with manufacturing them thus posing challenge before end users who usually look outfor budget friendly options making it difficult for original equipment manufactures (OEMs)and after markets part makers operatinginthis space .

Key Players of the Market:

Tenneco Inc., Hitachi Ltd., TRW Automotive Holdings Corp., Continental AG , thyssenkrupp AG , ZF Friedrichshafen AG , Federal Mogul LLC

Key Highlights of the Report:

• India Motor Vehicle Steering and Suspension Parts Market Outlook
• Market Size of India Motor Vehicle Steering and Suspension Parts Market, 2024
• Forecast of India Motor Vehicle Steering and Suspension Parts Market, 2031
• Historical Data and Forecast of India Motor Vehicle Steering and Suspension Parts Revenues & Volume for the Period 2021-2031
• India Motor Vehicle Steering and Suspension Parts Market Trend Evolution
• India Motor Vehicle Steering and Suspension Parts Market Drivers and Challenges
• India Motor Vehicle Steering and Suspension Parts Price Trends
• India Motor Vehicle Steering and Suspension Parts Porter's Five Forces
• India Motor Vehicle Steering and Suspension Parts Industry Life Cycle
• Historical Data and Forecast of India Motor Vehicle Steering and Suspension Parts Market Revenues & Volume By Types for the Period 2021-2031
• Historical Data and Forecast of India Motor Vehicle Steering and Suspension Parts Market Revenues & Volume By Steering Components for the Period 2021-2031
• Historical Data and Forecast of India Motor Vehicle Steering and Suspension Parts Market Revenues & Volume By Suspension Components for the Period 2021-2031
• Historical Data and Forecast of India Motor Vehicle Steering and Suspension Parts Market Revenues & Volume By Application for the Period 2021-2031
• Historical Data and Forecast of India Motor Vehicle Steering and Suspension Parts Market Revenues & Volume By Commercial Vehicle for the Period 2021-2031
• Historical Data and Forecast of India Motor Vehicle Steering and Suspension Parts Market Revenues & Volume By Passenger Car for the Period 2021-2031
• India Motor Vehicle Steering and Suspension Parts Import Export Trade Statistics
• Market Opportunity Assessment By Types
• Market Opportunity Assessment By Application
• India Motor Vehicle Steering and Suspension Parts Top Companies Market Share
• India Motor Vehicle Steering and Suspension Parts Competitive Benchmarking By Technical and Operational Parameters
• India Motor Vehicle Steering and Suspension Parts Company Profiles
• India Motor Vehicle Steering and Suspension Parts Key Strategic Recommendations