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Anti-Roll Bar Market Size, Share Global Analysis Report, 2022 – 2028
Anti-Roll Bar Market Size, Share, Growth Analysis Report By Product Type (Solid bar & Hollow bar), By Vehicle Type (Passenger Cars, Light Motor Vehicle, Heavy Motor Vehicle), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028
Industry Insights
[234+ Pages Report] According to Facts and Factors, the global anti-roll bar market size was worth around USD 928.75 million in 2021 and is predicted to grow to around USD 1247.91 million by 2028 with a compound annual growth rate (CAGR) of roughly 4.31% between 2022 and 2028. The report analyzes the global anti-roll bar market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the anti-roll bar market.
Market Overview
Every type of vehicle includes a suspension system that provides a comfortable ride and lessens vibration from irregularities in the road. Torsion bars, leaf and coil springs, struts, anti-roll bars, shock absorbers, and many more are among the many pieces that it consists of. Sway bar, anti-sway bar, and stabilizer bar are further names for an anti-roll bar. Torsion springs are used to hold together the short lever arms that connect the left and right wheels or the opposing wheels.
The anti-roll bar links, which are rods subjected to considerable stress loading, improve the roll toughness of the suspension. The sway bar or anti-roll bar keeps the vehicle stable during turning and prevents excessive tilting. Many automobiles have one anti-roll bar in the front suspension and extra independent anti-roll bars in the rear suspension, but some cars only have one anti-roll bar in the front suspension.
The world market for anti-roll bars is primarily driven by the rising automotive sectors. The growing popularity of sports cars is another factor driving the global market for anti-roll bars. Three advantages of anti-roll bars—stiffness, high suspension, and shock absorbers—are propelling demand in the global anti-roll bar market. Due to increased investment in the automotive industry, there will be a trend over the anticipated time period in the worldwide anti-roll bar market. The company operating in the anti-roll bar market can increase its share of the global anti-roll bar market by boosting investment due to the region's rising automotive sector.
Key Insights
- As per the analysis shared by our research analyst, the global anti-roll bar market is estimated to grow annually at a CAGR of around 4.31% over the forecast period (2022-2028).
- In terms of revenue, the global anti-roll bar market size was valued at around USD 928.75 million in 2021 and is predicted to grow to around USD 1247.91 million by 2028. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
- Based on type segmentation, the hollow bar was predicted to show maximum market share in the year 2021
- Based on vehicle type segmentation, passenger car had the leading revenue-generating applications in 2021.
- On the basis of region, Asia Pacific was the leading revenue generator in 2021.
Covid-19 Impact
Due to worldwide lockdowns, the COVID-19 pandemic had a moderate effect on the anti-roll bar market. The demand for compact vehicles and related markets rose in 2021 as a result of government incentives. New safety measures were taken by the government and major industry players to advance production techniques. The SUV's sales rate increased as a result of technological developments because it was marketed to the appropriate demographic. In the post-pandemic environmental, the rise in SUV and sedan sales is anticipated to further fuel market expansion.
Growth Drivers
- Increasing demand for vehicle production and passenger car business all over the globe is driving the market of anti-roll bar globally.
Trucks with high ground clearance, especially utility vehicles, frequently incorporate anti-roll bars. The use of sophisticated suspension systems results in more comfortable utility vehicles. Anti-roll bars are crucial components of a car's suspension system since they improve performance and safety. Vendors are now selling cutting-edge items like electromechanical anti-roll bars for SUVs that are built with off-road capabilities and good traction control over a variety of terrain types. So, during the course of the forecast period, the growing popularity of utility vehicles like SUVs and CUVs would favorably affect the growth of the worldwide anti-roll bar market.
Restraints
- High cost of the vehicles to restrict the market growth
On the other hand, high car costs and poor fuel efficiency are predicted to restrain global anti-roll bar market expansion. During the forecast period of 2022–2029, significant maintenance costs and increased insurance rates are also anticipated to provide challenges to the anti-roll bar market. Furthermore, a lack of demand is restricting the aftermarket anti-roll bar industry.
Opportunities
- Development of advanced automotive chassis control system to offer market growth aspects
With the combination of computerized chassis control systems with cutting-edge parts like anti-roll bars, air springs, and bushings, ride comfort and safety in vehicles have significantly improved. For improved vehicle handling, decreased articulation stiffness, and reduced single-wheel stiffness, prominent OEMs are incorporating adjustable anti-roll bars. Additionally, the system's anti-roll bars decouple the vehicle's suspension system in a straight line for better wheel articulation while still maintaining the vehicle's precise roll control during hard cornering. Thus, it is anticipated that during the forecast period, these advances in an advanced automobile chassis control system would further create opportunities for market expansion.
Segmentation Analysis
The global anti-roll bar market is segmented based on product type, vehicle type, and region.
Based on product type, the market is segmented into solid bar & hollow bar. The hollow bar segment dominated the global anti-roll bar market due to its lesser weight and lower stiffness compared to a solid bar, the result is identical to a solid bar. The hollow bar's low price is another significant factor that is anticipated to support its sustained dominance over the predicted period.
Based on vehicle type, the market is segmented into passenger car, light motor vehicle, and heavy motor vehicle. The passenger car segment dominated the global anti-roll bar market because of an increase in the production of passenger cars. The increased consumer preference for a secure and comfortable vehicle is another factor that is projected to boost demand for passenger automobiles.
Recent Developments:
- On February 08, 2019 – At the CAR-Symposium in Bochum, BENTELER presented itself as a technology partner for steel tube solutions. With over 1200 participants per year, this event has become a renowned trade meeting for the automotive industry. In a presentation accompanied by an exhibition, BENTELER Steel/Tube introduced its lightweight steel tube solutions for the automotive sector. With over 100 years of expertise in steel and tube production, the Steel/Tube division, part of the global BENTELER Group, provides innovative solutions for the future of mobility, among many other products.
Report Scope
Report Attribute |
Details |
Market Size in 2021 |
USD 928.75 Million |
Projected Market Size in 2028 |
USD 1247.91 Million |
CAGR Growth Rate |
4.31% CAGR |
Base Year |
2021 |
Forecast Years |
2022-2028 |
Key Market Players |
Sway Tec, Thyssenkrupp, Tinsley Bridge, NHK International, Fawer, SAT, Kongsberg Automotive, Dongfeng, TMT (CSR), Yangzhou Dongsheng, Wanxiang, Tower, ZF TRW, ADDCO, AAM, Huayu, TATA, DAEWON, Mubea, Sogefi, Chuo Spring, and others. |
Key Segment |
By Product Type, Vehicle Type, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
Purchase Options |
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Regional Analysis
- Asia Pacific to lead the market growth during the projection period
Asia Pacific region is dominating the share of the global anti-roll bar market due to the region's increased demand for anti-roll bars, and a rise in passenger car production is anticipated. An additional factor supporting the growth of passenger cars is an increase in consumer disposable money and a preference for comfortable driving. According to predictions, Europe will hold the second-largest share of the anti-roll bar market. Manufacturers must now include parts that improve the vehicle's safety due to the region's strict safety regulations. Leading producers in this area are concentrating on making lightweight automobiles that adhere to the standards set by the government. The anti-roll bar market is predicted to increase strongly in North America. The market for anti-roll bars is predicted to increase strongly in this region due to the growing demand for them in high-performance automobiles.
Competitive Analysis
- Sway Tec
- Thyssenkrupp
- Tinsley Bridge
- NHK International
- Fawer
- SAT
- Kongsberg Automotive
- Dongfeng
- TMT (CSR)
- Yangzhou Dongsheng
- Wanxiang
- Tower
- ZF TRW
- ADDCO
- AAM
- Huayu
- TATA
- DAEWON
- Mubea
- Sogefi
- Chuo Spring
The global anti-roll bar market is segmented as follows:
By Product Type
- Solid Bar
- Hollow Bar
By Vehicle Type
- Passenger Vehicle
- Light motor Vehicle
- Heavy motor Vehicle
By Regional Segment Analysis
- North America
- The U.S.
- Canada
- Mexico
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Denmark
- Sweden
- Norway
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Content
Industry Major Market Players
- Sway Tec
- Thyssenkrupp
- Tinsley Bridge
- NHK International
- Fawer
- SAT
- Kongsberg Automotive
- Dongfeng
- TMT (CSR)
- Yangzhou Dongsheng
- Wanxiang
- Tower
- ZF TRW
- ADDCO
- AAM
- Huayu
- TATA
- DAEWON
- Mubea
- Sogefi
- Chuo Spring
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