Automotive Anti-Roll Bar Market Size, Competitive Landscape and Market Forecast - 2029

SKU: DM2590 | Last Updated On: Aug 30 2022 | Available Formats

> Global Automotive Anti-Roll Bar Market is Expected to reach a high CAGR By 2029: DataM Intelligence

Global Automotive Anti-Roll Bar Market is segmented By Product Type (Solid, Hollow), By Vehicle Type (Passenger Cars, Light Motor Vehicle (LCV), Heavy Motor Vehicle (HCV)), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

 

Market Overview

[150 Pages Report] The Global Automotive Anti-Roll Bar Market is expected to grow at a high CAGR during the forecasting period (2022-2029).

Automotive Anti-Roll Bar Market - Strategic Insights

Metrics

Details

Market CAGR

 High

Segments Covered

By Product Type, By Vehicle Type and By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights.

Fastest Growing Region

Asia Pacific

Largest Market Share 

North America

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An automotive anti-roll bar is an anti-sway bar that is incorporated into the vehicle. An automotive anti-roll bar associates the left and right wheels together through short lever arms connected by a torsion spring. The automotive anti-roll bar is useful for a 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 it passes over a hump in the road or the vehicle commences to roll while cornering. The automotive anti-roll bar provides counterbalancing to the other side of the wheel through the suspension.

Market Dynamics:

The market is driven by the increasing demand for automotive anti-roll bars that are useful for improving the vehicle's safety, comfort, and handling. The automotive anti-roll bars enhanced the 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 an increase in the launch of the automotive anti-roll bar. For instance, in June 2013, JConcepts had launched the anti-roll bar kit due to continuous driving on indoor, technical driving circuits that require 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 using included components assembled in a different configuration. Anti-roll bars control left to right chassis roll, which plays a significant part in any vehicle's handling and suspension activity.

In September 2016, Hamilton Classic and Motorsport had launched the refined anti-roll bar spacer kit. These anti-roll bar blocks complete with the proper recess for the anti-roll bar bush.

Several organizations, associations, and institutes are raising the funding to develop 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 anti-roll bars, and the University of Sheffield Advanced Manufacturing Research Centre (AMRC). The project evaluates 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 anti-roll bars' design and undertake a wide variety of laboratory testing to simulate the conditions that the anti-roll bars would face during their service life.

 Segment Analysis

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 automobiles due to its lightweight and low cost compared 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 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 passenger cars, light motor vehicles (LCV), and heavy motor vehicles (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 passenger cars across the globe shall stimulate market growth. Automotive anti-roll bars improve the tracking that provides a safe and comfortable drive during sharp cornering and handling of the passenger cars. The growing awareness regarding the safety and proper handling of vehicles shall fuel the market growth.

Geographical Presentation

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 heavy motor vehicles, light motor vehicles, and passenger cars. There is an increasing demand for adjustable anti-roll bars in racing cars that provide advantages such as stiffness, high suspension, and shock absorbers to the racing cars. There is a growing inclination towards comfort and safe driving. The United States accounts for the highest market share of XX% in 2019 due to automobiles' high production. There is an increase in automobile production with new technologies and systems to control and regulate anti-roll bars.

Asia-Pacific is expected to have 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 passenger cars shall stimulate market growth. There is an increase in investment for the development of automobiles. For instance, according to the Department for Promotion of Industry and Internal Trade (DPIIT), the Indian automobile industry has received a 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.

Competitive Analysis

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 provides 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 delivered 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 an 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.

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