Global Automotive Sway Bars Market 2017-2021
About Automotive Sway Bars
A sway bar is the simplest form of control and safety for a suspension system. The sway bar also acts as a third spring to control the road undulation, leading to increased comfort in a vehicle. In an event of sharp turning a body roll force is generated, the sway bar is responsible to push down the lifted axle by generating an anti-force on the opposite end to neutralize the effect. The next generation of sway bars comprises active sway bars. The sway bar can broadly be classified into physical sway bars and active sway bars.
Technavio’s analysts forecast the global automotive sway bars market to grow at a CAGR of 5.31% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global automotive sway bars market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Automotive Sway Bars Market 2017-2021
Technavio recognizes the following companies as the key players in the global automotive sway bars market: CARROSSER, and ZF Group.
Other Prominent Vendors in the market are: Sikky, Hellwig, Tanabe, NISMO, ADDCO, Megan Racing, TSL Turton, Steeda Autosports, and Whiteline
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is proactive Chassis by McLaren. The Proactive Chassis system provides an option for manual adjustment of the roll stiffness via an intelligent computer system. The drawback with normal sway bars is that the stiffness is always present whether it is needed or not. It does this by supporting a stiffer setting heavy cornering and decouples the suspension when traveling in a straight line, which helps optimum wheel function.”
According to the report, one driver in the market is advancement in technology, leading to reduced cost of sway bars. The manufacturing and design technology have evolved to provide sustainable and low-cost manufacturing processes. This has led to price reduction in sway bar manufacturing. The cost of application has gone down, making sway bars the most optimum choice for a performance upgrade. An average performing set of sway bar (front and rear) can cost about $250. The option of this upgrade for an OE-fitted bar is also available on many models, which comes as part of a multiple performance upgrades package.
Further, the report states that one challenge in the market is high price of active sway bar technology. The future is active suspension systems, and with them, the sway bars will also change. The active sway bars system is an integral part of the suspension design system. The active sway bar technology is priced at a premium of 300% over a physical sway bar price. The technology is in the innovation stage as it has only penetrated the premium luxury vehicles segment. The technology is expected to perform well and grow at a CAGR of 10.77% during the forecast period. However, it is expected to take about another 10 years to trickle down to standard vehicle segments.
CARROSSER, ZF Group, Sikky, Hellwig, Tanabe, NISMO, ADDCO, Megan Racing, TSL Turton, Steeda Autosports, Whiteline.