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The market size of the Automobile Steering & Suspension Manufacturing industry in the US is $xx.xx, which is expected to grow at xx% over the next five years. Automobile steering and suspension manufacturers mainly manufacture and rebuild motor vehicle steering and suspension systems and components, consisting of steering wheels, shock absorbers and struts. Spring manufacturing is not included in this industry.
Curious about what drives these trends? IBISWorld's Automobile Steering & Suspension Manufacturing in the US industry coverage has got you covered.
Total value ($) and annual change from 2012 – 2030.
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The market size of the Automobile Steering & Suspension Manufacturing in the US is $18.5bn in 2026.
The market size of the Automobile Steering & Suspension Manufacturing in the US decreased -0.5% in 2026.
The market size of the Automobile Steering & Suspension Manufacturing in the US has grown at a 1.9% CAGR between 2021 and 2026.
See our full analysis of the Automobile Steering & Suspension Manufacturing in the US to understand if the industry market size is expected to grow or decline over the next five years.