2025 Automobile Steering & Suspension Components Manufacturing Industry Report

Industry Overview

This industry comprises establishments primarily engaged in manufacturing and/or rebuilding motor vehicle steering mechanisms and suspension components (except springs). Illustrative Examples: Power steering pumps manufacturing Rack and pinion steering assemblies manufacturing Shock absorbers, automotive, truck, and bus, manufacturing Steering columns, automotive, truck, and bus, manufacturing Steering wheels, automotive, truck, and bus, manufacturing Struts, automotive, truck, and bus, manufacturing
Source: US Census Bureau

Market Size and Industry Forecast

The Automobile Steering and Suspension Components Manufacturing industry report contains historical and forecasted statistics used by leading private equity firms and consultants. Market sizes from 2020 to 2030 reflect industry trends and growth patterns. Revenues include both public and private companies in the Automobile Steering & Suspension Components Manufacturing industry.

	Historical					Forecasted
	2020	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030
Market Size (Total Revenue)
% Growth Rate
Number of Companies
Total Employees
Average Revenue per Company
Average Employees per Company

Source: U.S. government financial data



Advanced econometric models forecast five years of industry growth based on short- and long-term trend analysis. Market size includes revenue generated from all products and services sold within the industry.

Geographic Breakdown by U.S. State

Market size by state reveals local opportunity through the number of companies located in the region. Each state's growth rate is affected by regional economic conditions. Data by state can be used to pinpoint profitable and nonprofitable locations for Automobile Steering & Suspension Components Manufacturing companies in the United States.

Distribution by Company Size

Company Size	All Industries	Automobile Steering & Suspension Components Manufacturing
Small Business (< 5 Employees)
Small Business (5 - 20)
Midsized Business (20 - 100)
Large Business (100 - 500)
Enterprise (> 500)

Automobile Steering & Suspension Components Manufacturing Industry Income Statement (Average Financial Metrics)

Financial statement analysis determines averages for the following industry forces:

• Cost of goods sold
• Compensation of officers
• Salaries and wages
• Employee benefit programs
• Rent paid
• Advertising and marketing budgets

The report includes a traditional income statement from an "average" company (both public and private companies included).

	Industry Average	Percent of Sales
Total Revenue
Operating Revenue
Cost of Goods Sold (COGS)
Gross Profit
Operating Expenses
Operating Income
Non-Operating Income
Earnings Before Interest and Taxes (EBIT)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit

Financial Ratio Analysis

Financial ratios allow a company's performance to be compared against that of its peers.

Financial Ratio	Industry Average
Profitability Ratios
Profit Margin
ROE
ROA
Liquidity Ratios
Current Ratio
Quick Ratio
Activity Ratios
Average Collection Period
Asset Turnover Ratio
Receivables Turnover Ratio
Inventory Conversion Ratio

Automobile Steering & Suspension Components Manufacturing Industry Product Mix

Product Description	Description	Revenue ($ Millions)
Motor vehicle steering and suspension parts
Motor vehicle steering/suspension components, new and rebuilt
Motor vehicle shock absorbers
Motor vehicle tie rod ends
Motor vehicle steering idler arms, drag links, and control arms
Motor vehicle steering wheels, columns, and gearboxes
Other motor vehicle steering and suspension components
Motor vehicle steering/suspension component manufacturing, nsk
Motor vehicle steering/suspension component for non-admin records
Motor vehicle steering/suspension component for admin records

Automobile Steering & Suspension Components Manufacturing Industry Compensation and Salary Surveys

Title	Percent of Workforce	Bottom Quartile	Average (Median) Salary	Upper Quartile
Management Occupations	4%
Chief Executives	0%
General and Operations Managers	1%
Architecture and Engineering Occupations	8%
Engineers	6%
Office and Administrative Support Occupations	6%
Installation, Maintenance, and Repair Occupations	6%
Production Occupations	65%
Assemblers and Fabricators	28%
Assemblers and Fabricators, All Other, Including Team Assemblers	23%
Metal Workers and Plastic Workers	23%
Other Production Occupations	8%
Transportation and Material Moving Occupations	5%

Government Contracts

The federal government spent an annual total of $1,245,363 on the automobile steering & suspension components manufacturing industry. It has awarded 86 contracts to 47 companies, with an average value of $26,497 per company.

Top Companies in Automobile Steering & Suspension Components Manufacturing and Adjacent Industries

Company	Address	Revenue ($ Millions)