Center and drag link manufacturers are inclined towards manufacturing products that are suitable for rough terrain, bad road conditions and inclement weather conditions. With user’s desire in using better vehicle components, the vehicle manufacturer needs to design products for commercial vehicles by harboring exacting standards of excellence.
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This favors the center and drag link market boosted on account of manufacturers complying with market sentiment. Technological advancements in the automotive industry have fueled the market growth in recent years and product innovation coupled with a fragmented evincing interest from new players is responsible for spurring the market growth. Steering wheel components employing drag and link assembly ramp up their existing models to gain competitive advantage and reaching out to the end-user, this is a market booster for center and drag link market for countries such as India and China.
Segmentation of market on basis of GVW comprises less than 8000 lb. GVW, between 8000 and 15000lb. GVW, and more than 15000lb. GVW. Segmentation on the basis of ball-size type includes 1-1.5 inches, 1.5 to 1.75 inches and 1.75-2.75 inches. On the basis of product type, the market is classified as light-duty, medium-duty and heavy-duty vehicles.
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The market is classified into North America, Europe, Asia Pacific, Latin America and MEA. Low cost of labor in Asia Pacific as compared to that in developed countries has made finished products cheaper in Asia Pacific. The key industry players in the center and drag link market include Federal-Moghul Corporation, Korea Central Ltd, Rane (Madras) Ltd, Powers & sons, LLC, ZF TRW and Moser Engineering.
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