DUBLIN--(BUSINESS WIRE)--The "Automotive Shock Absorber - Global Market Outlook (2019-2027)" report has been added to ResearchAndMarkets.com's offering.
Global Automotive Shock Absorber market accounted for $8.60 billion in 2019 and is expected to reach $15.00 billion by 2027 growing at a CAGR of 7.2% during the forecast period.
Some of the key factors propelling market growth include increase in automobile sales, need for safety and comfort in vehicles, increasing investment and increasing R&D activities and growing automotive aftermarket. However, oil leakage and noise are restraining market growth.
Automotive shock absorber is a mechanical or hydraulic device that is used to absorb energy and provide a comfort ride to the passenger. The main purpose of a shock absorber is to improve the ride for the passenger and to reduce the bumps created due to rough terrain roads. They support the vehicle weight and reduce vibrations. Furthermore, shock absorbers are also used to enhance the drivability and controllability of vehicles.
By type, damper shock absorbers segment is expected to have significant market growth during the forecast period. Damper shock absorbers offer various features, such as good adjustable configuration, reduction of force capacity by letting out the gas, and easy locking of the position of the dampers (either at the ends or the middle of the stroke). These are generally ensure cost-effective, reliable, and durable operations of the passenger cars, trucks, and light commercial vehicles to provide a stiff ride in some passenger cars, such as Maruti Suzuki Gypsy and Maruti Suzuki WagonR. These factors are projected to drive the demand for damper shock absorbers, especially for passenger cars over the forecast period, which in turn drives market growth.
On the basis of geography, Asia Pacific region is expected to have considerable market growth during the forecast period, due to rising automotive production and increase in disposable income, especially in regional economies such as China, India, and Japan giving a new way for growth of the market. Moreover, rapid expansion in industrialization and technological advancements in the automotive production sector are anticipated to fuel the market in countries in the region.
What the report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter's five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Key Topics Covered:
1 Executive Summary
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.5 Research Sources
3 Market Trend Analysis
3.6 Product Analysis
3.7 Application Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Automotive Shock Absorber Market, By Vehicle Type
5.2 Heavy Commercial Vehicles (HCV)
5.3 Light Commercial Vehicles (LCV)
5.4 Medium Commercial Vehicles
5.5 Passenger Car
5.5.3 Sport Utility Vehicle (SUV)
5.5.5 Sports Car
5.5.9 Multi-purpose Vehicle (MPV)
5.6 Two Wheelers
6 Global Automotive Shock Absorber Market, By Type
6.2 Damper Shock Absorber
6.3 Air Shock Absorber
7 Global Automotive Shock Absorber Market, By Sales Channel
7.2 Original Equipment Manufacturer (OEM)
8 Global Automotive Shock Absorber Market, By Product
8.2 Gas-filled Type Automotive Shock Absorbers
8.3 Hydraulic Type Automotive Shock Absorbers
9 Global Automotive Shock Absorber Market, By Application
9.2 Auto Production
9.3 Machine Tools
9.4 Industrial Automation
10 Global Automotive Shock Absorber Market, By Design
10.2 Mono Tube Design
10.3 Twin Tube Designs
10.3.1 Position Sensitive Damping (PSD)
10.3.2 Gas Charged
10.3.3 Acceleration Sensitive Damping (ASD)
11 Global Automotive Shock Absorber Market, By Geography
11.2 North America
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.5 Other Key Strategies
13 Company Profiling
13.1 Samvardhana Motherson Group (SMG)
13.2 Magneti Marelli S.p.A.
13.3 ITT Corporation
13.4 Thyssenkrupp AG
13.5 ZF Friedrichshafen AG
13.6 Hitachi Automotive Systems, Ltd.
13.7 Mando Corp
13.9 Robert Bosch GmbH
13.10 Continental AG
13.11 Gabriel India Limited
13.12 Duro Shox Pvt Ltd.
13.13 Arnott Inc.
13.14 ACDelco, Inc.
13.15 Zhejiang Sensen Auto Parts Co., Ltd.
13.16 SHOWA CORPORATION
13.17 KYB Corporation
13.18 Tenneco Inc.
13.19 Meritor, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/kymiwr
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