Automotive Shock Absorber Industry 2019 Global Market Analysis 2019 to 2025 is latest research report on “Automotive Shock Absorber Market” published by MarketResearchFuture. Global Automotive Shock Absorber Market size to demonstrate healthy growth rate by 2025. This growth is attributed to Rise With Focus On Vehicles Safety Performance. Report segments market for Automotive Shock Absorber by Type (Air Shock Absorber, Damper Shock Absorber and others), Vehicle Type (Passenger Car and Commercial Vehicle), Sales Channel (OEM and Aftermarket) and Region.
Automotive Shock Absorber Market Key Competitors Analyzed
KYB Corporation (Japan), Thyssenkrupp AG (Germany), ZF Friedrichshafen AG (Germany), Tenneco Inc. (US), Mando Corp (South Korea), Meritor Inc. (US), SHOWA Corporation (Japan), Hitachi Automotive Systems Ltd. (Japan), KONI BV (Netherlands), and Gabriel India Ltd. (India).
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Automotive Shock Absorber Market Overview:
The success of the automobile sector after a period of depression has reflected positively on the shock absorber market. Reports that investigate the automobile industry have been presented by Market Research Future, which produces reports on industry verticals that appraise the market expansion and prospects. The market is projected to observe a CAGR of 4.72 % in the period of the forecast.
The usage of more than one car per household is adding to the development of the automotive shock absorber market. Moreover, increased emphasis on vehicular safety by governments as well as private bodies around the world is intensifying the progress of the shock absorber market. The emergence of additional tier-1 motor vehicle component suppliers is expected to create positive avenues for growth in the forthcoming period.
Segmental Analysis:
The segmentation of the automotive shock absorber market is conducted on the basis of sales channel, vehicle type, type, and region. Based on the type, the automotive shock absorber market is segmented into damper shock absorber, air shock absorber, and others. Based on the vehicle type, the automotive shock absorber market can be bifurcated into commercial vehicle and passenger car. Based on the sales channel, the automotive shock absorber market is divided into OEM and aftermarket. Based on the regions, the automotive shock absorber market comprises of Europe, North America, Asia Pacific (APAC), and the rest of the world (RoW).
Detailed Regional Analysis:
The regional examination of the automotive shock absorber market includes regions such as Europe, North America, Asia Pacific, and the rest of the world (RoW). The evolution of the auto component manufacturing industry in the Asia Pacific region is primarily motivated by the increasing automobile manufacturing industry, particularly in nations, such as India, China, and Malaysia. Furthermore, the aftermarket industry for wear and tear pieces and other associated products are responsible for nearly half of the entire automotive aftermarket component sales in the region. Due to this, the automotive component producers have begun their production plants and distribution networks in the Asia-Pacific region. The regions, such as Middle East & Africa and South America are also displaying considerable progress in the market. The progress of the shock absorber market in the region can be principally accredited to the incidence of key automotive OEMs that are contributing to increasing the demand for auto parts and components. Also, the growth of the market can also be accredited to the growth in the yearly average import competences of the automobile industry in the region.
Competitive Analysis:
The governments around the world have also played a substantial role in the growth of the market in recent years. The intensification of investors in the market has played a pivotal role in the progress of the market. The reduction in the barrier to trade is expected to offer new areas for growth in the upcoming years. The market has developed an incremental pace in the past few years, which is highlighted by the achievements in terms of valuation. The development of the resources needed to sustain against competition has improved greatly leading to an unprecedented growth rate. Also, the competition being observed in the market is not detrimental to the individual player’s development in the market. The monetary inflows in the market are being directed towards increasing the innovations in the core product offering offered in the market so that the growth doesn’t stagnate in the forthcoming period.
List of Tables:
TABLE 1 LIST OF ASSUMPTIONS 17
TABLE 2 REGULATORY LANDSCAPE: AUTOMOTIVE SHOCK ABSORBER 34
TABLE 3 MAJOR GRANTED PATENTS ON AUTOMOTIVE SHOCK ABSORBER MARKET (JULY 01, 2015 – JULY 01, 2019) 36
TABLE 4 GLOBAL AUTOMOTIVE SHOCK ABSORBER MARKET, BY TYPE, 2017–2025 (USD MILLION) 47
TABLE 5 SUB-SEGMENT: DAMPER SHOCK ABSORBER: GLOBAL AUTOMOTIVE SHOCK ABSORBER MARKET, BY DAMPER TYPE, 2017–2025 (USD MILLION) 47
TABLE 6 GLOBAL AUTOMOTIVE SHOCK ABSORBER MARKET, BY VEHICLE TYPE, 2017-2025 (USD MILLION) 49
TABLE 7 GLOBAL AUTOMOTIVE SHOCK ABSORBER MARKET, BY SALES CHANNEL, 2017-2025 (USD MILLION) 51
TABLE 8 GLOBAL AUTOMOTIVE SHOCK ABSORBER MARKET, BY REGION, 2017–2025 (USD MILLION) 52
TABLE 9 NORTH AMERICA: AUTOMOTIVE SHOCK ABSORBER MARKET, BY COUNTRY, 2017–2025 (USD MILLION) 53
TABLE 10 NORTH AMERICA: AUTOMOTIVE SHOCK ABSORBER MARKET, BY TYPE, 2017–2025 (USD MILLION) 54
TABLE 11 SUB-SEGMENT: DAMPER SHOCK ABSORBER: NORTH AMERICA: AUTOMOTIVE SHOCK ABSORBER MARKET, BY DAMPER TYPE, 2017–2025 (USD MILLION) 54
TABLE 12 NORTH AMERICA: AUTOMOTIVE SHOCK ABSORBER MARKET, BY VEHICLE TYPE, 2017–2025 (USD MILLION) 55
TABLE 13 NORTH AMERICA: AUTOMOTIVE SHOCK ABSORBER MARKET, BY SALES CHANNEL, 2017–2025 (USD MILLION) 55
TABLE 14 US: AUTOMOTIVE SHOCK ABSORBER MARKET BY TYPE, 2017–2025 (USD MILLION) 56
TABLE 15 SUB-SEGMENT: DAMPER SHOCK ABSORBER: US: AUTOMOTIVE SHOCK ABSORBER MARKET, BY DAMPER TYPE, 2017–2025 (USD MILLION) 56
Continued…
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