Global Automotive Shock Absorber
Market Report
2024
As per Cognitive Market Research's latest published report, the Global Automotive Shock Absorber market size was USD 15.34 Billion in 2022 and it is forecasted to reach USD 22.62 Billion by the end of 2030. Automotive Shock Absorber Industry's Compound Annual Growth Rate will be 4.8 % from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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As per Cognitive Market Research's latest published report, the Global Automotive Shock Absorber market size was USD 15.34 Billion in 2022 and it is forecasted to reach USD 22.62 Billion by the end of 2030. Automotive Shock Absorber Industry's Compound Annual Growth Rate will be 4.8 % from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Automotive Shock Absorber Market Sales Revenue 2022 | $ 15.34 Billion |
Global Automotive Shock Absorber Market Sales Revenue 2030 | $ 22.62 Billion |
Global Automotive Shock Absorber Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 4.8% |
Market Split by Product Type |
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Market Split by Vehicle Type |
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Market Split by Mechanism |
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Market Split by Technology |
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Market Split by Sales Channel |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Report scope is customizable as we have a huge database of Automotive Shock Absorber industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Automotive Shock Absorber Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Shock absorbers are hydraulic (oil) pump-like components that help to regulate how the vehicle's springs and suspension move during impact and rebound. The primary function of the shock absorber is to guarantee that the tires of the vehicle always remain in touch with the road surface. This provides the safest control and braking reaction from the vehicle in addition to minimizing bumps and vibrations. The steering, road handling, and brake response of the car will be excellent as long as its tires are in contact with the pavement, which will contribute to driver safety.
The growing automotive industry and rising demand for lightweight automotive components in vehicles are the major driving factors for the growth of the automotive shock absorbers market. The production of vehicles is increasing, due to the increasing demand from customers, the growing need for suitable transportation options, their rising spending capacity, and the increasing demand for luxurious cars. According to IBEF (India Brand Equity Foundation), the annual production of automobiles in India, in 2022 was 22.93 million vehicles.
Increasing need for vehicle safety infrastructure, and growing investment in automotive research and development can create lucrative opportunities for the global automotive shock absorber market. In addition, the growing industrialization across the globe leads to the growing need for suitable transportation in various industries, which is estimated to propel the market growth during the forecast period. However, fluctuating raw material prices, and emerging competition due to alternative technologies can hinder the growth of the market.
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Competitive Landscape includes company profiling of the key manufacturers listed below. It also provides the key developments such as new product launches, expansion, mergers & acquisitions, partnerships, agreements, joint ventures, business overview, key strategies and financial analysis associated with the key players. Strategy implemented to overcome the COVID-19 Impact will be discussed in the report scope. Key players Financials includes Revenue (USD Million), Gross Margin (%) and Market Share (%) (2019- 2023), S.W.O.T Analysis, (To read more request the sample pages Or speak to analyst/author directly).
Top Companies Market Share in Automotive Shock Absorber Industry: (In no particular order of Rank)
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APAC region is estimated as the dominating region for the global automotive shock absorber market. This region is projected to maintain its dominance over the forecast period. Increasing disposable income leads to the increasing buying power of customers, and thereby the demand for luxurious products is also increased. Further, the production of automobiles is also increased in developing countries like China, India, and Japan. According to IBEF (India Brand Equity Foundation), India is a leading auto exporter with high prospects for export growth in the near term.
Additionally, a number of government-sponsored programs, including the Automotive Mission Plan 2026, the scrappage policy, and the production-linked incentive program in the Indian market, are anticipated to elevate India to a position of prominence in the global two- and four-wheeler markets by 2022. Moreover, According to NITI Aayog and the Rocky Mountain Institute (RMI), the Indian EV finance market is anticipated to reach Rs. 3.7 lakh crore (US$ 50 billion) by 2030.
The current report Scope analyzes Automotive Shock Absorber Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
Global Automotive Shock Absorber Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Automotive Shock Absorber Industry growth. Automotive Shock Absorber market has been segmented with the help of its Product Type, Vehicle Type Mechanism, and others. Automotive Shock Absorber market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on present and future trends, the market size is estimated from 2019 to 2031. Moreover, study also provides quantitative and qualitative analysis of each type to understand the driving factors for the fastest growing type segment for Automotive Shock Absorber market.
Product Type of Automotive Shock Absorber analyzed in this report are as follows:
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Automotive Shock Absorber Industry. Request a Free Sample PDF!
Based on vehicle type, the market is segmented into Two & Three Wheelers, Passenger Vehicles, LCVs, HCVs, and others. The two & Three Wheelers segment is estimated as the dominating segment, owing to the increasing demand for two-wheelers in developing countries. In addition, Two-wheelers are adopting new technology to reduce weight and improve durability, which is a key factor driving the development of lightweight shock absorbers.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Automotive Shock Absorber market report 2024 Edition by contacting our team.
The market is divided into two categories: OEM and Aftermarket, depending on the sales channel. Since millions of new vehicles are fitted with shock absorbers each year, OEMs are in high demand for them. Although the replacement market accounts for one-third of total shock absorber sales, OEM demand for shock absorbers is consistent and stable.
Research Analyst at Cognitive Market Research
I am a research analyst working in the Transport & Logistics domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.
I am a research analyst working in various domains including the Consumer Goods domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.
I am committed to continuous learning and staying abreast of emerging trends in research methodologies. Regular participation in workshops, webinars, and industry conferences ensures that my skills remain sharp and relevant. I spearheaded research initiatives focused on market trends, customer behavior, and competitive landscapes. I have a demonstrated ability to transform complex data sets into clear and concise narratives that inform key business strategies. Collaborating with cross-functional teams, I played a pivotal role in shaping successful projects that hinged on robust research and analysis.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Automotive Shock Absorber Market is witnessing significant growth in the near future.
In 2023, the Regenerative Shock Absorber segment accounted for noticeable share of global Automotive Shock Absorber Market and is projected to experience significant growth in the near future.
The Passenger Vehicles segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies SACHS (ZF), Monroe (Tenneco) and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Disclaimer:
Product Type | Regenerative Shock Absorber, Conventional Shock Absorber |
Vehicle Type | Passenger Vehicles, LCVs, HCVs, Two & Three Wheelers, Others |
Mechanism | Hydraulic, Gas-Filled |
Technology | Active, Passive |
Sales Channel | OEM, Aftermarket |
List of Competitors | SACHS (ZF), KONI, Monroe (Tenneco), Roberto Nuti SpA, TRW Aftermarket, Gabriel, Febi bilstein, WABCO, Roadlink International, Meritor, Bilstein, FOX, ALKO, MANDO, Jiangsu Huatong Shock Absorber |
This chapter will help you gain GLOBAL Market Analysis of Automotive Shock Absorber. Further deep in this chapter, you will be able to review Global Automotive Shock Absorber Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
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Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America Automotive Shock Absorber Market Trends North America Automotive Shock Absorber Technological Road Map North America Automotive Shock Absorber Market Drivers North America Automotive Shock Absorber Market Restraints North America Automotive Shock Absorber Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
You can purchase only the Executive Summary North America Market (2019 vs 2024 vs 2031)
Chapter 3 Europe Market Analysis
You can purchase only the Executive Summary Europe Market (2019 vs 2024 vs 2031)
Chapter 4 Asia-Pacific Market Analysis
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Chapter 5 South America Market Analysis
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Chapter 6 Middle East and Africa Market Analysis
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Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Product Type Analysis 2019 -2031, will provide market size split by Product Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Product Type Analysis 2019 -2031
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Chapter 11 Market Split by Vehicle Type Analysis 2019 -2031
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Chapter 12 Market Split by Mechanism Analysis 2019 -2031
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Chapter 13 Market Split by Technology Analysis 2019 -2031
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Chapter 14 Market Split by Sales Channel Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Automotive Shock Absorber market
Chapter 15 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Regenerative Shock Absorber have a significant impact on Automotive Shock Absorber market? |
What are the key factors affecting the Regenerative Shock Absorber and Conventional Shock Absorber of Automotive Shock Absorber Market? |
What is the CAGR/Growth Rate of Passenger Vehicles during the forecast period? |
By type, which segment accounted for largest share of the global Automotive Shock Absorber Market? |
Which region is expected to dominate the global Automotive Shock Absorber Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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