Automotive Shock Absorbers Market Report 2023 (Global Edition)

Global Automotive Shock Absorbers Market Report 2023 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 Absorbers Industry growth. Automotive Shock Absorbers market has been segmented with the help of its Product Type, Vehicle Type Mechanism, and others. Automotive Shock Absorbers 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.

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Global Automotive Shock Absorber Market Segmentation
Global Automotive Shock Absorber Market by type segment analysis

• Regenerative Shock Absorber
• Conventional Shock Absorber

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 Absorbers Industry. Request a Free Sample PDF!

Based on vehicle type, the Two & Three Wheelers segment is dominating the automotive shock absorber market.

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.

• Passenger Vehicles
• LCVs
• HCVs
• Two & Three Wheelers
• Others
   

The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Automotive Shock Absorbers market report 2023 Edition by contacting our team.

Automotive Shock Absorbers Mechanism Segment Analysis

• Hydraulic
• Gas-Filled
• By Technology
• Active
• Passive

Automotive Shock Absorbers Technology Segment Analysis

• Active
• Passive

Automotive Shock Absorbers Sales Channel Segment Analysis

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.
 

• OEM
• Aftermarket

Which region is dominating the global automotive shock absorber market?

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.
 

Region-wise, the market is analyzed across: (In case you wish to acquire a specific region or any country data then please contact us)

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!

Top Companies in Automotive Shock Absorbers Market

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 (%) (2018- 2022), 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 Absorbers Industry: (In no particular order of Rank)

• ACDelco
• Arnott Industries
• Duro Shox Pvt. Ltd
• Gabriel India Ltd
• Hitachi Automotive Systems Ltd
• ITT Corporation
• KYB Corporation
• Marelli (Magneti Marelli CK Holdings Co. Ltd.)
• Meritor Inc
• Samvardhana Motherson Group
• Showa Corporation
• Tenneco Inc
• ThyssenKrupp AG
• ZF Friedrichshafen AG
• Zhejiang Sensen Auto Parts Co. Ltd
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