Jan 15, 2021   SOURCE: BusinessWire

Global $15 Billion Automotive Shock Absorber Market Outlook to 2027 - ResearchAndMarkets.com

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 Preface

2.1 Abstract

2.2 Stake Holders

2.3 Research Scope

2.4 Research Methodology

2.5 Research Sources

3 Market Trend Analysis

3.1 Introduction

3.2 Drivers

3.3 Restraints

3.4 Opportunities

3.5 Threats

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

5.1 Introduction

5.2 Heavy Commercial Vehicles (HCV)

5.3 Light Commercial Vehicles (LCV)

5.4 Medium Commercial Vehicles

5.5 Passenger Car

5.5.1 Mid-Size

5.5.2 Compact

5.5.3 Sport Utility Vehicle (SUV)

5.5.4 Luxury

5.5.5 Sports Car

5.5.6 Minicompact

5.5.7 Executive

5.5.8 Supermini

5.5.9 Multi-purpose Vehicle (MPV)

5.6 Two Wheelers

6 Global Automotive Shock Absorber Market, By Type

6.1 Introduction

6.2 Damper Shock Absorber

6.3 Air Shock Absorber

7 Global Automotive Shock Absorber Market, By Sales Channel

7.1 Introduction

7.2 Original Equipment Manufacturer (OEM)

7.3 Aftermarket

8 Global Automotive Shock Absorber Market, By Product

8.1 Introduction

8.2 Gas-filled Type Automotive Shock Absorbers

8.3 Hydraulic Type Automotive Shock Absorbers

9 Global Automotive Shock Absorber Market, By Application

9.1 Introduction

9.2 Auto Production

9.3 Machine Tools

9.4 Industrial Automation

10 Global Automotive Shock Absorber Market, By Design

10.1 Introduction

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

11.1 Introduction

11.2 North America

11.2.1 US

11.2.2 Canada

11.2.3 Mexico

11.3 Europe

11.3.1 Germany

11.3.2 UK

11.3.3 Italy

11.3.4 France

11.3.5 Spain

11.3.6 Rest of Europe

11.4 Asia Pacific

11.4.1 Japan

11.4.2 China

11.4.3 India

11.4.4 Australia

11.4.5 New Zealand

11.4.6 South Korea

11.4.7 Rest of Asia Pacific

11.5 South America

11.5.1 Argentina

11.5.2 Brazil

11.5.3 Chile

11.5.4 Rest of South America

11.6 Middle East & Africa

11.6.1 Saudi Arabia

11.6.2 UAE

11.6.3 Qatar

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

12.4 Expansions

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

13.8 Delphi

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