Global Automotive Shock Absorber Market analyzed by Type (Air Shock Absorber, Damper Shock Absorber, and Others), Vehicle Type (Passenger car and Commercial Vehicle), Sales Channel (OEM and Aftermarket), and region.
Shock Absorber Market Key Company Analyzed In Report Are:
Meritor, Inc. (U.S.), ZF Friedrichshafen AG (Germany), Delphi Automotive Plc. (U.K.), Gabriel India Ltd. (India), Hitachi, Ltd. (Japan), KYB Europe G.M.B.H (Germany), SHOWA Corporation (Japan), Tenneco Inc. (U.S.), Koni BV (Netherlands), Thyssenkrupp Bilstein Gmbh (Germany) and others.
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Shock Absorber Global Market Highlights:
The current trend in automotive industry is going toward automation. Shock absorber are the integral part of the suspension system. The main purpose of the shock absorber is to absorb the energy to provide comfort ride for the passengers. It is a mechanical device that is used to absorb the impulses created by the shock. The shock absorber is mainly used to reduce the jerk in order to improve the comfort ride for the passenger. They convert the kinetic energy in to the heat form which is then dissipated. They are not only used in automotive but also in aircraft in landing gears. In automotive industry, shock absorber mainly comprises of damper shock absorber and air shock absorber. Air shock absorber are extensively used in the vehicles due to higher sustainability and better comfort provided to the passengers.
One of the factors which drives the growth of the automotive shock absorber market is growing demand and increase in the production of vehicles. The growing demand of the production of vehicle has been seen an increase from past years due to increase in demand in countries such as India and China. This increase in the product of the vehicle have led to growing use of Shock Absorber in the vehicle. This increase in usage will drive the Shock Absorber market during the forecast period. The other factors that are responsible for the growth of Shock Absorber market are advancement in the automotive technology and improve ride comfort for the passengers. The advancement in automotive industry have led the automotive manufacturers to innovate their products to sustain the market. This innovation in technology have led to the growth of the market during the forecast period. The increase concern for the comfort among the passenger have led to growing use of shock absorber in the vehicles. This growing demand of shock absorber will drive the shock absorber market during the forecast period.
OEM is expected to dominate the automotive shock absorber market during the forecast period they are trying to reduce the weight of shock absorbers to improve the efficiency of the vehicles. The improve in the efficiency of the vehicle will result in growing demand for light weight shock absorber in the market. OEMs are trying to increase the penetration in the merging nation such as India, China, and Japan. The increase in the penetration by the OEMs will result in the growth of the automotive shock absorber market during the forecast period.
There are various innovation done in the automotive shock absorber such as active suspension system that provides perfect ride on any type of roads. Mercedes-Benz has developed ABC (Active Body Control) system to reduce power consumption and cost of the manufacturing.
Shock Absorber Regional Market Analysis:
Asia Pacific region is expected to dominate the automotive shock absorber industry due to the increase in the production of vehicles in this region. The emerging countries such as India, China, Japan, and others are having automotive manufacturing hub due to which there is growth in the production of vehicles. The shock absorber helps to reduce the effect of traveling on rough terrain roads which improves the quality of ride and increases the comfort for the passenger. This growing demand for comfort ride is expected to drive the automotive shock absorber in this region.
The report for Global Automotive Shock Absorber Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Shock Absorber Market By Segmentation:
The global Automotive Shock Absorber market is segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Type: Comprises Air Shock Absorber, Damper Shock Absorber, and Others.
Segmentation by Vehicle Type: Comprises Passenger car and Commercial Vehicle.
Segmentation by Sales Channel: Comprises OEM and Aftermarket.
Segmentation by Regions: Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
List of Tables:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.2 Research Objective
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
List of Figures:
FIGURE 1 Research Process Of MRFR
FIGURE 2 Top Down & Bottom Up Approach
FIGURE 3 Market Dynamics
FIGURE 4 Impact Analysis: Market Drivers
FIGURE 5 Impact Analysis: Market Restraints
FIGURE 6 Porter’s Five Forces Analysis
FIGURE 7 Value Chain Analysis
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