Automotive Shock Absorber Market: 2018 Global Share, Size, Growth Factors, Key Players - Meritor, ZF Friedrichshafen, Delphi, Gabriel, Hitachi, KYB, SHOWA Analysis To 2023

April. 5, 2018 (NEWS) - Automotive Shock Absorber Market Research Report 2018 Automotive Shock Absorber Market by Type (Air Shock Absorber, Damper Shock Absorbers, and Others), Vehicle Type (Passenger Car and Commercial Vehicle), Sales Channel OEM and Aftermarket), and by Region (North America, Asia-Pacific, Europe and Rest of the World). The global market of automotive shock absorber market wants to grow at a rapid pace over the forecast period. The automotive Shock Absorber market is expected to grow at CAGR of around 5.12% during the period 2017 to 2023.

The factors that are responsible for the growth of automotive shock absorbers are increasing in the automotive industry, increasing in the production of vehicles in emerging countries such as China, India, and Japan advancement in technology. The increase in the production of vehicle will result in higher use of shock absorbers to improve ride comfort. This increase in the usage of shock absorbers, will result in the growth of the market during the forecast period. In current scenario, manufacturers are moving toward advancement in the technology as well as to compete in the automotive market. The advancement in technology wants to improve the overall suspension system. Manufacturers are thus focusing on improving the ride comfort of the passenger. All the above factors are responsible for the growth of automotive shock absorber market during the forecast period.

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Automotive Shock Absorber Market Companies Analyzed in report:

Meritor, Inc. (US), ZF Friedrichshafen AG (Germany), Delphi Automotive Plc. (UK), Gabriel India Ltd. (India), Hitachi, Ltd. (Japan), KYB Europe GMBH (Germany), SHOWA Corporation (Japan), Tenneco Inc. (US), Koni BV (Netherlands), Thyssenkrupp Bilstein Gmbh (Germany).

Market Segmentation:

The automotive shock absorber market is segmented based on type, vehicle type, sales channel, and region. On the basis of type, the market is segmented as air shock absorber, damper shock absorber, and others. Air shock absorber segment is expected to dominate the market during the forecast period due to higher sustainability. Air shock absorber segment is driven by the electric or electric driven air pump, which gives smooth and improved ride quality to the passengers. On the basis of vehicle type, the market has been segmented as passenger cars and commercial vehicles. The passenger car segment is expected to dominate the market during the forecast period due to increase sales of passenger cars and SUVs. There is growing demand for the crossover and SUV in passenger car segment because of their improved fuel efficiency.

Geographic Analysis:

On the basis of region, the market has been segmented as North America, Asia Pacific, Europe, and Rest of the World. Asia Pacific region is expected to dominate the market during the forecast period due to increase in sales of vehicle in developing countries such as India, China, and Japan. The increase in sales of vehicle wants result in growing demand for the automobile shock absorber in the vehicles. This increase in use will drive the growth of this region during the forecast period. North America is expected to become the second largest market to grow during the forecast period due to higher innovation in shock absorbers by the manufacturers. The higher innovation in the product will result in the higher demand for shock absorbers in this region. Europe and Middle East & Africa is thus expected to grow at a steady rate during the forecast period

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Target Audience of Report:

This report focuses on Automotive Shock Absorber market Manufacturers, Distributors & Suppliers companies, and end Users. Investment bankers and consultants with end user for automotive shock absorber market also analyzed. And finally Government and Independent Regulatory Authorities involved with Global Automotive Shock Absorber market studied.

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