openPR Logo
Press release

Automotive Shock Absorber Industry in China | Estimated 180 Million Shock Sbsorbers required by 2022 in Chinese Aftermarket

05-29-2018 05:44 PM CET | Tourism, Cars, Traffic

Press release from: Research By Markets

China Automotive Shock Absorber Industry Report, 2018-2022

China Automotive Shock Absorber Industry Report, 2018-2022

"China Automotive Shock Absorber Industry Report, 2018-2022"

Shock absorber, an essential part of automotive suspension system, can absorb body vibration and make driving more smooth and comfortable. The Chinese market demand for automotive shock absorber reached 225 million units in 2017, a year-on-year rise of 7.2%, and is expected to hit 318 million units in 2022 thanks to rapid expansion of the automobile (NEV in particular) market.

Request for Sample Pages of this Report:
https://www.researchbymarkets.com/sample-request/16742

OEM market: the demand for automotive shock absorber has much bearing on China’s automobile output. The country’s car production rose by 3.2% from a year ago to 29.02 million units in 2017 and is expected to reach 34.55 million units in 2022, boosting the demand for automotive shock absorber from 116 million units in 2017 to 138 million units in 2022, presenting a CAGR of 3.6%.

After-sales maintenance market: massive car ownership creates a large after-sales market. An estimated 180 million shock absorbers will be needed in the Chinese automotive aftermarket in 2022.

Enterprise landscape: the key players in the Chinese shock absorber market include sole proprietorships or joint ventures of world-renowned shock absorber firms (ZF, Tenneco, KYB, Mando, SHOWA, ThyssenKrupp, etc.) and local Chinese peers (Nanyang Xijian Auto Shock Absorber, ADD Industry (Zhejiang), Chengdu Jiuding Science & Tech. and BeijingWest Industries, etc.).

Browse detailed TOC and List of Tables & Figures:
https://www.researchbymarkets.com/report/china-automotive-shock-absorber-industry-report-2018-2022-16742.html

Attracted by China’s enormous AM demand, global and local Chinese shock absorber producers have quickened their presence in shock absorber market. The Tenneco’s new shock absorber project in Changzhou city, which began construction in Sept 2017, will be built at the end of 2018, adding 18 million units/a.

BeijingWest Industries, a joint venture of Shougang Group, has kept expanding its capacity worldwide since the acquisition of automotive suspension system business of US auto parts supplier- Delphi in 2009 and now is capable of producing 15.50 million shock absorbers annually. The company put its 4 million units/a new plant in Czech Republic into production in June 2017 and then began construction of a new plant in Indiana, U.S. which is expected to reach designed capacity (4 million units/a) in 2020.

Technically, there is an ever higher demanding on intelligence and comfort of shock absorber system. Adaptive adjustable shock absorber, compound shock absorber, intelligent shock absorber and electromagnetic-current shock absorber represent main development directions. Meanwhile, as the car becomes more lightweight, the lighter, smaller and higher-performance semi-active & active shock absorber systems will prevail.

Make specific inquiries regarding this report:
https://www.researchbymarkets.com/inquiry/16742

China Automotive Shock Absorber Industry Report, 2018-2022 focuses on the followings:
- Policies on shock absorber and technical trends;
- Development and trends of global automobile market and Chinese passenger car, commercial vehicle and new energy vehicle (NEV) market;
- Chinese automotive shock absorber market (demand, OEM market, AM market, enterprise landscape, development trend, etc.);
- 18 Global and Chinese shock absorber manufacturers (operation, development strategy, etc.).

Contact:
ResearchByMarkets
Ms. Lia Seth | Client Relations Manager
enquiry@researchbymarkets.com

About Us:

Research By Markets is an online Market Research Report Repository.

Our repository contains reports segmented by Geography and Industry. We cover all major Industry Verticals - Information Technology, Semiconductor, Electronics, Manufacturing, Food & Beverages, Telecommunications, Healthcare, Pharmaceutical, Automotive, BioTechnology, Energy & Power, Banking and many more.

https://www.researchbymarkets.com/aboutus

Research By Markets
E-3, Ganga Homes,
Behind Bank Of India,
Viman Nagar,
Pune 411 014.
Maharashtra, India

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Automotive Shock Absorber Industry in China | Estimated 180 Million Shock Sbsorbers required by 2022 in Chinese Aftermarket here

News-ID: 1065151 • Views: 965

More Releases from Research By Markets

V2X (Vehicle-to-Everything) Communications Ecosystem expected to grow at a CAGR …
Commonly referred to as V2X, vehicle-to-everything communications technology allows vehicles to directly communicate with each other, roadside infrastructure, and other road users to deliver an array of benefits in the form of road safety, traffic efficiency, smart mobility, environmental sustainability, and driver convenience. In addition, V2X is also helping pave the way for fully autonomous driving through its unique non line-of-sight sensing capability which allows vehicles to detect potential hazards,
Research By Markets - Trusted By Market Leaders
Research By Markets is a Market Research Reports Online Repository. We have a huge database of syndicated market research reports that are segmented by Industry Verticals mainly - Telecommunication, Semiconductor, Electronics, Information Technology, Automotive, Healthcare, Pharmaceutical, Medical Devices, Biotechnology, Energy, Power, Aerospace, Defense, Consumer Goods, Construction, Equipment and many more. Our clientele includes Fortune listed companies who trust us to help them with their market intelligence requirements. Research By Markets being a
Global Veterinary Services Market: Size, Trends and Forecasts (2018-2022) - Rese …
The report titled "Global Veterinary Services Market: Size, Trends and Forecasts (2018-2022)", provides an in depth analysis of the global veterinary services market by value, by segments, by services, by region, etc. The report also provides a regional analysis of the veterinary services market, including the following regions: North America, Europe, Asia Pacific, Latin America and MEA. The report also assesses the key opportunities in the market and outlines the factors
Pancreatic and Bile Duct Cancer Drug Development Pipeline Review, 2018 - Researc …
Pancreatic and Bile Duct Cancer Drug Development Pipeline Review, 2018 Summary This report provides an overview of the pipeline landscape for pancreatic and bile duct cancer. It provides comprehensive information on the therapeutics under development and key players involved in therapeutic development for pancreatic and bile duct cancer, and features dormant and discontinued products. Pancreatic cancer is a disease in which malignant (cancer) cells are found in the tissues of the pancreas, a

All 5 Releases


More Releases for Industry

Hydro Lubricants Market Size, Analysis, and Forecast Report 2018 to 2026(By Indu …
The rising demand for hydro lubricants from manufacturing sector is also multiplying at a faster rate, on the back of their competency in upgrading the service-life of machinery. The hydro lubricants market is primarily driven on account of its low-friction attributes, which makes it highly likely to outshine the synthetic variants. Moreover, the demand for hydro lubricants for machinery assemblies is on the rise, as they facilitate in minimizing
Hydro Lubricants Market Insights, Trends & Future Development Status Recorded du …
The rising demand for hydro lubricants from manufacturing sector is also multiplying at a faster rate, on the back of their competency in upgrading the service-life of machinery. The hydro lubricants market is primarily driven on account of its low-friction attributes, which makes it highly likely to outshine the synthetic variants. Moreover, the demand for hydro lubricants for machinery assemblies is on the rise, as they facilitate in minimizing
Global Pyrite Market 2019 | Applications: Jewelry Industry, Sulfur Compounds Ind …
The major factor driving the pyrite market is the rising demand of jewelry and sulfur compounds market. This report researches the worldwide Pyrite market size (value, capacity, production, and consumption) in key regions like North America, Europe, Asia Pacific (China, Japan) and other regions. This study categorizes the global Pyrite breakdown data by manufacturers, region, type, and application, also analyzes the market status, market share, growth rate, future trends, market
Big Bag Connection System Market Segmented By technology Automatic, Semi-Automat …
Global Big Bag Connection System Market: An Overview The key advancement in automation encourages manufacturers to adopt smart systems to increase productivity and to facilitate timely production. Owing to the perception of consumers as well as manufacturers regarding health and hygiene of product, the big bag connection system market is anticipated to propel during the forecast period. Big bag connection system ensure dust -free docking of big bags and provide flexibility
Global Nutraceuticals Market By Application | Food Industry, Ink Industry, Medic …
Researchmoz added Most up-to-date research on "Global Nutraceuticals Market By Application | Food Industry, Ink Industry, Medicine Industry, Electronic Industry and Paint Industry" to its huge collection of research reports. This report studies Nutraceuticals in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2012 to 2016, and forecast to 2022. This report focuses on top manufacturers
Europe Plastic Pallet Market Size, Shares, Forecast Report 2016 : Food Industry, …
This report studies sales (consumption) of Plastic Pallet in Europe market, especially in Germany, UK, France, Russia, Italy, Benelux and Spain, focuses on top players in these countries, with sales, price, revenue and market share for each player in these Countries, covering ShangHai Pallet Plastic Industry Co., Ltd. Shanghai Lika Plastic Manufacturing Co., Ltd. Guangzhou Plastic Industrial Corporation Ltd Shandong Liyang Plastic Molding Co.,Ltd Xinding Plastic ZheJiang Primacy Plastic Industry Co., Ltd Shanghai Qinghao Plastic Pallet Manufacture