Automotive Shock Absorber Market To Grow At Exponential Growth Rate From 2019 To 2023 - By Key Players, Size, Trends, Share, Growth, And Region

Automotive Shock Absorber Market 2019 Global Industry Forecast to 2023 is latest Global Automotive Shock Absorber Industry research report published by "Market Research Future". Automotive Shock Absorber Market Size is poised to grow at 5.12% compound annual growth rate and reach remarkable value by 2023 globally. For depth analysis, Global Automotive Shock Absorber Market is segmented by Type (Air Shock Absorber, Damper Shock Absorber, and Others), Vehicle Type (Passenger car and Commercial Vehicle), Sales Channel (OEM and Aftermarket), and region.

Global Automotive Shock Absorber Industry 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 in order 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 are 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.

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The key players in global automotive shock absorber market 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.

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 in order 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.

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 or 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 crossovers and SUV in passenger car segment because of their improved fuel efficiency.  

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.

Table Of Contents:

1 Executive Summary

2 Research Methodology

2.1 Scope Of The Stud

2.1.1 Definition

2.1.2 Research Objective

2.1.3 Assumptions

2.1.4 Limitations

2.2 Research Process

2.2.1 Primary Research

2.2.2 Secondary Research

2.3 Automotive Shock Absorber Industry Size Estimation

2.4 Forecast Model

3 Automotive Shock Absorber market Dynamics

3.1 Automotive Shock Absorber market Drivers

3.2 Market Inhibitors

3.3 Supply/Value Chain Analysis

3.4 Porter's Five Forces Analysis

4.1 Introduction

4.2 Forward Collision Warning

4.3 Dynamic Brake Support

4.4 Crash Imminent Braking

Continued...

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