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Automotive Gas Charged Shock Absorbers Market Future Growth, Trend, Analysis and Future Scope 2018-2027|Showa Corporation,KYB Corporation,thyssenkrupp AG,ITT Corporation,Arnott ,ZF Friedrichshafen ,KONI,Duro Shox ,Tenneco,Meritor
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Adoption of Unique Strategies Intensifying Market Competition
The robust competition in automotive gas charged shock absorbers market is propelling automotive gas charged shock absorbers’ manufacturers to implement unique growth strategies to gain a competitive edge in automotive gas charged shock absorbers market. To capitalize on this progressive demand for automotive gas charged shock absorbers, the leading players in automotive gas charged shock absorbers market are increasingly considering novel product launches, mergers and acquisitions, and are diversifying their businesses to achieve a pole position in automotive gas charged shock absorbers marketplace.
With such initiatives and efforts increasingly being taken by automotive gas charged shock absorbers’ manufacturers, the automotive gas charged shock absorbers market is set to witness tremendous changes, while creating lucrative growth opportunities at the same time.
In recent past, the automotive gas charged shock absorbers market has observed notable developments from a competition perspective. Manufacturers are increasingly focusing on growing their presence in the aftermarket of South East Asian Countries due to the prolific opportunities available there.
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Some of the notable developments in automotive gas charged shock absorbers market include:
A leading player in automotive gas charged shock absorbers market, Motherson Sumi Systems (MSSL), flagship firm of Samvardhana Motherson Group (SMG) has acquired Reydel Automotive Group (Reydel), an interior components and modules manufacturer for USD 201 million. As per the SMG group the acquisition through its step down subsidiary SMRP BV will reinforce the group’s position in the automotive interiors space.
Another leading player in automotive gas charged shock absorbers market, ZF Friedrichshafen AG has opened a novel testing center for drive technologies. The new center will offer expanded capacities for testing hybrid, combustion and electric engine drives in Friedrichshafen.
In 2018, a leading supplier of replacement parts, Tenneco Inc., introduced CVSA2 suspension technology for Mercedes-Benz G-Class SUVs with an aim to grow its foothold in the SUV vehicle segment.
Detailed profiling of other leading manufacturers operating in automotive gas charged shock absorbers market has also been included in worldwide automotive gas charged shock absorbers market report. Key players operating in automotive gas charged shock absorbers market include Hitachi Automotive Systems Ltd., Samvardhana Motherson Group (SMG), ZF Friedrichshafen AG, ITT Corporation, Showa Corporation, Thyssenkrupp AG, Magneti Marelli S.p.A., Arnott Inc., KONI, Tenneco Inc., ACDelco Inc., Gabriel India Limited, Meritor, Inc., Duro Shox Pvt Ltd, Zhejiang Sensen Auto Parts Co., Ltd. and KYB Corporation.
Widespread Adoption of Mono Automotive Gas Charged Shock Absorbers in Two Wheelers
The mono tube variant of automotive gas charged shock absorbers is increasingly witnessing immense adoption in two wheelers as compared to twin automotive gas charged shock absorbers. The growing demand for mono automotive gas charged shock absorbers can be attributed to its ability to cater to the consumer demand for better stability at high speeds. Moreover, mono automotive gas charged shock absorbers make smooth two wheeler rides possible even on bad roads, which is bringing traction to the automotive gas charged shock absorbers market.
Burgeoning Demand from Passenger Cars Creating Significant Opportunities
The proliferating demand for protection of crucial vehicular components from early tear and failure coupled with requirement for optimal on-road performance have been propelling automotive manufacturers to deploy damping control technology. With manufacturers inducing such technology in vehicles, the need for automotive gas charged shock absorbers is set to grow. Passenger cars are witnessing immense reception of twin tube automotive gas charged shock absorbers due to the growing driver preference for extraordinary comfort level and driving experience. This growing uptake passenger cars is likely to drive growth in automotive gas charged shock absorbers market.
Technologically Advanced Electronic and Monotube Variants Replacing Conventional Shock Absorbers
Monotube shock absorbers are witnessing huge preference over twin-tube design due to its design that prevents cavitation and aeration from occurring. They have even gained prominence as a viable option for SUV rear axles, sports car applications, and luxury sedans. This is because monotube shock absorbers offer faster damping reaction and propel responses to rapidly altering road conditions due to the constant pressure that gas exerts on the oil. Further, such properties also provide impressive road holding capability and steering control, thereby underpinning sales of monotube shock absorbers. Though the exterior outlook and dimensions of monotube shock absorbers are just like twin-tube shock absorbers, they exhibit a broader pressure area due to more oil space and bigger piston, leading to an efficient heat dissipation.
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Aftermarket Sales Accelerating Automotive Gas Charged Shock Absorbers Market Growth
The durability of automotive gas charged shock absorbers relies primarily on road conditions and driving method. Furthermore, regular care of vehicle is utmost, especially due to the widespread prevalence of bad road conditions in several parts of the world, which is driving the need for changing gas charged shock absorbers on regular basis. As a result the demand for aftermarket sales is set to roar in automotive gas charged shock absorbers market.
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