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Automotive Shock Absorbers Market Revenue, Insights, Overview, Outlook, Analysis | Valuates Reports
The global Automotive Shock Absorbers market is projected to grow from US$ 11990 million in 2023 to US$ 15260 million by 2029, at a Compound Annual Growth Rate (CAGR) of 4.1% during the forecast period.
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Automotive Shock Absorbers Market Share
A shock absorber or damper is a mechanical or hydraulic device designed to absorb and damp shock impulses. It does this by converting the kinetic energy of the shock into another form of energy which is then dissipated. Most shock absorbers are a form of dashpot.
By region, China's consumption share was the highest in 2019, at more than 27 percent. The leading producers in the industry are ZF, TENNECO and KYB Corporation, accounting for 19.33%, 15.89% and 13.04% of revenues respectively.
In terms of production side, this report researches the Automotive Shock Absorbers production, growth rate, market share by manufacturers and by region (region level and country level), from 2018 to 2023, and forecast to 2029.
In terms of consumption side, this report focuses on the sales of Automotive Shock Absorbers by region (region level and country level), by company, by Type and by Application. from 2018 to 2023 and forecast to 2029.
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By Type
• Single-Tube Shock Absorbers
• Twin-Tube Shock Absorbers
By Application
• Passenger Vehicles
• Medium Commercial Vehicles
• Heavy Duty Commercial Vehicles
• Light Duty Commercial Vehicles
Key Players
SACHS (ZF), KONI, Monroe (Tenneco), Roberto Nuti SpA, Gabriel, Febi bilstein, WABCO, Roadlink International, Meritor, Bilstein, FOX, ALKO, MANDO, Monroe, Rough Country, Skyjacker, KYB, Fox Racing Shox, Prime Choice
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