Automotive Shock Absorber Market Development Status, Top Manufacturers And Forecast 2029

6.9.2023: Automotive Shock Absorber Market revenue is expected to grow at a CAGR of 7.2% through 2022 to 2029, reaching nearly USD 17.23 Bn.

Automotive Shock Absorber Market Report Scope and Research Methodology

Report Scope:

The Global Automotive Shock Absorber Market report provides an in-depth analysis of the market's dynamics, key drivers, restraints, and regional insights. It covers the following key aspects:

Research Methodology: Our report employs a comprehensive research methodology to provide valuable insights into the Automotive Shock Absorber Market. Detailed information can be obtained by requesting a free sample report.

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What are Automotive Shock Absorber Market Dynamics?

Market Drivers:

Technological Advancements: Leading manufacturers are adopting revolutionary production technologies to ensure high-quality shock absorbers, meeting the demands of electric vehicles and modern automobiles.

Urbanization and Commuting: Increasing urbanization, the growth of smart cities, and longer daily commutes are driving the demand for new vehicles, indirectly boosting the automotive shock absorbers industry.

Vehicle Production Growth: As the global vehicle production surges, the demand for automotive shock absorbers follows suit. The incorporation of cutting-edge technology, including regenerative shock absorbers in electric vehicles, is a significant growth driver.

Ride Quality and Safety: Rising consumer expectations for improved ride quality and vehicle safety contribute to market growth. Many manufacturers recommend shock absorber replacement every 50,000 miles.

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Automotive Shock Absorber Market Segmentation?

The market is divided into Passenger Cars, LCVs, HCVs, and Two Wheelers based on the kind of vehicle. By 2029, the two-wheeler segment is anticipated to have the biggest market share. The greater attention being paid to electric and hybrid vehicles is anticipated to be beneficial to manufacturers. Companies including KYB Corporation, Tenneco Inc., ZF Friedrichshafen AG, and Hitachi Automotive Systems offer automotive shock absorbers for a range of vehicle types and designs. Sales and manufacturing of two-wheelers are anticipated to have a direct impact on demand for two-wheeler shock absorbers from 2023 to 2029. One of the main factors influencing the development of light weight shock absorbers is the use of new technologies by two-wheelers to reduce weight and increase durability.

The market is divided into Twin Tube Design and Mono-Tube Design based on design. Twin tube and mono tube designs are frequently used in shock absorbers. Two cylinders with oil running between them make up twin tube shocks, which create a dampening force. Oil is only present in one cylinder of mono tube twin shocks, which is divided from the other by a piston valve. Twin tube shocks don't offer as good of a ride quality as mono tube shocks, which have a higher dampening capacity. However, many manufacturers chose twin tube shocks since mono tube shocks are more expensive.

Sales Channel: OEMs and the Aftermarket constitute the sales channels, with OEMs projected to grow rapidly, as millions of new vehicles are equipped with shock absorbers each year.

Who are Automotive Shock Absorber Market Key Players?

• Brinn Inc.
• BWI Group
• Continental AG
• Datsons Engineering Works Pvt. Ltd.
• DMA Sales, Inc.
• Duroshox
• Endurance Technologies Limited
• FCS Auto
• Halla Holdings Corp.
• Hitachi Automotive Systems, Ltd.
• Kobe Suspensions
• KYB
• LEACREE Company
• Magneti Marelli S.p.A.
• QBAutomotive
• Ride Control, LLC
• Robert Bosch GmbH
• Samavardhana Motherson Group

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Regional Insights:

North America: Expected to dominate the market during 2023-2029, with the United States being a major automotive marketplace and a lucrative pocket for manufacturers.

Europe: Anticipated to grow rapidly, especially in Germany, due to the presence of OEMs, aftermarket suppliers, and technological advancements in vehicle suspensions.

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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