Press release
Automotive Shock Absorber Market Growth Drivers, Strategic Analysis, Market Share, Key Trends And Forecast To 2033
Automotive Shock Absorber Market Analysis
The Business Research Company offers in-depth market insights through Automotive Shock Absorber Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The automotive shock absorber market size has grown strongly in recent years. It will grow from $14.06 billion in 2023 to $14.94 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to vehicle safety regulations, increasing vehicle ownership, rising demand for comfortable rides, off-road and performance vehicles, urbanization and infrastructure development.
The automotive shock absorber market size is expected to see strong growth in the next few years. It will grow to $18.46 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to rise in electric and autonomous vehicles, adaptive and smart suspension systems, global urbanization trends, increased focus on vehicle customization, environmental sustainability concerns. Major trends in the forecast period include collaborations for research and development, technological advancements in suspension systems, advanced materials and coatings, personalized driving modes, energy harvesting shock absorbers.
Get Free Sample Of This Report-
https://www.thebusinessresearchcompany.com/sample.aspx?id=12460&type=smp
Market Segmentation:
The automotive shock absorber market covered in this report is segmented -
1) By Type: Single-Tube Shock Absorbers, Twin-Tube Shock Absorbers
2) By Product Type: Hydraulic Type, Gas-Filled Type
3) By Technology: Air Shock Absorber, Damping Shock Absorber, Active, Semi-Active
4) By Sales Channel: Original Equipment Manufacturer (OEM), Aftermarket
5) By Application: Passenger Car, SUV Truck, Heavy Vehicle, Electric vehicle, Other Applications
Major Driver - Rising Automobile Demand Fuels Surge In Automotive Shock Absorber Market
The demand for automobiles is expected to propel the growth of the automotive shock absorber market going forward. Automobiles, commonly known as cars or vehicles, are self-propelled wheeled vehicles designed for road transportation. Automobiles use shock absorbers to control the suspension movement and maintain contact between the tires and the road surface. For instance, in March 2022, according to the European Automobile Manufacturers' Association (ACEA), the lobbying and standards group for the automobile industry, the sales of passenger cars in the US increased by 5.5% from 2020 to 11.9 million units in 2021. Further, around 6.3 million passenger cars were produced in US auto facilities in 2021. Therefore, the demand for automobiles is driving the growth of the automotive shock absorber market.
Competitive Landscape:
Major companies operating in the automotive shock absorber market report are ZF Friedrichshafen AG, Magna International Inc., Tenneco Inc., Marelli Europe S.p.A.,Benteler Automotive Corporation, Mando Corporation, Sumitomo Riko Company Limited, KYB Corporation, Hitachi Astemo Ltd., Continental AG, Moog Inc., Meritor Inc., Showa Corporation, FOX Factory Holding Corp., Endurance Technologies Limited, BWI Group, DMA Sales Inc., Arnott Industries, Denso Corporation, KONI BV, Datsons Engineering Works Pvt Ltd., Brinn Inc., ACDelco Corporation, H&R Spezialfedern GmbH & Co. KG, FCS Automotive International Inc., Ohlins Racing AB, QBAutomotive LLC, Kobe Suspension Co Pvt Ltd.
Get Access To The Full Market Report -
https://www.thebusinessresearchcompany.com/report/automotive-shock-absorber-global-market-report
Top Trend - Zf Friedrichshafen Ag Revolutionizes Automotive Shock Absorber Assembly With Innovative Tool Kit
Product innovations are a key trend gaining popularity in the automotive shock absorber market. Major companies operating in the automotive shock absorber market are adopting innovative products to sustain their position in the market. For instance, in June 2021, ZF Friedrichshafen AG, a Germany-based provider of auto components for cars, launched an assembly tool kit for automotive shock absorbers. The shock absorber assembly tool kit replaces its assortment of specialized tools. The tool kit complies with the vehicle manufacturer's specifications and allows for installing replacement components with precise Original Equipment (OE) repair instructions. The tool's ergonomic shapes and small construction make it ideal for confined installation environments. These include a dual-mass flywheel testing tool, a clutch disc lateral runout tester, a clutch centering set for trucks, and equipment for replacing the XTend self-adjusting clutch for automobiles and vans.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Automotive Shock Absorber Market Characteristics
3. Automotive Shock Absorber Market Trends And Strategies
4. Automotive Shock Absorber Market - Macro Economic Scenario
5. Automotive Shock Absorber Market Size And Growth
…..
27. Automotive Shock Absorber Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology.
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 Market Growth Drivers, Strategic Analysis, Market Share, Key Trends And Forecast To 2033 here
News-ID: 3431203 • Views: …
More Releases from The Business research company
Growing Food and Beverage Industry Boosting Spout Packaging Market: Strengthenin …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Spout Packaging Market Through 2025?
The spout packaging market has registered strong growth in recent years. It is set to rise from $25.31 billion in 2024 to $27.17 billion in 2025 at a CAGR of 7.4%.
What's the Projected Size of the Global…
Shop Fitting Material Industry Outlook 2025-2029: Market Set to Cross $198.24 Bi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the Shop Fitting Material Market Size By 2025?
The shop fitting material market has grown strongly in recent years. It is set to grow from $147.28 billion in 2024 to $155.6 billion in 2025, at a CAGR of 5.6%. Earlier growth was influenced by rising consumer…
Emerging Trends to Reshape the Pool Loungers Market Growth, Demand 2034
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Pool Loungers Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The pool loungers market has grown strongly in recent years. Its size will expand from $3.47 billion in 2024 to $3.65 billion in 2025, at a CAGR of 5.1%. Earlier growth was fueled by e-commerce…
2025-2034 Packaging Tensioner Market Outlook: Key Drivers, Emerging Challenges, …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Packaging Tensioner Industry Market Size Be by 2025?
The packaging tensioner market has expanded steadily in recent years. It is forecasted to grow from $1.07 billion in 2024 to $1.11 billion in 2025 at a CAGR of 3.8%. Growth in the historic period was supported by…
More Releases for Shock
Global Cabin Shock Absorber Market Size by Application, Type, and Geography: For …
According to Market Research Intellect, the global Cabin Shock Absorber market under the Aerospace and Defense category is expected to register notable growth from 2025 to 2032. Key drivers such as advancing technologies, changing consumer behavior, and evolving market dynamics are poised to shape the trajectory of this market throughout the forecast period.
Driven by increasing need for improved vehicle comfort and safety across automotive and heavy-duty transportation sectors, the cabin…
Cardiogenic Shock Treatment Market - Elevating Survival, Empowering Recovery: In …
Newark, New Castle, USA - new report, titled Cardiogenic Shock Treatment Market The report has been put together using primary and secondary research methodologies, which offer an accurate and precise understanding of the Cardiogenic Shock Treatment market. Analysts have used a top-down and bottom-up approach to evaluate the segments and provide a fair assessment of their impact on the global Cardiogenic Shock Treatment market. The report offers an overview of…
Automotive Shock Absorbers Market: Ensuring Safe, Comfortable, and Smooth Drivin …
Automotive shock absorbers are hydraulic devices that absorb damp shock impulses from vehicles. Increase in production of vehicles and growing vehicle parc are driving demand for automotive shock absorbers across regions. Increased use of advanced shock absorbers such as regenerative shock absorbers is boosting market growth. Demand for hydraulic shock absorbers will continue to remain high over the next ten years, with this type holding more than two-third market share…
Automotive Gas Shock Absorbers Market Forecast to 2028 Covid-19 Impact and Globa …
Automotive Gas Shock Absorbers is a device which dampens and absorbs shock impulses and reduces the effect of terrain on uneven roads. These shock absorbers ensure the driving comfort and safety of the passengers. The automotive gas shock absorber market is expected to grow tremendously due to increase in the sales of commercial and passenger vehicles and also because of the rising concern for safety.
The research report focuses on the…
Automotive Shock Absorbers Market
Automotive Shock Absorbers Market 2021-2027 Research Report provides a detailed analysis of global Automotive Shock Absorbers industry competition, driving forces, trends, opportunities, challenges, risks, sales channels, distributors and analysis of Porter’s five forces. This Automotive Shock Absorbers report examines the market size of Automotive Shock Absorbers Market by the top player, regions, array type, measurement, application, and industry.
Download Sample Copy of this Report @ https://www.marketstatsville.com/request-sample/automotive-shock-absorbers-market
With the clear insight this report…
Extracorporeal Shock Wave Lithotripsy Machine Market Report 2018: Segmentation b …
Global Extracorporeal Shock Wave Lithotripsy Machine market research report provides company profile for Dornier, Richard-Wolf, MTS, DirexGroup, Siemens, EDAP TMS, Storz, Medispec, WIKKON, HYDE, Sody, Haibin, Comermy and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to…
