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Automotive Shock Absorber Market Analysis With Key Players, Applications, Trends And Forecast To 2033

Automotive Shock Absorber Market Analysis

Automotive Shock Absorber Market Analysis

The new report published by The Business Research Company, titled Automotive Shock Absorber Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, 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 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%.

Download Free Sample Report @ https://www.thebusinessresearchcompany.com/sample.aspx?id=12460&type=smp

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.

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 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

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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.

Contents of the report:
1. Executive Summary
2. Automotive Shock Absorber Market Report Structure
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

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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

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