Press release
Automotive Shock Absorber Market to Reach USD 18.47 Bn by 2030 at 7.2% CAGR
๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐ก๐จ๐๐ค ๐๐๐ฌ๐จ๐ซ๐๐๐ซ ๐๐๐ซ๐ค๐๐ญ
The Automotive Shock Absorber Market is witnessing steady growth, driven by the increasing demand for enhanced vehicle comfort and safety. As consumer preferences shift towards smoother and more stable rides, the need for advanced shock absorbers in both passenger and commercial vehicles is rising. The market is also benefiting from the expansion of the automotive industry in emerging economies, where vehicle production and sales are on the rise. Additionally, the trend towards electric vehicles (EVs) is influencing the development of lightweight and efficient shock absorbers, further propelling market demand.
๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐ก๐จ๐๐ค ๐๐๐ฌ๐จ๐ซ๐๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐๐๐ ๐๐ฌ๐ญ๐ข๐ฆ๐๐ญ๐ข๐จ๐ง:
The automotive shock absorber market was estimated to be worth USD 11.35 billion in 2023, and from 2024 to 2030, it is projected to rise at a compound annual growth rate (CAGR) of 7.2% to reach over USD 18.47 billion.
๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐๐๐๐ข๐ญ๐ข๐จ๐ง๐๐ฅ ๐๐๐ญ๐๐ข๐ฅ๐ฌ ๐๐ฒ ๐๐ฅ๐ข๐๐ค๐ข๐ง๐ ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐๐: https://www.maximizemarketresearch.com/request-sample/55709/
๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐ก๐จ๐๐ค ๐๐๐ฌ๐จ๐ซ๐๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง:
by Vehicle
Passenger Cars
LCVs
HCVs
Two Wheelers
The market is divided into four segments: Passenger Cars, LCVs, HCVs, and Two Wheelers, based on the kind of vehicle. By 2030, the two-wheeler sector is anticipated to have the most market share of %. It is anticipated that the growing emphasis on electric and hybrid vehicles will help manufacturers. Companies including ZF Friedrichshafen AG, Hitachi Automotive Systems, Tenneco Inc., and KYB Corporation offer automotive shock absorbers for a range of vehicle types and designs. Demand for shock absorbers for two-wheelers is anticipated to be directly impacted by two-wheeler sales and production over the forecast period of 2024-2030. Lightweight shock absorbers are being developed in large part because two-wheelers are implementing innovative technologies to decrease weight and increase durability.
by Product Type
Hydraulic Type
Gas-filled Type
by Sales Channel
OEMs
Aftermarket
The market is divided into OEMs and Aftermarket segments based on the sales channel. During the projected period of 2024-2030, the OEMs sales channel sector is anticipated to increase significantly at a CAGR of %. Since millions of new cars are fitted with shock absorbers every year, shock absorbers are in high demand from OEMs. Even though OEM demand and replacement market demand for shock absorbers are steady, they still make up one-third of total shock absorber sales.
by Design
Twin Tube Design
Mono-Tube Design
The market is divided into Twin Tube Design and Mono-Tube Design categories based on design. During the projection period of 2024-2030, the Twin Tube Design and Mono-Tube Design sectors are anticipated to increase at a CAGR of xx% and xx%, respectively. Twin tube and mono tube designs are frequently used in shock absorbers. A damping force is produced by oil flowing between the two cylinders that make up a twin tube shock. A piston valve divides the single oil-filled cylinder in a mono tube twin shock from the other. Compared to twin tube shocks, mono tube shocks offer a superior ride quality and a greater dampening capacity. However, many manufacturers prefer twin tube shocks since they are less expensive than mono tube shocks.
๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐ก๐จ๐๐ค ๐๐๐ฌ๐จ๐ซ๐๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ
The Automotive Shock Absorber Market is poised for significant growth as the demand for improved vehicle performance, safety, and comfort continues to rise. Shock absorbers play a crucial role in ensuring a smooth ride by absorbing and dampening the impact of road irregularities. The market is driven by the expansion of the automotive sector, particularly in emerging markets, and the increasing adoption of electric vehicles, which require advanced shock absorber systems. Additionally, technological advancements and the development of lightweight materials are expected to further boost the market during the forecast period.
๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐๐๐๐ข๐ญ๐ข๐จ๐ง๐๐ฅ ๐๐๐ญ๐๐ข๐ฅ๐ฌ ๐๐ฒ ๐๐ฅ๐ข๐๐ค๐ข๐ง๐ ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐๐: https://www.maximizemarketresearch.com/request-sample/55709/
๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐ก๐จ๐๐ค ๐๐๐ฌ๐จ๐ซ๐๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐จ๐ซ ๐๐๐ฆ๐๐ง๐ ๐ข๐ง ๐ฐ๐ก๐ข๐๐ก ๐ซ๐๐ ๐ข๐จ๐ง๐ฌ?
The research includes in-depth examinations of the Middle East, South America, Europe, Africa, and Asia-Pacific region. Understanding the intricate dynamics of the Automotive Shock Absorber Market is one aspect of regional analysis. A framework of product imports and exports by nations and regions, as well as market sizes and growth rates for Automotive Shock Absorber, are included in the report. An overview of the most current developments in the field from a number of different countries and areas is given in this paper.
๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐ก๐จ๐๐ค ๐๐๐ฌ๐จ๐ซ๐๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐๐จ๐ฉ๐ ๐๐ง๐ ๐๐๐ญ๐ก๐จ๐๐จ๐ฅ๐จ๐ ๐ฒ:
The Automotive Shock Absorber Market covers the global industry focused on the production and sale of shock absorbers, which are essential components in vehicle suspension systems. The market scope includes various types of shock absorbers, such as hydraulic, gas-filled, and electronic, across different vehicle segments like passenger cars, commercial vehicles, and two-wheelers. The methodology for analyzing this market involves evaluating key factors like technological advancements, regulatory standards, and consumer demand, coupled with a detailed assessment of major market players and regional market dynamics. Research typically combines primary data from industry experts and secondary data from industry reports, financial records, and market analysis to provide a comprehensive view of current trends and future growth prospects.
๐ ๐จ๐ซ ๐ ๐๐๐๐ฉ๐๐ซ ๐ฎ๐ง๐๐๐ซ๐ฌ๐ญ๐๐ง๐๐ข๐ง๐ , ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค: https://www.maximizemarketresearch.com/request-sample/55709/
๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐ก๐จ๐๐ค ๐๐๐ฌ๐จ๐ซ๐๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
1. Brinn Inc.
2. BWI Group
3. Continental AG
4. Datsons Engineering Works Pvt. Ltd.
5. DMA Sales, Inc.
6. Duroshox
7. Endurance Technologies Limited
8. FCS Auto
9. Halla Holdings Corp.
10. Hitachi Automotive Systems, Ltd.
11. Kobe Suspensions
12. KYB
13. LEACREE Company
14. Magneti Marelli S.p.A.
15. QBAutomotive
16. Ride Control, LLC
17. Robert Bosch GmbH
18. Samavardhana Motherson Group
๐๐จ ๐๐๐๐๐ฌ๐ฌ ๐ฆ๐จ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ซ๐๐ก๐๐ง๐ฌ๐ข๐ฏ๐ ๐ข๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง, ๐๐ฅ๐ข๐๐ค ๐ก๐๐ซ๐: https://www.maximizemarketresearch.com/market-report/automotive-shock-absorber-market/55709/
๐๐๐ฒ ๐ช๐ฎ๐๐ฌ๐ญ๐ข๐จ๐ง๐ฌ ๐๐ง๐ฌ๐ฐ๐๐ซ๐๐ ๐ข๐ง ๐ญ๐ก๐ ๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐ก๐จ๐๐ค ๐๐๐ฌ๐จ๐ซ๐๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐:
โข What is Automotive Shock Absorber?
โข What is the growth rate of the Automotive Shock Absorber?
โข Which are the factors expected to drive the Automotive Shock Absorber Market growth?
โข What are the different segments of the Automotive Shock Absorber?
โข What growth strategies are the players considering to increase their presence in Automotive Shock Absorber?
โข What are the upcoming industry applications and trends for the Automotive Shock Absorber?
โข What are the recent industry trends that can be implemented to generate additional revenue streams for the Automotive Shock Absorber?
โข What major challenges could the Automotive Shock Absorber face in the future?
โข What segments are covered in the Automotive Shock Absorber?
โข Who are the leading companies and what are their portfolios in Automotive Shock Absorber?
โข What segments are covered in the Automotive Shock Absorber?
โข Who are the key players in the Automotive Shock Absorber Market?
๐๐๐ฅ๐๐ญ๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ:
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๐๐จ๐ง๐ญ๐๐๐ญ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
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๐๐๐จ๐ฎ๐ญ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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