Press release
Automotive Shock Absorber Market Size Worth US$ 22.54 Billion with 3.4% CAGR by 2034: Fact.MR Report
Automotive Shock Absorber Market
Shock absorbers play a crucial role in a vehicle's suspension system by absorbing and minimizing the impact from road surfaces, ensuring a smooth and controlled ride. Within this market, off-road vehicle shock absorbers represent a specialized segment engineered to withstand the harsh and demanding conditions typical of off-road driving.
For More Insights into the Market, Request a Sample of this Report:
https://www.factmr.com/connectus/sample?flag=S&rep_id=9725
What Do Automotive Shock Absorber Manufacturers Need to Watch Out For?
"High Manufacturing Costs, Technological Complexity, and Reliability Issues"
Manufacturing advanced shock absorbers-especially those with electronic and customizable features-can be expensive. The use of premium materials and state-of-the-art technologies increases production costs, which may hinder market growth, particularly in price-sensitive sectors.
As technology evolves, the design and production processes of shock absorbers become increasingly complex. This complexity can pose challenges in maintaining product consistency and reliability, as well as potential issues with long-term durability.
Country-wise Insights
Sales of automotive shock absorbers in the United States are shaped by changing consumer preferences, economic factors, regulatory frameworks, and technological advancements. In China, the market is experiencing strong growth driven by the annual rise in vehicle numbers and increasing demand in the aftermarket segment.
North America's market for vehicle shock absorbers and related components is expanding rapidly, fueled by rising consumer demand for enhanced comfort and safety features, alongside continuous advancements in sophisticated suspension technologies.
Category-wise Insights
Automotive hydraulic shock absorbers play a vital role in suspension systems, offering a cost-effective solution to improve ride quality and vehicle control. In passenger cars, these shock absorbers are crucial for ensuring a smooth ride, enhancing safety, and maintaining optimal handling.
Shock absorbers for passenger vehicles are key to delivering a safe, comfortable, and enjoyable driving experience. The industry is evolving rapidly alongside technological advancements and changing market dynamics, driven by the emergence of new vehicle types such as electric vehicles (EVs) and autonomous cars, as well as shifting consumer preferences.
Competitive Landscape
The competitive landscape of the automotive shock absorber market is dynamic, featuring a mix of well-established industry leaders and emerging challengers. Market growth is driven by technological innovation, strategic positioning, and the ability to respond effectively to evolving automotive trends and changing consumer preferences.
Notable recent developments include Meritor, Inc. and Cummins Inc. announcing in February 2022 a binding agreement for Cummins to acquire Meritor for approximately US$ 3.7 billion. Additionally, in March 2021, Mando Corp. secured a significant 10-year contract with Volkswagen valued at US$ 1.25 billion to supply 50 million suspension systems for Volkswagen's upcoming electric vehicles and popular models.
Browse Full Report: https://www.factmr.com/report/automotive-shock-absorber-market
Segmentation of Automotive Shock Absorber Market Research
By Vehicle Type:
Commercial Vehicles
Passenger Vehicles
By Fuel:
Hydraulic
Gas Filled
By Technology:
Passive
Semi-active
Active
By Design:
Twin Tube
Mono Tube
By Sales Channel:
OEMs
Aftermarket
By Region:
North America
Latin America
Europe
East Asia
South Asia & Oceania
Middle East & Africa
Check out More Related Studies Published by Fact.MR:
Automotive Front End Module Market
https://www.factmr.com/report/29/automotive-front-end-module-market
Hybrid Electric Vehicles Market
https://www.factmr.com/report/270/hybrid-electric-vehicles-market
Automotive Carbon Thermoplastic Market
https://www.factmr.com/report/automotive-carbon-thermoplastic-market
Automotive Mobile Accessories Market
https://www.factmr.com/report/6/automotive-mobile-accessories-market
Contact:
US Sales Office
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583, +353-1-4434-232
Email: sales@factmr.com
About Fact.MR
We are a trusted research partner of 80% of fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client's satisfaction.
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 Size Worth US$ 22.54 Billion with 3.4% CAGR by 2034: Fact.MR Report here
News-ID: 4053242 • Views: …
More Releases from Fact.MR
Intelligent Transport System Market is Evaluatedto Reach USD 63.77 Billion by 20 …
Fact.MR today released its latest report on the Intelligent Transport System (ITS) Market, projecting robust growth driven by increasing urbanization, rising demand for efficient traffic management, and advancements in smart mobility technologies. Valued at USD 30.66 billion in 2024, the global market is forecasted to expand at a compound annual growth rate (CAGR) of 7.6%, reaching USD 63.77 billion by 2034. This significant growth underscores the critical role of ITS…
Digital Door Lock System Market is Growing at a CAGR of 16% by 2034 | Key Player …
Digital Door Lock System Market is valued at USD 11 billion in 2024 and is projected to expand at a compound annual growth rate (CAGR) of 16%, reaching USD 48.7 billion by 2034. This remarkable growth is driven by the increasing popularity of smart homes, which integrate advanced security features for enhanced convenience and protection. Digital door lock systems, utilizing technologies like biometrics and wireless connectivity, offer keyless entry, remote…
Electronic Access Control Systems Market is Estmated to Reach USD 32.5 Billion b …
The global electronic access control systems market is valued at USD 14.64 billion in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 8.3%, reaching USD 32.5 billion by 2033. This growth is driven by the increasing need for advanced security solutions amid rising threats of terrorism, break-ins, and data breaches. Electronic access control systems, encompassing biometrics, card-based, keypad, intruder alarm, and perimeter security technologies,…
Neurology Devices Market is Estimated to Reach USD 22,335.5 Million by 2035 | Fa …
Neurology Devices Market was valued at USD 10,944.3 million in 2024 and is forecasted to expand at a CAGR of 6.7%, reaching USD 22,335.5 million by 2035. This growth reflects the increasing demand for advanced diagnostic and therapeutic tools to address neurological disorders, including Alzheimer's disease, Parkinson's disease, major depression, epilepsy, spinal cord injury, and traumatic brain injury. Neurology devices play a crucial role in diagnosing, preventing, and treating these…
More Releases for Automotive
Automotive Grommet Market set for explosive growth: Cooper Standard Automotive, …
According to HTF MI, "Global Automotive Grommet Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2030". The Global Automotive Grommet Market is anticipated to grow at a compound annual growth rate (CAGR) of 5.96% from 2024 to 2030, reaching USD 100 Billion in 2024 and USD 150 Billion by 2030.
Automotive grommets are protective rings or eyelets made from rubber or plastic, used to protect or cover holes in metal…
KSA Automotive Market | KSA Automotive Industry | KSA Automotive Industry Resear …
Saudi Arabia’s automotive market faced a decline in new car sales due to tripling of value-added tax (VAT) rates. Effective in July 1, 2020, Saudi Arabia hiked its VAT from 5% to 15%.
Vision 2030 trying to attract foreign investment to kick start Dammam manufacturing city to aid re-exports & fulfill domestic demand
Surge in Domestic Manufacturing to gain independence of Imports: With Vision 2030, KSA is trying to gain impendence of…
Automotive Fuel Injectors Market: Growing Automotive Sales Fueling Automotive Fu …
Automotive fuel injectors market is likely to grow at a steady pace in the long run, according to a new report by Fact.MR. The demand for automotive fuel injectors continues to remain influenced with a multitude of industry-specific and macroeconomic factors. Significant growth in the automotive sector, coupled with increasing vehicle fleet remain instrumental in driving the demand for automotive fuel injectors worldwide. Fact.MR estimates that the sales of automotive fuel injectors are expected…
Global Automotive Safety Market 2019 Worldwide Outlook By Autoliv, Delphi Automo …
Automotive safety systems are designed to comply with the standards and regulations prescribed by government agencies and transport authorities worldwide. Passive safety systems are designed to protect passengers, drivers, and pedestrians during an accident.
In terms of region, the global Automotive Passive Safety Systems market can be segmented into North America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is likely to hold a prominent share of the global…
Global Oil Pump for Automotive Market 2018 Analysis -Bosch,Denso,Aisin Seiki,Del …
According to this study, over the next five years the Oil Pump for Automotive market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2023, from US$ xx million in 2017. In particular, this report presents the global market share (sales and revenue) of key companies in Oil Pump for Automotive business.
Get Sample Copy of this Report for more Information…
Global Automotive Body Welded Assembly Market 2018 - Daesan, Baylis Automotive, …
Accord Market, recently published a detailed market research study focused on the “Automotive Body Welded Assembly Market” across the global, regional and country level. The report provides 360° analysis of “Automotive Body Welded Assembly Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of…
