Automotive Shock Absorber Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Type (Hydraulic, Pneumatic); Design (Twin Tube, Mono Tube); Vehicle Type (Passenger Cars, Commercial Vehicles) and Geography
Report Code: TIPRE00010514
| No. of Pages: 150
| Category: Automotive and Transportation
| Status: Upcoming
Automotive shock absorbers are hydraulic or mechanical devices designed to absorb the shock of vehicles. Increasing focus on the comfort of the vehicle is driving the growth of the automotive shock absorber market. Replacement of the old with new is also pushing the growth of the market. Moreover, growing demand for the luxuries vehicle and increasing transportation activity led to increasing demand for a commercial vehicle which positively impacts the growth of the automotive shock absorber market.
Shock absorber enhanced ride quality and vehicle handling also decreases the effect of rough terrain on the vehicle body. Rapid growth in the production of vehicle is resulting in increasing demand for the shock absorber which boosting the growth of the automotive shock absorber market. Furthermore, rising demand for comfort and safety in vehicles and the development of advanced suspensions are expected to propel the growth of the automotive shock absorber market.
The "Global Automotive Shock Absorber Market Analysis to 2028" is a specialized and in-depth study of the Automotive shock absorber industry with a special focus on the global market trend analysis. The report aims to provide an overview automotive shock absorber market with detailed market segmentation by type, design, vehicle type, and geography. The global automotive shock absorber market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Automotive shock absorber market players and offers key trends and opportunities in the automotive shock absorber market.
The global automotive shock absorber market is segmented on the basis of type, design, vehicle type. On the basis of type the market is segmented as hydraulic, pneumatic. On the basis of design the market is segmented as twin tube, mono tube. On the basis of vehicle type the market is segmented as passenger cars, commercial vehicles.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global automotive shock absorber market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The automotive shock absorber market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting automotive shock absorber market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the automotive shock absorber market in these regions.
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The reports cover key developments in the automotive shock absorber market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Automotive shock absorber market are anticipated to lucrative growth opportunities in the future with the rising demand for automotive shock absorber in the global market. Below mentioned is the list of few companies engaged in the automotive shock absorber market.
The report also includes the profiles of key automotive shock absorber companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
Hitachi Automotive Systems, Ltd.
KONI BV (ITT Inc.)
ZF Friedrichshafen AG
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
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The List of Companies
1. Hitachi Automotive Systems, Ltd.
2. KONI BV (ITT Inc.)
3. KYB Corporation
4. Mando Corporation
5. Meritor, Inc.
6. Motherson Group
7. Showa Corporation
8. Tenneco Inc.
9. Thyssenkrupp AG
10. ZF Friedrichshafen AG