Automotive Shock Absorber Market: Global Industry Analysis and Forecast (2021-2027), Technology Trends.

Automotive Shock Absorber Market size was valued at US$ 9.22 Bn. in 2020 and the total revenue is expected to grow at a CAGR of 7.2% through 2021 to 2027, reaching nearly US$ 15.00 Bn.

Automotive Shock Absorber Market Overview:

A shock absorber is essentially an oil pump, a device that smooth out the abrupt and rough push or shake and distributes it as kinetic energy. Landing gear is a part of the support systems for industrial equipment, and shock absorbers are essential in every motorcycle and automotive suspension. Shock absorbers are typically cylinders with a sliding piston that is cushioned by hydraulic fluid or air. Hydraulic Type, and Gas-filled Type are the product types of the automotive shock absorber. OEMs, and Aftermarket are the sales channel of the automotive shock absorber. Twin Tube Design, and Mono-Tube Design are the design types of the automotive shock absorber. Automotive Shock Absorber Market To know about the Research Methodology :- Request Free Sample Report Though market forecasting through 2027 is based on real output, demand and supply of 2020, 2020 numbers are also estimated on real numbers published by key players as well all-important players across the world. Market forecasting till 2027 is done based on past data from 2016 to 2019 with the impact of global lock down on the market in 2020 and 2021.

Global Automotive Shock Absorber Market Dynamics:

Shock absorbers on machines considerably minimise shock and vibration. Damage to machinery, downtime, and maintenance costs are reduced as a result. Shock absorbers allow machines to run at higher speeds because they control or gently stop moving things. As a result, manufacturing rates can be raised. Motions negative side effects, such as noise, vibration, and destructive impacts, are reduced or eliminated, resulting in higher output quality. Tolerances and fittings are also more manageable. To alleviate operational concerns and supply end users with high-quality shock absorbers, leading manufacturers are employing revolutionary production technologies and procedures. Shock absorbers for electric vehicles are in high demand, which presents several prospects for manufacturers and suppliers. Increasing urbanisation and smart cities, as well as increasing daily commuting distances, are some of the key drivers boosting demand for new automobiles, which has a positive indirect impact on the automotive shock absorbers industry. As the number of vehicles on the road grows, so drive demand for automotive shock absorbers around the world. Besides, the global automotive shock absorbers market is expected to see significant growth due to increased vehicle production and demand. The employment of cutting-edge technology in electric vehicles, such as regenerative shock absorbers, has resulted in a major increase in demand for automotive shock absorbers. Increased demand from automobile owners for improved ride quality and vehicle safety are driving market growth. Shock absorbers should be replaced every 50,000 miles, according to many manufacturers. Automotive Shock Absorber Market

Automotive Shock Absorber Market Segment Analysis:

Based on the Vehicle, the market is segmented into Passenger Cars, LCVs, HCVs, and Two Wheelers. Two Wheelers segment is expected to hold the largest market share of xx% by 2027. Manufacturers are expected to get benefit from the increased focus on electric and hybrid automobiles. Automotive shock absorbers are available from companies including KYB Corporation, Tenneco Inc., ZF Friedrichshafen AG, and Hitachi Automotive Systems for a variety of vehicle types and designs. During the forecast period 2021-2027, sales and production of two-wheelers are expected to have a direct impact on demand for shock absorbers for two-wheelers. Two-wheelers are adopting new technology to reduce weight and improve durability, which is a key factor driving the development of light weight shock absorbers. Based on the Design, the market is segmented into Twin Tube Design, and Mono-Tube Design. Twin Tube Design and Mono-Tube Design segments are expected to grow rapidly at a CAGR of xx% and xx% during the forecast period 2021-2027. In shock absorbers, twin tube and mono tube designs are commonly utilised. Twin tube shocks are made up of two cylinders with oil flowing between them to produce a dampening force. Mono tube twin shocks have a single cylinder filled with oil that is separated from the other by a piston valve. Mono tube shocks have a higher damping ability and provide a better ride quality than twin tube shocks. However, because mono tube shocks are more expensive, many manufacturers favour twin tube shocks. Based on the Sales Channel, the market is segmented into OEMs, and Aftermarket. OEMs sales channel segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2021-2027. OEMs have a strong demand for shock absorbers, as millions of new vehicles are equipped with them every year. OEM demand for shock absorbers is consistent, and demand in the replacement market is stable; yet, it accounts for one-third of overall shock absorber sales. Automotive Shock Absorber Market

Automotive Shock Absorber Market Regional Insights:

North America region is expected to dominate the Global Automotive Shock Absorber market during the forecast period 2021-2027. North America region is expected to hold the largest market share of xx% by 2027. This is due to the United States is one of the major automobile marketplaces in the world, it has a significant number of OEMs and a large aftermarket industry. The United States remains one of the greatest markets for automobile shock absorbers in the world, due to the integration of numerous technologies and advancements, making it a lucrative pocket for manufacturers. Europe region is expected to grow rapidly at a CAGR of xx% during the forecast period 2021-2027. Germany is home to a number of well-known OEMs as well as aftermarket part suppliers. Increased vehicle age and increased knowledge of vehicle safety features has resulted in a rise in shock absorber replacements in the country, boosting the aftermarket. In Germany, substantial technological developments, such as the evolution of electrical generator suspensions, are also driving the automotive shock absorber market growth. The objective of the report is to present a comprehensive analysis of the Global Automotive Shock Absorber Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Global Automotive Shock Absorber Market dynamic, structure by analyzing the market segments and project the Global Automotive Shock Absorber Market size. Clear representation of competitive analysis of key players by Product Type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Automotive Shock Absorber Market make the report investor’s guide.

Automotive Shock Absorber Market Scope: Inquiry Before Buying

Global Automotive Shock Absorber Market
Report Coverage Details
Base Year: 2020 Forecast Period: 2021-2027
Historical Data: 2016 to 2020 Market Size in 2020: US $ 9.22 Bn.
Forecast Period 2021 to 2027 CAGR: 7.2% Market Size in 2027: US $ 15.00 Bn.
Segments Covered: by Vehicle • Passenger Cars • LCVs • HCVs • Two Wheelers
by Product Type • Hydraulic Type • Gas-filled Type
by Sales Channel • OEMs • Aftermarket
by Design • Twin Tube Design • Mono-Tube Design

Automotive Shock Absorber Market, by Region

• North America • Europe • Asia Pacific • South America • Middle East and Africa

Automotive Shock Absorber Market Key Players

Brinn Inc. • BWI Group • Continental AG • Datsons Engineering Works Pvt. Ltd. • DMA Sales, Inc. • Duroshox • Endurance Technologies Limited • FCS Auto • Halla Holdings Corp. • Hitachi Automotive Systems, Ltd. • Kobe Suspensions • KYB • LEACREE Company • Magneti Marelli S.p.A. • QBAutomotive • Ride Control, LLC • Robert Bosch GmbH • Samavardhana Motherson Group Frequently Asked Questions: 1] What segments are covered in Automotive Shock Absorber Market report? Ans. The segments covered in Automotive Shock Absorber Market report are based on Vehicle, Product Type, Sales Channel, and Design. 2] Which region is expected to hold the highest share in the Automotive Shock Absorber Market? Ans. North America is expected to hold the highest share in the Automotive Shock Absorber Market. 3] Who are the top key players in the Automotive Shock Absorber Market? Ans. Brinn Inc., BWI Group, Continental AG, Datsons Engineering Works Pvt. Ltd., DMA Sales, Inc., and Duroshox are the top key players in the Automotive Shock Absorber Market. 4] Which segment holds the largest market share in the Automotive Shock Absorber market by 2027? Ans. Two Wheelers vehicle segment hold the largest market share in the Automotive Shock Absorber market by 2027. 5] What is the market size of the Automotive Shock Absorber market by 2027? Ans. The market size of the Automotive Shock Absorber market is expected to reach US $15.00 Bn. by 2027. 6] What was the market size of the Automotive Shock Absorber market in 2020? Ans. The market size of the Automotive Shock Absorber market was worth US $9.22 Bn. in 2020.
1. Global Automotive Shock Absorber Market: Research Methodology 2. Global Automotive Shock Absorber Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Automotive Shock Absorber Market 2.2. Summary 2.1.1. Key Findings 2.1.2. Recommendations for Investors 2.1.3. Recommendations for Market Leaders 2.1.4. Recommendations for New Market Entry 3. Global Automotive Shock Absorber Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12 COVID-19 Impact 4. Global Automotive Shock Absorber Market Segmentation 4.1 Global Automotive Shock Absorber Market, by Vehicle (2020-2027) • Passenger Cars • LCVs • HCVs • Two Wheelers 4.2 Global Automotive Shock Absorber Market, by Product Type (2020-2027) • Hydraulic Type • Gas-filled Type 4.3 Global Automotive Shock Absorber Market, by Sales Channel (2020-2027) • OEMs • Aftermarket 4.4 Global Automotive Shock Absorber Market, by Design (2020-2027) • Twin Tube Design • Mono-Tube Design 5. North America Automotive Shock Absorber Market (2020-2027) 5.1 Global Automotive Shock Absorber Market, by Vehicle (2020-2027) • Passenger Cars • LCVs • HCVs • Two Wheelers 7.2 Global Automotive Shock Absorber Market, by Product Type (2020-2027) • Hydraulic Type • Gas-filled Type 5.3 Global Automotive Shock Absorber Market, by Sales Channel (2020-2027) • OEMs • Aftermarket 5.4 Global Automotive Shock Absorber Market, by Design (2020-2027) • Twin Tube Design • Mono-Tube Design 5.5 North America Automotive Shock Absorber Market, by Country (2020-2027) • United States • Canada • Mexico 6. Asia Pacific Automotive Shock Absorber Market (2020-2027) 6.1. Asia Pacific Automotive Shock Absorber Market, by Vehicle (2020-2027) 6.2. Asia Pacific Automotive Shock Absorber Market, by Product Type (2020-2027) 6.3. Asia Pacific Automotive Shock Absorber Market, by Sales Channel (2020-2027) 6.4. Asia Pacific Automotive Shock Absorber Market, by Design (2020-2027) 6.5. Asia Pacific Automotive Shock Absorber Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 7. Middle East and Africa Automotive Shock Absorber Market (2020-2027) 7.1 Middle East and Africa Automotive Shock Absorber Market, by Vehicle (2020-2027) 7.2. Middle East and Africa Automotive Shock Absorber Market, by Product Type (2020-2027) 7.3. Middle East and Africa Automotive Shock Absorber Market, by Sales Channel (2020-2027) 7.4. Middle East and Africa Automotive Shock Absorber Market, by Design (2020-2027) 7.5. Middle East and Africa Automotive Shock Absorber Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 8. Latin America Automotive Shock Absorber Market (2020-2027) 8.1. Latin America Automotive Shock Absorber Market, by Vehicle (2020-2027) 8.2. Latin America Automotive Shock Absorber Market, by Product Type (2020-2027) 8.3. Latin America Automotive Shock Absorber Market, by Sales Channel (2020-2027) 8.4. Latin America Automotive Shock Absorber Market, by Design (2020-2027) 8.5. Latin America Automotive Shock Absorber Market, by Country (2020-2027) • Brazil • Argentina • Rest Of Latin America 9. European Automotive Shock Absorber Market (2020-2027) 9.1. European Automotive Shock Absorber Market, by Vehicle (2020-2027) 9.2. European Automotive Shock Absorber Market, by Product Type (2020-2027) 9.3. European Automotive Shock Absorber Market, by Sales Channel (2020-2027) 9.4. European Automotive Shock Absorber Market, by Design (2020-2027) 9.5. European Automotive Shock Absorber Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 10. Company Profile: Key players 10.1. Brinn Inc. 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. BWI Group 10.3. Continental AG 10.4. Datsons Engineering Works Pvt. Ltd. 10.5. DMA Sales, Inc. 10.6. Duroshox 10.7. Endurance Technologies Limited 10.8. FCS Auto 10.9. Halla Holdings Corp. 10.10. Hitachi Automotive Systems, Ltd. 10.11. Kobe Suspensions 10.12. KYB 10.13. LEACREE Company 10.14. Magneti Marelli S.p.A. 10.15. QBAutomotive 10.16. Ride Control, LLC 10.17. Robert Bosch GmbH 10.18. Samavardhana Motherson Group

About This Report

Report ID 55709
Category Electronics
Published Date April 2020
Updated Date Jan 2022
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