Global Automotive Aftermarket Shock Absorbers Market 2024-2028
The automotive aftermarket shock absorbers market is forecasted to grow by USD 1.12 bn during 2023-2028, accelerating at a CAGR of 4.15% during the forecast period. The report on the automotive aftermarket shock absorbers market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by an aging vehicle fleet with a high number of in-use vehicles, an increase in vehicle miles driven, and an increase in sales of luxury vehicles.
Technavio's automotive aftermarket shock absorbers market is segmented as below:
By Type
By Vehicle Type
- Passenger vehicles
- Commercial vehicles
By Geographical Landscape
- APAC
- Europe
- North America
- South America
- Middle East and Africa
This study identifies the auto component manufacturers shift towards selective alliances as one of the prime reasons driving the automotive aftermarket shock absorbers market growth during the next few years. Also, the emergence of additive manufacturing and manufacturers shift toward alternative lightweight materials will lead to sizable demand in the market.
The report on the automotive aftermarket shock absorbers market covers the following areas:
- Automotive aftermarket shock absorbers market sizing
- Automotive aftermarket shock absorbers market forecast
- Automotive aftermarket shock absorbers market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading automotive aftermarket shock absorbers market vendors that include ADD Industry Zhejiang Co Ltd, AL-KO Vehicle Technology Group, ANAND Group, Arnott LLC, Dorman Products Inc., DRiV Inc., Festo SE and Co. KG, Hangzhou Smart Mfg Group Co. Ltd., Hitachi Ltd., KAVO B.V., KYB Corp., MAPCO Autotechnik GmbH, MEYLE AG, Roberto Nuti Group, Skyjacker Ltd., SUSPA GmbH, Taylor Devices Inc., Tenneco Inc., thyssenkrupp AG, and ZF Friedrichshafen AG. Also, the automotive aftermarket shock absorbers market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.