Global Automotive Dampers Market 2024-2028
The automotive dampers market is forecasted to grow by USD 4.54 bn during 2023-2028, accelerating at a CAGR of 2.12% during the forecast period. The report on the automotive dampers 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 growth in production volume of passenger vehicles, growing demand for comfort and convenience, and growing penetration of efficient materials within dampers.
Technavio's automotive dampers market is segmented as below:
By Application
- Passenger vehicles
- Commercial vehicles
By Geography
- APAC
- Europe
- North America
- South America
- Middle East and Africa
This study identifies the increasing developments in automotive damper as one of the prime reasons driving the automotive dampers market growth during the next few years. Also, growing applications of magnetorheological and spool-valve damper and growing advances in automotive suspension technology will lead to sizable demand in the market.
The report on the automotive dampers market covers the following areas:
- Automotive dampers market sizing
- Automotive dampers market forecast
- Automotive dampers 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 dampers market vendors that include ANAND Group, Asia America Industrial Manufacturing Inc., Beijing Shougang Co. Ltd., Cummins Inc., Dexko Global Inc., Duroshox Pvt. Ltd., FAW Dongjigong Shock Absorber Co. Ltd., Festo SE and Co. KG, Freudenberg and Co. KG, Hitachi Ltd., HL Mando Co. Ltd., ITT Inc., KYB Corp., Marelli Holdings Co. Ltd., MSA DAMPER S.R.L., Parker Hannifin Corp., Tenneco Inc., thyssenkrupp AG, WITTMANN Technology GmbH, and ZF Friedrichshafen AG. Also, the automotive dampers 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 the way of study, synthesis, and summation of data from multiple sources by 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 the accurate market growth.