Global Automotive Shock Absorber Market Growth 2023-2029

Global Automotive Shock Absorber Market Growth 2023-2029

A shock absorber or damper is a mechanical or hydraulic device designed to absorb and damp shock impulses. It does this by converting the kinetic energy of the shock into another form of energy which is then dissipated. Most shock absorbers are a form of dashpot.
LPI (LP Information)' newest research report, the “Automotive Shock Absorber Industry Forecast” looks at past sales and reviews total world Automotive Shock Absorber sales in 2022, providing a comprehensive analysis by region and market sector of projected Automotive Shock Absorber sales for 2023 through 2029. With Automotive Shock Absorber sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Automotive Shock Absorber industry.
This Insight Report provides a comprehensive analysis of the global Automotive Shock Absorber landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Automotive Shock Absorber portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Automotive Shock Absorber market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Automotive Shock Absorber and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Automotive Shock Absorber.
The global Automotive Shock Absorber market size is projected to grow from US$ 11200 million in 2022 to US$ 12570 million in 2029; it is expected to grow at a CAGR of 12570 from 2023 to 2029.
By region, China's consumption share was the highest in 2019, at more than 27 percent. The leading producers in the industry are ZF, TENNECO and KYB Corporation, accounting for 19.33%, 15.89% and 13.02% of revenues respectively.
This report presents a comprehensive overview, market shares, and growth opportunities of Automotive Shock Absorber market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Single-Tube Shock Absorbers
Twin-Tube Shock Absorbers
Segmentation by application
Passenger Vehicles
Commercial Vehicles
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
ZF
TENNECO
KYB Corporation
Hitachi Automotive Systems
Showa
Mando
Magneti Marelli
Bilstein
Nanyang Cijan Automobile
KONI
ADD Industry
Gabriel
ALKO
Roberto Nuti
Endurance
Key Questions Addressed in this Report
What is the 10-year outlook for the global Automotive Shock Absorber market?
What factors are driving Automotive Shock Absorber market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Automotive Shock Absorber market opportunities vary by end market size?
How does Automotive Shock Absorber break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.