Automotive Shock Absorber Market 2018 Global Industry Forecast to 2023 Report, is latest Global Automotive Shock Absorber Industry research report published by “Market Research Future”. Automotive Shock Absorber Market Size is poised to grow at 5.12% compound annual growth rate and reach remarkable market value by 2023 globally.
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For depth analysis, Global Automotive Shock Absorber Market is segmented by Type (Air Shock Absorber, Damper Shock Absorber, and Others), Vehicle Type (Passenger car and Commercial Vehicle), Sales Channel (OEM and Aftermarket), and region.
Global Automotive Shock Absorber Market Highlights:
The current trend in automotive industry is going toward automation. Shock absorber are the integral part of the suspension system. The main purpose of the shock absorber is to absorb the energy in order to provide comfort ride for the passengers. It is a mechanical device that is used to absorb the impulses created by the shock. The shock absorber is mainly used to reduce the jerk in order to improve the comfort ride for the passenger. They convert the kinetic energy in to the heat form which is then dissipated. They are not only used in automotive but also in aircraft in landing gears. In automotive industry, shock absorber mainly comprises of damper shock absorber and air shock absorber. Air shock absorber are extensively used in the vehicles due to higher sustainability and better comfort provided to the passengers.
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Automotive Shock Absorber Market Key Companies Studied in this report are Meritor, Inc. (U.S.), ZF Friedrichshafen AG (Germany), Delphi Automotive Plc. (U.K.), Gabriel India Ltd. (India), Hitachi, Ltd. (Japan), KYB Europe G.M.B.H (Germany), SHOWA Corporation (Japan), Tenneco Inc. (U.S.), Koni BV (Netherlands), Thyssenkrupp Bilstein Gmbh (Germany) and others.
The factors that are responsible for the growth of automotive shock absorber market are growth in the automotive industry, increase in the production of vehicles in emerging countries such as China, India, and Japan, increased focus by manufacturers to improve comport for the passenger, and advancement in technology. The increase in the production of vehicle will result in higher use of shock absorbers to improve ride comfort. This increase in the usage of shock absorber, will result in the growth of the market during the forecast period. In current scenario, manufacturers are moving toward advancement in the technology so as to compete in the automotive market. The advancement in technology will result in improvement in the overall suspension system. Manufacturers are also focusing on improving the ride comfort of the passenger in order to grow in this market.
Market Segments Analysis:
The global Automotive Shock Absorber market is segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Type: Comprises Air Shock Absorber, Damper Shock Absorber, and Others.
Segmentation by Vehicle Type: Comprises Passenger car and Commercial Vehicle.
Segmentation by Sales Channel: Comprises OEM and Aftermarket.
On the basis of region, the market has been segmented as North America, Asia Pacific, Europe, and Rest of the World. Asia Pacific region is expected to dominate the market during the forecast period due to increase in the production of vehicles in emerging countries such as China, India, and Japan. North America is expected to be the second largest market due to higher innovation in the shock absorbers. Europe is expected to be the third largest region during the forecast period.
Research Methodology:
Market Research Future (MRFR) employs innovative statistical algorithms for gathering impactful market insights that can drive business decisions. An in-depth analysis of constantly evolving market trends combined with a study of historical data is leveraged for providing accurate competitive intelligence. The statistical observations made in our reports are backed by data procured through extensive primary and secondary research which include interviews with stakeholders, SEC filings, whitepaper references, annual reports of key players, etc. Top-down and bottom-up approaches are employed for authenticating the credibility of the market foresight delivered. A multi-layer verification process reaffirms the market size and revenue estimation. MRFR strives to provide reliable and transparent information that helps clients in developing growth strategies.
The report gives the clear picture of current Automotive Shock Absorber market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Table Of Contents:
1 Executive Summary
2 Research Methodology
2.1 Scope Of The Stud
2.1.1 Definition
2.1.2 Research Objective
2.1.3 Assumptions
2.1.4 Limitations
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
4.1 Introduction
4.2 Forward Collision Warning
4.3 Dynamic Brake Support
4.4 Crash Imminent Braking
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