Global Automotive Shocks and Struts Market 2021-2025

Global Automotive Shocks and Struts Market 2021-2025

The publisher has been monitoring the automotive shocks and struts market and it is poised to grow by 78.19 mn units during 2021-2025 progressing at a CAGR of 5% during the forecast period. The report on automotive shocks and struts 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 global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increasing preference of high-performance cars and SUVs, use of advanced optimization techniques for reducing the weight of suspension components and increasing demand for shock absorbers in all-terrain vehicles. In addition, increasing preference of high-performance cars and SUVs is anticipated to boost the growth of the market as well.

The automotive shocks and struts market analysis includes type segment and geographical landscapes.

The automotive shocks and struts market is segmented as below:

By Type

• Struts
• Shock absorbers

By Geographical Landscapes

• APAC
• North America
• Europe
• South America
• MEA

This study identifies the growing demand for carbon fiber struts as one of the prime reasons driving the automotive shocks and struts market growth during the next few years. Also, suspension links weight reduction process using advanced optimization techniques and growing preference for aluminum forged suspension products will lead to sizable demand in the market.

The report on automotive shocks and struts market cover the following areas:

• Automotive shocks and struts market sizing
• Automotive shocks and struts market forecast
• Automotive shocks and struts 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 shocks and struts market vendors that include Fox Factory Holding Corp., ITT Inc., KYB Corp., Mando Corp., Marelli Holdings Co. Ltd., Melrose Industries Plc, Meritor Inc., Tenneco Inc., thyssenkrupp AG, and ZF Friedrichshafen AG. Also, the automotive shocks and struts market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on 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 an accurate market growth.