The global market for Automotive Shock Absorbers is estimated at US$12.5 Billion in 2023 and is projected to reach US$20.3 Billion by 2030, growing at a CAGR of 7.2% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
Global expansion of the automotive industry into emerging markets is another key driver for the shock absorber market. As economic conditions improve in these regions, the demand for automobiles increases, subsequently boosting the need for automotive parts, including shock absorbers. Additionally, the harsh road conditions often found in emerging markets necessitate robust shock absorbing systems, which creates further growth opportunities for manufacturers. Companies are thus strategizing to expand their geographic footprint and enhance their product portfolios to meet the diverse needs of these new markets. This global market expansion is coupled with increasing consumer awareness about vehicle maintenance and the benefits of high-quality shock absorbers, fueling a continuous demand in both OEM and aftermarket segments.
Global expansion of the automotive industry into emerging markets is another key driver for the shock absorber market. As economic conditions improve in these regions, the demand for automobiles increases, subsequently boosting the need for automotive parts, including shock absorbers. Additionally, the harsh road conditions often found in emerging markets necessitate robust shock absorbing systems, which creates further growth opportunities for manufacturers. Companies are thus strategizing to expand their geographic footprint and enhance their product portfolios to meet the diverse needs of these new markets. This global market expansion is coupled with increasing consumer awareness about vehicle maintenance and the benefits of high-quality shock absorbers, fueling a continuous demand in both OEM and aftermarket segments.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Hydraulic Shock Absorbers segment, which is expected to reach US$12.0 Billion by 2030 with a CAGR of a 6.6%. The Gas-Filled Shock Absorbers segment is also set to grow at 8.0% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $3.3 Billion in 2023, and China, forecasted to grow at an impressive 10.2% CAGR to reach $4.7 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Automotive Shock Absorbers Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Automotive Shock Absorbers Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Automotive Shock Absorbers Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as ACDelco, Arnott Industries, Duro Shox Pvt., Ltd., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 12 Featured):
- ACDelco
- Arnott Industries
- Duro Shox Pvt., Ltd.
- Gabriel India Ltd.
- Hitachi Automotive Systems Ltd.
- ITT Corporation
- KYB Corporation
- Marelli (Magneti Marelli CK Holdings Co., Ltd.)
- Meritor, Inc.
- Samvardhana Motherson Group
- Showa Corporation
- Tenneco, Inc.
- ThyssenKrupp AG
- ZF Friedrichshafen AG
- Zhejiang Sensen Auto Parts Co., Ltd.
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISCANADAITALYSPAINRUSSIAREST OF EUROPESOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ACDelco
- Arnott Industries
- Duro Shox Pvt., Ltd.
- Gabriel India Ltd.
- Hitachi Automotive Systems Ltd.
- ITT Corporation
- KYB Corporation
- Marelli (Magneti Marelli CK Holdings Co., Ltd.)
- Meritor, Inc.
- Samvardhana Motherson Group
- Showa Corporation
- Tenneco, Inc.
- ThyssenKrupp AG
- ZF Friedrichshafen AG
- Zhejiang Sensen Auto Parts Co., Ltd.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 167 |
| Published | July 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 12.5 Billion |
| Forecasted Market Value ( USD | $ 20.3 Billion |
| Compound Annual Growth Rate | 7.2% |
| Regions Covered | Global |
