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1 of 5
FEATURED COMPANIES
- Hitachi Ltd.
- ITT Inc.
- Kobe Suspensions
- NGK Spark Plug Co. Ltd.
- Showa Corp.
- Tenneco Inc.
- MORE
Global Automotive Aftermarket Shock Absorbers Market: About this market
The automotive aftermarket shock absorbers market analysis considers sales from both passenger vehicles and commercial vehicle types. Our study also finds the sales of automotive aftermarket shock absorbers in APAC, Europe, MEA, North America, and South America. In 2019, the passenger vehicle segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as growing demand for EVs and SUVs across the globe will play a significant role in the passenger vehicle segment to maintain its market position. Also, our global automotive aftermarket shock absorbers market report looks at factors such as an aging vehicle fleet with a high number of in-use vehicles, an increase in vehicle miles driven, and a rise in sales of luxury vehicles. However, decreasing global sales and production of vehicles, raw material price volatility, and availability of inexpensive low-quality shock absorbers may hamper the growth of the automotive aftermarket shock absorbers industry over the forecast period.
Global Automotive Aftermarket Shock Absorbers Market: Overview
Rise in the sales of luxury vehicles
Emerging economies including India, China, Thailand, and Brazil have become key contributors to the growing sales of luxury and premium vehicles. Luxury and premium vehicles feature the integration of advanced electronic components to provide enhanced comfort and safety. Moreover, these vehicles are also equipped with electronically controlled suspension systems including electronic shock absorbers. The consumers also prefer buying OEM quality shock absorbers to obtain a higher comfort level in vehicles. Thus, the increasing sales of luxury and premium vehicles will lead to the expansion of the global automotive aftermarket shock absorbers market at a CAGR of over 4% during the forecast period.
Manufacturers shift toward alternative lightweight materials
Increasing pollution levels across the globe have led to the intensification of stringency of emission standards. To comply with regulations on emissions norms, manufacturers are focusing on developing lightweight, efficient, and cost-effective products. This has encouraged the manufacturers to emphasize on deploying alternative lightweight raw materials for producing auto components. Companies in the market are introducing lightweight suspension parts made of lightweight materials such as carbon-fiber-reinforced plastics (CFRP) and glass-reinforced plastics (GRP). This development is expected to have a positive impact on the overall market growth.
Competitive Landscape
With the presence of several major players, the global automotive aftermarket shock absorbers market is fragmented. 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 aftermarket shock absorbers manufacturers, that include ADD Industry (Zhejiang) Corp. Ltd., Hitachi Ltd., ITT Inc., Kobe Suspensions, LEACREE (Chengdu) Co. Ltd., NGK Spark Plug Co. Ltd., Showa Corp., Tenneco Inc., thyssenkrupp AG, and ZF Friedrichshafen AG.s
Also, the automotive aftermarket shock absorbers 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 automotive aftermarket shock absorbers market analysis considers sales from both passenger vehicles and commercial vehicle types. Our study also finds the sales of automotive aftermarket shock absorbers in APAC, Europe, MEA, North America, and South America. In 2019, the passenger vehicle segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as growing demand for EVs and SUVs across the globe will play a significant role in the passenger vehicle segment to maintain its market position. Also, our global automotive aftermarket shock absorbers market report looks at factors such as an aging vehicle fleet with a high number of in-use vehicles, an increase in vehicle miles driven, and a rise in sales of luxury vehicles. However, decreasing global sales and production of vehicles, raw material price volatility, and availability of inexpensive low-quality shock absorbers may hamper the growth of the automotive aftermarket shock absorbers industry over the forecast period.
Global Automotive Aftermarket Shock Absorbers Market: Overview
Rise in the sales of luxury vehicles
Emerging economies including India, China, Thailand, and Brazil have become key contributors to the growing sales of luxury and premium vehicles. Luxury and premium vehicles feature the integration of advanced electronic components to provide enhanced comfort and safety. Moreover, these vehicles are also equipped with electronically controlled suspension systems including electronic shock absorbers. The consumers also prefer buying OEM quality shock absorbers to obtain a higher comfort level in vehicles. Thus, the increasing sales of luxury and premium vehicles will lead to the expansion of the global automotive aftermarket shock absorbers market at a CAGR of over 4% during the forecast period.
Manufacturers shift toward alternative lightweight materials
Increasing pollution levels across the globe have led to the intensification of stringency of emission standards. To comply with regulations on emissions norms, manufacturers are focusing on developing lightweight, efficient, and cost-effective products. This has encouraged the manufacturers to emphasize on deploying alternative lightweight raw materials for producing auto components. Companies in the market are introducing lightweight suspension parts made of lightweight materials such as carbon-fiber-reinforced plastics (CFRP) and glass-reinforced plastics (GRP). This development is expected to have a positive impact on the overall market growth.
Competitive Landscape
With the presence of several major players, the global automotive aftermarket shock absorbers market is fragmented. 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 aftermarket shock absorbers manufacturers, that include ADD Industry (Zhejiang) Corp. Ltd., Hitachi Ltd., ITT Inc., Kobe Suspensions, LEACREE (Chengdu) Co. Ltd., NGK Spark Plug Co. Ltd., Showa Corp., Tenneco Inc., thyssenkrupp AG, and ZF Friedrichshafen AG.s
Also, the automotive aftermarket shock absorbers 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.
Note: Product cover images may vary from those shown
2 of 5
FEATURED COMPANIES
- Hitachi Ltd.
- ITT Inc.
- Kobe Suspensions
- NGK Spark Plug Co. Ltd.
- Showa Corp.
- Tenneco Inc.
- MORE
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 08: GEOGRAPHIC LANDSCAPE
PART 10: DRIVERS AND CHALLENGES
Exhibit 01: Vendors: Key offerings
Exhibit 02: Global auto parts and equipment market
Exhibit 03: Segments of global auto parts and equipment market
Exhibit 04: Market characteristics
Exhibit 05: Market segments
Exhibit 06: Market definition - Inclusions and exclusions checklist
Exhibit 07: Market size 2019
Exhibit 08: Global market: Size and forecast 2019-2024 ($ millions)
Exhibit 09: Global market: Year-over-year growth 2020-2024 (%)
Exhibit 10: Five forces analysis 2019
Exhibit 11: Five forces analysis 2024
Exhibit 12: Bargaining power of buyers
Exhibit 13: Bargaining power of suppliers
Exhibit 14: Threat of new entrants
Exhibit 15: Threat of substitutes
Exhibit 16: Threat of rivalry
Exhibit 17: Market condition - Five forces 2019
Exhibit 18: Vehicle type - Market share 2019-2024 (%)
Exhibit 19: Comparison by vehicle type
Exhibit 20: Passenger vehicles - Market size and forecast 2019-2024 ($ millions)
Exhibit 21: Passenger vehicles - Year-over-year growth 2020-2024 (%)
Exhibit 22: Commercial vehicles - Market size and forecast 2019-2024 ($ millions)
Exhibit 23: Commercial vehicles - Year-over-year growth 2020-2024 (%)
Exhibit 24: Market opportunity by vehicle type
Exhibit 25: Customer landscape
Exhibit 26: Market share by geography 2019-2024 (%)
Exhibit 27: Geographic comparison
Exhibit 28: APAC - Market size and forecast 2019-2024 ($ millions)
Exhibit 29: APAC - Year-over-year growth 2020-2024 (%)
Exhibit 30: Europe - Market size and forecast 2019-2024 ($ millions)
Exhibit 31: Europe - Year-over-year growth 2020-2024 (%)
Exhibit 32: North America - Market size and forecast 2019-2024 ($ millions)
Exhibit 33: North America - Year-over-year growth 2020-2024 (%)
Exhibit 34: South America - Market size and forecast 2019-2024 ($ millions)
Exhibit 35: South America - Year-over-year growth 2020-2024 (%)
Exhibit 36: MEA - Market size and forecast 2019-2024 ($ millions)
Exhibit 37: MEA - Year-over-year growth 2020-2024 (%)
Exhibit 38: Key leading countries
Exhibit 39: Market opportunity
Exhibit 40: Global number of in-use vehicles
Exhibit 41: Price fluctuation for steel and aluminum
Exhibit 42: Impact of drivers and challenges
Exhibit 43: Vendor landscape
Exhibit 44: Landscape disruption
Exhibit 45: Vendors covered
Exhibit 46: Vendor classification
Exhibit 47: Market positioning of vendors
Exhibit 48: ADD Industry (Zhejiang) Corp. Ltd. - Vendor overview
Exhibit 49: ADD Industry (Zhejiang) Corp. Ltd. - Organizational developments
Exhibit 50: ADD Industry (Zhejiang) Corp. Ltd. - Key offerings
Exhibit 51: Hitachi Ltd. - Vendor overview
Exhibit 52: Hitachi Ltd. - Business segments
Exhibit 53: Hitachi Ltd. - Organizational developments
Exhibit 54: Hitachi Ltd. - Geographic focus
Exhibit 55: Hitachi Ltd. - Segment focus
Exhibit 56: Hitachi Ltd. - Key offerings
Exhibit 57: ITT Inc. - Vendor overview
Exhibit 58: ITT Inc. - Business segments
Exhibit 59: ITT Inc. - Organizational developments
Exhibit 60: ITT Inc. - Geographic focus
Exhibit 61: ITT Inc. - Segment focus
Exhibit 62: ITT Inc. - Key offerings
Exhibit 63: Kobe Suspensions - Vendor overview
Exhibit 64: Kobe Suspensions - Key offerings
Exhibit 65: LEACREE (Chengdu) Co. Ltd. - Vendor overview
Exhibit 66: LEACREE (Chengdu) Co. Ltd. - Key offerings
Exhibit 67: NGK Spark Plug Co. Ltd. - Vendor overview
Exhibit 68: NGK Spark Plug Co. Ltd. - Business segments
Exhibit 69: NGK Spark Plug Co. Ltd. - Organizational developments
Exhibit 70: NGK Spark Plug Co. Ltd. - Geographic focus
Exhibit 71: NGK Spark Plug Co. Ltd. - Segment focus
Exhibit 72: NGK Spark Plug Co. Ltd. - Key offerings
Exhibit 73: Showa Corp. - Vendor overview
Exhibit 74: Showa Corp. - Business segments
Exhibit 75: Showa Corp. - Organizational developments
Exhibit 76: Showa Corp. - Segment focus
Exhibit 77: Showa Corp. - Key offerings
Exhibit 78: Tenneco Inc. - Vendor overview
Exhibit 79: Tenneco Inc. - Business segments
Exhibit 80: Tenneco Inc. - Organizational developments
Exhibit 81: Tenneco Inc. - Geographic focus
Exhibit 82: Tenneco Inc. - Segment focus
Exhibit 83: Tenneco Inc. - Key offerings
Exhibit 84: thyssenkrupp AG - Vendor overview
Exhibit 85: thyssenkrupp AG - Business segments
Exhibit 86: thyssenkrupp AG - Organizational developments
Exhibit 87: thyssenkrupp AG - Geographic focus
Exhibit 88: thyssenkrupp AG - Segment focus
Exhibit 89: thyssenkrupp AG - Key offerings
Exhibit 90: ZF Friedrichshafen AG - Vendor overview
Exhibit 91: ZF Friedrichshafen AG - Business segments
Exhibit 92: ZF Friedrichshafen AG - Organizational developments
Exhibit 93: ZF Friedrichshafen AG - Geographic focus
Exhibit 94: ZF Friedrichshafen AG - Segment focus
Exhibit 95: ZF Friedrichshafen AG - Key offerings
Exhibit 96: Validation techniques employed for market sizing
Exhibit 97: Definition of market positioning of vendors
PART 02: SCOPE OF THE REPORT
- Preface
- Currency conversion rates for US$
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Value chain analysis
- Market definition
- Market sizing 2019
- Market Outlook
- Market size and forecast 2019-2024
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
- Market segmentation by vehicle type
- Comparison by vehicle type
- Passenger vehicles - Market size and forecast 2019-2024
- Commercial vehicles - Market size and forecast 2019-2024
- Market opportunity by vehicle type
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- North America - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity
PART 10: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
- Auto component manufacturers shift towards selective alliances
- Emergence of additive manufacturing
- Manufacturers’ shift toward alternative lightweight materials
- Overview
- Landscape disruption
- Competitive scenario
- Vendors covered
- Vendor classification
- Market positioning of vendors
- ADD Industry (Zhejiang) Corp. Ltd.
- Hitachi Ltd.
- ITT Inc.
- Kobe Suspensions
- LEACREE (Chengdu) Co. Ltd.
- NGK Spark Plug Co. Ltd.
- Showa Corp.
- Tenneco Inc.
- thyssenkrupp AG
- ZF Friedrichshafen AG
- Research methodology
- List of abbreviations
- Definition of market positioning of vendors
Exhibit 01: Vendors: Key offerings
Exhibit 02: Global auto parts and equipment market
Exhibit 03: Segments of global auto parts and equipment market
Exhibit 04: Market characteristics
Exhibit 05: Market segments
Exhibit 06: Market definition - Inclusions and exclusions checklist
Exhibit 07: Market size 2019
Exhibit 08: Global market: Size and forecast 2019-2024 ($ millions)
Exhibit 09: Global market: Year-over-year growth 2020-2024 (%)
Exhibit 10: Five forces analysis 2019
Exhibit 11: Five forces analysis 2024
Exhibit 12: Bargaining power of buyers
Exhibit 13: Bargaining power of suppliers
Exhibit 14: Threat of new entrants
Exhibit 15: Threat of substitutes
Exhibit 16: Threat of rivalry
Exhibit 17: Market condition - Five forces 2019
Exhibit 18: Vehicle type - Market share 2019-2024 (%)
Exhibit 19: Comparison by vehicle type
Exhibit 20: Passenger vehicles - Market size and forecast 2019-2024 ($ millions)
Exhibit 21: Passenger vehicles - Year-over-year growth 2020-2024 (%)
Exhibit 22: Commercial vehicles - Market size and forecast 2019-2024 ($ millions)
Exhibit 23: Commercial vehicles - Year-over-year growth 2020-2024 (%)
Exhibit 24: Market opportunity by vehicle type
Exhibit 25: Customer landscape
Exhibit 26: Market share by geography 2019-2024 (%)
Exhibit 27: Geographic comparison
Exhibit 28: APAC - Market size and forecast 2019-2024 ($ millions)
Exhibit 29: APAC - Year-over-year growth 2020-2024 (%)
Exhibit 30: Europe - Market size and forecast 2019-2024 ($ millions)
Exhibit 31: Europe - Year-over-year growth 2020-2024 (%)
Exhibit 32: North America - Market size and forecast 2019-2024 ($ millions)
Exhibit 33: North America - Year-over-year growth 2020-2024 (%)
Exhibit 34: South America - Market size and forecast 2019-2024 ($ millions)
Exhibit 35: South America - Year-over-year growth 2020-2024 (%)
Exhibit 36: MEA - Market size and forecast 2019-2024 ($ millions)
Exhibit 37: MEA - Year-over-year growth 2020-2024 (%)
Exhibit 38: Key leading countries
Exhibit 39: Market opportunity
Exhibit 40: Global number of in-use vehicles
Exhibit 41: Price fluctuation for steel and aluminum
Exhibit 42: Impact of drivers and challenges
Exhibit 43: Vendor landscape
Exhibit 44: Landscape disruption
Exhibit 45: Vendors covered
Exhibit 46: Vendor classification
Exhibit 47: Market positioning of vendors
Exhibit 48: ADD Industry (Zhejiang) Corp. Ltd. - Vendor overview
Exhibit 49: ADD Industry (Zhejiang) Corp. Ltd. - Organizational developments
Exhibit 50: ADD Industry (Zhejiang) Corp. Ltd. - Key offerings
Exhibit 51: Hitachi Ltd. - Vendor overview
Exhibit 52: Hitachi Ltd. - Business segments
Exhibit 53: Hitachi Ltd. - Organizational developments
Exhibit 54: Hitachi Ltd. - Geographic focus
Exhibit 55: Hitachi Ltd. - Segment focus
Exhibit 56: Hitachi Ltd. - Key offerings
Exhibit 57: ITT Inc. - Vendor overview
Exhibit 58: ITT Inc. - Business segments
Exhibit 59: ITT Inc. - Organizational developments
Exhibit 60: ITT Inc. - Geographic focus
Exhibit 61: ITT Inc. - Segment focus
Exhibit 62: ITT Inc. - Key offerings
Exhibit 63: Kobe Suspensions - Vendor overview
Exhibit 64: Kobe Suspensions - Key offerings
Exhibit 65: LEACREE (Chengdu) Co. Ltd. - Vendor overview
Exhibit 66: LEACREE (Chengdu) Co. Ltd. - Key offerings
Exhibit 67: NGK Spark Plug Co. Ltd. - Vendor overview
Exhibit 68: NGK Spark Plug Co. Ltd. - Business segments
Exhibit 69: NGK Spark Plug Co. Ltd. - Organizational developments
Exhibit 70: NGK Spark Plug Co. Ltd. - Geographic focus
Exhibit 71: NGK Spark Plug Co. Ltd. - Segment focus
Exhibit 72: NGK Spark Plug Co. Ltd. - Key offerings
Exhibit 73: Showa Corp. - Vendor overview
Exhibit 74: Showa Corp. - Business segments
Exhibit 75: Showa Corp. - Organizational developments
Exhibit 76: Showa Corp. - Segment focus
Exhibit 77: Showa Corp. - Key offerings
Exhibit 78: Tenneco Inc. - Vendor overview
Exhibit 79: Tenneco Inc. - Business segments
Exhibit 80: Tenneco Inc. - Organizational developments
Exhibit 81: Tenneco Inc. - Geographic focus
Exhibit 82: Tenneco Inc. - Segment focus
Exhibit 83: Tenneco Inc. - Key offerings
Exhibit 84: thyssenkrupp AG - Vendor overview
Exhibit 85: thyssenkrupp AG - Business segments
Exhibit 86: thyssenkrupp AG - Organizational developments
Exhibit 87: thyssenkrupp AG - Geographic focus
Exhibit 88: thyssenkrupp AG - Segment focus
Exhibit 89: thyssenkrupp AG - Key offerings
Exhibit 90: ZF Friedrichshafen AG - Vendor overview
Exhibit 91: ZF Friedrichshafen AG - Business segments
Exhibit 92: ZF Friedrichshafen AG - Organizational developments
Exhibit 93: ZF Friedrichshafen AG - Geographic focus
Exhibit 94: ZF Friedrichshafen AG - Segment focus
Exhibit 95: ZF Friedrichshafen AG - Key offerings
Exhibit 96: Validation techniques employed for market sizing
Exhibit 97: Definition of market positioning of vendors
Note: Product cover images may vary from those shown
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FEATURED COMPANIES
- Hitachi Ltd.
- ITT Inc.
- Kobe Suspensions
- NGK Spark Plug Co. Ltd.
- Showa Corp.
- Tenneco Inc.
- MORE
The following companies as the key players in the global automotive aftermarket shock absorbers market: ADD Industry (Zhejiang) Corp. Ltd., Hitachi Ltd., ITT Inc., Kobe Suspensions, LEACREE (Chengdu) Co. Ltd., NGK Spark Plug Co. Ltd., Showa Corp., Tenneco Inc., thyssenkrupp AG, and ZF Friedrichshafen AG.
Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the manufacturers shift toward alternative lightweight materials.”
According to the report, one of the major drivers for this market is the rise in the sales of luxury vehicles.
Further, the report states that one of the major factors hindering the growth of this market is the decreasing global sales and production of vehicles.
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 a SWOT analysis of the key vendors.
Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the manufacturers shift toward alternative lightweight materials.”
According to the report, one of the major drivers for this market is the rise in the sales of luxury vehicles.
Further, the report states that one of the major factors hindering the growth of this market is the decreasing global sales and production of vehicles.
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 a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
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- ADD Industry (Zhejiang) Corp. Ltd.
- Hitachi Ltd.
- ITT Inc.
- Kobe Suspensions
- LEACREE (Chengdu) Co. Ltd.
- NGK Spark Plug Co. Ltd.
- Showa Corp.
- Tenneco Inc.
- thyssenkrupp AG
- ZF Friedrichshafen AG.
Note: Product cover images may vary from those shown
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