Automotive Gas Charged Shock Absorbers Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2021 to 2029

Increasing Demand For Safe And Comfort Driving Experience Drives The Automotive Gas Charged Shock Absorbers Market

Globally, the automotive gas charged shock absorbers market was valued at US$ 3.42 Bn in 2020 growing with a CAGR of 6.0% during the forecast period from 2021 to 2029, starting from 2020. Automotive gas charged shock absorbers are defined a sort of hydraulic pump devices, which are used in vehicles to control the effect and rebound movement of vehicle's springs and suspension. These devices or equipment absorbs damp shock impulses leading to increase the drivers comfort and offer seamless controllability.

The main objective of the automotive gas charged shock absorbers is to confirm that the tyres of the vehicles are continuously on the road surface. This enables the user or the driver to be safe with the vehicle control and braking reaction. The adoption for automotive gas charged shock absorbers is growing at a steady pace. The continuous development and implementing new strategies to increase the market by the automotive gas charged shock absorbers manufacturers is driving the market. Additionally, the increasing demand for cars globally is also propelling the growth of the market.

Automotive Gas Charged Shock Absorbers with Twin-tube shock segment in its Design Type Segment Continue Dominating the Market

In 2020, the twin-tube gas charged segment led the market with a larger market share as compared to its monotube counterpart. The twin-tube shock absorbers are preferred as it uses less gas pressure, which prevent the fluid from foaming making it a major factor for the growth of the market. Additionally, the twin-tube shockers are less expensive as compared to monotube shockers since there is no requirement of piston chamber, or a floating piston to separate the gas charge from the oil during the shock.

Europe Dominates the Market by Region

Automotive gas charged shock absorbers market is led by Europe due to the presence of various key players present in the region such as ZF Friedrichshafen AG, Thyssenkrupp AG, Magneti Marelli S.p.A., and others. Moreover, there are various automobile companies, which are working on safety and comfort for the passenger as well as drivers, that leads to the growth of automotive gas charged shock absorber market. Additionally, the presence of various economies in the region such as UK, Germany, France, Italy and others are also contributing in the growth of the market in the region.

Some of the key players operating in the Automotive Gas Charged Shock Absorbers market include ZF Friedrichshafen AG, Samvardhana Motherson Group (SMG), Magneti Marelli S.p.A., Hitachi Automotive Systems Ltd., ITT Corporation, Gabriel India Limited, Showa Corporation, KYB Corp., Arnott Inc., ACDelco Inc., Tenneco Inc., Meritor, Inc., Zhejiang Sensen Auto Parts Co., Ltd., Thyssenkrupp AG, among others.

Historical & Forecast Period

This research report presents the analysis of each segment from 2019 to 2029 considering 2020 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segment calculated for the forecast period from 2021 to 2029.

Key questions answered in this report

• What was the market size of automotive gas charged shock absorbers in 2020 and forecast up to 2029?
• Which is the largest regional market for twin-tube shock in Design Type?
• What are the major trends followed in automotive gas charged shock absorbers market across different regions?
• Who are the key automotive gas charged shock absorbers companies leading the market?
• What are the key strategies adopted by the leading automotive gas charged shock absorbers companies in market?

Unique data points of this report

• Statistics on automotive gas charged shock absorbers penetration and spending worldwide
• Recent trends across different regions in terms of adoption of automotive gas charged shock absorbers for various vehicles
• Notable developments going on in magnetic sensor market
• Attractive investment proposition for segments as well as geography
• Comparative scenario for all the segments for years 2020 (actual) and 2029 (forecast)

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