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AUTOMOTIVE SHOCK ABSORBERS

Global Market Trajectory & Analytics

MCP-2711

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  •  DATE

    JULY 2020

  •  TABLES

    300

  •  PAGES

    391

  •  EDITION

    18

  •  PRICE

    USD $5450

COVID-19 IMPACT SURVEY
Amid the COVID-19 crisis, the global market for Automotive Shock Absorbers estimated at US$61.3 Billion in the year 2020, is projected to reach a revised size of US$71.9 Billion by 2027, growing at a CAGR of 2.3% over the period 2020-2027.Hydraulic, one of the segments analyzed in the report, is projected to grow at a 2% CAGR to reach US$43.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Gas-Filled segment is readjusted to a revised 2.8% CAGR for the next 7-year period. This segment currently accounts for a 37.9% share of the global Automotive Shock Absorbers market.
The Automotive Shock Absorbers market in the U.S. is estimated at US$16.6 Billion in the year 2020. The country currently accounts for a 27.06% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$14.1 Billion in the year 2027 trailing a CAGR of 4.3% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.5% and 1.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1% CAGR while Rest of European market (as defined in the study) will reach US$14.1 Billion by the year 2027.We bring years of research experience to this 18th edition of our report. The 391-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others, 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.
» Product Type (Hydraulic, and Gas-Filled) » Design (Twin Tube, and Mono-Tube) » Vehicle Type (Passenger Cars, Light Commercial Vehicles (LCVs), Heavy Commercial Vehicles, and Two Wheelers)
» World » United States » Canada » Japan » China » Europe » France » Germany » Italy » United Kingdom » Spain » Russia » and Rest of Europe » Asia-Pacific » Australia » India » South Korea » and Rest of Asia-Pacific » Latin America » Argentina » Brazil » Mexico » and Rest of Latin America » Middle East » Iran » Israel » Saudi Arabia » United Arab Emirates » and Rest of Middle East » and Africa

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