Market Overview:
The global heavy-duty shock absorber market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for heavy-duty shock absorbers from various end-use industries, such as metalworking, factory automation, material handling & packaging, pharmaceuticals & medicals and others. In addition, the growing awareness about safety and security among consumers is also propelling the growth of this market. Some of the major players operating in this market are Bosch Rexroth AG (Germany), Eaton Corporation Plc (Ireland), KYB Corporation (Japan) and ZF Friedrichshafen AG (Germany).
Product Definition:
A heavy-duty shock absorber is a device that helps reduce the impact of bumps and shocks on a vehicle. It does this by absorbing some of the energy created by the impact, which prevents it from being transferred to the vehicle itself. This can help improve both safety and comfort while driving.
Adjustable Shock Absorber:
An adjustable shock absorber is a device that is used to control and reduce the shocks that are applied to an automobile body during collision or bump. It works by absorbing some of the energy in the form of hydraulic pressure, springs, or electromagnetic damping. The main function of an ABS system is to protect passengers and reduce their injuries in case of a car crash.
Non-adjustable Shock Absorber:
A non-adjustable shock absorber is a device that reduces the impact of shocks in an hydraulic system. It works by compressing and expanding rubber or other material mounted between two plates, which are connected by a flexible hose. The most common application of non-adjustable shock absorbers is found in heavy-duty shock absorbers used to reduce vibrations and shocks from road surfaces.
Application Insights:
The metalworking application segment led the market and accounted for more than 30.0% share of the global revenue in 2017. The growth can be attributed to an increase in demand for heavy-duty shocks absorbers from various industries, including automotive, aerospace and defense, machine tools, etc. These devices help control vibrations more efficiently by damping them out; this is beneficial to machines operating on a heavy-duty cycle as it reduces wear & tear on machinery components and also helps extend their lifespan.
The material handling & packaging segment is anticipated to register the highest CAGR over the forecast period owing to factors such as increasing consumer preference for packaged food products across the globe; rapid growth of e-commerce industry; rising trade between countries resulting in increased imports and exports of goods; growing pharmaceutical industry especially in Asia Pacific region due to technological advancements coupled with high population densities which have resulted in reduced living space per capita compared to North America or Europe regions thus fueling product demand there.; etc.
Regional Analysis:
Asia Pacific dominated the global heavy-duty shock absorber market in 2017. The region is expected to witness significant growth over the forecast period owing to increasing investments in industrial automation and rising demand for heavy-duty trucks from developing countries such as China, India, and Japan. Moreover, growing metal processing industries are projected to drive product demand further.
The European market was valued at USD X million in 2017 and is anticipated to grow at a CAGR of XX% over the forecast period on account of stringent regulations regarding road safety coupled with increasing adoption of driverless trucks across this region. In addition, favorable government initiatives aimed at deploying automated manufacturing facilities are likely to propel industry growth over the coming years.
Growth Factors:
- Increasing demand for heavy-duty vehicles: The growth of the heavy-duty shock absorber market is directly linked to the growth of the heavy-duty vehicle market. As economies grow, and more people move to cities, there is an increasing demand for goods transportation, which in turn drives the need for more efficient and reliable heavy-duty vehicles. This will create opportunities for players in the heavy-duty shock absorber market.
- Technological advancements: With technological advancements comes better design and performance of shock absorbers, which will help increase their adoption in various applications such as construction equipment, mining trucks etc. This will provide opportunities for players in the Heavy Duty Shock Absorber Market to capitalize on new markets and expand their customer base.
Scope Of The Report
Report Attributes
Report Details
Report Title
Heavy-duty Shock Absorber Market Research Report
By Type
Adjustable Shock Absorber, Non-adjustable Shock Absorber
By Application
Metalworking, Factory Automation, Material Handling & Packaging, Pharmaceutical & Medical, Others
By Companies
Parker, ITT Enidine, ACE Controls, AVENTICS, Weforma, Zimmer Group, Taylor Devices, Modern Industries, Hänchen, Wuxi BCD, Parker
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
202
Number of Tables & Figures
142
Customization Available
Yes, the report can be customized as per your need.
Global Heavy-duty Shock Absorber Market Report Segments:
The global Heavy-duty Shock Absorber market is segmented on the basis of:
Types
Adjustable Shock Absorber, Non-adjustable Shock Absorber
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Metalworking, Factory Automation, Material Handling & Packaging, Pharmaceutical & Medical, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Parker
- ITT Enidine
- ACE Controls
- AVENTICS
- Weforma
- Zimmer Group
- Taylor Devices
- Modern Industries
- Hänchen
- Wuxi BCD
- Parker
Highlights of The Heavy-duty Shock Absorber Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Adjustable Shock Absorber
- Non-adjustable Shock Absorber
- By Application:
- Metalworking
- Factory Automation
- Material Handling & Packaging
- Pharmaceutical & Medical
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Heavy-duty Shock Absorber Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Heavy-duty shock absorbers are designed to provide more protection against shocks than standard shock absorbers. They may be made from a variety of materials, including metal and rubber, and are often equipped with springs or other mechanisms that help reduce the impact of shocks.
Some of the major companies in the heavy-duty shock absorber market are Parker, ITT Enidine, ACE Controls, AVENTICS, Weforma, Zimmer Group, Taylor Devices, Modern Industries, H¤nchen, Wuxi BCD, Parker.
The heavy-duty shock absorber market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Heavy-duty Shock Absorber Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Heavy-duty Shock Absorber Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Heavy-duty Shock Absorber Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Heavy-duty Shock Absorber Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Heavy-duty Shock Absorber Market Size & Forecast, 2020-2028
4.5.1 Heavy-duty Shock Absorber Market Size and Y-o-Y Growth
4.5.2 Heavy-duty Shock Absorber Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Adjustable Shock Absorber
5.2.2 Non-adjustable Shock Absorber
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Metalworking
6.2.2 Factory Automation
6.2.3 Material Handling & Packaging
6.2.4 Pharmaceutical & Medical
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Heavy-duty Shock Absorber Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Heavy-duty Shock Absorber Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Adjustable Shock Absorber
9.6.2 Non-adjustable Shock Absorber
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Metalworking
9.10.2 Factory Automation
9.10.3 Material Handling & Packaging
9.10.4 Pharmaceutical & Medical
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Adjustable Shock Absorber
10.6.2 Non-adjustable Shock Absorber
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Metalworking
10.10.2 Factory Automation
10.10.3 Material Handling & Packaging
10.10.4 Pharmaceutical & Medical
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Adjustable Shock Absorber
11.6.2 Non-adjustable Shock Absorber
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Metalworking
11.10.2 Factory Automation
11.10.3 Material Handling & Packaging
11.10.4 Pharmaceutical & Medical
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Adjustable Shock Absorber
12.6.2 Non-adjustable Shock Absorber
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Metalworking
12.10.2 Factory Automation
12.10.3 Material Handling & Packaging
12.10.4 Pharmaceutical & Medical
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Adjustable Shock Absorber
13.6.2 Non-adjustable Shock Absorber
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Metalworking
13.10.2 Factory Automation
13.10.3 Material Handling & Packaging
13.10.4 Pharmaceutical & Medical
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Heavy-duty Shock Absorber Market: Competitive Dashboard
14.2 Global Heavy-duty Shock Absorber Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Parker
14.3.2 ITT Enidine
14.3.3 ACE Controls
14.3.4 AVENTICS
14.3.5 Weforma
14.3.6 Zimmer Group
14.3.7 Taylor Devices
14.3.8 Modern Industries
14.3.9 Hänchen
14.3.10 Wuxi BCD
14.3.11 Parker
