Market Overview:
The global hydraulic shock damper 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 adjustable shock absorbers in metalworking, factory automation, material handling & packaging, and pharmaceutical & medical applications. Additionally, the growing demand for hydraulic shock dampers in Asia Pacific and Middle East & Africa is also contributing to the growth of this market.
Product Definition:
A hydraulic shock damper is a device used to absorb the energy of an impact. It is often used in conjunction with a spring to provide a cushion for the impact. The importance of hydraulic shock dampers is that they help to protect people and equipment from damage caused by impacts.
Adjustable Shock Absorber:
An adjustable shock absorber is a device that reduces or eliminates bounce in hydraulic systems. They are used to control the oscillation created when a force is applied to the system. The main function of an ABS unit is to dampen the vibrations and reduce shocks throughout an automobile's drivetrain, thereby increasing its longevity and efficiency.
Non-adjustable Shock Absorber:
Non-adjustable shock absorber is a device that is used to reduce the oscillation or vibration in a machine. It works by compressing and expanding an air spring which helps dampen the vibrations. The non-adjustable type of shock absorber consists of two main parts, namely, mounted bladder and free floating piston.
Application Insights:
The metalworking segment accounted for the largest share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to extensive usage of hydraulic shock absorbers in various applications, such as material handling, heavy machinery movement & palletizing, automated production lines and continuous mining operations.
The rising demand for metals across the globe has resulted in an increased number of industrial activities that involve considerable use of these materials. This trend is expected to continue over the next few years due to growing investments by governments across countries worldwide toward promoting manufacturing sectors that utilize manual labor or light-duty machinery operation only. These factors are anticipated to drive product demand from metalworking applications during the forecast period.
Hydraulic shock absorbers are used extensively in automotive manufacturing facilities since they provide smooth ride quality while transporting vehicles on rough roads and highways without causing any damage or wear&tear on vehicle components like tires, rims.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, including China, India, and Indonesia. Increasing industrialization coupled with growing investments in automation technology has led to an increased demand for hydraulic shock absorbers across various industries in Asia Pacific.
The metalworking industry is one of the major sectors that extensively use hydraulic tools and equipment for production processes including drilling, milling, shaping operations on a large scale. Shale gas exploration activities are also carried out using similar equipment types by companies such as Schlumberger Limited in Russia; this activity has positively impacted regional product demand over the past few years owing to increasing oil & gas E&P activities across countries such as Russia and Brazil.
Growth Factors:
- Increasing demand for hydraulic shock dampers in the automotive industry as a result of the increasing production of passenger cars and commercial vehicles
- Growing demand for hydraulic shock dampers from the construction and mining sectors due to the increasing infrastructure development activities and rising mineral exploration and extraction activities
- Rising popularity of off-road vehicles, which require high-quality hydraulic shock dampers for improved performance
- Increasing use of hydraulic shock dampers in agricultural equipment to improve soil tillage operations
- Technological advancements that have led to the development of new types of hydraulic shock absorbers with better performance characteristics
Scope Of The Report
Report Attributes
Report Details
Report Title
Hydraulic Shock Damper 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 Hannifin, ITT Enidine, ACE Controls, Zimmer Group, AVENTICS, Weforma, Modern Industries, Hanchen, Koba, Taylor Devices, Parker Hannifin, IZMAC, ZF, Tenneco
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
161
Number of Tables & Figures
113
Customization Available
Yes, the report can be customized as per your need.
Global Hydraulic Shock Damper Market Report Segments:
The global Hydraulic Shock Damper 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 Hannifin
- ITT Enidine
- ACE Controls
- Zimmer Group
- AVENTICS
- Weforma
- Modern Industries
- Hanchen
- Koba
- Taylor Devices
- Parker Hannifin
- IZMAC
- ZF
- Tenneco
Highlights of The Hydraulic Shock Damper 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 Hydraulic Shock Damper 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
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
A hydraulic shock damper is a device that absorbs the energy of an abrupt, sudden change in pressure. This can occur when a vehicle bumps or jumps over an obstacle, for example.
Some of the major players in the hydraulic shock damper market are Parker Hannifin, ITT Enidine, ACE Controls, Zimmer Group, AVENTICS, Weforma, Modern Industries, Hanchen, Koba, Taylor Devices, Parker Hannifin, IZMAC, ZF, Tenneco.
The hydraulic shock damper 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 Hydraulic Shock Damper 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 Hydraulic Shock Damper Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Hydraulic Shock Damper 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 Hydraulic Shock Damper 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 Hydraulic Shock Damper Market Size & Forecast, 2018-2028
4.5.1 Hydraulic Shock Damper Market Size and Y-o-Y Growth
4.5.2 Hydraulic Shock Damper Market Absolute $ Opportunity
Chapter 5 Global Hydraulic Shock Damper 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 Hydraulic Shock Damper 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 Hydraulic Shock Damper 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 Hydraulic Shock Damper 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 Hydraulic Shock Damper 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 Hydraulic Shock Damper 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 Hydraulic Shock Damper Analysis and Forecast
9.1 Introduction
9.2 North America Hydraulic Shock Damper 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 Hydraulic Shock Damper 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 Hydraulic Shock Damper 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 Hydraulic Shock Damper Analysis and Forecast
10.1 Introduction
10.2 Europe Hydraulic Shock Damper 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 Hydraulic Shock Damper 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 Hydraulic Shock Damper 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 Hydraulic Shock Damper Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Hydraulic Shock Damper 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 Hydraulic Shock Damper 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 Hydraulic Shock Damper 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 Hydraulic Shock Damper Analysis and Forecast
12.1 Introduction
12.2 Latin America Hydraulic Shock Damper 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 Hydraulic Shock Damper 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 Hydraulic Shock Damper 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) Hydraulic Shock Damper Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Hydraulic Shock Damper 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) Hydraulic Shock Damper 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) Hydraulic Shock Damper 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 Hydraulic Shock Damper Market: Competitive Dashboard
14.2 Global Hydraulic Shock Damper Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Parker Hannifin
14.3.2 ITT Enidine
14.3.3 ACE Controls
14.3.4 Zimmer Group
14.3.5 AVENTICS
14.3.6 Weforma
14.3.7 Modern Industries
14.3.8 Hanchen
14.3.9 Koba
14.3.10 Taylor Devices
14.3.11 Parker Hannifin
14.3.12 IZMAC
14.3.13 ZF
14.3.14 Tenneco
