Market Overview:
The global vehicle shock absorber market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X%. The growth of the global vehicle shock absorber market can be attributed to the increasing demand for passenger vehicles and commercial vehicles. Additionally, the increasing demand for electric vehicles is also expected to fuel the growth of the global vehicle shock absorber market during the forecast period. On basis of type, car shock absorbers are anticipated to account for a major share in terms of revenue in 2018 and are expected to maintain its dominance throughout 2030.
Product Definition:
A vehicle shock absorber is a device designed to smooth the ride of a moving object, typically a vehicle. It does this by converting the kinetic energy of the moving object into heat, which is then dissipated away from the object.
Car Shock Absorber:
Car shock absorber is a device that is used to reduce the impact of bumps in the road. It works by compressing air springs which are located at the front and rear ends of a car. The compressed air then travels through tubes to deliver an initial jolt to stop or slow down vehicles, especially those with heavy bumpers such as trucks and buses.
Electric Vehicle Shock Absorber:
Electric vehicle shock absorber is a device that is used to reduce the impact of high voltage electric shocks. It works by converting the energy of the electric current into heat. The heat generated by this device prevents vehicles from sudden temperature changes, which could cause it to crack or fracture and thereby prevent any leakage of electricity.
Application Insights:
The commercial vehicle segment led the global vehicle shock absorber market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for trucks, buses, coaches and other such vehicles in developing countries including India, China and Brazil. In addition, stringent regulations regarding passenger safety are expected to drive product demand in commercial vehicles over the coming years.
Passenger vehicle segment accounted for more than 50% share of the global revenue in 2017 owing to high product penetration across various makes & models of cars and SUVs globally as standard equipment. Rising disposable income levels coupled with growing purchasing power parity across major economies worldwide has resulted in increased sales of passenger vehicles especially luxury brands like Mercedes Benz which is further anticipated to boost industry growth over the coming years positively impacting overall market size by 2030 ¢â‚¬â€œ 2030%.
Regional Analysis:
Asia Pacific dominated the global vehicle shock absorbers market in 2017. The region is expected to witness significant growth over the forecast period owing to increasing sales of vehicles with improved safety features. Furthermore, rising disposable income and population will also contribute towards market growth in this region.
The European regional market held a share of around 25% in terms of revenue as of 2017 and is anticipated to grow at a moderate pace over the forecast period due to economic slowdown and stringent regulations regarding road safety standards by ETSI, UNECE, etc., which has led to an increase in emphasis on development of new technologies for improvement in automotive industry across Europe.
Growth Factors:
- Increasing demand for luxury and comfort vehicles
- Growing automotive industry in developing countries
- Rising disposable income of consumers in developing countries
- Technological advancements in shock absorber design and manufacturing process
- Stringent government regulations for safety of passengers and drivers
Scope Of The Report
Report Attributes
Report Details
Report Title
Vehicle Shock Absorber Market Research Report
By Type
Car Shock Absorber, Electric Vehicle Shock Absorber, Motorcycle Shock Absorber, Others
By Application
Commercial Vehicle, Passenger Vehicle, Electric Vehicle, Motorcycle, Others
By Companies
ZF, TENNECO, KYB Corporation, Hitachi Automotive Systems, Showa, Mando, Magneti Marelli, Bilstein, Faw-Tokico, EXEDY Corporation, Zhejiang Mingzhen Industrial, Yaoyong Shock, Chongqing Sokon, Ningjiang Shanchuan, Sichuan Chuannan Shock Absorber Group, Jiangsu Bright Star, BWI Group
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
139
Number of Tables & Figures
98
Customization Available
Yes, the report can be customized as per your need.
Global Vehicle Shock Absorber Market Report Segments:
The global Vehicle Shock Absorber market is segmented on the basis of:
Types
Car Shock Absorber, Electric Vehicle Shock Absorber, Motorcycle Shock Absorber, Others
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
Commercial Vehicle, Passenger Vehicle, Electric Vehicle, Motorcycle, 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:
- ZF
- TENNECO
- KYB Corporation
- Hitachi Automotive Systems
- Showa
- Mando
- Magneti Marelli
- Bilstein
- Faw-Tokico
- EXEDY Corporation
- Zhejiang Mingzhen Industrial
- Yaoyong Shock
- Chongqing Sokon
- Ningjiang Shanchuan
- Sichuan Chuannan Shock Absorber Group
- Jiangsu Bright Star
- BWI Group
Highlights of The Vehicle 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:
- Car Shock Absorber
- Electric Vehicle Shock Absorber
- Motorcycle Shock Absorber
- Others
- By Application:
- Commercial Vehicle
- Passenger Vehicle
- Electric Vehicle
- Motorcycle
- 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 Vehicle 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
- 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?
Vehicle shock absorbers are devices that help reduce the impact of a collision by absorbing energy.
Some of the major companies in the vehicle shock absorber market are ZF, TENNECO, KYB Corporation, Hitachi Automotive Systems, Showa, Mando, Magneti Marelli, Bilstein, Faw-Tokico, EXEDY Corporation, Zhejiang Mingzhen Industrial, Yaoyong Shock, Chongqing Sokon, Ningjiang Shanchuan, Sichuan Chuannan Shock Absorber Group, Jiangsu Bright Star, BWI Group.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Vehicle 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 Vehicle Shock Absorber Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Vehicle 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 Vehicle 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 Vehicle Shock Absorber Market Size & Forecast, 2020-2028
4.5.1 Vehicle Shock Absorber Market Size and Y-o-Y Growth
4.5.2 Vehicle 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 Car Shock Absorber
5.2.2 Electric Vehicle Shock Absorber
5.2.3 Motorcycle Shock Absorber
5.2.4 Others
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 Commercial Vehicle
6.2.2 Passenger Vehicle
6.2.3 Electric Vehicle
6.2.4 Motorcycle
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Vehicle 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 Vehicle 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 Car Shock Absorber
9.6.2 Electric Vehicle Shock Absorber
9.6.3 Motorcycle Shock Absorber
9.6.4 Others
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 Commercial Vehicle
9.10.2 Passenger Vehicle
9.10.3 Electric Vehicle
9.10.4 Motorcycle
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 Car Shock Absorber
10.6.2 Electric Vehicle Shock Absorber
10.6.3 Motorcycle Shock Absorber
10.6.4 Others
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 Commercial Vehicle
10.10.2 Passenger Vehicle
10.10.3 Electric Vehicle
10.10.4 Motorcycle
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 Car Shock Absorber
11.6.2 Electric Vehicle Shock Absorber
11.6.3 Motorcycle Shock Absorber
11.6.4 Others
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 Commercial Vehicle
11.10.2 Passenger Vehicle
11.10.3 Electric Vehicle
11.10.4 Motorcycle
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 Car Shock Absorber
12.6.2 Electric Vehicle Shock Absorber
12.6.3 Motorcycle Shock Absorber
12.6.4 Others
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 Commercial Vehicle
12.10.2 Passenger Vehicle
12.10.3 Electric Vehicle
12.10.4 Motorcycle
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 Car Shock Absorber
13.6.2 Electric Vehicle Shock Absorber
13.6.3 Motorcycle Shock Absorber
13.6.4 Others
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 Commercial Vehicle
13.10.2 Passenger Vehicle
13.10.3 Electric Vehicle
13.10.4 Motorcycle
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 Vehicle Shock Absorber Market: Competitive Dashboard
14.2 Global Vehicle Shock Absorber Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ZF
14.3.2 TENNECO
14.3.3 KYB Corporation
14.3.4 Hitachi Automotive Systems
14.3.5 Showa
14.3.6 Mando
14.3.7 Magneti Marelli
14.3.8 Bilstein
14.3.9 Faw-Tokico
14.3.10 EXEDY Corporation
14.3.11 Zhejiang Mingzhen Industrial
14.3.12 Yaoyong Shock
14.3.13 Chongqing Sokon
14.3.14 Ningjiang Shanchuan
14.3.15 Sichuan Chuannan Shock Absorber Group
14.3.16 Jiangsu Bright Star
14.3.17 BWI Group
