Market Overview:
The global hydraulic shock absorbers market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for hydraulic shock absorbers in the automotive and motorcycle industries. In addition, the growing demand for luxury cars and SUVs is also contributing to the growth of this market. The global hydraulic shock absorbers market can be segmented on the basis of type into twin-tube shock absorber and mono-tube shock absorber.
Product Definition:
A hydraulic shock absorber is a device used to absorb the sudden impact of energy created by an object moving up and down. This device is important in vehicles because it helps to keep the passengers comfortable and prevents them from being injured.
Twin-tube Shock Absorber:
The twin-tube shock absorber is a device that consists of two tubes made from different materials, which are joined by a U-shaped structure. The main function of the twin-tube shock absorber is to reduce shocks and vibrations in machines or vehicles. These devices can be used in various applications including suspension systems, engine & transmission units, steering systems and others. Twin tube shock absorbers are available as per customer requirements with either one or two chambers.
Mono-tube Shock Absorber:
Mono-tube shock absorber is a device that is used to reduce the vibrations or shocks in machines. It works by compressing and expanding a flexible, rubber-like substance inside the tube. The mono-tube shock absorber consists of an inner and an outer tube made up of high temperature resistant material such as steel or silicone rubber.
Application Insights:
Automotive was the largest application segment in 2017 and is expected to continue its dominance over the forecast period. The growing importance of shock absorbers in passenger cars as well as light commercial vehicles is anticipated to drive their demand. In addition, increasing sales of SUVs are projected to fuel market growth over the coming years.
The other applications include construction equipment, lawn mowers and snow blowers, agricultural machinery (tractors), heavy-duty trucks, marine (ships), aviation (aircraft) and industrial machinery & equipment. Increasing utilization of hydraulic shock absorbers for cushioning operations in industrial plants along with rising demand from other end-use industries such as mining is expected to propel industry expansion over the coming years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The presence of key automobile manufacturers such as Toyota, Honda, Suzuki, Hyundai and others have resulted in high demand for these products across Asia Pacific region. Furthermore, rising disposable income coupled with growing population has led to an increase in automotive sales across this region which is further anticipated to drive product demand during the forecast period.
The North America regional market accounted for a share of more than 20% of global revenue in 2017 owing to high acceptance from consumers due to increased safety standards set by government organizations like SAE (Society of Automotive Engineers). Moreover, increasing use on account off superior performance comparedto other hydraulic shock absorbers available on the market will propel growth over next eight years.
Europe was estimated at USD X million in 2017.
Growth Factors:
- Increasing demand for hydraulic shock absorbers in the automotive industry as it enhances the ride quality and safety of vehicles.
- Growing popularity of off-road vehicles and SUVs, which require high-performance hydraulic shock absorbers for optimum performance.
- Rising demand from emerging markets such as China and India due to increasing vehicle ownership and rising income levels of consumers.
- Technological advancements in hydraulic shock absorber design and manufacturing that improve their performance, efficiency, and durability.
- Stringent government regulations mandating the use of effective shock absorbers in vehicles to improve safety
Scope Of The Report
Report Attributes
Report Details
Report Title
Hydraulic Shock Absorbers Market Research Report
By Type
Twin-tube Shock Absorber, Mono-tube Shock Absorber
By Application
Automotive, Motorcycle, Others
By Companies
KOBA, KONI (ITT Corporation), SMC, Gabriel, KYB, Tsubakimoto Group, ACE Control, Hitachi, Tenneco, Showa, Bilstein, Anand, Mando, Magneti Marelli, Yaoyong Shock, Faw-Tokico, Ningjiang Shanchuan, Chongqing Sokon, Chengdu Jiuding
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
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Hydraulic Shock Absorbers Market Report Segments:
The global Hydraulic Shock Absorbers market is segmented on the basis of:
Types
Twin-tube Shock Absorber, Mono-tube 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
Automotive, 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:
- KOBA
- KONI (ITT Corporation)
- SMC
- Gabriel
- KYB
- Tsubakimoto Group
- ACE Control
- Hitachi
- Tenneco
- Showa
- Bilstein
- Anand
- Mando
- Magneti Marelli
- Yaoyong Shock
- Faw-Tokico
- Ningjiang Shanchuan
- Chongqing Sokon
- Chengdu Jiuding
Highlights of The Hydraulic Shock Absorbers 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:
- Twin-tube Shock Absorber
- Mono-tube Shock Absorber
- By Application:
- Automotive
- 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 Hydraulic Shock Absorbers 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.
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- Correctly Positioning New Products
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- Consumer Insights
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- 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?
Hydraulic shock absorbers are devices that use hydraulic fluid to dampen the impact of a collision or sudden movement. The fluid is pressurized and stored in an oil tank. When the device is activated, it releases the pressure quickly and evenly throughout its length. This helps to reduce the severity of the impact, preventing damage to both vehicles.
Some of the key players operating in the hydraulic shock absorbers market are KOBA, KONI (ITT Corporation), SMC, Gabriel, KYB, Tsubakimoto Group, ACE Control, Hitachi, Tenneco, Showa, Bilstein, Anand, Mando, Magneti Marelli, Yaoyong Shock, Faw-Tokico, Ningjiang Shanchuan, Chongqing Sokon, Chengdu Jiuding.
The hydraulic shock absorbers market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Hydraulic Shock Absorbers Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Hydraulic Shock Absorbers Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Hydraulic Shock Absorbers Market - Supply Chain
4.5. Global Hydraulic Shock Absorbers Market Forecast
4.5.1. Hydraulic Shock Absorbers Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Hydraulic Shock Absorbers Market Size (000 Units) and Y-o-Y Growth
4.5.3. Hydraulic Shock Absorbers Market Absolute $ Opportunity
5. Global Hydraulic Shock Absorbers Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Hydraulic Shock Absorbers Market Size and Volume Forecast by Type
5.3.1. Twin-tube Shock Absorber
5.3.2. Mono-tube Shock Absorber
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Hydraulic Shock Absorbers Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Hydraulic Shock Absorbers Market Size and Volume Forecast by Application
6.3.1. Automotive
6.3.2. Motorcycle
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Hydraulic Shock Absorbers Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Hydraulic Shock Absorbers Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Hydraulic Shock Absorbers Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Hydraulic Shock Absorbers Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Hydraulic Shock Absorbers Demand Share Forecast, 2019-2026
9. North America Hydraulic Shock Absorbers Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Hydraulic Shock Absorbers Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Hydraulic Shock Absorbers Market Size and Volume Forecast by Application
9.4.1. Automotive
9.4.2. Motorcycle
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Hydraulic Shock Absorbers Market Size and Volume Forecast by Type
9.7.1. Twin-tube Shock Absorber
9.7.2. Mono-tube Shock Absorber
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Hydraulic Shock Absorbers Demand Share Forecast, 2019-2026
10. Latin America Hydraulic Shock Absorbers Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Hydraulic Shock Absorbers Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Hydraulic Shock Absorbers Market Size and Volume Forecast by Application
10.4.1. Automotive
10.4.2. Motorcycle
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Hydraulic Shock Absorbers Market Size and Volume Forecast by Type
10.7.1. Twin-tube Shock Absorber
10.7.2. Mono-tube Shock Absorber
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Hydraulic Shock Absorbers Demand Share Forecast, 2019-2026
11. Europe Hydraulic Shock Absorbers Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Hydraulic Shock Absorbers Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Hydraulic Shock Absorbers Market Size and Volume Forecast by Application
11.4.1. Automotive
11.4.2. Motorcycle
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Hydraulic Shock Absorbers Market Size and Volume Forecast by Type
11.7.1. Twin-tube Shock Absorber
11.7.2. Mono-tube Shock Absorber
11.8. Basis Point Share (BPS) Analysis y Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Hydraulic Shock Absorbers Demand Share, 2019-2026
12. Asia Pacific Hydraulic Shock Absorbers Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Hydraulic Shock Absorbers Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Hydraulic Shock Absorbers Market Size and Volume Forecast by Application
12.4.1. Automotive
12.4.2. Motorcycle
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Hydraulic Shock Absorbers Market Size and Volume Forecast by Type
12.7.1. Twin-tube Shock Absorber
12.7.2. Mono-tube Shock Absorber
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Hydraulic Shock Absorbers Demand Share, 2019-2026
13. Middle East & Africa Hydraulic Shock Absorbers Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Hydraulic Shock Absorbers Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Hydraulic Shock Absorbers Market Size and Volume Forecast by Application
13.4.1. Automotive
13.4.2. Motorcycle
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Hydraulic Shock Absorbers Market Size and Volume Forecast by Type
13.7.1. Twin-tube Shock Absorber
13.7.2. Mono-tube Shock Absorber
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Hydraulic Shock Absorbers Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Hydraulic Shock Absorbers Market: Market Share Analysis
14.2. Hydraulic Shock Absorbers Distributors and Customers
14.3. Hydraulic Shock Absorbers Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. KOBA
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. KONI (ITT Corporation)
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. SMC
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Gabriel
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. KYB
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Tsubakimoto Group
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. ACE Control
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Hitachi
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Tenneco
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Showa
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Bilstein
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Anand
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Mando
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Magneti Marelli
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Yaoyong Shock
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Faw-Tokico
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Ningjiang Shanchuan
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Chongqing Sokon
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Chengdu Jiuding
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
