Automotive Shock Absorbers

Automotive Shock Absorbers

Global Automotive Shock Absorbers Market to Reach $71.9 Billion by 2027

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 aCAGR of 2.3% over the period 2020-2027. Hydraulic, one of the segments analyzed in the report, is projected to record 2% CAGR and 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.

The U.S. Market is Estimated at $16.6 Billion, While China is Forecast to Grow at 4.4% CAGR

The Automotive Shock Absorbers market in the U.S. is estimated at US$16.6 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$14.1 Billion by the year 2027 trailing a CAGR of 4.3% over the analysis period 2020 to 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.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.

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