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Global Automotive Shocks and Struts Market 2017-2021

Global Automotive Shocks and Struts Market 2017-2021

About Automotive Shocks and Struts

The primary purpose of shock absorbers is to control spring and suspension movement. A strut is a common damper type used in many of today's independent suspension, front wheel drive vehicles, and some rear wheel drive vehicles. The global automotive shocks and struts market is segmented based on applications, namely shock absorbers and struts. We have considered passenger cars for calculating the size of the automotive shocks and struts market.

Technavio’s analysts forecast the global automotive shocks and struts market to grow at a CAGR of 4.34% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global automotive shocks and struts market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Automotive Shocks and Struts Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Tenneco
  • ZF
  • GKN
  • Magneti Marelli
Other prominent vendors
  • MANDO
  • KYB Americas Corporation
Market driver
  • Use of advanced optimization techniques for reducing the weight of suspension components.
  • For a full, detailed list, view our report
Market challenge
  • Growing concerns for increased greenhouse gas emissions from automotive industry.
  • For a full, detailed list, view our report
Market trend
  • Suspension link weight reduction process using advanced optimization techniques.
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Automotive Shocks and Struts Market 2017-2021

Technavio recognizes the following companies as the key players in the global automotive shocks and struts market: Tenneco, ZF, GKN, and Magneti Marelli.

Other Prominent Vendors in the market are: MANDO and KYB Americas Corporation.

Commenting on the report, an analyst from Technavio’s team said: “One trend in market is growing demand for carbon fiber struts. ZF is a major player in the high-end metal systems and suspension components for years. Recently, ZF launched carbon fiber MacPherson suspension strut, an effective way to reduce vehicle weight, improve fuel economy, and lower emission levels. The carbon fiber strut is particularly designed for compact minicars and is expected to appear in the BMW Mega City vehicle, which would largely be composed of carbon fibers.”

According to the report, one driver in market is increasing sales of passenger cars and SUVs. The sales of SUVs and crossovers increased by about 10% in the total passenger car market in the US in 2015. There is a growing preference for crossovers and SUVs in the US due to their increased fuel efficiency and comfort level in the three-row seating arrangement. The structure of SUVs and crossovers is similar, but they are distinct in fuel efficiency and usability. Crossovers are more fuel efficient compared with SUVs, as they are built on car frames and are considerably lightweight. Most American customers prefer space and higher riding profile. Crossovers usually weigh lighter than SUVs as they are built on truck frames, which contributes to a comparatively higher curb weight for the vehicles. The lowering of interest rates on car loans in the US has enabled the Americans to buy larger and more expensive vehicles. Toyota has undertaken manufacturing plans in the US to increase its production of crossovers and SUVs.

Further, the report states that one challenges in market is growing concerns for increased greenhouse gas emissions from automotive industry. Almost all the regions across the world are experiencing climate changes. In recent times, it has become a major concern for all the economies. Greenhouse gases trap heat and make the planet warmer, which has been a major threat to the island countries as they are highly prone to being submerged. Electricity production from the burning of fossil fuels such as coal and natural gas is the major source of greenhouse gases. Around 30% of the total greenhouse gases produced in the US is produced by the electricity production from the fossil fuels. The second major contributor to the greenhouse gases is the automotive industry. Approximately 26% of the total emitted greenhouse gases is from automobiles, which include emissions from cars, trucks, bus, ships, airplanes, and trains.

Companies Mentioned

Tenneco, ZF, GKN, Magneti Marelli, MANDO and KYB Americas Corporation.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Key market highlights
    • Introduction of struts in suspension system
  • Market landscape
    • Market overview
      • Table Overview of global automotive shocks and struts market
    • Market size and forecast
      • Table Global automotive shocks and struts market 2016-2021 (units in millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Global automotive shocks and struts market by application
      • Table Global automotive shocks and struts market by application 2016
    • Global automotive struts market
      • Table Global automotive struts market 2016-2021 (units in millions)
    • Global automotive shocks absorbers market
      • Table Global automotive shock absorbers market 2016-2021 (units in millions)
  • Geographical segmentation
    • Global automotive shocks and struts market by geography
      • Table Global automotive shocks and struts by geography 2016
      • Table Global automotive shocks and struts market by geography 2016-2021 (units in millions)
    • Automotive shocks and struts market in APAC
      • Table Automotive shocks and struts market in APAC 2016-2021 (units in millions)
    • Automotive shocks and struts market in EMEA
      • Table Automotive shocks and struts market in EMEA 2016-2021 (units in millions)
    • Automotive shocks and struts market in Americas
      • Table Automotive shocks and struts market in Americas 2016-2021 (units in millions)
  • Key leading countries
    • Table Key leading countries
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Impact of drivers on key customer segments
      • Table Impact of drivers
    • Market challenges
    • Impact of challenges on key customer segments
      • Table Impact of challenges
  • Market trends
    • Growing demand for carbon fiber struts
    • Suspension links weight reduction process using advanced optimization techniques
    • Growing preference for aluminum forged suspension products
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • GKN
      • Table GKN: Product portfolio
      • Table GKN: Business segmentation by revenue 2015
      • Table GKN: Product segmentation
      • Table GKN: Geographical segmentation by revenue 2015
      • Table GKN: Recent developments
    • Magneti Marelli
      • Table Magneti Marelli: Product overview
      • Table Magneti Marelli: Product portfolio
      • Table Magneti Marelli: Recent developments
    • Tenneco
      • Table Tenneco: Product portfolio
      • Table Business segmentation by revenue 2016
      • Table Tenneco: Geographical segmentation
      • Table Tenneco: Recent developments
    • ZF
      • Table ZF: business segmentation
      • Table ZF: Product portfolio
      • Table ZF: Recent developments
  • Appendix
    • List of abbreviations
  • Explore Technavio

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