Global Automotive Shock Absorber Market is valued approximately at USD XX billion in 2018 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2019-2026. Automotive shock absorber is a mechanical or hydraulic device that is used to absorb energy and it prevents the car from bouncing. The main purpose of a shock absorber is to improve the ride for the passenger and to decrease the effect of rough terrain on the vehicle body. They support the vehicle weight and reduce vibrations, providing ride quality and vehicle handling. Furthermore, shock absorbers enhance the drivability and controllability of vehicles, enables consumer comfort and conscious for better riding quality. The increasing number of developments and demand for better shock absorbers, increasing investment and increasing R&D activities are the few factors responsible for high CAGR of the market over the forecast period. Further, rise in disposable income, and technological advancement and product innovations in material and design are likely to impel the demand for Automotive Shock Absorber over the forecast period. However, continuous change in technology in suspension system is the major factor restraining the growth of global Automotive Shock Absorber market during the forecast period.

The regional analysis of global Automotive Shock Absorber Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the significant expansion of the auto industry, continuous increase in sales of passenger vehicles and commercial vehicles and rise in the production plants of vehicle. However, Asia-Pacific is anticipated to exhibit highest growth rate / CAGR over the forecast period of 2019-2026.

Major market player included in this report are:
ZF Friedrichshafen AG (Germany)
KYB Corporation (Japan)
Thyssenkrupp AG (Germany)
Hitachi Automotive Systems Ltd. (Japan)
Tenneco Inc. (US)
Mando Corp (South Korea)
Meritor Inc. (US)
SHOWA Corporation (Japan)
KONI BV (Netherlands)
Gabriel India Ltd. (India)

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Air Shock Absorber
Damper Shock Absorber
others

By Vehicle Type:
Passenger Car
Commercial Vehicle

By Sales Channel:
OEM
Aftermarket


By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026

Target Audience of the Global Automotive Shock Absorber Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors