Rise in Demand for Safety and Comfort in Vehicles Expected to Drive Global Automotive Shock Absorber Market: Ken Research REQUEST FOR SAMPLE REPORT Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Buy Now The automotive shock absorber is a mechanical or the hydraulic device widely used for absorbing the energy and preventing the vehicle from bouncing. The purpose of a shock absorber is to smoothen the ride of the passenger and decrease the overall effect of rough or the hard terrain. Shock absorber supports the vehicle weight and reduces the overall vibrations, providing the quality ride and vehicle handling capacity. Furthermore, the shock absorbers also enhance the drivability & controllability of vehicles, enabling consumers comfort and consciousness for better riding quality. According to study, “Global Automotive Shock Absorber Market to reach USD XX billion by 2026” the key companies operating in the global automotive shock absorber market are Thyssenkrupp AG, ZF Friedrichshafen AG, SHOWA Corporation, Hitachi Automotive Systems Ltd., KYB Corporation, KONI BV, Tenneco Inc., Meritor Inc., Gabriel India Ltd., Mando Corp. Based on type, automotive shock absorber market is segmented as damper shock absorber, air shock absorber, and others. Damper shock absorbers offer various features such as reduction of force capacity by letting out the gas, good adjustable configuration, and easy locking of the position of the dampers. Based on vehicle type, market is segmented as passenger car and commercial vehicle. The commercial vehicle segment holds major share in market owing to rise in demand for pickup trucks and vans for commercial purposes. In addition, based on sales channel, market is segmented as Original equipment manufacturer (OEM) and Aftermarket. The aftermarket segment is projected to witness higher growth due to increase in vehicle production along with rise in demand for premium vehicles during the forecast period. The automotive shock absorber market is driven by increase in number of developments and demand for better shock absorbers, followed by rise in disposable income, stable economic conditions, rise in awareness regarding vehicle comfort and safety among consumers and increase in investment and research & development (R&D) activities. However, continuous change in technology in suspension system may impact the market. Moreover, growth in technological advancement and product innovations in material & design are key opportunities for market. Based on geography, the North-American is the leading region in global automotive shock absorber market owing to significant expansion of the auto industry, increase in trends toward utility vehicles and luxury vehicles in the region. Moreover, the rise in number of mergers & acquisitions, collaborations, and joint ventures further initiated expansion and the regional market players to expand their geographical presence and consequently strengthen their position in the global market. Whereas, the Asian-Pacific and European regions are anticipated to shows higher growth rate due to increase in transportation activities and higher adoption rate of comfort-based components over the forecast period. In near future, it is estimated that the global shock absorber market is further expected to reach rise by a quick pace in resulting in rise in the production plants of vehicle coupled with the increase in sales of passenger and commercial vehicles over the forecast period. For More Information, refer to below link:- Global Automotive Shock Absorber Market Related Report:- Global Automotive Damper and Shock Absorbers Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024 Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249 Tags: Asia Pacific Automotive Shock Absorber Market, Automotive Shock Absorber Industry In Global, Automotive Shock Absorber Market In Global, Brazil Automotive Shock Absorber Market, Canada Automotive Shock Absorber Market, China Automotive Shock Absorber Market, Covid-19 Impact on Global Automotive Shock Absorber Industry, Covid-19 Impact on Global Automotive Shock Absorber Market, Europe Automotive Shock Absorber Market, Gabriel India Ltd. 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