Technavio has been monitoring the automotive aftermarket shock absorber and it is poised to grow by USD 2.12 bn during 2020-2024, progressing at a CAGR of over 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Automotive Aftermarket Shock Absorbers Market 2020-2024 (Graphic: Business Wire)
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. ADD Industry (Zhejiang) Corp. Ltd., Hitachi Ltd., ITT Inc., Kobe Suspensions, LEACREE (Chengdu) Co. Ltd., NGK Spark Plug Co. Ltd., Showa Corp., Tenneco Inc., thyssenkrupp AG, and ZF Friedrichshafen AG are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Sales of luxury and premium vehicles has been instrumental in driving the growth of the market.
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Automotive Aftermarket Shock Absorbers 2020-2024: Segmentation
Automotive Aftermarket Shock Absorbers is segmented as below:
- Type
- Passenger Vehicles
- Commercial Vehicles
- Geography
- APAC
- North America
- South America
- Europe
- MEA
Automotive Aftermarket Shock Absorbers 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The automotive aftermarket shock absorbers report covers the following areas:
- Automotive Aftermarket Shock Absorbers Size
- Automotive Aftermarket Shock Absorbers Trends
- Automotive Aftermarket Shock Absorbers Industry Analysis
This study identifies manufacturers' shift toward alternative lightweight materials as one of the prime reasons driving the automotive aftermarket shock absorber growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.
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Automotive Aftermarket Shock Absorbers 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist automotive aftermarket shock absorbers growth during the next five years
- Estimation of the automotive aftermarket shock absorbers size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the automotive aftermarket shock absorbers
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of automotive aftermarket shock absorber vendors
Table of Contents:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
- Preface
- Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Value chain analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2019
- Market Outlook
- Market size and forecast 2019-2024
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY VEHICLE TYPE
- Market segmentation by vehicle type
- Comparison by vehicle type
- Passenger vehicles Market size and forecast 2019-2024
- Commercial vehicles Market size and forecast 2019-2024
- Market opportunity by vehicle type
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- APAC Market size and forecast 2019-2024
- Europe Market size and forecast 2019-2024
- North America Market size and forecast 2019-2024
- South America Market size and forecast 2019-2024
- MEA Market size and forecast 2019-2024
- Key leading countries
- Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 11: MARKET TRENDS
- Auto component manufacturers shift towards selective alliances
- Emergence of additive manufacturing
- Manufacturers' shift toward alternative lightweight materials
PART 12: VENDOR LANDSCAPE
- Overview
- Landscape disruption
- Competitive scenario
PART 13: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- ADD Industry (Zhejiang) Corp. Ltd.
- Hitachi Ltd.
- ITT Inc.
- Kobe Suspensions
- LEACREE (Chengdu) Co. Ltd.
- NGK Spark Plug Co. Ltd.
- Showa Corp.
- Tenneco Inc.
- thyssenkrupp AG
- ZF Friedrichshafen AG
PART 14: APPENDIX
- Research methodology
- List of abbreviations
- Definition of market positioning of vendors
PART 15: EXPLORE TECHNAVIO
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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