The Business Research Company’s Automotive Shock Absorber Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Automotive Shock Absorber Global Market Report 2023 evaluates automotive shock absorber market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Request A Free Sample Of The Report (Includes Graphs And Tables):
https://www.thebusinessresearchcompany.com/sample_request?id=12460&type=smp
The worldwide automotive shock absorber market is poised for substantial expansion, with an anticipated increase from its 2022 valuation of $13.20 billion to a projected $14.06 billion by the close of 2023. This remarkable growth is underpinned by a robust compound annual growth rate (CAGR) of 6.5%, a testament to the industry’s resilience in the face of challenging global dynamics.
Undeniably, the Russia-Ukraine conflict has emerged as a formidable disruptor to global economic recovery post the COVID-19 pandemic. The fallout has triggered far-reaching economic sanctions against multiple nations, an unprecedented surge in commodity prices, and widespread supply chain disruptions. Consequently, these adverse developments have given rise to inflationary pressures across the spectrum of goods and services, exerting a discernible impact on various sectors across the world.
Nevertheless, the automotive shock absorber market remains steadfast, poised to ascend to $17.41 billion by 2027, characterized by a slightly moderated yet commendable CAGR of 5.5%. This underscores the industry’s adaptability and enduring potential amid the prevailing global challenges.
The burgeoning demand for automobiles is poised to be a driving force in the continued expansion of the automotive shock absorber market in the foreseeable future. Within the realm of vehicular transport, automobiles, often colloquially referred to as cars or vehicles, are distinguished as self-propelled wheeled conveyances specifically engineered for on-road transportation. Central to the optimal functioning of these automotive marvels is the integration of shock absorbers, precision-crafted components designed to regulate the suspension’s kinetic dynamics. These ingeniously engineered mechanisms play an instrumental role in ensuring the perpetual connectivity of the automobile’s tires to the ever-evolving topography of the road surface, thereby guaranteeing a smooth, secure, and efficient ride for the occupants.
For instance, in March 2022, according to the European Automobile Manufacturers’ Association (ACEA), the lobbying and standards group for the automobile industry, the sales of passenger cars in the US increased by 5.5% from 2020 to 11.9 million units in 2021. Further, around 6.3 million passenger cars were produced in US auto facilities in 2021, an increase of 3.1% from 2020. Therefore, the demand for automobiles is driving the growth of the automotive shock absorber market.
Get More Information On The Automotive Shock Absorber Market Report:
https://www.thebusinessresearchcompany.com/report/automotive-shock-absorber-global-market-report
The automotive shock absorber market segments in the report are:
1) By Type: Single-Tube Shock Absorbers, Twin-Tube Shock Absorbers
2) By Product Type: Hydraulic Type, Gas-Filled Type
3) By Technology: Air Shock Absorber, Damping Shock Absorber, Active, Semi-Active
4) By Sales Channel: Original Equipment Manufacturer (OEM), Aftermarket
5) By Application: Passenger Car, SUV Truck, Heavy Vehicle, Electric vehicle, Other Applications
The table of contents in TBRC’s automotive shock absorber market report includes:
1. Executive Summary
2. Automotive Shock Absorber Market Characteristics
3. Automotive Shock Absorber Market Trends And Strategies
4. Automotive Shock Absorber Market – Macro Economic Scenario
………….
32. Global Automotive Shock Absorber Market Competitive Benchmarking
33. Global Automotive Shock Absorber Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Automotive Shock Absorber Market
35. Automotive Shock Absorber Market Future Outlook and Potential Analysis
36. Appendix
Learn About Us:
The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
