Shock absorber or Shock damper is a mechanical or hydraulic device installed in automobiles specifically to absorb and damp shock impulses. It does this by converting the kinetic energy of the shock into another form of energy (typically heat) which is then dissipated. Globally increasing automobile demand and production along with increasing demand for the high comfort level vehicles is expected to remain factor driving the growth of shock absorber market during the period of study. However, adjuster shock absorber market is also expected to face stiff challenge from the adoption of alternatives of shock absorber devices with advanced technologies in majority of its end-use applications during the period of study.
This report identifies the global
Shock absorbers market size in for the year 2018-2013, and forecast of the same for year 2023. It also highlights the potential growth opportunities in the coming years, while also reviewing the market drivers, restraints, growth indicators, challenges, market dynamics, competitive landscape, and other key aspects with respect to Shock absorbers market.
Geographically, Asia-Pacific dominated the Shock absorbers market due to higher demand of the Shock absorbers in the automobile industry which is producing largest number of vehicles across the world. Asia-Pacific was followed by North America and Europe as the second and third largest consumer of Shock absorbers. Asia Pacific is projected to have the fastest growth, owing to rapidly expanding automobile production coupled with increasing demand for the automobiles especially in the major regional economies such as India and China in the region.
This report segments Shock absorbers market on the basis of automobile type and regional market as follows:
- On the basis of type this report on Shock absorbers market is segmented as follows, covering all major segments as follows: Pneumatic Shock Absorber, Hydraulic Shock Absorber
- On the basis of automobile type this report on Shock absorbers market is segmented as follows, covering all major automobile segments as follows: Bikes, Passenger Car, Sports Utility Vehicles, Multi Utility Vehicles, Recreational Vehicles, Bus, Trucks and Others
- This report on Shock absorbers has been further segmented into major regions, which includes detailed analysis of each region such as: North America, Europe, Asia-Pacific (APAC) and Rest of the World (RoW) covering all the major country level markets in each of the region