DUBLIN--(BUSINESS WIRE)--The "China Automotive Shock Absorber Industry Report, 2018-2022" report has been added to ResearchAndMarkets.com's offering.
The Chinese market demand for automotive shock absorber reached 225 million units in 2017, a year-on-year rise of 7.2%, and is expected to hit 318 million units in 2022 thanks to rapid expansion of the automobile (NEV in particular) market.
OEM market: the demand for automotive shock absorber has much bearing on China's automobile output. The country's car production rose by 3.2% from a year ago to 29.02 million units in 2017 and is expected to reach 34.55 million units in 2022, boosting the demand for automotive shock absorber from 116 million units in 2017 to 138 million units in 2022, presenting a CAGR of 3.6%.
After-sales maintenance market: massive car ownership creates a large after-sales market. An estimated 180 million shock absorbers will be needed in the Chinese automotive aftermarket in 2022.
Enterprise landscape: the key players in the Chinese shock absorber market include sole proprietorships or joint ventures of world-renowned shock absorber firms (ZF, Tenneco, KYB, Mando, SHOWA, ThyssenKrupp, etc.) and local Chinese peers (Nanyang Xijian Auto Shock Absorber, ADD Industry (Zhejiang), Chengdu Jiuding Science & Tech. and BeijingWest Industries, etc.).
Attracted by China's enormous AM demand, global and local Chinese shock absorber producers have quickened their presence in shock absorber market. The Tenneco's new shock absorber project in Changzhou city, which began construction in Sept 2017, will be built at the end of 2018, adding 18 million units/a.
Key Topics Covered:
1 Overview of Automotive Shock Absorber
2 Global and Chinese Automobile Market
3 Chinese Automotive Shock Absorber Market
4 Major Foreign Manufacturers
5 Major Chinese Shock Absorber Manufacturers
- Shanghai Sachs Huizhong Shock Absorber
- ZF Dongfeng Shock Absorber Shiyan
- Wuxi KYB Top Absorber
- Kyb Industrial Machinery (Zhenjiang)
- Changzhou KYB Leadrun Vibration Reduction Technology
- Hitachi Automotive Systems
- Tokico Automotive (Suzhou)
- SHOWA Corporation
- Guangzhou Showa Auto Parts
- Shanghai Showa Auto Parts
- Chengdu Ningjiang Showa Auto Parts
- China First Capital Group
- Chengdu Jiuding Science & Tech. (Group)
- ADD Industry (Zhejiang)
- Chongqing Endurance Zhongyi Shock Absorber
- Shanghai Powered Auto Parts
- Jinzhou Leader Shock Absorber
- Fawer Automotive Parts
- Guangxi Huali Group
- BeijingWest Industries
For more information about this report visit https://www.researchandmarkets.com/research/b9zztg/china_automotive?w=4