Global Automotive Aftermarket Shock Absorbers 2020-2024 |Sales of Luxury and Premium Vehicles to Boost Growth | Technavio

LONDON--()--Technavio has been monitoring the global automotive aftermarket shock absorbers and it is poised to grow by USD 2.12 billion 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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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. The sales of luxury and premium vehicles will offer immense growth opportunities. 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.

The sales of luxury and premium vehicles has been instrumental in driving the growth of the market.

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

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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. Our 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 the shift of manufacturers to alternative lightweight materials as one of the prime reasons driving the automotive aftermarket shock absorbers growth during the next few years.

Automotive Aftermarket Shock Absorbers 2020-2024 : Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the Automotive Aftermarket Shock Absorbers, including some of the vendors such as 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. Backed with competitive intelligence and benchmarking, our research reports on the Automotive Aftermarket Shock Absorbers are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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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 absorbers vendors

Table Of Contents :

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

■ 2.1 Preface

■ 2.2 Preface

■ 2.3 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

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Release Summary

The Global Automotive Aftermarket Shock Absorbers Market will grow by $ 2.12 bn during 2020-2024

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/