LONDON--(BUSINESS WIRE)--Technavio has been monitoring the automotive aftermarket shock absorbers 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. Download a Free Sample Report on COVID-19
Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the automotive aftermarket shock absorbers. The market growth in 2020 is likely to Increase compared to the market growth in 2019.
Frequently Asked Questions:
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What are the major trends in the market?
The shift toward alternative lightweight materials is a major trend driving the growth of the market. -
At what rate is the market projected to grow?
The market will accelerate at a CAGR of over 4 % and the incremental growth of the market is anticipated to be $ 2.12 bn. -
Who are the top players in the market?
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. -
What is the key market driver?
The sales of luxury and premium vehicles one of the major factors driving the market. -
How big is the APAC market?
The APAC region will contribute 54% of the market share.
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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. In a bid to help players strengthen their market foothold, this automotive aftermarket shock absorbers forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Automotive Aftermarket Shock Absorbers 2020-2024: Segmentation
Automotive Aftermarket Shock Absorbers is segmented as below:
-
Type
- Passenger Vehicles
- Commercial Vehicles
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Geography
- APAC
- North America
- South America
- Europe
- MEA
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR40186
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 the shift toward alternative lightweight materials as one of the prime reasons driving the automotive aftermarket shock absorbers 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 absorbers vendors
Table of Contents:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
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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