April 4, 2020

Automotive Gas Charged Shock Absorbers Market (6.0% CAGR) 2019 to 2027: Global Industry Size, Share, Growth, Trends and Forecast

According to a new market research report published by Credence Research “Global Automotive Gas Charged Shock Absorbers Market – Growth, Future Prospects and Competitive Analysis,2019 – 2027”, the global market for charged automotive gas shock absorbers was valued at US$ 3.06 billion in 2018 and is set to grow with a CAGR of 6.0 per cent over the forecast period.

Market Insights

The global market for automotive gas-charged shock absorbers is driven by technological advancement and a growing need for safe and comfortable driving in rough terrain. In addition, the increasing demand for vehicles worldwide and the increasing demand for electric vehicles are also boosting the growth of the market. In addition, various companies are developing new Automotive Gas Charged Shock Absorbers, a technology designed to improve vehicle efficiency and performance. In 2018, Tenneco Inc., one of the leading suppliers of alternative equipment, launched theCVSA2 suspension technology for Mercedes-Benz G-Class SUVs with the aim of increasing its presence in the SUV segment.

Browse the full report at https://www.credenceresearch.com/report/automotive-gas-charged-shock-absorbers-market

Based vehicle type, the automotive gas charged shock absorbers market has been segmented as passenger car, LCV, HCV, and two wheelers. The passenger car segment holds the largest market share in 2018 and is also expected to hold the largest market share during the forecast period. The passenger car segment is adopting more twin tube automotive gas charged shock absorbers due to increasing demand of drivers for amazing comfort level and driving experience.

Asia-Pacific is expected to be the fastest growing market due to the presence of China, Japan, India, South Korea, and other developed and developing countries in the region. In addition, China is one of the world’s largest car manufacturers, which also contributes to the growth of the market. Japan has a well-established automotive market due to the presence of companies such as Toyota Motor Corporation, Nissan Motor Co., Ltd., Honda Motor Company, Ltd. and others that are also driving the market in the region. India is considered to be the fastest growing country in the region due to the increasing development and demand for vehicles.

Some of the prominent players operating in the Automotive Gas Charged Shock Absorbers market include ZF Friedrichshafen AG, Samvardhana Motherson Group (SMG), Magneti Marelli S.p.A., Hitachi Automotive Systems Ltd., ITT Corporation, Gabriel India Limited, Showa Corporation, KYB Corp., Arnott Inc., ACDelco Inc., Tenneco Inc., Meritor, Inc., Zhejiang Sensen Auto Parts Co., Ltd., Thyssenkrupp AG, among others.

Credence Research is providing Free Sample Get it here: https://www.credenceresearch.com/sample-request/59812

Report Scope by Segments

By Sales Channel Segment

  • OEM
  • Aftermarket

By Design Type Segment

  • Twin-tube shock
  • Monotube shock

By Vehicle Type

  • Passenger Car
  • LCV
  • HCV
  • Two Wheelers

By Geography Segment

  • North America (U.S., Rest of North America)
  • Europe (U.K., Germany, France, Rest of Europe)
  • Asia Pacific (China, Japan, India, Rest of Asia Pacific)
  • Rest of the World (Middle East & Africa, Latin America)

Credence Research is providing Free Sample Get it here: https://www.credenceresearch.com/sample-request/59812

 

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