Shock Absorber Market Statistics 2020-2030

The global shock absorber market was valued at $12.52 billion in 2020, and is projected to reach $21.07 billion in 2030, registering a CAGR of 4.7%.

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Shock absorbers are used in cars and light trucks with standard suspension systems. Shock absorbers provide resistance by forcing hydraulic fluid through valves in the piston as it moves up and down, which dampens movement of springs as they compress and rebound during transit. The amount of resistance depends on rate of movement of the suspension. Without shock absorbers, vehicles would bounce continuously, which makes it difficult to control a vehicle. Shock absorbers not only provide a comfortable ride but also ensure contact of tires with the road for better stability and control. 

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Factors such as increase in demand for safety and comfort, expansion of automotive aftermarket industry, and rise in demand for lightweight automotive shock absorbers, which are expected to drive growth of the shock absorber market. However, fluctuation in cost of raw materials and high maintenance cost of advanced suspension systems restrain the market growth. On the contrary technological advancements in shock absorbers and growing electric vehicle industry are projected to offer lucrative growth opportunities for the market players. The market is segmented on the basis of type, sales channel, vehicle type, and region. By type, the market is divided into twin tube and mono tube shock absorber. On the basis of sales channel, it is classified into OEM and aftermarket. On the basis of vehicle type, it is classified into passenger vehicles and commercial vehicles. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key players operating in the global shock absorber market include Gabriel India Limited (Anand Group), Hitachi Astemo Ltd., KONI BV, KYB Corporation, Mando Corp., Marelli Holdings Co., Ltd, Meritor Inc, Tenneco Inc, Thyssenkrupp AG, and ZF Friedrichshafen AG.

Increase In Demand For Safety And Comfort

The demand for comfort in driving experience such as handling, sitting structure, and aerodynamics has increased significantly in recent years. This has led to rise in need for better shock absorbers, which provides better stability for vehicles. Automobile manufacturers are also introducing new comfort features such as stability and reduced impact of bumps or speed breakers in their vehicles, which propels demand for shock absorbers.  For instance, in March 2019, GFG style, a car design company invented a system, which uses hydraulic system and is connected with fully adjustable 3-way adjustable shock absorbers.

Shock absorbers also helps to maintain vertical loads placed on tires by providing resistance to vehicle bounce, roll, and control. They also help reduce brake dive along with acceleration squat to achieve a balanced ride. For instance, in September 2019, KONI Shock Absorbers introduced KONI Sport adjustable shock absorbers for 2016-2019 Mazda MX-5 (ND chassis) offering multiple spring seat and ride height settings, which provides better stability and comfort during driving. Hence, rise in demand for comfort and safety is increasing demand for shock absorbers across the globe.  

Expansion Of The Automotive Aftermarket Industry

The aftermarket for automotive parts is auto components and parts installed after vehicle leaves the company. This industry includes car components, replacement tires, equipment, service repair, collision repair, and accessories sold after the sale of vehicles. It covers companies that manufacture, distribute, retail, install, and remanufacture all types of automobile parts and accessories. Due to technology improvements, digitalization of vehicle repair and component sales has emerged, which has supported growth of the the automotive aftermarket industry.

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Furthermore, automotive aftermarket companies aggressively expand their business to increase their footprints in the global market. For instance, in April 2021, LCI Industries, which is a subsidiary of Lippert Components, Inc. announced acquisition of Kaspar Ranch Hand Equipment, LLC a South Texas based manufacturer of automotive aftermarket products. Similarly, in February 2020, the "Your Car. Your Data. Your Choice." campaign was being established by MotoRad in collaboration with Auto Care Association and Automotive Aftermarket Suppliers Association (AASA). This was established to inform car owners regarding data that their vehicles generate, including critical repair and maintenance data. As a result of this, awareness about periodic vehicle maintenance is increasing significantly, which increases demand for shock absorbers.

Furthermore, growth rate of online parts sales has consistently been increasing year by year. Owing to the coronavirus pandemic, customers are opting for e-commerce channels to purchase automotive spare parts. Companies across the globe have started using online sales channel/e-commerce channel to cater to their clients in the aftermarket. Thus, this pandemic has created growth opportunities for market players in the automotive aftermarket industry, which also supports the shock absorbers market.

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Fluctuation in cost of raw materials 

In shock absorbers many types of raw materials are required such as carbon, silicon, chromium, magnesium, nickel, molybdenum, and lead. The cost of these raw materials is high as compared to plastic shock absorbers. Moreover, plastic shock absorbers are cost-effective, however, also harm the environment and fluctuation of plastic prices in international markets, which is expected to hamper production of shock absorbers. 

Rubber is also used in shock absorbers that provides better support for reduction in bumps or speed breakers. For instance, according to the Federal Reserve Bank of St. Louis, the price of rubber in June 2019 was $ 89.09 per kilogram and in April 2020, it was $ 60.69 per kilogram. While in November 2021, it reached $ 110.15 per kilogram, which hampers production of shock absorbers. In addition, activated carbon is also used in shock absorbers, which offers better stability in off-road vehicles. For instance, according to the world bank organization, the price of carbon is growing year by year, owing to its harmful effects on the environment. Furthermore, more raw materials such as nickel, lead, and magnesium prices are also not stable and fluctuating year by year, which gives negative impact on production of shock absorbers and restrains the shock absorbers market growth.

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Technological Advancements In Shock Absorbers

Surge in need for development and innovation in suspension systems of vehicles is expected to propel growth of the shock absorber market in the upcoming years. Introduction of new and advanced active and semi-active suspension systems improve driver comfort and safety. Furthermore, use of newer and advanced lightweight automotive materials such as electronic controlled components for manufacturing systems to enhance fuel economy and reduce CO2 emissions is anticipated to offer remunerative opportunities for expansion of the market.

Furthermore, companies are manufacturing ECU-based shock absorbers, which works electronically and is adjustable according characteristics of riders to enhance power requirements. For instance, in November 2020, Vibracoustic produced an air springs system, with switchable three-chamber air springs with actively managed shock absorbers, electronic control unit (ECU) consisting of software program, and combination of the system components into whole automobile vehicles, which provides high-quality comfort and improves overall performance of a vehicle. Similarly, in November 2019, ZF company developed frequency selective technology SDC3 (Selective Damping Control), which provides better comfort and better handling with sporty dynamics. Thus, these technological advancements in shock absorbers are expected to create opportunities for the shock absorbers market.

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Covid-19 Impact Analysis 

• The COVID-19 impact on the shock absorber market is unpredictable, and is expected to remain in force for a few years. 
• The COVID-19 outbreak forced governments across the globe to implement stringent lockdown and ban import–export of essential raw material items for most of 2020, and few months in 2021. This led to sudden decline in availability of important raw materials for shock absorbers. 
• As a result of interrupted supply chains and production schedules caused by the COVID-19 pandemic, automotive production and sales suffered severely, which, in turn, negatively impacted the market for shock absorber.
• To prevent spread of the COVID-19 virus, governments across the globe implemented strict lockdowns and made social distancing mandatory. Consequently, several organizations began work from home programs as precautionary measure. This led to a sudden decline in global demand for automobiles

Key Benefits For Stakeholders

• This study presents analytical depiction of the global shock absorber market analysis along with the current trends and future estimations to depict imminent investment pockets.
• The overall shock absorber market opportunity is determined by understanding profitable trends to gain a stronger foothold.
• The report presents information related to key drivers, restraints, and opportunities of the global shock absorber market with a detailed impact analysis.
• The current shock absorber market is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency.
• The Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.

 Key Market Segments

• By Type
  • Twin Tube
  • Mono Tube
• By Sales Channel
  • OEM
  • Aftermarket
• By Vehicle Type
  • Passenger Vehicle
  • Commercial Vehicle
• By Region
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • Russia
    • UK
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa
• By KEY PLAYERS
  • Gabriel India Limited (Anand Group)
  • Hitachi Astemo Ltd.
  • KONI BV
  • KYB Corporation
  • Mando Corp.
  • Marelli Holdings Co., Ltd
  • Meritor Inc
  • Tenneco Inc
  • Thyssenkrupp AG
  • ZF Friedrichshafen AG

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology

1.4.1.Primary research
1.4.2.Secondary research
1.4.3.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Key findings

3.2.1.Top impacting factors
3.2.2.Top investment pockets
3.2.3.Top winning strategies

3.3.Porter’s five forces analysis
3.4.Key player positioning, 2020
3.5.Market dynamics

3.5.1.Drivers

3.5.1.1.Increase in demand for safety and comfort
3.5.1.2.Expansion of the automotive aftermarket industry
3.5.1.3.Rise in demand for lightweight automotive shock absorbers

3.5.2.Restraints

3.5.2.1.Fluctuation in cost of raw materials
3.5.2.2.High maintenance cost of advanced suspension systems

3.5.3.Opportunities

3.5.3.1.Technological advancements in shock absorbers
3.5.3.2.Growing electric vehicle industry

3.6.Impact of COVID-19 on the market

3.6.1.Evolution of outbreaks

3.6.1.1.COVID-19

3.6.2.Micro-economic impact analysis

3.6.2.1.Consumer trend
3.6.2.2.Technology trends
3.6.2.3.Regulatory trend

3.6.3.Macro-economic impact analysis

3.6.3.1.GDP
3.6.3.2.Import/export analysis
3.6.3.3.Employment index

3.6.4.COVID-19 impact analysis

CHAPTER 4:GLOBAL SHOCK ABSORBER MARKET, TYPE

4.1.Overview
4.2.Twin tube

4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast, by region
4.2.3.Market analysis, by country

4.3.Mono tube

4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by region
4.3.3.Market analysis, by country

CHAPTER 5:GLOBAL SHOCK ABSORBER MARKET, BY SALES CHANNEL

5.1.Overview
5.2.OEM

5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by region
5.2.3.Market analysis, by country

5.3.Aftermarket

5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by region
5.3.3.Market analysis, by country

CHAPTER 6:GLOBAL SHOCK ABSORBER MARKET, BY VEHICLE TYPE

6.1.Overview
6.2.Passenger vehicle

6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast, by region
6.2.3.Market analysis, by country

6.3.Commercial vehicle

6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast, by region
6.3.3.Market analysis, by country

CHAPTER 7:GLOBAL SHOCK ABSORBER MARKET, BY REGION

7.1.Overview
7.2.North America

7.2.1.Key market trends, growth factors, and opportunities
7.2.2.Market size and forecast, by Type
7.2.3.Market size and forecast, by sales channel
7.2.4.Market size and forecast, by vehicle type
7.2.5.Market size and forecast, by country

7.2.5.1.U.S.

7.2.5.1.1.Market size and forecast, by Type
7.2.5.1.2.Market size and forecast, by sales channel
7.2.5.1.3.Market size and forecast, by vehicle type

7.2.5.2.Canada

7.2.5.2.1.Market size and forecast, by type
7.2.5.2.2.Market size and forecast, by sales channel
7.2.5.2.3.Market size and forecast, by vehicle type

7.2.5.3.Mexico

7.2.5.3.1.Market size and forecast, by type
7.2.5.3.2.Market size and forecast, by sales channel
7.2.5.3.3.Market size and forecast, by vehicle type

7.3.Europe

7.3.1.Key market trends, growth factors, and opportunities
7.3.2.Market size and forecast, by type
7.3.3.Market size and forecast, by sales channel
7.3.4.Market size and forecast, by vehicle type
7.3.5.Market size and forecast, by country

7.3.5.1.Germany

7.3.5.1.1.Market size and forecast, by type
7.3.5.1.2.Market size and forecast, by sales channel
7.3.5.1.3.Market size and forecast, by vehicle type

7.3.5.2.France

7.3.5.2.1.Market size and forecast, by type
7.3.5.2.2.Market size and forecast, by sales channel
7.3.5.2.3.Market size and forecast, by vehicle type

7.3.5.3.Russia

7.3.5.3.1.Market size and forecast, by type
7.3.5.3.2.Market size and forecast, by sales channel
7.3.5.3.3.Market size and forecast, by vehicle type

7.3.5.4.UK

7.3.5.4.1.Market size and forecast, by type
7.3.5.4.2.Market size and forecast, by sales channel
7.3.5.4.3.Market size and forecast, by vehicle type

7.3.5.5.Rest of Europe

7.3.5.5.1.Market size and forecast, by type
7.3.5.5.2.Market size and forecast, by sales channel
7.3.5.5.3.Market size and forecast, by vehicle type

7.4.Asia-Pacific

7.4.1.Key market trends, growth factors, and opportunities
7.4.2.Market size and forecast, by Type
7.4.3.Market size and forecast, by sales channel
7.4.4.Market size and forecast, by vehicle type
7.4.5.Market size and forecast, by country

7.4.5.1.China

7.4.5.1.1.Market size and forecast, by type
7.4.5.1.2.Market size and forecast, by sales channel
7.4.5.1.3.Market size and forecast, by vehicle type

7.4.5.2.India

7.4.5.2.1.Market size and forecast, by type
7.4.5.2.2.Market size and forecast, by sales channel
7.4.5.2.3.Market size and forecast, by vehicle type

7.4.5.3.Japan

7.4.5.3.1.Market size and forecast, by type
7.4.5.3.2.Market size and forecast, by sales channel
7.4.5.3.3.Market size and forecast, by vehicle type

7.4.5.4.South Korea

7.4.5.4.1.Market size and forecast, by type
7.4.5.4.2.Market size and forecast, by sales channel
7.4.5.4.3.Market size and forecast, by vehicle type

7.4.5.5.Rest of Asia-Pacific

7.4.5.5.1.Market size and forecast, by type
7.4.5.5.2.Market size and forecast, by sales channel
7.4.5.5.3.Market size and forecast, by vehicle type

7.5.LAMEA

7.5.1.Key market trends, growth factors, and opportunities
7.5.2.Market size and forecast, by Type
7.5.3.Market size and forecast, by sales channel
7.5.4.Market size and forecast, by vehicle type
7.5.5.Market size and forecast, by country

7.5.5.1.Latin America

7.5.5.1.1.Market size and forecast, by type
7.5.5.1.2.Market size and forecast, by sales channel
7.5.5.1.3.Market size and forecast, by vehicle type

7.5.5.2.Middle East

7.5.5.2.1.Market size and forecast, by type
7.5.5.2.2.Market size and forecast, by sales channel
7.5.5.2.3.Market size and forecast, by vehicle type

7.5.5.3.Africa

7.5.5.3.1.Market size and forecast, by type
7.5.5.3.2.Market size and forecast, by sales channel
7.5.5.3.3.Market size and forecast, by vehicle type

CHAPTER 8:COMPANY PROFILES

8.1.GABRIEL INDIA LIMITED (ANAND GROUP)

8.1.1.Company overview
8.1.2.Key executives
8.1.3.Company snapshot
8.1.4.Product portfolio
8.1.5.Business performance

8.2.HITACHI ASTEMO LTD.

8.2.1.Company overview
8.2.2.Key executives
8.2.3.Company snapshot
8.2.4.Operating business segments
8.2.5.Product portfolio
8.2.6.R&D expenditure
8.2.7.Business performance
8.2.8.Key strategic moves and developments

8.3.KONI BV

8.3.1.Company overview
8.3.2.Key executives
8.3.3.Company snapshot
8.3.4.Product portfolio
8.3.5.Key strategic moves and developments

8.4.KYB CORPORATION

8.4.1.Company overview
8.4.2.Key executives
8.4.3.Company snapshot
8.4.4.Product portfolio
8.4.5.R&D expenditure
8.4.6.Business performance
8.4.7.Key strategic moves and developments

8.5.MANDO CORP.

8.5.1.Company overview
8.5.2.Key executives
8.5.3.Company snapshot
8.5.4.Product portfolio
8.5.5.Business performance
8.5.6.Key strategic moves and developments

8.6.MARELLI HOLDINGS CO., LTD.

8.6.1.Company overview
8.6.2.Key executives
8.6.3.Company snapshot
8.6.4.Product portfolio
8.6.5.Key strategic moves and developments

8.7.MERITOR, INC.

8.7.1.Company overview
8.7.2.Key executives
8.7.3.Company snapshot
8.7.4.Operating business segments
8.7.5.Product portfolio
8.7.6.R&D expenditure
8.7.7.Business performance

8.8.TENNECO INC.

8.8.1.Company overview
8.8.2.Key executives
8.8.3.Company snapshot
8.8.4.Operating business segments
8.8.5.Product portfolio
8.8.6.Business performance
8.8.7.Key strategic moves and developments

8.9.THYSSENKRUPP AG

8.9.1.Company overview
8.9.2.Key executives
8.9.3.Company snapshot
8.9.4.Product portfolio
8.9.5.R&D expenditure
8.9.6.Business performance
8.9.7.Key strategic moves and developments

8.10.ZF FRIEDRICHSHAFEN AG

8.10.1.Company overview
8.10.2.Key executives
8.10.3.Company snapshot
8.10.4.Product portfolio
8.10.5.R&D expenditure
8.10.6.Business performance
8.10.7.Key strategic moves and developments

 LIST OF TABLES

TABLE 01.GLOBAL SHOCK ABSORBER MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 02.TWIN TUBE SHOCK ABSORBER MARKET, BY REGION, 2020–2030 ($MILLION)
TABLE 03.MONO TUBE SHOCK ABSORBER MARKET, BY REGION, 2020–2030 ($MILLION)
TABLE 04.GLOBAL SHOCK ABSORBER MARKET, BY SALES CHANNEL, 2020–2030 ($MILLION)
TABLE 05.GLOBAL SHOCK ABSORBER MARKET FOR OEM, BY REGION, 2020–2030 ($MILLION)
TABLE 06.GLOBAL SHOCK ABSORBER MARKET FOR AFTERMARKET, BY REGION, 2020–2030 ($MILLION)
TABLE 07.GLOBAL SHOCK ABSORBER MARKET, BY VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 08.GLOBAL SHOCK ABSORBER MARKET FOR PASSENGER VEHICLE, BY REGION, 2020–2030 ($MILLION)
TABLE 09.GLOBAL SHOCK ABSORBER MARKET FOR COMMERCIAL VEHICLE, BY REGION, 2020–2030 ($MILLION)
TABLE 10.GLOBAL SHOCK ABSORBER MARKET, BY REGION, 2020–2030 ($MILLION)
TABLE 11.NORTH AMERICA SHOCK ABSORBER MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 12.NORTH AMERICA SHOCK ABSORBER MARKET, BY SALES CHANNEL, 2020–2030 ($MILLION)
TABLE 13.NORTH AMERICA SHOCK ABSORBER MARKET, BY VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 14.U.S. SHOCK ABSORBER MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 15.U.S. SHOCK ABSORBER MARKET, BY SALES CHANNEL, 2020–2030 ($MILLION)
TABLE 16.U.S. SHOCK ABSORBER MARKET, BY VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 17.CANADA SHOCK ABSORBER MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 18.CANADA SHOCK ABSORBER MARKET, BY SALES CHANNEL, 2020–2030 ($MILLION)
TABLE 19.CANADA SHOCK ABSORBER MARKET, BY VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 20.MEXICO SHOCK ABSORBER MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 21.MEXICO SHOCK ABSORBER MARKET, BY SALES CHANNEL, 2020–2030 ($MILLION)
TABLE 22.MEXICO SHOCK ABSORBER MARKET, BY VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 23.EUROPE SHOCK ABSORBER MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 24.EUROPE SHOCK ABSORBER MARKET, BY SALES CHANNEL, 2020–2030 ($MILLION)
TABLE 25.EUROPE SHOCK ABSORBER MARKET, BY VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 26.GERMANY SHOCK ABSORBER MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 27.GERMANY SHOCK ABSORBER MARKET, BY SALES CHANNEL, 2020–2030 ($MILLION)
TABLE 28.GERMANY SHOCK ABSORBER MARKET, BY VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 29.FRANCE SHOCK ABSORBER MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 30.FRANCE SHOCK ABSORBER MARKET, BY SALES CHANNEL, 2020–2030 ($MILLION)
TABLE 31.FRANCE SHOCK ABSORBER MARKET, BY VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 32.RUSSIA SHOCK ABSORBER MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 33.RUSSIA SHOCK ABSORBER MARKET, BY SALES CHANNEL, 2020–2030 ($MILLION)
TABLE 34.RUSSIA SHOCK ABSORBER MARKET, BY VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 35.UK SHOCK ABSORBER MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 36.UK SHOCK ABSORBER MARKET, BY SALES CHANNEL, 2020–2030 ($MILLION)
TABLE 37.UK SHOCK ABSORBER MARKET, BY VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 38.REST OF EUROPE SHOCK ABSORBER MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 39.REST OF EUROPE SHOCK ABSORBER MARKET, BY SALES CHANNEL, 2020–2030 ($MILLION)
TABLE 40.REST OF EUROPE SHOCK ABSORBER MARKET, BY VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 41.ASIA-PACIFIC SHOCK ABSORBER MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 42.ASIA-PACIFIC SHOCK ABSORBER MARKET, BY SALES CHANNEL, 2020–2030 ($MILLION)
TABLE 43.ASIA-PACIFIC SHOCK ABSORBER MARKET, BY VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 44.CHINA SHOCK ABSORBER MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 45.CHINA SHOCK ABSORBER MARKET, BY SALES CHANNEL, 2020–2030 ($MILLION)
TABLE 46.CHINA SHOCK ABSORBER MARKET, BY VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 47.INDIA SHOCK ABSORBER MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 48.INDIA SHOCK ABSORBER MARKET, BY SALES CHANNEL, 2020–2030 ($MILLION)
TABLE 49.INDIA SHOCK ABSORBER MARKET, BY VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 50.JAPAN SHOCK ABSORBER MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 51.JAPAN SHOCK ABSORBER MARKET, BY SALES CHANNEL, 2020–2030 ($MILLION)
TABLE 52.JAPAN SHOCK ABSORBER MARKET, BY VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 53.SOUTH KOREA SHOCK ABSORBER MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 54.SOUTH KOREA SHOCK ABSORBER MARKET, BY SALES CHANNEL, 2020–2030 ($MILLION)
TABLE 55.SOUTH KOREA SHOCK ABSORBER MARKET, BY VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 56.REST OF ASIA-PACIFIC SHOCK ABSORBER MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 57.REST OF ASIA-PACIFIC SHOCK ABSORBER MARKET, BY SALES CHANNEL, 2020–2030 ($MILLION)
TABLE 58.REST OF ASIA-PACIFIC SHOCK ABSORBER MARKET, BY VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 59.LAMEA SHOCK ABSORBER MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 60.LAMEA SHOCK ABSORBER MARKET, BY SALES CHANNEL, 2020–2030 ($MILLION)
TABLE 61.LAMEA SHOCK ABSORBER MARKET, BY VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 62.LATIN AMERICA SHOCK ABSORBER MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 63.LATIN AMERICA SHOCK ABSORBER MARKET, BY SALES CHANNEL, 2020–2030 ($MILLION)
TABLE 64.LATIN AMERICA SHOCK ABSORBER MARKET, BY VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 65.MIDDLE EAST SHOCK ABSORBER MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 66.MIDDLE EAST SHOCK ABSORBER MARKET, BY SALES CHANNEL, 2020–2030 ($MILLION)
TABLE 67.MIDDLE EAST SHOCK ABSORBER MARKET, BY VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 68.AFRICA SHOCK ABSORBER MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 69.AFRICA SHOCK ABSORBER MARKET, BY SALES CHANNEL, 2020–2030 ($MILLION)
TABLE 70.AFRICA SHOCK ABSORBER MARKET, BY VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 71.GABRIEL INDIA LIMITED: KEY EXECUTIVES
TABLE 72.GABRIEL INDIA LIMITED: COMPANY SNAPSHOT
TABLE 73.GABRIEL INDIA LIMITED: PRODUCT PORTFOLIO
TABLE 74.GABRIEL INDIA LIMITED: NET SALES, 2019–2021 ($MILLION)
TABLE 75.HITACHI ASTEMO, LTD.: KEY EXECUTIVES
TABLE 76.HITACHI ASTEMO, LTD.: COMPANY SNAPSHOT
TABLE 77.HITACHI ASTEMO, LTD.: OPERATING SEGMENTS
TABLE 78.HITACHI ASTEMO, LTD.: PRODUCT PORTFOLIO
TABLE 79.HITACHI ASTEMO, LTD.: R&D EXPENDITURE, 2018–2020 ($MILLION)
TABLE 80.HITACHI ASTEMO, LTD.: NET SALES, 2018–2020 ($MILLION)
TABLE 81.KONI BV: KEY EXECUTIVES
TABLE 82.KONI BV: COMPANY SNAPSHOT
TABLE 83.KONI BV: PRODUCT PORTFOLIO
TABLE 84.KYB CORPORATION: KEY EXECUTIVES
TABLE 85.KYB CORPORATION: COMPANY SNAPSHOT
TABLE 86.KYB CORPORATION: PRODUCT PORTFOLIO
TABLE 87.KYB CORPORATION: R&D EXPENDITURE, 2018–2020 ($MILLION)
TABLE 88.KYB CORPORATION: NET SALES, 2018–2020 ($MILLION)
TABLE 89.MANDO CORP.: KEY EXECUTIVES
TABLE 90.MANDO CORP.: COMPANY SNAPSHOT
TABLE 91.MANDO CORP.: PRODUCT PORTFOLIO
TABLE 92.MANDO CORP.: NET SALES, 2018–2020 ($MILLION)
TABLE 93.MARELLI HOLDINGS CO., LTD.: KEY EXECUTIVES
TABLE 94.MARELLI HOLDINGS CO., LTD.: COMPANY SNAPSHOT
TABLE 95.MARELLI HOLDINGS CO., LTD.: PRODUCT PORTFOLIO
TABLE 96.MERITOR, INC.: KEY EXECUTIVES
TABLE 97.MERITOR, INC.: COMPANY SNAPSHOT
TABLE 98.MERITOR, INC.: OPERATING SEGMENTS
TABLE 99.MERITOR, INC.: PRODUCT PORTFOLIO
TABLE 100.MERITOR, INC.: R&D EXPENDITURE, 2019–2021 ($MILLION)
TABLE 101.MERITOR, INC.: NET SALES, 2019–2021 ($MILLION)
TABLE 102.TENNECO INC.: KEY EXECUTIVES
TABLE 103.TENNECO INC.: COMPANY SNAPSHOT
TABLE 104.TENNECO INC.: OPERATING SEGMENTS
TABLE 105.TENNECO INC.: PRODUCT PORTFOLIO
TABLE 106.TENNECO INC.: NET SALES, 2018–2020 ($MILLION)
TABLE 107.THYSSENKRUPP AG: KEY EXECUTIVES
TABLE 108.THYSSENKRUPP AG: COMPANY SNAPSHOT
TABLE 109.THYSSENKRUPP AG: PRODUCT PORTFOLIO
TABLE 110.THYSSENKRUPP AG: R&D EXPENDITURE, 2019–2021 ($MILLION)
TABLE 111.THYSSENKRUPP AG: NET SALES, 2019–2021 ($MILLION)
TABLE 112.ZF FRIEDRICHSHAFEN AG: KEY EXECUTIVES
TABLE 113.ZF FRIEDRICHSHAFEN AG: COMPANY SNAPSHOT
TABLE 114.ZF FRIEDRICHSHAFEN AG: PRODUCT PORTFOLIO
TABLE 115.ZF FRIEDRICHSHAFEN AG: R&D EXPENDITURE, 2018–2020 ($MILLION)
TABLE 116.ZF FRIEDRICHSHAFEN AG: NET SALES, 2018–2020 ($MILLION)

LIST OF FIGURES

FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.GLOBAL SHOCK ABSORBER MARKET SNAPSHOT, BY SEGMENTATION, 202O–2030
FIGURE 03.GLOBAL SHOCK ABSORBER MARKET SNAPSHOT, BY REGION, 2020–2030
FIGURE 04.TOP IMPACTING FACTORS
FIGURE 05.TOP INVESTMENT POCKETS
FIGURE 06.TOP WINNING STRATEGIES, BY YEAR, 2018–2022*
FIGURE 07.TOP WINNING STRATEGIES, BY YEAR, 2018–2022*
FIGURE 08.TOP WINNING STRATEGIES, BY COMPANY, 2018–2022*
FIGURE 09.MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 10.MODERATE-TO-HIGH BARGAINING POWER OF BUYERS
FIGURE 11.MODERATE-TO-HIGH THREAT OF NEW ENTRANTS
FIGURE 12.MODERATE THREAT OF SUBSTITUTES
FIGURE 13.MODERATE-TO-HIGH COMPETITIVE RIVALARY
FIGURE 14.KEY PLAYER POSITIONING (2020)
FIGURE 15.GLOBAL SHOCK ABSORBER MARKET SHARE, BY TYPE, 2020–2030 (%)
FIGURE 16.COMPARATIVE SHARE ANALYSIS OF TWIN TUBE SHOCK ABSORBER MARKET, BY COUNTRY, 2020 & 2030 ($MILLION)
FIGURE 17.COMPARATIVE SHARE ANALYSIS OF MONO TUBE SHOCK ABSORBER MARKET, BY COUNTRY, 2020 & 2030 ($MILLION)
FIGURE 18.GLOBAL SHOCK ABSORBER MARKET SHARE, BY SALES CHANNEL, 2020–2030 (%)
FIGURE 19.COMPARATIVE SHARE ANALYSIS OF SHOCK ABSORBER MARKET FOR OEM, BY COUNTRY, 2020 & 2030 ($MILLION)
FIGURE 20.COMPARATIVE SHARE ANALYSIS OF GLOBAL SHOCK ABSORBER MARKET FOR AFTERMARKET, BY COUNTRY, 2020 & 2030 ($MILLION)
FIGURE 21.GLOBAL SHOCK ABSORBER MARKET SHARE, BY VEHICLE TYPE, 2020–2030 (%)
FIGURE 22.COMPARATIVE SHARE ANALYSIS OF GLOBAL SHOCK ABSORBER MARKET FOR PASSENGER VEHICLE, BY COUNTRY, 2020 & 2030 ($MILLION)
FIGURE 23.COMPARATIVE SHARE ANALYSIS OF GLOBAL SHOCK ABSORBER MARKET FOR COMMERCIAL VEHICLE, BY COUNTRY, 2020 & 2030 ($MILLIION)
FIGURE 24.GLOBAL SHOCK ABSORBER MARKET, BY REGION, 2020–2030 (%)
FIGURE 25.COMPARATIVE SHARE ANALYSIS OF SHOCK ABSORBER MARKET, BY COUNTRY, 2020–2030 (%)
FIGURE 26.U.S. SHOCK ABSORBER MARKET, 2020–2030 ($MILLION)
FIGURE 27.CANADA SHOCK ABSORBER MARKET, 2020–2030 ($MILLION)
FIGURE 28.MEXICO SHOCK ABSORBER MARKET, 2020–2030 ($MILLION)
FIGURE 29.COMPARATIVE SHARE ANALYSIS OF SHOCK ABSORBER MARKET, BY COUNTRY, 2020–2030 (%)
FIGURE 30.GERMANY SHOCK ABSORBER MARKET, 2020–2030 ($MILLION)
FIGURE 31.FRANCE SHOCK ABSORBER MARKET, 2020–2030 ($MILLION)
FIGURE 32.RUSSIA SHOCK ABSORBER MARKET, 2020–2030 ($MILLION)
FIGURE 33.UK SHOCK ABSORBER MARKET, 2020–2030 ($MILLION)
FIGURE 34.REST OF EUROPE SHOCK ABSORBER MARKET, 2020–2030 ($MILLION)
FIGURE 35.COMPARATIVE SHARE ANALYSIS OF SHOCK ABSORBER MARKET, BY COUNTRY, 2020–2030 (%)
FIGURE 36.CHINA SHOCK ABSORBER MARKET, 2020–2030 ($MILLION)
FIGURE 37.INDIA SHOCK ABSORBER MARKET, 2020–2030 ($MILLION)
FIGURE 38.JAPAN SHOCK ABSORBER MARKET, 2020–2030 ($MILLION)
FIGURE 39.SOUTH KOREA SHOCK ABSORBER MARKET, 2020–2030 ($MILLION)
FIGURE 40.REST OF ASIA-PACIFIC SHOCK ABSORBER MARKET, 2020–2030 ($MILLION)
FIGURE 41.COMPARATIVE SHARE ANALYSIS OF SHOCK ABSORBER MARKET, BY COUNTRY, 2020–2030 (%)
FIGURE 42.LATIN AMERICA SHOCK ABSORBER MARKET, 2020–2030 ($MILLION)
FIGURE 43.MIDDLE EAST SHOCK ABSORBER MARKET, 2020–2030 ($MILLION)
FIGURE 44.AFRICA SHOCK ABSORBER MARKET, 2020–2030 ($MILLION)
FIGURE 45.GABRIEL INDIA LIMITED: NET SALES, 2019–2021 ($MILLION)
FIGURE 46.GABRIEL INDIA LIMITED: REVENUE SHARE BY SEGMENT, 2021 (%)
FIGURE 47.GABRIEL INDIA LIMITED: REVENUE SHARE BY REGION, 2021 (%)
FIGURE 48.HITACHI ASTEMO, LTD.: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 49.HITACHI ASTEMO, LTD.: NET SALES, 2018–2020 ($MILLION)
FIGURE 50.HITACHI ASTEMO, LTD.: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 51.HITACHI ASTEMO, LTD.: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 52.KYB CORPORATION: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 53.KYB CORPORATION: NET SALES, 2018–2020 ($MILLION)
FIGURE 54.KYB CORPORATION: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 55.KYB CORPORATION: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 56.MONDO CORP: NET SALES, 2018–2020 ($MILLION)
FIGURE 57.MANDO CORP.: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 58.MERITOR, INC.: R&D EXPENDITURE, 2019–2021 ($MILLION)
FIGURE 59.MERITOR, INC.: NET SALES, 2019–2021 ($MILLION)
FIGURE 60.MERITOR, INC.: REVENUE SHARE BY SEGMENT, 2021 (%)
FIGURE 61.MERITOR, INC.: REVENUE SHARE BY REGION, 2021 (%)
FIGURE 62.TENNECO INC.: NET SALES, 2018–2020 ($MILLION)
FIGURE 63.TENNECO INC.: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 64.TENNECO INC.: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 65.THYSSENKRUPP AG: R&D EXPENDITURE, 2019–2021 ($MILLION)
FIGURE 66.THYSSENKRUPP AG: NET SALES, 2019–2021 ($MILLION)
FIGURE 67.THYSSENKRUPP AG: REVENUE SHARE BY SEGMENT, 2021 (%)
FIGURE 68.THYSSENKRUPP AG: REVENUE SHARE BY REGION, 2021 (%)
FIGURE 69.ZF FRIEDRICHSHAFEN AG: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 70.ZF FRIEDRICHSHAFEN AG: NET SALES, 2018–2020 ($MILLION)
FIGURE 71.ZF FRIEDRICHSHAFEN AG: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 72.ZF FRIEDRICHSHAFEN AG: REVENUE SHARE BY REGION, 2020 (%)