The global Electromagnetic Shock Absorber Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 4.8% during the review period (2022 to 2027)
Electromagnetic Shock Absorber Market Overview
Automotive shock absorbers are an integral part of a vehicle’s suspension as they reduce the shocks on the vehicle produced by a rough road surface and provide driving comfort. 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. Globally, increasing automobile demand and production along with rising awareness of vehicle safety is expected to drive demand for automotive shock absorbers. Hydraulic shock absorbers are generally used in vehicles as they are economical as compared to gas-filled shock absorbers. For shock absorbers, passenger cars, which include compact, mid-size, luxury, and SUVs hold the highest market share. 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. 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.
Industry News
ZF announced the start of a new shock absorber production line in India. This new production line will be a part of its growth and expansion strategy in the region. The plant in Chakan, Pune, has a production capacity 0.7 M units per year.
KYB announced the launch of mass production for KADS, which is an electronically controlled suspension system for motorcycles that integrates control technology and hydraulic technology.
What are the major Applications, Types and Regions for Electromagnetic Shock Absorber Market?
By Type, it is segmented int
- Pure Active Shock Absorber
- Semi-Active Shock Absorber
- Others
By Applications it is segmented into
- Passenger Cars
- Commercial Vehicles
- Others
Electromagnetic Shock Absorber Market Regional Analysis
Increase in annual growth of vehicle parc and growing demand for shock absorbers in the aftermarket are benefitting shock absorber manufacturers in China. China is a huge supplier of shock absorbers along with many local manufacturers partnering with international companies. The replacement aftermarket is also rising due to increasing car ownership and vehicle age in the country. China is a lucrative market for shock absorbers, as manufacturers are using the merger and acquisition strategy to capture extreme market share.
North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Middle East & Africa
- Latin America
The Electromagnetic Shock Absorber Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Electromagnetic Shock Absorber Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
What is our Electromagnetic Shock Absorber Market Report Scope?
Report Attributes
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Report Details
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Forecast Period 2022 to 2027 CAGR
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CAGR of 4.8% during the review period (2022 to 2027).
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By Type
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- Pure Active Shock Absorber
- Semi-Active Shock Absorber
- Others
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By Application
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- Passenger Cars
- Commercial Vehicles
- Others
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By Companies
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ZF-TRW, Bose, Quanser, Daimler, Magneti Marelli, BWI (Delphi), Eaton
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Regions Covered
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- North America
- Europe
- Asia-Pacific
- Rest of the World
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Countries Covered
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- US
- Canada
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
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Base Year
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2022
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Historical Year
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2017 to 2021
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Forecast Year
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2022 to 2027
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Number of Pages
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87
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Customization Available
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Yes, the report can be customized as per your needs
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Key Takeaways from this Electromagnetic Shock Absorber Report
- Evaluate Electromagnetic Shock Absorber market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
- Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.
- Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.
- Analyze the sales and distribution channels across geographies to enhance top-line revenues.
- Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.
- Get a quick outlook on the Electromagnetic Shock Absorber market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
- Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.
FAQ -
What is the study period of this market?
The Electromagnetic Shock Absorber Market is studied from 2017 - 2027.
What is the growth rate of Electromagnetic Shock Absorber Market?
The Electromagnetic Shock Absorber Market is growing at a CAGR of 4.8% over the next 5 years.
What regions does this Electromagnetic Shock Absorber Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
