"Increasing Demand For Safe And Comfort Driving Experience Drives The Automotive Gas Charged Shock Absorbers Market"

Globally, the automotive gas charged shock absorbers market was valued at US$ 3.42 Bn in 2020 growing with a CAGR of 6.0% during the forecast period from 2021 to 2029, starting from 2020. Automotive gas charged shock absorbers are defined a sort of hydraulic pump devices, which are used in vehicles to control the effect and rebound movement of vehicle's springs and suspension. These devices or equipment absorbs damp shock impulses leading to increase the drivers comfort and offer seamless controllability.

The main objective of the automotive gas charged shock absorbers is to confirm that the tyres of the vehicles are continuously on the road surface. This enables the user or the driver to be safe with the vehicle control and braking reaction. The adoption for automotive gas charged shock absorbers is growing at a steady pace. The continuous development and implementing new strategies to increase the market by the automotive gas charged shock absorbers manufacturers is driving the market. Additionally, the increasing demand for cars globally is also propelling the growth of the market.  

"Automotive Gas Charged Shock Absorbers with Twin-tube shock segment in its Design Type Segment Continue Dominating the Market"

In 2020, the twin-tube gas charged segment led the market with a larger market share as compared to its monotube counterpart. The twin-tube shock absorbers are preferred as it uses less gas pressure, which prevent the fluid from foaming making it a major factor for the growth of the market. Additionally, the twin-tube shockers are less expensive as compared to monotube shockers since there is no requirement of piston chamber, or a floating piston to separate the gas charge from the oil during the shock.

"Europe Dominates the Market by Region"

Automotive gas charged shock absorbers market is led by Europe due to the presence of various key players present in the region such as ZF Friedrichshafen AG, Thyssenkrupp AG, Magneti Marelli S.p.A., and others. Moreover, there are various automobile companies, which are working on safety and comfort for the passenger as well as drivers, that leads to the growth of automotive gas charged shock absorber market. Additionally, the presence of various economies in the region such as UK, Germany, France, Italy and others are also contributing in the growth of the market in the region.

Some of the key 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.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Automotive Gas Charged Shock Absorbers market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Automotive Gas Charged Shock Absorbers market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Automotive Gas Charged Shock Absorbers market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Automotive Gas Charged Shock Absorbers market?
• Which is the largest regional market for Automotive Gas Charged Shock Absorbers market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Automotive Gas Charged Shock Absorbers market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Automotive Gas Charged Shock Absorbers market worldwide?