Market Research Report
Automotive Shock Absorbers
|Published by||Global Industry Analysts, Inc.||Product code||912622|
|Published||Content info||391 Pages
Delivery time: 1-2 business days
|Automotive Shock Absorbers|
|Published: July 1, 2020||Content info: 391 Pages||
Global Automotive Shock Absorbers Market to Reach $71.9 Billion by 2027
Amid the COVID-19 crisis, the global market for Automotive Shock Absorbers estimated at US$61.3 Billion in the year 2020, is projected to reach a revised size of US$71.9 Billion by 2027, growing at aCAGR of 2.3% over the period 2020-2027. Hydraulic, one of the segments analyzed in the report, is projected to record 2% CAGR and reach US$43.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Gas-Filled segment is readjusted to a revised 2.8% CAGR for the next 7-year period.
The U.S. Market is Estimated at $16.6 Billion, While China is Forecast to Grow at 4.4% CAGR
The Automotive Shock Absorbers market in the U.S. is estimated at US$16.6 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$14.1 Billion by the year 2027 trailing a CAGR of 4.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.5% and 1.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1% CAGR.We bring years of research experience to this 18th edition of our report. The 391-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others,