Research on North America Shock Absorbers Industry Strategy Analysis (Impact of Covid-19)

Length- 122 Pages | Published Date - 2023-05-10 | Report Id- 1983
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The research time span covered by the report is from 2018 to 2029; it provides an overview of the North America Shock Absorbers Market and also provides a deeper in-depth segmentation of the market by regions, product type and downstream industries.

The North America Shock Absorbers market size in 2022 is 2436.73 million US dollars, and it is expected to be 2887.46 million US dollars by 2029, with a compound annual growth rate of 2.45% expected in 2023-2029.

MARKET COMPETITIVE LANDSCAPE:
The main players in the Shock Absorbers market include Monroe, KYB North America, Gabriel, Fox Factory, and BILSTEIN. The share of the top 3 players in the Shock Absorbers market is 64.23%.

SEGMENT OVERVIEW:
This report conducts segment analysis on type and application level. Type segment includes Single-Tube Shock Absorbers, Twin-Tube Shock Absorbers, etc. Application segment includes OEM, Aftermarket, etc.
---Single-Tube Shock Absorbers contributes approximately 41.90% share to the market in 2022.
---OEM contributes approximately 61.58% share to the market in 2022.

For competitive landscape, prominent players with considerable market shares are comprehensively analyzed in this report. With information regarding the concentration ratio and detailed data reflecting the market performance of each player shared, the readers can acquire a holistic view of the competitive situation and a better understanding of their competitors.

As the COVID-19 takes over the world, we are continuously tracking the changes in the markets. We analyzed the impact of the pandemic in detail, along with other key factors, such as macro-economy, regional conflicts, industry related news and policies. Meanwhile, market investment scenario, technology status and developments, supply chain challenges, among other essential research elements are all covered.

Key Factors Considered:
COVID-19
The report describes the market scenario during and post the pandemic in the vision of upstream, major market participants, downstream major customers, etc. Other aspects, such as changes in consumer behavior, demand, transport capacity, trade flow under COVID-19, have also been taken into consideration during the process of the research.

Regional Conflict / Russia-Ukraine War
The report also presents the impact of regional conflict on this market in an effort to aid the readers to understand how the market has been adversely influenced and how it”s going to evolve in the years to come.

Challenges & Opportunities
Factors that may help create opportunities and boost profits for market players, as well as challenges that may restrain or even pose a threat to the development of the players, are revealed in the report, which can shed a light on strategic decisions and implementation.
Shock absorbers, also known as dampers, are essential components in vehicles that help absorb and dampen the shocks and vibrations caused by uneven road surfaces. The North America shock absorbers market is influenced by various factors and trends:

Increasing vehicle production: The North America region has a significant automotive industry, with the United States being one of the largest vehicle producers. The production of vehicles, including passenger cars, light commercial vehicles, and heavy-duty trucks, directly impacts the demand for shock absorbers. As the automotive industry grows and vehicle sales increase, the market for shock absorbers is expected to follow a similar trajectory.

Growing demand for ride comfort and safety: Ride comfort and safety are crucial factors for vehicle buyers. Shock absorbers play a vital role in enhancing ride comfort by reducing vibrations and ensuring stable handling. As consumers demand smoother rides and improved safety features, the demand for advanced shock absorbers that offer better performance and comfort is likely to increase.

Technological advancements: The shock absorbers market has witnessed technological advancements aimed at improving performance and durability. Manufacturers are focusing on developing innovative shock absorber designs, such as electronic and adjustable shock absorbers, to offer enhanced ride control and adaptability to different driving conditions. Technological advancements also include the use of advanced materials and manufacturing processes, resulting in more efficient and lightweight shock absorbers.

Shift towards electric and hybrid vehicles: The growing interest in electric and hybrid vehicles in North America is likely to impact the shock absorbers market. Electric and hybrid vehicles have unique requirements due to their different powertrain characteristics and weight distribution. Manufacturers are developing specialized shock absorbers to cater to the specific needs of these vehicles, including regenerative shock absorbers that can harness energy from road vibrations to charge the vehicle”s battery.

Focus on sustainability: Environmental concerns and regulations have led to an increased emphasis on sustainability in the automotive industry. This trend is expected to influence the shock absorbers market as well. Manufacturers are exploring eco-friendly materials and manufacturing processes to reduce the environmental impact of shock absorbers. Additionally, there is a growing interest in energy-efficient shock absorbers that can contribute to improved fuel efficiency and reduced emissions.

Aftermarket sales and distribution channels: The aftermarket segment plays a significant role in the shock absorbers market. As vehicles age or experience wear and tear, there is a need for replacement shock absorbers. The availability of a wide range of shock absorbers through various distribution channels, such as online retail platforms and specialized automotive parts stores, contributes to the aftermarket sales.
Highlights-Regions

USA
Canada
Mexico

Highlights-Players
Major Players in Shock Absorbers market are:
Monroe
KYB North America
Gabriel
Fox Factory
BILSTEIN
Hitachi Astemo, Ltd.
ADD Industry Zhejiang Co., Ltd
ZF
KONI
Skyjacker

Highlights-Types
Most important types of Shock Absorbers products covered in this report are:
Single-Tube Shock Absorbers
Twin-Tube Shock Absorbers

Highlights-Application
Most widely Application of Shock Absorbers market covered in this report are:
OEM
Aftermarket

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