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The automotive dampers market share is expected to increase to USD 6.83 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 3.13%.
This automotive dampers market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers automotive dampers market segmentations by application (passenger vehicles and commercial vehicles) and geography (APAC, Europe, North America, South America, and Middle East and Africa). The automotive dampers market report also offers information on several market vendors, including ANAND Group, Asia America Industrial Manufacturing Inc., Beijing Shougang Co. Ltd., Dexko Global Inc., Duroshox Pvt. Ltd., FAW Dongjigong Shock Absorber Co. Ltd., Festo SE and Co. KG, Freudenberg SE, Hitachi Ltd., ITT Inc., KYB Corp., Mando Corp., Marelli Holdings Co. Ltd., Meritor Inc., MSA DAMPER S.R.L., Parker Hannifin Corp., Tenneco Inc., thyssenkrupp AG, WITTMANN Kunststoffgerate GmbH, and ZF Friedrichshafen AG among others.
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The growth in production volume of passenger vehicles is notably driving the automotive dampers market growth, although factors such as the use of faulty dampers leading to vehicle recalls may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the automotive dampers industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Automotive Dampers Market Driver
Key Automotive Dampers Market Trend
Key Automotive Dampers Market Challenge
This automotive dampers market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the automotive dampers market encompasses successful business strategies deployed by the key vendors. The automotive dampers market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The automotive dampers market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the automotive dampers market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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58% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for the automotive dampers market in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The growing demand for luxury or premium vehicles will facilitate the automotive dampers market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The automotive industry in APAC was adversely impacted in 2020 due to the COVID-19 pandemic. However, automobile manufacturing is expected to recover once the COVID-19 pandemic is contained and the chip shortage is settled in the region. Also, companies have been increasing their sales and investing in electric vehicle production owing to supportive government initiatives. Such factors will have a positive impact on the automotive dampers market growth during the forecast period.
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The automotive dampers market share growth by the passenger vehicles segment will be significant during the forecast period. Passenger vehicles can be segmented as entry-level, mid-level, and premium or luxury-level vehicles. Based on car body type, passenger vehicles are segmented into hatchbacks, compact sedans, mid-size sedans, and luxury sedans. Different types of dampers are used for different vehicle segments. Automakers consider factors such as vehicle type and the region where the vehicle is sold while choosing dampers for their vehicles. Therefore, it is anticipated that the increasing preference for advanced dampers is likely to contribute to the rise in the adoption of automotive dampers in passenger vehicles.
This report provides an accurate prediction of the contribution of all the segments to the growth of the automotive dampers market size and actionable market insights on post COVID-19 impact on each segment.
Technavio categorizes the global automotive dampers market as a part of the global auto parts and equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the automotive dampers market during the forecast period.
Automotive Dampers Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.13% |
Market growth 2022-2026 |
$ 6.83 billion |
Market structure |
Fragmented |
YoY growth (%) |
2.43 |
Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
Performing market contribution |
APAC at 58% |
Key consumer countries |
US, China, Japan, Germany, and UK |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
ANAND Group, Asia America Industrial Manufacturing Inc., Beijing Shougang Co. Ltd., Dexko Global Inc., Duroshox Pvt. Ltd., FAW Dongjigong Shock Absorber Co. Ltd., Festo SE and Co. KG, Freudenberg SE, Hitachi Ltd., ITT Inc., KYB Corp., Mando Corp., Marelli Holdings Co. Ltd., Meritor Inc., MSA DAMPER S.R.L., Parker Hannifin Corp., Tenneco Inc., thyssenkrupp AG, WITTMANN Kunststoffgerate GmbH, and ZF Friedrichshafen AG |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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