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According to Technavio's market research report, the global automotive shock absorber rubber market will grow at a steady rate and post a CAGR of more than 4% during the forecast period. The growing preference for rubber shock absorbers and rubber bumpers in special vehicle categories will drive the growth prospects for the global automotive shock absorber rubber market throughout the projected period. With the growing popularity of off-road vehicles such as all-terrain vehicle (ATVs), utility-terrain vehicle (UTVs), and specialty vehicles, the coming years will witness an increase in the demand for shock absorbers. Since shock absorbers help in ride height adjustment and reduce vibrations without torsional loads, the automotive shock absorber rubbers market will witness considerable growth during the next few years.
The growing preference for electronic controlled air suspension (ECAS) will be one of the key trends gaining traction in the automotive shock absorber rubber market during the next four years. Since ECAS quickens the reaction time by replacing other suspension components such as struts, shock absorbers, coil springs, and leaf springs, the popularity of ECAS is increasing, which in turn, will stimulate the growth of the market. Additionally, the advantages of ECAS including improved comfort, constant leveling, and load protection and the growing number of useful extensions in ECAS that will offer air suspension to operators, will also increase their preference among customers.
The global automotive shock absorber rubber market has a limited number of well-established vendors, which makes it moderately competitive. Factors such as the increasing investments in R&D, the expansion of customer base, technological advancements, and government regulations will intensify the market's competitive environment.
Key vendors in this market are -
Other prominent vendors in the market include Cooper Standard and Greene Rubber Company.
The mount application segment accounted for the majority of the shares of the automotive shock absorber rubber market during 2016 and is likely to experience a high growth rate during the estimated period. The market is experiencing a high demand for mount struts since they reduce suspension, vibrations, and road noises. Additionally, mount struts also provide smoother steering, offer the retention of front end alignment, safeguard the critical components, and keep the leak-causing contaminants at a distance from polished strut shafts, which will again fuel the segment's growth prospects.
During 2016, APAC held the maximum shares of the automotive shock absorber rubber market and the region will continue to dominate the market for the next four years as well. The increasing demand for passenger cars in various countries such as China will fuel the growth of the automotive shock absorber rubber market. Furthermore, the growth of the sports utility vehicle (SUV) and multipurpose vehicle (MPV) segments and the rise in sales of new energy vehicles (NEVs), plug-in hybrid vehicles, and electric vehicles, will also drive the market's growth in this region.
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Automotive shock absorber rubber is the rubber that is used for the mounting and boot of shock absorbers to protect them from mud, water, pollutants, dust particles, and chipping stones. This upcoming report by Technavio is a fundamental part of the automotive industry and offers an intricate study of the rapidly growing sectors like automotive components, automotive manufacturing, and automotive electronics. Additionally, to help clients gain a competitive edge over other market players, our reports offer insights into the market shares for various segments of the automotive industry.
To accurately forecast the automotive industry's growth prospects, our market research specialists follow a structured approach of quantitative and qualitative research techniques and also carry out a detailed analysis based on several market elements, including advancements in technology and the demand for products and services across the globe. This upcoming report on automotive shock absorber rubber rubber market also considers the growth of related markets like automotive torque converter market and automotive fifth wheel coupler market, which are expected to grow at a CAGR of about 4% and almost 7%, respectively until 2020. As expected by our market research analysts, the growing preference for shock absorbers in special vehicle categories is expected to propel growth in the automotive shock absorber rubber rubber market in the coming years.
The upcoming industry research report for automotive shock absorber rubber rubber market highlights the major drivers, prospective trends, and impending challenges currently experienced by the automotive component sector.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by application
PART 07: Geographical segmentation
PART 08: Key leading countries
PART 09: Decision framework
PART 10: Drivers and challenges
PART 11: Market trends
PART 12: Vendor landscape
PART 13: Key vendor analysis
PART 14: Appendix
Tags: auto accessories, coil over shock, racing tires, automotive suppliers, automotive tires, automotive components market research,
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