Global Automotive Shock Absorber Rubber Market 2017-2021

Overview of the global automotive shock absorber rubber market

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.

Competitive landscape and key vendors

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 -

• Columbia Engineered Rubber
• EKKO Rubber
• Senior Rubbers

Other prominent vendors in the market include Cooper Standard and Greene Rubber Company.

Segmentation by application and analysis of the automotive shock absorber rubber market

• Mount
• Boot

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.

Segmentation by geography and analysis of the automotive shock absorber rubber market

• Americas
• APAC
• EMEA

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.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global automotive shock absorber rubber market?
• What are the key market trends impacting the growth of the global automotive shock absorber rubber market?
• What are the challenges to market growth?
• Who are the key vendors in the global automotive shock absorber rubber market?
• What are the market opportunities and threats faced by the vendors in the global automotive shock absorber rubber market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global automotive shock absorber rubber market?

Technavio also offers customization on reports based on specific client requirement.

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.