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(Transportation-News.com, May 11, 2017 ) The primary purpose of shock absorbers is to control spring and suspension movement. A strut is a common damper type used in many of today's independent suspension, front wheel drive vehicles, and some rear wheel drive vehicles. The global automotive shocks and struts market is segmented based on applications, namely shock absorbers and struts. We have considered passenger cars for calculating the size of the automotive shocks and struts market.
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Market Research Hub's analysts forecast the global automotive shocks and struts market to grow at a CAGR of 4.34% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global automotive shocks and struts market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Market Research Hub's report, Global Automotive Shocks and Struts Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
Tenneco
ZF
GKN
Magneti Marelli
Other prominent vendors
MANDO
KYB Americas Corporation
Market driver
Use of advanced optimization techniques for reducing the weight of suspension components.
For a full, detailed list, view our report
Market challenge
Growing concerns for increased greenhouse gas emissions from automotive industry.
For a full, detailed list, view our report
Market trend
Suspension link weight reduction process using advanced optimization techniques.
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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