Automotive Shock Absorber Market

The global shock absorber market is driven by the increasing use of shock absorbers in vehicles and industrial applications. This can be attributed to factors such as increasing demand from luxury carmakers and heightened awareness about safety features among consumers. Asia Pacific is forecast to be the second-largest market for shock absorbers during this period due to growing markets such as China and India.

These companies are aggressively pursuing new product launches and expansions in various regions across the globe.GE Aviation has launched a number of new products in the market, such as the GE9X and GE9Y aircraft engines, that feature technology for improved performance and fuel efficiency. Continental AG is also offering its customers a range of innovative products, such as the CO-Axis hexagonal tire, which enhances ride quality and reduces noise levels. Air Liquide is focusing on expanding its presence in North America and Europe. It offers a wide range of products, such as airbags and shock absorbers for passenger vehicles.

The global shock absorber market is expected to grow at a CAGR of **% during the forecast period of 2018–2031.

The key players in the market are: Products and Services Portfolio, Geographical Presence, Financial Summary, Market Revenue and Net Profit (2019-2021), Business Segment Revenue Analysis, Geographical Revenue Analysis, ZF Friedrichshafen AG, Tenneco Inc., Hitachi Group, ThyssenKrupp AG, Showa Corporation, Samvardhana Motherson Automotive Group, BMW Group, ITT Corporation, Gabriel India Limited, Meritor Inc., Endurance Complete Solutions, BWI Group, Magneti Marelli S.p.A., Duro Shox Pvt Ltd., Arnott Inc., ACDelco Inc., and Zhejiang Sensen Auto Parts Co. Ltd.