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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Automotive Dampers Market Outlook
The global automotive dampers market size attained a value of 16.45 billion in 2023. The market is expected to grow at a CAGR of 2.3% between 2024 and 2032, reaching almost 20.2 billion by 2032.
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Market Segmentation
Based on its application, the global automotive dampers market can be segmented into:
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- Passenger Vehicles
- Commercial Vehicles
The EMR report looks into the regional automotive dampers markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
Market Analysis
Technological advances have allowed the transfer of automotive suspension systems from the conventional mixture of spring and damper (shock absorber) and anti-roll bars to electronically controlled suspension systems. An array of sensors, electronic control units, linear electrical engine, and modules are used by electronically controlled suspension systems to monitor and evaluate wheel motions continually and provide quicker response time. Also, prominent suppliers and OEMs’ (original equipment manufacturers) focussed on developing sophisticated customisable dampers, anti-roll bars, and air suspensions that improve the vehicle's responsiveness, control, and convenience are driving the automotive dampers market further. Such advances in the technology of automotive suspension will have a positive effect on the automotive suspension industry globally.
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Competitive Landscape
The report presents a detailed analysis of the following key players in the global automotive dampers market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Hitachi Automotives systems, Ltd.
- Magneti Marelli S.p.a
- Mando American Corporation
- Showa Corporation
- Tenneco Inc. (NYSE: TEN)
- ZF Friedrichshafen AG
- Others
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s five forces.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global automotive dampers market is estimated to grow at a CAGR of 2.3% between 2024 and 2032.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major drivers of the market include the increasing sale of commercial and passenger cars, rising disposable income, and rapid urbanisation.
The technological advancements and rising innovation in the automotive industry are the key trends guiding the growth of the industry.
Passenger vehicles and commercial vehicles are the significant applications based on which the market is segmented.
The major players in the industry are Hitachi Automotive Systems, Ltd., Magneti Marelli S.p.a, Mando Corporation, Showa Corporation, Tenneco Inc., and ZF Friedrichshafen AG, among others.
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