Automotive Damper Market Size Poised To Touch USD 16800 Million By 2024

May 23, 2019 (Heraldkeeper via COMTEX) -- According to this study, over the next five years the Automotive Damper market will register a 1.5% CAGR in terms of revenue, the global market size will reach US$ 16800 million by 2024, from US$ 15400 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Automotive Damper business, shared in Chapter 3.

Automotive damper is an important part in vehicle?s damping system. Automotive dampers are designed primarily to provide a much smoother ride by absorbing and damping feedback from the road. In general, it is a common device used in automobile suspension. The role of the automotive damper is to keep the car’s tires in permanent contact with the road, helping to provide optimum grip, when cornering and braking.

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Without automotive damper, a car spring will extend and release the energy it absorbs from a bump at an uncontrolled rate until all of the energy originally put into it is used up. The automotive damper is generally used to control unwanted spring motion through a process known as dampening.

Each automotive damper contains a piston that slides through a cylinder. Hydraulic fluid on either side of the piston head provides the resistance against which the up-and-down motion of the wheels must work as it compresses and expands the automotive damper. A valve in the piston head, and typically another at the base of the cylinder, allow the fluid, or oil, to flow through as the unit expands and compresses. But when the compression is faster or greater, the oil can?t squeeze through the valve fast enough, and it becomes pressurized. The more the oil is pressurized, the more it resists the piston?s motion.

China is one of the largest suppliers of automotive damper with many domestic manufacturers and some plants built by international manufacturers like ZF, Tenneco, Showa, KYB and Mando. Each international manufacturer may have a capacity over several hundreds.

The twin-tube design is most used on cars, light trucks, SUV?s and vans. It?s a cost effective and it can provide excellent handling & control characteristics for most driving conditions. The mono-tube design offers additional performance and can have a more aggressive ride.

A brief run-through of the industry segmentation encompassed in the Automotive Damper market report:

Competitive landscape:

Companies involved: ZF, Tenneco, KYB, Bilstein, Magneti Marelli, Mando, Showa, KONI, Hitachi, Ride Control, ALKO, Anand, Escorts Group, S&T Motiv, Duroshox, Ohlins, CVCT, Faw-Tokico, Ningjiang Shanchuan, Chengdu Jiuding, Zhejiang Sensen, Wanxiang, Zhongxing Shock, Chongqing Zhongyi, Liuzhou Carrera, Chongqing Sokon, BWI Group, Tianjin Tiande, Jinzhou Leader and Shanghai Powered

Vital pointers enumerated:

  • Sales area
  • Distribution
  • Company profile
  • Company overview
  • Products manufactured
  • Price patterns
  • Revenue procured
  • Gross margins
  • Product sales

The Automotive Damper market report provides an outline of the vendor landscape that includes companies such as ZF, Tenneco, KYB, Bilstein, Magneti Marelli, Mando, Showa, KONI, Hitachi, Ride Control, ALKO, Anand, Escorts Group, S&T Motiv, Duroshox, Ohlins, CVCT, Faw-Tokico, Ningjiang Shanchuan, Chengdu Jiuding, Zhejiang Sensen, Wanxiang, Zhongxing Shock, Chongqing Zhongyi, Liuzhou Carrera, Chongqing Sokon, BWI Group, Tianjin Tiande, Jinzhou Leader and Shanghai Powered. Parameters such as the distribution and sales area, alongside other pivotal details such as the firm profiling and overview have also been mentioned.

The study mentions the products manufactured by these esteemed companies as well the product price prototypes, profit margins, valuation accrued, and product sales.

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Geographical landscape:

Regions involved: USA, Europe, Japan, China, India, South East Asia

Vital pointers enumerated:

  • Product consumption patterns
  • Valuation that each of these regions account for in the industry
  • Market share which every region holds
  • Consumption market share across the geographies
  • Product consumption growth rate
  • Geographical consumption rate

Segmented into USA, Europe, Japan, China, India, South East Asia, as per the regional spectrum, the Automotive Damper market apparently covers most of the pivotal geographies, claims the report, which compiles a highly comprehensive analysis of the geographical arena, including details about the product consumption patterns, revenue procured, as well as the market share that each zone holds.

The study presents details regrading the consumption market share and product consumption growth rate of the regions in question, in tandem with the geographical consumption rate with regards to the products and the applications.

Product landscape

Product types involved: Twin-tube Type, Mono-tube Type, Hydraulic Type and Pneumatic Type

Vital pointers enumerated:

  • Market share held by the product
  • Projected valuation of each type
  • Individual product consumption as per value and growth rate
  • Sales value

The Automotive Damper market report enumerates information with respect to every product type among ZF, Tenneco, KYB, Bilstein, Magneti Marelli, Mando, Showa, KONI, Hitachi, Ride Control, ALKO, Anand, Escorts Group, S&T Motiv, Duroshox, Ohlins, CVCT, Faw-Tokico, Ningjiang Shanchuan, Chengdu Jiuding, Zhejiang Sensen, Wanxiang, Zhongxing Shock, Chongqing Zhongyi, Liuzhou Carrera, Chongqing Sokon, BWI Group, Tianjin Tiande, Jinzhou Leader and Shanghai Powered, elaborating on the market share accrued, projected remuneration of each type, and the consumption rate of each product.

Application landscape:

Application sectors involved: Vehicle Type and Market

Vital pointers enumerated:

  • Market share held by each application segment
  • Forecast valuation of each application
  • Consumption patterns

The Automotive Damper market report, with respect to the application spectrum, splits the industry into Vehicle Type and Market, while enumerating details regarding the market share held by each application and the projected value of every segment by the end of the forecast duration.

The Automotive Damper market report also includes substantial information about the driving forces impacting the commercialization landscape of the industry as well as the latest trends prevailing in the market. Also included in the study is a list of the challenges that this industry will portray over the forecast period.

Other parameters like the market concentration ratio, enumerated with reference to numerous concentration classes over the projected timeline, have been presented as well, in the report.

Some of the Major Highlights of TOC covers:

Development Trend of Analysis of Automotive Damper Market

  • Global Automotive Damper Market Trend Analysis
  • Global Automotive Damper Market Size (Volume and Value) Forecast 2019-2025

Marketing Channel

  • Direct Marketing
  • Indirect Marketing
  • Automotive Damper Customers

Market Dynamics

  • Market Trends
  • Opportunities
  • Market Drivers
  • Challenges
  • Influence Factors

Methodology/Research Approach

  • Research Programs/Design
  • Market Size Estimation
  • Market Breakdown and Data Triangulation
  • Data Source

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Source : https://www.marketwatch.com/press-release/automotive-damper-market-size-poised-to-touch-usd-16800-million-by-2024-2019-05-23

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Automotive Damper Market Size Poised to Touch USD 16800 million by 2024