LONDON–(BUSINESS WIRE)–Technavio has been monitoring the automotive shocks and struts market and it is poised to grow by USD 78.19 million units during 2021-2025, progressing at a CAGR of over 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Impact of COVID-19

The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the automotive shocks and struts market. The market growth in 2021 is likely to increase compared to the market growth in 2019.

Frequently Asked Questions:

  • Based on segmentation by type, which is the leading segment in the market?
    The struts are the leading segment in the market.
  • What are the major trends in the market?
    Growing demand for carbon fiber struts is the major trend in the market.
  • At what rate is the market projected to grow?
    The market is projected to accelerate at a CAGR of over 5%.
  • Who are the top players in the market?
    Fox Factory Holding Corp., ITT Inc., KYB Corp., Mando Corp., Marelli Holdings Co. Ltd., Melrose Industries Plc, Meritor Inc., Tenneco Inc., thyssenkrupp AG, ZF Friedrichshafen AG are the top players in the market.
  • What are the key market drivers and challenges?
    The market is driven by the increasing preference for high-performance cars and SUVs. However, the growing dependency on public transport will challenge growth.
  • How big is the APAC market?
    52% of the market’s growth will originate from APAC during the forecast period.

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Fox Factory Holding Corp., ITT Inc., KYB Corp., Mando Corp., Marelli Holdings Co. Ltd., Melrose Industries Plc, Meritor Inc., Tenneco Inc., thyssenkrupp AG, and ZF Friedrichshafen AG are some of the major market participants. Although the increasing preference of high-performance cars and SUVs will offer immense growth opportunities, factors such as growing dependency on public transport are likely to pose a challenge for the market vendors. In a bid to help players strengthen their market foothold, this automotive shocks and struts market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.

Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Automotive Shocks and Struts Market 2021-2025: Segmentation

The automotive shocks and struts market is segmented as below:

  • Type
    • Struts
    • Shock Absorbers
  • Geography
    • APAC
    • North America
    • Europe
    • South America
    • MEA

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR46563

Automotive Shocks and Struts Market 2021-2025: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The automotive shocks and struts market report covers the following areas:

  • Automotive Shocks and Struts Market Size
  • Automotive Shocks and Struts Market Trends
  • Automotive Shocks and Struts Market Industry Analysis

This study identifies the growing demand for carbon fiber struts as one of the prime reasons driving the automotive shocks and struts market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Automotive Shocks and Struts Market 2021-2025: Key Highlights

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will assist automotive shocks and struts market growth during the next five years
  • Estimation of the automotive shocks and struts market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the automotive shocks and struts market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of automotive shocks and struts market vendors

Table of Contents:

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market outlook: Forecast for 2020-2025

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Type

  • Market segments
  • Comparison by Type
  • Struts – Market size and forecast 2020-2025
  • Shock absorbers – Market size and forecast 2020-2025
  • Market opportunity by Type

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC – Market size and forecast 2020-2025
  • North America – Market size and forecast 2020-2025
  • Europe – Market size and forecast 2020-2025
  • South America – Market size and forecast 2020-2025
  • MEA – Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Fox Factory Holding Corp.
  • ITT Inc.
  • KYB Corp.
  • Mando Corp.
  • Marelli Holdings Co. Ltd.
  • Melrose Industries Plc
  • Meritor Inc.
  • Tenneco Inc.
  • thyssenkrupp AG
  • ZF Friedrichshafen AG

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

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