The Global Automotive Shock Absorber Market Is Expected To Reach $1.86 Billion In 2022

- Feb 03, 2019-

The shock absorber is used to suppress the shock when the spring rebounds after shock absorption and the impact from the road surface. Widely used in automobiles to accelerate the vibration of the frame and body to improve the ride comfort of the car.

In recent years, the development of the shock absorber industry has been relatively stable, with an average growth rate of 4.79%. In 2016, the global shock absorber production capacity was nearly 1.43 billion units, and the actual production capacity was approximately 1.11 billion units.

With the development of the automobile and motorcycle industry, the European market is in the first place in the consumer market. In addition, Europe is also the second largest manufacturer in the market with a market share of over 22%.

Following Europe, China is a fast-growing region. In 2016, the consumer market share was 24.44%, and China's automobile production was over 28 million, which will require 112 million shock absorbers.

The dual-tube design is ideal for cars, light trucks, SUVs and vans. This design is more operability and cocoa control. The single tube design provides additional performance and is more conducive to driving.