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Global Automotive Dampers Market Share, Trends, Forecast: By Application: Passenger Vehicles, Commercial Vehicles; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand; Value Chain Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032
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. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Automotive Dampers Market Analysis
8.1 Key Industry Highlights
8.2 Global Automotive Dampers Historical Market (2018-2023)
8.3 Global Automotive Dampers Market Forecast (2024-2032)
8.4 Global Automotive Dampers Market by Application
8.4.1 Passenger Vehicles
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Commercial Vehicles
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Automotive Dampers Market by Region
8.5.1 North America
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Europe
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Asia Pacific
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Latin America
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Middle East and Africa
8.5.5.1 Historical Trend (2018-2023)
8.5. 5.2 Forecast Trend (2024-2032)
9 North America Automotive Dampers Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Automotive Dampers Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Automotive Dampers Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.2 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Automotive Dampers Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Automotive Dampers Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Hitachi Automotive Systems, Ltd.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Magneti Marelli S.p.A.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Mando Corporation
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Showa Corporation
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Tenneco Inc.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 ZF Friedrichshafen AG
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Automotive Dampers Market: Key Industry Highlights, 2018 and 2032
2. Global Automotive Dampers Historical Market: Breakup by Application (USD Million), 2018-2023
3. Global Automotive Dampers Market Forecast: Breakup by Application (USD Million), 2024-2032
4. Global Automotive Dampers Historical Market: Breakup by Region (USD Million), 2018-2023
5. Global Automotive Dampers Market Forecast: Breakup by Region (USD Million), 2024-2032
6. North America Automotive Dampers Historical Market: Breakup by Country (USD Million), 2018-2023
7. North America Automotive Dampers Market Forecast: Breakup by Country (USD Million), 2024-2032
8. Europe Automotive Dampers Historical Market: Breakup by Country (USD Million), 2018-2023
9. Europe Automotive Dampers Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Asia Pacific Automotive Dampers Historical Market: Breakup by Country (USD Million), 2018-2023
11. Asia Pacific Automotive Dampers Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Latin America Automotive Dampers Historical Market: Breakup by Country (USD Million), 2018-2023
13. Latin America Automotive Dampers Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Middle East and Africa Automotive Dampers Historical Market: Breakup by Country (USD Million), 2018-2023
15. Middle East and Africa Automotive Dampers Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Global Automotive Dampers Market Structure
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.
Analyst Review
The global automotive dampers market is driven by the growth and development in the automotive industry in the historical period. Aided by the increasing sale of commercial and passenger cars and technological advancements, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 2.3%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. On the basis of application, the market is divided into passenger vehicles and commercial vehicles. The major regional markets for automotive dampers are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Hitachi Automotive Systems, Ltd., Magneti Marelli S.p.a, Mando Corporation, Showa Corporation, Tenneco Inc., and ZF Friedrichshafen AG, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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