Automotive Shocks and Struts Market Research 2021-2025 | Market Planning Structure Due to COVID-19 | Technavio
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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Technavio has announced its latest market research report titled Global Automotive Shocks and Struts Market 2021-2025 (Graphic: Business Wire)
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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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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
View source version on businesswire.com: https://www.businesswire.com/news/home/20210121005989/en/
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