Automotive Shock Absorbers: A Global Strategic Business Report
San Jose, CA (PRWEB) March 5, 2008
In general, consumers replace shock absorbers only when they show deterioration signs. Added to this, the quality of shock absorbers has increased to a great extent during the past few years, thus impacting the replacement market. Among other things, improved road conditions have reduced the need for shock absorber replacements. A shift towards bi-tube shock absorbers from mono-tube shock absorbers, and the development of gas shock absorbers, which effectively extend the product life, has also affected the shock absorber market.
United States market for shock absorbers is estimated at US$672 million for 2007. Europe represents the largest automotive shock absorbers market, with sales projected to reach US$1.39 billion by 2010. Global OEM automotive shock absorbers market is estimated at US$2.12 billion for 2007. US sales of aftermarket automotive shock absorbers are expected to grow at a compounded annual rate of 1.46% over the period 2001-2010.
Key players listed in the report include ArvinMeritor Inc., Delphi Corp., Gabriel India Ltd., Hitachi Automotive Systems, Kayaba Industry Co., Ltd., Koni BV, Magneti Marelli Holding S.p.A., Munjal Showa Ltd., Quinton Hazell Automotive Limited, Showa Corp., Sudburg-Werk GmbH & Co. KG, Tenneco Inc, ThyssenKrupp Automotive and ZF Friedrichshafen AG.
"Automotive Shock Absorbers: A Global Strategic Business Report" published by Global Industry Analysts, Inc., analyzes the global market with hard-to-find data and analytics for key regional markets such as the United States, Europe and Japan, alongside up and coming markets such as Asia-Pacific and Latin America. The report provides a comprehensive review of market trends and issues, drivers, business profile, players, competitive landscape, recent developments, mergers, acquisitions, alliances, product launches and other strategic industry activities. Analytical estimates and projections are presented in terms of annual sales in US$ over the years 2001 through 2015. Historic data is also provided for an insight into market evolution over the period 1991-2000. End-use segments independently analyzed in the report include Original Equipment Manufacturers and Aftermarket.
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