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The automotive aftermarket shock absorbers market size is forecast to increase by USD 1.12 billion at a CAGR of 4.15% between 2023 and 2028. The global market is experiencing significant growth due to several key trends. The aging vehicle fleet, with a high number of in-use vehicles, presents a substantial opportunity for market expansion. As vehicles age, the need for replacement parts, including shock absorbers, increases. Additionally, auto component manufacturers are shifting towards selective alliances and collaborations to enhance their product offerings and improve operational efficiency. However, the market is also facing challenges, such as the decreasing global sales and production of vehicles due to economic downturns and changing consumer preferences towards electric and autonomous vehicles. Despite these challenges, the market is expected to continue its growth trajectory, driven by the increasing demand for vehicle maintenance and repair services.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Vehicle Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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