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The automotive shocks and struts market size has the potential to grow by 78.19 million units during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 5.41%.
This report provides a detailed analysis of the market by type (struts and shock absorbers), geography (APAC, North America, Europe, South America, and MEA), and key vendors.
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The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
The automotive shocks and struts market is fragmented and the vendors are deploying growth strategies such as R&D to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.
The market players also significantly leverage external market drivers such as increasing preference for high-performance cars and SUVs to achieve growth opportunities. However, factors such as growing dependency on public transport will challenge the growth of the market participants. To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Download a free sample of the automotive shocks and struts market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies,
This automotive shocks and struts market analysis report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
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52% of the market’s growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for automotive shocks and struts in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The ongoing expansion of the automotive industry is one of the prime factors that will facilitate the automotive shocks and struts market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.
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The struts are mainly used in passenger car vehicles. The growth of the automotive strut market is linearly proportional to the sales of passenger cars. The growth of the struts segment is anticipated to be primarily driven by the growing demand for EVs and SUVs across the world. Therefore, the growth of the struts market segment is expected to be significant during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the automotive shocks and struts market size. Fetch actionable market insights on post COVID-19 impact on each segment.
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Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Type
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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