Authored By: Sarah
11 Jul 2024

 Automotive Dampers Market Size to grow by USD 4.54 billion between 2024-2028

According to a research report “ Automotive Dampers Market” by Application (Passenger vehicles, Commercial vehicles) Geography (APAC, Europe, North America, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 4.54 billion, at a CAGR of  2.12% during the forecast period. The automotive dampers market experiences significant growth due to the high demand for automobiles worldwide. These essential components are utilized in various types of vehicles, including strut-type suspension systems and torsion beams. Notably, the Asia Pacific (APAC) region dominates the production of entry-level passenger vehicles, with China and India being key contributors to the segment's growth. Moreover, the luxury vehicles segment in APAC also registered substantial sales growth, underscoring the market's potential for continued expansion.

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By Application, the Passenger vehicles segment is projected to dominate the market size in 2024

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By Geography, APAC  segment is expected to hold the largest market size for the year 2024

The Automotive Dampers Market represents a significant business opportunity for suppliers due to the increasing demand for advanced suspension systems in vehicles. These components, essential for ensuring optimal ride comfort and handling, are experiencing growth as automakers prioritize safety and performance. Market expansion is further fueled by the rising trend of electric and autonomous vehicles, which require sophisticated damping systems for improved stability and control. Businesses must stay abreast of technological advancements and consumer preferences to capitalize on this lucrative market.

APAC is forecasted to hold the largest market size by region in 2024

The Automotive Dampers market is a significant sector in the global automotive industry, supplying essential components for optimizing vehicle ride comfort and handling. These hydraulic or electronic devices control the oscillation of suspension systems, enhancing safety and performance. Market growth is driven by increasing vehicle production, stringent safety regulations, and consumer demand for improved ride quality. Key players include ZF Friedrichshafen AG, ThyssenKrupp AG, and NSK Ltd.

The Automotive Dampers Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • ANAND Group
  • Asia America Industrial Manufacturing Inc.
  • Beijing Shougang Co. Ltd.
  • Cummins Inc.
  • Dexko Global Inc.
  • Duroshox Pvt. Ltd.
  • FAW Dongjigong Shock Absorber Co. Ltd.
  • Festo SE and Co. KG
  • Freudenberg and Co. KG
  • Hitachi Ltd.
  • HL Mando Co. Ltd.
  • ITT Inc.
  • KYB Corp.
  • Marelli Holdings Co. Ltd.
  • MSA DAMPER S.R.L.
  • Parker Hannifin Corp.
  • Tenneco Inc.
  • thyssenkrupp AG
  • WITTMANN Technology GmbH
  • ZF Friedrichshafen AG
.

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Research Analysis Overview

The Automotive Dampers Market encompasses a range of mechanical components that regulate wheel motions in automotive suspension systems. These dampers include linear electrical engines, electronic control units, and anti-roll bars, which work in conjunction with springs and shocks to manage suspension movement and absorb road shocks. In recent years, advancements in technology have led to the development of electronic dampers, which use thermal and kinetic energy to adjust damping force in real-time. This technology is increasingly being adopted in luxury cars and lightweight vehicles to enhance ride comfort and handling. Moreover, the integration of connected car services and anti-roll bars in automotive dampers is a growing trend. These systems help improve safety by reducing body roll and aerodynamic drag on highways and expressways. The market for automotive dampers is not limited to passenger vehicles but also includes the bike segment. Bikes use similar suspension systems with dampers to provide a smoother ride and better handling. In summary, the automotive dampers market is a dynamic and evolving industry that continues to innovate and adapt to meet the changing needs of consumers in the transportation sector. Whether it's for passenger vehicles or bikes, the demand for advanced suspension systems that provide a comfortable and safe ride is driving growth in this market.

Market Research Overview

The Automotive Suspension Industry is witnessing significant growth due to advancements in technology and increasing demand for comfortable and fuel-efficient vehicles. Air suspensions, a popular technology in the industry, utilize dampers to control wheel motions and ensure vehicle stability. OEMs are integrating Electronic Damper Systems, which use linear electrical engines and electronic control units, to enhance response time and suspension control. Dampers, a crucial component of automotive suspension systems, are available in various types, including Pneumatic and Hydraulic, Mono-tube and Twin-tube. They help manage spring vibrations and absorb road shocks, improving comfort for occupants and ensuring vehicle safety. The Bike segment and Passenger Vehicles are major consumers of dampers. Luxury cars and Light Moving Vehicles (LMVs) are increasingly adopting Electronic Damper Systems for improved handling qualities, stability, and ride quality. These systems enable faster turn-off response, smoother ride handling, and better vehicle performance on uneven surfaces. The expansion of cities and longer daily travel lengths necessitate improved suspension control and vehicle safety. Anti-roll bars, damper, and other suspension parts, such as cylinders, pistons, and ports or valves, play a crucial role in managing body roll, yaw, pitch, and vehicle cornering stability. The automotive dampers market faces challenges from factors like thermal energy, kinetic energy, and mechanical component resistance. However, advancements in technology, such as connected car services, continue to drive growth. The market is expected to grow significantly, with sales volume increasing due to the demand for fuel-efficient, lightweight vehicles and the need for improved vehicle safety and performance on highways and expressways. Automotive dampers play a critical role in managing road stress, aerodynamic drag, and emissions, making them an essential component of modern automotive technology.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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