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Automotive Damper Market
Over the years, suspension system have been a dominating technology with classic combination of shock & spring, as well as anti-roll bars. Although there were some exceptions in the luxury car segment, also it was a cost-effective solution to solve problems around diving ability, responsiveness of the car or ride comfort and other NVH (Noise ventilation Heating) issues. But with the introduction of driver assistance systems and connected cars, there is a component becoming more common place for electronics. Therefore, nowadays electronically controlled damper are added in electric vehicles for its smooth running. As, automotive dampers are primarily designed to provide much smoother ride by damping response from the road. In general, this is a very common device used in automobile suspension system. The main objective of automotive damper is to keep the smooth running of vehicle with optimum grip, when braking and cornering
Increase in preference for smooth running of vehicles will likely to support the demand for automotive damper market. Moreover, growing automotive production coupled with upsurge in demand from aftermarket sales (owing from existing on road vehicle fleet) will in turn increase the demand for Automotive Damper market. Regulations pertaining to environment management and vehicle performance standards is also considered to act as a major buffer for the use of automotive dampers.
However, automobile manufacturers may be cash restrained as they simultaneous investment is required across various mobility verticals. Additionally, owing to the investments in research & development activities there is increase in cost, there has been a replacement effect, which is affecting high-end materials to be substituted by low-end materials to increase the turnover margin. Such factors are may hinder the growth of automotive damper market to a certain extent.
The regional dynamics of the automotive damper market are expected to vary to a great extent across geographies. Asia Pacific is considered to be the major region the global automotive damper sales, and accounting for a major share of the market, in terms of revenue share. The trend is expected to continue during the forecast period due to the consistent rise in demand for passenger cars owing to growing urbanization, and lower interest rates of vehicle financing in the region. Presence of a prominent automotive manufacturers in Japan, India and China is increasing the automotive damper market in the region. This region was followed by North America and Europe, in terms of market value and volume.
Most of the manufacturers are transforming in their product technology or launching new product to capture their share for Automotive Damper market. For instance, one of the prominent manufacturer launched its fourth generation new damper technology that provides magnetic field within the piston to vary the damping force. As an alternative of mechanical valves within the damper, the strength of the magnetic field functioning on the magneto rheological ‘smart fluid’ determines the optimal damping force each second. Another, manufacturers develops new active damping technology that helps to change the damping force level proportionally to the frequency of the movement of the vehicle.
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The global market of Automotive Damper market used for various application is comparatively fragmented and manufacturers see the potential to increase the pace of the growth by the way of product launches and sales through new channels. Some of the market manufacturers identified in the Automotive Damper market across the globe are:
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
The Automotive Damper report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The Automotive Damper provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The Automotive Damper also maps the qualitative impact of various market factors on market segments and geographies.