Automotive Shock Absorber Industry Report, 2018-2022” report
has been added to ResearchAndMarkets.com’s offering.
The Chinese market demand for automotive shock absorber reached 225
million units in 2017, a year-on-year rise of 7.2%, and is expected to
hit 318 million units in 2022 thanks to rapid expansion of the
automobile (NEV in particular) market.
OEM market: the demand for automotive shock absorber has much bearing on
China’s automobile output. The country’s car production rose by 3.2%
from a year ago to 29.02 million units in 2017 and is expected to reach
34.55 million units in 2022, boosting the demand for automotive shock
absorber from 116 million units in 2017 to 138 million units in 2022,
presenting a CAGR of 3.6%.
After-sales maintenance market: massive car ownership creates a large
after-sales market. An estimated 180 million shock absorbers will be
needed in the Chinese automotive aftermarket in 2022.
Enterprise landscape: the key players in the Chinese shock absorber
market include sole proprietorships or joint ventures of world-renowned
shock absorber firms (ZF, Tenneco, KYB, Mando, SHOWA, ThyssenKrupp,
etc.) and local Chinese peers (Nanyang Xijian Auto Shock Absorber, ADD
Industry (Zhejiang), Chengdu Jiuding Science & Tech. and BeijingWest
Attracted by China’s enormous AM demand, global and local Chinese shock
absorber producers have quickened their presence in shock absorber
market. The Tenneco’s new shock absorber project in Changzhou city,
which began construction in Sept 2017, will be built at the end of 2018,
adding 18 million units/a.
Key Topics Covered:
1 Overview of Automotive Shock Absorber
2 Global and Chinese Automobile Market
3 Chinese Automotive Shock Absorber Market
4 Major Foreign Manufacturers
5 Major Chinese Shock Absorber Manufacturers
For more information about this report visit https://www.researchandmarkets.com/research/b9zztg/china_automotive?w=4
View source version on businesswire.com: https://www.businesswire.com/news/home/20180625005498/en/