QYResearch: Global Shock Absorber Will Reach 18.6 Billion USD in 2022

Author: Zhang Ning  

Publisher: QYResearch  

Recently, QYResearch published a report on shock absorber. A shock absorber (also known as damper) is a mechanical or hydraulic device designed to absorb and damp shock impulses in an automotive or motorcycle. It does this by converting the kinetic energy of the shock into another form of energy which is then dissipated. Most shock absorbers are a form of dashpot.

In the last several years, the development of shock absorber industry is relative stable with average growth rate of 4.79%. In 2016, the global capacity of shock absorber is nearly 1.43 billion units and the actual production is about 1.11 billion units.

China is the largest supplier of shock absorber with many local manufacturers and some plant built by international manufacturers like ZF, Tenneco, Showa, KYB and Mando. Each international manufacturer may have a capacity over tens of million units.

With developed automotive and motorcycle industry, Europe is in the first place of the consumption market. In addition, Europe is also the second largest manufacturer in the market, with a market share over 22%.

Followed Europe, China is the fast developing region with consumption market share of 24.44% in 2016. The amount of automotive manufactured in China is more than 28 million units, which will require over 112 million unit shock absorbers.

The twin-tube design is most used on cars, light trucks, SUV’s and vans. It’s a cost effective and it can provide excellent handling & control characteristics for most driving conditions. The mono-tube design offers additional performance and can have a more aggressive ride.

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