Technically, theoretically automotive gas charged shock absorbers witnessed massive improvements over the 20th century. Nevertheless, developments in automobiles as well as use of automobiles demanding new range of gas charged shock absorbers is now observed at each turn and milestone of the automobile industry. Therefore, 21st century significantly witnesses more sophisticated designs and concepts of automotive gas charged shock absorbers. Focus of automotive industry has turned towards customization of the products depending on the vehicle they are about to be imparted with. According to a latest published report by FMI (Future Market Insights), automotive gas charged shock absorbers market on a global basis is projected to surpass a value of US$ 2Billion in 2019.
Mono Automotive Gas Charged Shock Absorbers to Gain Prominence in Two Wheelers
The mono tube automotive gas charged shock absorbers are gaining significant prominence amongst the two wheelers over twin automotive gas charged shock absorbers. The preference is mainly attributed towards weight reduction with availability of just one unit. Also, mono automotive gas charged shock absorbers can be placed based on the consumer requirement, in order to attain better stability at higher speeds. Two wheelers hold high range with regards to rear seat height adjustments. Therefore, experiencing comfortable rides even in bad roads is possible with mono automotive gas charged shock absorbers.
Passenger Cars to Hold Significant Opportunities
With growing demand for enhanced on-road performance and protection from the crucial vehicular components against early failure and tear is influencing the manufacturers in automotive industry to adopt damping control technology, thereby fuelling need for the automotive gas charged shock absorbers. With growing need for exceptional driving experience and comfort level, passenger cars drive the demand for twin tube automotive gas charged shock absorbers.
Aftermarket Sales to Remain Prominent In 2019
The overall duration of automotive gas charged shock absorbers is dependent on road conditions as well as the driving method. Nevertheless, regular care is a significant need and with severe road conditions, need for replacing gas charged shock absorbers comes in play, thereby driving the demand for aftermarket sales in automotive gas charged shock absorbers market. In regions such as Philippines, Brazil, Vietnam, Indonesia and Poland, the road conditions are extremely poor. Therefore, aftermarket sales demand is anticipated to grow exponentially in Asia-Pacific, Latin America and Europe. In addition, aftermarket sales in Europe is anticipated to hold over 30% share in the overall automotive gas charged shock absorbers market in 2019.
Europe to Take the Lead In 2019
In 2019, Europe is anticipated to take the lead in automotive gas charged shock absorbers market with strong demand from automotive accessories and parts industry. Growing shift towards ADAS (Advanced driver-assistance systems) and EVs (electric vehicles), heavy investments in R&D as well as collaboration with the tech companies are projected to be the notable trends in Europe automotive gas charged shock absorbers market.
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