Global Market for Automotive Shock Absorbers to Exceed US$3.25 Billion by 2010, According to a New Report by Global Industry Analysts

Worldwide market for automotive shock absorbers is witnessing a lethargic growth. This scenario is directly reflecting the lack of consumer awareness and low rates of shock absorber replacement over the lifetime of the vehicle. Global market for automotive shock absorbers is projected to exceed US$3.25 billion by 2010.

San Jose, CA (PRWEB) March 5, 2008 -- In general, consumers replace shock absorbers only when they show deterioration signs. Added to this, the quality of shock absorbers has increased to a great extent during the past few years, thus impacting the replacement market. Among other things, improved road conditions have reduced the need for shock absorber replacements. A shift towards bi-tube shock absorbers from mono-tube shock absorbers, and the development of gas shock absorbers, which effectively extend the product life, has also affected the shock absorber market.

United States market for shock absorbers is estimated at US$672 million for 2007. Europe represents the largest automotive shock absorbers market, with sales projected to reach US$1.39 billion by 2010. Global OEM automotive shock absorbers market is estimated at US$2.12 billion for 2007. US sales of aftermarket automotive shock absorbers are expected to grow at a compounded annual rate of 1.46% over the period 2001-2010.

Automotive Shock Absorbers: A Global Strategic Business Report

Key players listed in the report include ArvinMeritor Inc., Delphi Corp., Gabriel India Ltd., Hitachi Automotive Systems, Kayaba Industry Co., Ltd., Koni BV, Magneti Marelli Holding S.p.A., Munjal Showa Ltd., Quinton Hazell Automotive Limited, Showa Corp., Sudburg-Werk GmbH & Co. KG, Tenneco Inc, ThyssenKrupp Automotive and ZF Friedrichshafen AG.

"Automotive Shock Absorbers: A Global Strategic Business Report" published by Global Industry Analysts, Inc., analyzes the global market with hard-to-find data and analytics for key regional markets such as the United States, Europe and Japan, alongside up and coming markets such as Asia-Pacific and Latin America. The report provides a comprehensive review of market trends and issues, drivers, business profile, players, competitive landscape, recent developments, mergers, acquisitions, alliances, product launches and other strategic industry activities. Analytical estimates and projections are presented in terms of annual sales in US$ over the years 2001 through 2015. Historic data is also provided for an insight into market evolution over the period 1991-2000. End-use segments independently analyzed in the report include Original Equipment Manufacturers and Aftermarket.

For more details about this research report, please visit
http://www.strategyr.com/Automotive_Shock_Absorbers_Market_Report.asp.

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Web Site www.StrategyR.com

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