Automotive & Transportation Market Insights Automotive Gas Charged Shock Absorbers Market | Page 4

Automotive Gas Charged Shock Absorbers Market
Future Market Insights has released a new market study on “Automotive Gas Charged Shock Absorbers Market:
Global Industry Analysis 2013 – 2017 and Opportunity Assessment 2018 – 2027”, which analyses the global
automotive gas charged shock absorbers market and offers deep dive analysis for the period of next nine years.
The report evaluates all the key macro-economic factors which are projected to support the growth of the global
as well as regional markets. The report on the automotive gas charged shock absorbers also discusses the
challenges or restraints in the global market along with the latest trends and perceptive opportunities for all the
market participants across the value chain.
The global automotive gas charged shock absorbers market was valued at US$ 2,295.6 Mn in 2013 and is
anticipated to be valued at US$ 2,853.3 Mn in 2018. The market is expected to grow at a prominent CAGR of
5.3% between 2018 & 2027 and is estimated to reach a global value of US$ 4,529.7 Mn by 2027 end.
Furthermore, the global automotive gas charged shock absorbers market is estimated to create incremental $
opportunity of US$ 1,676.5 Mn over the forecast period.
Automotive Gas Charged Shock Absorbers Market: Dynamics
The lifespan of automotive gas charged shock absorbers depends on the driving condition of vehicles. In good
road conditions, automotive gas charged shock absorbers exhibit an operational lifespan of five to seven years.
However, regular maintenance is required, such as replacement of rubber seal and oil changes. On the flip side,
in bad road conditions, the total operational life of automotive gas charged shock absorbers declines and regular
maintenance is required, which in turn, enriches the aftermarket segment in the global market. Road conditions
in Poland, Indonesia, Vietnam, Brazil and Philippines are poor; therefore, in these countries, the potential for the
aftermarket segment is projected to be medium to high in the global automotive gas charged shock absorbers
market.
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