Automotive & Transportation Market Insights Automotive Gas Charged Shock Absorbers Market | Page 6

Automotive Gas Charged Shock Absorbers Market
Automotive Gas Charged Shock Absorbers Market: Forecast
By region, Europe is estimated to dominate the global automotive gas charged shock absorbers market. The
Europe automotive gas charged shock absorbers market is expected to gain 12 BPS points between 2018 and
2027.
Moreover, the APEJ segment is estimated to be a high growth market over the forecast period. This region is
projected to grow at a CAGR of 5.9% over the forecast period and this is solely because of the increasing
production of vehicles as well as the two wheelers.
By vehicle type segment, in terms of volume and value, the passenger car segment is estimated to lead the
global automotive shock absorbers market throughout the forecast period. For the two wheelers segment, the
APEJ region is the most lucrative region as almost 60% of the sales comes from this region. The passenger car
automotive gas charged shock absorbers market is expected to create incremental $ opportunity of US$ 70.5 Mn
between 2018 and 2027 in the global automotive gas charged shock absorbers market.
By design segment, FMI forecasts that the Mono tube automotive gas charged shock absorbers segment is
projected to be valued at US$ 1,012.5 Mn in 2027 from US$ 517.4 Mn in 2018. This represents a compound
annual growth rate (CAGR) of 7.7% from 2018 to 2027.
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