NEW YORK , July 26, 2024 /PRNewswire/ -- The global automotive dampers market size is estimated to grow by USD 4.54 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 2.
12% during the forecast period. Growth in production volume of passenger vehicles is driving market growth, with a trend towards increasing developments in automotive damper. However, use of faulty dampers leading to vehicle recalls poses a challenge.
Key market players include ANAND Group, Asia America Industrial Manufacturing Inc., Beijing Shougang Co. Ltd.
, Cummins Inc., Dexko Global Inc., Duroshox Pvt.
Ltd., FAW Dongjigong Shock Absorber Co. Ltd.
, Festo SE and Co. KG, Freudenberg and Co. KG, Hitachi Ltd.
, HL Mando Co. Ltd., ITT Inc.
, KYB Corp., Marelli Holdings Co. Ltd.
, MSA DAMPER S.R.L.
, Parker Hannifin Corp., Tenneco Inc., thyssenkrupp AG, WITTMANN Technology GmbH, and ZF Friedrichshafen AG.
Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report Market Driver The global automotive dampers market is experiencing notable trends, including the adoption of electromechanical rotary damper designs. Vendors are developing new damper models to gain a competitive edge. For instance, Audi introduced eROT, an electromechanical rotary damper system that recovers kinetic energy during damper movement.
This energy recovery system, similar to regenerative braking, can harness wasted energy from vehicle motion. T.