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Showing posts with the label shock absorbers market shape

Shock Absorbers Market - Forecast(2022 - 2027)

Shock absorber or Shock damper is a mechanical or hydraulic device installed in automobiles specifically to absorb and damp shock impulses. It does this by converting the kinetic energy of the shock into another form of energy (typically heat) which is then dissipated. Globally increasing automobile demand and production along with increasing demand for the high comfort level vehicles is expected to remain factor driving the growth of shock absorber market during the period of study. However, adjuster shock absorber market is also expected to face stiff challenge from the adoption of alternatives of shock absorber devices with advanced technologies in majority of its end-use applications during the period of study. This report identifies the global Shock absorbers market size in for the year 2018-2013, and forecast of the same for year 2023. It also highlights the potential growth opportunities in the coming years, while also reviewing the market drivers, restraints, growth indicators...