About Industrial Shock Absorber
Industrial shock absorbers are hydraulically powered devices that are used to reduce vibrations in moving objects. These devices also aid in reducing machine noise, processing speed, output efficiency, and the long-term reliability of manufacturing facilities. The motion is applied to the shock absorber by the piston, which transforms kinetic energy into thermal energy. The benefit of using an industrial shock absorber is that it removes shock and vibration from the system on a daily basis, eliminating machine harm while also lowering repair costs and downtime.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 4.7% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that Global Manufacturers will contribute the maximum growth to Global Industrial Shock Absorber market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
ACE Controls Inc. (United States), BIBUS AG (Switzerland), Modern Industries, Inc. (United States), Universal Power Conversion, Inc. (United States), Weforma Dämpfungstechnik GmbH (Germany), Slam Proof Ltd. (United Kingdom) and Parker Hannifin Corporation (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are KYB Corporation (Japan), Pennar Industries Limited (India) and ZIMMER GROUP (Germany).
Segmentation Overview
AMA Research has segmented the market of Global Industrial Shock Absorber market by Type (Adjustable Shock Absorber and Non-adjustable Shock Absorber), Application (Metalworking, Factory Automation, Material Handling & Packaging, Pharmaceutical & Medical and Others) and Region.
On the basis of geography, the market of Industrial Shock Absorber has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End User Industry, the sub-segment i.e. Pharmaceutical & Medical will boost the Industrial Shock Absorber market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Operation, the sub-segment i.e. Mechanical will boost the Industrial Shock Absorber market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Thread Size, the sub-segment i.e. Miniature Shock Absorber will boost the Industrial Shock Absorber market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
New Product Developments with Advanced Features
Market Growth Drivers:
Growing Material Handling and Packaging Industry Worldwide and Highly Suitable for Reducing Maintenance Cost of Machines in Automotive, Aerospace and Defense, and Other Industries
Challenges:
Require Regular Checking and Maintenance
Restraints:
Fluctuation in the Price of Raw Material
Opportunities:
Growing Demand from End-use Industries such as Factory Automation, and Others and Manufacturers Focusing on Implementing Automation Production Processes across Various Industries
Market Leaders and their expansionary development strategies
In August 2023, BWI Group, an automotive braking and suspension system specialist, has partnered with ClearMotion, a proactive suspension and road sensing software company, to supply essential full-active suspension components and subsystems to an unnamed “leading” Chinese New Energy Vehicle (NEV) manufacturer.
In August 2023, Hendrickson launched air and mechanical suspensions for trailer applications. These are designed according to the prevailing road conditions and changing infrastructure in India.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Industrial Shock Absorber Manufacturer, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.