The global automotive shock absorber rubber market to grow at a CAGR of 4.06% during the period 2017-2021.
The report, Global Automotive Shock Absorber Rubber Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One trend in the market is increasing use of high-performance silicone rubber. There is an increase in the demand for power and performance of vehicles. The heat generated from downsized engines due to the high compression ratio has increased and requires to be managed and considered.
According to the report, one driver in the market is price margin factors. The aftermarket for automotive parts includes a wide range of overhauled parts and components. The pricing of the parts and components of the vehicles depends on the positioning of the supply chain. The aftermarket is very discount-driven and has different parameters and pricing at each distribution level. It tends to be difficult to offer a general option and an overview of prices for shock absorber rubbers, mainly due to the diverse range of types and models of shock absorber rubbers offered by suppliers in the market.