Automotive Shock Absorber Market Trends, Analysis & Forecast, 2032
Automotive Shock Absorber Market is projected to cross USD 22.5 Bn by 2032. A commendable rise in global vehicle production and sales contributes to the growing demand for shock absorbers as a critical component of the automotive suspension system. According to the International Organization of Motor Vehicle Manufacturers (OICA), the United States produced an estimated 14,801,664 vehicles, comprising 10,323,453 cars and 4,478,211 commercial vehicles between 2017 and 2022.
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