Global Automotive Shock Absorbers
Market Report
2025
The Automotive Shock Absorbers Market stood at a market value of USD 15.34 Billion in the year 2022. The market CAGR is estimated to expand at 4.8 % during the forecast period of 2023-2030 and reach USD 22.62 Billion by the end of 2030.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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The Automotive Shock Absorber Market stood at a market value of USD 15.34 Billion in the year 2022. The market CAGR is estimated to expand at 4.8 % during the forecast period of 2023-2030 and reach USD 22.62 Billion by the end of 2030.
2024 | 2025 | 2032 | 2033 | CAGR | |
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Global Automotive Shock Absorbers Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 4.8% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Product Type |
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Market Split by Vehicle Type |
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Market Split by Mechanism |
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Market Split by Technology |
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Market Split by Sales Channel |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Automotive Shock Absorbers Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Shock absorbers are hydraulic (oil) pump-like components that help to regulate how the vehicle's springs and suspension move during impact and rebound. The primary function of the shock absorber is to guarantee that the tires of the vehicle always remain in touch with the road surface. This provides the safest control and braking reaction from the vehicle in addition to minimizing bumps and vibrations. The steering, road handling, and brake response of the car will be excellent as long as its tires are in contact with the pavement, which will contribute to driver safety.
The growing automotive industry and rising demand for lightweight automotive components in vehicles are the major driving factors for the growth of the automotive shock absorbers market. The production of vehicles is increasing, due to the increasing demand from customers, the growing need for suitable transportation options, their rising spending capacity, and the increasing demand for luxurious cars. According to IBEF (India Brand Equity Foundation), the annual production of automobiles in India, in 2022 was 22.93 million vehicles.
Increasing need for vehicle safety infrastructure, and growing investment in automotive research and development can create lucrative opportunities for the global automotive shock absorber market. In addition, the growing industrialization across the globe leads to the growing need for suitable transportation in various industries, which is estimated to propel the market growth during the forecast period. However, fluctuating raw material prices, and emerging competition due to alternative technologies can hinder the growth of the market.
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The competitive landscape in the Automotive Shock Absorbers market refers to the structure of the industry and the nature of competition among key players. It encompasses factors like market share distribution, major competitors, competitive strategies, and how companies position themselves in the market to gain a competitive edge. It also provides recent activities such as acquisition, merger, expansion, etc and financial position of the companies. It further includes strategies implemented by competitors to mitigate the impact of the pandemic, such as cost-cutting measures, diversification of supply chains, or adoption of digital technologies. Other factors that may be included in the competitive landscape are technological advancements, innovation in offerings, regulatory compliance, market positioning, and sustainability practices. This comprehensive view enables stakeholders to gain valuable insights into the competitive dynamics and make informed decisions within the transport and logistics sector. (To read more request the sample pages or speak to analyst/author directly).
Top Companies Market Share in Automotive Shock Absorbers Industry: (In no particular order of Rank)
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APAC region is estimated as the dominating region for the global automotive shock absorber market. This region is projected to maintain its dominance over the forecast period. Increasing disposable income leads to the increasing buying power of customers, and thereby the demand for luxurious products is also increased. Further, the production of automobiles is also increased in developing countries like China, India, and Japan. According to IBEF (India Brand Equity Foundation), India is a leading auto exporter with high prospects for export growth in the near term.
Additionally, a number of government-sponsored programs, including the Automotive Mission Plan 2026, the scrappage policy, and the production-linked incentive program in the Indian market, are anticipated to elevate India to a position of prominence in the global two- and four-wheeler markets by 2022. Moreover, According to NITI Aayog and the Rocky Mountain Institute (RMI), the Indian EV finance market is anticipated to reach Rs. 3.7 lakh crore (US$ 50 billion) by 2030.
The current report Scope analyzes Automotive Shock Absorbers Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Automotive Shock Absorbers Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Automotive Shock Absorbers Industry growth. Automotive Shock Absorbers market has been segmented with the help of its Product Type, Vehicle Type Mechanism, and others. Automotive Shock Absorbers market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
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Based on vehicle type, the market is segmented into Two & Three Wheelers, Passenger Vehicles, LCVs, HCVs, and others. The two & Three Wheelers segment is estimated as the dominating segment, owing to the increasing demand for two-wheelers in developing countries. In addition, Two-wheelers are adopting new technology to reduce weight and improve durability, which is a key factor driving the development of lightweight shock absorbers.
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The market is divided into two categories: OEM and Aftermarket, depending on the sales channel. Since millions of new vehicles are fitted with shock absorbers each year, OEMs are in high demand for them. Although the replacement market accounts for one-third of total shock absorber sales, OEM demand for shock absorbers is consistent and stable.
Research Analyst at Cognitive Market Research
I am a research analyst working in the Transport & Logistics domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.
Sneha Mali is a research analyst working in various domains including the Consumer Goods, market research and transport & logistics and her primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. Her knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively.Sneha stay up-to-date with the latest research trends, methodologies, and technologies to ensure that her research is accurate, relevant, and impactful.
In her current role, Sneha is committed to continuous learning and staying abreast of emerging trends in research methodologies. Regular participation in workshops, webinars, and industry conferences ensures that her skills remain sharp and relevant. She have demonstrated ability to transform complex data sets into clear and concise narratives that inform key business strategies. Collaborating with cross-functional teams.Sneha remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Automotive Shock Absorbers Market is witnessing significant growth in the near future.
In 2023, the Regenerative Shock Absorber segment accounted for noticeable share of global Automotive Shock Absorbers Market and is projected to experience significant growth in the near future.
The Passenger Vehicles segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies ACDelco, Duro Shox Pvt. Ltd and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Product Type | Regenerative Shock Absorber, Conventional Shock Absorber |
Vehicle Type | Passenger Vehicles, LCVs, HCVs, Two & Three Wheelers, Others |
Mechanism | Hydraulic, Gas-Filled, By Technology, Active, Passive |
Technology | Active, Passive |
Sales Channel | OEM, Aftermarket |
List of Competitors | ACDelco, Arnott Industries, Duro Shox Pvt. Ltd, Gabriel India Ltd, Hitachi Automotive Systems Ltd, ITT Corporation, KYB Corporation, Marelli (Magneti Marelli CK Holdings Co. Ltd.), Meritor Inc, Samvardhana Motherson Group, Showa Corporation, Tenneco Inc, ThyssenKrupp AG, ZF Friedrichshafen AG, Zhejiang Sensen Auto Parts Co. Ltd |
This chapter will help you gain GLOBAL Market Analysis of Automotive Shock Absorbers. Further deep in this chapter, you will be able to review Global Automotive Shock Absorbers Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Automotive Shock Absorbers. Further deep in this chapter, you will be able to review North America Automotive Shock Absorbers Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Automotive Shock Absorbers. Further deep in this chapter, you will be able to review Europe Automotive Shock Absorbers Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Automotive Shock Absorbers. Further deep in this chapter, you will be able to review Asia Pacific Automotive Shock Absorbers Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Automotive Shock Absorbers. Further deep in this chapter, you will be able to review South America Automotive Shock Absorbers Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of Automotive Shock Absorbers. Further deep in this chapter, you will be able to review Middle East Automotive Shock Absorbers Market Split by various segments and Country Split.
Chapter 6 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of Automotive Shock Absorbers. Further deep in this chapter, you will be able to review Middle East Automotive Shock Absorbers Market Split by various segments and Country Split.
Chapter 7 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of Automotive Shock Absorbers. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Product Type Analysis 2019 -2031, will provide market size split by Product Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Product Type Analysis 2021 - 2033
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Chapter 11 Market Split by Vehicle Type Analysis 2021 - 2033
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Chapter 12 Market Split by Mechanism Analysis 2021 - 2033
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Chapter 13 Market Split by Technology Analysis 2021 - 2033
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Chapter 14 Market Split by Sales Channel Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Automotive Shock Absorbers market
Chapter 15 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 16 Research Methodology and Sources
Why Regenerative Shock Absorber have a significant impact on Automotive Shock Absorbers market? |
What are the key factors affecting the Regenerative Shock Absorber and Conventional Shock Absorber of Automotive Shock Absorbers Market? |
What is the CAGR/Growth Rate of Passenger Vehicles during the forecast period? |
By type, which segment accounted for largest share of the global Automotive Shock Absorbers Market? |
Which region is expected to dominate the global Automotive Shock Absorbers Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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