Press release
Shock Absorbers Market Sale is estimated to Reach value of US$ 23.7 Bn by 2030-end
Shock Absorbers Market 2022As per Persistence Market Research analysis, the global automotive shock absorbers market is estimated to be valued at US$ 23.7 Bn in 2030 and expanding at a CAGR of more than 5% over the forecast period of 2021-2031. Hydraulic Automotive Shock Absorbers to Account for Over Two-third Market Share: Persistence Market Research
Request for Free Sample Copy of Shock Absorbers Market Report@https://www.persistencemarketresearch.com/samples/15058
Automotive shock absorbers are hydraulic devices that absorb damp shock impulses from vehicles. Increase in production of vehicles and growing vehicle parc are driving demand for automotive shock absorbers across regions. Increased use of advanced shock absorbers such as regenerative shock absorbers is boosting market growth. Demand for hydraulic shock absorbers will continue to remain high over the next ten years, with this type holding more than two-third market share through 2031.
Key Companies-
• Samvardhana Motherson Group (SMG)
• Magneti Marelli S.p.A.
• Tenneco Inc.
• Meritor, Inc.
• ZF Friedrichshafen AG
• Hitachi Automotive Systems, Ltd.
• SHOWA CORPORATION
• KYB Corporation
• ITT Corporation
• thyssenkrupp AG
• Gabriel India Limited
• Duro Shox Pvt Ltd.
• Arnott Inc.
• ACDelco, Inc.
• Zhejiang Sensen Auto Parts Co., Ltd.
Complete Report Details@https://www.persistencemarketresearch.com/market-research/shock-absorbers-market.asp
Key Takeaways from Market Study
• The global automotive industry has seen significant growth in recent times, which, in turn, has increased demand of automotive shock absorbers. Increase in number of vehicles on road and rise in demand for comfort level in vehicles are driving sales across regions.
• The market is expected to grow significantly in Asia Pacific due to expansion of the automobile industry in Japan, India, and China. India is manufacturing and exporting automotive shock absorbers and struts on a large scale.
• Many manufacturers are using an innovative approach for suspension design. For example: The Lexus ES uses Swing Valve Automotive Shock Absorbers that provide an appropriate damping force even when the slightest movement is experienced in the car's wheels and suspension.
• Hydraulic automotive shock absorbers to remain most sought-after over the coming years.
• Use of automotive shock absorbers to remain highest in passenger vehicles across the world.
• Twin tube design automotive shock absorbers to enjoy over 80% market share by 2031-end.
• The market in the U.S. is expected to expand at close to 4% CAGR through 2031. For China, Japan, and India, expected CAGRs are 5.4%, 5.2%, and 6.5%, respectively.
• Due to the COVID-19 pandemic, demand for automotive shock absorbers has been badly hit, with 2020 growth rate being -14.4%, and 2021 expected growth rate being -6.3%.
"Rising demand for different types of vehicles in recent years and increase in electric vehicle sales are driving factors for the automotive shock absorbers market,'' says a Persistence Market Research analyst.
Buy Now this Report@https://www.persistencemarketresearch.com/checkout/15058
Key Questions Answered in Report
• Which is the most lucrative market for automotive shock absorbers?
• Which is the most preferred sales channel for automotive shock absorbers?
• Which vehicle type has the largest share for automotive shock absorbers?
• Who are some of the leading manufacturers in the automotive shock absorbers market?
Request you to Read More-
Gas-Filled Shock Absorbers Market - https://www.persistencemarketresearch.com/market-research/automotive-gas-charged-shock-absorbers-market.asp
Railway Shock Absorbers Market - https://www.persistencemarketresearch.com/market-research/railway-shock-absorbers-market.asp
About us: -
Persistence Market Research (PMR), as a 3rd-party research organization, does operate through an exclusive amalgamation of market research and data analytics for helping businesses ride high, irrespective of the turbulence faced on the account of financial/natural crunches.
Contact Us:
Persistence market research
Address - 305 Broadway, 7th Floor, New York City, NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com
Germany Office:
Persistence Market Research
Potsdamer Platz 10 Haus 2, 5th Floor Berlin,
Germany 10785
Call +1 888-863-4084
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Shock Absorbers Market Sale is estimated to Reach value of US$ 23.7 Bn by 2030-end here
News-ID: 2772441 • Views: …
More Releases from Persistence Market Research

North America Wiring Devices Market Projected to Reach USD 26.46 Billion by 2031
Overview of the North America Wiring Devices Market
The North America wiring devices market is poised for steady growth over the forecast period, with its size estimated at US$ 18.96 billion in 2024, projected to reach US$ 26.46 billion by 2031, reflecting a CAGR of 4.9%. The market is witnessing substantial expansion due to increasing urbanization, a rising number of residential and commercial construction projects, and the adoption of energy-efficient and…

Global Forged Automotive Components Market Poised for Steady Growth, Projected t …
The global forged automotive components market is on a robust growth trajectory, currently valued at approximately US$ 50.3 billion in 2025 and forecasted to expand to US$ 70.7 billion by the end of 2032. This growth represents a compound annual growth rate (CAGR) of 5.0% over the coming decade, driven by increasing automotive production, technological advancements, and evolving consumer preferences toward durable, high-performance vehicle parts.
Forged automotive components are critical to…

Global Electric Cargo Bike Market Set to Accelerate at 11.9% CAGR, Reaching US$ …
The global electric cargo bike market is set to experience substantial growth over the coming decade, with Persistence Market Research (PMR) forecasting a compound annual growth rate (CAGR) of 11.9% from 2023 through 2032. Valued at approximately US$ 800 million in 2021, the market is expected to surge to a projected valuation of US$ 2.14 billion by the end of 2032. Notably, electric cargo bikes accounted for 66.2% of the…

Bicycle Bearings Market Set for Steady Growth with 6.5% CAGR Through 2032, Drive …
The global bicycle bearings market is poised for significant expansion over the forecast period of 2025 to 2032, according to the latest report released by Persistence Market Research. Valued at approximately US$ 5.99 billion in 2024, the market is projected to reach US$ 6.35 billion by 2025 and further escalate to nearly US$ 9.86 billion by 2032. This growth trajectory reflects a compound annual growth rate (CAGR) of 6.5%, underscoring…
More Releases for Shock
Global Cabin Shock Absorber Market Size by Application, Type, and Geography: For …
According to Market Research Intellect, the global Cabin Shock Absorber market under the Aerospace and Defense category is expected to register notable growth from 2025 to 2032. Key drivers such as advancing technologies, changing consumer behavior, and evolving market dynamics are poised to shape the trajectory of this market throughout the forecast period.
Driven by increasing need for improved vehicle comfort and safety across automotive and heavy-duty transportation sectors, the cabin…
Cardiogenic Shock Treatment Market - Elevating Survival, Empowering Recovery: In …
Newark, New Castle, USA - new report, titled Cardiogenic Shock Treatment Market The report has been put together using primary and secondary research methodologies, which offer an accurate and precise understanding of the Cardiogenic Shock Treatment market. Analysts have used a top-down and bottom-up approach to evaluate the segments and provide a fair assessment of their impact on the global Cardiogenic Shock Treatment market. The report offers an overview of…
Automotive Shock Absorbers Market: Ensuring Safe, Comfortable, and Smooth Drivin …
Automotive shock absorbers are hydraulic devices that absorb damp shock impulses from vehicles. Increase in production of vehicles and growing vehicle parc are driving demand for automotive shock absorbers across regions. Increased use of advanced shock absorbers such as regenerative shock absorbers is boosting market growth. Demand for hydraulic shock absorbers will continue to remain high over the next ten years, with this type holding more than two-third market share…
Automotive Gas Shock Absorbers Market Forecast to 2028 Covid-19 Impact and Globa …
Automotive Gas Shock Absorbers is a device which dampens and absorbs shock impulses and reduces the effect of terrain on uneven roads. These shock absorbers ensure the driving comfort and safety of the passengers. The automotive gas shock absorber market is expected to grow tremendously due to increase in the sales of commercial and passenger vehicles and also because of the rising concern for safety.
The research report focuses on the…
Automotive Shock Absorbers Market
Automotive Shock Absorbers Market 2021-2027 Research Report provides a detailed analysis of global Automotive Shock Absorbers industry competition, driving forces, trends, opportunities, challenges, risks, sales channels, distributors and analysis of Porter’s five forces. This Automotive Shock Absorbers report examines the market size of Automotive Shock Absorbers Market by the top player, regions, array type, measurement, application, and industry.
Download Sample Copy of this Report @ https://www.marketstatsville.com/request-sample/automotive-shock-absorbers-market
With the clear insight this report…
Extracorporeal Shock Wave Lithotripsy Machine Market Report 2018: Segmentation b …
Global Extracorporeal Shock Wave Lithotripsy Machine market research report provides company profile for Dornier, Richard-Wolf, MTS, DirexGroup, Siemens, EDAP TMS, Storz, Medispec, WIKKON, HYDE, Sody, Haibin, Comermy and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to…