Press release
Growth Trajectory of Global Automotive Shock Absorber Market: Forecast for 2025 Fueled by Industry Trends, Key Players, and Market Drivers
Automotive Shock Absorber Market Share
Exploring the considerable spike in the automotive shock absorber market size, driven by increasing vehicle ownership and rise in electric and autonomous vehicles.
What Is The Projected Market Size Of The Global Automotive Shock Absorber Global Market Report 2025 And Its Growth Rate?
• The market size for automotive shock absorbers displayed impressive growth recently, estimated to grow from $14.72 billion in 2024 to $15.52 billion in 2025, at a CAGR of 5.4%.
• Factors such as vehicle safety regulations, increased vehicle ownership, growing demand for comfortable rides, urbanization, and infrastructure development helped fuel growth in the market.
• The automotive shock absorber market size is projected to experience significant growth to reach $19.57 billion in 2029 with a CAGR of 6.0%.
• Positive market trends of the future include the rise of electric and autonomous vehicles, adaptive and smart suspension systems, global urbanization trends, increased focus on vehicle customization, and environmental sustainability concerns.
What Is Driving The Growth In The Automotive Shock Absorber Global Market Report 2025?
A surge in the demand for automobiles is anticipated to stimulate the growth of the automotive shock absorber market. Cars or vehicles, designed for road transport, rely on shock absorbers to control suspension movement and maintain contact between tires and road surface. Robust growth in the EU car market, with a 13.9% increase in sales in 2023, has been reported by the European Automobile Manufacturers' Association (ACEA), leading to a total annual volume of 10.5 million units. Therefore, the thriving demand for automobiles is the significant contributor driving the growth of the automotive shock absorber market.
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Who Are the Key Players Driving Automotive Shock Absorber Global Market Report 2025 Growth?
Major players in the automotive shock absorber market include:
•ZF Friedrichshafen AG
•Magna International Inc.
•Tenneco Inc.
•Marelli Europe S.p.A.
•Benteler Automotive Corporation
•Mando Corporation
What Are The Key Trends In The Automotive Shock Absorber Global Market Report 2025?
Prominent trends in the market include:
•Collaborations for research and development
•Technological advancements in suspension systems
•Advanced materials and coatings
•Personalized driving modes
•Energy harvesting shock absorbers
What Are The Segments Of The Global Automotive Shock Absorber Global Market Report 2025?
The automotive shock absorber market is segmented as follows:
•By Type: Single-Tube Shock Absorbers, Twin-Tube Shock Absorbers
•By Product Type: Hydraulic Type, Gas-Filled Type
•By Technology: Air Shock Absorber, Damping Shock Absorber, Active, Semi-Active
•By Sales Channel: Original Equipment Manufacturer (OEM), After market
•By Application: Passenger Car, SUV Truck, Heavy Vehicle, Electric vehicle
Which Region Leads The Automotive Shock Absorber Global Market Report 2025?
Asia-Pacific was dominant in the automotive shock absorber market in 2024, with Europe forecasted as the fastest-growing region in the future. The regions covered in the automotive shock absorber market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Automotive Shock Absorber Global Market Report 2025 Global Market Report?
- Market Size Analysis: Analyze the Automotive Shock Absorber Global Market Report 2025 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Automotive Shock Absorber Global Market Report 2025 for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Automotive Shock Absorber Global Market Report 2025 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Automotive Shock Absorber Global Market Report 2025.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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