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Rising Automobile Demand Fuels Surge In Automotive Shock Absorber Market Driver: Leading Transformation in the Automotive Shock Absorber Market in 2025
Automotive Shock Absorber Global Market Report 2025
The expansion of the automotive shock absorber market is anticipated to be driven by the increased demand for cars, also referred to as automobiles or vehicles. These self-operated, wheeled vehicles are designed for road travel and utilise shock absorbers to regulate suspension activity and maintain the contact of tires with the road. For example, the European Automobile Manufacturers' Association (ACEA), a Belgium-based automobile industry advocacy and standards organization, reported strong growth in the EU car market in January 2024. Sales in 2023 saw an increase of 13.9%, reaching 867,052 units, elevating the total annual volume to 10.5 million units compared to the prior year. Majority of the markets saw growth in double digits, with the three largest being Italy (+18.9%), Spain (+16.7%), and France (+16.1%). Yet, the growth in Germany was more modest, at a yearly increase of 7.3%. Thus, the upswing in automobile demand is propelling the expansion of the automotive shock absorber market.
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What Is the projected market size and growth rate for the automotive shock absorber market?
The market size of automotive shock absorbers has seen robust growth in the past few years. The market value is predicted to increase from $14.72 billion in 2024 to $15.52 billion in 2025, marking a compound annual growth rate (CAGR) of 5.4%. Factors such as vehicle safety standards, growth in vehicle ownership, heightened demand for comfortable travel, the prevalence of off-road and performance vehicles, and urbanization and infrastructure development have all contributed to the expansion witnessed in the historical period.
In the coming years, the market size for automotive shock absorbers is set to experience significant growth. By 2029, the market is forecasted to reach $19.57 billion, with a compound annual growth rate (CAGR) of 6.0%. This growth during the projected period can be traced back to increases in electric and autonomous vehicles, adaptive and intelligent suspension systems, global urbanization patterns, intensified attention on vehicle personalization, and concerns over environmental sustainability. Key trends for this projection period encompass partnerships for research and development, advancements in suspension system technology, cutting-edge materials and coatings, custom driving settings, and energy-recycling shock absorbers.
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What new trends are reshaping the automotive shock absorber market and its opportunities?
The rising trend of product innovations is noteworthy in the automotive shock absorber market. Many key businesses in this market are embracing unique product developments to maintain their market status. Take for example, ZF Friedrichshafen AG, an auto components manufacturer from Germany, introduced the TRW shock absorbers in April 2023. One of the distinct aspects of TRW shock absorbers is that they are made adhering to strict Original Equipment (OE) quality standards, which results in superior performance, increased vehicle safety, comfort and better vehicle handling. The shock absorbers feature cutting-edge technology, including a piston rod surface that is 20% smoother, leading to less friction and longer durability, in addition to metal discs in the piston valve, guaranteeing faster response times.
What major market segments define the scope and growth of the automotive shock absorber market?
The automotive shock absorber market covered in this report is segmented -
1) By Type: Single-Tube Shock Absorbers, Twin-Tube Shock Absorbers
2) By Product Type: Hydraulic Type, Gas-Filled Type
3) By Technology: Air Shock Absorber, Damping Shock Absorber, Active, Semi-Active
4) By Sales Channel: Original Equipment Manufacturer (OEM), After market
5) By Application: Passenger Car, SUV Truck, Heavy Vehicle, Electric vehicle, Other Applications
Subsegments:
1) By Single-Tube Shock Absorbers: Gas-Charged Single-Tube Shock Absorbers, Oil-Filled Single-Tube Shock Absorbers
2) By Twin-Tube Shock Absorbers: Gas-Charged Twin-Tube Shock Absorbers, Oil-Filled Twin-Tube Shock Absorbers
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Which region dominates the automotive shock absorber market?
Asia-Pacific was the largest region in the automotive shock absorber market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive shock absorber market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Which key market leaders are driving the automotive shock absorber industry growth?
Major companies operating 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, Sumitomo Riko Company Limited, KYB Corporation, Hitachi Astemo Ltd., Continental AG, Moog Inc., Meritor Inc., Showa Corporation, FOX Factory Holding Corp., Endurance Technologies Limited, BWI Group, DMA Sales Inc., Arnott Industries, Denso Corporation, KONI BV, Datsons Engineering Works Pvt Ltd., Brinn Inc., ACDelco Corporation, H&R Spezialfedern GmbH & Co. KG, FCS Automotive International Inc., Ohlins Racing AB, QBAutomotive LLC, Kobe Suspension Co Pvt Ltd.
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What Is Covered In The Automotive Shock Absorber Global Market Report?
• Market Size Forecast: Examine the automotive shock absorber market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the automotive shock absorber market for a structured understanding.
• Key Players Overview: Analyze major players in the automotive shock absorber market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the automotive shock absorber market.
• Segment Contributions: Evaluate how different segments drive overall growth in the automotive shock absorber market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the automotive shock absorber market.
• Industry Challenges: Identify potential risks and obstacles affecting the automotive shock absorber market.
• Competitive Landscape: Review strategic developments in the automotive shock absorber market, including expansions, agreements, and new product launches.
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