openPR Logo
Press release

Global Automotive Shock Absorber Market Thrives on EV Adoption and Technological Advancements

Automotive Shock Absorber Market

Automotive Shock Absorber Market

Automotive Shock Absorber Market Set for Robust Growth with Key Regional Developments

The global automotive shock absorber market, valued at approximately USD 14.5 billion in 2022, is projected to grow at a CAGR of 5.2%, reaching USD 21.8 billion by 2030. The increasing demand for passenger and commercial vehicles, coupled with advancements in suspension technology, is driving market expansion. The rise in electric and hybrid vehicles has further contributed to the growing need for high-performance shock absorbers.

Explore the market further-request a sample report today : https://www.maximizemarketresearch.com/request-sample/55709/

Competitive Landscape and Regional Demand

The automotive shock absorber market is highly competitive, with major players such as KYB Corporation, ZF Friedrichshafen AG, Tenneco Inc., Showa Corporation, and Gabriel India Limited leading the industry. Asia Pacific and North America are witnessing the highest demand due to rising vehicle production and increasing focus on ride comfort and vehicle safety.

United States: Growth and Consolidation

The United States remains a significant player in the automotive shock absorber market, fueled by strong automobile production and aftermarket sales. The market is expected to reach USD 6.5 billion by 2030, driven by the increasing adoption of advanced suspension systems in electric and autonomous vehicles.

Key industry players such as Tenneco Inc. are investing in next-generation shock absorbers with electronic damping control, catering to the evolving needs of the automotive sector. Additionally, ZF Friedrichshafen AG has expanded its U.S. operations to support growing demand in both OEM and aftermarket segments.

For full access to the data, request a sample report now : https://www.maximizemarketresearch.com/request-sample/55709/

Asia Pacific: Opportunities and Trends

Asia Pacific is the fastest-growing region for the automotive shock absorber market, with China, India, and Japan leading in vehicle production and technological innovation. The market size in Asia Pacific is expected to surpass USD 9 billion by 2030, driven by rapid urbanization and increasing disposable income.

Key industry players such as KYB Corporation and Showa Corporation are expanding their production facilities in China and India, strengthening their regional market presence. Moreover, the rise in electric vehicles (EVs) in China and government initiatives supporting sustainable automotive solutions are fueling demand for advanced shock absorber technologies.

Middle East and Africa: Trends and Updation

The Middle East and Africa (MEA) market is experiencing moderate growth, driven by rising demand for off-road vehicles and commercial transportation. Countries like Saudi Arabia and South Africa are witnessing increased investment in automotive manufacturing and infrastructure development, creating opportunities for the shock absorber industry.

Recent developments include strategic partnerships between regional manufacturers and global companies to enhance the supply chain for automotive components. Additionally, government initiatives to localize automotive production in the Gulf region are expected to positively impact the shock absorber market.

Europe: Growth and Consolidation

Europe is a major market for automotive shock absorbers, with a focus on safety, comfort, and regulatory compliance. The market is projected to reach USD 5.8 billion by 2030, driven by the increasing adoption of electric vehicles and premium car sales.

Leading companies such as ZF Friedrichshafen AG and KYB Corporation are investing in electronically controlled shock absorbers, improving vehicle handling and comfort. Additionally, the European Union's strict vehicle safety regulations are encouraging manufacturers to enhance shock absorber performance and sustainability.

Check out our trending studies to understand industry shifts :

♦ Beverages Flavor Market https://www.maximizemarketresearch.com/market-report/beverages-flavor-market/122340/

♦ Organic Soup Market https://www.maximizemarketresearch.com/market-report/organic-soup-market/221137/

♦ Dulse Palmaria Market https://www.maximizemarketresearch.com/market-report/dulse-palmaria-market/199890/

Reach Out to Maximize Market Research for In-Depth Analysis and Market Insights :

MAXIMIZE MARKET RESEARCH PVT. LTD.
3rd Floor, Navale IT park Phase 2,
Pune Banglore Highway, Narhe
Pune, Maharashtra 411041, India.
sales@maximizemarketresearch.com
www.maximizemarketresearch.com

About Us

Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.

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 Global Automotive Shock Absorber Market Thrives on EV Adoption and Technological Advancements here

News-ID: 3900183 • Views:

More Releases from MAXIMIZE MARKET RESEARCH PVT. LTD.

English Proficiency Test Market Size, Share, Growth, Trends, Applications, and Industry Strategies
English Proficiency Test Market Size, Share, Growth, Trends, Applications, and I …
The English Proficiency Test Market size was valued at USD 2.1 Billion in 2024 and the total English Proficiency Test revenue is expected to grow at a CAGR of 8.56% from 2025 to 2032, reaching nearly USD 4.05 Billion. English Proficiency Test Market Overview: The English Proficiency Test Market, valued at USD 2.1 billion in 2024, is anticipated to reach nearly USD 4.05 billion by 2032, expanding at a CAGR of 8.56%.
Industrial Internet of Things (IIoT) Market Outlook and Future Trends - Expected to Reach USD 298.25 Billion by 2030
Industrial Internet of Things (IIoT) Market Outlook and Future Trends - Expected …
Industrial Internet of Things (IIoT) Market size was valued at USD 182.13 Billion in 2023 and the total Industrial Internet of Things (IIoT) revenue is expected to grow at a CAGR of 7.3% from 2024 to 2030, reaching nearly USD 298.25 Billion by 2030. Industrial Internet of Things (IIoT) Market Overview: The Industrial Internet of Things (IIoT) Market is transforming industrial operations by connecting machines, sensors, and devices to generate real-time data
Edge AI Market Outlook and Future Trends - Expected to Reach USD 90.77 Billion by 2032
Edge AI Market Outlook and Future Trends - Expected to Reach USD 90.77 Billion b …
Edge AI Market size was valued at USD 20.97 Billion in 2024 and the total Edge AI revenue is expected to grow at a CAGR of 20.1% from 2025 to 2032, reaching nearly USD 90.77 Billion. Edge AI Market Overview: The Edge AI Market is revolutionizing how artificial intelligence operates by bringing computation and data processing closer to the data source instead of relying solely on centralized cloud systems. This decentralized approach
Marine Coatings Market to Reach USD 10.20 Billion by 2032, Growing at a CAGR of 6.24% (2025-2032)
Marine Coatings Market to Reach USD 10.20 Billion by 2032, Growing at a CAGR of …
Marine Coatings Market was valued at USD 6.28 Billion in 2024, and it is expected to reach USD 10.20 Billion by 2032, exhibiting a CAGR of 6.24% during the forecast period (2025-2032). Marine Coatings Market Overview Marine coatings are specialized coatings applied to ships and marine vessels to enhance aesthetics, protect against corrosion and fouling below the waterline, and resist the effects of UV radiation, chemicals, and impact above the waterline. These

All 5 Releases


More Releases for Automotive

Automotive Grommet Market set for explosive growth: Cooper Standard Automotive, …
According to HTF MI, "Global Automotive Grommet Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2030". The Global Automotive Grommet Market is anticipated to grow at a compound annual growth rate (CAGR) of 5.96% from 2024 to 2030, reaching USD 100 Billion in 2024 and USD 150 Billion by 2030. Automotive grommets are protective rings or eyelets made from rubber or plastic, used to protect or cover holes in metal
KSA Automotive Market | KSA Automotive Industry | KSA Automotive Industry Resear …
Saudi Arabia’s automotive market faced a decline in new car sales due to tripling of value-added tax (VAT) rates. Effective in July 1, 2020, Saudi Arabia hiked its VAT from 5% to 15%. Vision 2030 trying to attract foreign investment to kick start Dammam manufacturing city to aid re-exports & fulfill domestic demand Surge in Domestic Manufacturing to gain independence of Imports: With Vision 2030, KSA is trying to gain impendence of
Automotive Fuel Injectors Market: Growing Automotive Sales Fueling Automotive Fu …
Automotive fuel injectors market is likely to grow at a steady pace in the long run, according to a new report by Fact.MR. The demand for automotive fuel injectors continues to remain influenced with a multitude of industry-specific and macroeconomic factors. Significant growth in the automotive sector, coupled with increasing vehicle fleet remain instrumental in driving the demand for automotive fuel injectors worldwide. Fact.MR estimates that the sales of automotive fuel injectors are expected
Global Automotive Safety Market 2019 Worldwide Outlook By Autoliv, Delphi Automo …
Automotive safety systems are designed to comply with the standards and regulations prescribed by government agencies and transport authorities worldwide. Passive safety systems are designed to protect passengers, drivers, and pedestrians during an accident. In terms of region, the global Automotive Passive Safety Systems market can be segmented into North America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is likely to hold a prominent share of the global
Global Oil Pump for Automotive Market 2018 Analysis -Bosch,Denso,Aisin Seiki,Del …
According to this study, over the next five years the Oil Pump for Automotive market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2023, from US$ xx million in 2017. In particular, this report presents the global market share (sales and revenue) of key companies in Oil Pump for Automotive business. Get Sample Copy of this Report for more Information
Global Automotive Body Welded Assembly Market 2018 - Daesan, Baylis Automotive, …
Accord Market, recently published a detailed market research study focused on the “Automotive Body Welded Assembly Market” across the global, regional and country level. The report provides 360° analysis of “Automotive Body Welded Assembly Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of