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Automotive Shock Absorber Market – Outlook & Future Trends 2025-2032
Automotive Shock Absorber market refer to the production, distribution and utilization of shock absorbers that is responsible for a vehicle’s ability to moderate and control impacts that occur while the vehicle is in use. These components improve the ride comfort as well as respond to steers and road inputs by controlling the vibrations and providing tire road contact.
IMR Group
Description
Automotive Shock Absorber Market Synopsis:
Automotive Shock Absorber Market Size Was Valued at USD 15.4 Billion in 2023, and is Projected to Reach USD 23.1 Billion by 2032, Growing at a CAGR of 4.6% From 2024-2032.
Automotive Shock Absorber market refer to the production, distribution and utilization of shock absorbers that is responsible for a vehicle’s ability to moderate and control impacts that occur while the vehicle is in use. These components improve the ride comfort as well as respond to steers and road inputs by controlling the vibrations and providing tire road contact.
The automotive shock absorber market is one of the significant parts of the global automotive industry since the society needs reliable and functional vehicles which provide comfort, safety and high performance. These are pivotal installation in a vehicle’s suspension framework and helps in controlling rebounds and presses admixed to springs and suspension. Due to this the existing market encompasses hydraulic types while newer forms include gas-filled and electronically adjustable types to suit passenger car use as well as LCVs, HCVs and two-wheelers.
The increase of global transportation systems as a result of increasing urbanization and the expansion of road infrastructure has increased the market for passenger and commercial vehicles hence the need for efficient shock absorbers. The market also receives greater research and development investment on lightweight materials and onboard, smart suspension systems, all aligned with the current automotive trend of electric and self-driving cars. Nevertheless, some hurdles include variability of raw materials cost and difficulties in implementation of sophisticated applications.
Automotive Shock Absorber Market Trend Analysis:
Transition to Advanced Suspension Systems
The gradual change in the kind of suspension systems like the use of electronically adjustable shock absorbers forms one key trend in the automotive shock absorber market. These systems when coupled with sensors and control units provide real time adaptability to the level of damping desired to maintain stability and comfortable ride on the road.
The cause of this trend is evident mainly in luxury and electric cars, where comfort is crucial for travelers. They concentrate on new developments including the magnetorheological dampers involving the flow of magnetically responsive fluids in order to alter damping characteristics. The fact that consumers currently Egypt’s MATS (manufactured) shock absorbers demand better driving experience and safety, more utilization of enhanced shock absorbers is anticipated to revolutionize the industry.
Growth in Electric Vehicle (EV) Adoption
The bold swapping of traditional vehicles to EVs is a promising developmental opportunity for the automotive shock absorber market. A traditional suspension system cannot be used on EVs because they have a heavy battery pack, which alters the way that weight is distributed and lowers its center of gravity. This has therefore called for more development of shock absorbers which stabilize performance while at the same time having efficiency on energy usage.
Moreover, all governments around the globe are promoting EV production and its use in battling carbon emissions. The growth in the number of electric vehicles has caused a similar increase in the requirement for enhanced shock absorbers to suit the cars. The future industry winners will be manufacturers who develop new technologies of light, efficient suspension components.
Automotive Shock Absorber Market Segment Analysis:
Automotive Shock Absorber Market is Segmented on the basis of Vehicle, Product Type, Sales Channel, Design, and Region.
By Product Type, Hydraulic Type segment is expected to dominate the market during the forecast period
Hydraulic shock absorbers are most popular due to its uncomplicated design, affordable price and versatility required for a wide range of automobiles. These shock absorbers rely on hydraulic fluid to absorb the motion, increase the comfort of the ride, and consist of dependable durability.
Hydro-pneumatic as well as gas filled shock absorbers are being preferred in high speed as well as off road applications. To minimize aeration and therefore foam formation in the hydraulic fluid, they employ a pressurized gas for damping. This type is especially used in moving sports cars and other luxurious type of cars.
By Vehicle, Passenger Cars segment expected to held the largest share
The largest market segment for shock absorbers is the passenger car segment as there is an increasing ratification of car ownership as well as the need for better road quality. New innovations in adaptive suspension system for this category is also helping the market grow.
LCVs and HCVs need high load shock absorbers because they are always used in bumpy areas and goods transportation services. On the other hand, two-wheeler is light weighted & compactzed shock absorbers therefore the demand is high especially in developing countries due to more uses of motorbikes.
Automotive Shock Absorber Market Regional Insights:
Asia Pacific is Expected to Dominate the Market Over the Forecast period
The Asia-Pacific region becomes accounted for the largest share in the automotive shock absorber industry due to increasing vehicle production in the region specifically in China, India, and Japan. There has been a growing middle income class and rising disposable incomes in the region thus propelling the demand for two-wheeler and passenger cars.
Besides, the identified successful automotive manufacturers’ and suppliers’ presence contributes to this position. Such improvements as the increased expenditure on infrastructures and developments of road networks subsequently enhances the demand for commercial vehicles thus putting Asia-Pacific as the market leader.
Active Key Players in the Automotive Shock Absorber Market:
Bilstein GmbH (Germany)
Fox Factory Holding Corp. (USA)
Gabriel India Limited (India)
Hitachi Automotive Systems, Ltd. (Japan)
KYB Corporation (Japan)
Magneti Marelli S.p.A. (Italy)
Mando Corporation (South Korea)
Monroe Shock Absorbers (USA)
SACHS Automotive (Germany)
Showa Corporation (Japan)
Tenneco Inc. (USA)
ZF Friedrichshafen AG (Germany)
Other Active Players
Chapter 1: Introduction
1.1 Scope and Coverage
Chapter 2:Executive Summary
Chapter 3: Market Landscape
3.1 Market Dynamics
3.1.1 Drivers
3.1.2 Restraints
3.1.3 Opportunities
3.1.4 Challenges
3.2 Market Trend Analysis
3.3 PESTLE Analysis
3.4 Porter’s Five Forces Analysis
3.5 Industry Value Chain Analysis
3.6 Ecosystem
3.7 Regulatory Landscape
3.8 Price Trend Analysis
3.9 Patent Analysis
3.10 Technology Evolution
3.11 Investment Pockets
3.12 Import-Export Analysis
Chapter 4: Automotive Shock Absorber Market by Vehicle
4.1 Automotive Shock Absorber Market Snapshot and Growth Engine
4.2 Automotive Shock Absorber Market Overview
4.3 Passenger Cars
4.3.1 Introduction and Market Overview
4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.3.3 Key Market Trends, Growth Factors and Opportunities
4.3.4 Passenger Cars: Geographic Segmentation Analysis
4.4 LCVs
4.4.1 Introduction and Market Overview
4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.4.3 Key Market Trends, Growth Factors and Opportunities
4.4.4 LCVs: Geographic Segmentation Analysis
4.5 HCVs
4.5.1 Introduction and Market Overview
4.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.5.3 Key Market Trends, Growth Factors and Opportunities
4.5.4 HCVs: Geographic Segmentation Analysis
4.6 Two Wheelers
4.6.1 Introduction and Market Overview
4.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.6.3 Key Market Trends, Growth Factors and Opportunities
4.6.4 Two Wheelers: Geographic Segmentation Analysis
Chapter 5: Automotive Shock Absorber Market by Product Type
5.1 Automotive Shock Absorber Market Snapshot and Growth Engine
5.2 Automotive Shock Absorber Market Overview
5.3 : Hydraulic Type
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 : Hydraulic Type: Geographic Segmentation Analysis
5.4 Gas-filled Type
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 Gas-filled Type: Geographic Segmentation Analysis
Chapter 6: Automotive Shock Absorber Market by Sales Channel
6.1 Automotive Shock Absorber Market Snapshot and Growth Engine
6.2 Automotive Shock Absorber Market Overview
6.3 OEMs
6.3.1 Introduction and Market Overview
6.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.3.3 Key Market Trends, Growth Factors and Opportunities
6.3.4 OEMs: Geographic Segmentation Analysis
6.4 After
6.4.1 Introduction and Market Overview
6.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.4.3 Key Market Trends, Growth Factors and Opportunities
6.4.4 After: Geographic Segmentation Analysis
Chapter 7: Automotive Shock Absorber Market by Design
7.1 Automotive Shock Absorber Market Snapshot and Growth Engine
7.2 Automotive Shock Absorber Market Overview
7.3 Twin Tube Design
7.3.1 Introduction and Market Overview
7.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
7.3.3 Key Market Trends, Growth Factors and Opportunities
7.3.4 Twin Tube Design: Geographic Segmentation Analysis
7.4 Mono-Tube Design
7.4.1 Introduction and Market Overview
7.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
7.4.3 Key Market Trends, Growth Factors and Opportunities
7.4.4 Mono-Tube Design: Geographic Segmentation Analysis
Chapter 8: Company Profiles and Competitive Analysis
8.1 Competitive Landscape
8.1.1 Competitive Benchmarking
8.1.2 Automotive Shock Absorber Market Share by Manufacturer (2023)
8.1.3 Industry BCG Matrix
8.1.4 Heat Map Analysis
8.1.5 Mergers and Acquisitions
8.2 ZF FRIEDRICHSHAFEN AG (GERMANY)
8.2.1 Company Overview
8.2.2 Key Executives
8.2.3 Company Snapshot
8.2.4 Role of the Company in the Market
8.2.5 Sustainability and Social Responsibility
8.2.6 Operating Business Segments
8.2.7 Product Portfolio
8.2.8 Business Performance
8.2.9 Key Strategic Moves and Recent Developments
8.2.10 SWOT Analysis
8.3 KYB CORPORATION (JAPAN)
8.4 TENNECO INC. (USA)
8.5 MONROE SHOCK ABSORBERS (USA)
8.6 GABRIEL INDIA LIMITED (INDIA)
8.7 HITACHI AUTOMOTIVE SYSTEMS
8.8 LTD. (JAPAN)
8.9 BILSTEIN GMBH (GERMANY)
8.10 MAGNETI MARELLI S.P.A. (ITALY)
8.11 MANDO CORPORATION (SOUTH KOREA)
8.12 SHOWA CORPORATION (JAPAN)
8.13 FOX FACTORY HOLDING CORP. (USA)
8.14 SACHS AUTOMOTIVE (GERMANY)
8.15 OTHER ACTIVE PLAYERS
Chapter 9: Global Automotive Shock Absorber Market By Region
9.1 Overview
9.2. North America Automotive Shock Absorber Market
9.2.1 Key Market Trends, Growth Factors and Opportunities
9.2.2 Top Key Companies
9.2.3 Historic and Forecasted Market Size by Segments
9.2.4 Historic and Forecasted Market Size By Vehicle
9.2.4.1 Passenger Cars
9.2.4.2 LCVs
9.2.4.3 HCVs
9.2.4.4 Two Wheelers
9.2.5 Historic and Forecasted Market Size By Product Type
9.2.5.1 : Hydraulic Type
9.2.5.2 Gas-filled Type
9.2.6 Historic and Forecasted Market Size By Sales Channel
9.2.6.1 OEMs
9.2.6.2 After
9.2.7 Historic and Forecasted Market Size By Design
9.2.7.1 Twin Tube Design
9.2.7.2 Mono-Tube Design
9.2.8 Historic and Forecast Market Size by Country
9.2.8.1 US
9.2.8.2 Canada
9.2.8.3 Mexico
9.3. Eastern Europe Automotive Shock Absorber Market
9.3.1 Key Market Trends, Growth Factors and Opportunities
9.3.2 Top Key Companies
9.3.3 Historic and Forecasted Market Size by Segments
9.3.4 Historic and Forecasted Market Size By Vehicle
9.3.4.1 Passenger Cars
9.3.4.2 LCVs
9.3.4.3 HCVs
9.3.4.4 Two Wheelers
9.3.5 Historic and Forecasted Market Size By Product Type
9.3.5.1 : Hydraulic Type
9.3.5.2 Gas-filled Type
9.3.6 Historic and Forecasted Market Size By Sales Channel
9.3.6.1 OEMs
9.3.6.2 After
9.3.7 Historic and Forecasted Market Size By Design
9.3.7.1 Twin Tube Design
9.3.7.2 Mono-Tube Design
9.3.8 Historic and Forecast Market Size by Country
9.3.8.1 Russia
9.3.8.2 Bulgaria
9.3.8.3 The Czech Republic
9.3.8.4 Hungary
9.3.8.5 Poland
9.3.8.6 Romania
9.3.8.7 Rest of Eastern Europe
9.4. Western Europe Automotive Shock Absorber Market
9.4.1 Key Market Trends, Growth Factors and Opportunities
9.4.2 Top Key Companies
9.4.3 Historic and Forecasted Market Size by Segments
9.4.4 Historic and Forecasted Market Size By Vehicle
9.4.4.1 Passenger Cars
9.4.4.2 LCVs
9.4.4.3 HCVs
9.4.4.4 Two Wheelers
9.4.5 Historic and Forecasted Market Size By Product Type
9.4.5.1 : Hydraulic Type
9.4.5.2 Gas-filled Type
9.4.6 Historic and Forecasted Market Size By Sales Channel
9.4.6.1 OEMs
9.4.6.2 After
9.4.7 Historic and Forecasted Market Size By Design
9.4.7.1 Twin Tube Design
9.4.7.2 Mono-Tube Design
9.4.8 Historic and Forecast Market Size by Country
9.4.8.1 Germany
9.4.8.2 UK
9.4.8.3 France
9.4.8.4 The Netherlands
9.4.8.5 Italy
9.4.8.6 Spain
9.4.8.7 Rest of Western Europe
9.5. Asia Pacific Automotive Shock Absorber Market
9.5.1 Key Market Trends, Growth Factors and Opportunities
9.5.2 Top Key Companies
9.5.3 Historic and Forecasted Market Size by Segments
9.5.4 Historic and Forecasted Market Size By Vehicle
9.5.4.1 Passenger Cars
9.5.4.2 LCVs
9.5.4.3 HCVs
9.5.4.4 Two Wheelers
9.5.5 Historic and Forecasted Market Size By Product Type
9.5.5.1 : Hydraulic Type
9.5.5.2 Gas-filled Type
9.5.6 Historic and Forecasted Market Size By Sales Channel
9.5.6.1 OEMs
9.5.6.2 After
9.5.7 Historic and Forecasted Market Size By Design
9.5.7.1 Twin Tube Design
9.5.7.2 Mono-Tube Design
9.5.8 Historic and Forecast Market Size by Country
9.5.8.1 China
9.5.8.2 India
9.5.8.3 Japan
9.5.8.4 South Korea
9.5.8.5 Malaysia
9.5.8.6 Thailand
9.5.8.7 Vietnam
9.5.8.8 The Philippines
9.5.8.9 Australia
9.5.8.10 New Zealand
9.5.8.11 Rest of APAC
9.6. Middle East & Africa Automotive Shock Absorber Market
9.6.1 Key Market Trends, Growth Factors and Opportunities
9.6.2 Top Key Companies
9.6.3 Historic and Forecasted Market Size by Segments
9.6.4 Historic and Forecasted Market Size By Vehicle
9.6.4.1 Passenger Cars
9.6.4.2 LCVs
9.6.4.3 HCVs
9.6.4.4 Two Wheelers
9.6.5 Historic and Forecasted Market Size By Product Type
9.6.5.1 : Hydraulic Type
9.6.5.2 Gas-filled Type
9.6.6 Historic and Forecasted Market Size By Sales Channel
9.6.6.1 OEMs
9.6.6.2 After
9.6.7 Historic and Forecasted Market Size By Design
9.6.7.1 Twin Tube Design
9.6.7.2 Mono-Tube Design
9.6.8 Historic and Forecast Market Size by Country
9.6.8.1 Turkiye
9.6.8.2 Bahrain
9.6.8.3 Kuwait
9.6.8.4 Saudi Arabia
9.6.8.5 Qatar
9.6.8.6 UAE
9.6.8.7 Israel
9.6.8.8 South Africa
9.7. South America Automotive Shock Absorber Market
9.7.1 Key Market Trends, Growth Factors and Opportunities
9.7.2 Top Key Companies
9.7.3 Historic and Forecasted Market Size by Segments
9.7.4 Historic and Forecasted Market Size By Vehicle
9.7.4.1 Passenger Cars
9.7.4.2 LCVs
9.7.4.3 HCVs
9.7.4.4 Two Wheelers
9.7.5 Historic and Forecasted Market Size By Product Type
9.7.5.1 : Hydraulic Type
9.7.5.2 Gas-filled Type
9.7.6 Historic and Forecasted Market Size By Sales Channel
9.7.6.1 OEMs
9.7.6.2 After
9.7.7 Historic and Forecasted Market Size By Design
9.7.7.1 Twin Tube Design
9.7.7.2 Mono-Tube Design
9.7.8 Historic and Forecast Market Size by Country
9.7.8.1 Brazil
9.7.8.2 Argentina
9.7.8.3 Rest of SA
Chapter 10 Analyst Viewpoint and Conclusion
10.1 Recommendations and Concluding Analysis
10.2 Potential Market Strategies
Chapter 11 Research Methodology
11.1 Research Process
11.2 Primary Research
11.3 Secondary Research
Q1: What would be the forecast period in the Automotive Shock Absorber Market research report?
A1: The forecast period in the Automotive Shock Absorber Market research report is 2024-2032.
Q2: Who are the key players in the Automotive Shock Absorber Market?
A2: ZF Friedrichshafen AG (Germany), KYB Corporation (Japan), Tenneco Inc. (USA), Monroe Shock Absorbers (USA), Gabriel India Limited (India), Hitachi Automotive Systems, Ltd. (Japan), Bilstein GmbH (Germany), Magneti Marelli S.p.A. (Italy), Mando Corporation (South Korea), Showa Corporation (Japan), Fox Factory Holding Corp. (USA), SACHS Automotive (Germany), and Other Active Players.
Q3: What are the segments of the Automotive Shock Absorber Market?
A3: The Automotive Shock Absorber Market is segmented into Product Type, Vehicle, Sales Channel, Design and region. By Vehicle, the market is categorized into Passenger Cars, LCVs, HCVs, Two Wheelers. By Product Type, the market is categorized into Hydraulic Type, Gas-filled Type. By Sales Channel, the market is categorized into OEMs, Aftermarket. By Design, the market is categorized into Twin Tube Design, Mono-Tube Design. By region, it is analyzed across North America (U.S., Canada, Mexico), Eastern Europe (Russia, Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe), Western Europe (Germany, UK, France, The Netherlands, Italy, Russia, Spain, Rest of Western Europe), Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC), Middle East & Africa (Turkiye, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa), South America (Brazil, Argentina, Rest of SA).
Q4: What is the Automotive Shock Absorber Market?
A4: Automotive Shock Absorber market refer to the production, distribution and utilization of shock absorbers that is responsible for a vehicle’s ability to moderate and control impacts that occur while the vehicle is in use. These components improve the ride comfort as well as respond to steers and road inputs by controlling the vibrations and providing tire road contact.
Q5: How big is the Automotive Shock Absorber Market?
A5: Automotive Shock Absorber Market Size Was Valued at USD 15.4 Billion in 2023, and is Projected to Reach USD 23.1 Billion by 2032, Growing at a CAGR of 4.6% From 2024-2032
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