Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Automotive Shock Absorber Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Are the Key Forecast Insights for the Automotive Shock Absorber Market Growth?
The size of the automotive shock absorber market has been on a steady rise in the past few years. It expanded from $14.72 billion in 2024 and is expected to reach $15.32 billion in 2025, reflecting a compound annual growth rate (CAGR) of 4.0%.
What Is the Predicted Industry Size and CAGR of the Automotive Shock Absorber Market in 2029?
The size of the automotive shock absorber market is projected to increase to $19.01 billion by 2029, with a compound annual growth rate (CAGR) of 5.6%.
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Which Factors Are Driving Growth in the Automotive Shock Absorber Market?
The key drivers in the automotive shock absorber market are:
• Surge in electric and autonomous vehicles
• The introduction of adaptive and smart suspension systems
• Continued global urbanization
• Increasing focus on vehicle customization and environmental sustainability
Which Segment Trends Are Covered in the Automotive Shock Absorber Market Forecast?
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
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What Are the Current Market Trends in the Automotive Shock Absorber Industry?
The key trends in the automotive shock absorber market are:
• The rise of electric and autonomous vehicles is shaping the future of the Automotive Shock Absorber market.
• Development of adaptive and smart suspension systems is an emerging trend.
• Environmental sustainability is becoming a prime focus, significantly influencing market trends.
• Technological advancements in suspension systems, advanced materials, and coatings are expected trends.
Who are the Key Companies in the Automotive Shock Absorber Market?
Major players in the automotive shock absorber market are:
• 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.
What are the Regional Trends Across the Automotive Shock Absorber Market?
Asia-Pacific was the largest region in the automotive shock absorber market in 2024
