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Global Automotive Shock Absorber Market: Analysis of Key Players and Competitive

Automotive Shock Absorber Market size was valued at USD 11.35 Bn. in 2023 and the total revenue is expected to grow at a CAGR of 7.2% through 2024 to 2030, reaching nearly USD 18.47 Bn.<br>

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Global Automotive Shock Absorber Market: Analysis of Key Players and Competitive

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  1. Global Automotive Shock Absorber Marketglobal Analysis Report 2025-230 Published by: Swati, Marketing Head

  2. Market Size & Overview: Automotive Shock Absorber Market size was valued at USD 11.35 Bn. in 2023 and the total revenue is expected to grow at a CAGR of 7.2% through 2024 to 2030, reaching nearly USD 18.47 Bn. Shock absorbers are vital for ensuring vehicle stability and comfort, playing a key role in reducing vehicle vibration. The market is influenced by the growing demand for improved vehicle performance and comfort features, along with advancements in suspension systems.

  3. Market Growth & Opportunities The automotive shock absorber market is expected to grow due to increasing automotive production, technological advancements in suspension systems, and rising consumer preference for enhanced ride comfort. Additionally, the growing popularity of electric vehicles (EVs) and the demand for lightweight and durable components are anticipated to drive market expansion. Key opportunities exist in the development of adaptive and electronically controlled shock absorbers for luxury and high-performance vehicles. Sample Request

  4. Market Segmentation by Sales Channel OEMs Aftermarket by Vehicle Passenger Cars LCVs HCVs Two Wheelers by Product Type Hydraulic Type Gas-filled Type

  5. Regional Analysis: North America: The region is expected to experience steady growth driven by the high demand for premium and luxury vehicles, along with increased vehicle production. Technological advancements in suspension systems are also likely to contribute to market growth. Europe: Europe holds a significant share of the automotive shock absorber market, supported by a robust automotive industry and advancements in manufacturing technologies. The region is also adopting advanced suspension systems to meet the demand for better vehicle comfort and safety. APAC: The Asia-Pacific region is expected to witness the highest growth rate due to the booming automotive industry, particularly in countries like China and India. Rising disposable incomes, a growing middle class, and increasing vehicle production are key drivers of market growth in this region.

  6. Regional Analysis Customized Report Request

  7. Merges and Acquisition Tenneco Inc. acquired Öhlins Racing AB to expand its performance shock absorber product portfolio and improve its competitive position in the market. KYB Corporation acquired Sanko Co. Ltd., enhancing its manufacturing capabilities and expanding its footprint in the automotive shock absorber market. ZF Friedrichshafen AG acquired WABCO Holdings Inc., a move that allowed ZF to strengthen its product offerings and innovate in automotive suspension technologies. Buy This Report

  8. Thank You Get In Touch with US: MAXIMIZE MARKET RESEARCH PVT. LTD. 3rd Floor, Navale IT park Phase 2, Pune Banglore Highway, Narhe Pune, Maharashtra 411041, India. +91 9607365656 sales@maximizemarketresearch.com

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