The demand for comfort in driving experience such as handling, sitting structure, and aerodynamics has increased significantly in recent years.
WILMINGTON, NEW CASTLE, DE, UNITED STATES, June 19, 2025 /EINPresswire.com/ — According to a recent report published by Allied Market Research, titled, โshock absorber market by type, sales channel, and vehicle type: global opportunity analysis and industry forecast, 2021โ2030,โ the global shock absorber market was valued at $12.52 billion in 2020, and is projected to reach $21.07 billion in 2030, registering a CAGR of 4.7%.
Asia-Pacific dominates the market, in terms of revenue, followed by Europe, North America, and LAMEA. Asia-Pacific is expected to maintain its dominance in the global market as the region is one of the largest markets for the automobile industry and automotive components. Moreover, surge in demand for electric and hybrid vehicles propels growth of this market.
๐๐๐ญ ๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ – https://www.alliedmarketresearch.com/request-sample/10510
Prominent factors that drive growth of the shock absorber market include increase in demand for safety and comfort from customers and rise in demand for lightweight suspension. Countries such as China, India, and Brazil are growing economies. Thus, the vehicle manufacturing and automotive component manufacturing sector is witnessing prominent growth in these countries, which is expected to provide lucrative opportunities for growth of the shock absorber market in the region.
๐๐ก๐ ๐ญ๐ฐ๐ข๐ง ๐ญ๐ฎ๐๐ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ ๐๐จ๐ฆ๐ข๐ง๐๐ญ๐๐ ๐ญ๐ก๐ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ ๐ซ๐จ๐ฐ๐ญ๐ก
By type, the twin tube segment held the largest share in 2020, accounting for nearly two-thirds of the global shock absorber market, as it is widely used in vehicles for its cost-effectiveness. However, the mono tube segment is expected to manifest the highest ๐๐๐๐ ๐จ๐ ๐.๐% during the forecast period, due to increase in use in luxury and mid-priced vehicles.
๐๐ก๐ ๐๐๐ญ๐๐ซ๐ฆ๐๐ซ๐ค๐๐ญ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ ๐ญ๐จ ๐ฆ๐๐ง๐ข๐๐๐ฌ๐ญ ๐ญ๐ก๐ ๐ก๐ข๐ ๐ก๐๐ฌ๐ญ ๐๐๐๐ ๐ญ๐ก๐ซ๐จ๐ฎ๐ ๐ก ๐๐๐๐
By sales channel, the aftermarket segment is projected to register the highest ๐๐๐๐ ๐จ๐ ๐.๐% during the forecast period, due to inclination toward the installation of advanced shock absorbers to improve comfort and safety of the vehicle. However, the OEM segment held the largest share in 2020, contributing to more than three-fourths of the global shock absorber market, due to importance of shock absorbers in vehicle and advent of advanced suspension solutions.
๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐๐ ๐ญ๐จ ๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐ญ๐ก๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ? ๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ – https://www.alliedmarketresearch.com/purchase-enquiry/10510
๐๐ฌ๐ข๐-๐๐๐๐ข๐๐ข๐, ๐๐จ๐ฅ๐ฅ๐จ๐ฐ๐๐ ๐๐ฒ ๐๐ฎ๐ซ๐จ๐ฉ๐ ๐๐ง๐ ๐๐จ๐ซ๐ญ๐ก ๐๐ฆ๐๐ซ๐ข๐๐, ๐ก๐๐ฅ๐ ๐ญ๐ก๐ ๐ฅ๐๐ซ๐ ๐๐ฌ๐ญ ๐ฌ๐ก๐๐ซ๐
By region, the market across Asia-Pacific held the largest share in 2020, accounting for more than one-third of the market. In addition, the region is anticipated to showcase the highest ๐๐๐๐ ๐จ๐ ๐.๐% from 2021 to 2030, owing to the expansion of transportation & logistics industry in the region. On the other hand, the global shock absorber market across North America is expected to register the highest ๐๐๐๐ ๐จ๐ ๐.๐% during the forecast period.
๐๐๐ฃ๐จ๐ซ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ฉ๐ฅ๐๐ฒ๐๐ซ๐ฌ
Gabriel India Limited (Anand Group)
KONI BV
Hitachi Astemo Ltd.
Mando Corp.
KYB Corporation
Meritor Inc
Marelli Holdings Co., Ltd
Thyssenkrupp AG
Tenneco Inc
ZF Friedrichshafen AG.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง ๐๐ญ – https://www.alliedmarketresearch.com/request-for-customization/10510
Key Findings Of The Study
By type, the mono tube segment is expected to register a significant growth during the forecast period.
By sales channel, the aftermarket segment is projected to lead the global shock absorber market.
By vehicle type, the commercial vehicle segment is projected to lead the global shock absorber market
Region wise, Asia-Pacific is anticipated to register the highest CAGR during the forecast period.
๐๐ข๐ฆ๐ข๐ฅ๐๐ซ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ ๐๐๐ฏ๐ ๐จ๐ง ๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ:
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https://www.alliedmarketresearch.com/automotive-monoshock-suspension-system-market-A13956 – Automotive Monoshock Suspension System Market Size, Share, Competitive Landscape and Trend Analysis Report, by Type, by Sales Channel and, by Propulsion : Global Opportunity Analysis and Industry Forecast, 2023-2032
https://www.alliedmarketresearch.com/boat-hydraulic-suspension-market-A10335 – Boat Hydraulic Suspension Market Size, Share, Competitive Landscape and Trend Analysis Report, by Application and, by Sales Channel : Global Opportunity Analysis and Industry Forecast, 2023-2032
https://www.alliedmarketresearch.com/train-locomotive-suspension-market-A14100 – Train locomotive Suspension Market Size, Share, Competitive Landscape and Trend Analysis Report, by Spring Type, by Suspension Type and, by Train Type : Global Opportunity Analysis and Industry Forecast, 2023-2032
David Correa
Allied Market Research
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