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Release time：
2025-07-14
With the growing consumption of automobiles around the world, consumers are paying more and more attention to the safety and comfort of automobiles, and the market size of automotive suspension shock absorbers is growing. Moreover, with the increasing lightweight of automobiles across the globe, semi-active/active systems with lighter weight/smaller size/higher performance are expected to be the focus of the automotive suspension shock absorber system market demand in the future.
With the growing consumption of automobiles around the world, consumers are paying more and more attention to the safety and comfort of automobiles, and the market size of automotive suspension shock absorbers is growing. Moreover, with the increasing lightweight of automobiles across the globe, semi-active/active systems with lighter weight/smaller size/higher performance are expected to be the focus of the automotive suspension shock absorber system market demand in the future.
According to the "2018-2023 Suspension Shock Absorber Industry Market In-depth Research and Investment Prospect Forecast Analysis Report" issued by New Thinking Industry Research, automotive suspension shock absorbers are divided into MacPherson suspension shock absorbers, double wisharms, multi-link types, torsion beams, leaf springs, air suspensions, which can be applied to various power vehicles (ICE, BEV, HEV, PHEV). The global automotive suspension shock absorber market is expected to grow at a growth rate of around 3.88% by 2025, from $50.76 billion in 2017 to $68.84 billion by 2025. And make the following predictions for the industry:
1. The market size of passenger car suspension shock absorbers is growing the fastest
The passenger car market is expected to be the fastest-growing segment of the automotive suspension shock absorbers market. The growth of per capita disposable income of consumers and the emergence of more and more auto finance loans will lead to an increase in passenger car sales. These factors are particularly evident in the Asia and Oceania region, where the passenger car market is growing significantly, especially in developing countries such as India and China. With the increasing production in North America, people prefer to ride LCV off-road, so the demand for LCV car suspension shock absorbers is also expected to increase. In North America, production of HCV vehicles is also increasing, and demand for HCV suspension shock absorbers is expected to increase.
2. It is expected that the semi-active/active suspension shock absorber system will be the fastest-growing segment of the automotive suspension shock absorber market
Increased stringency in emissions and fuel efficiency regulations in developed regions, with higher estimates of the entry of relatively light semi-active/active suspension shock absorber systems in developed regions such as North America and Europe. As manufacturers and customers in these regions open up to new technologies, Europe and North America are expected to see growth in semi-active/active systems instead of passive suspension shock absorbers. Consumers in Asia and Oceania prefer compact and economical sedans, and these regions are expected to witness rapid growth in semi-active and active suspension shock absorber systems, and increasing technology adoption across the globe will be a driving factor for the development of the suspension shock absorber systems market.
3. It is estimated that Asia and Oceania are the main market for the automotive suspension shock absorber market.
Asia consists of major automobile consuming countries such as China, Japan, India, and South Korea, which are currently experiencing rapid population growth. Asia is the world's largest producer of suspension systems. Major automakers have shifted their focus to the region due to its various advantages such as easy availability of economical labor, relaxed regulations on environment and safety, increasing foreign direct investment in the automotive sector in countries such as India, and growing demand for automobiles. Increasing focus on quality and safety has prompted manufacturers to develop advanced suspension shock absorber systems, and the region is expected to account for the largest share of the automotive suspension shock absorber market.
The major vendors in the automotive suspension shock absorber systems market currently include ZF (Germany), Tenneco (United States), KYB (Japan), Continental (Germany), Magneti Marelli (Italy), Mando (South Korea), NHKSpring (Japan), ThyssenKrupp (Germany), Sogfi (Italy), and Bentler (Austria), which account for the major share of the automotive suspension shock absorber market.
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