As per MRFR analysis, the India Automotive Shock Absorber Market Size was estimated at 2.04 (USD Billion) in 2023.The India Automotive Shock Absorber Market is expected to grow from 2.5(USD Billion) in 2024 to 7.35 (USD Billion) by 2035. The India Automotive Shock Absorber Market CAGR (growth rate) is expected to be around 10.3% during the forecast period (2025 - 2035).
Significant changes are now being observed in the Indian automotive shock absorber market, which are being fueled by both shifting customer tastes and technology breakthroughs. The growing demand for passenger cars is a major market driver, as India's automobile industry is expanding rapidly as a result of urbanization and rising disposable incomes.
Government programs to increase manufacturing and promote electric vehicles, which are gaining popularity among customers, are also speeding up this expansion. Due to the fact that electric and hybrid vehicles need specific shock absorbers to improve performance and ride quality, there are several opportunities in this market area.
Furthermore, manufacturers are being encouraged to innovate and create cutting-edge suspension systems by the trend toward higher safety regulations and an emphasis on vehicle comfort.
A noticeable trend in recent years has been the incorporation of smart technologies, such as adaptive suspension systems, which address the changing demands of Indian road conditions and improve handling and comfort in the process.
Eco-friendly materials are becoming more popular in shock absorber manufacturing as a result of consumers' growing preference for companies that place a high priority on sustainability. Given India's objective of accelerating the adoption of green technologies, manufacturers who support these sustainability programs stand to gain a larger portion of the market.
These trends and drivers point to a bright future for the Indian automotive shock absorber market, showing a dynamic shift towards innovation and consumer-centric solutions as the nation continues to concentrate on enhancing its automotive infrastructure and regulations.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Growing Automotive Industry in India
The Indian automotive industry is one of the largest in the world, contributing approximately 7.5% to the nation's Gross Domestic Product (GDP) and expected to grow further due to increasing consumer demand for vehicles.
Various organizations, including the Automotive Component Manufacturers Association of India (ACMA), have highlighted that the popularity of passenger vehicles is set to rise, driven by urbanization and rising disposable incomes. In fact, the number of registered vehicles in India exceeded 250 million in 2021, according to the Ministry of Road Transport and Highways.
This significant increase in vehicle registration reflects a higher demand for automotive components, including shock absorbers, which are essential for enhancing vehicle safety and comfort. Thus, as the automotive sector continues to expand, the India Automotive Shock Absorber Market is poised for substantial growth.
Infrastructure Development Initiatives
The Indian government has initiated various infrastructure development projects under the 'Bharatmala' and 'Sagarmala' programmes, aimed at improving road connectivity and transportation networks across the country. The Ministry of Road Transport and Highways reported that by 2022, over 73,000 km of highways are to be constructed or upgraded.
This extensive development of transportation infrastructure directly correlates with increased vehicle usage for both personal and industrial purposes, leading to a higher requirement for efficient and durable automotive shock absorbers. This surge in road traffic and vehicle utilization is expected to significantly drive growth in the India Automotive Shock Absorber Market.
Rising Safety and Comfort Standards
There is an increasing emphasis on vehicle safety and comfort among consumers in India. According to a National Transport Development Policy Committee report, about 1.5 lakh people died in road accidents in the country in 2020, driving the demand for vehicles equipped with advanced safety features, including high-quality shock absorbers.
The new vehicle safety regulations enforced by the government aim to improve vehicle safety standards significantly, leading manufacturers to prioritize better suspension systems.
As a result, automakers are focusing on enhancing vehicle suspension technologies, which directly benefits the India Automotive Shock Absorber Market by increasing market demand for innovative and reliable shock absorber solutions.
Automotive Shock Absorber Market Technology Insights
The Technology segment of the India Automotive Shock Absorber Market showcases a diverse set of innovations that play a critical role in enhancing vehicle performance and ride comfort.
Among these technologies, Air shock absorbers are gaining traction due to their ability to provide adjustable stiffness and improved load management, making them favored by both luxury and commercial vehicle manufacturers.
This technology allows for customized suspension settings, catering to varying road conditions and improving overall driving experience. Damping shock absorbers are significant, focusing on controlling the oscillations of a vehicle's suspension system.
Their importance lies in enhancing vehicle stability and passenger comfort, which is essential in a country like India, where road conditions can be challenging and unpredictable. Active and Semi-active shock absorbers represent a technological leap that allows for real-time adjustments based on the driving conditions, optimizing both comfort and handling.
Active systems utilize sensors and actuators to respond instantly to road imperfections, making them highly relevant for urban India’s dynamic driving environment. Semi-active systems provide a balance, offering greater adaptability than traditional systems while being more cost-effective than fully active systems.
The ongoing advancements in these technologies are driven by the demand for safer and more fuel-efficient vehicles, along with increasing consumer expectations for enhanced comfort and performance.
With the government's push towards electric vehicles and sustainable transport solutions, the integration of these advanced shock absorber technologies is set to increase, offering significant opportunities for manufacturers in the India Automotive Shock Absorber Market to innovate and capture a larger consumer base.
The growing emphasis on vehicle safety and performance standards further bolsters the market's focus on these technology-driven solutions, leading to a more specialized and segmented approach that aligns with current automotive trends in India.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Automotive Shock Absorber Market Application Insights
The India Automotive Shock Absorber Market is increasingly characterized by its diverse range of applications, reflecting the unique demands of various vehicle types. The Passenger Car segment is notable for its dominant market share due to the widespread ownership and usage of personal vehicles across urban and rural areas of India.
Similarly, the rise in popularity of SUVs contributes significantly to this market, driven by consumer preferences for larger vehicles that provide enhanced comfort and safety. Heavy vehicles, which play a crucial role in the transportation and logistics sectors, also require advanced shock absorption technologies to ensure stability under varied load conditions.
Additionally, the emergence of E-Vehicles signals a shift towards eco-friendly solutions, presenting opportunities for innovative shock absorber technologies that cater specifically to electric performance. Other applications in this segment include motorcycles and commercial vehicles, which continue to grow alongside India's expanding automotive footprint.
The overall composition of the India Automotive Shock Absorber Market segmentation reflects a robust infrastructure and manufacturing base, supporting advancements in automotive technology, thereby enhancing ride quality and safety for users across different vehicle types.
The India Automotive Shock Absorber Market is a dynamic sector characterized by intense competition among numerous manufacturers, driven by the rising demand for advanced vehicle performance and safety features. As the automotive industry in India expands, players in this market are focusing on innovation and technology to capture and sustain their market share.
The increasing consumer preference for vehicles equipped with superior suspension systems is pushing manufacturers to enhance their product offerings. Additionally, regulatory changes aimed at improving vehicle safety standards are prompting companies to invest in research and development, which further intensifies competition.
The presence of both domestic and international players brings a wide array of products to the market, each vying for consumer attention and loyalty.
Mando possesses a strong foothold in the India Automotive Shock Absorber Market, distinguished by its commitment to quality and technological advancement. The company’s focus on research and development ensures that its products meet the latest industry standards while providing excellent performance.
Mando's established relationships with major automotive manufacturers in India enable it to maintain a competitive edge, and the company's operational efficiency contributes significantly to its market presence.
The ability to provide customized solutions tailored to the unique needs of both manufacturers and consumers in India sets Mando apart from its competitors. Furthermore, Mando emphasizes sustainability in its operations, aligning its business practices with the growing demand for eco-friendly automotive components, thereby enhancing its market standing.
Showa has also made a notable impact on the India Automotive Shock Absorber Market, known for its innovative approach and high-quality product range. Specializing in shock absorbers designed to improve ride comfort and handling, Showa has leveraged its technological expertise to capture a loyal customer base.
The company’s strong market presence is supported by strategic partnerships with several domestic automotive firms, allowing it to tailor its products to meet the specific needs of the Indian market. Showa’s commitment to continuous improvement is reflected in its ongoing investments in research and development, ensuring that its offerings remain at the forefront of technological advancements.
Additionally, Showa has been proactive in pursuing mergers and acquisitions that fortify its market position and expand its capabilities within India, highlighting its ambition to grow and adapt to the evolving automotive landscape.
The India Automotive Shock Absorber Market has seen several notable developments recently. Mando and Showa have expanded their manufacturing capabilities in Pune, responding to increasing demand for advanced suspension systems in the country.
In April 2023, Endurance Technologies launched a new line of shock absorbers aimed at electric vehicles, aligning with the growing trend of EV adoption in India. Additionally, Monroe and Schaeffler are enhancing their product offerings with advanced lightweight materials to improve vehicle dynamics and fuel efficiency.
In terms of mergers and acquisitions, Koni announced a strategic partnership with Tenneco in June 2023, aiming to strengthen their product portfolio in the commercial vehicle segment. Furthermore, Bilstein is actively investing in Research and Development to innovate in the area of adaptive shock absorption technology.
Market valuations for companies like Gabriel and Ride Control have recently surged due to increased automotive production and a focus on enhancing ride quality, reflecting a positive growth trajectory. Notably, with the government's push for 'Make in India', the automotive sector is expected to see continued investments, bolstering the shock absorber market's competitiveness.
Automotive Shock Absorber Market Technology Outlook
Automotive Shock Absorber Market Application Outlook
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2023 | 2.04(USD Billion) |
| MARKET SIZE 2024 | 2.5(USD Billion) |
| MARKET SIZE 2035 | 7.35(USD Billion) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 10.3% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| MARKET FORECAST PERIOD | 2025 - 2035 |
| HISTORICAL DATA | 2019 - 2024 |
| MARKET FORECAST UNITS | USD Billion |
| KEY COMPANIES PROFILED | Mando, Showa, Monroe, Schaeffler, Bilstein, Endurance Technologies, Koni, Sankei, Tenneco, Continental, Boge, Ride Control, Gabriel |
| SEGMENTS COVERED | Technology, Application |
| KEY MARKET OPPORTUNITIES | Electric vehicle shock absorbers, Increasing aftermarket demand, Advanced technology integration, Rising passenger vehicle segment, Growing suspension system awareness |
| KEY MARKET DYNAMICS | rising vehicle production, demand for comfort, technological advancements, government regulations, increasing replacement sales |
| COUNTRIES COVERED | India |
Frequently Asked Questions (FAQ) :
The expected market size of the India Automotive Shock Absorber Market in 2024 is valued at 2.5 USD Billion.
By 2035, the India Automotive Shock Absorber Market is projected to be worth 7.35 USD Billion.
The expected CAGR for the India Automotive Shock Absorber Market from 2025 to 2035 is 10.3%.
Key players in the India Automotive Shock Absorber Market include Mando, Showa, Monroe, Schaeffler, and Bilstein.
The market value of air shock absorbers in the India Automotive Shock Absorber Market is expected to be 0.75 USD Billion in 2024.
The anticipated market value for damping shock absorbers is projected to reach 1.92 USD Billion by 2035.
The air shock absorber segment is expected to experience significant growth, rising to 2.22 USD Billion by 2035.
The market size forecast for active shock absorbers is 1.61 USD Billion by 2035.
Challenges such as rising raw material costs and competition from international players may influence the market.
The current global scenario could affect supply chains and pricing strategies within the India Automotive Shock Absorber Market.
Leading companies partner with us for data-driven Insights.
Kindly complete the form below to receive a free sample of this Report
Senior Research Analyst She has over 5 years of rich experience, in market research and consulting providing valuable market insights to client. hands on expertise in management consulting, and extensive knowledge in domain including ict, automotive & transportation and aerospace & defense. she is skilled in go-to market strategy, industry analysis, market sizing, in depth company profiling, competitive intelligence & benchmarking and value chain amongst others.
Get in Touch
© 2025 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)
