Air Suspension Market Size, Share, Trends, Growth Outlook

Air Suspension Market is estimated to increase at a growth rate of 6.1% CAGR over the forecast period from 2024 to 2030.

The global Air Suspension Market study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments including By Component (Air Spring, Tank, Solenoid Valve, Shock Absorber, Air Compressor, Electronic Control Unit (ECU), Height & Pressure Sensor, Others), By Technology (Electronic Controlled, Non-Electronic Controlled), By Vehicle (Light Commercial Vehicle, Trucks, Bus), By Sales Channel (OEM, Aftermarket).

An Introduction to Global Air Suspension Market, 2024

The Air Suspension market is a crucial segment of the automotive industry, offering advanced suspension systems that use air springs to provide a smoother ride, improved handling, and adjustable ride height. Air suspension systems replace traditional coil or leaf springs with air-filled bags, allowing for variable stiffness and damping characteristics that can be adjusted electronically or manually. With the automotive industry's focus on comfort, performance, and versatility, the demand for air suspension systems continues to grow. Manufacturers in this market focus on developing systems with robust components, precise control algorithms, and integrated sensors to optimize ride quality, load leveling, and vehicle dynamics. Moreover, advancements in air spring design, compressor technology, and electronic control units drive innovation, enabling features such as automatic leveling, adaptive damping, and load compensation. Additionally, as vehicle designs evolve to accommodate electric powertrains and autonomous driving features, the air suspension market is poised for sustained growth and innovation, with opportunities for product development, customization, and market expansion across vehicle segments and regions.

Air Suspension Competitive Landscape

The global Air Suspension market is highly competitive with a large number of companies focusing on niche market segments. Amidst intense competitive conditions, Air Suspension Companies are investing in new product launches and strengthening distribution channels. Key companies operating in the Air Suspension Market Industry include- Airlift Company, Arnott Industries, Continental AG, Dunlop Systems and Components, Hendrickson International Corp, Mando Corp, Stemco Products Inc, Tenneco Inc, Vibracoustics GmbH, ZF Friedrichshafen AG.

Air Suspension Market Trend: Adoption of Advanced Vehicle Suspension Systems

The most prominent trend in the Air Suspension Market is the increasing adoption of advanced vehicle suspension systems. As automotive manufacturers strive to enhance ride comfort, stability, and handling performance, there is a growing preference for air suspension systems over traditional coil spring suspensions. Air suspension systems offer superior adjustability, allowing drivers to customize ride height and stiffness levels based on driving conditions and preferences. Additionally, these systems provide improved load-leveling capabilities, ensuring consistent vehicle dynamics even under heavy payloads or towing conditions. The trend toward adopting advanced air suspension systems reflects the industry's commitment to delivering superior ride quality and performance in modern vehicles.

Air Suspension Market Driver: Demand for Luxury Vehicles and Premium Ride Comfort

A major driver propelling the growth of the Air Suspension Market is the increasing demand for luxury vehicles and premium ride comfort. Consumers are willing to invest in vehicles that offer superior comfort, refinement, and driving dynamics, leading to a rise in demand for air suspension-equipped luxury vehicles. Air suspension systems enhance the overall driving experience by providing a smoother, more controlled ride, reducing road noise and vibrations, and minimizing body roll during cornering. Moreover, air suspension is often associated with luxury features and exclusivity, driving consumer preference for vehicles equipped with these advanced suspension systems. The demand for luxury vehicles and premium ride comfort serves as a key driver for the adoption of air suspension technology in the automotive industry.

Air Suspension Market Opportunity: Expansion into Commercial Vehicle and Off-Road Applications

An opportunity for significant expansion in the Air Suspension Market lies in the expansion into commercial vehicle and off-road applications. While air suspension systems are commonly associated with luxury passenger cars, there is a growing demand for these systems in commercial trucks, buses, and off-road vehicles. Commercial vehicle operators seek suspension solutions that offer improved ride comfort, stability, and load-carrying capacity, enhancing driver comfort and safety, and reducing vehicle wear and tear. Additionally, off-road enthusiasts and recreational vehicle owners are increasingly equipping their vehicles with air suspension systems to improve off-road capability and comfort during adventurous journeys. By targeting commercial vehicle and off-road markets, air suspension manufacturers can diversify their product portfolios and tap into new growth opportunities, expanding their presence in the automotive industry.

Air Suspension Market Segmentation

By Component
Air Spring
Tank
Solenoid Valve
Shock Absorber
Air Compressor
Electronic Control Unit (ECU)
Height & Pressure Sensor
Others
By Technology
Electronic Controlled
Non-Electronic Controlled
By Vehicle
Light Commercial Vehicle
Trucks
Bus
By Sales Channel
Original Equipment Manufacturers (OEMs)
AftermarketGeographical Analysis
North America (United States, Canada, Mexico)
Europe (Germany, France, United Kingdom, Spain, Italy, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa

Air Suspension Companies

Airlift Company
Arnott Industries
Continental AG
Dunlop Systems and Components
Hendrickson International Corp
Mando Corp
Stemco Products Inc
Tenneco Inc
Vibracoustics GmbH
ZF Friedrichshafen AG
*- List not Exhaustive

TABLE OF CONTENTS

1 Introduction to 2024 Air Suspension Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Analyzed
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain

2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations

3 Executive Summary
3.1 Global Air Suspension Market Size Outlook, $ Million, 2021 to 2030
3.2 Air Suspension Market Outlook by Type, $ Million, 2021 to 2030
3.3 Air Suspension Market Outlook by Product, $ Million, 2021 to 2030
3.4 Air Suspension Market Outlook by Application, $ Million, 2021 to 2030
3.5 Air Suspension Market Outlook by Key Countries, $ Million, 2021 to 2030

4 Market Dynamics
4.1 Key Driving Forces of Air Suspension Industry
4.2 Key Market Trends in Air Suspension Industry
4.3 Potential Opportunities in Air Suspension Industry
4.4 Key Challenges in Air Suspension Industry

5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Competitive Landscape
5.2.1 Global Air Suspension Market Share by Company (%), 2023
5.2.2 Product Offerings by Company
5.3 Porter’s Five Forces Analysis
5.4 Pricing Analysis and Outlook

6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts

7 Global Air Suspension Market Outlook by Segments
7.1 Air Suspension Market Outlook by Segments, $ Million, 2021- 2030
By Component
Air Spring
Tank
Solenoid Valve
Shock Absorber
Air Compressor
Electronic Control Unit (ECU)
Height & Pressure Sensor
Others
By Technology
Electronic Controlled
Non-Electronic Controlled
By Vehicle
Light Commercial Vehicle
Trucks
Bus
By Sales Channel
Original Equipment Manufacturers (OEMs)
Aftermarket

8 North America Air Suspension Market Analysis and Outlook To 2030
8.1 Introduction to North America Air Suspension Markets in 2024
8.2 North America Air Suspension Market Size Outlook by Country, 2021-2030
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Air Suspension Market size Outlook by Segments, 2021-2030
By Component
Air Spring
Tank
Solenoid Valve
Shock Absorber
Air Compressor
Electronic Control Unit (ECU)
Height & Pressure Sensor
Others
By Technology
Electronic Controlled
Non-Electronic Controlled
By Vehicle
Light Commercial Vehicle
Trucks
Bus
By Sales Channel
Original Equipment Manufacturers (OEMs)
Aftermarket

9 Europe Air Suspension Market Analysis and Outlook To 2030
9.1 Introduction to Europe Air Suspension Markets in 2024
9.2 Europe Air Suspension Market Size Outlook by Country, 2021-2030
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Air Suspension Market Size Outlook by Segments, 2021-2030
By Component
Air Spring
Tank
Solenoid Valve
Shock Absorber
Air Compressor
Electronic Control Unit (ECU)
Height & Pressure Sensor
Others
By Technology
Electronic Controlled
Non-Electronic Controlled
By Vehicle
Light Commercial Vehicle
Trucks
Bus
By Sales Channel
Original Equipment Manufacturers (OEMs)
Aftermarket

10 Asia Pacific Air Suspension Market Analysis and Outlook To 2030
10.1 Introduction to Asia Pacific Air Suspension Markets in 2024
10.2 Asia Pacific Air Suspension Market Size Outlook by Country, 2021-2030
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Air Suspension Market size Outlook by Segments, 2021-2030
By Component
Air Spring
Tank
Solenoid Valve
Shock Absorber
Air Compressor
Electronic Control Unit (ECU)
Height & Pressure Sensor
Others
By Technology
Electronic Controlled
Non-Electronic Controlled
By Vehicle
Light Commercial Vehicle
Trucks
Bus
By Sales Channel
Original Equipment Manufacturers (OEMs)
Aftermarket

11 South America Air Suspension Market Analysis and Outlook To 2030
11.1 Introduction to South America Air Suspension Markets in 2024
11.2 South America Air Suspension Market Size Outlook by Country, 2021-2030
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Air Suspension Market size Outlook by Segments, 2021-2030
By Component
Air Spring
Tank
Solenoid Valve
Shock Absorber
Air Compressor
Electronic Control Unit (ECU)
Height & Pressure Sensor
Others
By Technology
Electronic Controlled
Non-Electronic Controlled
By Vehicle
Light Commercial Vehicle
Trucks
Bus
By Sales Channel
Original Equipment Manufacturers (OEMs)
Aftermarket

12 Middle East and Africa Air Suspension Market Analysis and Outlook To 2030
12.1 Introduction to Middle East and Africa Air Suspension Markets in 2024
12.2 Middle East and Africa Air Suspension Market Size Outlook by Country, 2021-2030
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Air Suspension Market size Outlook by Segments, 2021-2030
By Component
Air Spring
Tank
Solenoid Valve
Shock Absorber
Air Compressor
Electronic Control Unit (ECU)
Height & Pressure Sensor
Others
By Technology
Electronic Controlled
Non-Electronic Controlled
By Vehicle
Light Commercial Vehicle
Trucks
Bus
By Sales Channel
Original Equipment Manufacturers (OEMs)
Aftermarket

13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
List of Companies
Airlift Company
Arnott Industries
Continental AG
Dunlop Systems and Components
Hendrickson International Corp
Mando Corp
Stemco Products Inc
Tenneco Inc
Vibracoustics GmbH
ZF Friedrichshafen AG

14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise

By Component
Air Spring
Tank
Solenoid Valve
Shock Absorber
Air Compressor
Electronic Control Unit (ECU)
Height & Pressure Sensor
Others
By Technology
Electronic Controlled
Non-Electronic Controlled
By Vehicle
Light Commercial Vehicle
Trucks
Bus
By Sales Channel
Original Equipment Manufacturers (OEMs)
Aftermarket