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Automotive Air Suspension Market Size, Share & Growth 2031
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Automotive Air Suspension Market Size, Share & Growth 2031

Segments - Automotive Air Suspension Market by Control Types (Electronically Controlled Air Suspension and Non-electronically Controlled Air Suspension), Application Types (Passenger Cars and Commercial vehicles), End-users (OEMs and Aftermarket), and Regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa)- Global Industry Analysis, Growth, Share, Size, Trends, and Forecast to 2031

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Author : Akash Vedpathak
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Fact-checked by : V. Chandola
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Editor : Shruti Bhat

Upcoming | Report ID :AL-851 | 4.7 Rating | 66 Reviews | 142 Pages | Format : PDF Excel PPT

Report Description


Automotive Air Suspension Market Outlook 2031

The global automotive air suspension market size was USD 7.59 Billion in 2022 and is anticipated to reach USD 15.8 Billion by 2031 expand at a CAGR of 8.5% during the forecast period, 2023 – 2031. The growth of the market is attributed to increasing demand for luxury buses for long distance travelling. Moreover, rising preference for comfort and luxury in passenger cars is expected to propel the market growth.

Air suspension is driven by an engine-driven compressor or air pump. Air suspension system consists of air springs, shock absorbers, beam assembly, brake system, and axle. This type of suspension increases stability and reduces fuel consumption, which in turn, improves comfort of the vehicle. The air suspension system also reduces the noise and vibration and increases the capacity to transport loads by levelling the suspension. Air suspension consists of different components, which includes air springs and height sensor.

Global Automotive Air Suspension Market Outlook

Air springs have more capabilities than conventional coil springs. Vehicles with air suspension maintain better stability and helps in adjusting the ride height according to the vehicle speed. The suspension system of a car has two primary objectives, which are to maintain contact between the wheel and road and to prohibit road shocks and undulations to the passenger cabin. Some major bus manufacturers include Volvo, Scania, Daimler, etc. use air suspensions in their buses.

  • Increasing demand for vehicles integrated with air suspension system is expected to boost the automotive air suspension market during the forecast period.
  • Rising production of passenger cars and commercial vehicles is expected to propel the market growth.
  • Growing demand for height sensors is expected to drive the market growth.
  • High Installation cost of air suspension can hinder the market growth.
  • Ongoing development of lightweight air suspension systems and technological innovations in the field of electronically controlled air suspension are expected to create significant opportunities for the global automotive air suspension market.

Scope of The Automotive Air Suspension Market Report

The report on the global automotive air suspension market research report includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Automotive Air Suspension - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Control Types (Electronically Controlled Air Suspension and Non-electronically Controlled Air Suspension), Application Types (Passenger Cars and Commercial vehicles), and End-Users (OEMs and Aftermarket)

Regional Scope

North America, Latin America, Europe, Asia Pacific and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Continental AG, Magneti Marelli S.p.A, Hendrickson USA, L.L.C., WABCO, ThyssenKrupp AG, Hitachi, Ltd., Dunlop Systems and Components, and ZF Friedrichshafen AG

Global Automotive Air Suspension Market Segment Insights

Electronically controlled segment to dominate the market

Based on control types, the global automotive air suspension market is divided into electronically controlled air suspension and non-electronically controlled air suspension. The electronically controlled air suspension segment is expected to to dominate the market share owing to growing adoption of technological advanced systems in the suspension system.

Moreover, its features, which includes, raising and lowering the vehicle height, reducing air consumption, high stability, improved ride quality, and ability to adapt to varying load capacities is driving the segment growth.

Global Automotive Air Suspension Market Control Type

Passenger cars segment is to hold major market share

Based on application types, the global automotive air suspension market is segmented into passenger cars and commercial vehicles. The passenger cars segment is to expected to hold a major market share owing to growing production of passenger vehicles in developing and developed economies.

Increasing demand for automobiles in developing economies can be attributed due to the increasing working population, rapid industrialization, and growing middle-income level groups, which is boosting the segment growth.

OEMs segment to account a considerable market share

Based on end users, the market is bifurcated into OEMs and aftermarket. The OEMs segment is anticipated to account for a considerable market share during forecast period. OEMs provide standardization for independent suspension systems with help of significant parameters while establishing supply contracts. Growing demand for comfort and safety features has increased the installation of independent suspension systems in modern cars, driving the segment growth.

Automotive Air Suspension Market End User

Asia Pacific to dominate the market share

Based on regions, the market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is expected to dominate the market owing to increasing technological advancements and existence of major key players in countries such as India, China, And Japan. Rising technological advancements, leading to improved technical capabilities is to expected to foster the market growth in the region.

Global Automotive Air Suspension Market Region

Segments


The global automotive air suspension market has been segmented on the basis of

Control Types

  • Electronically Controlled Air Suspension
  • Non-electronically Controlled Air Suspension

Application types

  • Passenger Cars
  • Commercial vehicles

End-Users

  • OEMs
  • Aftermarket

Regions

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Key Players

Competitive Landscape

The key players operating in the global automotive air suspension market includes Continental AG, Magneti Marelli S.p.A, Hendrickson USA, L.L.C., WABCO, ThyssenKrupp AG, Hitachi, Ltd., Dunlop Systems and Components, and ZF Friedrichshafen AG.

Global Automotive Air Suspension Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Automotive Air Suspension Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Automotive Air Suspension Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Automotive Air Suspension Market - Supply Chain
  4.5. Global Automotive Air Suspension Market Forecast
     4.5.1. Automotive Air Suspension Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Automotive Air Suspension Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Automotive Air Suspension Market Absolute $ Opportunity
5. Global Automotive Air Suspension Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Automotive Air Suspension Market Size and Volume Forecast by Types
     5.3.1. Electronically Controlled Air Suspension
     5.3.2. Non-electronically Controlled Air Suspension
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Automotive Air Suspension Market Analysis and Forecast by Applications
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Applications
     6.2.2. Y-o-Y Growth Projections by Applications
  6.3. Automotive Air Suspension Market Size and Volume Forecast by Applications
     6.3.1. Passenger Cars
     6.3.2. Commercial vehicles
  6.4. Absolute $ Opportunity Assessment by Applications
  6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Automotive Air Suspension Market Analysis and Forecast by End Users
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by End Users
     7.2.2. Y-o-Y Growth Projections by End Users
  7.3. Automotive Air Suspension Market Size and Volume Forecast by End Users
     7.3.1. OEMs
     7.3.2. Aftermarket
  7.4. Absolute $ Opportunity Assessment by End Users
  7.5. Market Attractiveness/Growth Potential Analysis by End Users
8. Global Automotive Air Suspension Market Analysis and Forecast by Region
  8.1. Market Trends
  8.2. Introduction
     8.2.1. Basis Point Share (BPS) Analysis by Region
     8.2.2. Y-o-Y Growth Projections by Region
  8.3. Automotive Air Suspension Market Size and Volume Forecast by Region
     8.3.1. North America
     8.3.2. Latin America
     8.3.3. Europe
     8.3.4. Asia Pacific
     8.3.5. Middle East and Africa (MEA)
  8.4. Absolute $ Opportunity Assessment by Region
  8.5. Market Attractiveness/Growth Potential Analysis by Region
  8.6. Global Automotive Air Suspension Demand Share Forecast, 2019-2026
9. North America Automotive Air Suspension Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
  9.2. North America Automotive Air Suspension Market Size and Volume Forecast by Country
     9.2.1. U.S.
     9.2.2. Canada
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. North America Automotive Air Suspension Market Size and Volume Forecast by Types
     9.4.1. Electronically Controlled Air Suspension
     9.4.2. Non-electronically Controlled Air Suspension
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. North America Automotive Air Suspension Market Size and Volume Forecast by Applications
     9.7.1. Passenger Cars
     9.7.2. Commercial vehicles
  9.8. Basis Point Share (BPS) Analysis by Applications
  9.9. Y-o-Y Growth Projections by Applications
  9.10. North America Automotive Air Suspension Market Size and Volume Forecast by End Users
     9.10.1. OEMs
     9.10.2. Aftermarket
  9.11. Basis Point Share (BPS) Analysis by End Users
  9.12. Y-o-Y Growth Projections by End Users
  9.13. Market Attractiveness/Growth Potential Analysis
     9.13.1. By Country
     9.13.2. By Product Type
     9.13.3. By Application
  9.14. North America Automotive Air Suspension Demand Share Forecast, 2019-2026
10. Latin America Automotive Air Suspension Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Latin America Average Pricing Analysis
  10.2. Latin America Automotive Air Suspension Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
  10.4. Latin America Automotive Air Suspension Market Size and Volume Forecast by Types
     10.4.1. Electronically Controlled Air Suspension
     10.4.2. Non-electronically Controlled Air Suspension
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Latin America Automotive Air Suspension Market Size and Volume Forecast by Applications
     10.7.1. Passenger Cars
     10.7.2. Commercial vehicles
  10.8. Basis Point Share (BPS) Analysis by Applications
  10.9. Y-o-Y Growth Projections by Applications
  10.10. Latin America Automotive Air Suspension Market Size and Volume Forecast by End Users
     10.10.1. OEMs
     10.10.2. Aftermarket
  10.11. Basis Point Share (BPS) Analysis by End Users
  10.12. Y-o-Y Growth Projections by End Users
  10.13. Market Attractiveness/Growth Potential Analysis
     10.13.1. By Country
     10.13.2. By Product Type
     10.13.3. By Application
  10.14. Latin America Automotive Air Suspension Demand Share Forecast, 2019-2026
11. Europe Automotive Air Suspension Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Europe Average Pricing Analysis
  11.2. Europe Automotive Air Suspension Market Size and Volume Forecast by Country
     11.2.1. Germany
     11.2.2. France
     11.2.3. Italy
     11.2.4. U.K.
     11.2.5. Spain
     11.2.6. Russia
     11.2.7. Rest of Europe
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Europe Automotive Air Suspension Market Size and Volume Forecast by Types
     11.4.1. Electronically Controlled Air Suspension
     11.4.2. Non-electronically Controlled Air Suspension
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Europe Automotive Air Suspension Market Size and Volume Forecast by Applications
     11.7.1. Passenger Cars
     11.7.2. Commercial vehicles
  11.8. Basis Point Share (BPS) Analysis by Applications
  11.9. Y-o-Y Growth Projections by Applications
  11.10. Europe Automotive Air Suspension Market Size and Volume Forecast by End Users
     11.10.1. OEMs
     11.10.2. Aftermarket
  11.11. Basis Point Share (BPS) Analysis by End Users
  11.12. Y-o-Y Growth Projections by End Users
  11.13. Market Attractiveness/Growth Potential Analysis
     11.13.1. By Country
     11.13.2. By Product Type
     11.13.3. By Application
  11.14. Europe Automotive Air Suspension Demand Share Forecast, 2019-2026
12. Asia Pacific Automotive Air Suspension Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Asia Pacific Average Pricing Analysis
  12.2. Asia Pacific Automotive Air Suspension Market Size and Volume Forecast by Country
     12.2.1. China
     12.2.2. Japan
     12.2.3. South Korea
     12.2.4. India
     12.2.5. Australia
     12.2.6. Rest of Asia Pacific (APAC)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Asia Pacific Automotive Air Suspension Market Size and Volume Forecast by Types
     12.4.1. Electronically Controlled Air Suspension
     12.4.2. Non-electronically Controlled Air Suspension
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Asia Pacific Automotive Air Suspension Market Size and Volume Forecast by Applications
     12.7.1. Passenger Cars
     12.7.2. Commercial vehicles
  12.8. Basis Point Share (BPS) Analysis by Applications
  12.9. Y-o-Y Growth Projections by Applications
  12.10. Asia Pacific Automotive Air Suspension Market Size and Volume Forecast by End Users
     12.10.1. OEMs
     12.10.2. Aftermarket
  12.11. Basis Point Share (BPS) Analysis by End Users
  12.12. Y-o-Y Growth Projections by End Users
  12.13. Market Attractiveness/Growth Potential Analysis
     12.13.1. By Country
     12.13.2. By Product Type
     12.13.3. By Application
  12.14. Asia Pacific Automotive Air Suspension Demand Share Forecast, 2019-2026
13. Middle East & Africa Automotive Air Suspension Market Analysis and Forecast
  13.1. Introduction
     13.1.1. Basis Point Share (BPS) Analysis by Country
     13.1.2. Y-o-Y Growth Projections by Country
     13.1.3. Middle East & Africa Average Pricing Analysis
  13.2. Middle East & Africa Automotive Air Suspension Market Size and Volume Forecast by Country
     13.2.1. Saudi Arabia
     13.2.2. South Africa
     13.2.3. UAE
     13.2.4. Rest of Middle East & Africa (MEA)
  13.3. Absolute $ Opportunity Assessment by Country
  13.4. Middle East & Africa Automotive Air Suspension Market Size and Volume Forecast by Types
     13.4.1. Electronically Controlled Air Suspension
     13.4.2. Non-electronically Controlled Air Suspension
  13.5. Basis Point Share (BPS) Analysis by Types
  13.6. Y-o-Y Growth Projections by Types
  13.7. Middle East & Africa Automotive Air Suspension Market Size and Volume Forecast by Applications
     13.7.1. Passenger Cars
     13.7.2. Commercial vehicles
  13.8. Basis Point Share (BPS) Analysis by Applications
  13.9. Y-o-Y Growth Projections by Applications
  13.10. Middle East & Africa Automotive Air Suspension Market Size and Volume Forecast by End Users
     13.10.1. OEMs
     13.10.2. Aftermarket
  13.11. Basis Point Share (BPS) Analysis by End Users
  13.12. Y-o-Y Growth Projections by End Users
  13.13. Market Attractiveness/Growth Potential Analysis
     13.13.1. By Country
     13.13.2. By Product Type
     13.13.3. By Application
  13.14. Middle East & Africa Automotive Air Suspension Demand Share Forecast, 2019-2026
14. Competition Landscape
  14.1. Global Automotive Air Suspension Market: Market Share Analysis
  14.2. Automotive Air Suspension Distributors and Customers
  14.3. Automotive Air Suspension Market: Competitive Dashboard
  14.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     14.4.1. Continental AG
     14.4.2. Magneti Marelli S.p.A
     14.4.3. Hendrickson USA, L.L.C.
     14.4.4. WABCO
     14.4.5. ThyssenKrupp AG
     14.4.6. Hitachi, Ltd.
     14.4.7. Dunlop Systems and components
     14.4.8. ZF Friedrichshafen AG</

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