Car Air Suspension Market Size, Share & Growth Report | 2030

Segments - Car Air Suspension Market by Types (Sleeve, Convoluted, and Others), Applications (Railway and Vehicles) and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East and Africa) – Global Industry Analysis, Growth, Shares, Size, Trends, and Forecast 2021– 2028

Author : Akash Vedpathak

Fact-checked by : Vineet Pandey

Editor : Shruti Bhat

Report Description

The global car air suspension market size is expected to register a significant CAGR during the forecast period 2021–2028. The growth of the market is attributed to increasing disposable income, demand for cabin comfort, growing demand for luxury cars, safety features, and quality rides.

Car air spring suspension is a category of vehicle suspension which is energized by an engine-driven or electric air compressor or pump, air spring. These pump pumps the air into an adjustable underneath, usually it assembles from textile-reinforced rubber. Air suspension uses pressurized air not pressurized liquid for function.

In vehicles sleeve air spring suspension system is present. Sleeve air springs are cylindrical in shape but they are small in diameter compare to rubber bellow. Car air springs are manufactured using material like heavy duty synthetic rubber or reinforced rubber. The sleeve manner air bag is in smaller diameter that is helpful in applications with house limitations. These air bags are most suited to light-weight duty trucks, to feature stability and tow management where as providing bigger travel and maintaining sensible ride comfort.

The COVID-19 pandemic has major impact on the overall chain of supply of the automotive industry. The pause in logistics and production due to the pandemic has concerned raw material distributor of the automotive industry. This Covid-19 situation has damaged the overall growth of the sector in 2020, as crucial automotive players such as BMW AG, Groupe PSA, General Motors, Volkswagen, and FIAT had halted their production due to COVID-19 pandemic. This framework affected the automotive suspension market, mostly in regions like North America and Europe, as the development of this market is straight connected to the manufacturing of vehicles.

Market Trends, Drivers, Restraints, and Opportunities

Increasing demand for cabin comfort, luxury cars, safety features, and quality rides is projected to boost the market in the coming year.
Rapid growth of the automotive industry is key factor fuelling the market during the forecast period.
High price and high maintenances cost are anticipated to restrict the market growth.
Lack of awareness about car air suspension system act as s main challenge that can hamper the market expansion in the coming year.
R & D investment and technological advancement in air suspension system is expected to create significant opportunities for the market players.

Scope of the Report

The report on the global car air suspension market 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	Car Air Suspension Market – Global Industry Analysis, Growth, Shares, Trends, and Forecast
Base Year	2020
Historic Data	2018–2019
Forecast Period	2021–2028
Segmentation	Type (Sleeve, Convoluted, and others) Applications (Railway and Vehicles)
Regional Scope	Asia Pacific, North America, Latin America, Europe, 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	Hitachi Ltd., Firestone Industrial Products, LORD corporation, Dunlop Systems And Components Ltd., ThyssenKrupp Ag, WABCO Holdings Inc., VB-Air suspension, Hendrickson International Corporation, Beijing West Industries Co., Ltd., Mando Corporation, Air Lift Company, and Volvo Car Corporation

Market Segment Insights

The convoluted segment is projected to constitute a large market share
On the basis of type, the car air suspension market segmented into sleeve, convoluted, and others. The convoluted segment is expected to account for a key share of the market during the forecast period owing rising consumer inclination towards installing latest technology products in their vehicles and demand for stability of vehicles. However, sleeve segment is anticipated to expand at a rapid pace during the forecast period due to improving cabin comfort, increase in disposable income, safety features, and quality ride.

The vehicle segment is estimated to hold major market share during the forecast period
Based on application, the global car air suspension market is divided into railway and vehicles segment. The vehicles segment is expected to grow at a rapid pace.

Europe is expected to dominate the market
In terms of regions, the car air suspension market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in Europe is anticipated to expand at a high CAGR during the forecast period. The regional market growth can be attributed to inclination of consumers towards latest technology and growing demand for luxury cars. On the other hand, the market in North America is expected to exhibit a rapid growth rate in coming years due to rising preference towards buying premium cars for quality ride, safety features, and comfortable ride.

Segments

Segments Covered in the Report
The global car air suspension market has been segmented on the basis of

Type

Sleeve
Convoluted
Other

Applications

Railway
Vehicles

Regions

Asia Pacific
North America
Latin America
Europe
Middle East & Africa

Key Players

Hitachi Ltd.
Firestone Industrial Products,
LORD corporation
Dunlop Systems And Components Ltd.
ThyssenKrupp Ag
WABCO Holdings Inc.
VB-Air suspension
Hendrickson International Corporation
Beijing West Industries Co., Ltd.
Mando Corporation
Air Lift Company
Volvo Car Corporation

Competitive Landscape

Key players competing in the car air suspension market are Hitachi Ltd., Firestone Industrial Products, LORD Corporation, Dunlop Systems And Components Ltd., ThyssenKrupp Ag, WABCO Holdings Inc., VB-Air suspension, Hendrickson International Corporation, Beijing West Industries Co., Ltd., Mando Corporation, Air Lift Company, and Volvo Car Corporation.

Some of these players are using several business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.

Car Air Suspension Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Car 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. Car 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. Car Air Suspension Market - Supply Chain
  4.5. Global Car Air Suspension Market Forecast
     4.5.1. Car Air Suspension Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Car Air Suspension Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Car Air Suspension Market Absolute $ Opportunity
5. Global Car 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. Car Air Suspension Market Size and Volume Forecast by Types
     5.3.1. Sleeve
     5.3.2. Convoluted
     5.3.3. Other
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Car 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. Car Air Suspension Market Size and Volume Forecast by Applications
     6.3.1. Railway
     6.3.2. Vehicles
  6.4. Absolute $ Opportunity Assessment by Applications
  6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Car Air Suspension Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Car Air Suspension Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Car Air Suspension Demand Share Forecast, 2019-2026
8. North America Car Air Suspension Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Car Air Suspension Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Car Air Suspension Market Size and Volume Forecast by Types
     8.4.1. Sleeve
     8.4.2. Convoluted
     8.4.3. Other
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Car Air Suspension Market Size and Volume Forecast by Applications
     8.7.1. Railway
     8.7.2. Vehicles
  8.8. Basis Point Share (BPS) Analysis by Applications
  8.9. Y-o-Y Growth Projections by Applications
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Car Air Suspension Demand Share Forecast, 2019-2026
9. Latin America Car 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
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Car Air Suspension Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Car Air Suspension Market Size and Volume Forecast by Types
     9.4.1. Sleeve
     9.4.2. Convoluted
     9.4.3. Other
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Car Air Suspension Market Size and Volume Forecast by Applications
     9.7.1. Railway
     9.7.2. Vehicles
  9.8. Basis Point Share (BPS) Analysis by Applications
  9.9. Y-o-Y Growth Projections by Applications
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Car Air Suspension Demand Share Forecast, 2019-2026
10. Europe Car 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. Europe Average Pricing Analysis
  10.2. Europe Car Air Suspension Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Car Air Suspension Market Size and Volume Forecast by Types
     10.4.1. Sleeve
     10.4.2. Convoluted
     10.4.3. Other
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Car Air Suspension Market Size and Volume Forecast by Applications
     10.7.1. Railway
     10.7.2. Vehicles
  10.8. Basis Point Share (BPS) Analysis by Applications
  10.9. Y-o-Y Growth Projections by Applications
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Car Air Suspension Demand Share Forecast, 2019-2026
11. Asia Pacific Car 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. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Car Air Suspension Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Car Air Suspension Market Size and Volume Forecast by Types
     11.4.1. Sleeve
     11.4.2. Convoluted
     11.4.3. Other
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Car Air Suspension Market Size and Volume Forecast by Applications
     11.7.1. Railway
     11.7.2. Vehicles
  11.8. Basis Point Share (BPS) Analysis by Applications
  11.9. Y-o-Y Growth Projections by Applications
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Car Air Suspension Demand Share Forecast, 2019-2026
12. Middle East & Africa Car 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. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Car Air Suspension Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Car Air Suspension Market Size and Volume Forecast by Types
     12.4.1. Sleeve
     12.4.2. Convoluted
     12.4.3. Other
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Car Air Suspension Market Size and Volume Forecast by Applications
     12.7.1. Railway
     12.7.2. Vehicles
  12.8. Basis Point Share (BPS) Analysis by Applications
  12.9. Y-o-Y Growth Projections by Applications
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Car Air Suspension Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Car Air Suspension Market: Market Share Analysis
  13.2. Car Air Suspension Distributors and Customers
  13.3. Car Air Suspension Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. Hitachi Ltd.
     13.4.2. Firestone Industrial Products,
     13.4.3. LORD corporation
     13.4.4. Dunlop Systems And Components Ltd.
     13.4.5. ThyssenKrupp Ag
     13.4.6. WABCO Holdings Inc.
     13.4.7. VB-Air suspension
     13.4.8. Hendrickson International Corporation
     13.4.9. Beijing West Industries Co., Ltd.
     13.4.10. Mando Corporation&a