Status : Published Published On : Sep, 2024 Report Code : VRAT9635 Industry : Automotive & Transportation Available Format : Page : 197
2025
2030

Global Air Suspension Market Size & Share | Growth Forecast Report 2030

Industry Insights By Vehicles Type (Passenger Vehicles, Commercial Vehicles and Others), By System Type (Electronic Air Suspension, Semi-Active Air Suspension and Passive Air Suspension), By Component (Air Springs, Compressors, Height Sensors, and Control Units), By Application (On-Road and Off-Road), By Distribution Channel (Original Equipment Manufacturers and Aftermarket) and By Geography (North America, Europe, Asia Pacific, Middle East and Africa)

Industry Overview

The global Air Suspension Market size was estimated to be USD 8.9 billion in 2023 and is expected to grow up to USD 13.9 billion by 2030 at a CAGR of 6.10% during the forecast period ranging between 2025 and 2030.

Air Suspension Market

Air suspension refers to a special type of vehicle suspension. It is powered by an air pump or compressor that operates on electric or is driven by the engine of the vehicle itself. The pump or compressor inflates the bellows or air bags that are typically made of flexible material. This is an advanced technology that is extensively used in luxury cars, heavy-duty trucks, and buses. The prime objective of it is to offer a smoother ride and greater control than conventional steel springs. The mechanism adjusts the height of the vehicle automatically and improves handling, particularly under varying loads. The main benefits of air suspension include lower wear on tiresand improved fuel efficiency.

The most significant growth factors of the global air suspension market are the growing demand for luxury vehicles and higher adoption of innovative suspension systems in commercial vehicles. The growing shift of consumers towards premium automobiles offering superior comfort and driving dynamics and the increased integration of air suspension systems by the automakers to meet these expectations has resulted in the growth of the market. Additionally, the growing emphasis on load management and fuel efficiency in commercial trucks and buses has also led to the widespread adoption of air suspension technology because it helps reduce operational costs and improve ride quality.

Global Air Suspension Market Report Coverage

Report Metric

Details

Historical Period

2018 - 2023

Base Year Considered

2024

Forecast Period

2025 - 2030

Market Size in 2023

U.S.D.  8.9 Billion

Revenue Forecast in 2030

U.S.D.  13.9 Billion

Growth Rate

6.10%

Segments Covered in the Report

By Vehicle Types, System Types, Components, Applications and Distribution Channels

Report Scope

Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling

Regions Covered in the Report

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

A major challenge to the air suspension market growth is the high cost of installation and maintenance in comparison to traditional suspension systems. This limits its widespread adoption, especially in cost-sensitive markets. On the other hand, significant growth opportunities are offered by the growing demand for electric vehicles (EVs). The EV manufacturers prioritize comfort and efficiency by integrating air suspension systems. This enhances performance by optimizing energy consumption and load management, presenting novel opportunities for market expansion.

Global Air Suspension Industry Dynamics

Global Air Suspension MarketTrends:

Rapid and extensive electrification of vehicles

The global air suspension market is witnessing a rapid and extensive electrification of vehicles. This is mainly due to the increased focus on the manufacturers on electric and hybrid models that need integrating air suspension systems for enhanced comfort and performance. Additionally, significant developments in technology, such as electronic air suspension, are also noticed and gaining traction. This needs making real-time adjustments to improve ride quality. Furthermore, there is also an increased emphasis on sustainability which prompts the development of energy-efficient systems and lightweight materials. Also, the growing demand for autonomous vehicles is fostering innovation in air suspension technologies to improve handling dynamics and safety.

Global Air Suspension Market Growth Drivers

Growing focus on reducing emissions

The strict government regulations to reduce carbon emissions of vehicles are promoting the adoption of air suspension systems. This is because these systems not only improve the ride quality and comfort but also facilitates improvement of fuel efficiency. This plays a crucial role in lowering carbon emissions. As a result, all vehicle manufacturers look for ways to abide by the set environmental standards and therefore integrate these advanced air suspension systems in both commercial and passenger vehicles. This, in turn, contributes to the market growth.

Technological improvements in suspension systems

The significant development in the air suspension systems has also accelerated market growth due to the ability to provide real-time adjustments depending on the condition of the roads, speed of the vehicle, and load carried. This ensures optimal performance. Furthermore, the integration of onboard diagnostics, sensors, and smart controls increases the functionality of the air suspension systems making them more responsive. This, in turn, enhances driving comfort and safety. These technologies are expected to evolve further during the forecast period which will push the demand for these intelligent suspension systems further forward and create new opportunities for manufacturers to grow.

Rapid urbanization drive and road infrastructure development

Rapid urbanization, mainly in developing economies, is driving the demand for vehicles that come with these advanced air suspension systems. The extension of urban road networks as well as the significant developments in the infrastructurehas increased the need and demand for such vehicles from the consumers looking for greater driving comfort and safety. Most importantly, these advanced systems can adapt to different road conditions. Since a large section of the consumers in developing countries are investing more in vehicles for commercial as well as personal use, it is pushing the air suspension systems market forward.

Global Air Suspension Market Challenges

Technical complexity of air suspension systems

Typically, the air suspension systems consist of complex components such as airbags, compressors, and sensors. Installation and repair of such complex parts need specialized technical knowhow. Since the complexities increases every day with technological developments, there is a higher chance of the system malfunctioning, needing frequent repairs and increasing operational cost. This typically deters consumers and hinders widespread adoption and growth of the air suspension market worldwide. In addition, limited awareness in emerging markets regarding the benefits offered and supply chain disruptions at a global scale poses challenges for market growth.

Global Air Suspension Market Opportunities

Growing demand for autonomous vehicles

The growing interest of consumers in autonomous vehicles offers a significant opportunity for growth for the global air suspension market since they want a smoother and safer ride. Moreover, the growing focus on vehicle safety standards by the vehicle manufactures to improve vehicle stability and handling and offer better control in hazardous road conditions, the expansion of the aftermarket segment, and expanding electric bus and commercial fleet market to support sustainable urban transport are also offering major growth opportunities.

Global Air Suspension Market Segmentation

VynZ Research provides an analysis of the key trends in each segment of the global Hematologic Malignancies Testing Market report, along with forecasts at the global, regional and country levels from 2025-2030. Our report has categorized the market based on vehicle types, system types, components, applications, and distribution channels. 

Market Segmentation

Insight by Vehicle Type

  • Passenger Vehicles
  • Commercial Vehicles
  • Others

Passenger vehicles segments will dominate

The global air suspension market is divided into different segments according to the vehicle type into passenger vehicles, commercial vehicles, and others. Among all these, the passenger vehicles segment is the most dominating one than the others due to the rising consumer preference for luxury and riding comfort. The demand for premium automobiles with advanced suspension systems is also rising, especially in developed countries. However, the commercial vehicles segment is also supposed to grow ata significantly high rate during the forecast period, especially electric buses and trucks, due to rapid urbanization drives and a greater focus on fuel efficiency and lower operational cost.

Insight by System Type

  • Electronic Air Suspension
  • Semi-Active Air Suspension
  • Passive Air Suspension

The electronic air suspension segment will be more dominating

Different system types also divide the global air suspension market into different categories such as electronic air suspension, semi-active air suspension, and passive air suspension. Out of these, during the projected period the electronic air suspension segment will be the most dominating subsection due to its greater ability to offer real-time adjustments and improved riding comfort levels. As technology continues to develop, the semi-active air suspension systems segment is also anticipated to grow at a reasonably high rate due to their higher adaptability to changing road conditions and load varying management needs.

Insight by Component

  • Air Springs
  • Compressors
  • Height Sensors
  • Control Units

Air springs will surpass others in dominance

The global air suspension market is also segmented by the components into Air Springs, Compressors, Height Sensors, and Control Units. Out of them, the air springs section will dominate for their crucial role played in the functionality of air suspension systems. It provides the required cushioning and support. However, the compressors segment will also grow rapidly during the predicted period as manufacturers innovate and improve their efficiency to improve the performance of the overall system.

Insight by Application

  • On-Road
  • Off-Road Applications

On-road applications segment will outperform others

Varied application also categorizes the global air suspension market into different segments such as On-Road and Off-Road Applications. Among them, the on-road applications will dominate the market mainly due to the higher adoption of air suspension systems in passenger and commercial vehicles. However, the off-road applications segment will also grow significantly due to higher demand in mining and construction industries.

Insight by Distribution Channel

  • OEM
  • Aftermarket

OEM will be the most dominating section

The global air suspension market is further divided by distribution channels such as OEM (original equipment manufacturers) and Aftermarket. Among them, the OEM segment is expected to dominate the market due to increased integration of air suspension systems by the manufacturers into new vehicles. However, the aftermarket will also grow due to the rising need for replacements and upgrades.

Global Air Suspension Market: Geographic Overview

The North American region of the air suspension market is most dominating, especially in the US and Canada. This is mainly due to the high demand for luxury vehicles, developed commercial transportation, growing consumer preference for comfort, strict regulations on emissions, greater focus on improving vehicle performance, and technological advancements.

The European market is mature and robust and is led by France, Germany, and other countries. The growth is due to the strict environmental regulations, a strong emphasis on sustainability in electric and hybrid vehicles, and rising consumer demand for improved ride quality and comfort.

The Asia-Pacific region is expected to grow at a rapid rate during the projected period due to increasing urbanization, growing disposable incomes, expanding automotive industries, increasing focus on electric and environmentally friendly vehicles, and higher adoption in developing countries like China and India.

The Middle East & Africa region will grow due to growing need for comfortable and efficient transportation solutions, rapid urbanization, infrastructure development, growing awareness of the benefits offered, and government initiatives to endorse sustainable transport.

Global Air Suspension Market Competitive Insight

The report provides a comprehensive analysis of the competitive landscape in the market. Some of the key players in the market include:

  • Continental AG
  • Wabco Holdings
  • Hendrickson International
  • Mando Corporation
  • Firestone Industrial Products
  • ThyssenKrupp Bilstein
  • ZF Friedrichshafen AG
  • Hitachi
  • Accuair Suspension
  • Vibracoustics

Recent Developments by Key Players

Vibracoustic and XPeng (Chinese electric vehicle maker) collaborated to design and manufacture switchable two-chamber air springs for the new XPENG G9 battery electric vehicle (BEV). This solution shall provide two distinct levels of stiffness that will allow the vehicle to adapt to different road conditions and loads.

Continental and DeepDrive (Munich-based high-tech company) partnered to develop core technologies for electric vehicles. Both companies shall jointly develop a combined unit comprising brake and drive components for mounting directly on the vehicle wheel. 

Air Suspension Market Size

Source: VynZ Research

Air Suspension Market Analysis

Frequently Asked Questions

The global Air Suspension Market was estimated to be USD 8.9 billion in 2023.
The projected CAGR for the Air Suspension Market during the forecast period ranging from 2025 to 2030 is 6.10%.
Key growth factors include the rising demand for luxury vehicles, increased adoption of innovative suspension systems in commercial vehicles, a focus on load management and fuel efficiency, and the growing interest in electric vehicles that prioritize comfort and efficiency.
The primary challenges include the high cost of installation and maintenance compared to traditional systems, technical complexity, limited awareness in emerging markets, and potential supply chain disruptions.
The main benefits of air suspension include a smoother ride, improved fuel efficiency, lower wear on tires, and the ability to adjust the vehicle's height automatically for better handling and comfort.

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Research Methodology

  •  Desk Research / Pilot Interviews
  •  Build Market Size Model
  •  Research and Analysis
  •  Final Deliverabvle

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Key Takeaways