Air Suspension Market size was valued at USD 17.80 Bn. in 2022 and the total revenue is expected to grow at 4.4% of CAGR through 2023 to 2029, reaching USD 24.06 Bn.

Air Suspension Market Overview:

A type of vehicle suspension known as air suspension is powered by an electric or internal combustion engine-powered air pump or compressor. This pump pressurises the air by using compressed air as a spring. In place of conventional steel springs, air suspension is often used in large vehicle applications, such as buses and trucks. The automobile will gradually descend to the earth if the engine is left off for a long time. A smooth, constant ride that can occasionally self-level is what air suspension aims to provide. Air pressure inside the bag lifts the chassis away from the axle. Although they are frequently called airbags or air bellows, their official name is airbags.

Market Scope:

The Global Air Suspension  Report provides a comprehensive analysis of the market, covering data on several factors such as constraints, opportunities, drivers, and threats. The report provides the most up-to-date research on the current global market development plan, as well as the pre- and post-Covid-19 scenarios. It also provides a comprehensive analysis of the market's size based on end-user applications, products, kinds, trends, and major geographic areas.

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Drivers:

Cars with air suspension are far more comfortable and easy to operate. Most imported luxury vehicles costing more than RMB600,000, including Mercedes-Benz, BMW, Audi, Volvo, Land Rover, and Porsche, are equipped with it. For branding purposes, established automakers like Geely, FAW-Hongqi, and Great Wall Motor as well as up-and-coming manufacturers like NIO, Xpeng, and Li Auto add air suspension on their high-end smart vehicles. They either collaborate with air suspension vendors to realise air suspension penetration below or they focus on autonomous full-stack development. It's possible that Chinese automakers will prefer to create their own air suspension control systems and algorithms (which are eventually integrated into chassis domain controllers). Then divide the hardware assembly into components like sensors, air supply units, air springs, and other parts, and they buy them individually.

Segmentation:

by Vehicle Type

Light Duty Vehicles
Trucks
Buses

by Application

Electronically Controlled
Non-Electronically Controlled

by OE Type

Air Springs,
Shock Absorbers,
Compressors,
Electronic Control Units,
Air Reservoirs,
Height Sensors,
Solenoid Valves,
Pressure Sensors

Key Players: the key players are


1. Continental AG (Germany)
2. ThyssenKrupp AG (Germany)
3. ZF Friedrichshafen AG (Germany)
4. SAF Holland (Germany)
5. Vibracoustic (Germany)
6. Dunlop Suspension Systems Ltd (UK)
7. S.J. Sportscars Limited (UK)
8. AB Volvo (Sweden)
9. VB-Airsuspension (Netherlands)
10. AccuAir Suspension (US)
11. Firestone Industrial Products Company, LLC (US)
12. Hendrickson USA, L.L.C (US)
13. Parker Hannifin Corporation (US)
14. Air Lift Company (US)
15. Meritor, Inc. (US)
16. Universal Air (US)
17. Liftmatic (US)
18. Arnott LLC (US)
19. Jamna Auto Industiries Ltd. (India)
20. BWI Group (China)
21. Mando Corporation (South Korea)
22. Hitachi, Ltd. (Japan)

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Regional Analysis:

The report has assessed the global Air Suspension market in the following regions:

  • America, North (the United States, Canada)
  • European Union (Germany, France, United Kingdom, Russia)
  • Asia-Pacific region (China, Japan, Korea, India, Southeast Asia, and Australia)
  • Latin America (Brazil, Argentina, Colombia)
  • Africa and the Middle East (Saudi Arabia, UAE, Egypt, South Africa)

The report also includes the following:

  • The analysis looks at how the Air Suspension market is expected to grow in the future. Using Porter's five forces analysis to examine several perspectives on the Air Suspension market
  • Analyzing the product type that is most likely to dominate the market and the regions that are most likely to see rapid growth throughout the projected period
  • Identify new advancements, Air Suspension market shares, and the leading market players' strategies.

Key Questions answered in the Air Suspension Market Report are:

  • Which key trends are likely to emerge in the Air Suspension market in the forecast period?
  • What will be the Air Suspension market size by 2027?
  • Which company had the biggest share in the Air Suspension market in 2020?