What Has Been the Progress and Growth of the Automotive Air Suspension Market in Recent Years?
The automotive air suspension market has seen considerable growth due to a variety of factors.
• The automotive air suspension market has experienced solid growth in recent years. It will rise from $7.06 billion in 2024 to $7.57 billion in 2025, with a compound annual growth rate (CAGR) of 7.3%.
This growth is driven by rising consumer demand for vehicle comfort and safety, increased miles driven, the growing demand for heavy commercial vehicles, and higher demand for premium and luxury vehicles.
What Can Be Expected from the Automotive Air Suspension Market Size?
The automotive air suspension market is expected to maintain its strong growth trajectory in upcoming years.
• The automotive air suspension market is expected to grow to $9.94 billion by 2029, with a CAGR of 7.0%.
The growth drivers include favorable government policies, the rise in preference for electronically controlled air suspension systems, the increasing production of vehicles, and more off-road recreational activities. Trends include the adoption of electronically controlled suspension, lightweight components, modular designs, and regenerative air suspension technologies.
What Are the Critical Driver Fuelling The Automotive Air Suspension Market's Growth?
The growing demand for commercial vehicles is expected to spur the growth of the automotive air suspension market. Commercial vehicles, used for transporting goods or passengers for business purposes, are in high demand due to economic activity and evolving industry needs. Automotive air suspension systems improve vehicle functionality, comfort, safety, and durability, making them ideal for applications ranging from urban deliveries to heavy-duty transport. In May 2023, the European Automobile Manufacturers Association reported a 5.7% increase in global motor vehicle production in 2022, reaching 85.4 million units. This rise in commercial vehicle demand is driving the growth of the automotive air suspension market.
How Is The Automotive Air Suspension Market segmented?
The automotive air suspension market covered in this report is segmented –
1) By Control Type: Electronically Controlled Air Suspension, Non-Electronically Controlled Air Suspension
2) By Component: Air Springs, Shock Absorber, Compressor, Electronic Control Unit, Air Reservoir, Height And Pressure Sensor, Remote Control, Solenoid Valve, Other Component
3) By Vehicle Type: Passenger Vehicle, Light Commercial Vehicle, Heavy Commercial Vehicle, Bus And Coaches
4) By Sales Channel: Original Equipment Manufacturer, Aftermarket
Subsegments:
1) By Electronically Controlled Air Suspension: Adaptive Air Suspension Systems, Semi-Active Air Suspension Systems, Fully Active Air Suspension Systems, Smart Suspension Systems With Automatic Load Adjustment, Suspension Systems With Height Control And Ride Quality Enhancement
2) By Non-Electronically Controlled Air Suspension: Manual Air Suspension Systems, Pneumatic Air Suspension Systems (Non-Digital Control), Fixed-Height Air Suspension Systems, Mechanical Air Suspension With Adjustable Pressure
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What Emerging Trends Are Influencing The Growth Of The Automotive Air Suspension Market?
In the automotive air suspension market, innovations like zero maintenance damping ride technology are being developed to improve ride comfort, stability, and load-carrying capacity. Hendrickson introduced the ROADMAAX Z rear air suspension in July 2023, incorporating patented Zero Maintenance Damping technology. This system eliminates the need for traditional shock absorbers, offering a consistent, smooth ride and reducing maintenance costs.
Who Are the Key Players In The Automotive Air Suspension Market?
Major companies operating in the automotive air suspension market are:
• Hitachi Ltd.
• ZF Friedrichshafen AG
• ThyssenKrupp AG
• Continental AG
• Hyundai Mobis
• PACCAR Inc.
• Isuzu Motors Limited
• Tenneco Inc.
• Nidec Corporation
• Iveco S.p.A.
• DuPont de Nemours Inc.
• Hino Motors Ltd.
• Knorr-Bremse AG
• Meritor Inc.
• Hendrickson USA L.L.C.
• Sogefi S.p.A.
• SAF-Holland S.A.
• Wheels India Limited
• Magneti Marelli S.p.A.
• Stemco
• Vibracoustics
• Ridewell Corporation
• Bilstein
• Airlift Company
• Firestone Industrial Products
What Is The Most Dominant Region In The Automotive Air Suspension Market?
Asia-Pacific was the largest region in the automotive air suspension market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive air suspension market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
