Air Suspension

Air Suspension Market by Component (Air Compressor, Air Spring, Electronic Control Unit), Technology (Electronically Controlled, Non-Electronically Controlled), Vehicle Type, End-User - Global Forecast 2024-2030

SKU
MRR-957C47F901DF
Region
Global
Publication Date
March 2024
Delivery
Immediate
2023
USD 18.14 billion
2030
USD 26.85 billion
2024
USD 19.15 billion
CAGR
5.76%
360iResearch Analyst
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[191 Pages Report] The Air Suspension Market size was estimated at USD 18.14 billion in 2023 and expected to reach USD 19.15 billion in 2024, at a CAGR 5.76% to reach USD 26.85 billion by 2030.

Air Suspension Market
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Air suspension, a kind of vehicle suspension powered by an electric or engine-driven air pump or compressor, replaces conventional steel springs with air springs, offering superior ride quality and adjustability. The air suspension industry is notably influenced by several factors. Drivers include the increasing demand for luxury buses and premium vehicles and heightened consumer awareness of ride quality and comfort. Technological advancement resulting in better fuel efficiency and reduced emissions propel their adoption. Additionally, regulations mandating reduced vehicle weight and emissions bolster the need for air suspension systems. However, restraints include the high cost of air suspension systems and the potential complexity of maintenance and repair, which could restrict industry expansion. The need to integrate more sophisticated electronics for system monitoring and control presents an operational challenge for manufacturers and suppliers. Moreover, there are substantial opportunities for innovation, including increasing adaptation of air suspension in mid-range vehicles and advances in electronic control systems present future possibilities for expansion. The move toward electric vehicles provides an avenue for integrated air suspension solutions that contribute to an overall efficient and high-performance electric vehicle design.
Air Suspension Market - Global Forecast 2024-2030
To learn more about this report, request a free PDF copy
FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Air Suspension Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Air Suspension Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Air Suspension Market, highlighting leading vendors and their innovative profiles. These include AccuAir Suspension, Air Lift Company, Arnott LLC, BWI Group, Continental AG, Cummins Inc., DSC Nederland B.V., Firestone Industrial Products, LLC, Hendrickson Holdings, L.L.C., Hendrickson USA, L.L.C., Hitachi, Ltd., HL Mando Corp., Infinity Engineered Products, Jamna Auto Industries Limited, Link Mfg., Ltd., Magneti Marelli S.p.A., Mando Corporation, Meklas Group, SAF-HOLLAND SE, STEMCO Products Inc., Tenneco Inc., thyssenkrupp AG, Universal Air, VB-Airsuspension B.V., Vibracoustic SE, and ZF Friedrichshafen AG.

Market Segmentation & Coverage

This research report categorizes the Air Suspension Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Component
    • Air Compressor
    • Air Spring
    • Electronic Control Unit
    • Height & Pressure Sensors
    • Shock Absorber
    • Solenoid Valve
  • Technology
    • Electronically Controlled
    • Non-Electronically Controlled
  • Vehicle Type
    • Heavy Duty Vehicles
    • Light Duty Vehicles
  • End-User
    • Aftermarket
    • Original Equipment Manufacturer (OEM)

  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

The report offers valuable insights on the following aspects:

  1. Market Penetration: It presents comprehensive information on the market provided by key players.
  2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
  3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
  4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
  5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

  1. What is the market size and forecast of the Air Suspension Market?
  2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Air Suspension Market?
  3. What are the technology trends and regulatory frameworks in the Air Suspension Market?
  4. What is the market share of the leading vendors in the Air Suspension Market?
  5. Which modes and strategic moves are suitable for entering the Air Suspension Market?

Table of Contents
  1. Preface
  2. Research Methodology
  3. Executive Summary
  4. Market Overview
  5. Market Insights
  6. Air Suspension Market, by Component
  7. Air Suspension Market, by Technology
  8. Air Suspension Market, by Vehicle Type
  9. Air Suspension Market, by End-User
  10. Americas Air Suspension Market
  11. Asia-Pacific Air Suspension Market
  12. Europe, Middle East & Africa Air Suspension Market
  13. Competitive Landscape
  14. Competitive Portfolio
  15. List of Figures [Total: 24]
  16. List of Tables [Total: 376]
  17. List of Companies Mentioned [Total: 26]
The Rise of Air Suspension in Response to Rapid Urbanization and Sale of Commercial Vehicles
January 18, 2024
BLOG
The Rise of Air Suspension in Response to Rapid Urbanization and Sale of Commercial Vehicles
As urbanization continues to accelerate, so does the demand for commercial vehicles to cater to the needs of the booming city life. The road infrastructure, however, does not always keep up with the pace of urbanization, leading to numerous challenges for commercial vehicles. In response to these demands, air suspension has emerged as a popular option to address these challenges.

First and foremost, air suspension offers improved ride comfort. Vehicles equipped with air suspension systems can adjust their ride height, allowing them to maintain a steady ride height regardless of the load. This reduces the jarring impact on the vehicle's body, resulting in a much smoother ride and a higher level of passenger comfort, even when traveling on uneven surfaces.

Air suspension also helps to improve safety on the road. When carrying a heavy load, traditional suspension systems tend to shift the center of gravity of the vehicle, leading to instability. Air suspension systems, however, have a self-leveling feature, meaning that the center of gravity remains consistent regardless of the weight of the load.

Moreover, air suspension systems can reduce the operational costs of commercial vehicles. These systems enable the vehicle to self-regulate its ride height, reducing the wear and tear on its components, such as the tires, axles, and suspension. This results in a longer lifespan for these components and reduced maintenance and repair costs.

In response to the challenges posed by urbanization, air suspension systems can also provide a solution for vehicles traveling on different types of terrain. Air suspension allows vehicles to raise their ride height when traveling on off-road terrain, making it less likely to get stuck in the mud, snow, or sand. This results in greater operational flexibility and an ability to go where traditional vehicles may not be able to.

The rapid pace of urbanization and the sale of commercial vehicles have led to numerous challenges that need to be addressed. Air suspension systems provide a solution that not only enhances passenger comfort and safety but also helps to reduce operational costs. With the ability to self-regulate ride height and maintain stability, air suspension provides a much-needed solution to challenges in urbanization and the increasing demands on commercial vehicles. As such, it is clear why air suspension is rising as the preferred suspension option for commercial vehicles.

Frequently Asked Questions
  1. How big is the Air Suspension Market?
    Ans. The Global Air Suspension Market size was estimated at USD 18.14 billion in 2023 and expected to reach USD 19.15 billion in 2024.
  2. What is the Air Suspension Market growth?
    Ans. The Global Air Suspension Market to grow USD 26.85 billion by 2030, at a CAGR of 5.76%
  3. When do I get the report?
    Ans. Most reports are fulfilled immediately. In some cases, it could take up to 2 business days.
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