Global Air Suspension Air Spring Market Growth 2024-2030

Global Air Suspension Air Spring Market Growth 2024-2030

The air spring is one of the core components of the air suspension system. It is a device that uses the compression and expansion of gas to provide elastic support. Air springs are usually composed of one or more sealed air bags filled with compressed gas (usually nitrogen). When the vehicle is subjected to external loads, the gas in the air bag will be compressed, thereby generating a reaction force to provide the necessary support and shock absorption effect for the vehicle. By adjusting the air pressure in the air bag, the stiffness and height of the air spring can be changed, thereby achieving the adjustment of the vehicle body height and the optimization of suspension performance.

The global Air Suspension Air Spring market size is projected to grow from US$ 2656 million in 2024 to US$ 3932 million in 2030; it is expected to grow at a CAGR of 6.8% from 2024 to 2030.

LP Information, Inc. (LPI) ' newest research report, the “Air Suspension Air Spring Industry Forecast” looks at past sales and reviews total world Air Suspension Air Spring sales in 2023, providing a comprehensive analysis by region and market sector of projected Air Suspension Air Spring sales for 2024 through 2030. With Air Suspension Air Spring sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Air Suspension Air Spring industry.

This Insight Report provides a comprehensive analysis of the global Air Suspension Air Spring landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Air Suspension Air Spring portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Air Suspension Air Spring market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Air Suspension Air Spring and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Air Suspension Air Spring.

The market is constantly changing, and the following points are worth paying attention to:

With the rapid development of smart electric vehicles, air suspension has gradually become the mainstream configuration of high-end new energy vehicle platforms.

The rapid development of the new energy vehicle market has prompted air suspension to penetrate from the high-end market to the mid-end market.

In 2023, China's air suspension market power can be described as a strong rise. Chinese manufacturers occupy nearly 70% of the global market share, and future development deserves special attention.

With the increase in the number of vehicles, the scale effect is formed, and the technology is further improved, the price of air suspension has shown a downward trend.

In 2020, the construction of Continental's electronic suspension system in Changshu, China began, and it will be put into operation in 2021. In August 2022, the second phase expansion project will be launched. Continental's first phase project in Changshu, China produces and assembles air suspension modules and air supply systems, while the second phase project will add an annual output of 600,000 air springs and 100,000 air supply systems, and introduce production lines for key components such as airbags to comprehensively improve the overall production system of air springs. The second phase project is expected to be put into use in 2024.

Vibracoustic established a new plant in Chongqing, China in July 2023 with a total investment of 170 million euros. The new plant focuses on the production of comprehensive NVH products, including engine mounts, chassis bushings, isolators and dampers. In addition, Vibracoustic started air spring production at its Wuxi plant in China, which is the first time Vibracoustic has produced air springs in China.

This report presents a comprehensive overview, market shares, and growth opportunities of Air Suspension Air Spring market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Single Cavity
Multiple Cavity

Segmentation by Application:
New Energy Vehicle
Fuel Vehicle

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Continental
Vibracoustic
ZF
Firestone
Hendrickson
AMK (Zhongding Group)
BILSTEIN
Shanghai Baolong
Ningbo Tuopu
Tianrun
KH Automotive Technologies
CRRC Qingdao Sifang

Key Questions Addressed in this Report

What is the 10-year outlook for the global Air Suspension Air Spring market?

What factors are driving Air Suspension Air Spring market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Air Suspension Air Spring market opportunities vary by end market size?

How does Air Suspension Air Spring break out by Type, by Application?



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