Automotive Air Suspension System Market Research Report Information By Technology (manual air suspension, and electronic air suspension), By Component (shock absorber, air spring, air compressor, air reservoir, height sensor, electronic control unit, and

Automotive Air Suspension System Market Research Report Information By Technology (manual air suspension, and electronic air suspension), By Component (shock absorber, air spring, air compressor, air reservoir, height sensor, electronic control unit, and others), By Vehicle Type (passenger cars, light commercial vehicles, and heavy commercial vehicles), Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America) – Global Forecast till 2036

The size of the automotive air suspension system market was estimated to be USD 18.51 billion in 2023. A compound annual growth rate (CAGR) of 4.28% is expected for the Global Automotive Air Suspension System market over the next few years.

The Automotive Air Suspension System Market is steadily expanding because business vehicles and high-end luxury cars are becoming more popular around the world. These types of cars often use air suspension systems. Key players in the market are also getting better at research and development, which is expected to keep the region's market going over the next year. In the past few years, there has been a rise in the demand for commercial cars. As per the Organization Internationale des Constructeurs d'Automobiles (OICA), the number of commercial cars sold rose from 21.7 units in 2020 to 23.1 million units in 2021. Sales are up because more money is being spent on infrastructure, more people are shopping online, and more goods are being imported and exported.

Lighter vehicles are becoming more popular, which helps OEMs cut down on CO2 pollution and make cars use less gas. To reach the goal of lowering the amount of fuel used by cars that have air consumption systems installed. The light-duty vehicle (LCV)'s chassis and suspension system make up 22% to 27% of its weight. The LCV's steering, suspension, brakes, wheels, and tires are also part of the chassis. Most conventional suspension systems are heavy, which makes the car heavier and increases the amount of fuel it uses. Because of this, suspension makers are looking for the right mix of materials to make parts and the chassis lighter without affecting their performance. By using an air-ride suspension system, Kenworth Truck Company was able to cut the weight of the suspension system by about 400 pounds. SAF Holland S.E. has made the CBX23 AeroBeam fixed frame air suspension, which is both strong and light to improve the performance of a big truck.

Market Segment Insights:

The Automotive Air Suspension System market is divided into two groups based on technology: electric air suspension and manual air suspension.

The section is split into shock absorber, air spring, air compressor, air reservoir, height sensor, electronic control unit, and other parts.

The section is split into three groups based on the type of vehicle: passenger cars, light commercial vehicles, and heavy commercial vehicles.

Regional Analysis

The Asia-Pacific region brought in the most money in 2022 and is expected to keep leading over the next few years thanks to the huge growth of the car industry in places like China, India, and Japan. In recent years, many automakers have been working to grow their businesses and sales to strengthen their place in the market.

In the next few years, North America will grow. Several big automakers have set up shop in the area because the infrastructure is growing, and the government supports electric cars. The region has a higher rate of adopting technologically advanced systems, which leads to electronics-controlled air suspension. Some passenger car models with electronics-controlled systems are the Mercedes S-Class, the Audi A8, the Porsche Cayenne, the Volkswagen Touareg, and the Land Rover Discovery. The industry will move forward thanks to more government spending on infrastructure, more people wanting to buy expensive cars in Europe, and more people needing to replace old cars. Also, the growing acceptance of electric air suspension is expected to keep demand high in Europe. The International Trade Administration says that Saudi Arabia is the biggest market in the Middle East and Africa for cars, with a growth rate of 36%. In South America, the main things that are making more people want to buy passenger cars are lower interest rates and higher consumer trust.

Key Players

The major players in the market include Continental AG, Hitachi, Ltd., Tuopu Group, Vibracoustic, Shanghai Baolong Automotive Corporation, Thyssenkrupp AG, ZF Friedrichshafen AG, KYB Corporation, Tenneco Inc., Firestone Airide , Linyi Tianyi Shock Absorber Co., Ltd., Qingdao ATC Auto Parts Co., Ltd., Guangzhou GUOMAT Auto Parts Co., Ltd., Qingdao Manwo Vibration Technology Co., Ltd., Hendrickson USA, L.L.C., HL Mando Corp., BWI Group, SAF-HOLLAND SE, AccuAir Suspension, Ride Control, LLC, Lynx Auto, Aptiv, Arnott, Westar, Dorman Products, Inc., Foshan Shunde HongGu Auto Parts Co., Ltd., Jiangxi Yuancheng Automobile Technology Co., Ltd., Ningbo Alita Pneumatic Technology Co., Ltd., Meritor, Inc., and Dunlop Systems and Components Ltd.