Global Automotive Air Suspension Market Report by Technology (Electronically Controlled Air Suspension and Non-Electronically Controlled Air Suspension), Component (Air Spring, Shock Absorber, Compressor, Electronic Control Module, Tank, Solenoid Valve, H

Global Automotive Air Suspension Market Report by Technology (Electronically Controlled Air Suspension and Non-Electronically Controlled Air Suspension), Component (Air Spring, Shock Absorber, Compressor, Electronic Control Module, Tank, Solenoid Valve, Height and Pressure Sensors, and Others), Application (Light Commercial Vehicles, Truck, and Bus), Sales Channel (Oems and Aftermarket Products), Region and Company Analysis 2024-2032

Global automotive air suspension market was US$ 6.60 Billion in 2023. Automotive Air Suspension Market is anticipated to grow at a CAGR of 6.05% from 2024 to 2032, and it will reach US$ 11.20 Billion by 2032.

Air suspension is a technology used in cars to improve driver comfort. It operates through an air pump or compressor powered by electricity or the engine. These devices connect to the suspension system, allowing air into the textile-reinforced rubber structure. Replacing traditional steel springs, air suspension finds application in heavy vehicles like buses, trucks, and rolling stock. Its primary objective is to ensure a smooth ride experience for occupants. This aspect has significantly contributed to the growth of the automotive air suspension market.

A comfortable ride benefits passenger reduces cargo damage and minimizes driver fatigue during long trips. Suspension plays a critical role in ride quality and vehicle control. Firm suspension can enhance control over body movements and improve handling. Improved driving comfort is in high demand due to ambulances needing to provide a better ride quality to stop patients from getting hurt again, which is boosting the market for automotive air suspensions.

Worldwide Merger and Acquisition in Automotive air suspension market

• Tenneco Inc. successfully acquired Öhlins Racing A.B. in January 2019. Öhlins Racing A.B. is a well-known Swedish company that specializes in creating high-performance suspension systems and parts for the automotive and motorsport industries.

• Arnott completed the purchase of JRi Shocks in November 2021. JRi Shocks is a well-known global supplier with a reputation for creating and producing air suspension solutions for passenger cars.

• The air suspension expert Air Lift Company announced in January 2021 that it has acquired the air tank producer Flo Airride Mfg.

• The deal between Isuzu Motors and the Volvo Group was completed in April 2021, with Isuzu Motors purchasing UD Trucks via the Volvo Group.

• The successful completion of Cummins Inc.'s acquisition of Meritor, Inc., a well-known worldwide supplier of drivetrain, mobility, brakes, service, and electric powertrain solutions for commercial automobiles and industrial applications, was announced in August 2022.

• Hendrickson purchased Liteflex Composite Springs, a producer of cutting-edge composite suspension springs, in July 2023.

• In January 2023, Firestone Industrial Products Company, LLC—a branch of Bridgestone Americas, Inc.—unveiled the revamped Firestone Airide brand. This one brand covers the whole product line and innovations from the company's numerous business areas, including off-highway, heavy duty-commercial, and automotive.

• The previously announced agreement for The Volvo Group to buy the battery division from Proterra Inc. and Proterra Operating Company Inc. was completed in February 2024.

China Automotive Air Suspension Market

Car air suspension will become more and more necessary in the approaching years as a result of China's expanding usage of commercial cars. Improvements in the availability of auto financing and the expansion of infrastructure are also anticipated to help the sector. China's auto industry has expanded dramatically, particularly in the premium car segment. Air suspension is a common feature of luxury passenger automobiles, including SUVs like the Mercedes-Benz S-Class, Audi A7, A8, BMW X5 and X6, and Q7, Range Rover, and Tesla Model S. Because consumers want air suspension in luxury and ultra-luxury cars, the worldwide automotive air suspension industry is expected to grow. China's growing acceptance of air suspension systems makes it a crucial motivator for market expansion. In 2023, models with air suspension, which are primarily seen in tourist buses and occasionally in municipal buses, went on sale in China for 190,000 Yuan.

Automotive Air Suspension Company Analysis

Promient players in the automobile air suspension market are Wabco Holdings Inc., Accuair Suspension, Hitachi, Ltd., ThyssenKrupp AG, AB Volvo, Continental AG, Dunlop Systems and Components Ltd., and Firestone Industrial Products Company, LLC.

Automotive Air Suspension Company News

• In February 2023, Cautex was a European aftermarket provider of automobile replacement parts, focusing on metal and rubber components. With the release of 177 new part numbers, they introduced new items for 2023. With this launch, they are expanding their product line of air suspension systems by adding a new family of 24 air suspension compressors.

• Hendrickson introduced its air and mechanical axles and suspensions for trailers to the domestic market in July 2023. Furthermore, the business purchased Liteflex Composite Springs, a cutting-edge composite suspension springs producer.

• Li Auto's flagship electric SUV, the Li L7, was upgraded in October 2023 with Tenneco's Monroe Intelligent Suspension CVSAe technology, aimed as compact families. Li's third model integrates CVSAe and modifies damping to provide the best possible handling. Li Magic Carpet air suspension with CVSAe-controlled air springs is available on the Pro and Max versions of the Li L7. It has five adjustable ride heights with Comfort, Standard, or Sport settings. Tenneco offers minimal power usage and adaptability to Li's L9 and L8 SUVs as well as over 16 OE brands worldwide.

• Air suspension dampers, coolant thermostats, and compressors are the three new items that Continental added to their inventory of auto spare parts in September 2021. These improvements fulfill the increased demand for premium components in the aftermarket industry and bolster the automotive supplier's aftermarket product line.

Technology – Global Automotive Air Suspension Market breakup in 2 viewpoints:

1. Electronically Controlled Air Suspension
2. Non-Electronically Controlled Air Suspension

Component – Global Automotive Air Suspension Market breakup in 8 viewpoints:

1. Air Spring
2. Shock Absorber
3. Compressor
4. Electronic Control Module
5. Tank
6. Solenoid Valve
7. Height and Pressure Sensors
8. Others

Application – Global Automotive Air Suspension Market breakup in 3 viewpoints:

1. Light Commercial Vehicles
2. Truck
3. Bus

Sales Channel – Global Automotive Air Suspension Market breakup in 2 viewpoints:

1. Oems
2. Aftermarket Products

Country – Global Automotive Air Suspension Market breakup of 25 Countries:

1. North America

1.1 United States
1.2 Canada

2. Europe

2.1 France
2.2 Germany
2.3 Italy
2.4 Spain
2.5 United Kingdom
2.6 Belgium
2.7 Netherlands
2.8 Turkey

3. Asia Pacific

3.1 China
3.2 Japan
3.3 India
3.4 South Korea
3.5 Thailand
3.6 Malaysia
3.7 Indonesia
3.8 Australia
3.9 New Zealand

4. Latin America

4.1 Brazil
4.2 Mexico
4.3 Argentina

5. Middle East & Africa

5.1 South Africa
5.2 Saudi Arabia
5.3 UAE

All the Key players have been covered from 3 Viewpoints:

• Overview
• Recent Developments
• Revenue Analysis

Company Analysis:

1. Hitachi, Ltd.
2. AB Volvo
3. Continental AG
4. ThyssenKrupp AG
5. Wabco Holdings Inc.
6. Dunlop Systems and Components Ltd.
7. Accuair Suspension
8. Firestone Industrial Products Company, LLC