Product Code: PM3400
The global air suspension market size is expected to reach USD 11.96 billion by 2032, according to a new study by Polaris Market Research. The report "Air Suspension Market Share, Size, Trends, Industry Analysis Report, By Vehicle Type (Light Commercial Vehicle, Trucks, Bus, and Others); By Component; By Technology; By Region; Segment Forecast, 2023 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The increasing need and prevalence for comfort and safety mainly for long-distance travelling by the general public coupled with the rising investments by major automotive companies for providing smooth and travelling experiences to their customers are major prominent factors expected to fuel the growth of the market. Furthermore, the rapid development of autonomous vehicle technology and high focus of key players on the transformation of automotive industry through the introduction of latest and advanced technology is likely to create lucrative growth opportunities for the market.
For instance, in September 2022, Global Air Cylinder Wheels announced its plan to launch a developed commercially-ready air suspension wheel for mining, that is an eco-friendly, safer, and stronger traditional rubber tire alternative. It includes features like no overheating, less waste, lower rolling resistance, and a longer lifetime.
With the rapid advancements in technology, air suspension systems are now able to be easily integrated with ADAS technology to provide enhanced features such as automatic leveling, lane-keeping assistance, and adaptive cruise control. In recent years, electronic control systems are constantly becoming more common in these systems, as it allows more precise control over the ride height, damping, and other variables, which is resulting in high traction worldwide.
Moreover, the extensively growing penetration and increasing introduction to several other enhanced safety features that are being integrated with suspension systems such as the adaptive cruise control and land departure warning systems, boost the overall safety of vehicles by offering a stable and smooth ride to passengers.
Air Suspension Market Report Highlights
Light commercial vehicle segment accounted for highest market share in 2022, on account of increasing penetration and prevalence for better comfort and improved safety among consumers
Air spring segment is projected to hold a significant market share over the forecast period, mainly due to its widespread adoption across commercial vehicles to improve its fuel efficiency and reduce maintenance costs
Electronic controlled segment held the largest market share in 2022, which is mainly driven by its growing demand and integration among luxury vehicles with innovative technologies
Asia Pacific region dominated the global market with maximum share in 2022, owing to growing sales of vehicles sales and rising government initiatives towards the development of advanced systems
The global key market players include: Mando Corporation, Hitachi Ltd., Continental, Parker Hannifin Corporation, Firestone Industrial, & Jamna Auto Industries
Polaris Market Research has segmented the air suspension market report based on vehicle type, component, technology, and region:
Air Suspension, Vehicle Type Outlook (Revenue - USD Billion, 2019 - 2032)
- Light Commercial Vehicle
- Trucks
- Bus
- Others
Air Suspension, Component Outlook (Revenue - USD Billion, 2019 - 2032)
- Air Spring
- Tank
- Solenoid Valve
- Shock Absorber
- Air Compressor
- Electronic Control Unit
- Height & Pressure Sensor
- Others
Air Suspension, Technology Outlook (Revenue - USD Billion, 2019 - 2032)
- Electronic Controlled
- Non-Electronic Controlled
Air Suspension, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Air Suspension Market Insights
- 4.1. Air Suspension Market - Technology Snapshot
- 4.2. Air Suspension Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Rising Global Commercial Vehicle Sales
- 4.2.1.2. Increasing Demand for Premium and Luxury Vehicles
- 4.2.2. Restraints and Challenges
- 4.2.2.1. High Development and Adoption Cost of Air Suspension
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTEL Analysis
- 4.5. Air Suspension Market Technology Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Air Suspension Market, by Vehicle Type
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Air Suspension Market, by Vehicle Type, 2019-2032 (USD Billion)
- 5.3. Light Commercial Vehicle
- 5.3.1. Global Air Suspension Market, by Light Commercial Vehicle, by Region, 2019-2032 (USD Billion)
- 5.4. Trucks
- 5.4.1. Global Air Suspension Market, by Trucks, by Region, 2019-2032 (USD Billion)
- 5.5. Bus
- 5.5.1. Global Air Suspension Market, by Bus, by Region, 2019-2032 (USD Billion)
- 5.6. Others
- 5.6.1. Global Air Suspension Market, by Others, by Region, 2019-2032 (USD Billion)
6. Global Air Suspension Market, by Component
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Air Suspension Market, by Component, 2019-2032 (USD Billion)
- 6.3. Air Spring
- 6.3.1. Global Air Suspension Market, by Air Spring, by Region, 2019-2032 (USD Billion)
- 6.4. Tank
- 6.4.1. Global Air Suspension Market, by Tank, by Region, 2019-2032 (USD Billion)
- 6.5. Solenoid Valve
- 6.5.1. Global Air Suspension Market, by Solenoid Valve, by Region, 2019-2032 (USD Billion)
- 6.6. Shock Absorber
- 6.6.1. Global Air Suspension Market, by Shock Absorber, by Region, 2019-2032 (USD Billion)
- 6.7. Air Compressor
- 6.7.1. Global Air Suspension Market, by Air Compressor, by Region, 2019-2032 (USD Billion)
- 6.8. Electronic Control Unit
- 6.8.1. Global Air Suspension Market, by Electronic Control Unit, by Region, 2019-2032 (USD Billion)
- 6.9. Height & Pressure Sensor
- 6.9.1. Global Air Suspension Market, by Height & Pressure Sensor, by Region, 2019-2032 (USD Billion)
- 6.10. Others
- 6.10.1. Global Air Suspension Market, by Others, by Region, 2019-2032 (USD Billion)
7. Global Air Suspension Market, by Technology
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Air Suspension Market, by Technology, 2019-2032 (USD Billion)
- 7.3. Electronic Controlled
- 7.3.1. Global Air Suspension Market, by Electronic Controlled, By Region, 2019-2032 (USD Billion)
- 7.4. Non-Electronic Controlled
- 7.4.1. Global Air Suspension Market, by Non-Electronic Controlled, By Region, 2019-2032 (USD Billion)
8. Global Air Suspension Market, by Geography
- 8.1. Key findings
- 8.2. Introduction
- 8.2.1. Air Suspension Market Assessment, By Geography, 2019-2032 (USD Billion)
- 8.3. Air Suspension Market - North America
- 8.3.1. North America: Air Suspension Market, by Vehicle Type, 2019-2032 (USD Billion)
- 8.3.2. North America: Air Suspension Market, by Technology, 2019-2032 (USD Billion)
- 8.3.3. North America: Air Suspension Market, by Component, 2019-2032 (USD Billion)
- 8.3.4. Air Suspension Market - U.S.
- 8.3.4.1. U.S.: Air Suspension Market, by Vehicle Type, 2019-2032 (USD Billion)
- 8.3.4.2. U.S.: Air Suspension Market, by Technology, 2019-2032 (USD Billion)
- 8.3.4.3. U.S.: Air Suspension Market, by Component, 2019-2032 (USD Billion)
- 8.3.5. Air Suspension Market - Canada
- 8.3.5.1. Canada: Air Suspension Market, by Vehicle Type, 2019-2032 (USD Billion)
- 8.3.5.2. Canada.: Air Suspension Market, by Technology, 2019-2032 (USD Billion)
- 8.3.5.3. Canada: Air Suspension Market, by Component, 2019-2032 (USD Billion)
- 8.4. Air Suspension Market - Europe
- 8.4.1. Europe: Air Suspension Market, by Vehicle Type, 2019-2032 (USD Billion)
- 8.4.2. Europe.: Air Suspension Market, by Technology, 2019-2032 (USD Billion)
- 8.4.3. Europe: Air Suspension Market, by Component, 2019-2032 (USD Billion)
- 8.4.4. Air Suspension Market - UK
- 8.4.4.1. UK: Air Suspension Market, by Vehicle Type, 2019-2032 (USD Billion)
- 8.4.4.2. UK.: Air Suspension Market, by Technology, 2019-2032 (USD Billion)
- 8.4.4.3. UK: Air Suspension Market, by Component, 2019-2032 (USD Billion)
- 8.4.5. Air Suspension Market - France
- 8.4.5.1. France: Air Suspension Market, by Vehicle Type, 2019-2032 (USD Billion)
- 8.4.5.2. France.: Air Suspension Market, by Technology, 2019-2032 (USD Billion)
- 8.4.5.3. France: Air Suspension Market, by Component, 2019-2032 (USD Billion)
- 8.4.6. Air Suspension Market - Germany
- 8.4.6.1. Germany: Air Suspension Market, by Vehicle Type, 2019-2032 (USD Billion)
- 8.4.6.2. Germany.: Air Suspension Market, by Technology, 2019-2032 (USD Billion)
- 8.4.6.3. Germany: Air Suspension Market, by Component, 2019-2032 (USD Billion)
- 8.4.7. Air Suspension Market - Italy
- 8.4.7.1. Italy: Air Suspension Market, by Vehicle Type, 2019-2032 (USD Billion)
- 8.4.7.2. Italy.: Air Suspension Market, by Technology, 2019-2032 (USD Billion)
- 8.4.7.3. Italy: Air Suspension Market, by Component, 2019-2032 (USD Billion)
- 8.4.8. Air Suspension Market - Spain
- 8.4.8.1. Spain: Air Suspension Market, by Vehicle Type, 2019-2032 (USD Billion)
- 8.4.8.2. Spain.: Air Suspension Market, by Technology, 2019-2032 (USD Billion)
- 8.4.8.3. Spain: Air Suspension Market, by Component, 2019-2032 (USD Billion)
- 8.4.9. Air Suspension Market - Netherlands
- 8.4.9.1. Netherlands: Air Suspension Market, by Vehicle Type, 2019-2032 (USD Billion)
- 8.4.9.2. Netherlands.: Air Suspension Market, by Technology, 2019-2032 (USD Billion)
- 8.4.9.3. Netherlands: Air Suspension Market, by Component, 2019-2032 (USD Billion)
- 8.4.10. Air Suspension Market - Russia
- 8.4.10.1. Russia: Air Suspension Market, by Vehicle Type, 2019-2032 (USD Billion)
- 8.4.10.2. Russia.: Air Suspension Market, by Technology, 2019-2032 (USD Billion)
- 8.4.10.3. Russia: Air Suspension Market, by Component, 2019-2032 (USD Billion)
- 8.5. Air Suspension Market - Asia Pacific
- 8.5.1. Asia Pacific: Air Suspension Market, by Vehicle Type, 2019-2032 (USD Billion)
- 8.5.2. Asia Pacific.: Air Suspension Market, by Technology, 2019-2032 (USD Billion)
- 8.5.3. Asia Pacific: Air Suspension Market, by Component, 2019-2032 (USD Billion)
- 8.5.4. Air Suspension Market - China
- 8.5.4.1. China: Air Suspension Market, by Vehicle Type, 2019-2032 (USD Billion)
- 8.5.4.2. China.: Air Suspension Market, by Technology, 2019-2032 (USD Billion)
- 8.5.4.3. China: Air Suspension Market, by Component, 2019-2032 (USD Billion)
- 8.5.5. Air Suspension Market - India
- 8.5.5.1. India: Air Suspension Market, by Vehicle Type, 2019-2032 (USD Billion)
- 8.5.5.2. India.: Air Suspension Market, by Technology, 2019-2032 (USD Billion)
- 8.5.5.3. India: Air Suspension Market, by Component, 2019-2032 (USD Billion)
- 8.5.6. Air Suspension Market - Malaysia
- 8.5.6.1. Malaysia: Air Suspension Market, by Vehicle Type, 2019-2032 (USD Billion)
- 8.5.6.2. Malaysia.: Air Suspension Market, by Technology, 2019-2032 (USD Billion)
- 8.5.6.3. Malaysia: Air Suspension Market, by Component, 2019-2032 (USD Billion)
- 8.5.7. Air Suspension Market - Japan
- 8.5.7.1. Japan: Air Suspension Market, by Vehicle Type, 2019-2032 (USD Billion)
- 8.5.7.2. Japan.: Air Suspension Market, by Technology, 2019-2032 (USD Billion)
- 8.5.7.3. Japan: Air Suspension Market, by Component, 2019-2032 (USD Billion)
- 8.5.8. Air Suspension Market - Indonesia
- 8.5.8.1. Indonesia: Air Suspension Market, by Vehicle Type, 2019-2032 (USD Billion)
- 8.5.8.2. Indonesia.: Air Suspension Market, by Technology, 2019-2032 (USD Billion)
- 8.5.8.3. Indonesia: Air Suspension Market, by Component, 2019-2032 (USD Billion)
- 8.5.9. Air Suspension Market - South Korea
- 8.5.9.1. South Korea: Air Suspension Market, by Vehicle Type, 2019-2032 (USD Billion)
- 8.5.9.2. South Korea.: Air Suspension Market, by Technology, 2019-2032 (USD Billion)
- 8.5.9.3. South Korea: Air Suspension Market, by Component, 2019-2032 (USD Billion)
- 8.6. Air Suspension Market - Middle East & Africa
- 8.6.1. Middle East & Africa: Air Suspension Market, by Vehicle Type, 2019-2032 (USD Billion)
- 8.6.2. Middle East & Africa.: Air Suspension Market, by Technology, 2019-2032 (USD Billion)
- 8.6.3. Middle East & Africa: Air Suspension Market, by Component, 2019-2032 (USD Billion)
- 8.6.4. Air Suspension Market - Saudi Arabia
- 8.6.4.1. Saudi Arabia: Air Suspension Market, by Vehicle Type, 2019-2032 (USD Billion)
- 8.6.4.2. Saudi Arabia.: Air Suspension Market, by Technology, 2019-2032 (USD Billion)
- 8.6.4.3. Saudi Arabia: Air Suspension Market, by Component, 2019-2032 (USD Billion)
- 8.6.5. Air Suspension Market - UAE
- 8.6.5.1. UAE: Air Suspension Market, by Vehicle Type, 2019-2032 (USD Billion)
- 8.6.5.2. UAE.: Air Suspension Market, by Technology, 2019-2032 (USD Billion)
- 8.6.5.3. UAE: Air Suspension Market, by Component, 2019-2032 (USD Billion)
- 8.6.6. Air Suspension Market - Israel
- 8.6.6.1. Israel: Air Suspension Market, by Vehicle Type, 2019-2032 (USD Billion)
- 8.6.6.2. Israel.: Air Suspension Market, by Technology, 2019-2032 (USD Billion)
- 8.6.6.3. Israel: Air Suspension Market, by Component, 2019-2032 (USD Billion)
- 8.6.7. Air Suspension Market - South Africa
- 8.6.7.1. South Africa: Air Suspension Market, by Vehicle Type, 2019-2032 (USD Billion)
- 8.6.7.2. South Africa.: Air Suspension Market, by Technology, 2019-2032 (USD Billion)
- 8.6.7.3. South Africa: Air Suspension Market, by Component, 2019-2032 (USD Billion)
- 8.7. Air Suspension Market - Latin America
- 8.7.1. Latin America: Air Suspension Market, by Vehicle Type, 2019-2032 (USD Billion)
- 8.7.2. Latin America.: Air Suspension Market, by Technology, 2019-2032 (USD Billion)
- 8.7.3. Latin America: Air Suspension Market, by Component, 2019-2032 (USD Billion)
- 8.7.4. Air Suspension Market - Mexico
- 8.7.4.1. Mexico: Air Suspension Market, by Vehicle Type, 2019-2032 (USD Billion)
- 8.7.4.2. Mexico.: Air Suspension Market, by Technology, 2019-2032 (USD Billion)
- 8.7.4.3. Mexico: Air Suspension Market, by Component, 2019-2032 (USD Billion)
- 8.7.5. Air Suspension Market - Brazil
- 8.7.5.1. Brazil: Air Suspension Market, by Vehicle Type, 2019-2032 (USD Billion)
- 8.7.5.2. Brazil.: Air Suspension Market, by Technology, 2019-2032 (USD Billion)
- 8.7.5.3. Brazil: Air Suspension Market, by Component, 2019-2032 (USD Billion)
- 8.7.6. Air Suspension Market - Argentina
- 8.7.6.1. Argentina: Air Suspension Market, by Vehicle Type, 2019-2032 (USD Billion)
- 8.7.6.2. Argentina.: Air Suspension Market, by Technology, 2019-2032 (USD Billion)
- 8.7.6.3. Argentina: Air Suspension Market, by Component, 2019-2032 (USD Billion)
9. Competitive Landscape
- 9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
- 9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
- 10.1. Firestone Industrial
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
- 10.2. Mando Corporation
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
- 10.3. AccuAir Suspension
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
- 10.4. BWI Group
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
- 10.5. Hitachi
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
- 10.6. Continental
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
- 10.7. WABCO
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development
- 10.8. Hendrickson
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Recent Development
- 10.9. SAF Holland
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Recent Development
- 10.10. Parker Hannifin
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Benchmarking
- 10.10.4. Recent Development
- 10.11. Jamna Auto Industries
- 10.11.1. Company Overview
- 10.11.2. Financial Performance
- 10.11.3. Product Benchmarking
- 10.11.4. Recent Development
- 10.12. Air Lift Company
- 10.12.1. Company Overview
- 10.12.2. Financial Performance
- 10.12.3. Product Benchmarking
- 10.12.4. Recent Development
- 10.13. Vibracoustic
- 10.13.1. Company Overview
- 10.13.2. Financial Performance
- 10.13.3. Product Benchmarking
- 10.13.4. Recent Development
- 10.14. AB Volvo
- 10.14.1. Company Overview
- 10.14.2. Financial Performance
- 10.14.3. Product Benchmarking
- 10.14.4. Recent Development
- 10.15. S.J. Sportscars
- 10.15.1. Company Overview
- 10.15.2. Financial Performance
- 10.15.3. Product Benchmarking
- 10.15.4. Recent Development
- 10.16. ThyssenKrupp
- 10.16.1. Company Overview
- 10.16.2. Financial Performance
- 10.16.3. Product Benchmarking
- 10.16.4. Recent Development
- 10.17. Dunlop Suspension
- 10.17.1. Company Overview
- 10.17.2. Financial Performance
- 10.17.3. Product Benchmarking
- 10.17.4. Recent Development
- 10.18. Arnott Inc
- 10.18.1. Company Overview
- 10.18.2. Financial Performance
- 10.18.3. Product Benchmarking
- 10.18.4. Recent Development