Global Air Suspension Market Size study & Forecast, by Vehicle Type, by Component, by Technology, by Sales Channel and Regional Analysis, 2023-2030

Description

List of Tables

Air suspension is a type of vehicle suspension system that uses compressed air as a springing medium to support the weight of the vehicle and absorb road shocks and vibrations. Instead of traditional steel coil or leaf springs, air suspension relies on airbags or air springs to provide a more adjustable and comfortable ride. The air pressure inside these airbags can be adjusted, allowing for varying levels of stiffness or softness in the suspension. The key factors driving the market growth are rising global commercial vehicle sales, increasing demand for premium and luxury vehicles, and growing vehicle customization and personalization trends that anticipated to support the market growth during the forecast period 2023-2030.

Moreover, the growing demand for commercial vehicles is creating a significant impact on the Air Suspension Market. With the rise in commercial vehicle production and usage, there is a growing emphasis on improving their overall performance, safety, and comfort. The Air suspension offers several advantages over conventional steel spring suspensions, such as enhanced ride quality, better load-carrying capacity, and improved stability and control, especially for larger and heavier vehicles. According to Statista, in 2014 the sales of commercial vehicle in China were 3.79 million units and in 2021 the number reached 4.79 million units. Also, according to the same source, in Canada 1.12 million commercial vehicles were sold in 2014 and in 2021 the number reached 1.38 million. As a result, rising sales of commercial vehicle is anticipated to create a lucrative demand for the market. Additionally, increasing demand for lightweight air suspension systems and rising aftermarket demand for air suspension & related components are anticipated to create lucrative opportunities for the market during the forecast period 2023-2030. However, the high development and adoption cost of air suspension stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Air Suspension Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the increasing demand for luxury vehicles, the growing commercial vehicle market, increased focus on safety, and rising interest in customization. Whereas, the Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as the growing automotive industry, rising demand for luxury and premium vehicles, growing focus on ride comfort and safety, and increased adoption in commercial vehicles.

Major market player included in this report are:

Saf-Holland S.A.
Continental Ag.
Thyssenkrupp Ag
Bwi Group
Hendrickson USA L.L.C.
Hitachi Ltd.
Accuair Suspension
Wabco
Firestone Industrial Products (Subsidairy Of Bridgestone)
Mando Corporation

Recent Developments in the Market:

In May 2021, Firestone announced plans to expand its Williamsburg, Kentucky Firestone Industrial Products Plant to meet the rising demand for innovative air suspension technology in electric vehicles.

Global Air Suspension Market Report Scope:

Historical Data: 2020 - 2021
Base Year for Estimation: 2022
Forecast period: 2023-2030
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Vehicle Type, Component, Technology, Sales Channel, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Vehicle Type:

Light Commercial Vehicle (LCV)
Trucks
Bus

By Component:

Air Spring
Tank
Solenoid Valve
Shock Absorber
Air Compressor
Electronic Control Unit (ECU)
Height & Pressure Sensor
Others

By Technology:

Electronic Controlled
Non-Electronic Controlled

By Sales Channel:

Original Equipment Manufacturers (OEMs)
Aftermarket

By Region:

North America

U.S.
Canada

Europe

UK
Germany
France
Spain
Italy
ROE

Asia Pacific

China
India
Japan
Australia
South Korea
RoAPAC

Latin America

Brazil
Mexico

Middle East & Africa

Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Air Suspension Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Air Suspension Market, by Vehicle Type, 2020-2030 (USD Billion)
- 1.2.3. Air Suspension Market, by Component, 2020-2030 (USD Billion)
- 1.2.4. Air Suspension Market, by Technology, 2020-2030 (USD Billion)
- 1.2.5. Air Suspension Market, by Sales Channel, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Air Suspension Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Air Suspension Market Dynamics

3.1. Air Suspension Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
  - 3.1.1.1. Rising global commercial vehicle sales
  - 3.1.1.2. Increasing demand for premium and luxury vehicles
  - 3.1.1.3. Growing vehicle customization and personalization trends
- 3.1.2. Market Challenges
  - 3.1.2.1. High development and adoption cost of air suspension
- 3.1.3. Market Opportunities
  - 3.1.3.1. Increasing demand for lightweight air suspension system
  - 3.1.3.2. Rising aftermarket demand for air suspension & related components

Chapter 4. Global Air Suspension Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Impact Analysis
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

Chapter 5. Global Air Suspension Market, by Vehicle Type

5.1. Market Snapshot
5.2. Global Air Suspension Market by Vehicle Type, Performance - Potential Analysis
5.3. Global Air Suspension Market Estimates & Forecasts by Vehicle Type 2020-2030 (USD Billion)
5.4. Air Suspension Market, Sub Segment Analysis
- 5.4.1. Light Commercial Vehicle (LCV)
- 5.4.2. Trucks
- 5.4.3. Bus

Chapter 6. Global Air Suspension Market, by Component

6.1. Market Snapshot
6.2. Global Air Suspension Market by Component, Performance - Potential Analysis
6.3. Global Air Suspension Market Estimates & Forecasts by Component 2020-2030 (USD Billion)
6.4. Air Suspension Market, Sub Segment Analysis
- 6.4.1. Air Spring
- 6.4.2. Tank
- 6.4.3. Solenoid Valve
- 6.4.4. Shock Absorber
- 6.4.5. Air Compressor
- 6.4.6. Electronic Control Unit (ECU)
- 6.4.7. Height & Pressure Sensor
- 6.4.8. Others

Chapter 7. Global Air Suspension Market, by Technology

7.1. Market Snapshot
7.2. Global Air Suspension Market by Technology, Performance - Potential Analysis
7.3. Global Air Suspension Market Estimates & Forecasts by Technology 2020-2030 (USD Billion)
7.4. Air Suspension Market, Sub Segment Analysis
- 7.4.1. Electronic Controlled
- 7.4.2. Non-Electronic Controlled

Chapter 8. Global Air Suspension Market, by Sales Channel

8.1. Market Snapshot
8.2. Global Air Suspension Market by Sales Channel, Performance - Potential Analysis
8.3. Global Air Suspension Market Estimates & Forecasts by Sales Channel 2020-2030 (USD Billion)
8.4. Air Suspension Market, Sub Segment Analysis
- 8.4.1. Original Equipment Manufacturers (OEMs)
- 8.4.2. Aftermarket

Chapter 9. Global Air Suspension Market, Regional Analysis

9.1. Top Leading Countries
9.2. Top Emerging Countries
9.3. Air Suspension Market, Regional Market Snapshot
9.4. North America Air Suspension Market
- 9.4.1. U.S. Air Suspension Market
  - 9.4.1.1. Vehicle Type breakdown estimates & forecasts, 2020-2030
  - 9.4.1.2. Component breakdown estimates & forecasts, 2020-2030
  - 9.4.1.3. Technology breakdown estimates & forecasts, 2020-2030
  - 9.4.1.4. Sales Channel breakdown estimates & forecasts, 2020-2030
- 9.4.2. Canada Air Suspension Market
9.5. Europe Air Suspension Market Snapshot
- 9.5.1. U.K. Air Suspension Market
- 9.5.2. Germany Air Suspension Market
- 9.5.3. France Air Suspension Market
- 9.5.4. Spain Air Suspension Market
- 9.5.5. Italy Air Suspension Market
- 9.5.6. Rest of Europe Air Suspension Market
9.6. Asia-Pacific Air Suspension Market Snapshot
- 9.6.1. China Air Suspension Market
- 9.6.2. India Air Suspension Market
- 9.6.3. Japan Air Suspension Market
- 9.6.4. Australia Air Suspension Market
- 9.6.5. South Korea Air Suspension Market
- 9.6.6. Rest of Asia Pacific Air Suspension Market
9.7. Latin America Air Suspension Market Snapshot
- 9.7.1. Brazil Air Suspension Market
- 9.7.2. Mexico Air Suspension Market
9.8. Middle East & Africa Air Suspension Market
- 9.8.1. Saudi Arabia Air Suspension Market
- 9.8.2. South Africa Air Suspension Market
- 9.8.3. Rest of Middle East & Africa Air Suspension Market

Chapter 10. Competitive Intelligence

10.1. Key Company SWOT Analysis
- 10.1.1. Company 1
- 10.1.2. Company 2
- 10.1.3. Company 3
10.2. Top Market Strategies
10.3. Company Profiles
- 10.3.1. Saf-Holland S.A.
  - 10.3.1.1. Key Information
  - 10.3.1.2. Overview
  - 10.3.1.3. Financial (Subject to Data Availability)
  - 10.3.1.4. Product Summary
  - 10.3.1.5. Recent Developments
- 10.3.2. Continental Ag.
- 10.3.3. Thyssenkrupp Ag
- 10.3.4. Bwi Group
- 10.3.5. Hendrickson USA L.L.C.
- 10.3.6. Hitachi Ltd.
- 10.3.7. Accuair Suspension
- 10.3.8. Wabco
- 10.3.9. Firestone Industrial Products (Subsidairy of Bridgestone)
- 10.3.10. Mando Corporation

Chapter 11. Research Process

11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Air Suspension Market, report scope
TABLE 2. Global Air Suspension Market estimates & forecasts by region 2020-2030 (USD Billion)
TABLE 3. Global Air Suspension Market estimates & forecasts by Vehicle Type 2020-2030 (USD Billion)
TABLE 4. Global Air Suspension Market estimates & forecasts by Component 2020-2030 (USD Billion)
TABLE 5. Global Air Suspension Market estimates & forecasts by Technology 2020-2030 (USD Billion)
TABLE 6. Global Air Suspension Market estimates & forecasts by Sales Channel 2020-2030 (USD Billion)
TABLE 7. Global Air Suspension Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Air Suspension Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Air Suspension Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Air Suspension Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Air Suspension Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Air Suspension Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Air Suspension Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Air Suspension Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. Global Air Suspension Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. Global Air Suspension Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17. U.S. Air Suspension Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 18. U.S. Air Suspension Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 19. U.S. Air Suspension Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 20. Canada Air Suspension Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 21. Canada Air Suspension Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22. Canada Air Suspension Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 23. UK Air Suspension Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 24. UK Air Suspension Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25. UK Air Suspension Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 26. Germany Air Suspension Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 27. Germany Air Suspension Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28. Germany Air Suspension Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 29. France Air Suspension Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 30. France Air Suspension Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31. France Air Suspension Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 32. Italy Air Suspension Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 33. Italy Air Suspension Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34. Italy Air Suspension Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 35. Spain Air Suspension Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 36. Spain Air Suspension Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37. Spain Air Suspension Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 38. RoE Air Suspension Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 39. RoE Air Suspension Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40. RoE Air Suspension Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 41. China Air Suspension Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 42. China Air Suspension Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43. China Air Suspension Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 44. India Air Suspension Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 45. India Air Suspension Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46. India Air Suspension Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 47. Japan Air Suspension Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 48. Japan Air Suspension Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49. Japan Air Suspension Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 50. South Korea Air Suspension Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 51. South Korea Air Suspension Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52. South Korea Air Suspension Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 53. Australia Air Suspension Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 54. Australia Air Suspension Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55. Australia Air Suspension Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 56. RoAPAC Air Suspension Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 57. RoAPAC Air Suspension Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58. RoAPAC Air Suspension Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 59. Brazil Air Suspension Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 60. Brazil Air Suspension Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61. Brazil Air Suspension Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 62. Mexico Air Suspension Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 63. Mexico Air Suspension Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64. Mexico Air Suspension Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 65. RoLA Air Suspension Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 66. RoLA Air Suspension Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67. RoLA Air Suspension Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 68. Saudi Arabia Air Suspension Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 69. South Africa Air Suspension Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 70. RoMEA Air Suspension Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 71. List of secondary sources, used in the study of global Air Suspension Market
TABLE 72. List of primary sources, used in the study of global Air Suspension Market
TABLE 73. Years considered for the study
TABLE 74. Exchange rates considered

List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Air Suspension Market, research methodology
FIG 2. Global Air Suspension Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Air Suspension Market, key trends 2022
FIG 5. Global Air Suspension Market, growth prospects 2023-2030
FIG 6. Global Air Suspension Market, porters 5 force model
FIG 7. Global Air Suspension Market, pest analysis
FIG 8. Global Air Suspension Market, value chain analysis
FIG 9. Global Air Suspension Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Air Suspension Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Air Suspension Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Air Suspension Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Air Suspension Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Air Suspension Market, regional snapshot 2020 & 2030
FIG 15. North America Air Suspension Market 2020 & 2030 (USD Billion)
FIG 16. Europe Air Suspension Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Air Suspension Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Air Suspension Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Air Suspension Market 2020 & 2030 (USD Billion)