Air Suspension Market Report: Trends, Forecast and Competitive Analysis to 2030

Air Suspension Trends and Forecast

The future of the global air suspension market looks promising with opportunities in the light commercial vehicle, trucks, and bus markets. The global air suspension market is expected to reach an estimated $6.9 billion by 2030 with a CAGR of 4.0% from 2024 to 2030. The major drivers for this market are growing adoption of this system in luxury and premium vehicles and increasing awareness towards vehicle comfort and safety.

A more than 150-page report is developed to help in your business decisions.

Air Suspension by Segment

The study includes a forecast for the global air suspension by vehicle type, component, technology, and region.

Air Suspension Market by Vehicle Type [Shipment Analysis by Value from 2018 to 2030]:

• Light Commercial Vehicle (LCV)
• Trucks
• Bus

Air Suspension Market by Component [Shipment Analysis by Value from 2018 to 2030]:

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

Air Suspension Market by Technology [Shipment Analysis by Value from 2018 to 2030]:

• Electronic Controlled
• Non-Electronic Controlled

Air Suspension Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Air Suspension Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies air suspension companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the air suspension companies profiled in this report include-

• ZF Friedrichshafen
• Continental
• Thyssenkrupp
• Meritor
• SAF Holland

Air Suspension Market Insights

Lucintel forecasts that electronic controlled is expected to witness highest growth over the forecast period.

APAC is expected to witness highest growth over the forecast period due to growing demand for luxury vehicles in the region.

Features of the Global Air Suspension Market

Market Size Estimates: Air suspension market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Air suspension market size by vehicle type, component, technology, and region in terms of value ($B).

Regional Analysis: Air suspension market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different vehicle types, components, technologies, and regions for the air suspension market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the air suspension market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1 What is the air suspension market size?

Answer: The global air suspension market is expected to reach an estimated $6.9 billion by 2030.

Q.2 What is the growth forecast for air suspension market?

Answer: The global air suspension market is expected to grow with a CAGR of 4.0% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the air suspension market?

Answer: The major drivers for this market are growing adoption of this system in luxury and premium vehicles and increasing awareness towards vehicle comfort and safety.

Q4. What are the major segments for air suspension market?

Answer: The future of the air suspension market looks promising with opportunities in the light commercial vehicle, trucks, and bus markets.

Q5. Who are the key air suspension market companies?

Answer: Some of the key air suspension companies are as follows:

• ZF Friedrichshafen
• Continental
• Thyssenkrupp
• Meritor
• SAF Holland

Q6. Which air suspension market segment will be the largest in future?

Answer: Lucintel forecasts that electronic controlled is expected to witness highest growth over the forecast period.

Q7. In air suspension market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period due to growing demand for luxury vehicles in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the air suspension market by vehicle type (light commercial vehicle (LCV), trucks, and bus), component (air spring, tank, solenoid valve, shock absorber, air compressor, electronic control unit (ECU), height & pressure sensor, and others), technology (electronic controlled and non-electronic controlled), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?