Automotive Air Suspension Market Analysis Focusing on Leading Players – DUNLOP SYSTEMS AND COMPONENTS, VIBRACOUSTIC, CONTINENTAL, HENDRICKSON INTERNATIONAL

Market Analysis:

North America leads in the geographical segment because of high presence of luxury and commercial vehicles. It is followed by Europe and then APAC, APAC though being the largest market for vehicle sales is not on par because of the presence of economically weaker countries in the region. Dependent markets, such as rubber molded components market is also poised to experience a healthy growth owing to the demand for air suspension systems.

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Though manually controlled systems hold larger share, their electronic counterparts are growing at a faster rate. This trend is bound to continue due to the rising adoption rate of air suspension systems in heavy-duty and commercial vehicles. Air suspension systems also have high demand in the aftermarket as air ride kits, which many street riders deploy for ride adjustability, ride height change, etc. Although air suspension adoption rate is increasing in buses and commercial vehicles, passenger vehicles still do not deploy them because of their high-cost setup and increased expertise required for their service and maintenance. Future opportunities that manufacturers of ECAS can look at is the integration of different systems, such as, electronic stability program (ESP), Electronic stability control (ESC), etc. in the form of smart suspension systems.

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Market Segments:
Automotive Air Suspension Market is segmented by:
1. End-user: OEM, Aftermarket
2. Control Type: Electronically Controlled Air Suspension, Non-electronically Controlled Air Suspension
3. Application Type: Passenger Vehicles, Commercial Vehicles
4. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

Key Developments in the Market
• March 2018: Porsche Mission E Cross Turismo headed for production and it will be equipped with toughened fender liners and an air suspension system which raises the ride height by around 2 inches gives the show enhanced soft-road credibility
• August 2017: Tesla’s new vehicle, Model 3 is expected to be equipped with a smart air suspension. This smart air suspension is linked to the dual motor configuration of Model 3

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