Automotive Air Suspension Market Will Reach USD 10,805.66 Million By 2030

In 2021, the automotive air suspension market was worth around USD 6,262.00 million, and it is projected to advance at a 6.25% CAGR from 2021 to 2030, hitting USD 10,805.66 million in 2030, as per P&S Intelligence.

This growth can be ascribed to the growing need for commercial vehicles coupled with vehicle security and convince which ultimately boosts the requirement for the air suspension system in heavy vehicles especially.

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Passenger vehicles with air suspensions contain better transport capacity as these components advance the grip and equal the suspension as a whole. The sense of an air suspension system can also be altered, offering drivers the choice of a laxer ride for cruising on the highway or a lumpier ride for improved handling on challenging winding roads.

In the coming few years, electronically controlled air suspension is projected to experience the fastest growth, with the CARG of approximately 7%. Mainly because to provide height references for all four sides of the car, the automatically controlled air suspension also has height sensors that are on the basis of measurement resistance in contact with the ground.

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The clients are leaning more towards the finest vehicle which comprises superior pieces of machinery to get better-quality rides from their vehicles, which has encouraged OEMs to include air suspension systems more often in their models. Demand for air suspension systems is only fitted in the standard passenger car market and in trucks and buses in the profitable vehicle category.

The mainstream of car ownership in APAC is based in India, China, South Korea, and Japan which influences the industry. Because of its massive populace and post-pandemic surge in demand for passenger cars, China is projected to be the market leader in the region.

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