Commercial Vehicle Demand Boosts The Air Suspension Market Growth: Major Factor in the Transformation of the Air Suspension Market in 2025

How Will the Air Suspension Market Grow, and What Is the Projected Market Size?
The size of the air suspension market has seen significant expansion in past years. It is projected to escalate from a value of $6.61 billion in 2024 to $7.08 billion in 2025, with a compound annual growth rate (CAGR) of 7.2%. Factors such as the expansion of the automotive industry, the desire for more comfortable vehicles, the pursuit of better vehicle performance, and the surge in luxury vehicle demand have all contributed to this historical growth.

The market for air suspension is predicted to experience robust expansion in the forthcoming years. By 2029, it's projected to surge to an estimated size of $9.23 billion, with a Compound Annual Growth Rate (CAGR) of 6.9%. Factors contributing to this growth over the forecast period are the rise in vehicle electrification, regulatory norms, increased demand for commercial vehicles, more stringent vehicle safety norms, and enhanced investment in research and development. Key market trends to observe during this time include the desire for lighter air suspension systems, embracement of sophisticated technology systems, and their incorporation into autonomous vehicles.

What Are the Key Drivers Behind the Growth of the Air Suspension Market?
The air suspension market is projected to grow owing to the increasing demands for commercial vehicles. Commercial vehicles, which include any motor vehicles used for the conveyance of goods or fare-paying passengers, are in high demand due to an expansion in economic activities and a growing need for effective transport and logistics solutions. Air suspension systems, with their superior riding comfort, help reduce the fatigue of the driver and boost safety for commercial vehicles carrying heavy loads for long distances. These systems also contribute to fuel efficiency by ensuring optimal riding height, therefore lessening aerodynamic drag, which is beneficial for long-haul trucks and other commercial vehicles. A report by the International Energy Agency, an autonomous intergovernmental organization based in France, stated that nearly 66,000 electric buses and 60,000 medium- and heavy-duty trucks were sold around the globe in 2022, approximately making up 4.5% of the total bus sales and 1.2% of worldwide truck sales. Hence, the increasing demand for commercial vehicles is propelling the expansion of the air suspension market.

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Who Are the Major Industry Players Fueling Air Suspension Market Expansion?
Major companies operating in the air suspension market are Hitachi Ltd., AB Volvo, ZF Friedrichshafen AG, ThyssenKrupp AG, Continental AG, Parker Hannifin Corporation, Mando Corporation, KYB Corporation, Dorman Products, Hendrickson USA L.L.C, SAF-HOLLAND SE, BWI Group, STEMCO Products Inc., Air Lift Company, Timbren Industries, Dunlop Suspension Systems, Viair Corporation, Sumitomo Electric Industries Ltd., Wabco Holdings Inc., Accuair Suspension

Which Key Developments Are Influencing the Air Suspension Market?
Leading businesses in the air suspension market are concentrating their efforts on the development of superior control and suspension products to offer high-end suspension and control solutions suited for a range of vehicle uses. These control and suspension products function cooperatively to produce a more comfortable ride, enhanced handling, and the ability to adjust the vehicle's ride height responsively according to the driving conditions and cargo weight. For example, in November 2023, DMA Industries, an American company specialized in manufacturing aftermarket accessories, introduced RideMaster, a comprehensive product line consisting of air struts, springs and shocks, coil springs, control arms, and minor chassis parts. With active and passive variants available, the damping and performance of RideMaster products closely match that of the original parts. The RideMaster range is proudly produced in a zone free of tariffs, enabling DMA to offer outstanding value without compromising on quality.

How Is the Segmentation of the Air Suspension Market Defined?
The air suspension market covered in this report is segmented -

1) By Component: Air Spring, Tank, Solenoid Valve, Shock Absorber, Air Compressor, Electronic Control Unit (ECU), Height And Pressure Sensor, Air Reservoir
2) By Vehicle Type: Light Duty Vehicles, Trucks, Buses
3) By Technology: Electronic Controlled, Non-Electronic Controlled
4) By Sales Channel Type: Original Equipment Manufacturers (OEMs), Aftermarket
5) By End-User Industry: Automotive, Transportation And Logistics

Subsegments:
1) By Air Spring: Rubber Air Springs, Fabric Air Springs, Rolling Lobe Air Springs, Bellows Air Springs
2) By Tank: Air Storage Tanks, Steel Air Tanks, Aluminum Air Tanks
3) By Solenoid Valve: Single Solenoid Valve, Double Solenoid Valve, Pressure Control Solenoid Valve
4) By Shock Absorber: Pneumatic Shock Absorbers, Electronically Controlled Shock Absorbers
5) By Air Compressor: Single-Stage Air Compressors, Multi-Stage Air Compressors, Electric Air Compressors
6) By Electronic Control Unit (ECU): ECU for Load-Leveling, ECU for Suspension Damping, ECU for Dynamic Control
7) By Height And Pressure Sensor: Height Sensors (Measuring Vehicle Height), Pressure Sensors
8) By Air Reservoir: Plastic Air Reservoirs, Metal Air Reservoirs, Composite Air Reservoirs

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What Is the Leading Region in the Air Suspension Market?
Europe was the largest region in the air suspension market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the air suspension market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Is Covered In The Air Suspension Global Market Report?

- Market Size Analysis: Analyze the Air Suspension Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Air Suspension Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Air Suspension Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Air Suspension Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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