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Key Influencer in the Automotive Air Suspension Market 2025: Automotive Air Suspension Market Poised For Growth As Commercial Vehicle Sales Surge Globally Driver
Automotive Air Suspension Market
The automotive air suspension market is predicted to grow due to an increased demand for commercial vehicles. Commercial vehicles, which are broadly used for transporting goods or passengers for business purposes, have a multifaceted demand. This demand is propelled by economic activities and shifting industry requirements resulting in the commercial vehicle market's continual growth. Automotive air suspension systems increase a vehicle's functionality, comfort, safety, and lifespan. As such, they are appropriate for various applications, including urban delivery fleets, heavy-duty transport, and specialized services. The European Automobile Manufacturers Association, a Belgium-based automobile industry's lobbying and standards group, stated in May 2023 that global motor vehicle production touched 85.4 million units in 2022. This figure represents a 5.7% increase from 2021. Consequently, the growing demand for commercial vehicles is propelling the automotive air suspension market.
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What growth opportunities are expected to drive the automotive air suspension market's CAGR through 2034?
The market size for automotive air suspension has seen significant growth lately. An expansion from $7.06 billion in 2024 to $7.57 billion in 2025, at a compound annual growth rate (CAGR) of 7.3%, is projected. This acceleration in the historical period can be attributed to a surge in consumer demands for vehicle safety and comfortability, an uptick in distance travelled by vehicle, a growing need for heavy commercial vehicles, a surge in demands for luxury and premium vehicles, coupled with lowered interest rates.
The market for automotive air suspension is projected to experience substantial expansion in the coming years. The market is expected to increase to $9.94 billion in 2029, with a compound annual growth rate (CAGR) of 7.0%. The projected growth for the forecast period is due to beneficial government regulations and incentives, an increase in the preference for electronically controlled air suspension systems, enhancement in research and development capabilities, a rise in vehicle manufacturing, and a growth in off-road leisure activities. Noteworthy future trends include electronically controlled air suspension, lightweight components for air suspension, modular designs for air suspensions, an increased acceptance of advanced technological systems, and regenerative air suspension systems.
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What are the emerging trends shaping the future of the automotive air suspension market?
Key players in the automotive air suspension market are developing products that employ zero maintenance damping ride technology, aiming to increase ride comfort, improve vehicle stability, and bolster load-bearing capabilities. The Zero Maintenance Damping Ride Technology (ZMDR) is a revolutionary vehicle suspension system set up to offer excellent comfort and top-tier handling functionality without the need for regular upkeep. As an illustration, Hendrickson, a manufacturer of commercial vehicle parts based in the United States, unveiled the ROADMAAX Z, its featherweight 46,000 lb. capacity rear air suspension system, in July 2023. The ROADMAAX Z is the first drive axle suspension from Hendrickson to integrate its exclusive Zero Maintenance Damping (ZMD) technology. With the removal of conventional shock absorbers, the damping function is directly incorporated into the air springs in the ZMD technology. This strategy is expected to ensure a uniform, smooth ride for the duration of the air springs' lifespan, leading to reduced downtime and lower maintenance costs. This suspension system has been cleared for use with lift axles and up to 25% off-highway operations, showcasing high-grade performance in rigorous applications.
Which growth-oriented segments of the automotive air suspension market are leading the industry's development?
The automotive air suspension market covered in this report is segmented -
1) By Control Type: Electronically Controlled Air Suspension, Non-Electronically Controlled Air Suspension
2) By Component: Air Springs, Shock Absorber, Compressor, Electronic Control Unit, Air Reservoir, Height And Pressure Sensor, Remote Control, Solenoid Valve, Other Component
3) By Vehicle Type: Passenger Vehicle, Light Commercial Vehicle, Heavy Commercial Vehicle, Bus And Coaches
4) By Sales Channel: Original Equipment Manufacturer, Aftermarket
Subsegments:
1) By Electronically Controlled Air Suspension: Adaptive Air Suspension Systems, Semi-Active Air Suspension Systems, Fully Active Air Suspension Systems, Smart Suspension Systems With Automatic Load Adjustment, Suspension Systems With Height Control And Ride Quality Enhancement
2) By Non-Electronically Controlled Air Suspension: Manual Air Suspension Systems, Pneumatic Air Suspension Systems (Non-Digital Control), Fixed-Height Air Suspension Systems, Mechanical Air Suspension With Adjustable Pressure
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What regions are leading the charge in the automotive air suspension market?
Asia-Pacific was the largest region in the automotive air suspension market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive air suspension market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What companies are at the forefront of innovation in the automotive air suspension market?
Major companies operating in the automotive air suspension market are Hitachi Ltd., ZF Friedrichshafen AG, ThyssenKrupp AG, Continental AG, Hyundai Mobis, PACCAR Inc., Isuzu Motors Limited, Tenneco Inc., Nidec Corporation, Iveco S.p.A., DuPont de Nemours Inc., Hino Motors Ltd., Knorr-Bremse AG, Meritor Inc., Hendrickson USA L.L.C., Sogefi S.p.A., SAF-Holland S.A., Wheels India Limited, Magneti Marelli S.p.A., Stemco, Vibracoustics, Ridewell Corporation, Bilstein, Airlift Company, Firestone Industrial Products
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What Is Covered In The Automotive Air Suspension Global Market Report?
•Market Size Forecast: Examine the automotive air suspension market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the automotive air suspension market for a structured understanding.
•Key Players Overview: Analyze major players in the automotive air suspension market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the automotive air suspension market.
•Segment Contributions: Evaluate how different segments drive overall growth in the automotive air suspension market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the automotive air suspension market.
•Industry Challenges: Identify potential risks and obstacles affecting the automotive air suspension market.
•Competitive Landscape: Review strategic developments in the automotive air suspension market, including expansions, agreements, and new product launches.
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