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Leading Growth Driver in the Air Suspension Market in 2025: Commercial Vehicle Demand Boosts The Air Suspension Market Growth Driver's Influence
Air Suspension Market
The air suspension market is set to expand due to the increasing demand for commercial vehicles. The term "commercial vehicle" refers to any motorized vehicle employed for the delivery of goods or the transport of fare-paying passengers. As economic activities flourish, the necessity for efficient transport and logistics solutions heighten, thus pushing up the demand for commercial vehicles. Air suspension systems play a vital role in this sector by offering premium ride comfort. They alleviate driver fatigue and offer added safety for heavy-load, long-distance commercial vehicles. They also contribute to improved fuel efficiency by keeping the vehicle at the ideal ride height and minimizing aerodynamic drag, which is advantageous for long-haul trucks and similar commercial vehicles. For example, a report by the International Energy Agency, a France-based autonomous intergovernmental organization, revealed that around 66,000 electric buses and 60,000 medium and heavy-duty trucks were purchased globally in 2022, comprising roughly 4.5% of all bus sales and 1.2% of all truck sales worldwide in 2023. As a result, the growing need for commercial vehicles is propelling the air suspension market's growth.
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What is the future CAGR of the air suspension market, and how will it impact industry expansion?
The expansion of the air suspension market has been remarkable in past years. The market size is set to rise from $6.61 billion in 2024 to $7.08 billion in 2025, indicating a Compound Annual Growth Rate (CAGR) of 7.2%. This impressive growth during the historical period can be attributed to the surge in the automotive industry, increased preference for vehicle comfort, demand for improved vehicle performance, and the growing necessity for luxury vehicles.
Expectations are high for substantial expansion in the air suspension market over the coming years, with a projected value of $9.23 billion by 2029 and a compound annual growth rate (CAGR) of 6.9%. The upswing over this forecast period is predicted to stem from factors such as growing vehicular electrification, regulatory norms, heightened demand for commercial vehicles, more strict vehicle safety regulations and increased investment in research and development. Furthermore, the era looking ahead foresees a swell in demand for lightweight air suspension systems, an embrace of cutting-edge technology systems, and the inclusion of these systems into self-driving vehicles.
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What are the most significant trends transforming the air suspension market today?
Leading businesses in the air suspension market are concentrating on the expansion of innovative control and suspension products to offer superior suspension and control solutions for different vehicle applications. These products operate collectively to produce a more comfortable drive, improve handling, and give the ability to adjust the vehicle's ride height responsively based on the driving conditions and the weight of the cargo. For instance, DMA Industries, a US aftermarket accessories manufacturer, introduced a new product line called RideMaster in November 2023. This line encompasses air struts, springs and shocks, coil springs, control arms, and small chassis components. RideMaster products, available in both active and passive configurations, offer damping and performance equivalent to the original part. These products are proudly manufactured in a tariff-free zone, allowing DMA to deliver remarkable value without compromising on quality.
Which key market segments comprise the air suspension market and drive its revenue growth?
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 regions are at the forefront of air suspension market expansion?
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.
Who are the leading players fueling growth in the air suspension market?
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
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What Is Covered In The Air Suspension Global Market Report?
•Market Size Forecast: Examine the air suspension market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the air suspension market for a structured understanding.
•Key Players Overview: Analyze major players in the air suspension market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the air suspension market.
•Segment Contributions: Evaluate how different segments drive overall growth in the air suspension market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the air suspension market.
•Industry Challenges: Identify potential risks and obstacles affecting the air suspension market.
•Competitive Landscape: Review strategic developments in the air suspension market, including expansions, agreements, and new product launches.
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