Press release
Commercial Vehicle Demand Boosts The Air Suspension Market Growth: A Key Driver Powering Air Suspension Market Growth In 2025
Air Suspension Market
What Is the Current Air Suspension Market Size and Its Estimated Growth Rate?
The air suspension market has grown considerably, with the value rising from $6.61 billion in 2024 to $7.08 billion in 2025 at a CAGR of 7.2%. Growth was fueled by vehicle industry expansion, consumer demand for smoother rides, performance enhancement needs, and the luxury vehicle segment.
The air suspension market is anticipated to grow to $9.23 billion in 2029 at a CAGR of 6.9%, due to increasing electrification, regulatory mandates, commercial vehicle use, and R&D spending. Trends will highlight lightweight systems, tech adoption, and compatibility with autonomous vehicles.
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How Are Emerging Segments Shaping the Air Suspension Market Landscape?
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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Which Growth Factors Are Influencing Air Suspension Market Expansion?
Rising commercial vehicle demand is contributing to the air suspension market's growth, with these systems improving ride quality and efficiency. A 2023 report from the International Energy Agency showed that 66,000 electric buses and 60,000 medium and heavy trucks were sold in 2022, making up 4.5% and 1.2% of total bus and truck sales, respectively.
Who Are the Dominant Players Across Different Air Suspension Market Segments?
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
What Are the Latest Developing Trends in the Air Suspension Market?
Companies in the air suspension market are rolling out enhanced product lines for better vehicle ride control and adaptability. In November 2023, DMA Industries, a US-based accessories manufacturer, launched RideMaster. This new range includes both active and passive suspension parts like air struts and shocks, built to match OEM performance and manufactured in tariff-free zones to ensure affordability and quality.
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Which Geographic Regions Are Expected to Dominate the Air Suspension Market in the Coming Years?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Air Suspension Market?
2. What is the CAGR expected in the Air Suspension Market?
3. What Are the Key Innovations Transforming the Air Suspension Industry?
4. Which Region Is Leading the Air Suspension Market?
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