Press release
Strong Growth Ahead: Automotive Air Suspension Market Size To Grow At Arecord 7% Cagr By 2029
Automotive Air Suspension Market
How Big Is the Automotive Air Suspension Market Size Expected to Be by 2034?
The automotive air suspension market has grown steadily, forecast to expand from $7.06 billion in 2024 to $7.57 billion in 2025 at a CAGR of 7.3%. This rise is attributed to consumer interest in ride comfort and safety, increased mileage, more demand for heavy-duty vehicles, luxury car sales, and favorable interest rates.
The automotive air suspension market is anticipated to expand to $9.94 billion in 2029 at a CAGR of 7.0%, supported by favorable policies, electronically controlled systems, R&D efforts, vehicle production, and off-road activity growth. Key trends include tech-driven air suspension systems, modular designs, advanced systems adoption, and regenerative suspension.
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What Are the Emerging Segments Within the Automotive Air Suspension Market?
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 Long-Term Drivers Are Shaping Automotive Air Suspension Market Trends?
The rising demand for commercial vehicles is expected to drive the growth of the automotive air suspension market. Commercial vehicles are used for transporting goods or passengers for business purposes. This market is driven by economic activity and evolving industry needs. Automotive air suspension systems improve vehicle functionality, comfort, safety, and longevity, making them suitable for various applications. The European Automobile Manufacturers Association reported in May 2023 that global motor vehicle production reached 85.4 million units in 2022, reflecting a 5.7% increase from 2021.
Who Are the Top Competitors in Key Automotive Air Suspension Market Segments?
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
What Are the Major Trends Shaping the Automotive Air Suspension Market?
In the automotive air suspension market, companies are focusing on zero-maintenance damping ride technology to enhance ride comfort and vehicle stability. This technology eliminates the need for regular maintenance while providing a smooth, consistent ride. In July 2023, Hendrickson introduced the ROADMAAX Z rear air suspension system, incorporating Zero Maintenance Damping technology for better performance and reduced maintenance costs.
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Which Regions Are Becoming Hubs for Automotive Air Suspension Market Innovation?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Automotive Air Suspension Market?
2. What is the CAGR expected in the Automotive Air Suspension Market?
3. What Are the Key Innovations Transforming the Automotive Air Suspension Industry?
4. Which Region Is Leading the Automotive Air Suspension Market?
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