Global Air Suspension Market, By Vehicle Type (Light Duty Vehicles, Truck, Bus), By Component (Air S

Published Date: | Report Code : AT1911039

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Global Air Suspension Market, By Vehicle Type (Light Duty Vehicles, Truck, Bus), By Component (Air Spring, Air Reservoir, Height Sensor, Shock Absorber, Air Compressor, and Electronic Control Module), By Technology (Electronically Controlled Air Suspension, Non-Electronically Controlled Air Suspension), And By Region (North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, and Rest of the World) – Market Size & Forecasting (2016-2028)

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Domain : Automotive

Report Code : AT1911039

Status : Upcoming

Growing demand for comfort in luxury vehicles is expected to drive the growth of the air suspension market during the forecast period. This has resulted in some of the key developments by companies operating in the market to consolidate their market positions and look for further niche opportunities.

Air suspension supports vehicles on axles with the help of air springs. It provides increased comfort, load capacity by leveling the suspension, and reduces excess noise and vibration. It is most commonly used in buses for long-distance such as VOLVO, SCANIA, etc. Earlier, air suspension was controlled manually by switches. However, now, it is electronically controlled.

Nowadays, the majority of the long-distance buses and trucks are fitted with air suspensions. Luxury passenger vehicle manufacturers are using air suspension to increase the level of comfort, stability, ride height adjustments. Moreover, it is used in sports cars and track cars as sports suspension for increased stability and better track performance. Manually controlled air suspensions hold the majority of the shares in the market, but automatic air suspension is set to dominate the market during the forecast period. All these factors are responsible for the increased demand for air suspensions in the market. However, many vehicle manufacturers still continue to use coil-over or leaf over suspensions due to the high cost and increased expertise required for their service and maintenance, which could affect its demand in the market. The air suspension market in North America and Europe is expected to grow due to the presence and demand for luxury vehicles.   

Key Factors Impacting Market Growth:

  • Increase in demand for long-distance buses
  • Growing demand for comfort in luxury vehicles

Regional Analysis: 

By region, North America, Western Europe, and Asia Pacific are estimated to dominate the air suspension market in terms of market demand. North America and Western Europe have been traditional markets for the automotive sector with many global manufacturers headquartered in this region. The automotive sector in these regions has been dynamic in terms of technological developments and product modifications. The demand for lightweight materials, cleaner emissions, and green fuels have been some of the key influencing factors in this region. Also, the market has witnessed steady recovery from recent slowdowns in the past decades. Some of these factors are expected to impact the dynamics of the air suspension market in North America and Western Europe during the forecast period. The US, Germany, France, Italy, UK, and Spain have been some of the major economies for the air suspension market in the region. 

Asia Pacific is estimated to be the fastest-growing region for the air suspension market during the forecast period. This region has been one of the lucrative markets for the automotive sector in the past few decades with strategic investments by global companies in the region. China, Japan, India, and South Korea have been some of the major countries for the air suspension market in the Asia Pacific region. The Middle East promises a strong market potential with the growth of the automotive sector in the region. Countries including UAE, Saudi Arabia, Qatar, and Iran have been diversifying the industrial sector to boost the economy in the past few decades. Other regions including Eastern Europe, South America, and Africa are estimated to emerging markets with growing demand during the forecast period.

Companies Covered: 

Continental AG, ThyssenKrupp AG, Hendrickson International Corporation, Mando Corporation, SAF-Holland, and Wabco Holdings Inc…. 

Market Segmentation:

By Vehicle Type:

  • Light-Duty Vehicles
  • Truck
  • Bus

By Component:

  • Air Spring
  • Air Reservoir
  • Height Sensor
  • Shock Absorber
  • Air Compressor
  • Electronic Control Module

By Technology:

  • Electronically Controlled Air Suspension
  • Non-Electronically Controlled Air suspension

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Vehicle Type
    • By Component
    • By Technology
  • Western Europe
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By Vehicle Type
    • By Component
    • By Technology
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Vehicle Type
    • By Component
    • By Technology
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Vehicle Type
    • By Component
    • By Technology
  • Middle East
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
    • By Vehicle Type
    • By Component
    • By Technology
  • Rest of the World
    • By Region ( South America, Africa)
    • By Vehicle Type
    • By Component
    • By Technology

Reasons To Buy This Report:

  • Market size estimation of the global air suspension market on a regional and global basis
  • Unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment
  • By Sub-segment
  • By Region/Country

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