Automotive Air Suspension System Market Research Report Information By Technology (manual air suspension, and electronic air suspension), By Component (shock absorber, air spring, air compressor, air reservoir, height sensor, electronic control unit, and others), By Vehicle Type (passenger cars, light commercial vehicles, and heavy commercial vehicles), Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America) - Forecast till 2032

Automotive Air Suspension System Market Overview

Automotive Air Suspension System Market Size was valued at USD 18.51 billion in 2023 The Global Automotive Air Suspension System market industry is projected to grow from USD 19.30 billion in 2024 to USD 26.99 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.28% during the forecast period (2024 - 2032).

The Automotive Air Suspension System Market is consistently growing due to the Increasing demand commercial vehicles as well as premium & luxury vehicles across globe as these vehicles commonly use air suspension systems. Furthermore, growing research & development abilities among key players in the market is likely to drive the region’s market throughout the forecast year. The demand for commercial vehicles has witnessed growth in recent years. According to Organization Internationale des Constructeurs d'Automobiles (OICA), sales of commercial vehicles have increased from 21.7 units in the year 2020 to 23.1 million units in the year 2021. The rise in sales is due to increasing infrastructure spending, growing e-commerce activities, and rising import-export trade.

Automotive Air Suspension System Market SIZE (USD BILLION) (2018-2032)

 Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Automotive Air Suspension System Market Trends

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  Rising demand for lightweight air suspension system

  
  

The trend of lightweight vehicles allows OEMs to lower CO2 emissions as well as to improve fuel efficiency. To achieve the goal of reduction in the fuel consumption of vehicles fitted installed with air consumption systems. The chassis, as well as the suspension system, consist of 22%-27% of the weight of the light-duty vehicle (LCV) which includes steering suspension and brakes along with wheels and tires. Conventional suspension systems are generally heavy thus increasing vehicle weight and rising fuel consumption. As a result, the need for appropriate material composition for reducing the weight of components and chassis without affecting performance is rising among suspension manufacturers. Kenworth Truck Company managed to lower the weight of the suspension system by around 400 pounds by using an air-ride suspension system. SAF Holland S.E. has developed a lightweight CBX23 AeroBeam fixed frame air suspension, which provides strength as well as weight for enhancing performance in a heavy truck.

Automotive Air Suspension System Market Segment Insights:

Automotive Air Suspension System by Technology Insights

The Automotive Air Suspension System market segmentation, based on technology, includes manual air suspension, and electronic air suspension. The Manual Air Suspension segment held the majority share in 2022, contributing around ~ 64.6% to the market revenue.

Air suspension which is not electronics and allows the compressor pumps air inside flexible bellows, which are made of textile-reinforced rubber. Air suspension uses pressurized air. The pressure of air inflates the bellows as well as raises the chassis from the axle. Air suspension is among the most comfortable as well as load-bearing suspensions used on most top-line luxury as well as sports cars. Due to their high load-bearing capacity, they are also used in buses and trucks.

It can electronically modify the shocks and struts for creating a smooth ride. Some electronic suspensions are designed to automatically adapt to changing road conditions for enhanced handling in all types of terrain. This unit automatically computes whether the pressure in the bellows requires to be adjusted by using the solenoid valve and ensures an efficient suspension. Optimum vehicle vibration absorption performance at the time when the vehicle is in motion which prevents cargo from shifting as well as ensures the safe delivery of precision equipment.

Automotive Air Suspension System Market SIZE (USD BILLION) Technology 2022 VS 2032

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Automotive Air Suspension System Component Insights

According to component, the segment is divided into shock absorber, air spring, air compressor, air reservoir, height sensor, electronic control unit, and others. Air springs segment held the majority share in 2022, contributing around ~ 37.16% to the market revenue. Air springs are designed of textile-reinforced rubber which reduces the weight of suspension systems. This will lead manufacturers for developing lightweight air suspension systems as well as related components to expand the business in the coming years. Air reservoir is also known as an air receiver or air tank; the main function of an air reservoir is to serve as temporary storage for the accommodation of peak demand for compressed air. Air reservoirs act as a buffer between the system as well as any fluctuation in pressure. It also acts for dampening pulsations from discharge lines of the compressed air system, which result in steady pressure. The air reservoir can also help for preventing frequent loading as well as loading of compressed air system along with precipitating any moisture within any compressed air generated.

Automotive Air Suspension System Market SIZE (USD BILLION) Organization Size 2022 VS 2032

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Automotive Air Suspension System Vehicle Type Insights

According to vehicle type, the segment is divided into passenger cars, light commercial vehicles, and heavy commercial vehicles. Heavy Commercial Vehicles segment held the majority share in 2022, contributing around ~ 45.05% to the market revenue. Heavy commercial vehicles (HCV) include heavy trucks, tractors, and trailers. The growing transportation & logistics industry across the globe is primarily boosting the requirement of heavy commercial vehicles. The growth in the use of combination vehicles, such as truck trailers and semi-trailers, further raises the demand for automotive air suspension. Thus, the increase in the adoption rate of good quality automotive air suspension in heavy commercial vehicles is expected to drive the growth of the heavy commercial vehicle segment during the forecast period.

Automotive Air Suspension System Regional Insights

By Region, the study segments the market into North America, Europe, Asia-Pacific, Middle East & Africa, and South and Central America. Asia Pacific accounted for the largest share of revenue in 2022 and is expected to retain its dominance over the forecasted period because of the enormous development of the automobile sector in nations such as China, India, and Japan. To strengthen their market position, several manufacturers are working on expanding their businesses and sales for automobiles in recent years. For instance, In November 2022, Maruti Suzuki has announced plans for spending USD 865.12 million on various projects which include the establishment of new facility in Haryana (India) as well as the introduction of new models.

China is the largest automotive sector in the world, with passenger vehicle manufacturing in the year 2022 was 2.8 million units and 3.1 million units of commercial vehicles. Furthermore, India has a strong position across the world in heavy vehicles as it is the largest tractor manufacturer, second largest bus producer, as well as a third largest heavy truck producer across the world.

Further, the countries considered in the scope of the Automotive Air Suspension System market are the U.S, Canada, Mexico, Germany, UK, Spain, Italy, China, Japan, India, Brazil, Argentina.

Automotive Air Suspension System Market SIZE (USD BILLION) REGION 2022 VS 2032

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

North America will witness growth in the coming years. Due to having expanding infrastructure as well as government support for electric vehicles, the region is home to various major automakers. The region leads to electronics-controlled air suspension due to a higher adoption rate for technologically advanced systems, Mercedes S-Class, Audi A8, Porsche Cayenne, Volkswagen Touareg, and Land Rover Discovery are some passenger vehicle models having electronics-controlled systems. Rising demand for luxury vehicles across Europe, growing replacement demands because of high vehicle age, as well as increased government investment in infrastructure are to propel the industry forward. Furthermore, the increasing popularity of electric air suspension is estimated to fuel demand around Europe. The automotive sector in the Middle East and Africa is growing at 36% with Saudi Arabia as the leading market in the region according to International Trade Administration. In South America the major factor driving the growth in demand for passenger cars is the lower interest rate as well as improved consumer confidence.

Automotive Air Suspension System Key Market Players & Competitive Insights

Major market players are spending a lot of money on R&D to increase their product lines, which will help the Automotive Air Suspension System market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, including new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Automotive Air Suspension System industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.

The major players in the market include Continental AG, Hitachi, Ltd., Tuopu Group, Vibracoustic, Shanghai Baolong Automotive Corporation, Thyssenkrupp AG, ZF Friedrichshafen AG, KYB Corporation, Tenneco Inc., Firestone Airide , Linyi Tianyi Shock Absorber Co., Ltd., Qingdao ATC Auto Parts Co., Ltd., Guangzhou GUOMAT Auto Parts Co., Ltd., Qingdao Manwo Vibration Technology Co., Ltd., Hendrickson USA, L.L.C., HL Mando Corp., BWI Group, SAF-HOLLAND SE, AccuAir Suspension, Ride Control, LLC, Lynx Auto, Aptiv, Arnott, Westar, Dorman Products, Inc., Foshan Shunde HongGu Auto Parts Co., Ltd., Jiangxi Yuancheng Automobile Technology Co., Ltd., Ningbo Alita Pneumatic Technology Co., Ltd., Meritor, Inc., and Dunlop Systems and Components Ltd. Continental AG’s strategy is clear and is based on three cornerstones like, strengthening operational performance, differentiating the portfolio, and turning change into opportunity. The company has paved its way early to proactively shape the transformation in the automotive industry by launching its “Transformation 2019–2029 Program” which will enable to accomplish gross savings of about USD 843 million annually from 2023 onwards. Continental will continue to make new agreements to expand its business and enhance its capabilities. It is persistently entering into partnerships with smaller specialist firms and start-up companies that will advance the business and technology more swiftly, as well as help in expanding company’s own additional areas of expertise.

Key Companies in the Automotive Air Suspension System market include

• Continental AG


• Hitachi, Ltd.


• Tuopu Group


• Vibracoustic


• Shanghai Baolong Automotive Corporation


• Thyssenkrupp AG


• ZF Friedrichshafen AG


• KYB Corporation


• Tenneco Inc.


• Firestone Airide


• Linyi Tianyi Shock Absorber Co., Ltd.


• Qingdao ATC Auto Parts Co., Ltd.


• Guangzhou GUOMAT Auto Parts Co., Ltd.


• Qingdao Manwo Vibration Technology Co., Ltd.


• Hendrickson USA, L.L.C.


• HL Mando Corp.


• BWI Group


• SAF-HOLLAND SE 

Automotive Air Suspension System Industry Developments

March 2024: Today, Li Auto Inc., the leading company in China's new energy automotive industry, held the event to launch the first flagship family MPV called Li MEGA. It is the Company's initial high-voltage battery electric vehicle that gives bigger homes an energy-topping experience equivalent to that of conventional ICE car refueling, futuristic designing and superior low drag coefficient, large comfortable interior, flagship performance and safety features together with unbeatable intelligent experience.

Li MEGA comes with Li Magic Carpet air suspension Max, having a chassis structure equipped with double-wishbone front suspension and H-arm multi-link rear suspension as well as dual-chamber air spring and continuous damping control (CDC), providing exceptional handling stability and driving comfort. In terms of the Fortress Protection System is fitted in every unit of Li MEGA, which has a body torsional stiffness equaling 44,000 Newton meters per degree. The vehicle was meticulously developed on rigorous G-rating criteria by the China Insurance Automotive Safety Index (C-IASI) for 25% frontal offset impact tests from both sides, passenger and driver, plus stringent requirements for rear-end collision tests, making it safe for big families.

Li MEGA offers incredible autonomous driving technology and smart space experiences perfect for larger families. Concerning self-driving cars, dual NVIDIA Orin-X chips running at up to 508 TOPS are used in this model, enabling full-scenario autonomous driving, automated parking as well and AEB active safety. On the other hand, Li MEGA uses a Qualcomm Snapdragon 8295P chip, which is very powerful in terms of Smart Space.  

With Li Auto 5C Super Charging Stalls, it will take just twelve minutes to charge until you attain a range of five hundred kilometers per hour by using its own charger, Li MEGA. Besides, the company is deploying a large-scale expansion of its supercharging network and has set aside at least CNY6 billion for more than 5,000 self-owned 5C charging stations through future investments.  

November 2022: Continental AG has inaugurated a new State-of-the-art Campus (about USD 118 million) for its Technical Centre in Bengaluru. The new campus houses hi-tech software, hardware, and vehicle test facilities for R&D and will combine the rapidly growing engineering competencies in India, catering to Automotive Research and Development requirements for both local and global markets.

September 2022: Tenneco Inc has collaborated with Li Auto, to supply the company with electronic suspension technology for their upcoming L9 electric luxury SUV. Tenneco's Advanced Suspension Technologies (AST) business will manufacture Monroe Intelligent Suspension CVSAe electronic dampers for this Li Auto’s new luxury model.

Automotive Air Suspension System Market Segmentation

Automotive Air Suspension System Technology Outlook (USD Billion, 2018-2032)

• Manual Air Suspension


• Electronic Air Suspension

Automotive Air Suspension System Component Outlook (USD Billion, 2018-2032)

• Shock Absorber
  
  
  
  • Single Tube
  
  
  • Twin Tube
  
  
  
  


• Air Spring


• Air Compressor


• Air Reservoir


• Height Sensor


• Electronic Control Unit


• Others

Automotive Air Suspension System Vehicle Type Outlook (USD Billion, 2018-2032)

• Passenger Cars


• Light Commercial Vehicles


• Heavy Commercial Vehicles

Automotive Air Suspension System Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  • Mexico
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • UK
  
  
  • Spain
  
  
  • Italy
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Middle East & Africa
  
  
  
  • South America
  
  
  • Brazil
  
  
  • Argentina
  
  
  • Rest of South America