Report Description Table of Contents The air suspension market was worth USD 7.5 billion in 2023 and will be worth USD 12.17 billion by 2030, growing at a CAGR of 6.2% during the forecast period. The market for air suspension is mainly attributed by the rising need for better comfort and steadiness in vehicles and the advancement of technology in suspension systems in the commercial as well as passenger cars. This growth is as a result of an increase in the demand for luxury vehicles which are associated with enhanced driving experiences. For instance most of the luxurious cars like Mercedes Benz and Audi cars have now adopted the ‘Air Suspension System’ which is an automatic fitment that optimizes weight and adapts to roads. New products that have been introduced in the market include the electronic air suspension system that works another gear that automatically adjusts suspension depending on the road condition and the load on the system. Besides, consumer focus on vehicle stability and safety, particularly in commercial fleets, has led manufacturers to integrate air suspension systems to enhance the management of stability and lessen the amount of wear on other parts, thus expanding the market size. The air suspension market presents significant opportunities, particularly as the demand for commercial vehicles and electric vehicles (EVs) continues to rise. With a projected growth rate of approximately 8% from 2023 to 2030, manufacturers are increasingly looking to integrate air suspension systems to enhance ride quality and fuel efficiency. For instance, major truck manufacturers like Volvo and Scania are adopting air suspension to improve load management and reduce wear on the vehicle, thus enhancing overall performance. Recent developments include the introduction of lightweight materials and smart air suspension systems that utilize sensors to automatically adjust the suspension based on load and road conditions. This innovation not only improves driving comfort but also enhances safety, making air suspension systems an attractive option for both commercial and passenger vehicles in the evolving automotive market. Market Segmentation By Vehicle Type: Passenger car Commercial vehicle By Technology: Manual Air Suspension Electronic Air Suspension By Component: Shock Absorber Air Spring Height sensor Air compressor Electric control unit Air Reservoir Others By End-user: OEM Aftermarket By Region North America US Mexico Canada Rest of North America Europe Switzerland Russia France Germany U.K Finland Turkey Netherlands Belgium Spain Italy Rest of Europe Asia Pacific India China South Korea Japan Singapore Thailand Indonesia Malaysia Philippines Australia Rest of Asia-Pacific LAMEA Brazil Argentina Uruguay Saudi Arabia Rest of LAMEA North America leads the way for the air suspension market with a 35% market share across the globe, forecasted up to 2023. This domination is mainly attributed to the increased demand for new suspensions especially in the automotive industry for premium and logistic vehicles. For instance, most truck and SUV automakers such as Ford and General Motors have resorted to installing air suspension systems in their product lineup to improve the vehicle’s shock absorption and load-carrying capacities. The new and latest advancements in this particular region are the new-found electronic air suspension systems which utilize embedded sensors as well as actual time data all in an effort to bring out the best optimization in light of the riding situation and this in turn leads to enhanced riding feel. Moreover, the demand for air suspension system is increasing because of rising prominence of electric vehicles across manufacturers in North America and thus, leading to a dominant market position. Key Players Continental AG WABCO Holdings Inc. Gabriel India Ltd. Air Lift Company BWI Group Ride Control, LLC Dunlop Systems and Components Hitachi Automotive Systems, Ltd. Tenneco Inc. Firestone Industrial Products Frequently Asked Question About This Report . Table of Contents 1. AIR SUSPENSION MARKET – PRODUCTION VOLUME BY REGION, (2024 – 2030) 1.1. North America 1.2. Europe 1.3. Asia Pacific 1.4. Latin America 1.5. Middle East & Africa 2. AIR SUSPENSION MARKET – REVENUE ($MILLION), BY REGION, (2024 – 2030) 2.1. North America 2.2. Europe 2.3. Asia Pacific 2.4. Latin America 2.5. Middle East & Africa 3. MARKET SHARE ANALYSIS – AIR SUSPENSION MARKET 3.1. Top 20 Players with Product Mix, Revenue, and Sales Volume 3.2. Market Share, 2023 3.3. Market By Vehicle Type of AIR SUSPENSION and End Use Outlook Analysis 4. HISTORIC TRENDS IN AIR SUSPENSION MARKET 5. EMERGING MARKET TRENDS 6. NORTH AMERICA AIR SUSPENSION MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 6.1. North America AIR SUSPENSION Historical Market ($MILLION), (2017 – 2023) 6.2. North America AIR SUSPENSION Market ($MILLION) and Forecasts (2024 – 2030) 6.3. North America AIR SUSPENSION Market Type ($MILLION), and Forecasts (2024 – 2030), By Vehicle Type 6.3.1. Passenger car 6.3.2. Commercial vehicle 6.4. North America AIR SUSPENSION Market Type ($MILLION), and Forecasts (2024 – 2030), By Technology 6.4.1. Manual Air Suspension 6.4.2. Electronic Air Suspension 6.5. North America AIR SUSPENSION Market Type ($MILLION), and Forecasts (2024 – 2030), By End-use 6.5.1. OEM 6.5.2. Aftermarket 6.6. North America AIR SUSPENSION Market Type ($MILLION), and Forecasts (2024 – 2030), By Component 6.6.1. Shock Absorber 6.6.2. Air Spring 6.6.3. Height sensor 6.6.4. Air compressor 6.6.5. Electric control unit 6.6.6. Air Reservoir 6.6.7. Others 6.7. North America AIR SUSPENSION Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography 6.7.1. USA 6.7.2. Canada 6.7.3. Rest of North America 7. USA AIR SUSPENSION MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 8. EUROPE AIR SUSPENSION MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 8.1. Europe AIR SUSPENSION Historical Market ($MILLION), (2017 – 2023) 8.2. Europe AIR SUSPENSION Market ($MILLION) and Forecasts (2024 – 2030) 8.3. Europe AIR SUSPENSION Market Type ($MILLION), and Forecasts (2024 – 2030), By Vehicle Type 8.4. Europe AIR SUSPENSION Market Type ($MILLION), and Forecasts (2024 – 2030), By Technology 8.5. Europe AIR SUSPENSION Market Type ($MILLION), and Forecasts (2024 – 2030), ByEnd-use 8.6. Europe AIR SUSPENSION Market Type ($MILLION), and Forecasts (2024 – 2030), By Component 8.7. Europe AIR SUSPENSION Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography 8.7.1. Germany 8.7.2. France 8.7.3. UK 8.7.4. Italy 8.7.5. Spain 8.7.6. Rest of Europe 9. APAC AIR SUSPENSION MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 9.1. APAC AIR SUSPENSION Historical Market ($MILLION), (2017 – 2023) 9.2. APAC AIR SUSPENSION Market ($MILLION) and Forecasts (2024 – 2030) 9.3. APAC AIR SUSPENSION Market Type ($MILLION), and Forecasts (2024 – 2030), By Vehicle Type 9.4. APAC AIR SUSPENSION Market Type ($MILLION), and Forecasts (2024 – 2030), By Technology 9.5. APAC AIR SUSPENSION Market Type ($MILLION), and Forecasts (2024 – 2030), ByEnd-use 9.6. APAC AIR SUSPENSION Market Type ($MILLION), and Forecasts (2024 – 2030), By Component 9.7. APAC AIR SUSPENSION Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography 9.7.1. China 9.7.2. Japan 9.7.3. South Korea 9.7.4. India 9.7.5. Australia 9.7.6. Rest of APAC 10. LATIN AMERICA AIR SUSPENSION MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 10.1. Latin America AIR SUSPENSION Historical Market ($MILLION), (2017 – 2023) 10.2. Latin America AIR SUSPENSION Market ($MILLION) and Forecasts (2024 – 2030) 10.3. Latin America AIR SUSPENSION Market Type ($MILLION), and Forecasts (2024 – 2030), By Vehicle Type 10.4. Latin America AIR SUSPENSION Market Type ($MILLION), and Forecasts (2024 – 2030), By Technology 10.5. Latin America AIR SUSPENSION Market Type ($MILLION), and Forecasts (2024 – 2030), ByEnd-use 10.6. Latin America AIR SUSPENSION Market Type ($MILLION), and Forecasts (2024 – 2030), By Component 10.7. Latin America AIR SUSPENSION Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography 10.7.1. Brazil 10.7.2. Argentina 10.7.3. Rest of Latin America 11. COMPANY PROFILES: 11.1. Continental AG 11.1.1. Company Overview 11.1.2. Company Snapshot 11.1.3. Operating business segments 11.1.4. Product offered and Revenue 11.1.5. Production & Sales 11.2. WABCO Holdings Inc. 11.3. Gabriel India Ltd. 11.4. Air Lift Company 11.5. BWI Group 11.6. Ride Control, LLC 11.7. Dunlop Systems and Components 11.8. Hitachi Automotive Systems, Ltd. 11.9. OTHER MARKET PLAYERS