Automotive Air Suspension Market Analysis
Explore In-Depth Automotive Air Suspension Market Analysis, Covering Detailed Segmentation and Geographical Insights for the Period of 2019 to 2032
Report Code: 10746
Explore In-Depth Automotive Air Suspension Market Analysis, Covering Detailed Segmentation and Geographical Insights for the Period of 2019 to 2032
The passenger cars category has garnered the largest market share, of 50%, in 2024. This is accounted to the demand for the greater driver comfort, less wear and tear on the suspension system which can eventually reduce the harshness and vibration of heavy-duty driving causing less discomfort and fatigue.
Passenger cars with air suspensions have a greater transport capacity because these components improve the grip and level the suspension as a whole. The feel of an air suspension system may also be changed, giving drivers the option of a softer ride for cruising down the highway or a rougher ride for better handling on winding, challenging roads.
There are various benefits associated with the air suspension system. There are growing demand in China and India for opulent automobiles are being boosted by the rising demand for cars with comfort features. It saw a substantial increase in vehicle sales in Asia Pacific, according to luxury automakers Mercedes-Benz, Audi, Lamborghini, BMW, MINI, and Rolls-Royce.
The sale of luxury vehicles in the area is being driven by rising disposable income levels in China and India. Luxury carmakers like Mercedes-Benz, Audi, BMW have observed significant increase in vehicles sales. This is driven by the growing awareness and enhanced demand comforts, vehicle safety against vibrations and better control over the vehicles.
The growing urban population and economic development of developing countries are driving up the demand for safe and convenient rapid transit options. Initiatives are being taken by several governmental and non-governmental organizations to enhance the transit system user experience. Passenger cars offer a comfortable and safe ride, which improves client satisfaction and contributes to swift, pleasant transportation, thus encouraging manufacturers to install air suspension systems in their premium models.
Light commercial vehicles are the fastest-growing category on account of their increasing usage for e-commerce deliveries. Apart from offering drivers comfort, these components enable a higher loading capacity in vans, pickup trucks, and other LCVs.
The following vehicle types are covered in the report:
Non-electronically controlled is the larger category in the market. This is the majorly due to the cost-effective than electronically air suspension and this can make loading and unloading simpler when entering and leaving the vehicle. This is very helpful when transporting passengers, disabled individuals, or animals.
Electronically controlled air suspension will witness the higher CAGR, of 8%, during the forecast period. In order to give height references for all four corners of the vehicle, the electronically controlled air suspension additionally has height sensors that are based on measuring resistance in contact with the terrain. Further developments are starting to include Electronic Control Units (ECUs) that can fit beneath the floorboard of the car, expanding the use of air suspension in regular driving.
The primary trend in the global adoption of lightweight electronic air suspension systems in automobiles is the market for air suspension systems. Additionally, original equipment manufacturers (OEM) are being forced to create lightweight suspension systems due to strict emission control and fuel economy regulations in many nations.
Moreover, the improvement of the comfort and safety of the passengers of the vehicle has been the primary goal of technological breakthroughs in the global automotive air suspension market growth. The ride comfort and handling capabilities of the car are increased with an upgraded suspension system.
Sports suspensions occasionally include an air suspension system as well; however, air suspension is typically employed to provide a smooth and consistent driving quality. Similarly, in heavier vehicles, such as trucks, tractor-trailers, passenger buses, and even passenger trains, air suspension takes the place of a traditional steel spring suspension.
The report offers analysis on the following technologies:
Air springs hold the largest share, of 30%, in 2024 because they are the main component of this system, bearing the weight of the vehicle and absorbing shocks, jerks, and vibrations. How much they drop or rise depends on the load on the vehicle and the terrain it is driving on. Moreover, advanced air springs made of rubber reinforced with some sort of textile for weight reduction are making it into automobiles. This is why their growing adoption in light and heavy commercial vehicles drives the market in this category.
The ECU category will witness the fastest growth in the forecast period, primarily due to the integration of advanced technologies in automobiles. Electronic sensors and control units are an essential component of these vehicles, especially those with ADAS, self-driving, and connectivity features. In electronically controlled air suspensions, the ECU acts as the brain, sensing the road conditions and load, relaying the data to the main vehicle computer, and then adjusting the height of the suspension accordingly while in motion.
The components part of the research scope are listed below:
The Asia-Pacific region dominates the market in 2024 with USD 2.6 billion revenue. After the pandemic the region is growing majorly due to the resumption of the offices which eventually increase the demand. The customers are preferring towards the premium vehicle which includes superior components so as to get the high-quality rides from their cars, which has led OEMs to include air suspension systems more frequently in their designs. Demand for air suspension systems is only seen in the high-end passenger car market and in trucks and buses in the commercial vehicle category.
The majority of car ownership in this region is concentrated in China, India, Japan, and South Korea, which has an impact on the market. Due to its vast population and post-pandemic increase in demand for passenger cars, China is predicted to continue to be the region's largest market.
Production has nearly returned to pre-pandemic levels in the nation. India is anticipated to experience the fastest rate of growth in terms of value due to the rise in demand for passenger cars as the nation's economy recovers from the pandemic's effects.
Moreover, the focus on the technological advancements in automotive sector will propel the market growth due to the rising adoption of advanced technology systems. The manufacturers are focusing to make necessary modifications in the struts or shocks in order to have a smooth ride. For instance, there are various car models like Mercedes C-Class, Audi A6 All road, Volvo XC60 models have the air suspension which can make long journeys relaxing and comfortable.
The regulatory environment for the automotive sector is getting stricter and stricter. OEMs are required to produce cars with higher levels of driver safety and lower pollution levels. It necessitates the creation of lightweight suspension systems. Manufacturing and R&D costs for manufacturers are increased as a result.
Furthermore, consumers are getting more aware about vehicle safety and various countries are taking initiatives for the vehicle safety. India has announced standards and programs to regulate the safety of the driver.
Moreover, Germany is largest market in terms of electric vehicles in Europe. With the growth of the automotive industry will eventually fuel the vehicle suspension system worldwide. Moreover, manufacturers are focusing on the electric vehicles with the advanced suspension systems. The rapid growth in EVs adoption will propel the market automotive suspension systems.
Geographically, Europe is expected to have the fastest growth in the global automotive air suspension market during the forecast period, of 8.5%. This is attributed to the surging demand for comfortable public transit, which is likely to augment the market growth over the forecast period. Germany and France are the two major manufacturing hubs for the automotive giants in Europe.
North America will also witness significant growth over this decade and be dominated by the U.S. Major automotive OEMS are based in the nation, which additionally benefits from a substantial infrastructure support and the government's support for electric vehicles. In addition to these, the increasing propensity of young people for luxury and premium vehicles is predicted to present lucrative opportunities. This will further bolster the market towards the market.
The following regions and countries have been studied:
Want a report tailored exactly to your business need?
Request CustomizationWorking with P&S Intelligence and their team was an absolute pleasure – their awareness of timelines and commitment to value greatly contributed to our project's success. Eagerly anticipating future collaborations.
McKinsey & Company
IndiaOur insights into the minutest levels of the markets, including the latest trends and competitive landscape, give you all the answers you need to take your business to new heights
We take a cautious approach to protecting your personal and confidential information. Trust is the strongest bond that connects us and our clients, and trust we build by complying with all international and domestic data protection and privacy laws
Customize the Report to Align with Your Business Objectives
Request the Free Sample Pages