Air Suspension Market 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 Geography, Segment revenue estimation, Forecast, 2024-2032.

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.

 

 

Air Suspension 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

 

Segment Analysis for the Air Suspension Market

By Vehicle Type:

Leading Segment: Passenger Cars

Passenger cars dominate the air suspension market, holding over 60% of the market share. The increasing demand for luxury & premium vehicles, especially in developed markets like Europe & North America, is a key driver. Air suspension systems are widely used in high-end passenger cars, such as BMW 7-Series and Mercedes-Benz S-Class, to enhance ride comfort and stability. This segment is expected to grow at a steady CAGR of 7% due to rising consumer preference for comfortable & feature-rich vehicles.

Fastest-Growing Segment: Commercial Vehicles

Commercial vehicles are growing at a faster CAGR of 8.5%, driven by the need for better load handling & enhanced safety in heavy-duty trucks & buses. Air suspension systems improve vehicle stability under heavy loads, making them essential for logistics & public transportation. Volvo & Scania integrate advanced air suspension systems in their trucks to ensure optimal performance & driver comfort.

 

By Technology:

Leading Segment: Electronic Air Suspension (EAS)

Electronic air suspension accounts for approximately 65% of the market, due to its ability to provide real-time adjustments & superior ride quality. This technology is extensively used in luxury SUVs & high-performance vehicles, such as the Range Rover & Audi Q7, which feature adaptive suspension systems for varying road conditions. EAS is projected to grow at a CAGR of 9% as manufacturers increasingly adopt smart technologies for enhanced vehicle dynamics.

Fastest-Growing Segment: Manual Air Suspension

Manual air suspension is witnessing moderate growth at a CAGR of 6% due to its application in cost-sensitive markets & aftermarket installations. It remains popular in commercial vehicles where cost-efficiency is a priority, especially in developing regions like APAC & Latin America.

 

By Component:

Leading Segment: Shock Absorbers

Shock absorbers are the largest component segment, contributing over 30% of the market share. These components play a crucial role in ensuring ride comfort and stability by absorbing road shocks. Companies like KYB & Tenneco are major suppliers of air suspension shock absorbers, which are extensively used in passenger cars & commercial vehicles.

Fastest-Growing Segment: Air Compressors

Air compressors are growing at a CAGR of 10%, driven by their importance in regulating air pressure in suspension systems. As vehicles increasingly adopt electronic air suspension, demand for advanced air compressors that enable seamless performance & energy efficiency is surging. WABCO offers high-performance air compressors integrated with energy-saving technologies for both OEMs & the aftermarket.

 

By End-User:

Leading Segment: OEMs (Original Equipment Manufacturers)

The OEM segment holds a commanding 70% market share, driven by the integration of air suspension systems during vehicle manufacturing. Automakers like BMW, Audi & Volvo are key contributors to this segment, with OEMs focusing on offering factory-installed air suspension as a premium feature. This segment is expected to maintain steady growth at a CAGR of 8% as automakers expand their luxury and electric vehicle lineups.

Fastest-Growing Segment: Aftermarket

The aftermarket segment is expanding at a CAGR of 9%, fueled by increasing retrofitting of air suspension systems in older vehicles. Demand for aftermarket air suspension components is particularly strong in regions like APAC, where vehicle owners seek cost-effective upgrades to enhance comfort & performance. Companies like Arnott & Firestone are leading providers of aftermarket air suspension kits globally.

 

By Region:

Leading Region: Europe

Europe accounts for over 35% of the market share due to the presence of leading automakers and the high adoption of luxury vehicles. Germany, in particular, leads the region with significant investments in advanced suspension technologies by companies such as Continental AG and ZF Friedrichshafen. The market in Europe is projected to expand at a steady CAGR of 7.5%, supported by stringent regulations for vehicle safety & comfort.

Fastest-Growing Region: Asia Pacific

Asia Pacific is the fastest-growing region with a CAGR of 10%, driven by the rising demand for commercial vehicles & the growing automotive market in countries like China and India. Government investments in infrastructure and logistics are further boosting demand for air suspension in commercial vehicles. For example, Tata Motors and Ashok Leyland are integrating air suspension systems in their trucks and buses to meet growing customer demands for better ride quality.

 

Air Suspension Market Key Players

• Continental AG

• WABCO Holdings Inc. (Now a part of ZF Friedrichshafen AG)

• Gabriel India Ltd.

• Air Lift Company

• BWI Group

• Ride Control, LLC (Part of Tenneco Inc.)

• Dunlop Systems and Components

• Hitachi Automotive Systems, Ltd. (Now Hitachi Astemo)

• Tenneco Inc.

• Firestone Industrial Products

 

Air Suspension Market Report Coverage

Report Attribute	Details
Forecast Period	2023 – 2030
Market Size Value in 2023	USD 7.5 billion
Revenue Forecast in 2030	USD 12.17 billion
Overall Growth Rate	CAGR of 6.2%
Base Year for Estimation	2022
Historical Data	2017 – 2021
Unit	USD Billion, CAGR (2023 - 2030)
Segmentation	By Vehicle Type, By Technology, By Component, By End-user, By Region
By Vehicle Type	Passenger Cars, Commercial Vehicles
By Technology	Manual, Electronic
By Component	Shock Absorbers, Air Springs, Height Sensors
By End-user	OEM, Aftermarket
By Region	North America, Europe, Asia-Pacific, LAMEA
Country Scope	US, Canada, Mexico, UK, Germany, France, China, Japan, India, South Korea, Australia, etc.
Pricing and Purchase Options	Avail customized purchase options to meet your exact research needs.