Automotive Air Suspension System Market Summary
As per Market Research Future Analysis, the Global Automotive Air Suspension System Market was valued at USD 18.51 billion in 2023 and is projected to grow to USD 26.99 billion by 2032, with a CAGR of 4.28% from 2024 to 2032. The growth is driven by increasing demand for commercial and luxury vehicles, alongside advancements in R&D among key players. The market is segmented by technology, with manual air suspension holding a 64.6% share in 2022, and by vehicle type, where heavy commercial vehicles contributed 45.05% to the revenue. The Asia-Pacific region dominated the market in 2022, supported by significant automotive sector growth in China, India, and Japan.
Key Market Trends & Highlights
Key trends influencing the Automotive Air Suspension System market include:
- Rising demand for lightweight air suspension systems to improve fuel efficiency and reduce CO2 emissions.
- Heavy commercial vehicles segment expected to drive growth due to increasing logistics and transportation needs.
- Asia-Pacific region projected to maintain the largest market share, driven by automotive sector expansion in China and India.
- Manual air suspension technology held a significant market share of 64.6% in 2022.
Market Size & Forecast
2023 Market Size: USD 18.51 Billion
2032 Market Size: USD 26.99 Billion
CAGR (2024-2032): 4.28%
Largest Regional Market Share in 2022: Asia-Pacific
Major Players
Major players include Continental AG, Hitachi, Ltd., Tuopu Group, Vibracoustic, Thyssenkrupp AG, ZF Friedrichshafen AG, and Tenneco Inc.
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, Market Research Future 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, Market Research Future 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, Market Research Future 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
- Shanghai Baolong Automotive Corporation
- Linyi Tianyi Shock Absorber Co., Ltd.
- Qingdao ATC Auto Parts Co., Ltd.
- Guangzhou GUOMAT Auto Parts Co., Ltd.
- Qingdao Manwo Vibration Technology Co., Ltd.
Automotive Air Suspension System Industry Developments
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Q2 2024: Continental Expands Air Suspension Production with New Facility in Mexico Continental AG announced the opening of a new manufacturing facility in Aguascalientes, Mexico, dedicated to producing air suspension systems for automotive OEMs, aiming to meet growing demand in North America.
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Q2 2024: ZF Friedrichshafen Wins Major Air Suspension Contract from Chinese EV Maker NIO ZF Friedrichshafen secured a multi-year contract to supply advanced air suspension modules for NIO’s next-generation electric SUVs, marking a significant expansion of ZF’s presence in the Chinese EV market.
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Q3 2024: Tesla Introduces Adaptive Air Suspension as Standard on 2025 Model S and X Tesla announced that its 2025 Model S and Model X vehicles will feature adaptive air suspension as standard equipment, enhancing ride comfort and vehicle handling for premium customers.
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Q2 2024: Hendrickson Launches Next-Gen Air Suspension System for Heavy-Duty Trucks Hendrickson unveiled its new UltraRide Pro air suspension system, designed to improve durability and ride quality for Class 8 trucks, with initial deliveries to major North American fleets scheduled for late 2024.
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Q1 2025: Mercedes-Benz Partners with Vibracoustic for Advanced Air Suspension in EQS SUV Mercedes-Benz announced a partnership with Vibracoustic to co-develop and supply advanced air suspension systems for the upcoming EQS SUV, focusing on improved efficiency and ride comfort for electric luxury vehicles.
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Q2 2025: Arnott Opens European Distribution Center for Aftermarket Air Suspension Parts Arnott, a leading aftermarket air suspension supplier, opened a new distribution center in the Netherlands to accelerate delivery of air suspension components to European customers.
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Q3 2024: Tenneco Secures OEM Supply Deal for Air Suspension Modules with Stellantis Tenneco announced a new OEM supply agreement to provide air suspension modules for select Stellantis SUV models, with production set to begin in early 2025.
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Q1 2025: Dunlop Systems and Components Launches Lightweight Air Suspension Platform Dunlop Systems and Components introduced a new lightweight air suspension platform aimed at electric and hybrid vehicles, targeting European and Asian automakers.
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Q2 2024: Fox Factory Acquires Air Suspension Specialist Air Lift Company Fox Factory Holding Corp. completed the acquisition of Air Lift Company, a leading manufacturer of air suspension products, to expand its portfolio in the automotive and specialty vehicle markets.
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Q2 2025: Mando Corporation Wins Contract to Supply Air Suspension Systems to Hyundai Genesis Mando Corporation announced it has been selected as the air suspension system supplier for the 2026 Hyundai Genesis G90, with production ramping up in late 2025.
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Q1 2025: Volkswagen Group Invests in New Air Suspension R&D Center in Germany Volkswagen Group announced a €120 million investment in a new research and development center focused on next-generation air suspension technologies for electric and autonomous vehicles.
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Q3 2024: WABCO (ZF) Launches Smart Air Suspension System for Commercial Fleets WABCO, a ZF company, introduced a smart air suspension system with predictive load adjustment and remote diagnostics, targeting large commercial vehicle fleets in Europe and North America.
Automotive Air Suspension System Market Segmentation
Automotive Air Suspension System Technology Outlook (USD Billion, 2018-2032)
- Electronic Air Suspension
Automotive Air Suspension System Component Outlook (USD Billion, 2018-2032)
Automotive Air Suspension System Vehicle Type Outlook (USD Billion, 2018-2032)
- Heavy Commercial Vehicles
Automotive Air Suspension System Regional Outlook
| Attribute/Metric |
Details |
| Market Size 2023 |
USD 18.51 Billion |
| Market Size 2024 |
USD 19.30 Billion |
| Market Size 2032 |
USD 26.99 Billion |
| Compound Annual Growth Rate (CAGR) |
4.28% (2024-2032) |
| Base Year |
2023 |
| Forecast Period |
2023-2032 |
| Historical Data |
2018-2022 |
| Forecast Units |
Value (USD Billion) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered |
Technology, Component, and Vehicle Type |
| Geographies Covered |
North America, Europe, Asia Pacific, Middle East & Africa, and South America |
| Countries Covered |
The U.S, Canada, Mexico, Germany, UK, Spain, Italy, China, Japan, India, Brazil, Argentina. |
| Key Companies Profiled |
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 |
| Key Market Opportunities |
· Rising demand for lightweight air suspension system |
| Key Market Dynamics |
· Increasing sales of commercial vehicles · Increase in demand for premium and luxury vehicles |
Automotive Air Suspension System Market Highlights:
Frequently Asked Questions (FAQ):
The market for Automotive Air Suspension System was held at USD 18.51 Billion in 2023
The market size for Automotive Air Suspension System is expected to be USD 26.99 Billion in 2032
The growth of Automotive Air Suspension System market is anticipated at CAGR 4.28% during 2024-2032.
Asia Pacific held the largest market share owing to the rise in the development of technological advancements and growing sales of commercial vehicles in recent years.
The key players in the Automotive Air Suspension System Market are 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
The Manual Air Suspension category dominated the market in 2023.
