Automotive Air Suspension System Market Research Report - Global Forecast to 2032

Automotive Air Suspension System Market Research Report Information By Technology (Manual Air Suspension and Electrical Air Suspension), By Component (Shock Absorber, Air Spring, Air Compressor, Air Reservoir, Height Sensor, Electric Control Unit, and Others), By Vehicle Type (Passenger Car, and Commercial Vehicle) And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2032

ID: MRFR/AM/3855-HCR | 100 Pages | Author: Sejal Akre | March 2024         

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Automotive Air Suspension System Market Overview:


The Automotive Air Suspension System market size was valued at USD 5.9 Billion in 2022. The automotive air suspension system industry is projected to grow from USD 6.25 Billion in 2023 to USD 9.97 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.00% during the forecast period (2023 - 2032). The rise in demand for high-end luxury automobiles, advancements in vehicle technologies and an increase in the sale of commercial vehicles are the key market drivers enhancing the market growth.


Automotive Air Suspension System Market 


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


Automotive Air Suspension System Market Trends


Increasing demand for lightweight air suspension systems is driving the market growth.


Market CAGR for automotive air suspension is driven by the increasing demand for lightweight air suspension systems. The trend of lightweight vehicles has assisted OEMs in decreasing CO2 emissions and enhancing fuel efficiency. A prominent step towards achieving this goal is decreasing the fuel utilization of vehicles equipped with air suspension systems. The chassis and suspension system include 22%-27% of the weight of a light-duty vehicle, such as the suspension, brakes, tires, steering, and wheels. Conventional suspension systems are usually serious, growing vehicle weight and fuel utilization. Suspension manufacturers are continually working to discover the correct mix of material composition to decrease the weight of the chassis and components without impacting their performance.


Additionally, the growing preference of consumers toward luxury SUVS equipped with advanced features and ride comfort is fueling the demand for these systems. These vehicles also incorporate advanced suspension technologies such as air suspension and adaptive damping systems, increasing the market for these high-end suspension systems and fueling the market growth. For instance, in September 2022, XPENG Inc. launched its 4th production of the model G9 flagship SUV in China. The G9 lineup comprises three series, each with a diverse driving range and six configurations. These are the RWD 570G, RWD 570E, and RWD 702E; the 4WD Performance 650E and 650X; and the Launch Edition 650X.


In addition, increased aftermarket demand for air suspension systems and associated components is anticipated to create significant potential for the growth and development of the automotive air suspension market. Various key players are investing a huge amount in R&D to stay competitive in the market. For instance, in May 2020, ZF Friedrichshafen AG finalized the acquisition of commercial vehicle technology supplier WABCO and achieved approval from all needed regulatory authorities.


Therefore, the increasing demand for luxury automobiles is accountable for the increased demand for air suspension systems. Customers demand vehicles that are high in luxury, comfort, and safety. The convenience of the automobile lies in the working of air suspension systems. Suspension systems reduce shocks/vibrations transmitted to the vehicle body from the road/terrain traveled to improve driver/passenger comfort and save the chassis and cargo. Distinctive arrangements cooperate with implementation measures such as energy consumption, vehicle ride, handling, size constraints, and load capacity. These factors are accountable for driving the automotive air suspension system market revenue.


Automotive Air Suspension System Market Segment Insights:


Automotive Air Suspension System Component Insights


The Automotive Air Suspension System market segmentation, based on components, includes shock absorbers, air springs, air compressors, air reservoirs, height sensors, electric control units, and others. The electric control units segment dominated the market, accounting for 35% of market revenue (2.19 Billion). In developing economies, category growth is driven by growing demand for electronically controlled air suspension technology for luxury automobiles and developed vehicles. However, the shock absorber is the fastest-growing category owing to the growing demand for higher ride comfort in specific applications, including cold storage facilities and delicate product delivery.


Automotive Air Suspension System Technology Insights


The Automotive Air Suspension System market segmentation, based on technology, includes manual air suspension and electrical air suspension. The electrical air suspension category generated the most income (70.4%). The electrical air suspension system is basically a computer-controlled system that can adjust the ride attributes and performance of the vehicle. However, manual air suspension is the fastest-growing category due to growing safety rules and laws made by governments.


Automotive Air Suspension System Technology Insights


The Automotive Air Suspension System market segmentation, based on vehicle type, includes passenger cars and commercial vehicles. The commercial vehicle category generated the most income due to the increasing adoption of pickup trucks and consolidated vans over heavy-duty trucks and trains for logistics. However, passenger car is the fastest-growing category due to the rising sales and production of passenger cars in developing economies.


Figure 1: Automotive Air Suspension System Market by Vehicle Type, 2022 & 2032 (USD Billion)


Automotive Air Suspension System Market by Vehicle Type, 2022 & 2032


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


Automotive Air Suspension System Regional Insights


By region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. The North American automotive air suspension system market will dominate, owing to the increased production rate of vehicles in this region. Major essential players in regions are concentrating on creating innovative technologies further to support the trend of electrification in the automotive industry. Further, the US automotive air suspension system market held the largest market share, and the Canadian automotive air suspension system market was the fastest-growing market in the North American region.


Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.


Figure 2: Automotive Air Suspension System Market Share By Region 2022 (USD Billion)


Automotive Air Suspension System Market Share By Region 2022


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


Europe's automotive air suspension system market accounts for the second-largest market share due to the increasing demand for unique advanced vehicles, especially SUVs and trucks, which tend to have larger, more developed suspension systems. Further, the German automotive air suspension system market held the largest market share, and the UK automotive air suspension system market was the fastest-growing market in the European region.


The Asia-Pacific automotive air suspension system market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to the growing demand for electric vehicles and connected cars is driving the requirement for developed suspension systems. Moreover, China’s automotive air suspension system market held the largest market share, and the Indian automotive air suspension system market was the fastest-growing market in the Asia-Pacific region.


Automotive Air Suspension System Key Market Players & Competitive Insights


Leading market players are investing heavily in research and development to expand their product lines, which will help the automotive air suspension system market grow even more. Market participants are also undertaking various strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the automotive air suspension system industry must offer cost-effective items.


Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the Automotive Air Suspension System industry to benefit clients and increase the market sector. Major players in the automotive air suspension system market, including Continental AG, ThyssenKrupp AG, Hitachi, Ltd., WABCO, Firestone Industrial Products Company, LLC, Hendrickson USA, LLC, Mando Corp, and others, are attempting to increase market demand by investing in research and development operations.


Continental AG is an automotive firm that manufactures and markets brake systems, systems and components for powertrains and chassis, vehicle electronics, instrumentation, infotainment solutions, tires, and technical elastomers. The company also offers customer tire and tire replacement solutions, from passenger cars via buses, trucks, and construction site vehicles to special automobiles, bicycles, and motorcycles. Continental markets its offerings under Elektrobit, VDO, Uniroyal, Phoenix, Matador, and other brands. In September 2020, Continental AG designed sensors for vehicles with air suspension, which utilize ultrasound to calculate the height and force of air springs to establish the axle's load condition. A height sensor also has been created for shock absorbers for vehicles without air suspension. The suspension travel of the shock absorber delivers information on the load condition of the individual axle.


KYB Corporation is a manufacturer and marketer of automotive components and other industrial equipment. The company's product portfolio includes railroad equipment, industrial machinery and vehicles, construction and agriculture machinery, aircraft components, special-purpose vehicles, sports and social welfare products, testers, vibration control devices, and marine components. Its offerings include system products and electronic components, which contain simulators, tunnel boring machines, stage control systems, and mobile communication devices; hydraulic equipment, including actuators, vane pumps, stay dampers, cylinders and dampers for aircraft, industrial service and automobiles; and shock absorbers. In April 2021, KYB Corporation extended the KADS application, an electronically controlled snowmobile suspension system. The electronic suspension system combines core control and hydraulic technologies. The developed system also includes attitude control technology that improves the vehicle handling of snowmobiles.


Key Companies in the Automotive Air Suspension System market include



  • Continental Ag (Germany),

  • Hitachi, Ltd. (Japan),

  • ThyssenKrupp Ag (Germany),

  • Wabco Holdings Inc. (Belgium),

  • Dunlop Systems Components Ltd. (UK),

  • Accuair Suspension (California),

  • Firestone Industrial Products (US),

  • Hendrickson International Corporation (US),

  • Beijing West Industries Co., Ltd. (China),

  • Mando Corporation (South Korea),

  • ZF Friedrichshafen (Germany),

  • LORD Corporation (US),

  • Volvo (Sweden),

  • Air Lift Company (Michigan),

  • VB-Air suspension (Netherlands)


Automotive Air Suspension System Industry Developments


November 2022: AB Dynamics established SPMM, a next-generation Kinematics and Compliance test equipment designed to be an essential tool for OEMs transitioning to virtual testing and validation. It allows automotive OEMs to speed the creation and testing of a vehicle's suspension system by correctly detecting and considering suspension movement while subjecting it to a faithful recreation of on-road automobile behavior.


May 2021: Bridgestone extended its plant in Williamsburg, Kentucky. It created an investment of US$ 51 Million in Firestone Industrial Products. This was started to cater to the need for air suspension systems across EVs or electric automobiles.


Automotive Air Suspension System Market Segmentation:


Automotive Air Suspension System Product Outlook



  • Parking

  • Fog Light Front

  • Fog Light Rear

  • Stop Light

  • Side Signals/Warning Signals

  • Head Lamp

  • Brake/Tail Light

  • License/Number Plate

  • Panel Lights


 Automotive Air Suspension System Vehicle Type Outlook



  • Passenger Cars

  • Commercial Vehicles


Automotive Air Suspension System Technology Outlook



  • Halogen

  • Xenon

  • LED

  • Others


 Automotive Air Suspension System Regional Outlook



  • North America

    • US

    • Canada



  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe



  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Australia

    • Rest of Asia-Pacific



  • Rest of the World

    • Middle East

    • Africa

    • Latin America



Report Scope:

Report Attribute/Metric Details
Market Size 2022 USD 5.9 Billion
Market Size 2023 USD 6.25 Billion
Market Size 2032 USD 9.97 Billion
Compound Annual Growth Rate (CAGR) 6.00% (2023-2032)
Base Year 2022
Market Forecast Period 2023-2032
Historical Data 2018- 2022
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Vehicle Type, Product, Technology and Region
Geographies Covered North America, Europe, Asia Pacific, and the Rest of the World
Countries Covered The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled Continental Ag (Germany), Hitachi, Ltd. (Japan), ThyssenKrupp Ag (Germany), Wabco Holdings Inc. (Belgium), Dunlop Systems And Components Ltd. (UK), Accuair Suspension (California), and Firestone Industrial Products (US.)
Key Market Opportunities Increased aftermarket demand for automotive air suspension
Key Market Dynamics Rise in demand for high-end luxury automobiles




Frequently Asked Questions (FAQ) :

The Automotive Air Suspension System market size was valued at USD 5.9 Billion in 2022.

The global market is projected to grow at a CAGR of 6.00% during the forecast period, 2023-2032.

The key players in the market are Continental Ag (Germany), Hitachi, Ltd. (Japan), ThyssenKrupp Ag (Germany), Wabco Holdings Inc. (Belgium), Dunlop Systems And Components Ltd. (UK), Accuair Suspension (California), and Firestone Industrial Products (US).

The electric control unit category dominated the market in 2022.

The commercial vehicle had the largest share of the global market.

Electrical air suspension had the largest share of the global market.

Key Questions Answered

  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players’ financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
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