HOME Top Market Reports Air Suspension Market by Vehicle Type (PC, LCV, Truck & Bus), Component (Air Spring, Shock Absorber, Air Compressor, ECU, Air Reservoir & Height Sensors), Technology (Electronically & Non-Electronically Controlled), & by Region - Global Forecast to 2021

Air Suspension Market by Vehicle Type (PC, LCV, Truck & Bus), Component (Air Spring, Shock Absorber, Air Compressor, ECU, Air Reservoir & Height Sensors), Technology (Electronically & Non-Electronically Controlled), & by Region - Global Forecast to 2021

By: marketsandmarkets.com
Publishing Date: July 2016
Report Code: AT 4470

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The air suspension market is projected to grow USD 3.26 Billion in 2016 to USD 4.69 Billion by 2021, at a CAGR of 7.54%. Market growth is primarily driven by growing concern for comfort and luxury. The objective of the study is to analyze and forecast the market for passenger cars, light commercial vehicle, trucks and buses. This report also segments the market by components, namely, air spring, shock absorber, air compressor, electric control unit, air reservoir and height sensor. The market is also segmented by technology which includes electronically controlled air suspension system and non-electronically controlled air suspension system. The non-electronically controlled air suspension segment holds the largest market share in 2016.

Years considered for the study are:

2015- Base Year
2016- Estimated Year
2021- Projected Year

The research methodology used in the report involves primary and secondary sources. Secondary sources include paid databases and directories. In the primary research stage, experts from related industries, manufacturers and suppliers have been interviewed to understand the present situation and future trends of the global market. The air suspension market size, in terms of volume (thousand units and million units) and value (USD million and billion), for various regions and product applications has been derived using forecasting techniques based on automobile demand and production trends. The OEM prices of air suspension systems and components have been verified through primary sources.

The figure below illustrates the break-up of the profile of industry experts who participated in primary discussions.

Air Suspension Market

To know about the assumptions considered for the study, download the pdf brochure

The air suspension market ecosystem comprises various air suspension system and component manufacturers such as Continental AG (Germany), ThyssenKrupp AG (Germany), Wabco Holding Inc. (Belgium), Hendrickson International Corporation (U.S.), Dunlop Systems and Components (U.K.) and Hitachi Ltd. (Japan).These manufacturers supply components to numerous vehicle manufacturers, which include BMW AG (Germany), Daimler AG, (Germany), Fiat Chrysler Automobiles (Italy) and Volvo (Sweden). The ecosystem also includes regional automotive associations such as the International Organization of Motor Vehicle Manufacturers (OICA), Society of Indian Automotive Manufacturers (SIAM), Japan Automotive Manufacturers Association (JAMA), and European Automobile Manufacturers Association (ACEA).

Target Audience

  • Raw material suppliers to air suspension component manufacturers
  • Manufacturers of air suspension systems
  • Traders, distributors, and suppliers of air suspension components
  • Automobile industry as end user
  • Industry associations

“Study answers several questions for the stakeholders, primarily which market segments to focus in next two to five years for prioritizing the efforts and investments”.

Scope of the Report

The scope of this market is as follows:

  • By Technology
    • Electronically Controlled Air Suspension System
    • Non-Electronically Controlled Air Suspension System
  • By Component
    • Air Springs
    • Shock Absorbers
    • Air Reservoir
    • Air Compressor
    • Electric Control Unit
    • Height Sensors
  • By Vehicle Type
    • Passenger Cars
    • LCVs
    • Trucks
    • Buses
  • By Region
    • Asia-Oceania
    • North America
    • Europe
    • Rest of the World

The regional segmentation has been considered based on market trends in each of the above-mentioned segments.

Available Customizations

MarketsandMarkets offers the following customizations for this market:

  • Global Market, By Technology And Vehicle Type
    • Electronically controlled air suspension
    • Non- Electronically controlled air suspension

    *Following vehicle type will be considered for the above mentioned segment, Passenger Cars, LCV, Trucks, & Buses

  • Global Market, By Component and Vehicle Type
    • Air Spring
    • Shock Absorber
    • Air Compressor
    • ECU
    • Height Sensors
    • Air Reservoir

    *Following vehicle type will be considered for the above mentioned segment, Passenger Cars, LCV, Trucks, & Buses

Table of Contents

1 Introduction
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
    1.4 Years Considered in the Report
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology
    2.1 Research Data
    2.2 Secondary Data
           2.2.1 Key Secondary Sources
           2.2.2 Key Data From Secondary Sources
    2.3 Primary Data
           2.3.1 Sampling Techniques & Data Collection Methods
           2.3.2 Primary Participants
    2.4 Factor Analysis
           2.4.1 Introduction
           2.4.2 Demand-Side Analysis
                    2.4.2.1 Impact of Disposable Income on Total Vehicle Sales
                    2.4.2.2 Infrastructure: Roadways
                    2.4.2.3 Increasing Vehicle Production in Developing Countries
           2.4.3 Supply-Side Analysis
           2.4.4 Technological Advancements
    2.5 Market Estimation
           2.5.1 Bottom-Up Approach
           2.5.2 Top-Down Approach
           2.5.3 Market Breakdown & Data Triangulation
           2.5.4 Assumptions
                    2.5.4.1 Average Number of Components Employed in A Motor Vehicle

3 Executive Summary
    3.1 Air Suspension Market, By Region
    3.2 Market, By Technology
    3.3 Market, By Component
    3.4 Market -Growth Trends
    3.5 Market, By Vehicle Type

4 Premium Insights
    4.1 Introduction
    4.2 Emerging Opportunities in the Air Suspension Market
    4.3 Air Suspension Market Growth (Value), By Country
    4.4 Air Suspension Marketsize, By Technology (USD Million)
    4.5 Market Size, By Component (Million)
    4.6 Market Growth, By Region (USD Million)
    4.7 Life Cycle Analysis

5 Market Overview
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 By Region
           5.2.2 By Vehicle Type
           5.2.3 By Technology
           5.2.4 By Component
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Increasing Demand for Luxury Buses
                    5.3.1.2 Increasing Demand for Luxury & Comfort
           5.3.2 Restraints
                    5.3.2.1 High Development & Adoption Cost of Advanced Suspension Systems
                    5.3.2.2 Component Failure
           5.3.3 Opportunities
                    5.3.3.1 Increasing Demand for Lightweight Air Suspension Systems
                    5.3.3.2 Regenerative Air Dryer in Electronically Controlled Air Suspension System
                    5.3.3.3 Advance Electronically Controlled Air Suspension
           5.3.4 Challenges
                    5.3.4.1 Maintaining A Balance Between the Cost & Quality of Advanced Technology
    5.4 Porter’s Five Forces Analysis
           5.4.1 Competitive Rivalry
           5.4.2 Threat of New Entrants
           5.4.3 Threat of Substitutes
           5.4.4 Bargaining Power of Suppliers
           5.4.5 Bargaining Power of Buyers
    5.5 Supply Chain

6 Air Suspension Market, By Region
    6.1 Introduction
           6.1.1 Asia-Oceania
                    6.1.1.1 China: Air Suspension Market Size, By Vehicle Type
                    6.1.1.2 India: Market Size, By Vehicle Type
                    6.1.1.3 Japan: Market Size, By Vehicle Type
                    6.1.1.4 South Korea: Market Size, By Vehicle Type
                    6.1.1.5 Rest of Asia-Oceania: Market Size, By Vehicle Type
           6.1.2 Europe
                    6.1.2.1 Germany: Air Suspension Market Size, By Vehicle Type
                    6.1.2.2 France: Market Size, By Vehicle Type
                    6.1.2.3 U.K.: Market Size, By Vehicle Type
                    6.1.2.4 Rest of Europe: Market Size, By Vehicle Type
           6.1.3 North America
                    6.1.3.1 U.S.: Air Suspension Market Size, By Vehicle Type
                    6.1.3.2 Mexico: Market Size, By Vehicle Type
                    6.1.3.3 Canada: Market Size, By Vehicle Type
           6.1.4 Rest of the World
                    6.1.4.1 Brazil: Air Suspension Market Size, By Vehicle Type
                    6.1.4.2 Russia: Market Size, By Vehicle Type
                    6.1.4.3 RoW Others Air Suspension Market Size, By Vehicle Type

7 Air Suspension Market, By Component
    7.1 Introduction
    7.2 Air Spring Market, By Region
    7.3 Shock Absorber Market, By Region
    7.4 Air Compressor Market, By Region
    7.5 Electronic Control Module Market, By Region
    7.6 Air Reservoir Market, By Region
    7.7 Height Sensor Market, By Region

8 Air Suspension Market, By Technology
    8.1 Introduction
    8.2 Electronically Controlled Air Suspension Market, By Region
    8.3 Non-Electronically Controlled Air Suspension Market, By Region

9 Company Profiles
    9.1 Introduction
    9.2 Continental AG
           9.2.1 Business Overview
           9.2.2 Products Offered
           9.2.3 Recent Developments
           9.2.4 SWOT Analysis
           9.2.5 MnM View
    9.3 Thyssenkrupp AG
           9.3.1 Business Overview
           9.3.2 Products Offered
           9.3.3 Recent Developments
           9.3.4 SWOT Analysis
           9.3.5 MnM View
    9.4 Wabco Holdings Inc.
           9.4.1 Business Overview
           9.4.2 Products Offered
           9.4.3 Recent Developments
           9.4.4 SWOT Analysis
           9.4.5 MnM View
    9.5 Hendrickson International Corporation
           9.5.1 Business Overview
           9.5.2 Products Offered
           9.5.3 Recent Developments
           9.5.4 SWOT Analysis
           9.5.5 MnM View
    9.6 Dunlop Systems and Components
           9.6.1 Business Overview
           9.6.2 Products Offered
           9.6.3 Recent Developments
           9.6.4 SWOT Analysis
           9.6.5 MnM View
    9.7 Hitachi Ltd.
           9.7.1 Business Overview
           9.7.2 Products Offered
           9.7.3 Recent Developments
           9.7.4 SWOT Analysis
           9.7.5 MnM View
    9.8 Mando Corporation
           9.8.1 Business Overview
           9.8.2 Products Offered
           9.8.3 Recent Developments
    9.9 BWI Group
           9.9.1 Business Overview
           9.9.2 Products Offered
           9.9.3 Recent Developments
    9.10 Accuair Suspension
           9.10.1 Business Overview
           9.10.2 Products Offered
    9.11 Firestone Industrial Products
           9.11.1 Business Overview
           9.11.2 Products Offered
           9.11.3 Recent Developments

10 Competitive Landscape
     10.1 Competitive Situation & Trends
     10.2 New Product Development
     10.3 Expansions
     10.4 Agreements/Joint Ventures/Supply Contracts/Partnerships
     10.5 Mergers & Acquisitions

11 Appendix
     11.1 Insights of Industry Experts
     11.2 Discussion Guide
     11.3 Available Customizations
             11.3.1 Air Suspension Market, By Technology, By Vehicle Type
                        11.3.1.1 Electronically Controlled Air Suspension System Market
                                     11.3.1.1.1 Passenger Cars
                                     11.3.1.1.2 LCV
                                     11.3.1.1.3 Trucks
                                     11.3.1.1.4 Buses
                        11.3.1.2 Non-Electronically Controlled Air Suspension System Market
                                     11.3.1.2.1 Passenger Cars
                                     11.3.1.2.2 LCV
                                     11.3.1.2.3 Trucks
                                     11.3.1.2.4 Buses
             11.3.2 Air Suspension Component Market, By Vehicle Type
                        11.3.2.1 Passenger Cars
                        11.3.2.2 LCV
                        11.3.2.3 Trucks
                        11.3.2.4 Buses


List of Tables (70 Tables)

Table 1 Automotive Air Suspension Systems: By System Type
Table 2 Air Suspension System Components Considered for the Study
Table 3 Luxury Passenger Car Sales of Key Manufacturers in China, India, Germany & U.K., 2014–2015
Table 4 Porter’s Five Forces Analysis
Table 5 Air Suspension Market Size, By Region, 2014–2021 (‘000 Units)
Table 6 Market Size, By Region, 2014–2021 (USD Million)
Table 7 Market Size, By Vehicle Type, 2014–2021 (‘000 Units)
Table 8 Market Size, By Vehicle Type, 2014–2021 (USD Million)
Table 9 Asia-Oceania: Air Suspension Market Size, By Vehicle Type, 2014–2021 (‘000 Units)
Table 10 Asia-Oceania: Air Suspension Market Size, By Vehicle Type, 2014–2021 (USD Million)
Table 11 China: Air Suspension Market Size, By Vehicle Type, 2014–2021 (‘000 Units)
Table 12 China: Market Size, By Vehicle Type, 2014–2021 (USD Million)
Table 13 India: Air Suspension Market Size, By Vehicle Type, 2014–2021 (‘000 Units)
Table 14 India: Market Size, By Vehicle Type, 2014–2021 (USD Million)
Table 15 Japan: Air Suspension Market Size, By Vehicle Type, 2014–2021 (‘000 Units)
Table 16 Japan: Market Size, By Vehicle Type, 2014–2021 (USD Million)
Table 17 South Korea: Air Suspension Market Size, By Vehicle Type, 2014–2021 (‘000 Units)
Table 18 South Korea: Market Size, By Vehicle Type, 2014–2021 (USD Million)
Table 19 Rest of Asia-Oceania: Air Suspension Market Size, By Vehicle Type, 2014–2021 (‘000 Units)
Table 20 Rest of Asia-Oceania: Market Size, By Vehicle Type, 2014–2021 (USD Million)
Table 21 Europe: Air Suspension Market Size, By Vehicle Type, 2014–2021 (‘000 Units)
Table 22 Europe: Market Size, By Vehicle Type, 2014–2021 (USD Million)
Table 23 Germany: Air Suspension Market Size, By Vehicle Type, 2014–2021 (‘000 Units)
Table 24 Germany: Market Size, By Vehicle Type, 2014–2021 (USD Million)
Table 25 France: Air Suspension Market Size, By Vehicle Type, 2014–2021 (‘000 Units)
Table 26 France: Market Size, By Vehicle Type, 2014–2021 (USD Million)
Table 27 U.K.: Air Suspension Market Size, By Vehicle Type, 2014–2021 (‘000 Units)
Table 28 U.K.: Market Size, By Vehicle Type, 2014–2021 (USD Million)
Table 29 Rest of Europe: Air Suspension Market Size, By Vehicle Type, 2014–2021 (‘000 Units)
Table 30 Rest of Europe: Market Size, By Vehicle Type, 2014–2021 (USD Million)
Table 31 North America: Air Suspension Market Size, By Vehicle Type, 2014–2021 (‘000 Units)
Table 32 North America: Market Size, By Vehicle Type, 2014–2021 (USD Million)
Table 33 U.S.: Air Suspension Market Size, By Vehicle Type, 2014–2021 (‘000 Units)
Table 34 U.S.: Market Size, By Vehicle Type, 2014–2021 (USD Million)
Table 35 Mexico: Air Suspension Market Size, By Vehicle Type, 2014–2021 (‘000 Units)
Table 36 Mexico: Market Size, By Vehicle Type, 2014–2021 (USD Million)
Table 37 Canada: Air Suspension Market Size, By Vehicle Type, 2014–2021 (‘000 Units)
Table 38 Canada: Market Size, By Vehicle Type, 2014–2021 (USD Million)
Table 39 Rest of the World: Air Suspension Market Size, By Vehicle Type, 2014–2021 (‘000 Units)
Table 40 Rest of the World: Market Size, By Vehicle Type, 2014–2021 (USD Million)
Table 41 Brazil: Air Suspension Market Size, By Vehicle Type, 2014–2021 (‘000 Units)
Table 42 Brazil: Market Size, By Vehicle Type, 2014–2021 (USD Million)
Table 43 Russia: Air Suspension Market Size, By Vehicle Type, 2014–2021 (‘000 Units)
Table 44 Russia: Market Size, By Vehicle Type, 2014–2021 (USD Million)
Table 45 Others: Air Suspension Market Size, By Vehicle Type, 2014–2021 (‘000 Units)
Table 46 Others: Market Size, By Vehicle Type, 2014–2021 (USD Million)
Table 47 Air Suspension Market Size, By Component, 2014–2021 (‘000 Units)
Table 48 Market Size, By Component, 2014–2021 (USD Million)
Table 49 Air Spring: Air Suspension Market, By Region, 2014–2021 (‘000 Units)
Table 50 Air Spring: Market, By Region, 2014–2021 (USD Million)
Table 51 Shock Absorber: Air Suspension Market, By Region, 2014–2021 (‘000 Units)
Table 52 Shock Absorber: Market, By Component, 2014–2021 (USD Million)
Table 53 Air Compressor: Air Suspension Market, By Region, 2014–2021 (‘000 Units)
Table 54 Air Compressor: Market, By Region, 2014–2021 (USD Million)
Table 55 Electronic Control Module: Air Suspension Market, By Region, 2014–2021 (‘000 Units)
Table 56 Electronic Control Module: Market, By Region, 2014–2021 (USD Million)
Table 57 Air Reservoir: Air Suspension Market, By Region, 2014–2021 (‘000 Units)
Table 58 Air Reservoir: Market, By Component, 2014–2021 (USD Million)
Table 59 Height Sensor: Air Suspension Market, By Component, 2014–2021 (‘000 Units)
Table 60 Height Sensor: Market, By Component, 2014–2021 (USD Million)
Table 61 Air Suspension Market Size, By Technology, 2014–2021 (‘000 Units)
Table 62 Market Size, By Technology, 2014–2021 (USD Million)
Table 63 Electronically Controlled: Air Suspension Market Size, By Region, 2014–2021 (‘000 Units)
Table 64 Electronically Controlled: Market Size, By Region, 2014–2021 (USD Million)
Table 65 Non-Electronically Controlled: Air Suspension Market Size, By Region, 2014–2021 (‘000 Units)
Table 66 Non-Electronically Controlled: Market Size, By Region, 2014–2021 (USD Million)
Table 67 New Product Development, 2014–2016
Table 68 Expansions, 2015
Table 69 Agreements/Joint Ventures/Supply Contracts/Partnerships, 2013–2015
Table 70 Mergers & Acquisitions, 2014–2015


List of Figures (63 Figures)

Figure 1 Market Segmentation
Figure 2  Research Design
Figure 3 Research Methodology Model
Figure 4 Breakdown of Primary Interviews: By Company Type, Designation, & Region
Figure 5 Impact of Disposable Income on Vehicle Sales, 2014
Figure 6 Roadways Infrastructure: Road Network (Km), By Country, 2011
Figure 7 Vehicle Production, 2010–2015 (‘000 Units)
Figure 8 Market Size Estimation Methodology: Bottom-Up Approach
Figure 9 Market Size Estimation Methodology: Top-Down Approach
Figure 10 Data Triangulation
Figure 11 The European Air Suspension Market is Estimated to Hold the Largest Size (Value) in 2016
Figure 12 Non-Electronically Controlled Air Suspension System Segment is Estimated to Hold the Largest Market Size (Value) in 2016
Figure 13 Air Spring Component is Estimated to Hold the Largest Market Size During the Forecast Period
Figure 14 Asia-Oceania Projected to Be the Fastest Growing Market (By Value) During the Forecast Period
Figure 15 Passenger Cars & Buses Segments Projected to Be the Fastest Growing Markets (By Value)During the Forecast Period
Figure 16 Attractive Market Opportunities in this Market
Figure 17 India, South Korea, & Canada are Expected to Be the Fastest Growing Markets for Automotive Air Suspension, 2016–2021
Figure 18 Air Suspension Market Size, By Technology, 2016 (USD Million)
Figure 19 Market Size, By Component, 2016 vs 2021 (USD Million)
Figure 20 Market Size, By Region, 2016 vs 2021 (USD Million)
Figure 21 Life Cycle Analysis, Air Suspension Market, By Vehicle Type, 2016
Figure 22 Market Dynamics
Figure 23 Global Bus Production, 2013–2021 (’000 Units)
Figure 24 Weight Reduction Targets for Systems of Light-Duty Internal Combustion Engine Vehicles (2020–2050) in the U.S.
Figure 25 Porter’s Five Forces Analysis: Air Suspension System Market
Figure 26 Intensity of Competitive Rivalry in the Automotive Air Suspension System Market is Considered Medium
Figure 27 Few Players in the Market Lead to A Medium Degree of Competition in the Global Market
Figure 28 Presence of Well-Established Players to Have the Highest Impact on New Entrants
Figure 29 Technological Advancements & Switching Cost Make the Threat of Substitutes Medium
Figure 30 Large Customer Base & Product Differentiation Make the Bargaining Power of Suppliers Medium
Figure 31 Buyer’s Bargaining Power is Rated Low as Most Buyers are Unable to Integrate Backwards
Figure 32 Air Suspension Market: Supply Chain
Figure 33 Region-Wise Snapshot of the Air Suspension Market, By Volume, (2016): Rapidly Growing Markets are Emerging as New Hotspots
Figure 34 China is Expected to Record the Largest Market Size, 2016
Figure 35 China is the Largest Air Suspension Market in Asia-Oceania (2016)
Figure 36 Germany is the Largest Air Suspension Market in Europe (2016)
Figure 37 U.S. is Expected to Be the Fastest Growing Air Suspension Market in North America, By Value, 2016–2021
Figure 38 Brazil Holds the Largest Share in the Rest of the World Automotive Air Suspension System Market, 2016
Figure 39 Air Suspension Market Size, By Component (USD Million), 2016–2021
Figure 40 Non-Electronically Controlled Air Suspension Market is Estimated to Have the Highest Market Size, 2016–2021, By Volume (Million Units)
Figure 41 Europe is the Largest Market for Electronically Controlled Air Suspension , 2016–2021
Figure 42 Asia-Oceania is the Largest Market for Non-Electronically Controlled Air Suspension, 2016–2021, By Volume (‘000 Units)
Figure 43 Region-Wise Revenue Mix of Top Four Players
Figure 44 Continental AG: Company Snapshot
Figure 45 SWOT Analysis: Continental AG
Figure 46 Thyssenkrupp AG: Company Snapshot
Figure 47 SWOT Analysis: Thyssenkrupp AG
Figure 48 Wabco Holdings Inc.: Company Snapshot
Figure 49 SWOT Analysis: Wabco Holdings Inc.
Figure 50 Hendrickson International Corporation: Company Snapshot
Figure 51 SWOT Analysis: Hendrickson International Corporation
Figure 52 Dunlop Systems and Components: Company Snapshot
Figure 53 SWOT Analysis: Dunlop Systems and Components
Figure 54 Hitachi Ltd. : Company Snapshot
Figure 55 SWOT Analysis: Hitachi Ltd
Figure 56 Mando Corporation: Company Snapshot
Figure 57 BWI Group: Company Snapshot
Figure 58 Accuair Suspension: Company Snapshot
Figure 59 Firestone Industrial Products: Company Snapshot
Figure 60 Companies Adopted New Product Development as the Key Growth Strategy From 2012 to 2016
Figure 61 Wabco Holdings Inc. (Belgium) Registered the Highest Growth Rate From 2012 to 2015
Figure 62 Market Evaluation Framework: New Product Development Fuelled the Demand for Air Suspension Market From 2013 to 2016
Figure 63 Battle for Market Share: New Product Development Was the Key Strategy

The air suspension market is projected to grow USD 3.26 Billion in 2016 to USD 4.69 Billion by 2021, at a CAGR of 7.54%. The market is primarily driven by the increasing demand for luxury buses for long distance travel and growing significance of comfort and luxury among car buyers.

The passenger car segment is the fastest growing segment globally, in terms of both value and volume, whereas the heavy commercial vehicle segment is the promising market for air suspension systems in the near future. The increasing awareness about the benefits of air suspension along with shifting consumer preferences towards comfort and luxury is encouraging OEMs to focus on manufacturing more advanced suspension systems with increasing penetration in the case of passenger cars.

Non-electronically controlled air suspension systems dominate the global market, in terms of both value and volume however, the electronically controlled air suspension systems segment is the fastest growing globally, in terms of both value and volume. This is owing to the electronically controlled air suspension systems are more advanced and comfort with less maintenance as compared with non-electronically controlled air suspension systems. Still, considering the complexity and the cost of these electronically controlled air suspension systems, their existing demand is limited to premium vehicles only.

Asia-Oceania is the fastest growing market for air suspension systems, both in terms of value and volume. The region comprises of emerging markets like China, Japan, India and South Korea which are characterized by increasing vehicle production and growing demand for comfort and convenience. These factors coupled with the fact that China, being one of the largest vehicle producers in the world, would drive the automotive air suspension market.

Air Suspension Market

Market players need to develop advanced suspension systems in order to cater to the growing demand for comfort and luxury of the consumers, however, with advanced technologies comes the high development and adoption cost of these technologies, which has been restraining the global market for air suspension systems. Factors such as increased complexity due to addition of sensors and electronic control units, high dependency on electronics and interlinking of active suspensions, raise the price of active suspension systems. The objectives of the air suspension manufacturers for long term sustenance are balanced product portfolio, technological leadership, and customer focus. The key air suspension manufacturers have adopted new product development and expansion as the key development strategies to sustain their position in the market. One of the major market players, Continental AG (Germany), has developed its first air suspension system for all-electric vehicle and has also opened a R&D facility in Bangalore (India).

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