Air Suspension Market

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Air Suspension Market by Vehicle Type (LDV, Truck, Bus), Component (Air Spring, Shock Absorber, Compressor, ECU, Tank, Solenoid Valve, Height & Pressure Sensor), Technology (Electronic, Non-Electronic), Cab Suspension, Aftermarket, & Region - Forecast to 2025

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Report Code: AT 4470 Apr, 2019, by marketsandmarkets.com

[171 Pages Report] The air suspension market is projected to reach USD 8.4 billion by 2025 from USD 5.3 billion in 2018, at a CAGR of 6.76% during the forecast period. The air suspension market is primarily driven by the increasing demand for luxury buses for long distance traveling and growing significance of comfort and luxury in passenger cars.

Air Suspension Market

Non-electronically controlled system is expected to be the largest segment in the air suspension market, by technology, during the forecast period

Non-electronically controlled air suspension systems are expected to dominate the global market from 2018 to 2025. However, electronically controlled air suspension systems segment is the fastest growing market during the forecast period. This is mainly because of its benefits such as higher stability, optimum road grip, heavy load carrying capacity, additional driving comfort, various adjustment options, and enhanced safety level. All these factors would make it a preferred technology in the premium passenger and heavy commercial vehicle segments in the coming years.

Air bellow is estimated to be the largest air suspension aftermarket, by component, during the forecast period

Air bellow holds the maximum share in the air suspension aftermarket. Europe and North America are the leading markets with a high installation rate of air suspension in the existing heavy vehicles segment. Also, proposed smart city projects, rising infrastructural spending, and expansion of global companies are expected to boost the demand for trucks and buses in the Asia Oceania region. This is expected to boost the air suspension components aftermarket in this region.

ECU is projected to grow at the highest CAGR for Air suspension components OE market from 2018 to 2025

ECU is anticipated to grow at the highest CAGR during the forecast period for the components segment. The ECU comprises microprocessor, memory, input conditioners, and output drivers. ECU is a key component of an electronically controlled air suspension system that offers better vibration absorption and enhanced performance. Changing preferences towards electronically controlled system would drive the market of ECU in the future.

Light-duty Vehicle is estimated to be the largest and fastest growing market for air suspension, by vehicle type

The light-duty vehicle segment is the largest and fastest growing market during the review period. Increasing awareness about the benefits of air suspension and shifting consumer preferences towards comfort and luxury have encouraged premium vehicle manufacturers to deploy advanced suspension technology. Further, improved social status and rising demand for sophisticated features have fueled premium vehicle sales in Asia Oceania. All these factors drive the air suspension market in the light-duty vehicle segment.

Air Suspension Market

Europe is expected to account for the largest market share during the forecast period

Europe is projected to lead the air suspension market during the forecast period due to its higher adoption rate of air suspension across all vehicle types compared with other regions such as North America and Asia Oceania. In the light-duty vehicle segment, OEMs such as BMW, Mercedes-Benz, Porsche, Audi, and Land Rover offer ECAS technology in select models to enhance benefits such as height raising and lowering options. In the commercial vehicles segment, air suspension has a higher installation rate in semi-trailers and multi-axle buses. Also, technology-driven suppliers such as Continental, ThyssenKrupp, and SAF-Holland are constantly making efforts to introduce the latest technology in the field of air suspension for light and heavy-duty vehicles. All these factors have resulted in the growth of the air suspension market in the region.

Key Market Players

Some of the key players in the air suspension market are Continental AG (Germany), ThyssenKrupp AG (Germany), Firestone Industrial Products (US), Hitachi Ltd. (Japan), Wabco Holdings Inc. (Belgium), SAF-Holland (Germany), Hendrickson International Corporation (US), Accuair Suspension (US), and Mando Corporation (South Korea). Continental adopted the strategies of expansion, new product development, collaboration, and mergers & acquisitions to retain its leading position in the air suspension market whereas ThyssenKrupp adopted expansion as a key strategy to sustain its market position.

Scope of the Report

Report Metric

Details

 

Market Size Available for Years

 

2016–2025

Base Year Considered

2017

Forecast Period

2018–2025

Forecast Units

Value (USD million/billion) and Volume (‘000/million units)

Segments Covered

Market by Components, Technology, Vehicle Type; Cabin Air Suspension, by Vehicle Type; Aftermarket, by Components and Region

Geographies Covered

Asia Oceania, Europe, North America, and RoW

Companies Covered

Continental AG (Germany), Thyssenkrupp AG (Germany), Hitachi Ltd. (Japan), Wabco Holdings Inc. (Belgium), Firestone Industrial Products (US), SAF-Holland (Germany), Hendrickson International Corporation (US), Total 20 major players covered

This research report categorizes the air suspension market based on component, technology, vehicle type; cabin air suspension, by vehicle type; and aftermarket, by component and region.

Air Suspension Market, By Component

  • Air springs
  • Shock absorber
  • Compressor
  • Electronic control module
  • Air reservoir
  • Height sensors
  • Solenoid valves
  • Pressure sensors

Air Suspension Market, By Technology

  • Electronically Controlled
  • Non-electronically Controlled

Air Suspension Market, By Vehicle Type

  • Light-Duty Vehicle (LDV)
  • Trucks
  • Buses

Cabin Air Suspension Market, By Vehicle Type

  • Rigid Trucks
  • Semi-Trailers

Air Suspension Aftermarket, By Component

  • Air Bellows
  • Shock Absorber Bushes

Air Suspension Market, By Region

  • Asia Oceania
  • Europe
  • North America
  • RoW

Recent Developments

  • In February 2019, Continental developed a smart air spring system from for enhanced efficiency in the construction and mining sectors. This new air spring system comes with integral sensor technology that provides continuous operational status information in real time.

Key Questions addressed by the report

  1. Our study suggests that Europe is the largest market for air suspension. What is the market size of the automotive air suspension market in different regions in 2018? What would be the regional growth rate during the next seven years?
  2. The study indicates that non-electronically controlled air suspension system dominates the market. However, the demand for an electronically controlled air suspension system is anticipated to be significant in the next few years.
  3. The study indicates that semi-trailer holds the maximum share of cabin air suspension. How would the upcoming regulatory changes and market trends impact the cabin air suspension market? What would be the regional growth rate for the next seven years?
  4. What is the average replacement life of air bellows and shock absorber bushes? What would be the growth rate for the next seven years?
  5. What is the average selling price of air suspension system for a light-duty vehicle, heavy truck, and buses? What is the average cost of different air suspension components, and what are the pricing trends of this equipment?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 18)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Years Considered for the Study
    1.4 Currency & Pricing
    1.5 Package Size
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 22)
    2.1 Research Data
    2.2 Secondary Data
           2.2.1 Key Secondary Sources for Vehicle Production Numbers
           2.2.2 Key Secondary Sources for Market Sizing
           2.2.3 Key Data From Secondary Sources
    2.3 Primary Data
           2.3.1 Sampling Techniques & Data Collection Methods
           2.3.2 Primary Participants
    2.4 Market Size Estimation
           2.4.1 Bottom-Up Approach
    2.5 Market Breakdown and Data Triangulation
    2.6 Assumptions

3 Executive Summary (Page No. - 32)

4 Premium Insights (Page No. - 35)
    4.1 Attractive Opportunities in Air Suspension Market
    4.2 Air Suspension Market in Europe, By Vehicle Type and Country
    4.3 Air Suspension Market, By Country
    4.4 Air Suspension Market, By Technology
    4.5 Air Suspension Market, By Vehicle Type
    4.6 Air Suspension Market, By Component
    4.7 Cabin Air Suspension Market, By Vehicle Type
    4.8 Air Suspension Aftermarket, By Component

5 Market Overview (Page No. - 41)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Rising Global Commercial Vehicle Sales
                    5.2.1.2 Increasing Demand for Premium and Luxury Vehicles
           5.2.2 Restraints
                    5.2.2.1 High Development and Adoption Cost of Air Suspension
           5.2.3 Opportunities
                    5.2.3.1 Increasing Demand for Lightweight Air Suspension System
                    5.2.3.2 Rising Aftermarket Demand for Air Suspension & Related Components
           5.2.4 Challenge
                    5.2.4.1 Increasing Presence of Local Suppliers

6 Industry Trend (Page No. - 48)
    6.1 Introduction
    6.2 Revenue Impact Analysis
    6.3 Pricing Analysis
    6.4 Porter’s Five Forces

7 Air Suspension Market, By Technology (Page No. - 50)
Note - The Chapter is Further Segmented at Regional Level and Considered Regions are Asia Oceania, Europe, North America and RoW
    7.1 Introduction
           7.1.1 Research Methodology
           7.1.2 Assumptions
           7.1.3 Industry Insights
    7.2 Electronically Controlled
           7.2.1 Electronically Controlled is Anticipated to Be the Fastest Growing Market
    7.3 Non-Electronically Controlled
           7.3.1 Non-Electronically Controlled is the Largest Market as of 2018

8 Air Suspension Market, By Component (Page No. - 56)
Note - The Chapter is Further Segmented at Regional Level and Considered Regions are Asia Oceania, Europe, North America and RoW
    8.1 Introduction
           8.1.1 Research Methodology
           8.1.2 Assumptions
           8.1.3 Industry Insights
    8.2 Air Spring Assembly
           8.2.1 Air Spring Assembly is Estimated to Be Largest Market
    8.3 Shock Absorbers
           8.3.1 Shock Absorbers are Usually Two Number of Units Per Axle
    8.4 Compressor
           8.4.1 Europe is Expected to Be the Largest Market for Air Compressor
    8.5 Electronic Control Unit
           8.5.1 Electronic Control Unit is Estimated to Be Fastest Growing Market
    8.6 Air Reservoir
           8.6.1 Air Reservoirs are Also Used for Air Brake Mechanism in Commercial Vehicles
    8.7 Height Sensors
           8.7.1 Two Number of Height Sensors are Installed Per Axle in All Vehicle Types
    8.8 Soleneoid Valve
           8.8.1 Solenoid Valve is Required for Electronically-Controlled Air Suspenion
    8.9 Pressure Sensors
           8.9.1 Europe is Expected to Be the Largest Market for Pressure Sensors

9 Cabin Air Suspension Market, By Vehicle Type (Page No. - 68)
Note - The Chapter is Further Segmented at Regional Level and Considered Regions are Asia Oceania, Europe, North America and RoW
    9.1 Introduction
           9.1.1 Research Methodology
           9.1.2 Assumptions
           9.1.3 Industry Insights
    9.2 Rigid Trucks
           9.2.1 Asia Oceania is Expected to Be the Fastest Growing Market
    9.3 Semi-Trailers
           9.3.1 Semi-Trailers Hold the Maximum Share for Cabin Air Suspension

10 Air Suspension Market, By Vehicle Type (Page No. - 74)
Note - The Chapter is Further Segmented at Regional Level and Considered Regions are Asia Oceania, Europe, North America and RoW
     10.1 Introduction
             10.1.1 Research Methodology
             10.1.2 Assumptions
             10.1.3 Industry Insights
     10.2 Light-Duty Vehicles
             10.2.1 LDV is the Largest and Fastest Market for Air Suspension
     10.3 Trucks
             10.3.1 Semi-Trailers Lead the Trucks Air Suspenion Market in 2018
     10.4 Bus
             10.4.1 Bus Segment has the Maximum Installation Rate of Air Suspension

11 Air Suspension Aftermarket, By Component (Page No. - 81)
Note - The Chapter is Further Segmented at Regional Level and Considered Regions are Asia Oceania, Europe, North America and RoW
     11.1 Introduction
             11.1.1 Research Methodology
             11.1.2 Assumptions
             11.1.3 Industry Insights
     11.2 Air Bellows
             11.2.1 Air Bellows Lead the Air Suspension Aftermarket, By Components
     11.3 Shock Absorber Bushes
             11.3.1 There are 15-20 Units of Bushes Per Shock Absorber for Heavy Duty Vehicles

12 Air Suspension Market, By Region (Page No. - 88)
Note - The Chapter is Further Segmented at Regional and Country Level By Vehicle Type and Considered Vehicle Types are Light-Duty Vehicles, Trucks, and Bus
     12.1 Introduction
             12.1.1 Research Methodology
             12.1.2 Assumptions
             12.1.3 Industry Insights
     12.2 Asia Oceania
             12.2.1 China
                        12.2.1.1 China is the Largest Market in Asia Oceania
             12.2.2 India
                        12.2.2.1 India is the Fastest Growing Market
             12.2.3 Japan
                        12.2.3.1 Japan is Second Largest Market as of 2018
             12.2.4 South Korea
                        12.2.4.1 LDV is Estimated to Be Largest Market in South Korea as of 2018
             12.2.5 Thailand
                        12.2.5.1 Low Adoption Rate has Been Observed in Thailand
             12.2.6 Rest of Asia Oceania
                        12.2.6.1 LDV is Estimated to Be Largest Market During the Forecast Period
     12.3 Europe
             12.3.1 Germany
                        12.3.1.1 Germany is Estimated to Be the Largest Market for Air Suspension in Europe
             12.3.2 France
                        12.3.2.1 Truck is the Second Largest Market for France Under the Review Period
             12.3.3 Spain
                        12.3.3.1 LDV and Trucks are Estimated to Be Largest Market By Volume
             12.3.4 Turkey
                        12.3.4.1 Low Adoption Rate Analyzed in Turkey for Air Suspension
             12.3.5 UK
                        12.3.5.1 LDV is Estimated to Be Largest Market in UK as of 2018
             12.3.6 Russia
                        12.3.6.1 High Growth Opportunities are Anticipated in Coming Years for Russian Market
             12.3.7 Rest of Europe
                        12.3.7.1 Passenger Cars and Light Commercial Vehicles are Projected to Be the Fastest Market
     12.4 North America
             12.4.1 US
                        12.4.1.1 US is Estimated to Be Largest Market in North America By 2025
             12.4.2 Canada
                        12.4.2.1 Trucks and Buses Segments Hold Higher Adoption Rate for Air Suspension in Canada
             12.4.3 Mexico
                        12.4.3.1 Trucks Segment Holds the Second Largest Market in Mexico
     12.5 RoW
             12.5.1 Brazil
                        12.5.1.1 Brazil is Estimated to Be Largest Market in RoW By 2025
             12.5.2 Iran
                        12.5.2.1 Minimal Adoption Rate has Been Observed in Iran
             12.5.3 RoW Others
                        12.5.3.1 Trucks Segment is Projected to Lead Air Suspension Market, By 2025

13 Competitive Landscape (Page No. - 120)
     13.1 Overview
     13.2 Competitive Leadership Mapping
             13.2.1 Visionary Leaders
             13.2.2 Innovators
             13.2.3 Dynamic Differentiators
             13.2.4 Emerging Companies
     13.3 Competitive Leadership Mapping: Air Suspension Manufacturers
             13.3.1 Competitive Benchmarking
                        13.3.1.1 Strength of Product Portfolio
                        13.3.1.2 Business Strategy Excellence
     13.4 Competitive Leadership Mapping: Air Suspension Component Manufacturers and Suppliers
             13.4.1 Competitive Benchmarking
                        13.4.1.1 Strength of Product Portfolio
                        13.4.1.2 Business Strategy Excellence
     13.5 Air Suspension Market: Market Share Analysis
     13.6 Competitive Scenario
             13.6.1 Expansions
             13.6.2 New Product Launches/New Product Developments
             13.6.3 Supply Contract/ Partnerships/Joint Ventures/ Collaborations
             13.6.4 Mergers & Acquisitions

14 Company Profiles (Page No. - 136)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis)*
     14.1 Continental
     14.2 ThyssenKrupp
     14.3 Hitachi
     14.4 Wabco
     14.5 Firestone Industrial Products
     14.6 Hendrickson
     14.7 Mando Corporation
     14.8 BWI Group
     14.9 SAF-Holland
     14.10 Accuair Suspension
     14.11 Additional Companies
             14.11.1 Europe
                        14.11.1.1 Vibracoustic
                        14.11.1.2 Dunlop
                        14.11.1.3 Vb-Airsuspension
             14.11.2 North America
                        14.11.2.1 Link
                        14.11.2.2 Universal Air Suspension
                        14.11.2.3 Liftmatic
                        14.11.2.4 Stemco
                        14.11.2.5 Arnott
             14.11.3 Asia Oceania
                        14.11.3.1 Shanghai Komman
                        14.11.3.2 Jamna Auto

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis Might Not Be Captured in Case of Unlisted Companies.

15 Appendix (Page No. - 163)
     15.1 Insights of Industry Experts
     15.2 Discussion Guide
     15.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     15.4 Available Customizations
             15.4.1 Air Suspension Market, By Vehicle Type & Technology
                        15.4.1.1 Light-Duty Vehicle
                        15.4.1.2 Trucks
                        15.4.1.3 Buses
Note: The Market of Electronically Controlled vs Non-Electronically Controlled Air Suspension Can Be Provided for Each Mentioned Vehicle Type in Terms of Volume, and Value
             15.4.2 Air Suspension Component Market, By Vehicle Type
                        15.4.2.1 Light-Duty Vehicle
                        15.4.2.2 Trucks
                        15.4.2.3 Buses
Note: The Market of Each Considered Component in the Study Can Be Provided for Each Mentioned Vehicle Type in Terms of Volume, and Value
             15.4.3 Detailed Analysis and Profiling of Additional Market Players (Upto 3)
     15.5 Related Reports
     15.6 Author Details


List of Tables (101 Tables)

Table 1 Currency Exchange Rates (W.R.T. Per USD)
Table 2 Key Vehicle Models Production Provided With Air Suspension
Table 3 Average Cost of Different Suspension Technologies
Table 4 Weight Reduction Targets for Systems of Light-Duty Internal Combustion Engine Vehicles (2020–2050) in the Us
Table 5 Pricing of Air Suspension, By Vehicle Type & Region, 2017–2018 (USD)
Table 6 Air Suspension Market, By Technology, 2016–2025 (Thousand Units)
Table 7 Air Suspension Market, By Technology, 2016–2025 (USD Million)
Table 8 Electronically Controlled: Air Suspension Market, By Region, 2016–2025 (Thousand Units)
Table 9 Electronically Controlled: Air Suspension Market, By Region, 2016–2025 (USD Million)
Table 10 Non-Electronically Controlled: Air Suspension Market, By Region, 2016–2025 (Thousand Units)
Table 11 Non-Electronically Controlled: Air Suspension Market, By Region, 2016–2025 (USD Million)
Table 12 Air Suspension Market, By Component, 2016–2025 (Thousand Units)
Table 13 Air Suspension Market, By Component, 2016–2025 (USD Million)
Table 14 Air Springs: Air Suspension Market, By Region, 2016–2025 (Thousand Units)
Table 15 Air Springs: Air Suspension Market, By Region, 2016–2025 (USD Million)
Table 16 Shock Absorber: Air Suspension Market, By Region, 2016–2025 (Thousand Units)
Table 17 Shock Absorber: Air Suspension Market, By Region, 2016–2025 (USD Million)
Table 18 Air Compressor: Air Suspension Market, By Region, 2016–2025 (Thousand Units)
Table 19 Air Compressor: Air Suspension Market, By Region, 2016–2025 (USD Million)
Table 20 Electronic Control Unit: Air Suspension Market, By Region, 2016–2025 (Thousand Units)
Table 21 Ecu: Air Suspension Market, By Region, 2016–2025 (USD Million)
Table 22 Air Reservoir: Air Suspension Market, By Region, 2016–2025 (Thousand Units)
Table 23 Air Reservoir: Air Suspension Market, By Region, 2016–2025 (USD Million)
Table 24 Height Sensor: Air Suspension Market, By Region, 2016–2025 (Thousand Units)
Table 25 Height Sensor: Air Suspension Market, By Region, 2016–2025 (USD Million)
Table 26 Solenoid Valve: Air Suspension Market, By Region, 2016–2025 (Thousand Units)
Table 27 Solenoid Valve: Air Suspension Market, By Region, 2016–2025 (USD Million)
Table 28 Pressure Sensor: Air Suspension Market, By Region, 2016–2025 (Thousand Units)
Table 29 Pressure Sensor: Air Suspension Market, By Region, 2016–2025 (USD Million)
Table 30 Cabin Air Suspension Market, By Vehicle Type, 2016–2025 (Thousand Units)
Table 31 Cabin Air Suspension Market, By Vehicle Type, 2016–2025 (USD Million)
Table 32 Rigid Trucks: Cabin Air Suspension Market, By Region, 2016–2025 (Thousand Units)
Table 33 Rigid Trucks: Cabin Air Suspension Market, By Region, 2016–2025 (USD Million)
Table 34 Semi-Trailers: Cabin Air Suspension Market, By Region, 2016–2025 (Thousand Units)
Table 35 Semi-Trailers: Cabin Air Suspension Market, By Region, 2016–2025 (USD Million)
Table 36 Air Suspension Market, By Vehicle Type, 2016–2025 (Thousand Units)
Table 37 Air Suspension Market, By Vehicle Type, 2016–2025 (USD Million)
Table 38 Light-Duty Vehicle: Air Suspension Market, By Region, 2016–2025 (Thousand Units)
Table 39 Light-Duty Vehicle: Air Suspension Market, By Region, 2016–2025 (USD Million)
Table 40 Trucks: Air Suspension Market, By Region, 2016–2025 (Thousand Units)
Table 41 Trucks: Air Suspension Market, By Region, 2016–2025 (USD Million)
Table 42 Bus: Air Suspension Market, By Region, 2016–2025 (Thousand Units)
Table 43 Bus: Air Suspension Market, By Region, 2016–2025 (USD Million)
Table 44 Air Suspension Aftermarket, By Component, 2016–2025 (Million Units)
Table 45 Air Suspension Aftermarket, By Component, 2016–2025 (USD Million)
Table 46 Air Bellows: Air Suspension Aftermarket, By Region, 2016–2025 (Million Units)
Table 47 Air Bellows: Air Suspension Aftermarket, By Region, 2016–2025 (USD Million)
Table 48 Shock Absorber Bushes: Air Suspension Aftermarket, By Region, 2016–2025 (Million Units)
Table 49 Shock Absorber Bushes: Air Suspension Aftermarket, By Region, 2016–2025 (USD Million)
Table 50 Air Suspension Market, By Region, 2016–2025 (Thousand Units)
Table 51 Air Suspension Market, By Region, 2016–2025 (USD Million)
Table 52 Asia Oceania: Air Suspension Market, By Country, 2016–2025 (Thousand Units)
Table 53 Asia Oceania: Air Suspension Market, By Country, 2016–2025 (USD Million)
Table 54 China: Air Suspension Market, By Vehicle Type, 2016–2025 (Thousand Units)
Table 55 China: Air Suspension Market, By Vehicle Type, 2016–2025 (USD Million)
Table 56 India: Air Suspension Market, By Vehicle Type, 2016–2025 (Thousand Units)
Table 57 India: Air Suspension Market, By Vehicle Type, 2016–2025 (USD Million)
Table 58 Japan: Air Suspension Market, By Vehicle Type, 2016–2025 (Thousand Units)
Table 59 Japan: Air Suspension Market, By Vehicle Type, 2016–2025 (USD Million)
Table 60 South Korea: Air Suspension Market, By Vehicle Type, 2016–2025 (USD Million)
Table 61 South Korea: Air Suspension Market, By Vehicle Type, 2016–2025 (USD Million)
Table 62 Thailand: Air Suspension Market, By Vehicle Type, 2016–2025 (Thousand Units)
Table 63 Thailand: Air Suspension Market, By Vehicle Type, 2016–2025 (USD Million)
Table 64 Rest of Asia Oceania: Air Suspension Market, By Vehicle Type, 2016–2025 (Thousand Units)
Table 65 Rest of Asia Oceania: Air Suspension Market, By Vehicle Type, 2016–2025 (USD Million)
Table 66 Europe: Air Suspension Market, By Country, 2016–2025 (Thousand Units)
Table 67 Europe: Air Suspension Market, By Country, 2016–2025 (USD Million)
Table 68 Germany: Air Suspension Market, By Vehicle Type, 2016–2025 (Thousand Units)
Table 69 Germany: Air Suspension Market, By Vehicle Type, 2016–2025 (USD Million)
Table 70 France: Air Suspension Market, By Vehicle Type, 2016–2025 (Thousand Units)
Table 71 France: Air Suspension Market, By Vehicle Type, 2016–2025 (USD Million)
Table 72 Spain: Air Suspension Market, By Vehicle Type, 2016–2025 (Thousand Units)
Table 73 Spain: Air Suspension Market, By Vehicle Type, 2016–2025 (USD Million)
Table 74 Turkey: Air Suspension Market, By Vehicle Type, 2016–2025 (Thousand Units)
Table 75 Turkey: Air Suspension Market, By Vehicle Type, 2016–2025 (USD Million)
Table 76 UK: Air Suspension Market, By Vehicle Type, 2016–2025 (Thousand Units)
Table 77 UK: Air Suspension Market, By Vehicle Type, 2016–2025 (USD Million)
Table 78 Russia: Air Suspension Market, By Vehicle Type, 2016–2025 (Thousand Units)
Table 79 Russia: Air Suspension Market, By Vehicle Type, 2016–2025 (USD Million)
Table 80 Rest of Europe: Air Suspension Market, By Vehicle Type, 2016–2025 (Thousand Units)
Table 81 Rest of Europe: Air Suspension Market, By Vehicle Type, 2016–2025 (USD Million)
Table 82 North America: Air Suspension Market, By Country, 2016–2025 (Thousand Units)
Table 83 North America: Air Suspension Market, By Country, 2016–2025 (USD Million)
Table 84 US: Air Suspension Market, By Vehicle Type, 2016–2025 (Thousand Units)
Table 85 US: Air Suspension Market, By Vehicle Type, 2016–2025 (USD Million)
Table 86 Canada: Air Suspension Market, By Vehicle Type, 2016–2025 (Thousand Units)
Table 87 Canada: Air Suspension Market, By Vehicle Type, 2016–2025 (USD Million)
Table 88 Mexico: Air Suspension Market, By Vehicle Type, 2016–2025 (Thousand Units)
Table 89 Mexico: Air Suspension Market, By Vehicle Type, 2016–2025 (USD Million)
Table 90 RoW: Air Suspension Market, By Country, 2016–2025 (Thousand Units)
Table 91 RoW: Air Suspension Market, By Country, 2016–2025 (USD Million)
Table 92 Brazil: Air Suspension Market, By Vehicle Type, 2016–2025 (Thousand Units)
Table 93 Brazil: Air Suspension Market, By Vehicle Type, 2016–2025 (USD Million)
Table 94 Iran: Air Suspension Market, By Vehicle Type, 2016–2025 (Thousand Units)
Table 95 Iran: Air Suspension Market, By Vehicle Type, 2016–2025 (USD Million)
Table 96 RoW Others: Air Suspension Market, By Vehicle Type, 2016–2025 (Thousand Units)
Table 97 RoW Others: Air Suspension Market, By Vehicle Type, 2016–2025 (USD Million)
Table 98 Expansions, 2016–2018
Table 99 New Product Launches/New Product Developments, 2016–2019
Table 100 Supply Contracts, 2017–2019
Table 101 Mergers & Acquisitions, 2013–2018


List of Figures (52 Figures)

Figure 1 Air Suspension Market: Market Segmentation
Figure 2 Air Suspension Market: Research Design
Figure 3 Research Design Model
Figure 4 Breakdown of Primary Interviews
Figure 5 Bottom-Up Approach: Air Suspension Market
Figure 6 Data Triangulation
Figure 7 Air Suspension for Automotive Industry: Market Outlook
Figure 8 Air Suspension Market, By Vehicle Type, 2018 vs 2022 vs 2025 (USD Billion)
Figure 9 Increasing Demand for Luxury and Comfort Features and Growing Premium Vehicles Sales Bring Attractive Opportunities in Air Suspension Market
Figure 10 Light-Duty Vehicle and France Accounted for the Largest Share in the Europe Market, By Vehicle Type and Country, Respectively, 2018
Figure 11 India and Brazil Expected to Grow at the Fastest Rate During the Forecast Period
Figure 12 Electronically Controlled Segment Expected to Be the Fastest Growing Market, By Technology, 2018 vs 2025 (USD Billion)
Figure 13 Light-Duty Vehicle Expected to Lead the Air Suspension Market, By Vehicle Type, 2018 vs 2025 (USD Billion)
Figure 14 Air Spring to Hold the Largest Market Share in the Air Suspension, 2018 vs 2025 (USD Million)
Figure 15 Semi-Trailers to Be the Largest Market During the Forecast Period, 2018 vs 2025 (USD Million)
Figure 16 Air Bellows Segment to Lead the Air Suspension Aftermarket, By Component, 2018 vs 2025 (USD Million)
Figure 17 Air Suspension: Market Dynamics
Figure 18 Global Commercial Vehicle Sales, By Region, 2012–2017 (Million Units)
Figure 19 Premium Car Sales, By Region, 2012–2016 (‘000 Units)
Figure 20 Air Suspension Aftermarket, By Component, 2018–2025 (USD Million)
Figure 21 Revenue Impact Analysis, By Company
Figure 22 Porter’s Five Forces Analysis: Air Suspension Market
Figure 23 Bottom-Up Approach has Been Used to Estimate and Validate the Size of the Air Suspension Market, By Technology
Figure 24 Air Suspension Market, By Technology, 2018-2025 (USD Million)
Figure 25 Bottom-Up Approach has Been Used to Estimate and Validate the Size of the Air Suspension Market, By Components.
Figure 26 Air Suspension Market, By Component, 2018 vs 2025 (USD Million)
Figure 27 Bottom-Up Approach has Been Used to Estimate and Validate the Size of the Cabin Air Suspension Market, By Vehicle Type.
Figure 28 Cabin Air Suspension Market, By Vehicle Type, 2018-2025 (USD Million)
Figure 29 The Bottom-Up Approach has Been Used to Estimate and Validate the Size of the Air Suspension Market, By Vehicle Type.
Figure 30 Air Suspension Market, By Vehicle Type, 2018–2025 (USD Million)
Figure 31 A Bottom-Up Approach has Been Used to Estimate and Validate the Size of the Air Suspension Aftermarket, By Component.
Figure 32 Air Suspension Aftermarket, By Component, 2018–2025 (USD Million)
Figure 33 Bottom-Up Approach has Been Used to Estimate and Validate the Size of the Air Suspension Market, By Region.
Figure 34 Air Suspension Market, By Region, 2018–2025 (USD Million)
Figure 35 Asia Oceania: Air Suspension Market Snapshot
Figure 36 Europe: Air Suspension Market Snapshot
Figure 37 North America: Air Suspension Market, 2018 vs 2025 (USD Million)
Figure 38 Companies Adopted New Product Development & Expansions as the Key Growth Strategy From 2014 to 2018
Figure 39 Air Suspension Market Share Analysis in 2017
Figure 40 Continental: Company Snapshot
Figure 41 Continental: SWOT Analysis
Figure 42 ThyssenKrupp: Company Snapshot
Figure 43 ThyssenKrupp: SWOT Analysis
Figure 44 Hitachi: Company Snapshot
Figure 45 Hitachi: SWOT Analysis
Figure 46 Wabco: Company Snapshot
Figure 47 Wabco: SWOT Analysis
Figure 48 Firestone Industrial Products: SWOT Analysis
Figure 49 Hendrickson: SWOT Analysis
Figure 50 Mando Corporation: Company Snapshot
Figure 51 BWI Group: Company Snapshot
Figure 52 SAF-Holland: Company Snapshot

The study involved four main activities to estimate the current size of the air suspension market. Exhaustive secondary research was done to collect information about the air suspension market, by component, technology, vehicle type, and components aftermarket. The next step was to validate these findings, assumptions, and market analysis with industry experts across value chains through primary research. The bottom-up approach was employed to estimate the overall market size for different segments considered under this study.

Secondary Research

The secondary sources referred for this research study include automotive industry organizations such as European Association of Automotive Suppliers (CLEPA), Automotive Parts Manufacturers' Association (APMA), Organisation Internationale des Constructeurs d'Automobiles (OICA), European Automobile Manufacturers Association (ACEA); corporate filings (such as annual reports, investor presentations, and financial statements); and trade, business, and regional component related associations. Secondary data has been collected and analyzed to arrive at the overall market size, which is further validated by multiple industry experts.

Primary Research

Extensive primary research has been conducted after acquiring an understanding of the air suspension market scenario through secondary research. Several primary interviews have been conducted with market experts from both the demand- (OEMs) and supply-side (air suspension system and component manufacturers) across four major regions, namely, Asia Oceania, Europe, North America, and the Rest of the World (RoW). Primary data has been collected through questionnaires, emails, and telephonic interviews. In the canvassing of primaries, we have strived to cover various departments within organizations, such as sales, operations, and administration, to provide a holistic viewpoint in our report.

After interacting with industry experts, we have also conducted brief sessions with highly experienced independent consultants to reinforce the findings from our primaries. This, along with the in-house subject matter experts’ opinions, has led us to the findings as described in the remainder of this report.

Air Suspension Market

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

Market Size Estimation

The bottom-up approach has been used to estimate and validate the size of the air suspension market, by vehicle type. Country-level model mapping was done to determine the vehicle type-wise air suspension market size, in terms of volume. The vehicle production number has been multiplied with country-level penetration of air suspension system for each vehicle type (which was derived through extensive model mapping, secondary sources, and validated from multiple primary interviews). The country-level air suspension market size, in terms of volume, of each vehicle type was added to derive the regional-level market size and further to get the global air suspension market, by vehicle type. To arrive at the market size, in terms of value, the country-level market was multiplied by the average selling price of air suspension unit for each vehicle type. Summation of country-level market sizes gave the regional-level market, and the summation of regional-level markets gave the global air suspension market, by vehicle type, in terms of value. A similar approach was followed to derive the air suspension market by component (air springs, shock absorber, compressor, electronic control module, air reservoir, height sensors, solenoid valves, and pressure sensors), technology (electronically controlled and non-electronically controlled), cabin air suspension by vehicle type (rigid trucks and semi-trailers), and aftermarket by components (air bellows and shock absorber bushes).

Data Triangulation

All percentage shares, splits, and breakdowns have been determined using secondary sources and verified by primary sources. All parameters that are said to affect the markets covered in this research study have been accounted for, viewed in extensive detail, and analyzed to obtain the final quantitative and qualitative data. This data has been consolidated, enhanced with detailed inputs and analysis from MarketsandMarkets, and presented in the report. The data was triangulated by studying various factors and trends in the demand and supply sides in air suspension market.

Report Objectives

  • To define, describe, and forecast the global air suspension market, in terms of volume (’000 units) and value (USD million)
  • To define, describe, and forecast the air suspension market, by value and volume, on the basis of vehicle type (light-duty vehicles, heavy trucks, and bus) at country and regional level
  • To define, describe, and forecast the air suspension market, by value and volume, on the basis of component (air springs, shock absorber, compressor, electronic control unit, air reservoir, height sensors, solenoid valves, and pressure sensors, and technology (electronically controlled and non-electronically controlled) at regional level
  • To define, describe, and forecast the cabin air suspension market, by value and volume, on the basis of vehicle type (rigid trucks, and semi-trailers) at regional level
  • To define, describe, and forecast the air suspension aftermarket, by value and volume, on the basis of component (air bellows and shock absorber bushes) at regional level
  • To define, describe, and forecast the air suspension market, by value and volume, on the basis of region (Asia Oceania, Europe, North America, and RoW)
  • To understand the market dynamics (drivers, restraints, opportunities, and challenges) of air suspension market
  • To analyze the market share of the key players operating in the air suspension market
  • To analyze recent developments, alliances, joint ventures, mergers & acquisitions, new product launches, and other activities carried out by key industry participants in the air suspension market

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs.

The following customization options are available for the report:

Air Suspension Market, By Vehicle Type & Technology

  • Light-Duty Vehicle
  • Trucks
  • Buses

Note: The market of Electronically Controlled Vs Non-Electronically Controlled Air Suspension can be provided for each mentioned vehicle type in terms of volume, and value

Air Suspension Component Market, By Vehicle Type

  • Light-Duty Vehicle
  • Trucks
  • Buses

Note: The market of each considered component in the study can be provided for each mentioned vehicle type in terms of volume, and value

Detailed Analysis and Profiling of Additional Market Players (Up to 3)

Report Code
AT 4470
Published ON
Apr, 2019
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