Global Air Suspension Market, By Vehicle Type (Passenger Cars and Commercial Vehicles), By Component, By Technology, and By Region, Competition, Forecast & Opportunities, 2024

The Global Air Suspension Market stood at around $ 733 billion in 2018 and is anticipated to continue its growth trajectory during the forecast period. The rising demand for higher vehicle safety and enhanced passenger comfort are among the major factors boosting the Global Air Suspension Market. The Global Air Suspension Market has been segmented based on vehicle type, technology type, component type and regional distribution. Based on the vehicle type, the Global Air Suspension Market can be classified into Passenger Cars (PC) and Commercial Vehicles (CV). PC was the dominant vehicle type in 2018 and the segment is expected to continue its leading position in the coming years as well due to anticipated growth in premium passenger cars.

In terms of regional analysis, the market has been segmented into North America, South America, Asia Pacific, Europe and Middle East & Africa. Asia-Pacific air suspension market is growing at a brisk rate with China leading the numbers in the market. India is one of the largest passenger car markets in the world, however, the penetration of air suspension is low, which is anticipated to increase during the forecast period.

Major players operating in the Global Air Suspension Market include Continental AG, Hendrickson International Corporation, Accuair Suspension, Arnott, among others. Major companies are developing advanced technologies and launching new products in order to stay competitive in the market. Moreover, buyers are showing interest in vehicles equipped with air suspension system, leading to significant volume sales of air suspension systems by auto players.

Years considered for this report:

• Historical Years: 2014-2017
• Base Year: 2018
• Estimated Year: 2019
• Forecast Period: 2020-2024

Objective of the Study:

• To analyze and forecast the Global Air Suspension Market size.
• To classify and forecast the Global Air Suspension Market based on vehicle type, technology type, component type and regional distribution.
• To identify drivers and challenges for the Global Air Suspension Market.
• To conduct the pricing analysis for the Global Air Suspension Market.
• To identify and analyze the profile of leading players operating in the Global Air Suspension Market.

Both primary as well as exhaustive secondary research was performed for this study. Initially, They sourced a list of manufacturers across the globe. Subsequently, researchers conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, they could include manufacturers which could not be identified due to the limitations of secondary research. The author analyzed product offerings, distribution channels and presence of all major manufacturers across the globe.

Researchers calculated the Global Air Suspension Market size by using a bottom-up approach, where data for various end-user segments was recorded and forecast for the future years. They sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied.

Key Target Audience:

• Air suspension companies
• Automotive manufacturers
• Government bodies such as regulating authorities and policy makers
• Organizations, forums and alliances related to air suspension market
• Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers and partners, end-users, etc., besides allowing them in strategizing investments and capitalizing on the market opportunities.

Report Scope:

In this report, the Global Air Suspension Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Market, by Vehicle Type:

• Passenger Car
• Commercial Vehicle

Market, by Technology Type:

• Electronically Controlled Air Suspension
• Non-Electronically Controlled Air Suspension

Market, by Component Type:

• Air Spring
• Air Reservoir
• Height Sensor
• Shock Absorber
• Air Compressor
• Electronic Control Module

Market, by Region:

• Asia-Pacific
• China
• India
• Japan
• Indonesia
• South Korea
• Europe
• Germany
• United Kingdom
• France
• Italy
• Spain
• North America
• United States
• Mexico
• Canada
• South America
• Brazil
• Argentina
• Colombia
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE

Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Global Air Suspension Market.

Available Customizations:
With the given market data, the author offers customizations according to a client’s specific needs.