
Report ID: SQMIG25A2425
Skyquest Technology's expert advisors have carried out comprehensive global market analysis on the automotive air suspension market, covering regional industry trends and market insights. Our team of analysts have conducted in-depth primary and secondary research to provide regional industry analysis and forecast of automotive air suspension market across North America, South America, Europe, Asia, the Middle East, and Africa.
Asia-Pacific is at the forefront of the world automotive air suspension market with surging high-speed economic growth, urbanization, and rising demand for luxury vehicles. Post-pandemic recovery in China has favored passenger vehicle manufacturing, and in India, there is a luxury car boom, aiming to reach 50,000 units by 2024. Government policies like India's "Make-in-India" have promoted local capability to produce, reducing costs and rationalizing component supplies. Moreover, the emphasis in the region on electric and hybrid vehicles demands advanced suspension systems to deliver maximum ride comfort and handling.
The Chinese automobile air suspension market is growing strongly propelled by the growth in advanced intelligent suspension technologies and increasing demand for luxury vehicles. In 2023, the volume of assembly for air suspension systems in passenger vehicles grew 113% year-over-year, indicating a sudden shift towards improved vehicle stability and comfort ride. Local manufacturers like Voyah and BYD have been at the forefront in creating "magic carpet" suspension systems. Voyah's Zhuiguang, which was sold from December 2023, features a suspension system that adjusts ride height downwards or upwards by 65mm to 2mm precision via real-time processing of road information 500 times per second.
Japan's automotive air suspension industry is growing with improvements in suspension technologies and growing demand for luxury vehicles. Brands such as UD Trucks have launched models like the Quon GW 6x4 tractor, equipped with air springs for increased comfort. Furthermore, KYB Corporation, being a leading producer of shock absorbers and air suspensions, keeps improving in suspension systems to address changing market demands. These advancements underscore Japan's emphasis on enhancing car performance and comfort with innovative suspension technologies.
Indian automotive air suspension industry is going through high growth levels in recent times driven by rising demands for better ride comfort, increase in load-carrying capacities, and agility in commercial vehicles. The upsurge has been triggered by developing road infrastructures, shifting consumer attitudes, and the development of advanced suspension technology. Tiding over the tide, Jamna Auto Industries Ltd. (JAI) has launched an entirely new trailer air suspension system for Indian conditions. Designed in association with Ridewell Corporation, USA, the system was thoroughly tested at the Automotive Research Association of India (ARAI) and JAI's own facilities to validate reliability and performance.
Europe is among the top markets for the global automotive air suspension market because of the strict emissions regulations, premium and luxury vehicle production growth, and high presence of Original Equipment Manufacturers such as Mercedes-Benz, BMW, and Audi. European Union regulatory pressure towards advanced suspension technology to enhance fuel efficiency and reduce CO₂ emissions is fueling adoption. Furthermore, EU-funded R&D programs on vehicle lightweighting and ride comfort have spurred development in air suspension technology. Germany specifically is at the forefront in the region due to its sophisticated automotive manufacturing network and high customer demand for improved driving dynamics and comfort.
The German automotive air suspension industry is flourishing because of its robust luxury car segment with Mercedes-Benz, BMW, and Audi cars with air suspension systems for better ride quality and performance. The huge production of commercial vehicles in the country, such as trucks and buses, also boosts demand for air suspension for better load leveling and stability. In July 2023, German premium vehicle parts manufacturer ZF Friedrichshafen AG signed a long-term agreement with Volta Trucks to provide fundamental systems, such as air suspension systems, and further cementing Germany's leadership role in next-generation suspension technology.
Automotive air suspension in France is growing with rising demand for luxury cars and the use of smart suspension systems. The incorporation of electronically controlled air suspension improves the ride quality as well as the handling of the car, which is what consumers expect in sophisticated technologies. One such development is Eberspächer's acquisition of Kalori SAS, a French vehicle air-conditioning and ventilation system specialist, which extends Eberspächer's capabilities in thermal management systems and assists in the development of air suspension technologies in France.
The UK automotive air suspension industry is picking up momentum with increasing demand for electric and luxury cars, in which air suspension enhances ride comfort and handling of the vehicles. Well established manufacturers like Jaguar Land Rover, Rolls-Royce, and Aston Martin have air suspension systems featured in their luxury models, fostering this development. Also, the growing popularity of electric vehicles, which utilize air suspension to handle battery weight and enhance ride quality, supports market growth.
North America's automotive air suspension market is growing substantially, fueled by the region's strong demand for luxury cars and heavy duty commercial trucks. The use of electronic controlled air suspension (ECAS) systems meets improved ride quality, vehicle stability, and load management, which are consumer expectations of sophisticated vehicle features. Large vehicle manufacturers such as Ford, General Motors, and Tesla use such systems in high end vehicles, and heavy duty vehicle manufacturers such as Freightliner and PACCAR use ECAS in their trucks for better performance and safety. Moreover, growth in logistics and online business has made commercial trucks with improved suspension systems essential to ensure cargo safety and vehicle longevity.
US car air suspension sales are on the rise by volume with the escalating need for luxurious car amenities along with improved ride comfort in high end SUVs and electric vehicles. Couple the electronically controlled air suspension systems with advanced driver assist systems (ADAS) in order to raise vehicle maneuvering and stability levels, in conjunction with satisfying customer need for premium car amenities. A prominent trend is the introduction by Hendrickson of the lightweight rear air suspension system. This innovation does away with conventional shock absorbers by incorporating damping within the air springs, providing stable ride quality and lower costs of maintenance for commercial vehicles.
Canada's automotive air suspension market is growing with increased demand for light duty trucks, SUVs, and electric vehicles that gain from improved ride comfort and load management. The transportation infrastructure in the country is well developed, and consumers largely want to travel long distances, making the need for advanced suspension systems for better stability and comfort essential. One of the major developments is Multimatic Inc.'s role in high performance cars such as the Ford GT and Aston Martin Valkyrie, demonstrating Canada's prowess in sophisticated suspension engineering and affirming its position in the air suspension sector.
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Global Automotive Air Suspension market size was valued at USD 6,145.5 Million in 2023 and is expected to grow from USD 6,562.1 Million in 2024 to USD 10,916.5 Million by 2032, growing at a CAGR of 6.5% in the forecast period (2025-2032).
The global automotive air suspension market is characterized by intense competition based on strategic innovation, product differentiation, and regional growth. Advanced technologies to improve ride and drive performance are priorities for companies. For example, in June 2024, Nidec Corporation announced a new air suspension motor created by its Chinese subsidiary. The space saving brushless motor delivers reliability and fast responsiveness to power air compressor regulating suspension height. By dynamic height adjustment according to driving conditions, Nidec cements market leadership, resonating with an even wider industry trend toward comfort-centric and performance-driven suspension systems. 'ZF Friedrichshafen AG', 'Continental AG', 'ThyssenKrupp AG', 'SAF Holland', 'Hendrickson International', 'Firestone Industrial Products Company, LLC', 'Vibracoustic SE', 'HL Mando Corporation', 'Astemo, Ltd.', 'VB-Airsuspension', 'Air Lift Company', 'Arnott Industries', 'Magneti Marelli S.p.A', 'STEMCO Products Inc.', 'KYB Corporation', 'ClearMotion', 'BWI Group', 'Dunlop Systems and Components', 'KH Automotive Technologies Co., Ltd.', 'Infinity Engineered Products'
The increasing use of electric vehicles (EVs) and their quick development in autonomous driving technologies are contributing significantly to the growth of the automotive air suspension market. Such suspension systems are especially compatible with EVs, as they serve well for the unique weight distribution of battery packs with excellent ride height and comfort. In autonomous cars, air suspension improves ride quality for passengers by automatically adapting to road conditions, thus providing better ride quality, greater stability, and a smoother, controlled driving experience.
Short-Term: In the near term, the automotive air suspension market is growing due to the rising demand for improved ride comfort and load management in passenger and commercial vehicles. Luxury cars and premium electric models like the Audi e-tron and Mercedes EQS are being fitted with electronically controlled air suspension systems that provide adaptive ride height and better handling. Also, there are commercial vehicles such as trucks and buses incorporating these systems to improve stability and minimize wear and tear on the road in answering the call for improved performance and efficiency in transportation.
Why is Asia-Pacific Leading Automotive Air Suspension Market in 2024?
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Report ID: SQMIG25A2425
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