Automotive Air Suspension Market Updates

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?