Air Suspension Market

Air Suspension Market Size (2023-2028):

The Global Automotive Seats Market was worth US$ 18.01 billion in 2022 and is anticipated to reach a valuation of US$ 22.12 billion by 2028 and is predicted to register a CAGR of 4.20% during 2023-2028.

Air suspension is a kind of suspension framework utilized in vehicles to give solace to drivers while driving. These pumps or blowers joined to the suspension framework permit air to stream into the suspension framework, which is typically produced using textile-fortified rubber. The air suspension framework is utilized in a vehicle as a swap for traditional steel springs and has a more extensive application in heavy vehicles, for example, buses, trucks, rolling stock, and different substantial vehicles.

Increasing interest in higher automobile safety and upgraded passenger comfort are among the primary considerations boosting the worldwide air suspension market. The suspension is responsible for the quality of rides and control of vehicle handling, as automobiles with firm suspension could bring about more prominent control of body movements and rapid responses. Ambulances have a unique requirement for a significant level of ride quality, to maintain a strategic distance from further injury to the effectively sick passengers. Such factors have supported the interest in higher driving solace, which in the long run impacts the air suspension market.

Market Drivers:

The booming vehicle segment is expected to drive the car air suspension market during the estimated time frame. The essential capacity of the air suspension framework is to give a pleasant ride to the driver. Subsequently, air suspension is an element that is fundamentally predominant in luxury automobiles and high-end models of cars. Expanding mechanical progressions, for example, electronically controlled air suspension systems (ECAS) have been picking up footing as of late. This is additionally foreseen to fuel the global air suspension market during the forecast period.

Market Restraints:

Most key makers of passenger automobiles don't want to give air suspension in cars that fall in the medium-cost range classification attributable to the significant expense of the framework. This is anticipated to hinder the global air suspension market during the estimated time frame.

Market Recent Developments:

• Hendrickson Truck Commercial Vehicle Systems reports the presentation of ROADMAAX™, the next-gen in heavy-duty back air suspensions, for fire and salvage automobiles in North America at FDIC in Indianapolis. ROADMAAX will fill in as the new back air suspension for Rosenbauer's new SA Viper ethereal truck.
• Hendrickson Trailer Commercial Vehicle Systems takes low support suspension frameworks to the following level with the dispatch of its most recent advancement, Zero-Maintenance Damping (ZMD™) ride innovation.
• Hendrickson International is perceived for item development for the organization's AIRTEK Integrated Front Air Suspension and Steer Axle System. This suspension framework is extraordinarily based on its specialized highlights, just as its predominant exhibition qualities, upgrading the driveability of hardcore trucks on which it is utilized.
• The innovation organization Continental has built up another solution called Continental Air Supply (CAirS). This profoundly coordinated air supply framework improves establishment in the vehicle since it comes as a total unit. It likewise has a versatile scope of capacities, permitting it to be utilized for essential level control or for completely coordinated solutions that control all undertakings identifying with the spring rate and damping. CAirS is a closed framework with a pressure reservoir, which implies that it is particularly peaceful and productive.

AIR SUSPENSION MARKET REPORT COVERAGE:

Market Segmentation:

Air Suspension Market - By Vehicle Type:

• Light Commercial Vehicles (LCV)
• Trucks
• Bus

Commercial vehicles, particularly heavy-duty trucks, buses, and coaches are liable to shocks to a more significant degree contrasted with passenger cars. Air suspension frameworks help in shock retention. This is foreseen to give promising chances to the development of the vehicle air suspension market during the predicted time.

Air Suspension Market - By Component:

• Air Spring
• Tank
• Solenoid Valve
• Shock Absorber
• Air Compressor
• Electronic Control Unit (ECU)
• Height & Pressure Sensor
• Others

With consistent up-gradation in the automotive segment, the interest in vehicles furnished with the most recent and propelled parts has expanded over the globe. This has likewise developed the interest in lightweight vehicles present over the world. Therefore, to meet this standard, vehicle producers have favored lightweight suspension frameworks over metal spring-based suspension frameworks. This appropriation has driven producers to utilize lightweight parts for producing suspension frameworks. Along these lines, the expanding interest in lightweight air suspension frameworks has prompted the development of the market during the conjecture time frame.

Air Suspension Market - By Technology Type:

• Electronic Controlled
• Non-Electronic Controlled 

The electronically controlled air suspension (ECAS) is foretold to grow at a fast pace during the conjecture time frame inferable from the rising customer inclination toward vehicles with mechanically advanced frameworks. ECAS empowers better leveling of the vehicle, diminished air utilization, decreased vibration, more comfortable ride, higher stability, ideal road grasp, and the capacity to adjust to fluctuating load capacities.

Air Suspension Market - By Sales Channel Type:

• Original Equipment Manufacturers (OEMs)
• Aftermarket

The OEM fragment is envisioned to extend at a critical development rate during the outlook period attributable to the way that the air suspension framework doesn't require substitution frequently.

Market Reginal Analysis:

The Global Air Suspension Market Report includes the segmentation of regions:

• North America - U.S, Canada
• Europe - Norway, Germany, Sweden
• Asia Pacific - China, India, Japan
• Latin America - Brazil, Mexico, Argentina
• Middle East and Africa - Middle East, Africa

Asia-Pacific and North America jointly represented about 67.4% of the global air suspension market share in 2018. The biggest air suspension market in terms of volume and share in Europe. The first equipment makers in the European districts are making exceptionally progressed new items with their upgrading specialized abilities and are subsequently ready to fulfill the needs for air suspension frameworks. Around 15 to 20% of passenger vehicles fitted with air suspension frameworks are sold in Europe. The Asia-Pacific air suspension market is developing at a lively rate with China driving the numbers in the market. India is one of the biggest passenger vehicle markets on the planet, be that as it may, the infiltration of air suspension is low, which is foreseen to increment during the estimated time frame.

Market Key Players:

1. ThyssenKrupp AG
2. Hendrickson International Corporation
3. Continental AG
4. Dunlop Systems and Components
5. Wabco Holding Inc.
6. Hitachi Ltd.
7. Fiat Chrysler Automobiles
8. BMW AG
9. Volvo
10. Daimler AG