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Global Air Suspension Market to reach USD XX billion by the end of 2030.

Global Air Suspension Market Size study & Forecast, by Vehicle Type (Light Commercial Vehicle (LCV), Trucks, Bus), by Component (Air Spring, Tank, Solenoid Valve, Shock Absorber, Air Compressor, Electronic Control Unit (ECU), Height & Pressure Sensor, Others), by Technology (Electronic Controlled, Non-Electronic Controlled), by Sales Channel (Original Equipment Manufacturers (OEMs), Aftermarket) and Regional Analysis, 2023-2030

Product Code: ALTAMC-14358590
Publish Date: 30-10-2023
Page: 200

Global Air Suspension Market is valued at approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030. Air suspension is a type of vehicle suspension system that uses compressed air as a springing medium to support the weight of the vehicle and absorb road shocks and vibrations. Instead of traditional steel coil or leaf springs, air suspension relies on airbags or air springs to provide a more adjustable and comfortable ride. The air pressure inside these airbags can be adjusted, allowing for varying levels of stiffness or softness in the suspension. The key factors driving the market growth are rising global commercial vehicle sales, increasing demand for premium and luxury vehicles, and growing vehicle customization and personalization trends that anticipated to support the market growth during the forecast period 2023-2030.

Moreover, the growing demand for commercial vehicles is creating a significant impact on the Air Suspension Market. With the rise in commercial vehicle production and usage, there is a growing emphasis on improving their overall performance, safety, and comfort. The Air suspension offers several advantages over conventional steel spring suspensions, such as enhanced ride quality, better load-carrying capacity, and improved stability and control, especially for larger and heavier vehicles. According to Statista, in 2014 the sales of commercial vehicle in China were 3.79 million units and in 2021 the number reached 4.79 million units. Also, according to the same source, in Canada 1.12 million commercial vehicles were sold in 2014 and in 2021 the number reached 1.38 million. As a result, rising sales of commercial vehicle is anticipated to create a lucrative demand for the market. Additionally, increasing demand for lightweight air suspension systems and rising aftermarket demand for air suspension & related components are anticipated to create lucrative opportunities for the market during the forecast period 2023-2030. However, the high development and adoption cost of air suspension stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Air Suspension Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the increasing demand for luxury vehicles, the growing commercial vehicle market, increased focus on safety, and rising interest in customization. Whereas, the Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as the growing automotive industry, rising demand for luxury and premium vehicles, growing focus on ride comfort and safety, and increased adoption in commercial vehicles.

Major market player included in this report are:
Saf-Holland S.A.
Continental Ag.
Thyssenkrupp Ag
Bwi Group
Hendrickson USA L.L.C.
Hitachi Ltd.
Accuair Suspension
Firestone Industrial Products (Subsidairy Of Bridgestone)
Mando Corporation

Recent Developments in the Market:
Ø In May 2021, Firestone announced plans to expand its Williamsburg, Kentucky Firestone Industrial Products Plant to meet the rising demand for innovative air suspension technology in electric vehicles.
Global Air Suspension Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Vehicle Type, Component, Technology, Sales Channel, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Vehicle Type:
Light Commercial Vehicle (LCV)
By Component:
Air Spring
Solenoid Valve
Shock Absorber
Air Compressor
Electronic Control Unit (ECU)
Height & Pressure Sensor
By Technology:
Electronic Controlled
Non-Electronic Controlled
By Sales Channel:
Original Equipment Manufacturers (OEMs)
By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Air Suspension Market, by Region, 2020-2030 (USD Billion)
1.2.2. Air Suspension Market, by Vehicle Type, 2020-2030 (USD Billion)
1.2.3. Air Suspension Market, by Component, 2020-2030 (USD Billion)
1.2.4. Air Suspension Market, by Technology, 2020-2030 (USD Billion)
1.2.5. Air Suspension Market, by Sales Channel, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Air Suspension Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Air Suspension Market Dynamics
3.1. Air Suspension Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Rising global commercial vehicle sales Increasing demand for premium and luxury vehicles Growing vehicle customization and personalization trends
3.1.2. Market Challenges High development and adoption cost of air suspension
3.1.3. Market Opportunities Increasing demand for lightweight air suspension system Rising aftermarket demand for air suspension & related components
Chapter 4. Global Air Suspension Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Air Suspension Market, by Vehicle Type
5.1. Market Snapshot
5.2. Global Air Suspension Market by Vehicle Type, Performance – Potential Analysis
5.3. Global Air Suspension Market Estimates & Forecasts by Vehicle Type 2020-2030 (USD Billion)
5.4. Air Suspension Market, Sub Segment Analysis
5.4.1. Light Commercial Vehicle (LCV)
5.4.2. Trucks
5.4.3. Bus
Chapter 6. Global Air Suspension Market, by Component
6.1. Market Snapshot
6.2. Global Air Suspension Market by Component, Performance – Potential Analysis
6.3. Global Air Suspension Market Estimates & Forecasts by Component 2020-2030 (USD Billion)
6.4. Air Suspension Market, Sub Segment Analysis
6.4.1. Air Spring
6.4.2. Tank
6.4.3. Solenoid Valve
6.4.4. Shock Absorber
6.4.5. Air Compressor
6.4.6. Electronic Control Unit (ECU)
6.4.7. Height & Pressure Sensor
6.4.8. Others
Chapter 7. Global Air Suspension Market, by Technology
7.1. Market Snapshot
7.2. Global Air Suspension Market by Technology, Performance – Potential Analysis
7.3. Global Air Suspension Market Estimates & Forecasts by Technology 2020-2030 (USD Billion)
7.4. Air Suspension Market, Sub Segment Analysis
7.4.1. Electronic Controlled
7.4.2. Non-Electronic Controlled
Chapter 8. Global Air Suspension Market, by Sales Channel
8.1. Market Snapshot
8.2. Global Air Suspension Market by Sales Channel, Performance – Potential Analysis
8.3. Global Air Suspension Market Estimates & Forecasts by Sales Channel 2020-2030 (USD Billion)
8.4. Air Suspension Market, Sub Segment Analysis
8.4.1. Original Equipment Manufacturers (OEMs)
8.4.2. Aftermarket
Chapter 9. Global Air Suspension Market, Regional Analysis
9.1. Top Leading Countries
9.2. Top Emerging Countries
9.3. Air Suspension Market, Regional Market Snapshot
9.4. North America Air Suspension Market
9.4.1. U.S. Air Suspension Market Vehicle Type breakdown estimates & forecasts, 2020-2030 Component breakdown estimates & forecasts, 2020-2030 Technology breakdown estimates & forecasts, 2020-2030 Sales Channel breakdown estimates & forecasts, 2020-2030
9.4.2. Canada Air Suspension Market
9.5. Europe Air Suspension Market Snapshot
9.5.1. U.K. Air Suspension Market
9.5.2. Germany Air Suspension Market
9.5.3. France Air Suspension Market
9.5.4. Spain Air Suspension Market
9.5.5. Italy Air Suspension Market
9.5.6. Rest of Europe Air Suspension Market
9.6. Asia-Pacific Air Suspension Market Snapshot
9.6.1. China Air Suspension Market
9.6.2. India Air Suspension Market
9.6.3. Japan Air Suspension Market
9.6.4. Australia Air Suspension Market
9.6.5. South Korea Air Suspension Market
9.6.6. Rest of Asia Pacific Air Suspension Market
9.7. Latin America Air Suspension Market Snapshot
9.7.1. Brazil Air Suspension Market
9.7.2. Mexico Air Suspension Market
9.8. Middle East & Africa Air Suspension Market
9.8.1. Saudi Arabia Air Suspension Market
9.8.2. South Africa Air Suspension Market
9.8.3. Rest of Middle East & Africa Air Suspension Market

Chapter 10. Competitive Intelligence
10.1. Key Company SWOT Analysis
10.1.1. Company 1
10.1.2. Company 2
10.1.3. Company 3
10.2. Top Market Strategies
10.3. Company Profiles
10.3.1. Saf-Holland S.A. Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
10.3.2. Continental Ag.
10.3.3. Thyssenkrupp Ag
10.3.4. Bwi Group
10.3.5. Hendrickson USA L.L.C.
10.3.6. Hitachi Ltd.
10.3.7. Accuair Suspension
10.3.8. Wabco
10.3.9. Firestone Industrial Products (Subsidairy of Bridgestone)
10.3.10. Mando Corporation
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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