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Automotive Air Suspension-Global Market Insights and Sales Trends 2024
Synopsis
The suspension system in a vehicle makes a vehicle ride comfortable and helps keep the vehicle in control. The suspension system essentially maximizes the friction between the tires and the road to provide steering stability and the required road grip. The main functionality of a suspension system is to offer driving comfort for passengers by absorbing vibrations and protection of the chassis components and body of the vehicle. The conventional suspension system is made up of several components like the chassis, which holds the body of the vehicle. The coil springs provide support to the vehicle weight and tend to absorb vibrations and noise when the vehicle is in contact with the road, thus reducing the shocks from affecting the passengers. The coil springs, struts, leaf springs and dampers are some of the suspension components which are predominantly used in all vehicles.
The global Automotive Air Suspension market size is expected to reach US$ 10270 million by 2029, growing at a CAGR of 5.3% from 2023 to 2029. The market is mainly driven by the significant applications of Automotive Air Suspension in various end use industries. The expanding demands from the Passenger Vehicle and Commercial Vehicle, are propelling Automotive Air Suspension market. Non-Electronically Controlled, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Electronically Controlled segment is estimated at % CAGR for the next seven-year period.
Automotive is a key driver of this industry. According to data from the World Automobile Organization (OICA), global automobile production and sales in 2017 reached their peak in the past 10 years, at 97.3 million and 95.89 million respectively. In 2018, the global economic expansion ended, and the global auto market declined as a whole. In 2022, there will wear units 81.6 million vehicles in the world. At present, more than 90% of the world's automobiles are concentrated in the three continents of Asia, Europe and North America, of which Asia automobile production accounts for 56% of the world, Europe accounts for 20%, and North America accounts for 16%. The world major automobile producing countries include China, the United States, Japan, South Korea, Germany, India, Mexico, and other countries; among them, China is the largest automobile producing country in the world, accounting for about 32%. Japan is the world's largest car exporter, exporting more than 3.5 million vehicles in 2022.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Automotive Air Suspension, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Automotive Air Suspension market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Automotive Air Suspension market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Automotive Air Suspension sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Automotive Air Suspension covered in this report include Thyssenkrupp AG, Continental Ag, Firestone International Corp, Hendrickson International Corp, Webco Holdings Inc, Accuair Suspension, Hitachi Ltd, Dunlop Systems and Components and Mando Corp, etc.
The global Automotive Air Suspension market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Thyssenkrupp AG
Continental Ag
Firestone International Corp
Hendrickson International Corp
Webco Holdings Inc
Accuair Suspension
Hitachi Ltd
Dunlop Systems and Components
Mando Corp
BWI Group
Global Automotive Air Suspension market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Automotive Air Suspension market, Segment by Type:
Non-Electronically Controlled
Electronically Controlled
Global Automotive Air Suspension market, by Application
Passenger Vehicle
Commercial Vehicle
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Automotive Air Suspension manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Automotive Air Suspension in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
The suspension system in a vehicle makes a vehicle ride comfortable and helps keep the vehicle in control. The suspension system essentially maximizes the friction between the tires and the road to provide steering stability and the required road grip. The main functionality of a suspension system is to offer driving comfort for passengers by absorbing vibrations and protection of the chassis components and body of the vehicle. The conventional suspension system is made up of several components like the chassis, which holds the body of the vehicle. The coil springs provide support to the vehicle weight and tend to absorb vibrations and noise when the vehicle is in contact with the road, thus reducing the shocks from affecting the passengers. The coil springs, struts, leaf springs and dampers are some of the suspension components which are predominantly used in all vehicles.
The global Automotive Air Suspension market size is expected to reach US$ 10270 million by 2029, growing at a CAGR of 5.3% from 2023 to 2029. The market is mainly driven by the significant applications of Automotive Air Suspension in various end use industries. The expanding demands from the Passenger Vehicle and Commercial Vehicle, are propelling Automotive Air Suspension market. Non-Electronically Controlled, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Electronically Controlled segment is estimated at % CAGR for the next seven-year period.
Automotive is a key driver of this industry. According to data from the World Automobile Organization (OICA), global automobile production and sales in 2017 reached their peak in the past 10 years, at 97.3 million and 95.89 million respectively. In 2018, the global economic expansion ended, and the global auto market declined as a whole. In 2022, there will wear units 81.6 million vehicles in the world. At present, more than 90% of the world's automobiles are concentrated in the three continents of Asia, Europe and North America, of which Asia automobile production accounts for 56% of the world, Europe accounts for 20%, and North America accounts for 16%. The world major automobile producing countries include China, the United States, Japan, South Korea, Germany, India, Mexico, and other countries; among them, China is the largest automobile producing country in the world, accounting for about 32%. Japan is the world's largest car exporter, exporting more than 3.5 million vehicles in 2022.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Automotive Air Suspension, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Automotive Air Suspension market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Automotive Air Suspension market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Automotive Air Suspension sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Automotive Air Suspension covered in this report include Thyssenkrupp AG, Continental Ag, Firestone International Corp, Hendrickson International Corp, Webco Holdings Inc, Accuair Suspension, Hitachi Ltd, Dunlop Systems and Components and Mando Corp, etc.
The global Automotive Air Suspension market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Thyssenkrupp AG
Continental Ag
Firestone International Corp
Hendrickson International Corp
Webco Holdings Inc
Accuair Suspension
Hitachi Ltd
Dunlop Systems and Components
Mando Corp
BWI Group
Global Automotive Air Suspension market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Automotive Air Suspension market, Segment by Type:
Non-Electronically Controlled
Electronically Controlled
Global Automotive Air Suspension market, by Application
Passenger Vehicle
Commercial Vehicle
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Automotive Air Suspension manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Automotive Air Suspension in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Automotive Air Suspension Market Overview
1.1 Automotive Air Suspension Product Overview
1.2 Automotive Air Suspension Market Segment by Type
1.2.1 Non-Electronically Controlled
1.2.2 Electronically Controlled
1.3 Global Automotive Air Suspension Market Size by Type
1.3.1 Global Automotive Air Suspension Market Size Overview by Type (2018-2029)
1.3.2 Global Automotive Air Suspension Historic Market Size Review by Type (2018-2023)
1.3.3 Global Automotive Air Suspension Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Automotive Air Suspension Sales Breakdown by Type (2018-2023)
1.4.2 Europe Automotive Air Suspension Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Automotive Air Suspension Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Automotive Air Suspension Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Automotive Air Suspension Sales Breakdown by Type (2018-2023)
2 Global Automotive Air Suspension Market Competition by Company
2.1 Global Top Players by Automotive Air Suspension Sales (2018-2023)
2.2 Global Top Players by Automotive Air Suspension Revenue (2018-2023)
2.3 Global Top Players by Automotive Air Suspension Price (2018-2023)
2.4 Global Top Manufacturers Automotive Air Suspension Manufacturing Base Distribution, Sales Area, Product Type
2.5 Automotive Air Suspension Market Competitive Situation and Trends
2.5.1 Automotive Air Suspension Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Automotive Air Suspension Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Automotive Air Suspension as of 2022)
2.7 Date of Key Manufacturers Enter into Automotive Air Suspension Market
2.8 Key Manufacturers Automotive Air Suspension Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Automotive Air Suspension Status and Outlook by Region
3.1 Global Automotive Air Suspension Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Automotive Air Suspension Historic Market Size by Region
3.2.1 Global Automotive Air Suspension Sales in Volume by Region (2018-2023)
3.2.2 Global Automotive Air Suspension Sales in Value by Region (2018-2023)
3.2.3 Global Automotive Air Suspension Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Automotive Air Suspension Forecasted Market Size by Region
3.3.1 Global Automotive Air Suspension Sales in Volume by Region (2024-2029)
3.3.2 Global Automotive Air Suspension Sales in Value by Region (2024-2029)
3.3.3 Global Automotive Air Suspension Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Automotive Air Suspension by Application
4.1 Automotive Air Suspension Market Segment by Application
4.1.1 Passenger Vehicle
4.1.2 Commercial Vehicle
4.2 Global Automotive Air Suspension Market Size by Application
4.2.1 Global Automotive Air Suspension Market Size Overview by Application (2018-2029)
4.2.2 Global Automotive Air Suspension Historic Market Size Review by Application (2018-2023)
4.2.3 Global Automotive Air Suspension Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Automotive Air Suspension Sales Breakdown by Application (2018-2023)
4.3.2 Europe Automotive Air Suspension Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Automotive Air Suspension Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Automotive Air Suspension Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Automotive Air Suspension Sales Breakdown by Application (2018-2023)
5 North America Automotive Air Suspension by Country
5.1 North America Automotive Air Suspension Historic Market Size by Country
5.1.1 North America Automotive Air Suspension Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Automotive Air Suspension Sales in Volume by Country (2018-2023)
5.1.3 North America Automotive Air Suspension Sales in Value by Country (2018-2023)
5.2 North America Automotive Air Suspension Forecasted Market Size by Country
5.2.1 North America Automotive Air Suspension Sales in Volume by Country (2024-2029)
5.2.2 North America Automotive Air Suspension Sales in Value by Country (2024-2029)
6 Europe Automotive Air Suspension by Country
6.1 Europe Automotive Air Suspension Historic Market Size by Country
6.1.1 Europe Automotive Air Suspension Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Automotive Air Suspension Sales in Volume by Country (2018-2023)
6.1.3 Europe Automotive Air Suspension Sales in Value by Country (2018-2023)
6.2 Europe Automotive Air Suspension Forecasted Market Size by Country
6.2.1 Europe Automotive Air Suspension Sales in Volume by Country (2024-2029)
6.2.2 Europe Automotive Air Suspension Sales in Value by Country (2024-2029)
7 Asia-Pacific Automotive Air Suspension by Region
7.1 Asia-Pacific Automotive Air Suspension Historic Market Size by Region
7.1.1 Asia-Pacific Automotive Air Suspension Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Automotive Air Suspension Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Automotive Air Suspension Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Automotive Air Suspension Forecasted Market Size by Region
7.2.1 Asia-Pacific Automotive Air Suspension Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Automotive Air Suspension Sales in Value by Region (2024-2029)
8 Latin America Automotive Air Suspension by Country
8.1 Latin America Automotive Air Suspension Historic Market Size by Country
8.1.1 Latin America Automotive Air Suspension Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Automotive Air Suspension Sales in Volume by Country (2018-2023)
8.1.3 Latin America Automotive Air Suspension Sales in Value by Country (2018-2023)
8.2 Latin America Automotive Air Suspension Forecasted Market Size by Country
8.2.1 Latin America Automotive Air Suspension Sales in Volume by Country (2024-2029)
8.2.2 Latin America Automotive Air Suspension Sales in Value by Country (2024-2029)
9 Middle East and Africa Automotive Air Suspension by Country
9.1 Middle East and Africa Automotive Air Suspension Historic Market Size by Country
9.1.1 Middle East and Africa Automotive Air Suspension Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Automotive Air Suspension Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Automotive Air Suspension Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Automotive Air Suspension Forecasted Market Size by Country
9.2.1 Middle East and Africa Automotive Air Suspension Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Automotive Air Suspension Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Thyssenkrupp AG
10.1.1 Thyssenkrupp AG Company Information
10.1.2 Thyssenkrupp AG Introduction and Business Overview
10.1.3 Thyssenkrupp AG Automotive Air Suspension Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Thyssenkrupp AG Automotive Air Suspension Products Offered
10.1.5 Thyssenkrupp AG Recent Development
10.2 Continental Ag
10.2.1 Continental Ag Company Information
10.2.2 Continental Ag Introduction and Business Overview
10.2.3 Continental Ag Automotive Air Suspension Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Continental Ag Automotive Air Suspension Products Offered
10.2.5 Continental Ag Recent Development
10.3 Firestone International Corp
10.3.1 Firestone International Corp Company Information
10.3.2 Firestone International Corp Introduction and Business Overview
10.3.3 Firestone International Corp Automotive Air Suspension Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Firestone International Corp Automotive Air Suspension Products Offered
10.3.5 Firestone International Corp Recent Development
10.4 Hendrickson International Corp
10.4.1 Hendrickson International Corp Company Information
10.4.2 Hendrickson International Corp Introduction and Business Overview
10.4.3 Hendrickson International Corp Automotive Air Suspension Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Hendrickson International Corp Automotive Air Suspension Products Offered
10.4.5 Hendrickson International Corp Recent Development
10.5 Webco Holdings Inc
10.5.1 Webco Holdings Inc Company Information
10.5.2 Webco Holdings Inc Introduction and Business Overview
10.5.3 Webco Holdings Inc Automotive Air Suspension Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Webco Holdings Inc Automotive Air Suspension Products Offered
10.5.5 Webco Holdings Inc Recent Development
10.6 Accuair Suspension
10.6.1 Accuair Suspension Company Information
10.6.2 Accuair Suspension Introduction and Business Overview
10.6.3 Accuair Suspension Automotive Air Suspension Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Accuair Suspension Automotive Air Suspension Products Offered
10.6.5 Accuair Suspension Recent Development
10.7 Hitachi Ltd
10.7.1 Hitachi Ltd Company Information
10.7.2 Hitachi Ltd Introduction and Business Overview
10.7.3 Hitachi Ltd Automotive Air Suspension Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Hitachi Ltd Automotive Air Suspension Products Offered
10.7.5 Hitachi Ltd Recent Development
10.8 Dunlop Systems and Components
10.8.1 Dunlop Systems and Components Company Information
10.8.2 Dunlop Systems and Components Introduction and Business Overview
10.8.3 Dunlop Systems and Components Automotive Air Suspension Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Dunlop Systems and Components Automotive Air Suspension Products Offered
10.8.5 Dunlop Systems and Components Recent Development
10.9 Mando Corp
10.9.1 Mando Corp Company Information
10.9.2 Mando Corp Introduction and Business Overview
10.9.3 Mando Corp Automotive Air Suspension Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Mando Corp Automotive Air Suspension Products Offered
10.9.5 Mando Corp Recent Development
10.10 BWI Group
10.10.1 BWI Group Company Information
10.10.2 BWI Group Introduction and Business Overview
10.10.3 BWI Group Automotive Air Suspension Sales, Revenue and Gross Margin (2018-2023)
10.10.4 BWI Group Automotive Air Suspension Products Offered
10.10.5 BWI Group Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Automotive Air Suspension Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Automotive Air Suspension Industrial Chain Analysis
11.4 Automotive Air Suspension Market Dynamics
11.4.1 Automotive Air Suspension Industry Trends
11.4.2 Automotive Air Suspension Market Drivers
11.4.3 Automotive Air Suspension Market Challenges
11.4.4 Automotive Air Suspension Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Automotive Air Suspension Distributors
12.3 Automotive Air Suspension Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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