Air Suspension Market - Industry Analysis, Market Size, Share, Trends,Application Analysis, Growth and Forecast 2020 - 2025

Report Code: AM 52512 Report Format: PDF + Excel (Delivery in 48 Hrs)
Air Suspension Market Overview

Air Suspension Market size was valued at $5.37 billion in 2019, and it is estimated to grow at a CAGR of 6.86% during 2020-2025. The growth is mainly attributed to the increasing adoption of air compressors, suspension systems, and other advanced components in commercial and luxurious vehicles is poised to drive the air suspension market. Increasing research and development activities and high adoption of automatic air suspension system is poised to propel the market growth during forecast period.

Report Coverage
The report: “Air Suspension Market Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Air Suspension Market. 
 
By Component: Air Spring Assembly, Shock Absorber, Air Compressor, Electronic Control Module, Air Reservoir, Height Sensor, Others
By Technology: Electronically Controlled, Non-Electrically Controlled
By Vehicle: Light Duty Vehicles, Heavy Duty Vehicle,
By Geography: North America, South America, Europe, Asia-Pacific (APAC), Rest of World (RoW)

Key Takeaways
• Europe dominated the Air Suspension market in term of revenue in 2019 owing to increase in production of commercial vehicles and stringent regulations for the adoption of advanced components and systems.
• Growing demand for luxurious and premium vehicles and increasing adoption of air suspension systems in commercial light duty vehicles set to drive the market.
• Replacing metal springs with air suspension systems such as shock absorbers and air springs is set to provide opportunities for the market growth.
• High adoption cost for air suspension systems in low range vehicles hampers the growth of air suspension industry.

Technology - Segment Analysis

Electrically controlled segment held the major market share of 51.86% in 2019 owing to its benefits such as heavy load carrying capacity, higher stability, optimum road grip, additional driving comfort, various adjustment options, and enhanced safety level. In order to meet the requirements of high performance of air suspension systems in a cost favorable way, there is high demand for adoption of electrically controlled systems. This is poised to drive the market.

Vehicle - Segment Analysis

Light-Duty Vehicle is the fastest growing segment in Air Suspension market and estimated to grow at a CAGR of 7.38% during the forecast period. With continuous innovation and developments in the automobile sector, the demand for vehicles equipped with the advanced components has increased which further increased the demand for lightweight vehicles. Vehicle manufacturers are focusing on light weight suspension systems over metal spring-based suspension systems. Growing demand for sophisticated features and light weight components have led to the development of advanced components. This is poised to drive the market during forecast period.

Geography- Segment Analysis

Europe dominated the Air Suspension market in 2019 with a market share of 37.67%, followed by North America and APAC. High adoption of air suspension in most of the vehicles owing stringent regulations have been pushing the market growth in this region. There has been increase in production of cars and commercial vehicles in the countries such as Austria, Finland, Hungary, Portugal, Romania, Slovakia and Ukraine. For instance, Mercedes Benz and other luxurious vehicles manufacturing companies haveheadquarters in this region and install air suspension units to all the wheels of its vehicles in order to ensure the safety. This drives the market in this region.

Drivers –Air Suspension Market

Increase in global commercial vehicles
With the adoption of advanced technologies including automation in automobile industry, there has been growing demand of advanced vehicles which are equipped with latest components such as air suspension systems. The installation of advanced air suspension system in commercial vehicles has increased comfort level while driving and assists in reducing driver fatigue during long journeys. According to International Organization of Motor Vehicle Manufacturers (OICA), the production of commercial vehiclesat global level has been increased from 22.87 million to 24.63 million during 2016-2019 period. These factors has increased the demand for commercial vehicles sales thereby driving air suspension market.

Government rules and regulations
In luxury vehicles, air suspension is usually installed to make the ride as smooth as possible. For instance, Mercedes is the only car manufacturer that provides its car with air suspension system for all wheels. Additionally, Government at global level has made mandatory rules and regulations to replace metal based spring systems in vehicles with air suspension system for safety. This has enabled vehicle manufacturers to install air suspension systems in vehicles which leads to the growth of the air suspension market.Automobile manufactures need to obtain safety ratings from organizations such as Insurance Institute of Highway Safety (IIHS), and International Centre for Automotive Technology (ICAT) to access sales license of vehicles. Therefore, safety rules and regulations for vehicles made by governments are expected for growth of the market.

Challenges – Air Suspension Market

High development and high adoption cost is the major challenge
The high cost associated with installing suspension system in vehicles is anticipated to reduce the growth of the air suspension market as it upsurges the cost of a car. In most of the vehicles, even in luxury vehicles, the installation of an air suspension system becomes an additional cost. Additionally, the service of vehicles is difficult and requires skilled workers due to several components and sensors present in them. Complex structure of system minimizes the shelf life of vehicles. Therefore, high initial cost and complex structure is anticipated to have a significant impact on the growth of the market.

MarketLandscape
Acquisitions, mergersand R&D activities are key strategies adopted by players in the Air Suspension market. Air Suspension top 10 companies include Continental AG, ThyssenKrupp AG, Firestone Industrial Products, Wabco Holdings Inc, Hitachi Ltd, SAF-Holland, Hendrickson International Corporation, Accuair Suspension, Mando Corporationand others.

Acquisitions/Technology Launches
  • In June 2019, Wabco Holdings Inc had planned to merge with ZF Friedrichshafen which is a global supplier of passenger cars, commercial vehicles and industrial technology. Under this agreement ZF Company had planned to acquire Wabco for $7 billion with $136.50 per share.
  • In October 2019, Hendrickson had acquired Liteflex Composite Springs which is the global manufacturer of advanced composite suspension springs. Acquisition of companies is poised to increase the Air Suspension market share.

1. Air Suspension Market - Overview
        1.1 Definitions and Scope
2. Air Suspension Market - Executive summary
        2.1 Market Revenue, Market Size and Key Trends by Company
        2.2 Key Trends by type of Application
        2.3 Key Trends segmented by Geography
3. Air Suspension Market
        3.1 Comparative analysis
            3.1.1 Product Benchmarking - Top 10 companies
            3.1.2 Top 5 Financials Analysis
            3.1.3 Market Value split by Top 10 companies
            3.1.4 Patent Analysis - Top 10 companies
            3.1.5 Pricing Analysis
4. Air Suspension Market - Startup companies Scenario Premium
        4.1 Top 10 startup company Analysis by
            4.1.1 Investment
            4.1.2 Revenue
            4.1.3 Market Shares
            4.1.4 Market Size and Application Analysis
            4.1.5 Venture Capital and Funding Scenario
5. Air Suspension Market - Industry Market Entry Scenario Premium
        5.1 Regulatory Framework Overview
        5.2 New Business and Ease of Doing business index
        5.3 Case studies of successful ventures
        5.4 Customer Analysis - Top 10 companies
6. Air Suspension Market Forces
        6.1 Drivers
        6.2 Constraints
        6.3 Challenges
        6.4 Porters five force model
            6.4.1 Bargaining power of suppliers
            6.4.2 Bargaining powers of customers
            6.4.3 Threat of new entrants
            6.4.4 Rivalry among existing players
            6.4.5 Threat of substitutes
7. Air Suspension Market - Strategic analysis
        7.1 Value chain analysis
        7.2 Opportunities analysis
        7.3 Product life cycle
        7.4 Suppliers and distributors Market Share
8. Air Suspension Market - By Product Type(Market Size -$Million / $Billion)
        8.1 Market Size and Market Share Analysis
        8.2 Application Revenue and Trend Research
        8.3 Product Segment Analysis
9. Air Suspension Market By Component (Market Size -$Million / $Billion)
9.1 Air Spring Market By Region
9.2 Shock Absorber Market By Region
9.3 Air Compressor Market By Region
9.4 Electronic Control Module Market By Region
9.5 Air Reservoir Market By Region
9.6 Height Sensor Market By Region
10. Air Suspension Market By Technology (Market Size -$Million / $Billion)
10.1 Electronically Controlled Air Suspension Market By Region
10.2 Non-Electronically Controlled Air Suspension Market By Region
11. Air Suspension - By Geography (Market Size -$Million / $Billion)
        11.1 Air Suspension Market - North America Segment Research
        11.2 North America Market Research (Million / $Billion)
            11.2.1 Segment type Size and Market Size Analysis
            11.2.2 Revenue and Trends
            11.2.3 Application Revenue and Trends by type of Application
            11.2.4 Company Revenue and Product Analysis
            11.2.5 North America Product type and Application Market Size
                  11.2.5.1 U.S
                  11.2.5.2 Canada
                  11.2.5.3 Mexico
                  11.2.5.4 Rest of North America
        11.3 Air Suspension- South America Segment Research
        11.4 South America Market Research (Market Size -$Million / $Billion)
            11.4.1 Segment type Size and Market Size Analysis
            11.4.2 Revenue and Trends
            11.4.3 Application Revenue and Trends by type of Application
            11.4.4 Company Revenue and Product Analysis
            11.4.5 South America Product type and Application Market Size
                  11.4.5.1 Brazil
                  11.4.5.2 Venezuela
                  11.4.5.3 Argentina
                  11.4.5.4 Ecuador
                  11.4.5.5 Peru
                  11.4.5.6 Colombia
                  11.4.5.7 Costa Rica
                  11.4.5.8 Rest of South America
        11.5 Air Suspension- Europe Segment Research
        11.6 Europe Market Research (Market Size -$Million / $Billion)
            11.6.1 Segment type Size and Market Size Analysis
            11.6.2 Revenue and Trends
            11.6.3 Application Revenue and Trends by type of Application
            11.6.4 Company Revenue and Product Analysis
            11.6.5 Europe Segment Product type and Application Market Size
                  11.6.5.1 U.K
                  11.6.5.2 Germany
                  11.6.5.3 Italy
                  11.6.5.4 France
                  11.6.5.5 Netherlands
                  11.6.5.6 Belgium
                  11.6.5.7 Denmark
                  11.6.5.8 Spain
                  11.6.5.9 Rest of Europe
        11.7 Air Suspension - APAC Segment Research
        11.8 APAC Market Research (Market Size -$Million / $Billion)
            11.8.1 Segment type Size and Market Size Analysis
            11.8.2 Revenue and Trends
            11.8.3 Application Revenue and Trends by type of Application
            11.8.4 Company Revenue and Product Analysis
            11.8.5 APAC Segment - Product type and Application Market Size
                  11.8.5.1 China
                  11.8.5.2 Australia
                  11.8.5.3 Japan
                  11.8.5.4 South Korea
                  11.8.5.5 India
                  11.8.5.6 Taiwan
                  11.8.5.7 Malaysia
                  11.8.5.8 Hong kong
                  11.8.5.9 Rest of APAC
        11.9 Air Suspension - Middle East Segment and Africa Segment Research
        11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
            11.11.1 Segment type Size and Market Size Analysis
            11.11.2 Revenue and Trend Analysis
            11.11.3 Application Revenue and Trends by type of Application
            11.11.4 Company Revenue and Product Analysis
            11.11.5 Middle East Segment Product type and Application Market Size
                  11.11.5.1 Israel
                  11.11.5.2 Saudi Arabia
                  11.11.5.3 UAE
            11.11.6 Africa Segment Analysis
                  11.11.6.1 South Africa
                  11.11.6.2 Rest of Middle East & Africa
12. Air Suspension Market - Entropy
        12.1 New product launches
        12.2 M&A s, collaborations, JVs and partnerships
13. Air Suspension Market - Industry / Segment Competition landscape Premium
        13.1 Market Share Analysis
            13.1.1 Market Share by Country- Top companies
            13.1.2 Market Share by Region- Top 10 companies
            13.1.3 Market Share by type of Application - Top 10 companies
            13.1.4 Market Share by type of Product / Product category- Top 10 companies
            13.1.5 Market Share at global level - Top 10 companies
            13.1.6 Best Practises for companies
14. Air Suspension Market - Key Company List by Country Premium
15. Air Suspension Market Company Analysis
15.1 Market Share, Company Revenue, Products, M&A, Developments
15.2 Accuair Suspension
15.3 BWI Group
15.4 Continental AG
15.5 Dunlop Systems & Components
15.6 Firestone Industrial Products
15.7 Hendrickson International Corporation
15.8 Hitachi Ltd.
15.9 Mando Corporation
15.10 Thyssenkrupp AG
15.11 Wabco Holdings Inc.
15.12 Company 11
15.13 Company 12 & More
*Financials would be provided on a best efforts basis for private companies
16. Air Suspension Market - Appendix
        16.1 Abbreviations
        16.2 Sources
17. Air Suspension Market - Methodology
        17.1 Research Methodology
            17.1.1 Company Expert Interviews
            17.1.2 Industry Databases
            17.1.3 Associations
            17.1.4 Company News
            17.1.5 Company Annual Reports
            17.1.6 Application Trends
            17.1.7 New Products and Product database
            17.1.8 Company Transcripts
            17.1.9 R&D Trends
            17.1.10 Key Opinion Leaders Interviews
            17.1.11 Supply and Demand Trends

LIST OF TABLES

1.Global Air Suspension Market By Component Market 2019-2024 ($M)
1.1 Air Spring Market By Region Market 2019-2024 ($M) - Global Industry Research
1.2 Shock Absorber Market By Region Market 2019-2024 ($M) - Global Industry Research
1.3 Air Compressor Market By Region Market 2019-2024 ($M) - Global Industry Research
1.4 Electronic Control Module Market By Region Market 2019-2024 ($M) - Global Industry Research
1.5 Air Reservoir Market By Region Market 2019-2024 ($M) - Global Industry Research
1.6 Height Sensor Market By Region Market 2019-2024 ($M) - Global Industry Research
2.Global Air Suspension Market By Technology Market 2019-2024 ($M)
2.1 Electronically Controlled Air Suspension Market By Region Market 2019-2024 ($M) - Global Industry Research
2.2 Non-Electronically Controlled Air Suspension Market By Region Market 2019-2024 ($M) - Global Industry Research
3.Global Air Suspension Market By Component Market 2019-2024 (Volume/Units)
3.1 Air Spring Market By Region Market 2019-2024 (Volume/Units) - Global Industry Research
3.2 Shock Absorber Market By Region Market 2019-2024 (Volume/Units) - Global Industry Research
3.3 Air Compressor Market By Region Market 2019-2024 (Volume/Units) - Global Industry Research
3.4 Electronic Control Module Market By Region Market 2019-2024 (Volume/Units) - Global Industry Research
3.5 Air Reservoir Market By Region Market 2019-2024 (Volume/Units) - Global Industry Research
3.6 Height Sensor Market By Region Market 2019-2024 (Volume/Units) - Global Industry Research
4.Global Air Suspension Market By Technology Market 2019-2024 (Volume/Units)
4.1 Electronically Controlled Air Suspension Market By Region Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 Non-Electronically Controlled Air Suspension Market By Region Market 2019-2024 (Volume/Units) - Global Industry Research
5.North America Air Suspension Market By Component Market 2019-2024 ($M)
5.1 Air Spring Market By Region Market 2019-2024 ($M) - Regional Industry Research
5.2 Shock Absorber Market By Region Market 2019-2024 ($M) - Regional Industry Research
5.3 Air Compressor Market By Region Market 2019-2024 ($M) - Regional Industry Research
5.4 Electronic Control Module Market By Region Market 2019-2024 ($M) - Regional Industry Research
5.5 Air Reservoir Market By Region Market 2019-2024 ($M) - Regional Industry Research
5.6 Height Sensor Market By Region Market 2019-2024 ($M) - Regional Industry Research
6.North America Air Suspension Market By Technology Market 2019-2024 ($M)
6.1 Electronically Controlled Air Suspension Market By Region Market 2019-2024 ($M) - Regional Industry Research
6.2 Non-Electronically Controlled Air Suspension Market By Region Market 2019-2024 ($M) - Regional Industry Research
7.South America Air Suspension Market By Component Market 2019-2024 ($M)
7.1 Air Spring Market By Region Market 2019-2024 ($M) - Regional Industry Research
7.2 Shock Absorber Market By Region Market 2019-2024 ($M) - Regional Industry Research
7.3 Air Compressor Market By Region Market 2019-2024 ($M) - Regional Industry Research
7.4 Electronic Control Module Market By Region Market 2019-2024 ($M) - Regional Industry Research
7.5 Air Reservoir Market By Region Market 2019-2024 ($M) - Regional Industry Research
7.6 Height Sensor Market By Region Market 2019-2024 ($M) - Regional Industry Research
8.South America Air Suspension Market By Technology Market 2019-2024 ($M)
8.1 Electronically Controlled Air Suspension Market By Region Market 2019-2024 ($M) - Regional Industry Research
8.2 Non-Electronically Controlled Air Suspension Market By Region Market 2019-2024 ($M) - Regional Industry Research
9.Europe Air Suspension Market By Component Market 2019-2024 ($M)
9.1 Air Spring Market By Region Market 2019-2024 ($M) - Regional Industry Research
9.2 Shock Absorber Market By Region Market 2019-2024 ($M) - Regional Industry Research
9.3 Air Compressor Market By Region Market 2019-2024 ($M) - Regional Industry Research
9.4 Electronic Control Module Market By Region Market 2019-2024 ($M) - Regional Industry Research
9.5 Air Reservoir Market By Region Market 2019-2024 ($M) - Regional Industry Research
9.6 Height Sensor Market By Region Market 2019-2024 ($M) - Regional Industry Research
10.Europe Air Suspension Market By Technology Market 2019-2024 ($M)
10.1 Electronically Controlled Air Suspension Market By Region Market 2019-2024 ($M) - Regional Industry Research
10.2 Non-Electronically Controlled Air Suspension Market By Region Market 2019-2024 ($M) - Regional Industry Research
11.APAC Air Suspension Market By Component Market 2019-2024 ($M)
11.1 Air Spring Market By Region Market 2019-2024 ($M) - Regional Industry Research
11.2 Shock Absorber Market By Region Market 2019-2024 ($M) - Regional Industry Research
11.3 Air Compressor Market By Region Market 2019-2024 ($M) - Regional Industry Research
11.4 Electronic Control Module Market By Region Market 2019-2024 ($M) - Regional Industry Research
11.5 Air Reservoir Market By Region Market 2019-2024 ($M) - Regional Industry Research
11.6 Height Sensor Market By Region Market 2019-2024 ($M) - Regional Industry Research
12.APAC Air Suspension Market By Technology Market 2019-2024 ($M)
12.1 Electronically Controlled Air Suspension Market By Region Market 2019-2024 ($M) - Regional Industry Research
12.2 Non-Electronically Controlled Air Suspension Market By Region Market 2019-2024 ($M) - Regional Industry Research
13.MENA Air Suspension Market By Component Market 2019-2024 ($M)
13.1 Air Spring Market By Region Market 2019-2024 ($M) - Regional Industry Research
13.2 Shock Absorber Market By Region Market 2019-2024 ($M) - Regional Industry Research
13.3 Air Compressor Market By Region Market 2019-2024 ($M) - Regional Industry Research
13.4 Electronic Control Module Market By Region Market 2019-2024 ($M) - Regional Industry Research
13.5 Air Reservoir Market By Region Market 2019-2024 ($M) - Regional Industry Research
13.6 Height Sensor Market By Region Market 2019-2024 ($M) - Regional Industry Research
14.MENA Air Suspension Market By Technology Market 2019-2024 ($M)
14.1 Electronically Controlled Air Suspension Market By Region Market 2019-2024 ($M) - Regional Industry Research
14.2 Non-Electronically Controlled Air Suspension Market By Region Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Air Suspension Market Revenue, 2019-2024 ($M)
2.Canada Air Suspension Market Revenue, 2019-2024 ($M)
3.Mexico Air Suspension Market Revenue, 2019-2024 ($M)
4.Brazil Air Suspension Market Revenue, 2019-2024 ($M)
5.Argentina Air Suspension Market Revenue, 2019-2024 ($M)
6.Peru Air Suspension Market Revenue, 2019-2024 ($M)
7.Colombia Air Suspension Market Revenue, 2019-2024 ($M)
8.Chile Air Suspension Market Revenue, 2019-2024 ($M)
9.Rest of South America Air Suspension Market Revenue, 2019-2024 ($M)
10.UK Air Suspension Market Revenue, 2019-2024 ($M)
11.Germany Air Suspension Market Revenue, 2019-2024 ($M)
12.France Air Suspension Market Revenue, 2019-2024 ($M)
13.Italy Air Suspension Market Revenue, 2019-2024 ($M)
14.Spain Air Suspension Market Revenue, 2019-2024 ($M)
15.Rest of Europe Air Suspension Market Revenue, 2019-2024 ($M)
16.China Air Suspension Market Revenue, 2019-2024 ($M)
17.India Air Suspension Market Revenue, 2019-2024 ($M)
18.Japan Air Suspension Market Revenue, 2019-2024 ($M)
19.South Korea Air Suspension Market Revenue, 2019-2024 ($M)
20.South Africa Air Suspension Market Revenue, 2019-2024 ($M)
21.North America Air Suspension By Application
22.South America Air Suspension By Application
23.Europe Air Suspension By Application
24.APAC Air Suspension By Application
25.MENA Air Suspension By Application
26.Continental AG, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Thyssenkrupp AG, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Wabco Holdings Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Hendrickson International Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Dunlop Systems & Components, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Hitachi Ltd., Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Mando Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.BWI Group, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Accuair Suspension, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Firestone Industrial Products, Sales /Revenue, 2015-2018 ($Mn/$Bn)