Air Suspension Market - Industry Analysis, Market Size, Share, Trends,Application Analysis, Growth and Forecast 2019 - 2024

Report Code: AM 52512 Report Format: PDF + Excel (Delivery in 48 Hrs)
 Air Suspension Market is forecast to reach $8.15billion by 2025, aftergrowing at a CAGR of 4.01% during 2020-2025. The rise in the technological advancements such as the introduction of chassis air suspension control, electronically controlled air suspension system (ECAS), electronic air suspension system (EASS) and non-electronically controlled air suspension system that is fueling the air suspension market in the recent years. Additionally, the usage of air suspension system as an air-operated, microprocessor controlled suspension system along with shock absorbersand solenoid valves for replacement of conventional coil spring suspension is also further fueling the air suspension industry in automotive. The growing demand for luxury buses and luxury passenger cars for convenience and comfort travelling is gaining traction and will further enhance the overall market demand for air suspension market during the forecast period.
Report Coverage

Key Takeaways 

Europe dominates the air suspension market owing to increasing adoption of electronically controlled air suspension across all the vehicle types 
The growing advancement in air supply modules and associated control technologiesby vehicle manufacturers areleading to the introduction of electronically and non-electronically controlled air suspension system in automotive. These technologies are highly gaining popularity and is likely to aid in the market growth of air suspension.
Growing adoption of ECAS technology in light-duty vehicles for enhancing benefits such as automatically adjusting damper and suspension levels as well as vehicle height during different driving conditions will increase the market demand for air suspension in the near future.
The major drawback that creates hurdles for the air suspension market is the expensive maintenance and installation. 

Type of Component - Segment Analysis

Electronic Control Module segment held the largest share in the air suspension market in 2018. Increasing demand for electronically controlled air suspension technology for luxury vehicles is leading to the rising demand for electronic control module. As, this module forms the main component in the ECAS technology and offers enhanced performance and efficient vibration absorption in any driving condition. The increasing usage of this electronic enabled component such as solenoid valves, lines and so on are commonly being used for electronically-controlled systems in order to fill and vent each air bag are also the usage is increasing as it can be adjusted in different conditions. This increasing use of lines, solenoid valves are enhancing the electronic module segment and is anticipated to be themajor driving factor for rising adoption of air suspension in automotive. However,increasing maintenance and installation cost will hinder the adoption of air suspension system in medium and especially low priced vehicles. 

Technology - Segment Analysis

Electronically Controlled Air Suspension technology has been the primaryfactor that is fueling the market for air suspension. Due to theincreasing development and changes in technology, the need for fast, precision-based technology that includes advanced electronics for controlling everything including ride height, bag pressure and smooth and controlled drive has been growing.The growing installation rates of air suspension system in commercial vehicles such as semi-trailers and multi-axle buses will boost the market for air suspension. 

Geography- Segment Analysis

The air suspension market share in Europe is estimated to be 30% as this region is highly dominating the growth of air suspension industry, followed by APAC and North America. The economy of Europe is mainly influenced by the economic dynamics of countries such as UK, Germany and Spain, but with growingdevelopments and investments in the countries like Germany, the current scenario is changing.Germany is Europe’s largest producer of major luxury cars brands and majority of the Germany’s automotive giants are in the process of investing huge sum of money that is around $44 billion in the coming years on automotive technology development. This investments will enhance the use of air suspension system in the latest passenger cars and other vehicle types that will fuel the growth of air suspension market.
According to Germany Trade & Invest, around 78% of passenger cars were manufactured in Germany in 2018 for international market. According to German Association of the Automotive Industry (VDA), it was also estimated that the production of passenger cars in Germany has increased by 4% in September 2019 as compared to August 2019. Furthermore, Germany is witnessing high growth in the automotive industry due to leading investments by companies such as Continental, ThyssenKrupp, and SAF-Holland for introducing latest technology in the field of air suspension for all types of vehicles. According to OICA, Germanypassenger cars sales witnessed a growth of over 7.17% during 2015-2018 having huge potential to grow.
In APAC region, China has the largest automotive industry in the world and according to China Association of Automobile Manufacturer (CAAM), the production of passenger vehicles was 84.6% in 2018 and sales accounted for 84.4%.India also has excellent potential for automotive industry growth in the future. The country's automotive industry experienced 8% growth in production in 2018,over the previous year. The rising production of passenger vehicles in countries such as Germany, China, India and so on will lead to tremendous demand for electronically and non-electronically controlled air suspension technology driving the air suspension market.

Drivers –Air Suspension Market

Growing demand for luxury buses and passenger cars

The growing need for safety and comfort for long distance travelling by the public is leading to the significant demand for enhanced luxury buses and passenger cars. The increasing investments by major automotive companies such as Continental AG, ThyssenKrupp, Volkswagen and so on for the production of luxury vehicles is leading to need for air suspension systems for providing smooth and comfort travelling experience to the passenger. Thus, the growing usage of luxury buses and passenger cars is favoring market growth of air suspension. 

Increasing advancement in Vehicle Technology
The development of autonomous vehicle technology is also the major factor that is boosting the air suspension market. Automotive giants are investing huge amounts for the transformation of the automotive industry and leading to introduction of latest technology in the field of air suspension for light and heavy duty vehicles. The demand for electronically and non-electronically air suspension technology toenhancevehicular traction performance andprovide ride height as well as loading flexibilityis rising. At present, countries such as Germany, China and India are looking towards the use the latest technology andare upgradingtowards the use of luxury vehicles which will further boost the adoption of air suspension system.

Challenges – Air Suspension Market
High Maintenance and Installation Cost 

The shift towards the use of advanced technology such as ECAS system in vehicles leads to high cost. The cost of installation for air suspension system is high for medium priced vehicles which are commonly preferred by customers. Therefore, the increasing sales of medium priced vehicleswill hinder the growth of the air suspension market. 
  
MarketLandscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the air suspension market. In 2018, the market of air suspension has been consolidated by the top ten players - Continental AG, ThyssenKrupp AG, Firestone Industrial Products, Hitachi Ltd., SAF-Holland, Hendrickson International Corporation, Accuair Suspension, Mando Corporation and Wabco Holdings Inc.

Acquisitions/Technology Launches

  • In June 2019, ZF Friedrichshafen AG, a leading supplier for passenger cars, commercial vehicles and industrial technology acquired Wabco Holdings for $136.65 per share. The acquisition considerably will expand the Wabco’s capabilities in providing commercial vehicle safety and efficiency. This acquisition will also combine technologies such as vehicle dynamics control, active air suspension systems. 
  • In May 2019, Ridetech, a provider of high performance suspension components and systems announced its acquisition by Fox Factory Holdings Corp. This acquisition will expand the innovation and technological developments by Ridetech under Fox’s ownership. This will also lead to the expansion of wide range of premium products such as air suspension systems (air ride), coil-overs, shock absorbers, tubular control arms and others. 

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)