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Report
Air Suspension Market by Component (Air Spring, Shocker, Compressor, ECU, Tank, Solenoid Valve, Height & Pressure Sensor), Technology (Electronic, Non-Electronic), Cab Suspension, Vehicle Type (ICE & Electric), Aftermarket & Region - Global Forecast to 2027
Market Report I 2022-09-16 I 218 Pages I MarketsandMarkets
The air suspension market is expected to grow from USD 17.8 billion in 2022 and is projected to reach USD 21.8 billion in 2027, at a CAGR of 4.2% during the forecast period. The increasing sales of trucks & buses globally would primarily drive the air suspension market. Additionally, an increase in the adoption of air suspension systems in luxury passenger cars - SUVs, sedans, and EVs would also drive the air suspension systems market.
The global demand for commercial vehicles has shown significant growth in recent years. According to OICA statistics, commercial vehicle sales have increased from 21.7 million units in 2020 to 23.1 million units in 2021, at a CAGR of 6.1%. The growth can be attributed to increasing infrastructure spending, rising import-export trade, and growing e-commerce activities. The improved lifestyle and economic status have led to a change in consumer preferences across the globe. The demand for premium vehicles has been continuously growing in developed and developing countries with the increasing disposable income, improving infrastructure, rising brand awareness, and growing competition among OEMs to offer improved features. This has led to an increase in sales of premium and medium-range vehicles at a global level. Developed regions such as Europe, North America, and a few Asian countries such as Japan and South Korea are the key markets for premium vehicles. China and India are expected to offer a huge opportunity for premium and luxury vehicles in the coming years. All these factors are expected to drive the demand for air suspension systems in the coming years.
Electrictronically controlled air suspension systems to grow at the fastest pace.
North America leads the Electronically Controlled Air Suspension (ECAS) because of the higher adoption rate for technologically advanced systems. Audi A8, Mercedes S-Class, Porsche Cayenne, Land Rover Discovery, and Volkswagen Touareg are some passenger vehicle models with electronically controlled systems as a standard fitment in their selected trims. The adoption rate in Europe for Trucks and buses stood at nearly 40-50% and 55-60%, respectively, in 2022. Volvo, Daimler AG, Scania, and MAN offer electronically controlled systems in trucks and buses for the European market. ECAS fitted trailers reach the optimal height faster when the valves open to fill air in the bellows as needed. ECAS automatically adjusts the height of the trailer making it more efficient to work with. This system is data-driven and is suited to uneven roads as it will be unresponsive to sudden bumps in the road and thus will reduced compressed air wastage. These advantages offered by ECAS has made them attractive to the semi trailer and bus coaches OEMs making ECAS grow at a significant pace.
Heavy duty trucks lead the air suspension aftermarkets, with air bellows holding the largest share in terms of value.
The matured demand for air suspension in Europe and North America for heavy vehicles would fuel the demand for air suspension components in the aftermarket. Upcoming smart city projects, rising infrastructural spending, and diversification of global companies in the Asia Pacific are expected to boost the demand for trucks and buses in that region. This is expected to boost the Asia Pacific air suspension system components aftermarket in the coming years. . North America is anticipated to lead the air bellows aftermarket as it has a higher number of trucks with air suspension technology on the road, owing to the early adoption of the system in this region. The average number of shock absorber bushes fitted in trucks and buses is 15-20 units per shock absorber. Hence, the demand for bushes in the aftermarket is higher.
North America is the second largest market for the air suspension market
Demand for better ride quality in rugged and long-haul environments in North America and Europe is expected to drive the air suspension market in these regions. The transportation industry in the North American region is well developed due to the strong presence of commercial vehicle OEMs and good road infrastructure. The US trucking industry has a wide regional network, making it the largest air suspension market. Canada has a high demand for light trucks and pickups with increasing demand for commercial vehicles, making it the fastest growing country in the region.
With increasing sales of EVs, SUVs, luxury vehicles, and light trucks, the passenger cars segment is witnessing a surge in demand. Higher paying capacity allows customers to demand superior ride quality. This makes the adoption of air suspension faster in this segment. The trucks segment is expected to hold a significant share due to the country's well-established transportation network.
Due to many light duty applications, there is a trend in increasing demand for EVs and SUVs in Canada. These applications require its customers to drive the vehicles for longer distances prompting them to demand a better ride experience. This has increased the availability of air suspension in LCVs in the country. Thus due to similar factors, passenger cars will be the fastest-growing segment in the country.
The breakup of primary respondents
- By Company: Tier 2 - 21%, Tier 1 - 69%, Others -10%
- By Designation: C level executives - 60%, Director Level - 30%, Others - 10%
- By Region: Europe - 48%, Asia Pacific - 19%, North America - 33%
The automotive suspension industry is dominated by global players and comprises several regional players, including ZF Friedrichshafen AG (Germany), Continental AG (Germany), ThyssenKrupp AG (Germany), Meritor Inc. (US), SAF Holland (Germany). The study includes an in-depth competitive analysis of these key players in the automotive suspension market with their company profiles, MnM view of the top five companies, recent developments, and key market strategies.
Research Coverage
The study's primary objective is to define, describe, and forecast the air suspension market by value and volume. The study segments the air suspension market by technology (electronically controlled and non-electronically controlled), component (air springs, shock absorber, compressor, electronic control unit, air reservoir, height sensors, solenoid valves, and pressure sensors), vehicle type (light-duty vehicles, trucks, and buses), cabin air suspension by vehicle type (rigid trucks and semi-trailers), electric and hybrid HDVs (trucks and buses) and region (North America, Europe, Asia Pacific, and RoW). The study also covers the aftermarket by component (air bellows and shock absorber bushes). It analyzes the opportunities offered by various market segments to the stakeholders. It tracks and analyzes competitive developments such as market ranking analysis, expansions, joint ventures, acquisitions, and other activities carried out by key industry participants.
Key Benefits of Buying the Report:
The report will help the market leaders with the information on the closest approximations of the revenue numbers for the air suspension market and the sub-segments. The study will also help the key players identify the highest potential region and design their product portfolio per market requirements. Detailed research on passenger cars, LCV, and HCV suspension systems is expected to help manufacturers to understand the potential market for these vehicle types and which technologies are predominant in the respective vehicle types. This report includes various analyses like supply chain, average selling price, patent, revenue shift, case study, and porter's analysis. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the market's pulse and provides information on key market drivers, restraints, challenges, and opportunities.
1 INTRODUCTION 24
1.1 STUDY OBJECTIVES 24
1.2 MARKET DEFINITION 25
1.3 INCLUSIONS AND EXCLUSIONS 25
TABLE 1 INCLUSIONS AND EXCLUSIONS FOR AIR SUSPENSION MARKET 25
1.4 MARKET SCOPE 26
1.4.1 MARKETS COVERED 26
FIGURE 1 AIR SUSPENSION MARKET SEGMENTATION 26
1.4.2 YEARS CONSIDERED 27
1.5 CURRENCY CONSIDERED 27
1.6 PACKAGE SIZE 27
1.7 LIMITATIONS 27
1.8 STAKEHOLDERS 28
1.9 SUMMARY OF CHANGES 28
2 RESEARCH METHODOLOGY 29
2.1 RESEARCH DATA 29
FIGURE 2 AIR SUSPENSION MARKET: RESEARCH DESIGN 29
FIGURE 3 RESEARCH DESIGN MODEL 30
2.1.1 SECONDARY DATA 30
2.1.1.1 List of key secondary sources to estimate vehicle production 31
2.1.1.2 List of key secondary sources to estimate air suspension market sizing 31
2.1.1.3 Key data from secondary sources 32
2.1.2 PRIMARY DATA 32
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS 33
2.1.2.1 Sampling techniques and data collection methods 33
2.1.2.2 Primary participants 33
2.2 MARKET SIZE ESTIMATION 34
2.2.1 BOTTOM-UP APPROACH 34
FIGURE 5 BOTTOM-UP APPROACH: AIR SUSPENSION MARKET, BY VEHICLE TYPE 34
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 35
FIGURE 6 DATA TRIANGULATION 35
2.4 ASSUMPTIONS 36
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3 EXECUTIVE SUMMARY 39
3.1 REPORT SUMMARY 39
FIGURE 7 REPORT SUMMARY 39
FIGURE 8 AIR SUSPENSION MARKET, BY REGION, 2022 VS. 2027 (USD MILLION) 39
4 PREMIUM INSIGHTS 41
4.1 ATTRACTIVE OPPORTUNITIES IN AIR SUSPENSION MARKET 41
FIGURE 9 DEMAND FOR LUXURY AND COMFORT FEATURES AND GROWING PREMIUM VEHICLE SALES BRINGS ATTRACTIVE OPPORTUNITIES IN AIR SUSPENSION MARKET 41
4.2 AIR SUSPENSION MARKET, BY TECHNOLOGY 41
FIGURE 10 ELECTRONICALLY CONTROLLED SEGMENT TO BE FASTEST-GROWING MARKET, 2022 VS. 2027 (USD MILLION) 41
4.3 AIR SUSPENSION MARKET, BY VEHICLE TYPE 42
FIGURE 11 TRUCKS SEGMENT EXPECTED TO LEAD AIR SUSPENSION MARKET, BY VEHICLE TYPE, 2022 VS. 2027 (USD MILLION) 42
4.4 AIR SUSPENSION MARKET, BY COMPONENT 42
FIGURE 12 AIR SPRINGS TO HOLD LARGEST MARKET SHARE, 2022 VS. 2027 (USD MILLION) 42
4.5 CABIN AIR SUSPENSION MARKET, BY VEHICLE TYPE 43
FIGURE 13 SEMI TRAILERS TO BE LARGEST MARKET DURING FORECAST PERIOD, 2022 VS. 2027 (USD MILLION) 43
4.6 AIR SUSPENSION AFTERMARKET, BY COMPONENT 43
FIGURE 14 AIR BELLOWS TO BE LARGEST MARKET IN AFTERMARKET, BY COMPONENT, 2022 VS. 2027 (USD MILLION) 43
4.7 ELECTRIC AND HYBRID HDVS AIR SUSPENSION MARKET, BY VEHICLE TYPE AND REGION 44
FIGURE 15 ELECTRIC AND HYBRID BUSES TO SHOWCASE LARGEST DEMAND DURING FORECAST PERIOD (USD MILLION) 44
4.8 AIR SUSPENSION MARKET, BY REGION 44
FIGURE 16 ASIA PACIFIC TO HAVE LARGEST SHARE DURING FORECAST PERIOD 44
5 MARKET OVERVIEW 45
5.1 INTRODUCTION 45
5.2 MARKET DYNAMICS 46
FIGURE 17 AIR SUSPENSION MARKET DYNAMICS 46
5.2.1 DRIVERS 47
5.2.1.1 Rising global commercial vehicle sales 47
FIGURE 18 COMMERCIAL VEHICLE SALES, BY REGION, 2019-2021 ('000 UNITS) 47
5.2.1.2 Growing demand for premium and luxury vehicles 47
FIGURE 19 LUXURY PASSENGER CARS PRODUCTION, 2018-2021 (MILLION UNITS) 48
TABLE 2 KEY OEMS PREMIUM CARS SALES, 2020 VS. 2021 (UNITS) 48
TABLE 3 KEY PASSENGER CAR MODELS EMPLOYED WITH AIR SUSPENSIONS AND THEIR PRODUCTION, 2021 (UNITS) 49
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5.2.2 RESTRAINTS 49
5.2.2.1 High development and adoption costs 49
TABLE 4 AVERAGE COST OF DIFFERENT SUSPENSION TECHNOLOGIES, BY VEHICLE TYPE, 2021 49
5.2.3 OPPORTUNITIES 50
5.2.3.1 Increasing demand for lightweight air suspension systems 50
TABLE 5 WEIGHT REDUCTION TARGETS FOR SYSTEMS OF LIGHT-DUTY INTERNAL COMBUSTION ENGINE VEHICLES (2020-2050) IN US 50
5.2.3.2 Increasing aftermarket demand for air suspensions and related components 50
FIGURE 20 AIR SUSPENSION AFTERMARKET, BY COMPONENT, 2022 VS. 2027 (USD MILLION) 51
5.2.4 CHALLENGES 51
5.2.4.1 Presence of local suppliers 51
5.3 AIR SUSPENSION MARKET SCENARIO 52
FIGURE 21 AIR SUSPENSION MARKET SCENARIO, 2018-2027 (USD MILLION) 52
5.3.1 MOST LIKELY SCENARIO 52
TABLE 6 AIR SUSPENSION MARKET (REALISTIC SCENARIO), BY REGION, 2018-2021 (USD MILLION) 52
TABLE 7 AIR SUSPENSION MARKET (REALISTIC SCENARIO), BY REGION, 2022-2027 (USD MILLION) 53
5.3.2 LOW IMPACT SCENARIO 53
TABLE 8 AIR SUSPENSION MARKET (LOW IMPACT SCENARIO), BY REGION, 2018-2021 (USD MILLION) 53
TABLE 9 AIR SUSPENSION MARKET (LOW IMPACT SCENARIO), BY REGION, 2022-2027 (USD MILLION) 53
5.3.3 HIGH IMPACT SCENARIO 54
TABLE 10 AIR SUSPENSION MARKET (HIGH IMPACT SCENARIO), BY REGION, 2018-2021 (USD MILLION) 54
TABLE 11 AIR SUSPENSION MARKET (HIGH IMPACT SCENARIO), BY REGION, 2022-2027 (USD MILLION) 54
5.4 PORTER'S FIVE FORCES ANALYSIS 55
FIGURE 22 PORTER'S FIVE FORCES ANALYSIS: PRESENCE OF ESTABLISHED GLOBAL PLAYERS INCREASES COMPETITION 55
TABLE 12 PORTERS FIVE FORCES ANALYSIS 55
5.4.1 THREAT OF SUBSTITUTES 56
5.4.2 THREAT OF NEW ENTRANTS 56
5.4.3 BARGAINING POWER OF BUYERS 56
5.4.4 BARGAINING POWER OF SUPPLIERS 56
5.4.5 INTENSITY OF COMPETITIVE RIVALRY 56
5.5 AIR SUSPENSION MARKET ECOSYSTEM 57
TABLE 13 AIR SUSPENSION MARKET: ROLE OF COMPANIES IN ECOSYSTEM 57
5.6 SUPPLY CHAIN ANALYSIS 58
5.6.1 GLOBAL SUPPLIERS 58
FIGURE 23 SUPPLY CHAIN ANALYSIS: AIR SUSPENSION MARKET 58
5.7 PRICING ANALYSIS 59
5.7.1 LIGHT DUTY VEHICLES 59
TABLE 14 AVERAGE REGIONAL PRICE TREND: LIGHT-DUTY VEHICLE AIR SUSPENSION (USD/UNIT), 2021 59
5.7.2 TRUCKS 59
TABLE 15 AVERAGE REGIONAL PRICE TREND: TRUCK AIR SUSPENSION (USD/UNIT), 2021 59
5.7.3 PRICING ANALYSIS, BY COMPONENTS 60
TABLE 16 AVERAGE REGIONAL PRICE TREND: AIR SUSPENSION COMPONENT OE COSTS PER VEHICLE, 2021 60
5.8 CUSTOMER BUYING BEHAVIOR 60
5.8.1 BUYING CRITERIA 60
FIGURE 24 KEY BUYING CRITERIA FOR ON-HIGHWAY VEHICLE APPLICATIONS 61
TABLE 17 KEY BUYING CRITERIA FOR ON-HIGHWAY VEHICLE APPLICATIONS 61
TABLE 18 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR ON-HIGHWAY VEHICLE APPLICATIONS (%) 62
5.9 PATENT ANALYSIS 62
TABLE 19 APPLICATIONS AND PATENTS GRANTED, 2019-2022 62
5.10 CASE STUDY ANALYSIS 65
5.10.1 HENDRICKSON TRAILER COMMERCIAL VEHICLE SYSTEMS 65
5.10.2 LINK AND VOLVO COLLABORATED ON TRAILER COMMERCIAL VEHICLE SYSTEMS 65
5.11 TRADE ANALYSIS 66
5.11.1 AIR SUSPENSION SYSTEMS AND PARTS IMPORT DATA, BY COUNTRY, 2021 (USD) 66
TABLE 20 IMPORT TRADE DATA, BY COUNTRY, 2021 66
5.11.2 AIR SUSPENSION SYSTEMS AND PARTS EXPORT DATA, BY COUNTRY, 2021 (USD) 67
TABLE 21 EXPORT TRADE DATA, BY COUNTRY, 2021 67
5.12 REGULATORY ANALYSIS 68
TABLE 22 SAFETY REGULATIONS, BY COUNTRY/REGION 68
5.13 KEY CONFERENCES AND EVENTS IN 2022-2023 69
TABLE 23 AIR SUSPENSION MARKET: DETAILED LIST OF CONFERENCES AND EVENTS 69
6 RECOMMENDATIONS BY MARKETSANDMARKETS 70
6.1 ASIA PACIFIC TO LEAD AIR SUSPENSION MARKET 70
6.2 GROWING DEMAND FOR ELECTRONICALLY CONTROLLED AIR SUSPENSION TO BE KEY FOCUS AREA 70
6.3 CONCLUSION 71
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7 AIR SUSPENSION MARKET, BY VEHICLE TYPE 72
7.1 INTRODUCTION 73
7.1.1 RESEARCH METHODOLOGY 73
7.1.2 ASSUMPTIONS 74
7.1.3 INDUSTRY INSIGHTS 74
FIGURE 25 AIR SUSPENSION MARKET, BY VEHICLE TYPE, 2022 VS. 2027 (USD MILLION) 74
TABLE 24 AIR SUSPENSION MARKET, BY VEHICLE TYPE, 2018-2021 (THOUSAND UNITS) 75
TABLE 25 AIR SUSPENSION MARKET, BY VEHICLE TYPE, 2022-2027 (THOUSAND UNITS) 75
TABLE 26 AIR SUSPENSION MARKET, BY VEHICLE TYPE, 2018-2021 (USD MILLION) 75
TABLE 27 AIR SUSPENSION MARKET, BY VEHICLE TYPE, 2022-2027 (USD MILLION) 75
7.2 PASSENGER CARS 76
7.2.1 INCREASING DEMAND FOR IMPROVED RIDE QUALITY TO DRIVE SEGMENT 76
TABLE 28 PASSENGER CARS: AIR SUSPENSION MARKET, BY REGION, 2018-2021 (THOUSAND UNITS) 76
TABLE 29 PASSENGER CARS: AIR SUSPENSION MARKET, BY REGION, 2022-2027 (THOUSAND UNITS) 76
TABLE 30 PASSENGER CARS: AIR SUSPENSION MARKET, BY REGION, 2018-2021 (USD MILLION) 77
TABLE 31 PASSENGER CARS: AIR SUSPENSION MARKET, BY REGION, 2022-2027 (USD MILLION) 77
7.3 LIGHT COMMERCIAL VEHICLES 77
7.3.1 NORTH AMERICA TO LEAD SEGMENT 77
TABLE 32 LCVS: AIR SUSPENSION MARKET, BY REGION, 2018-2021 (THOUSAND UNITS) 78
TABLE 33 LCVS: AIR SUSPENSION MARKET, BY REGION, 2022-2027 (THOUSAND UNITS) 78
TABLE 34 LCVS: AIR SUSPENSION MARKET, BY REGION, 2018-2021 (USD MILLION) 78
TABLE 35 LCVS: AIR SUSPENSION MARKET, BY REGION, 2022-2027 (USD MILLION) 78
7.4 TRUCKS 79
7.4.1 ASIA PACIFIC TO LEAD TRUCKS AIR SUSPENSION MARKET 79
TABLE 36 TRUCKS: AIR SUSPENSION MARKET, BY REGION, 2018-2021 (THOUSAND UNITS) 79
TABLE 37 TRUCKS: AIR SUSPENSION MARKET, BY REGION, 2022-2027 (THOUSAND UNITS) 79
TABLE 38 TRUCKS: AIR SUSPENSION MARKET, BY REGION, 2018-2021 (USD MILLION) 80
TABLE 39 TRUCKS: AIR SUSPENSION MARKET, BY REGION, 2022-2027 (USD MILLION) 80
7.5 BUSES 81
7.5.1 ASIA PACIFIC TO ACQUIRE LARGEST MARKET SHARE 81
TABLE 40 BUSES: AIR SUSPENSION MARKET, BY REGION, 2018-2021 (THOUSAND UNITS) 81
TABLE 41 BUSES: AIR SUSPENSION MARKET, BY REGION, 2022-2027 (THOUSAND UNITS) 81
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TABLE 42 BUSES: AIR SUSPENSION MARKET, BY REGION, 2018-2021 (USD MILLION) 81
TABLE 43 BUSES: AIR SUSPENSION MARKET, BY REGION, 2022-2027 (USD MILLION) 82
8 AIR SUSPENSION MARKET, BY TECHNOLOGY 83
8.1 INTRODUCTION 84
8.1.1 RESEARCH METHODOLOGY 84
8.1.2 ASSUMPTIONS 85
8.1.3 INDUSTRY INSIGHTS 85
FIGURE 26 AIR SUSPENSION MARKET, BY TECHNOLOGY, 2022-2027 (USD MILLION) 85
TABLE 44 AIR SUSPENSION MARKET, BY TECHNOLOGY, 2018-2021 (THOUSAND UNITS) 85
TABLE 45 AIR SUSPENSION MARKET, BY TECHNOLOGY, 2022-2027 (THOUSAND UNITS) 86
TABLE 46 AIR SUSPENSION MARKET, BY TECHNOLOGY, 2018-2021 (USD MILLION) 86
TABLE 47 AIR SUSPENSION MARKET, BY TECHNOLOGY, 2022-2027 (USD MILLION) 86
8.2 ELECTRONICALLY CONTROLLED 86
8.2.1 EUROPE TO BE LARGEST MARKET FOR ELECTRONICALLY CONTROLLED AIR SUSPENSION SYSTEMS 86
TABLE 48 ELECTRONICALLY CONTROLLED AIR SUSPENSION MARKET, BY REGION, 2018-2021 (THOUSAND UNITS) 87
TABLE 49 ELECTRONICALLY CONTROLLED AIR SUSPENSION MARKET, BY REGION, 2022-2027 (THOUSAND UNITS) 87
TABLE 50 ELECTRONICALLY CONTROLLED AIR SUSPENSION MARKET, BY REGION, 2018-2021 (USD MILLION) 87
TABLE 51 ELECTRONICALLY CONTROLLED AIR SUSPENSION MARKET, BY REGION, 2022-2027 (USD MILLION) 88
8.3 NON-ELECTRONICALLY CONTROLLED 88
8.3.1 LOW COSTS AND MAINTENANCE TO CREATE POTENTIAL SEGMENT 88
TABLE 52 NON- ELECTRONICALLY CONTROLLED AIR SUSPENSION MARKET, BY REGION, 2018-2021 (THOUSAND UNITS) 88
TABLE 53 NON- ELECTRONICALLY CONTROLLED AIR SUSPENSION MARKET, BY REGION, 2022-2027 (THOUSAND UNITS) 89
TABLE 54 NON- ELECTRONICALLY CONTROLLED AIR SUSPENSION MARKET, BY REGION, 2018-2021 (USD MILLION) 89
TABLE 55 NON- ELECTRONICALLY CONTROLLED AIR SUSPENSION MARKET, BY REGION, 2022-2027 (USD MILLION) 89
9 AIR SUSPENSION OE MARKET, BY COMPONENT 90
9.1 INTRODUCTION 91
9.1.1 RESEARCH METHODOLOGY 91
9.1.2 ASSUMPTIONS 91
9.1.3 INDUSTRY INSIGHTS 92
FIGURE 27 AIR SUSPENSION MARKET, BY COMPONENT, 2022 VS. 2027 (USD MILLION) 92
TABLE 56 AIR SUSPENSION OE MARKET, BY COMPONENT, 2018-2021 (THOUSAND UNITS) 92
TABLE 57 AIR SUSPENSION OE MARKET, BY COMPONENT, 2022-2027 (THOUSAND UNITS) 93
TABLE 58 AIR SUSPENSION OE MARKET, BY COMPONENT, 2018-2021 (USD MILLION) 93
TABLE 59 AIR SUSPENSION OE MARKET, BY COMPONENT, 2022-2027 (USD MILLION) 94
9.2 AIR SPRINGS 94
9.2.1 GROWTH WITH INCREASING DEMAND FOR AIR SUSPENSIONS 94
TABLE 60 AIR SPRINGS MARKET, BY REGION, 2018-2021 (THOUSAND UNITS) 94
TABLE 61 AIR SPRINGS MARKET, BY REGION, 2022-2027 (THOUSAND UNITS) 95
TABLE 62 AIR SPRINGS MARKET, BY REGION, 2018-2021 (USD MILLION) 95
TABLE 63 AIR SPRINGS MARKET, BY REGION, 2022-2027 (USD MILLION) 95
9.3 SHOCK ABSORBERS 96
9.3.1 ASIA PACIFIC LEADS SEGMENT 96
TABLE 64 SHOCK ABSORBERS MARKET, BY REGION, 2018-2021 (THOUSAND UNITS) 96
TABLE 65 SHOCK ABSORBERS MARKET, BY REGION, 2022-2027 (THOUSAND UNITS) 96
TABLE 66 SHOCK ABSORBERS MARKET, BY REGION, 2018-2021 (USD MILLION) 96
TABLE 67 SHOCK ABSORBERS MARKET, BY REGION, 2022-2027 (USD MILLION) 97
9.4 AIR COMPRESSORS 97
9.4.1 INCREASING DEMAND FOR IN LIGHT DUTY VEHICLES TO AID SEGMENT GROWTH 97
TABLE 68 AIR COMPRESSORS MARKET, BY REGION, 2018-2021 (THOUSAND UNITS) 97
TABLE 69 AIR COMPRESSORS MARKET, BY REGION, 2022-2027 (THOUSAND UNITS) 97
TABLE 70 AIR COMPRESSORS MARKET, BY REGION, 2018-2021 (USD MILLION) 98
TABLE 71 AIR COMPRESSORS MARKET, BY REGION, 2022-2027 (USD MILLION) 98
9.5 ELECTRONIC CONTROL UNITS 98
9.5.1 DEMAND FOR ELECTRONICALLY CONTROLLED AIR SUSPENSION TO DRIVE SEGMENT 98
TABLE 72 AIR SUSPENSION ECU MARKET, BY REGION, 2018-2021 (THOUSAND UNITS) 99
TABLE 73 AIR SUSPENSION ECU MARKET, BY REGION, 2022-2027 (THOUSAND UNITS) 99
TABLE 74 AIR SUSPENSION ECU MARKET, BY REGION, 2018-2021 (USD MILLION) 99
TABLE 75 AIR SUSPENSION ECU MARKET, BY REGION, 2022-2027 (USD MILLION) 99
9.6 AIR RESERVOIRS 100
9.6.1 DEMAND FOR AIR SUSPENSIONS IN HDVS TO IMPACT SEGMENT 100
TABLE 76 AIR RESERVOIRS MARKET, BY REGION, 2018-2021 (THOUSAND UNITS) 100
TABLE 77 AIR RESERVOIRS MARKET, BY REGION, 2022-2027 (THOUSAND UNITS) 100
TABLE 78 AIR RESERVOIR MARKET, BY REGION, 2018-2021 (USD MILLION) 101
TABLE 79 AIR RESERVOIRS MARKET, BY REGION, 2022-2027 (USD MILLION) 101
9.7 HEIGHT SENSORS 101
9.7.1 DEMAND FOR COMFORT AND RIDE QUALITY TO DRIVE SEGMENT 101
TABLE 80 HEIGHT SENSORS MARKET, BY REGION, 2018-2021 (THOUSAND UNITS) 102
TABLE 81 HEIGHT SENSORS MARKET, BY REGION, 2022-2027 (THOUSAND UNITS) 102
TABLE 82 HEIGHT SENSORS MARKET, BY REGION, 2018-2021 (USD MILLION) 102
TABLE 83 HEIGHT SENSORS MARKET, BY REGION, 2022-2027 (USD MILLION) 102
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9.8 SOLENOID VALVES 103
9.8.1 RISING DEMAND FOR ELECTRONICALLY CONTROLLED AIR SUSPENSIONS TO BOOST SEGMENT 103
TABLE 84 SOLENOID VALVES MARKET, BY REGION, 2018-2021 (THOUSAND UNITS) 103
TABLE 85 SOLENOID VALVES MARKET, BY REGION, 2022-2027 (THOUSAND UNITS) 103
TABLE 86 SOLENOID VALVES MARKET, BY REGION, 2018-2021 (USD MILLION) 103
TABLE 87 SOLENOID VALVES MARKET, BY REGION, 2022-2027 (USD MILLION) 104
9.9 PRESSURE SENSORS 104
9.9.1 INCREASING AIR SUSPENSION DEMAND IN ASIA PACIFIC TO DRIVE SEGMENT 104
TABLE 88 PRESSURE SENSORS MARKET, BY REGION, 2018-2021 (THOUSAND UNITS) 104
TABLE 89 PRESSURE SENSORS MARKET, BY REGION, 2022-2027 (THOUSAND UNITS) 104
TABLE 90 PRESSURE SENSORS MARKET, BY REGION, 2018-2021 (USD MILLION) 105
TABLE 91 PRESSURE SENSORS MARKET, BY REGION, 2022-2027 (USD MILLION) 105
10 AIR SUSPENSION AFTERMARKET, BY COMPONENT 106
10.1 INTRODUCTION 107
10.1.1 RESEARCH METHODOLOGY 107
10.1.2 ASSUMPTIONS 108
10.1.3 INDUSTRY INSIGHTS 108
FIGURE 28 AIR SUSPENSION AFTERMARKET, BY COMPONENT, 2022 VS. 2027 (USD MILLION) 108
TABLE 92 AIR SUSPENSION AFTERMARKET, BY COMPONENT, 2018-2021 ('000 UNITS) 109
TABLE 93 AIR SUSPENSION AFTERMARKET, BY COMPONENT, 2022-2027 ('000 UNITS) 109
TABLE 94 AIR SUSPENSION AFTERMARKET, BY COMPONENT, 2018-2021 (USD MILLION) 109
TABLE 95 AIR SUSPENSION AFTERMARKET, BY COMPONENT, 2022-2027 (USD MILLION) 109
10.2 AIR BELLOWS 110
10.2.1 HEAVY DUTY TRUCKS TO LEAD AFTERMARKET 110
TABLE 96 AIR BELLOWS AFTERMARKET, BY REGION, 2018-2021 ('000 UNITS) 110
TABLE 97 AIR BELLOWS AFTERMARKET, BY REGION, 2022-2027 ('000 UNITS) 110
TABLE 98 AIR BELLOWS AFTERMARKET, BY REGION, 2018-2021 (USD MILLION) 111
TABLE 99 AIR BELLOWS AFTERMARKET, BY REGION, 2022-2027 (USD MILLION) 111
10.3 SHOCK ABSORBER BUSHES 111
10.3.1 INCREASING VEHICLES WITH AIR SUSPENSION ON ROAD TO DRIVE SEGMENT 111
TABLE 100 SHOCK ABSORBER BUSHES AFTERMARKET, BY REGION, 2018-2021 ('000 UNITS) 112
TABLE 101 SHOCK ABSORBER BUSHES AFTERMARKET, BY REGION, 2022-2027 ('000 UNITS) 112
TABLE 102 SHOCK ABSORBER BUSHES AFTERMARKET, BY REGION, 2018-2021 (USD MILLION) 112
TABLE 103 SHOCK ABSORBER BUSHES AFTERMARKET, BY REGION, 2022-2027 (USD MILLION) 113
11 CABIN AIR SUSPENSION MARKET, BY VEHICLE TYPE 114
11.1 INTRODUCTION 115
11.1.1 RESEARCH METHODOLOGY 115
11.1.2 ASSUMPTIONS 115
11.1.3 INDUSTRY INSIGHTS 116
FIGURE 29 CABIN AIR SUSPENSION MARKET, BY VEHICLE TYPE, 2022-2027 (USD MILLION) 116
TABLE 104 CABIN AIR SUSPENSION MARKET, BY VEHICLE TYPE, 2018-2021 (THOUSAND UNITS) 116
TABLE 105 CABIN AIR SUSPENSION MARKET, BY VEHICLE TYPE, 2022-2027 (THOUSAND UNITS) 116
TABLE 106 CABIN AIR SUSPENSION MARKET, BY VEHICLE TYPE, 2018-2021 (USD MILLION) 117
TABLE 107 CABIN AIR SUSPENSION MARKET, BY VEHICLE TYPE, 2022-2027 (USD MILLION) 117
11.2 RIGID TRUCKS 117
11.2.1 ASIA PACIFIC TO HAVE LARGEST MARKET SHARE 117
TABLE 108 RIGID TRUCKS: CABIN AIR SUSPENSION MARKET, BY REGION, 2018-2021 (THOUSAND UNITS) 118
TABLE 109 RIGID TRUCKS: CABIN AIR SUSPENSION MARKET, BY REGION, 2022-2027 (THOUSAND UNITS) 118
TABLE 110 RIGID TRUCKS: CABIN AIR SUSPENSION MARKET, BY REGION, 2018-2021 (USD MILLION) 118
TABLE 111 RIGID TRUCKS: CABIN AIR SUSPENSION MARKET, BY REGION, 2022-2027 (USD MILLION) 119
11.3 SEMI TRAILERS 119
11.3.1 EUROPE TO SHOWCASE MAXIMUM ADOPTION 119
TABLE 112 SEMI TRAILERS: CABIN AIR SUSPENSION MARKET, BY REGION, 2018-2021 (THOUSAND UNITS) 119
TABLE 113 SEMI TRAILERS: CABIN AIR SUSPENSION MARKET, BY REGION, 2022-2027 (THOUSAND UNITS) 120
TABLE 114 SEMI TRAILERS: CABIN AIR SUSPENSION MARKET, BY REGION, 2018-2021 (USD MILLION) 120
TABLE 115 SEM TRAILERS: CABIN AIR SUSPENSION MARKET, BY REGION, 2022-2027 (USD MILLION) 120
12 ELECTRIC AND HYBRID HDVS AIR SUSPENSION MARKET, BY VEHICLE TYPE AND REGION 121
12.1 INTRODUCTION 122
12.1.1 RESEARCH METHODOLOGY 122
12.1.2 ASSUMPTIONS 122
FIGURE 30 ELECTRIC AND HYBRID HDVS AIR SUSPENSION MARKET, BY VEHICLE TYPE, 2022 VS. 2027 (USD MILLION) 123
TABLE 116 ELECTRIC AND HYBRID HDVS AIR SUSPENSION MARKET, BY VEHICLE TYPE, 2018-2021 (THOUSAND UNITS) 123
TABLE 117 ELECTRIC AND HYBRID HDVS AIR SUSPENSION MARKET, BY VEHICLE TYPE, 2022-2027 (THOUSAND UNITS) 123
TABLE 118 ELECTRIC AND HYBRID HDVS AIR SUSPENSION MARKET, BY VEHICLE TYPE, 2018-2021 (USD MILLION) 124
TABLE 119 ELECTRIC & HYBRID HDVS AIR SUSPENSION MARKET, BY VEHICLE TYPE, 2022-2027 (USD MILLION) 124
12.2 ELECTRIC AND HYBRID TRUCKS 124
12.2.1 EUROPE TO BE FASTEST-GROWING REGION 124
TABLE 120 ELECTRIC AND HYBRID TRUCKS: AIR SUSPENSION MARKET, BY REGION, 2018-2021 (THOUSAND UNITS) 125
TABLE 121 ELECTRIC AND HYBRID TRUCKS: AIR SUSPENSION MARKET, BY REGION, 2022-2027 (THOUSAND UNITS) 125
TABLE 122 ELECTRIC AND HYBRID TRUCKS: AIR SUSPENSION MARKET, BY REGION, 2018-2021 (USD MILLION) 125
TABLE 123 ELECTRIC AND HYBRID TRUCKS: AIR SUSPENSION MARKET, BY REGION, 2022-2027 (USD MILLION) 125
12.3 ELECTRIC AND HYBRID BUSES 126
12.3.1 OFFERS COMFORT AND HEIGHT CONTROL FEATURES TO IMPROVE RIDE QUALITY 126
TABLE 124 ELECTRIC AND HYBRID BUSES: AIR SUSPENSION MARKET, BY REGION, 2018-2021 (THOUSAND UNITS) 126
TABLE 125 ELECTRIC AND HYBRID BUSES: AIR SUSPENSION MARKET, BY REGION, 2022-2027 (THOUSAND UNITS) 126
TABLE 126 ELECTRIC AND HYBRID BUSES: AIR SUSPENSION MARKET, BY REGION, 2018-2021 (USD MILLION) 127
TABLE 127 ELECTRIC AND HYBRID BUSES: AIR SUSPENSION MARKET, BY REGION, 2022-2027 (USD MILLION) 127
13 AIR SUSPENSION MARKET, BY REGION 128
13.1 INTRODUCTION 129
13.1.1 RESEARCH METHODOLOGY 129
13.1.2 ASSUMPTIONS 130
13.1.3 INDUSTRY INSIGHTS 130
FIGURE 31 AIR SUSPENSION MARKET, BY REGION, 2022-2027 (USD MILLION) 131
TABLE 128 AIR SUSPENSION MARKET, BY REGION, 2018-2021 (THOUSAND UNITS) 131
TABLE 129 AIR SUSPENSION MARKET, BY REGION, 2022-2027 (THOUSAND UNITS) 131
TABLE 130 AIR SUSPENSION MARKET, BY REGION, 2018-2021 (USD MILLION) 132
TABLE 131 AIR SUSPENSION MARKET, BY REGION, 2022-2027 (USD MILLION) 132
13.2 ASIA PACIFIC 133
13.2.1 CHINA TO HOLD LARGEST SHARE AND INDIA TO BE FASTEST-GROWING MARKET 133
FIGURE 32 ASIA PACIFIC: AIR SUSPENSION MARKET SNAPSHOT 134
TABLE 132 ASIA PACIFIC: AIR SUSPENSION MARKET, BY COUNTRY, 2018-2021 (THOUSAND UNITS) 135
TABLE 133 ASIA PACIFIC: AIR SUSPENSION MARKET, BY COUNTRY, 2022-2027 (THOUSAND UNITS) 135
TABLE 134 ASIA PACIFIC: AIR SUSPENSION MARKET, BY COUNTRY, 2018-2021 (USD MILLION) 135
TABLE 135 ASIA PACIFIC: AIR SUSPENSION MARKET, BY COUNTRY, 2022-2027 (USD MILLION) 136
13.2.2 CHINA 136
13.2.2.1 Trucks segment to hold largest market share 136
TABLE 136 CHINA: AIR SUSPENSION MARKET, BY VEHICLE TYPE, 2018-2021 (THOUSAND UNITS) 136
TABLE 137 CHINA: AIR SUSPENSION MARKET, BY VEHICLE TYPE, 2022-2027 (THOUSAND UNITS) 136
TABLE 138 CHINA: AIR SUSPENSION MARKET, BY VEHICLE TYPE, 2018-2021 (USD MILLION) 137
TABLE 139 CHINA: AIR SUSPENSION MARKET, BY VEHICLE TYPE, 2022-2027 (USD MILLION) 137
13.2.3 INDIA 137
13.2.3.1 Higher adoption rate of air suspensions in India 137
TABLE 140 INDIA: AIR SUSPENSION MARKET, BY VEHICLE TYPE, 2018-2021 (THOUSAND UNITS) 137
TABLE 141 INDIA: AIR SUSPENSION MARKET, BY VEHICLE TYPE, 2022-2027 (THOUSAND UNITS) 138
TABLE 142 INDIA: AIR SUSPENSION MARKET, BY VEHICLE TYPE, 2018-2021 (USD MILLION) 138
TABLE 143 INDIA: AIR SUSPENSION MARKET, BY VEHICLE TYPE, BY REGION, 2022-2027 (USD MILLION) 138
13.2.4 JAPAN 139
13.2.4.1 Market driven by higher EV sales 139
TABLE 144 JAPAN: AIR SUSPENSION MARKET, BY VEHICLE TYPE, 2018-2021 (THOUSAND UNITS) 139
TABLE 145 JAPAN: AIR SUSPENSION MARKET, BY VEHICLE TYPE, 2022-2027 (THOUSAND UNITS) 139
TABLE 146 JAPAN: AIR SUSPENSION MARKET, BY VEHICLE TYPE, 2018-2021 (USD MILLION) 139
TABLE 147 JAPAN: AIR SUSPENSION MARKET, BY VEHICLE TYPE, 2022-2027 (USD MILLION) 140
13.2.5 SOUTH KOREA 140
13.2.5.1 Higher sales of trucks to lead market 140
TABLE 148 SOUTH KOREA: AIR SUSPENSION MARKET, BY VEHICLE TYPE, 2018-2021 (THOUSAND UNITS) 140
TABLE 149 SOUTH KOREA: AIR SUSPENSION MARKET, BY VEHICLE TYPE, 2022-2027 (THOUSAND UNITS) 140
TABLE 150 SOUTH KOREA: AIR SUSPENSION MARKET, BY VEHICLE TYPE, 2018-2021 (USD MILLION) 141
TABLE 151 SOUTH KOREA: AIR SUSPENSION MARKET, BY VEHICLE TYPE, 2022-2027 (USD MILLION) 141
13.2.6 REST OF ASIA PACIFIC 141
13.2.6.1 Buses to be fastest-growing segment in region 141
TABLE 152 REST OF ASIA PACIFIC: AIR SUSPENSION MARKET, BY VEHICLE TYPE, 2018-2021 (THOUSAND UNITS) 141
TABLE 153 REST OF ASIA PACIFIC: AIR SUSPENSION MARKET, BY VEHICLE TYPE, 2022-2027 (THOUSAND UNITS) 142
TABLE 154 REST OF ASIA PACIFIC: AIR SUSPENSION MARKET, BY VEHICLE TYPE, 2018-2021 (USD MILLION) 142
TABLE 155 REST OF ASIA PACIFIC: AIR SUSPENSION MARKET, BY VEHICLE TYPE, 2022-2027 (USD MILLION) 142
13.3 EUROPE 143
13.3.1 GERMANY TO BE FASTEST-GROWING MARKET IN EUROPE 143
FIGURE 33 EUROPE: AIR SUSPENSION MARKET, 2022 VS. 2027 (USD MILLION) 143
TABLE 156 EUROPE: AIR SUSPENSION MARKET, BY COUNTRY, 2018-2021 (THOUSAND UNITS) 144
TABLE 157 EUROPE: AIR SUSPENSION MARKET, BY COUNTRY, 2022-2027 (THOUSAND UNITS) 144
TABLE 158 EUROPE: AIR SUSPENSION MARKET, BY COUNTRY, 2018-2021 (USD MILLION) 144
TABLE 159 EUROPE: AIR SUSPENSION MARKET, BY COUNTRY, 2022-2027 (USD MILLION) 145
13.3.2 GERMANY 145
13.3.2.1 Passenger cars segment to be fastest growing in Germany 145
TABLE 160 GERMANY: AIR SUSPENSION MARKET, BY VEHICLE TYPE, 2018-2021 (THOUSAND UNITS) 145
TABLE 161 GERMANY: AIR SUSPENSION MARKET, BY VEHICLE TYPE, 2022-2027 (THOUSAND UNITS) 146
TABLE 162 GERMANY: AIR SUSPENSION MARKET, BY VEHICLE TYPE, 2018-2021 (USD MILLION) 146
TABLE 163 GERMANY: AIR SUSPENSION MARKET, BY VEHICLE TYPE, 2022-2027 (USD MILLION) 146
13.3.3 FRANCE 147
13.3.3.1 Luxury segment to have higher demand for air suspensions 147
TABLE 164 FRANCE: AIR SUSPENSION MARKET, BY VEHICLE TYPE, 2018-2021 (THOUSAND UNITS) 147
TABLE 165 FRANCE: AIR SUSPENSION MARKET, BY VEHICLE TYPE, 2022-2027 (THOUSAND UNITS) 147
TABLE 166 FRANCE: AIR SUSPENSION MARKET, BY VEHICLE TYPE, 2018-2021 (USD MILLION) 147
TABLE 167 FRANCE: AIR SUSPENSION MARKET, BY VEHICLE TYPE, 2022-2027 (USD MILLION) 148
13.3.4 SPAIN 148
13.3.4.1 Higher technological adoption due to economic activities 148
TABLE 168 SPAIN: AIR SUSPENSION MARKET, BY VEHICLE TYPE, 2018-2021 (THOUSAND UNITS) 148
TABLE 169 SPAIN: AIR SUSPENSION MARKET, BY VEHICLE TYPE, 2022-2027 (THOUSAND UNITS) 148
TABLE 170 SPAIN: AIR SUSPENSION MARKET, BY VEHICLE TYPE, 2018-2021 (USD MILLION) 149
TABLE 171 SPAIN: AIR SUSPENSION MARKET, BY VEHICLE TYPE, 2022-2027 (USD MILLION) 149
13.3.5 ITALY 149
13.3.5.1 Passenger cars to drive air suspension demand 149
TABLE 172 ITALY: AIR SUSPENSION MARKET, BY VEHICLE TYPE, 2018-2021 (THOUSAND UNITS) 149
TABLE 173 ITALY: AIR SUSPENSION MARKET, BY VEHICLE TYPE, 2022-2027 (THOUSAND UNITS) 150
TABLE 174 ITALY: AIR SUSPENSION MARKET, BY VEHICLE TYPE, 2018-2021 (USD MILLION) 150
TABLE 175 ITALY: AIR SUSPENSION MARKET, BY VEHICLE TYPE, 2022-2027 (USD MILLION) 150
13.3.6 UK 151
13.3.6.1 LCVs to be fastest-growing market in UK 151
TABLE 176 UK: AIR SUSPENSION MARKET, BY VEHICLE TYPE, 2018-2021 (THOUSAND UNITS) 151
TABLE 177 UK: AIR SUSPENSION MARKET, BY VEHICLE TYPE, 2022-2027 (THOUSAND UNITS) 151
TABLE 178 UK: AIR SUSPENSION MARKET, BY VEHICLE TYPE, 2018-2021 (USD MILLION) 151
TABLE 179 UK: AIR SUSPENSION MARKET, BY VEHICLE TYPE, 2022-2027 (USD MILLION) 152
13.3.7 RUSSIA 152
13.3.7.1 Increased infrastructure activities to drive market 152
TABLE 180 RUSSIA: AIR SUSPENSION MARKET, BY VEHICLE TYPE, 2018-2021 (THOUSAND UNITS) 152
TABLE 181 RUSSIA: AIR SUSPENSION MARKET, BY VEHICLE TYPE, 2022-2027 (THOUSAND UNITS) 152
TABLE 182 RUSSIA: AIR SUSPENSION MARKET, BY VEHICLE TYPE, 2018-2021 (USD MILLION) 153
TABLE 183 RUSSIA: AIR SUSPENSION MARKET, BY VEHICLE TYPE, 2022-2027 (USD MILLION) 153
13.3.8 REST OF EUROPE 153
13.3.8.1 Trucks to hold largest share 153
TABLE 184 REST OF EUROPE: AIR SUSPENSION MARKET, BY VEHICLE TYPE, 2018-2021 (THOUSAND UNITS) 153
TABLE 185 REST OF EUROPE: AIR SUSPENSION MARKET, BY VEHICLE TYPE, 2022-2027 (THOUSAND UNITS) 154
TABLE 186 REST OF EUROPE: AIR SUSPENSION MARKET, BY VEHICLE TYPE, 2018-2021 (USD MILLION) 154
TABLE 187 REST OF EUROPE: AIR SUSPENSION MARKET, BY VEHICLE TYPE, 2022-2027 (USD MILLION) 154
13.4 NORTH AMERICA 155
13.4.1 US AND CANADA TO DOMINATE REGIONAL MARKET 155
FIGURE 34 NORTH AMERICA: AIR SUSPENSION MARKET SNAPSHOT 156
TABLE 188 NORTH AMERICA: AIR SUSPENSION MARKET, BY COUNTRY, 2018-2021 (THOUSAND UNITS) 156
TABLE 189 NORTH AMERICA: AIR SUSPENSION MARKET, BY COUNTRY, 2022-2027 (THOUSAND UNITS) 157
TABLE 190 NORTH AMERICA: AIR SUSPENSION MARKET, BY COUNTRY, 2018-2021 (USD MILLION) 157
TABLE 191 NORTH AMERICA: AIR SUSPENSION MARKET, BY COUNTRY, 2022-2027 (USD MILLION) 157
13.4.2 US 158
13.4.2.1 Passenger cars to hold largest market share 158
TABLE 192 US: AIR SUSPENSION MARKET, BY VEHICLE TYPE, 2018-2021 (THOUSAND UNITS) 158
TABLE 193 US: AIR SUSPENSION MARKET, BY VEHICLE TYPE, BY REGION, 2022-2027 (THOUSAND UNITS) 158
TABLE 194 US: AIR SUSPENSION MARKET, BY VEHICLE TYPE, 2018-2021 (USD MILLION) 158
TABLE 195 US: AIR SUSPENSION MARKET, BY VEHICLE TYPE, 2022-2027 (USD MILLION) 159
13.4.3 CANADA 159
13.4.3.1 Passenger cars to be fastest-growing segment 159
TABLE 196 CANADA: AIR SUSPENSION MARKET, BY VEHICLE TYPE, 2018-2021 (THOUSAND UNITS) 159
TABLE 197 CANADA: AIR SUSPENSION MARKET, BY VEHICLE TYPE, 2022-2027 (THOUSAND UNITS) 159
TABLE 198 CANADA: AIR SUSPENSION MARKET, BY VEHICLE TYPE, 2018-2021 (USD MILLION) 160
TABLE 199 CANADA: AIR SUSPENSION MARKET, BY VEHICLE TYPE, 2022-2027 (USD MILLION) 160
13.4.4 MEXICO 160
13.4.4.1 Demand for improved ride experience 160
TABLE 200 MEXICO: AIR SUSPENSION MARKET, BY VEHICLE TYPE, 2018-2021 (THOUSAND UNITS) 160
TABLE 201 MEXICO: AIR SUSPENSION MARKET, BY VEHICLE TYPE, 2022-2027 (THOUSAND UNITS) 161
TABLE 202 MEXICO: AIR SUSPENSION MARKET, BY VEHICLE TYPE, 2018-2021 (USD MILLION) 161
TABLE 203 MEXICO: AIR SUSPENSION MARKET, BY VEHICLE TYPE, 2022-2027 (USD MILLION) 161
13.5 REST OF THE WORLD 162
13.5.1 BRAZIL TO BE LARGEST AND FASTEST-GROWING MARKET 162
TABLE 204 REST OF THE WORLD: AIR SUSPENSION MARKET, BY COUNTRY, 2018-2021 (THOUSAND UNITS) 162
TABLE 205 REST OF THE WORLD: AIR SUSPENSION MARKET, BY COUNTRY, 2022-2027 (THOUSAND UNITS) 162
TABLE 206 REST OF THE WORLD: AIR SUSPENSION MARKET, BY COUNTRY, 2018-2021 (USD MILLION) 162
TABLE 207 REST OF THE WORLD: AIR SUSPENSION MARKET, BY COUNTRY, 2022-2027 (USD MILLION) 163
13.5.2 BRAZIL 163
13.5.2.1 Growth of tourism sector and luxury vehicles 163
TABLE 208 BRAZIL: AIR SUSPENSION MARKET, BY VEHICLE TYPE, 2018-2021 (THOUSAND UNITS) 163
TABLE 209 BRAZIL: AIR SUSPENSION MARKET, BY VEHICLE TYPE, 2022-2027 (THOUSAND UNITS) 163
TABLE 210 BRAZIL: AIR SUSPENSION MARKET, BY VEHICLE TYPE, 2018-2021 (USD MILLION) 164
TABLE 211 BRAZIL: AIR SUSPENSION MARKET, BY VEHICLE TYPE, 2022-2027 (USD MILLION) 164
13.5.3 SOUTH AFRICA 164
13.5.3.1 LCVs to be fastest-growing segment 164
TABLE 212 SOUTH AFRICA: AIR SUSPENSION MARKET, BY VEHICLE TYPE, 2018-2021 (THOUSAND UNITS) 164
TABLE 213 SOUTH AFRICA: AIR SUSPENSION MARKET, BY VEHICLE TYPE, 2022-2027 (THOUSAND UNITS) 165
TABLE 214 SOUTH AFRICA: AIR SUSPENSION MARKET, BY VEHICLE TYPE, 2018-2021 (USD MILLION) 165
TABLE 215 SOUTH AFRICA: AIR SUSPENSION MARKET, BY VEHICLE TYPE, 2022-2027 (USD MILLION) 165
13.5.4 REST OF THE WORLD OTHERS 166
13.5.4.1 Demand for luxury and comfort 166
TABLE 216 REST OF THE WORLD OTHERS: AIR SUSPENSION MARKET, BY VEHICLE TYPE, 2018-2021 (THOUSAND UNITS) 166
TABLE 217 REST OF THE WORLD OTHERS: AIR SUSPENSION MARKET, BY VEHICLE TYPE, 2022-2027 (THOUSAND UNITS) 166
TABLE 218 REST OF THE WORLD OTHERS: AIR SUSPENSION MARKET, BY VEHICLE TYPE, 2018-2021 (USD MILLION) 166
TABLE 219 REST OF THE WORLD OTHERS: AIR SUSPENSION MARKET, BY VEHICLE TYPE, 2022-2027 (USD MILLION) 167
14 COMPETITIVE LANDSCAPE 168
14.1 OVERVIEW 168
14.2 AIR SUSPENSION MARKET SHARE ANALYSIS, 2021 168
TABLE 220 MARKET SHARE ANALYSIS FOR OE MARKET, 2021 168
FIGURE 35 AIR SUSPENSION MARKET SHARE ANALYSIS, 2021 169
14.3 REVENUE ANALYSIS OF TOP LISTED/PUBLIC PLAYERS 170
FIGURE 36 REVENUE ANALYSIS OF TOP LISTED/PUBLIC PLAYERS, 2019-2021 170
14.4 AIR SUSPENSION COMPONENT SUPPLIERS LIST, 2021 170
14.4.1 AIR COMPRESSORS 170
TABLE 221 AIR COMPRESSORS SUPPLIERS LIST, 2021 170
14.4.2 AIR SPRINGS 171
TABLE 222 AIR SPRINGS SUPPLIERS LIST, 2021 171
14.5 COMPANY EVALUATION QUADRANT 171
14.5.1 STARS 171
14.5.2 EMERGING LEADERS 171
14.5.3 PERVASIVE PLAYERS 172
14.5.4 PARTICIPANTS 172
FIGURE 37 COMPETITIVE EVALUATION MATRIX (AIR SUSPENSION MANUFACTURERS), 2021 172
14.6 COMPETITIVE SCENARIO 173
14.6.1 NEW PRODUCT LAUNCHES 173
TABLE 223 PRODUCT LAUNCHES, 2020-2022 173
14.6.2 DEALS 174
TABLE 224 DEALS, 2019-2022 174
14.6.3 OTHER DEVELOPMENTS, 2019-2022 175
TABLE 225 OTHER DEVELOPMENTS, 2019-2022 175
14.7 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2019-2022 175
FIGURE 38 COMPANIES ADOPTED NEW PRODUCT DEVELOPMENTS AND EXPANSIONS AS KEY GROWTH STRATEGIES, 2019-2022 176
14.8 RIGHT TO WIN 177
14.9 COMPETITIVE BENCHMARKING 178
TABLE 226 AIR SUSPENSION MARKET: DETAILED LIST OF KEY STARTUPS/SMES 178
TABLE 227 AIR SUSPENSION MARKET: COMPETITIVE BENCHMARKING OF KEY PLAYERS 179
15 COMPANY PROFILES 180
(Business overview, Products offered, Recent developments & MnM View)*
15.1 KEY PLAYERS 180
15.1.1 ZF FRIEDRICHSHAFEN AG 180
TABLE 228 ZF FRIEDRICHSHAFEN AG: BUSINESS OVERVIEW 180
FIGURE 39 ZF FRIEDRICHSHAFEN AG: COMPANY SNAPSHOT 181
TABLE 229 ZF FRIEDRICHSHAFEN AG: PRODUCTS OFFERED 181
TABLE 230 ZF FRIEDRICHSHAFEN AG: NEW PRODUCT DEVELOPMENTS 182
TABLE 231 ZF FRIEDRICHSHAFEN AG: DEALS 183
TABLE 232 ZF FRIEDRICHSHAFEN AG: OTHER DEVELOPMENTS 183
15.1.2 CONTINENTAL AG 184
TABLE 233 CONTINENTAL AG: BUSINESS OVERVIEW 184
FIGURE 40 CONTINENTAL AG: COMPANY SNAPSHOT 184
TABLE 234 CONTINENTAL AG: PRODUCTS OFFERED 185
TABLE 235 CONTINENTAL AG: NEW PRODUCT DEVELOPMENTS 185
TABLE 236 CONTINENTAL AG: OTHER DEVELOPMENTS 186
15.1.3 THYSSENKRUPP AG 187
TABLE 237 THYSSENKRUPP AG: BUSINESS OVERVIEW 187
FIGURE 41 THYSSENKRUPP AG: COMPANY SNAPSHOT 187
TABLE 238 THYSSENKRUPP AG: PRODUCTS OFFERED 188
TABLE 239 THYSSENKRUPP AG: OTHER DEVELOPMENTS 188
15.1.4 MERITOR, INC. 190
TABLE 240 MERITOR, INC.: BUSINESS OVERVIEW 190
FIGURE 42 MERITOR, INC.: COMPANY SNAPSHOT 190
TABLE 241 MERITOR, INC.: PRODUCTS OFFERED 191
TABLE 242 MERITOR, INC.: NEW PRODUCT DEVELOPMENTS 191
TABLE 243 MERITOR, INC.: DEALS 192
15.1.5 SAF HOLLAND SE 193
TABLE 244 SAF HOLLAND SE: BUSINESS OVERVIEW 193
FIGURE 43 SAF HOLLAND SE: COMPANY SNAPSHOT 193
TABLE 245 SAF HOLLAND SE: PRODUCTS OFFERED 194
TABLE 246 SAF HOLLAND SE: DEALS 194
TABLE 247 SAF HOLLAND SE: OTHER DEVELOPMENTS 194
15.1.6 HENDRICKSON 196
TABLE 248 HENDRICKSON: BUSINESS OVERVIEW 196
TABLE 249 HENDRICKSON: PRODUCTS OFFERED 196
TABLE 250 HENDRICKSON: NEW PRODUCT DEVELOPMENTS 197
TABLE 251 HENDRICKSON: OTHER DEVELOPMENTS 197
15.1.7 FIRESTONE INDUSTRIAL PRODUCTS COMPANY, LLC 198
TABLE 252 FIRESTONE INDUSTRIAL PRODUCTS COMPANY, LLC: BUSINESS OVERVIEW 198
TABLE 253 FIRESTONE INDUSTRIAL PRODUCTS COMPANY, LLC: PRODUCTS OFFERED 198
TABLE 254 FIRESTONE INDUSTRIAL PRODUCTS COMPANY, LLC: OTHER DEVELOPMENTS 198
15.1.8 VIBRACOUSTIC SE 199
TABLE 255 VIBRACOUSTIC SE: BUSINESS OVERVIEW 199
TABLE 256 VIBRACOUSTIC SE: PRODUCTS OFFERED 199
TABLE 257 VIBRACOUSTIC SE: DEALS 200
15.1.9 MANDO CORPORATION 201
TABLE 258 MANDO CORPORATION: BUSINESS OVERVIEW 201
FIGURE 44 MANDO CORPORATION: COMPANY SNAPSHOT 201
TABLE 259 MANDO CORPORATION: PRODUCTS OFFERED 202
15.1.10 BWI GROUP 203
TABLE 260 BWI GROUP: BUSINESS OVERVIEW 203
TABLE 261 BWI GROUP: PRODUCTS OFFERED 203
*Details on Business overview, Products offered, Recent developments & MnM View might not be captured in case of unlisted companies.
15.2 OTHER KEY PLAYERS 204
15.2.1 ARNOTT INC. 204
TABLE 262 ARNOTT INC.: BUSINESS OVERVIEW 204
15.2.2 BILSTEIN 204
TABLE 263 BILSTEIN: BUSINESS OVERVIEW 204
15.2.3 AIR LIFT COMPANY 205
TABLE 264 AIR LIFT COMPANY: BUSINESS OVERVIEW 205
15.2.4 INFINITY ENGINEERED PRODUCTS 205
TABLE 265 INFINITY ENGINEERED PRODUCTS: BUSINESS OVERVIEW 205
15.2.5 DUNLOP 206
TABLE 266 DUNLOP: BUSINESS OVERVIEW 206
15.2.6 VB-AIRSUSPENSION 206
TABLE 267 VB-AIRSUSPENSION: BUSINESS OVERVIEW 206
15.2.7 LINK 207
TABLE 268 LINK: BUSINESS OVERVIEW 207
15.2.8 UNIVERSAL AIR SUSPENSION 207
TABLE 269 UNIVERSAL AIR SUSPENSION: BUSINESS OVERVIEW 207
15.2.9 LIFTMATIC 208
TABLE 270 LIFTMATIC: BUSINESS OVERVIEW 208
15.2.10 STEMCO 208
TABLE 271 STEMCO: BUSINESS OVERVIEW 208
15.2.11 SHANGHAI KOMMAN 209
TABLE 272 SHANGHAI KOMMAN: BUSINESS OVERVIEW 209
15.2.12 JAMNA AUTO 209
TABLE 273 JAMNA AUTO: BUSINESS OVERVIEW 209
16 APPENDIX 210
16.1 INSIGHTS FROM INDUSTRY EXPERTS 210
16.2 DISCUSSION GUIDE 210
16.3 KNOWLEDGESTORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL 214
16.4 CUSTOMIZATION OPTIONS 216
16.4.1 AIR SUSPENSION MARKET, BY VEHICLE TYPE & TECHNOLOGY 216
16.4.1.1 Light Duty Vehicles 216
16.4.1.2 Trucks 216
16.4.1.3 Buses 216
16.4.2 AIR SUSPENSION COMPONENT MARKET, BY VEHICLE TYPE 216
16.4.2.1 Light Duty Vehicles 216
16.4.2.2 Trucks 216
16.4.2.3 Buses 216
16.4.3 DETAILED ANALYSIS AND PROFILING OF ADDITIONAL MARKET
PLAYERS (UP TO 3) 216
16.5 RELATED REPORTS 216
16.6 AUTHOR DETAILS 217
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- Delivery
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Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
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- Shipping Charges
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As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
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- Prices
- Ordering
- By Credit Card
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We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
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- By Money Transfer
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If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
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- By Credit Card
- Security
- Website security
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We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
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- Credit Card Security
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We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
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- Website security