Passenger Car Air Suspension Market Size, Share, Growth, and Industry Analysis, By Type (Electronically Controlled Air Suspension, Non-Electronically Controlled Air Suspension), By Application (Sedan, SUV, Others) and Regional Insights and Forecast to 2032

Updated On: 22 April 2024

PASSENGER CAR AIR SUSPENSION MARKET REPORT OVERVIEW

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The global passenger car air suspension market size was USD 881.6 million in 2019 and will touch USD 1171.6 million by 2026, exhibiting a CAGR of 4.1% during the forecast period.

Passenger car air suspension refers to seat that instead of rolling coils or leaf springs to support vehicle's weight, uses airbags. The handle of the compressed air, directed by the electronic control units and sensors, is for the regulation of the ride height and stiffness of the suspension. It increases the ride comfort by filtering out road shocks and commutation, thus leading to a smoother drive. It offers a set of real-time adjustments, so drivers can choose the appropriate handling and stability that perfects their behaviour based on the type of road. Furthermore, air suspension can automatically level a vehicle no matter what it is carrying and retain level ride height even with varying load. Modern automobiles use these characteristics to enhance comfort for passengers, to increase performance and to decrease accidents on the road.

Air suspension passenger car market is showing an increasing trend which is assisted by several important factors. Both the productivity as well as the increasing demands for better quality ride and comfort play the big role in the overall transportation market. Air suspension systems provide more comfortable ride and less noise along with less vibration than traditional coil suspensions which results into driving with a sense of relaxation. This has ultimately promoted the maximum consideration of comfort, making any brand, irrespective of their category, integrate air suspension systems in their premium and luxury vehicles for sale, in turn stimulating the market. In addition, the adoption of the technology by several brands has been the major thrust driving the enhanced passenger car air suspension market. The invention of such technologies as electronic control systems and adaptive air damping makes is possible to achieve strain adjustment for the suspension that suits different driving situations and preferences. Also, the ability to combine air suspension with ADAS capabilities manifested themselves as an opportunity to further ensure the safety of the drivers and to improve the overall vehicle performance, in addition to the market growth. In addition, green environmental issues have led to the emergence of interest in air suspension systems which with their ability to increase fuel efficiency as well as decreasing pollutive emissions can improve fuel efficiency.

COVID-19 Impact: Market Growth Hampered By Pandemic Due to Disruptions in Supply Chains

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

Passenger Car Air Suspension market suffered a great deal with coronavirus (COVID-19) pandemic across the globe. By means of the pandemic and its implication of transportation lockdowns, restrictions on movements, and economical problems, the consumers’ desire to buy new cars fell off very steeply indeed. This decline in demand, in turn, had a direct impact on the automotive industry including the affect of the air suspension side of the industry as well. Passenger car air suspensions sold and the productions were stifled by less uptake of vehicles hence their adoption slowed down substantially. Enterprises encountered problems such as supply chains being off in balance, reduced funding, and lack of logistical support, and it pushed the situation to the limit. Moreover, the absence of reliable information on how long the pandemic is going to last and how intense it will be rendered decision-making processes more complex, resulting in delays on the implementation of new projects and on the investments on air suspension technology.

LATEST TRENDS

"Growing Demand for Comfort Features to Drive Market Growth"

There is a growing demand for consolation and luxury features in passenger vehicles. Air suspension systems provide a comfortable journey by means of adjusting the car's top and damping traits, presenting a smoother and extra cushy riding. Manufacturers are constantly investing in research and improvement to enhance the overall performance and efficiency of air suspension structures. Advancements in sensor mechanism, electronic units, and pneumatic additives have brought about extra modern and dependable air suspension systems. Consumers are increasingly more seeking customizable options for their vehicles. Air suspension systems provide adjustable experience heights, permitting drivers to personalize their driving enjoy based totally on avenue conditions, riding choices, or car load.  Air suspension systems contribute to advanced fuel performance by way of reducing aerodynamic drag and optimizing car experience top. As environmental concerns retain to pressure automotive innovation, air suspension structures are becoming greater popular as a method to improve automobile performance and decrease emissions

PASSENGER CAR AIR SUSPENSION MARKET SEGMENTATION

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By Type

Based on type the global market can be categorized into Electronically Controlled Air Suspension, Non-Electronically Controlled Air Suspension.

• Electronically Controlled Air Suspension: This form of air suspension makes use of digital sensors and manage modules to manage air stress and alter the car's ride peak and stiffness mechanically. ECAS structures offer particular manipulate over the car's suspension characteristics, taking into account adaptive adjustments based on riding situations, load, and driving force preferences.

• Non-Electronically Controlled Air Suspension: Non-electronically controlled air suspension structures depend on mechanical additives along with valves, air springs, and manual changes for regulating air pressure and ride height. Unlike ECAS, these systems usually lack the modern digital controls and sensors located in electronically controlled systems.

By Application

Based on application the global market can be categorized into Sedan, SUV, Others.

• Sedan: Sedans installed with the air shocks are provided with the less bouncy and firm ride, as the prime purpose of the air suspension is to take the irregularities of road most smoothly. Adaptive air suspension is so versatile that sedan drivers can select their kind of ride either cruising down the highway or going around a winding road through clenched corners.

• SUV: In the case of SUVs, air suspensions give a variety of different benefits. During these situations they bend low or lean back to stay away from stones, restricting your field of vision and thus making driving off-road a very difficult task. Other than that, SUVs equipped with the air suspension can automatically adjust journey heights dependably on the specified conditions thus raising the comfort a while reducing the chances of rolling off the road.

• Others: Apart from the popular cars and the SUVs, the air suspension generation has opened up opportunities in the automobile industry that are different ranging from the cars to the trucks which handle heavy loads. Producers have produced various vehicles such as coupe, hatchback and luxury car showing their knowledge of air suspension advantages in giving a classy mood.

DRIVING FACTORS

"Improved Vehicle Performance to Boost the Market Growth"

Air suspension structures make contributions to better coping with and balance by way of maintaining most excellent journey peak and adjusting damping in actual-time primarily based on riding situations. This function complements typical vehicle overall performance, specifically in phrases of cornering, braking, and cargo-sporting skills. As performance-oriented consumers are searching for cars with advanced suspension technology, the demand for air suspension-equipped passenger automobiles increases. Comfort has become a paramount attention for purchasers while selecting passenger vehicles. Air suspension systems offer superior experience via adjusting the automobile's top and damping characteristics, offering a smoother and greater comfortable driving. As customer preferences shift in the direction of luxurious and luxury features, the demand for passenger vehicles equipped with air suspension structures continues to upward thrust.

Customization and Personalization Features to Expand the Market

Air suspension systems offer extra flexibility for personalization, permitting drivers to alter trip top and stiffness in keeping with their choices. This adaptability appeals to a huge variety of consumers, consisting of enthusiasts and individuals seeking precise driving. Manufacturers capitalize on this fashion by way of providing customizable air suspension alternatives throughout their passenger car line-up, further driving passenger car air suspension market growth.  Air suspension systems make a contribution to improved automobile protection and balance via automatically adjusting experience peak to make amends for load variations and road situations. This characteristic enhances balance throughout cornering and reduces the chance of rollovers, especially in SUVs and crossover vehicles. As protection stays a pinnacle priority for purchasers and regulatory bodies, the adoption of air suspension structures in passenger vehicles is anticipated to continue developing.

RESTRAINING FACTORS

"High Costs to Impede Market Growth"

One of the primary restraints within the passenger car air suspension marketplace is the high cost related to air suspension structures as compared to conventional suspension structures. The complex design, superior generation, and complicated additives make contributions to increased production expenses. As a result, the final price of vehicles prepared with air suspension structures will become substantially better, restricting their adoption, particularly in mass-marketplace passenger automobiles where price concerns are paramount.

PASSENGER CAR AIR SUSPENSION MARKET REGIONAL INSIGHTS

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Europe to Dominate in the Market due to Presence of a Large Consumer Base

The market is segmented into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

Europe has emerged as the most dominant region in the global passenger car air suspension market share. Some of the automobile manufacturers that produce the most popular cars in the world are located here in the region that is known for the comfort, safety, and advanced technology of the vehicles they produce. Companies, for instance, BMW, Mercedes-Benz and Audi were the initial pioneers to use the high-end air suspension structures in their prestige vehicles. Thus, air suspension became a luxurious feature in most vehicles in the European market.

KEY INDUSTRY PLAYERS

Key Industry Players Shaping the Market through Innovation and Market Expansion

The passenger car air suspension market is significantly influenced by key industry players that play a pivotal role in driving market dynamics and shaping consumer preferences. These key players possess extensive retail networks and online platforms, providing consumers with easy access to a wide variety of wardrobe options. Their strong global presence and brand recognition have contributed to increased consumer trust and loyalty, driving product adoption. Moreover, these industry giants continually invest in research and development, introducing innovative designs, materials, and smart features in Passenger car air suspension, catering to evolving consumer needs and preferences. The collective efforts of these major players significantly impact the competitive landscape and future trajectory of the market.

List of Market Players Profiled

• Continental (Germany)
• Wabco (Switzerland)
• Firestone (U.S.)
• ThyssenKrupp Bilstein (Germany)
• Hitachi (Japan)
• Dunlop (U.K.)
• BWI Group (China)

INDUSTRIAL DEVELOPMENT

May 2020:  ZF Friedrichshafen AG efficiently completed the acquisition of business vehicle supplier WABCO, having gained approval from all required regulatory authorities.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.