Global Air Suspension System and Components Market Strategic Research Report

Scope of the Report

The air suspension system uses air springs as elastic elements, and sends compressed air into the air chambers of springs and shock absorbers through air compressors, thereby changing the height and suspension hardness of the vehicle. The system can automatically compress or extend the springs according to signals from vehicle height sensors, acceleration sensors, etc., and the driving computer controls the air compressor and exhaust valve to adjust the vehicle height and suspension hardness.

The market is constantly changing, and the following points are worth paying attention to:

With the rapid development of smart electric vehicles, air suspension has gradually become the mainstream configuration of high-end new energy vehicle platforms.

The rapid development of the new energy vehicle market has prompted air suspension to penetrate from the high-end market to the mid-end market.

In 2023, China's air suspension market power can be described as a strong rise. Chinese manufacturers occupy nearly 70% of the global market share, and future development deserves special attention.

With the increase in the number of vehicles, the scale effect is formed, and the technology is further improved, the price of air suspension has shown a downward trend.

In 2020, the construction of Continental's electronic suspension system in Changshu, China began, and it will be put into operation in 2021. In August 2022, the second phase expansion project will be launched. Continental's first phase project in Changshu, China produces and assembles air suspension modules and air supply systems, while the second phase project will add an annual output of 600,000 air springs and 100,000 air supply systems, and introduce production lines for key components such as airbags to comprehensively improve the overall production system of air springs. The second phase project is expected to be put into use in 2024.

Vibracoustic established a new plant in Chongqing, China in July 2023 with a total investment of 170 million euros. The new plant focuses on the production of comprehensive NVH products, including engine mounts, chassis bushings, isolators and dampers. In addition, Vibracoustic started air spring production at its Wuxi plant in China, which is the first time Vibracoustic has produced air springs in China.

This report presents a comprehensive overview of the global Air Suspension System and Components market, covering market size and forecast, segmentation by product type and application, competitive landscape, leading players and regional and country-level outlook.

Segment by Type

• Air Suspension System
• Air Suspension System Components

Segment by Application

• New Energy Vehicle
• Fuel Vehicle

Who Can Use This Report?

This report is written for decision-makers who need a clear, data-backed view of the global Air Suspension System and Components market:

• Manufacturers, suppliers and solution providers benchmarking their position and planning product, capacity and go-to-market strategy
• Distributors, channel partners and end users in New Energy Vehicle, Fuel Vehicle evaluating demand and sourcing options
• Investors, financial analysts and consultants assessing growth opportunities, competitive dynamics and M&A potential
• Government agencies, industry associations and research institutions tracking industry developments and policy impact