Air Springs Market: By Vehicle Type, Trucks, Bus) By Component, Height & Pressure Sensor, Others) By Technology Type By Sales Channel, Aftermarket) and Region Forecast 2020-2031
Air Springs Market: By Vehicle Type, Trucks, Bus) By Component, Height & Pressure Sensor, Others) By Technology Type By Sales Channel, Aftermarket) and Region Forecast 2020-2031
Air Springs Market size was valued at US$ 7.7 billion in 2024 and is expected to reach US$ 11.0 billion by 2031, growing at a significant CAGR of 5.3% from 2025-2031. Increased use in commercial and luxury cars of air compressors, suspension systems, and other advanced components, increasing research and development activities are a few key drivers boosting the global market. Strong adoption costs for low-range vehicle air suspension systems act as a restrain which hung the growth of the market. The replacement of metal springs with air suspension systems such as shock absorbers and air springs provides opportunities for the market. Air springs are a sort of suspension mechanism used in automobiles to provide smooth braking. Automobiles with air suspension have better safety features. As a result of these factors, the use of air springs in passenger automobiles and commercial vehicles is expanding.
Study Period
2025-2031Base Year
2024CAGR
5.3%Largest Market
EuropeFastest Growing Market
North-America
It is noticed that the market has a significant market growth rate on the perspective of increase in global commercial vehicles. In 2018, around 12.4 million commercial vehicles were produced in North America. Although commercial vehicle production fell globally between 2018 and 2019, North American production remained largely the same, increasing 0.2 percent year-on-year. On increasing population and per income are the other factors which help in the significant growth of the market in turn help in development of the market.
Europe contributed major revenue followed by North America and Asia Pacific. In 2019, Europe region accounted huge growth rate and is anticipated to grow with a forecast year due to increased commercial vehicle demand and strict regulations for the implementation of advanced components and systems. North America, demand for luxury and premium vehicles and growing the adoption of air active suspension to push the economy in commercial light duty vehicles. Asia Pacific led the market.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2025-2031 |
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Market Size in 2024 |
US$ 7.7 billion |
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Market Size in 2031 |
US$ 11.0 billion |
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Market CAGR |
5.3% |
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By Vehicle Type |
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By Component |
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By Technology Type |
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By Sales Channel |
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By Region |
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Air springs market size was valued at US$ 7.7 billion in 2024 and is expected to reach US$ 11.0 billion by 2031, growing at a CAGR of 5.3%.
Continental, ThyssenKrupp AGHitachi, Wabco, Firestone Industrial Products, Hendrickson, Mando Corporation, BWI Group, SAF-Holland, Accuair Suspension
North America is the fastest growing region in the market
| 1.Executive Summary |
| 2.Global Air Springs Market Introduction |
| 2.1.Global Air Springs Market - Taxonomy |
| 2.2.Global Air Springs Market - Definitions |
| 2.2.1.Vehicle Type |
| 2.2.2.Component |
| 2.2.3.Technology Type |
| 2.2.4.Sales Channel |
| 2.2.5.Region |
| 3.Global Air Springs Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Air Springs Market Analysis, 2020 - 2024 and Forecast 2025 - 2031 |
| 4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Air Springs Market By Vehicle Type, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 5.1. Light Commercial Vehicles (LCV) |
| 5.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Trucks |
| 5.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Bus |
| 5.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 6.Global Air Springs Market By Component, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 6.1. Air Spring |
| 6.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Tank |
| 6.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Solenoid Valve |
| 6.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Shock Absorber |
| 6.4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Air Compressor |
| 6.5.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Electronic Control Unit (ECU) |
| 6.6.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 6.7. Height & Pressure Sensor |
| 6.7.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 6.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.7.3. Market Opportunity Analysis |
| 6.8. Others |
| 6.8.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 6.8.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.8.3. Market Opportunity Analysis |
| 7.Global Air Springs Market By Technology Type, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 7.1. Electronic Controlled |
| 7.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Non-Electronic Controlled |
| 7.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 8.Global Air Springs Market By Sales Channel, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 8.1. Original Equipment Manufacturers (OEMs) |
| 8.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Aftermarket |
| 8.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 9.Global Air Springs Market By Region, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 9.1. North America |
| 9.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 9.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.1.3. Market Opportunity Analysis |
| 9.2. Europe |
| 9.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 9.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.2.3. Market Opportunity Analysis |
| 9.3. Asia Pacific (APAC) |
| 9.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 9.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.3.3. Market Opportunity Analysis |
| 9.4. Middle East and Africa (MEA) |
| 9.4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 9.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.4.3. Market Opportunity Analysis |
| 9.5. Latin America |
| 9.5.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 9.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.5.3. Market Opportunity Analysis |
| 10.North America Air Springs Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 10.1. Vehicle Type Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Light Commercial Vehicles (LCV) |
| 10.1.2.Trucks |
| 10.1.3.Bus |
| 10.2. Component Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Air Spring |
| 10.2.2.Tank |
| 10.2.3.Solenoid Valve |
| 10.2.4.Shock Absorber |
| 10.2.5.Air Compressor |
| 10.2.6.Electronic Control Unit (ECU) |
| 10.2.7.Height & Pressure Sensor |
| 10.2.8.Others |
| 10.3. Technology Type Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Electronic Controlled |
| 10.3.2.Non-Electronic Controlled |
| 10.4. Sales Channel Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Original Equipment Manufacturers (OEMs) |
| 10.4.2.Aftermarket |
| 10.5. Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.5.1.United States of America (USA) |
| 10.5.2.Canada |
| 11.Europe Air Springs Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 11.1. Vehicle Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Light Commercial Vehicles (LCV) |
| 11.1.2.Trucks |
| 11.1.3.Bus |
| 11.2. Component Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Air Spring |
| 11.2.2.Tank |
| 11.2.3.Solenoid Valve |
| 11.2.4.Shock Absorber |
| 11.2.5.Air Compressor |
| 11.2.6.Electronic Control Unit (ECU) |
| 11.2.7.Height & Pressure Sensor |
| 11.2.8.Others |
| 11.3. Technology Type Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Electronic Controlled |
| 11.3.2.Non-Electronic Controlled |
| 11.4. Sales Channel Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.Original Equipment Manufacturers (OEMs) |
| 11.4.2.Aftermarket |
| 11.5. Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.5.1.Germany |
| 11.5.2.France |
| 11.5.3.Italy |
| 11.5.4.United Kingdom (UK) |
| 11.5.5.Spain |
| 12.Asia Pacific (APAC) Air Springs Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 12.1. Vehicle Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Light Commercial Vehicles (LCV) |
| 12.1.2.Trucks |
| 12.1.3.Bus |
| 12.2. Component Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Air Spring |
| 12.2.2.Tank |
| 12.2.3.Solenoid Valve |
| 12.2.4.Shock Absorber |
| 12.2.5.Air Compressor |
| 12.2.6.Electronic Control Unit (ECU) |
| 12.2.7.Height & Pressure Sensor |
| 12.2.8.Others |
| 12.3. Technology Type Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Electronic Controlled |
| 12.3.2.Non-Electronic Controlled |
| 12.4. Sales Channel Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.Original Equipment Manufacturers (OEMs) |
| 12.4.2.Aftermarket |
| 12.5. Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.5.1.China |
| 12.5.2.India |
| 12.5.3.Australia and New Zealand (ANZ) |
| 12.5.4.Japan |
| 12.5.5.Rest of APAC |
| 13.Middle East and Africa (MEA) Air Springs Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 13.1. Vehicle Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Light Commercial Vehicles (LCV) |
| 13.1.2.Trucks |
| 13.1.3.Bus |
| 13.2. Component Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Air Spring |
| 13.2.2.Tank |
| 13.2.3.Solenoid Valve |
| 13.2.4.Shock Absorber |
| 13.2.5.Air Compressor |
| 13.2.6.Electronic Control Unit (ECU) |
| 13.2.7.Height & Pressure Sensor |
| 13.2.8.Others |
| 13.3. Technology Type Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Electronic Controlled |
| 13.3.2.Non-Electronic Controlled |
| 13.4. Sales Channel Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Original Equipment Manufacturers (OEMs) |
| 13.4.2.Aftermarket |
| 13.5. Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.5.1.GCC Countries |
| 13.5.2.South Africa |
| 13.5.3.Rest of MEA |
| 14.Latin America Air Springs Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 14.1. Vehicle Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.1.1.Light Commercial Vehicles (LCV) |
| 14.1.2.Trucks |
| 14.1.3.Bus |
| 14.2. Component Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.2.1.Air Spring |
| 14.2.2.Tank |
| 14.2.3.Solenoid Valve |
| 14.2.4.Shock Absorber |
| 14.2.5.Air Compressor |
| 14.2.6.Electronic Control Unit (ECU) |
| 14.2.7.Height & Pressure Sensor |
| 14.2.8.Others |
| 14.3. Technology Type Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.3.1.Electronic Controlled |
| 14.3.2.Non-Electronic Controlled |
| 14.4. Sales Channel Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.4.1.Original Equipment Manufacturers (OEMs) |
| 14.4.2.Aftermarket |
| 14.5. Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.5.1.Brazil |
| 14.5.2.Mexico |
| 14.5.3.Rest of LA |
| 15. Competition Landscape |
| 15.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 15.2.1.Continental |
| 15.2.2.ThyssenKrupp AG |
| 15.2.3.Hitachi |
| 15.2.4.Wabco |
| 15.2.5.Firestone Industrial Products |
| 15.2.6.Hendrickson |
| 15.2.7.Mando Corporation |
| 15.2.8.BWI Group |
| 15.2.9.SAF-Holland |
| 15.2.10.Accuair Suspension |
| 16. Research Methodology |
| 17. Appendix and Abbreviations |
Key Market Players
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