Air Springs Market Size, Share, Growth, Trends, and Global Industry Analysis: By Vehicle Type (Light Commercial Vehicles (LCV), Trucks, Bus) By Component (Air Spring, Tank, Solenoid Valve, Shock Absorber, Air Compressor, Electronic Control Unit (ECU), Height & Pressure Sensor, Others) By Technology Type (Electronic Controlled, Non-Electronic Controlled) By Sales Channel (Original Equipment Manufacturers (OEMs), Aftermarket) and Region

Air Springs Market size was valued at US$ 6725.67 million in 2023 and is expected to reach US$ 10383.10 million by 2028, at a CAGR of 6.4% from 2024-2030. 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 global air springs market. The replacement of metal springs with air suspension systems such as shock absorbers and air springs provides opportunities for the air springs 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.

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Air Springs Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

6.4%

Largest Market

Europe

Fastest Growing Market

North America

Air Springs Market Dynamics

It is noticed that the global air springs 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 global air springs market in turn help in development of global air springs market.

Europe Got Significant Share

Air Springs Market Regional Analysis

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 global air springs market.

Latin America

Europe

Asia Pacific

Middle East

North America

Air Springs Market Segmentation Analysis

Report Benchmarks	Details
Report Study Period	2024-2030
Market Size in 2023	US$ 6725.67 million
Market Size in 2028	US$ 10383.10 million
Market CAGR	6.4%
By Vehicle Type	Light Commercial Vehicles (LCV) Trucks Bus
By Component	Air Spring Tank Solenoid Valve Shock Absorber Air Compressor Electronic Control Unit (ECU) Height & Pressure Sensor Others
By Technology Type	Electronic Controlled Non-Electronic Controlled
By Sales Channel	Original Equipment Manufacturers (OEMs) Aftermarket

Key Features of the Report

The report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
The report tracks recent innovations, key developments, and start-up details that are actively working in the market
The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario

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Frequently Asked Questions

The air springs market is projected to expand at a CAGR of 6.4% during the forecast period

Continental, ThyssenKrupp AGHitachi, Wabco, Firestone Industrial Products, Hendrickson, Mando Corporation, BWI Group, SAF-Holland, Accuair Suspension

Executive Summary
Global Air Springs Market Introduction
- Global Air Springs Market Taxonomy
- Global Air Springs Market Definitions
  - Vehicle Type
  - Technology
  - Component
  - Sales Channel
Global Air Springs Market Dynamics
- Drivers
- Restraints
- Opportunities/Unmet Needs of the Market
- Trends
- Global Air Springs Market Dynamic Factors - Impact Analysis
- Global Air Springs Market Competition Landscape
Global Air Springs Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030
- Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%)
- Market Opportunity Analysis
Global Air Springs Market, By Vehicle Type, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
- Light Commercial Vehicles (LCV)
  - Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
  - Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
  - Market Opportunity Analysis
- Trucks
  - Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
  - Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
  - Market Opportunity Analysis
- Bus
  - Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
  - Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
  - Market Opportunity Analysis

Global Air Springs Market Forecast, By Technology, 2019 - 2023 and Forecast, 2020 2026 (Revenue, USD Mn)
- Electronic Controlled
  - Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
  - Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
  - Market Opportunity Analysis
- Non-Electronic Controlled
  - Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
  - Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
  - Market Opportunity Analysis

Global Air Springs Market Forecast, By Component, 2019 - 2023 and Forecast, 2020 2026 (Revenue, USD Mn)
- Air Spring
  - Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
  - Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
  - Market Opportunity Analysis
- Tank
  - Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
  - Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
  - Market Opportunity Analysis
- Solenoid Valve
  - Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
  - Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
  - Market Opportunity Analysis
- Shock Absorber
  - Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
  - Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
  - Market Opportunity Analysis
- Air Compressor
  - Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
  - Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
  - Market Opportunity Analysis
- Electronic Control Unit (ECU)
  - Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
  - Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
  - Market Opportunity Analysis
- Height & Pressure Sensor
  - Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
  - Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
  - Market Opportunity Analysis
- Others
  - Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
  - Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
  - Market Opportunity Analysis

Global Air Springs Market Forecast, By Sales Channel, 2019 - 2023 and Forecast, 2024 - 2030
- Original Equipment Manufacturers (OEMs)
  - Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
  - Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
  - Market Opportunity Analysis
- Aftermarket
  - Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
  - Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
  - Market Opportunity Analysis

Global Air Springs Market Forecast, By Region, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
- North America
  - Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
  - Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
  - Market Opportunity Analysis
- Europe
  - Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
  - Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
  - Market Opportunity Analysis
- Asia-Pacific
  - Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
  - Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
  - Market Opportunity Analysis
- Latin America
  - Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
  - Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
  - Market Opportunity Analysis
- Middle East and Africa
  - Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
  - Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
  - Market Opportunity Analysis
- Global Air Springs Market - Opportunity Analysis Index, By Vehicle Type, Technology, Component, Sales Channel and Region, 2024 - 2030
North America Air Springs Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
- Vehicle Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
  - Light Commercial Vehicles (LCV)
  - Trucks
  - Bus
- Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
  - Electronic Controlled
  - Non-Electronic Controlled
- Component Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
  - Air Spring
  - Tank
  - Solenoid Valve
  - Shock Absorber
  - Air Compressor
  - Electronic Control Unit (ECU)
  - Height & Pressure Sensor
  - Others
- Sales Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
  - Original Equipment Manufacturers (OEMs)
  - Aftermarket
- Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
  - USA
  - Canada
- North America Air Springs Market - Opportunity Analysis Index, By Vehicle Type, Technology, Component, Sales Channel and Country, 2024 - 2030
- North America Air Springs Market Dynamics Trends
Europe Air Springs Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
- Vehicle Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
  - Light Commercial Vehicles (LCV)
  - Trucks
  - Bus
- Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
  - Electronic Controlled
  - Non-Electronic Controlled
- Component Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
  - Air Spring
  - Tank
  - Solenoid Valve
  - Shock Absorber
  - Air Compressor
  - Electronic Control Unit (ECU)
  - Height & Pressure Sensor
  - Others
- Sales Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
  - Original Equipment Manufacturers (OEMs)
  - Aftermarket
- Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
  - Germany
  - UK
  - France
  - Spain
  - Italy
  - Russia
  - Poland
  - Rest of Europe
- Europe Air Springs Market - Opportunity Analysis Index, By Vehicle Type, Technology, Component, Sales Channel and Country, 2024 - 2030
- Europe Air Springs Market Dynamics Trends
Asia-Pacific Air Springs Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
- Vehicle Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
  - Light Commercial Vehicles (LCV)
  - Trucks
  - Bus
- Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
  - Electronic Controlled
  - Non-Electronic Controlled
- Component Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
  - Air Spring
  - Tank
  - Solenoid Valve
  - Shock Absorber
  - Air Compressor
  - Electronic Control Unit (ECU)
  - Height & Pressure Sensor
  - Others
- Sales Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
  - Original Equipment Manufacturers (OEMs)
  - Aftermarket
- Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
  - Japan
  - China
  - India
  - ASEAN
  - Australia & New Zealand
  - Rest of Asia-Pacific
- Asia-Pacific Air Springs Market - Opportunity Analysis Index, By Vehicle Type, Technology, Component, Sales Channel and Country, 2024 - 2030
- Asia-Pacific Air Springs Market Dynamics Trends
Latin America Air Springs Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
- Vehicle Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
  - Light Commercial Vehicles (LCV)
  - Trucks
  - Bus
- Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
  - Electronic Controlled
  - Non-Electronic Controlled
- Component Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
  - Air Spring
  - Tank
  - Solenoid Valve
  - Shock Absorber
  - Air Compressor
  - Electronic Control Unit (ECU)
  - Height & Pressure Sensor
  - Others
- Sales Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
  - Original Equipment Manufacturers (OEMs)
  - Aftermarket
- Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
  - Brazil
  - Mexico
  - Argentina
  - Rest of Latin America
- Latin America Air Springs Market - Opportunity Analysis Index, By Vehicle Type, Technology, Component, Sales Channel and Country, 2024 - 2030
- Latin America Air Springs Market Dynamics Trends
Middle East and Africa Air Springs Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
- Vehicle Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
  - Light Commercial Vehicles (LCV)
  - Trucks
  - Bus
- Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
  - Electronic Controlled
  - Non-Electronic Controlled
- Component Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
  - Air Spring
  - Tank
  - Solenoid Valve
  - Shock Absorber
  - Air Compressor
  - Electronic Control Unit (ECU)
  - Height & Pressure Sensor
  - Others
- Sales Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
  - Original Equipment Manufacturers (OEMs)
  - Aftermarket
- Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
  - Gulf Cooperation Council (GCC) Countries
  - Israel
  - South Africa
  - Rest of MEA
- MEA Air Springs Market - Opportunity Analysis Index, By Vehicle Type, Technology, Component, Sales Channel and Country, 2024 - 2030
- MEA Air Springs Market Dynamics Trends
Competition Landscape
- Strategic Dashboard of Top Market Players
- Company Profiles (Introduction, Financial Analysis, Vehicle Type & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
  - Continental
  - ThyssenKrupp AG
  - Hitachi
  - Wabco
  - Firestone Industrial Products
  - Hendrickson
  - Mando Corporation
  - BWI Group
  - SAF-Holland
  - Accuair Suspension

Research Methodology
Key Assumptions and Acronyms

Key Market Players

Continental
ThyssenKrupp AG
Hitachi
Wabco
Firestone Industrial Products
Hendrickson
Mando Corporation
BWI Group
SAF-Holland
Accuair Suspension

Air Springs Market Summary

Air Springs Market Dynamics

Air Springs Market Segmentation Analysis

Key Features of the Report

Frequently Asked Questions

What is the CAGR of the air springs market over the forecast period?

Who are the major key players in air springs market?

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