Do you remember that going for a long drive was full of hiccups for the vehicle? Well, in recent times, air suspension has been used to realize effortless and continuous driving quality. In the air suspension market, correspondingly, air suspension restores a traditional steel spring suspension in bulkier vehicle applications such as trucks, tractor-trailers, passenger buses, and even passenger trains. Air suspension is a technique of vehicle suspension that's driven by an electric pump or compressor that pumps air into flexible bellows that are usually composed of a textile-fortified kind of rubber.
The Market Value
The global air suspension market was valued at USD 6.51 billion in 2022 and is expected to grow to USD 11.96 billion at a CAGR of 6.3% during the forecast period of 2032.
There has been a notable upsurge in demand and sales of commercial vehicles covering the globe lately, together with evolving trend of lightweight vehicles that have assisted OEMs to alleviate CO2 emissions and upgrade fuel efficiency, which are the foremost elements pushing the growth of the global air suspension market. Further, many makers worldwide are continuously working towards searching ideal blend of material composition to lessen vehicle weight that is affirmatively impacting market growth.
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In June 2022, Meritor announced the launch of its new ProTec Independent Front Suspension, especially for motorcoach applications. It is the first product designed for the ride based on proven technology. The product is the company's 1st suspension & steering.
The air suspension market will witness rising growth due to factors such as the escalated demand of the automotive industry to offer drivers ease while driving. In the air suspension industry, the escalated consequence of luxury and comfort in passenger cars, which covering long distances, is expected to fuel the market growth. The upswing in the making of commercial vehicles and passenger cars is elevating the demand for vehicles that are unified with air suspension systems.
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