USA Air Suspension Market Outlook to 2028

USA Air Suspension Market Overview

The USA Air Suspension Market has experienced notable growth, this is reflected by Global Air Suspension Market reaching a valuation of USD 7.47 billion in 2023. This growth is fueled by the increasing demand for premium and luxury vehicles, which often come equipped with advanced air suspension systems for enhanced comfort and performance.

The key players in the US air suspension market are Continental AG, Firestone Industrial Products, Wabco Holdings Inc., Hendrickson International Corporation, and VB-Airsuspension. These companies have a strong presence in the market through innovation, partnerships, and distribution networks.

In 2024, Firestone Airide debuted its new Air Command system, which allows users to wirelessly control air helper springs from a smartphone app or dedicated remote control. This new technology is designed to make towing and hauling easier, safer, and more comfortable for customers.

The state of California dominates the USA air suspension market due to its strong automotive industry and high demand for luxury and commercial vehicles. In 2023, California’s dominance is driven by the presence of major automotive manufacturers and a large consumer base.

USA Air Suspension Market Segmentation

By Product Type: The USA Air Suspension Market is segmented by product type into manual air suspension and electronic air suspension. In 2023, electronic air suspension dominates the market due to its superior performance, adjustability, and increasing integration in luxury and commercial vehicles.

By Vehicle Type: The USA Air Suspension Market is segmented by vehicle type into passenger vehicles, and commercial vehicles. In 2023, the passenger vehicle segment was the market leader, driven by growing consumer demand for enhanced comfort and advanced features in luxury and premium cars. The integration of air suspension systems in these vehicles improves ride quality and handling, making them more appealing to consumers.

By Region: The USA Air Suspension Market is segmented by region into North, South, East, and West. In 2023, the West region is dominant due to its strong automotive industry and high consumer demand for advanced vehicle technologies. States like California lead in vehicle customization and aftermarket modifications, further driving the demand for air suspension systems.

USA Air Suspension Market Competitive Landscape

Company

Establishment Year

Headquarters

Continental AG

1871

Hanover, Germany

WABCO Holdings Inc.

1869

Bern, Switzerland

Firestone Industrial Products

1936

Nashville, USA

Hendrickson International

1913

Woodridge, USA

Accu Air Suspension

2001

San Luis Obispo, USA

Hendrickson International: Hendrickson acquired the Reyco Granning suspension business in June 2024. Reyco Granning, a specialist in heavy and medium-duty vehicle suspension solutions, will enhance Hendrickson's product portfolio and improve its service to the commercial vehicle industry.

Accu Air Suspension: In April 2024, Accu Air Suspension partnered with Mopar to offer its Accu Air Dynamic Suspension Jeep line at 2,700 Mopar dealerships nationwide. This partnership allows Mopar customers to access Accu Air's specialized suspension solutions for lifted Jeeps through the extensive Mopar dealer network across the U.S.

USA Air Suspension Industry Analysis

USA Air Suspension Market Growth Drivers

Rising Adoption of Electric Vehicles: The increasing adoption of electric vehicles (EVs) is positively impacting the air suspension market. In 2023, sales of new electric light-duty vehicles in the United States reached about 1.4 million, up from nearly 1 million in 2022. EV sales in the US crossed the one-million mark for the first time in 2023.

Advancements in air suspension technology: Air suspension technology has advanced significantly, with electronically controlled systems and lightweight materials improving efficiency and cost-effectiveness. This has driven wider adoption across over 50 vehicle models from manufacturers like Audi, BMW, Mercedes-Benz, and Tesla.

Increasing demand for premium and luxury vehicles: The rising popularity of premium and luxury vehicles in the US is a major driver for the air suspension market. Many luxury passenger car models, such as the Audi A8, Mercedes S-Class, Porsche Cayenne, Land Rover Discovery, and Volkswagen Touareg, come equipped with electronically controlled air suspension as a standard feature which provide a smoother ride and better handling for these premium vehicles.

USA Air Suspension Market Challenges

Increasing Complexity of Electronically Controlled Air Suspension Systems: The growing adoption of electronically controlled air suspension systems is increasing their complexity and cost. The additional components raise the overall system cost and development time, potentially hindering market advancement.

Demand for Lightweight Vehicles: The increasing demand for lightweight vehicles in the USA to enhance fuel efficiency and reduce emissions is pressuring air suspension manufacturers to develop lighter components. This shift towards lightweight materials and designs poses a challenge for traditional air suspension suppliers.

USA Air Suspension Market Government Initiatives

Federal Tax Credits: The U.S. government is promoting electric vehicle (EV) adoption through federal tax credits of up to $7,500 for new all-electric, plug-in hybrid, and fuel cell electric vehicles purchased in 2023 or later. This initiative, part of the Inflation Reduction Act, aims to encourage consumers to choose cleaner transportation options. Eligibility for the credit depends on specific vehicle qualifications and income limits, which may vary.

Investment in Automotive R&D: The Department of Energy (DOE) has announced several funding opportunities in 2023 to support the transition to electric vehicles and advance vehicle technologies. In January 2024, the DOE announced $32.5 million for 16 projects to advance technology integration critical to achieving net-zero emissions in transportation.

USA Air Suspension Market Future Outlook

By 2028, the USA air suspension market will be experiencing substantial growth driven by continuous advancements in suspension technologies and the increasing adoption of electric and autonomous vehicles, which require sophisticated suspension systems for optimal performance.

 USA Air Suspension Market Future Trends

Increased Adoption of Electric Vehicles: Over the next five years, the adoption of electric vehicles is expected to accelerate, driving demand for advanced air suspension systems. By 2028, number of electric vehicles on the road will expand on a significant scale, necessitating the use of efficient and adaptive suspension systems to enhance ride quality and battery performance.

Integration of Smart Suspension Systems: Smart suspension systems leveraging Io T and AI will become more common, providing real-time adjustments based on driving conditions and passenger preferences to enhance ride comfort and vehicle performance. By 2028, these smart suspension systems are projected to be a standard feature in luxury and commercial vehicles, driving market expansion.
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