The global air suspension compressor market size was US$ 2126.4 million in 2021. The global air suspension compressor market size is forecast to reach US$ 3909.3 million by 2030, growing at a compound annual growth rate (CAGR) of 7% during the forecast period from 2022 to 2030.
The air suspension compressor is a component of the vehicle suspension system that provides comfort to the driver. A compressor or pump powered by electricity or an engine operates the air suspension system. These pumps or compressors pump air into the suspension system, which consists of textile-reinforced rubber. In addition to car suspension compressors, large trucks, buses, and minibuses also use air suspension compressors to replace traditional steel springs. The primary goal of air suspension is to provide drivers and passengers with a comfortable and stable ride.
A number of factors, including commercial & passenger vehicle sales growth, and higher demand for luxury & premium vehicles, are forecast to drive growth of the air suspension compressor market.
In the coming years, growing aftermarket demand for air suspension and related components as well as a rise in demand for lightweight air suspension systems, are forecast to create lucrative growth opportunities for the air suspension compressor market.