CHICAGO , Aug. 23, 2024 /PRNewswire/ -- Air Suspension market is projected to reach USD 13.9 billion by 2030 from USD 10.
0 billion in 2024, at a CAGR of 5.6%, according to a new report by MarketsandMarkets. The rising sales of luxury passenger vehicles, including SUVs, sedans, and electric vehicles, are expected to boost the global demand for passenger car air suspension systems.
Similarly, with enhanced ride comfort, increased load capacity, and growing demand for heavy commercial vehicle sales, the adoption of air suspension systems in buses and trucks is rising. Download an Illustrative overview: https://www.marketsandmarkets.
com/pdfdownloadNew.asp?id=108443432 Browse in-depth TOC on " Air Suspension Market " 304 - Tables 56 - Figures 281 - Pages Air Suspension Market Scope: Electric & hybrid LDVs are expected to be the market's most prominent electric & hybrid vehicle air suspension systems. The demand for electric vehicles is growing, and there is a growing focus on clean transportation.
The trend is expected to continue, where global electric light-duty vehicle sales are expected to reach 26,721 thousand units by 2030 from 8,589 thousand units in 2023, according to MarketsandMarkets estimation. Government focus on electrification of personal vehicles and an increase in demand for zero-emission mobility solutions will create growth opportunities for the electric and hybrid LDVs air suspension market during the forecast period. Air suspension is suitable for electric ligh.