Industry: Automotive & Transportation | Publish Date: 03-Jun-2025 | No of Pages: 80 | No. of Tables: 92 | No. of Figures: 57 | Format: PDF | Report Code : AT2323
Trump Tariffs Are Reshaping Global Business
The Australia Air Spring Market size was valued at USD 70.8 million in 2023, and is predicted to reach USD 108.3 million by 2030, at a CAGR of 5.2% from 2024 to 2030. Also, the air spring market is valued at 369 thousand units in 2023, and is expected to reach at 618 thousand units by 2030 with the CAGR of 6.3% during 2024-2030.
The air spring, also known as air bags or pneumatic springs refers to the industry focused on the production and distribution of these springs, which are components used in vehicle suspension systems to provide improved ride quality, comfort, and stability. It is a component used in commercial vehicles, passenger cars, and industrial machinery.
The component is designed to support loads, isolate vibrations and shocks, and act as a pneumatic cylinder by expanding itself. They are integral components of air suspension systems, providing improved comfort compared to traditional coil springs. These springs replaces traditional metal springs with a flexible, rubber-and-fabric bladder that contains compressed air, making them a popular choice for various applications.
In Australia, the air spring market is significantly driven by proactive government initiatives focused on improving passenger safety and promoting the adoption of advanced automotive technologies, including emergency braking and collision avoidance systems. These regulatory frameworks require vehicle manufacturers to integrate sophisticated air spring technologies that can support and enhance the functionality of such safety features. Compliance with these stringent safety standards compels automakers to adopt advanced suspension solutions incorporating air springs, thereby ensuring optimal vehicle stability, performance, and occupant protection. As a result, these government-driven mandates serve as a major catalyst propelling the growth of the air spring market across the region.
The steady increase in automotive manufacturing and vehicle sales in Australia is another key driver propelling the demand for air springs. As consumer preferences evolve towards vehicles offering superior ride comfort, enhanced stability, and refined performance, automakers are prioritising the integration of advanced suspension technologies to meet these expectations. This trend is reflected in the rising adoption of air springs in new vehicle models as manufacturers seek to differentiate their offerings in a competitive market.
Furthermore, the expansion of the automotive production sector amplifies the need for reliable and efficient suspension components. With rising vehicle output, there is a corresponding surge in demand for air springs that meet stringent quality and safety standards, supporting the continuous growth trajectory of the air spring market in Australia. This growth is further reinforced by increasing consumer awareness and preference for vehicles equipped with advanced suspension systems.
The complex and technically demanding installation process of air springs presents a substantial obstacle to the expansion of the Australian air spring market. Proper installation requires specialized expertise, precision tools, and adherence to strict protocols, which collectively increase the time and cost burdens for both manufacturers and end-users. This complexity can lead to longer vehicle downtimes and elevated service expenses, reducing the overall appeal of air spring systems.
Moreover, the intricate nature of installation raises the risk of errors and inefficiencies, which may adversely affect the performance, durability, and reliability of the air suspension system. These potential drawbacks contribute to hesitancy among customers and service providers, limiting widespread adoption. As a result, the technical challenges associated with installing air springs remain a critical restraint on market growth in Australia.
The integration of advanced sensor technology into air springs is set to unlock significant growth potential within the Australian market. By embedding sensors within air spring systems, manufacturers can enable real-time monitoring of critical parameters such as pressure, temperature, and load conditions. This enhanced visibility supports proactive maintenance strategies, predictive analytics, and optimized performance, leading to improved reliability, safety, and reduced downtime.
Moreover, sensor-enabled air springs pave the way for the development of intelligent, adaptive suspension systems that automatically adjust to varying road surfaces and driving conditions. This innovation aligns with the growing demand in Australia’s automotive and industrial sectors for smarter, more efficient, and automated solutions.
Industry leaders like Continental AG and Vibracoustic are at the forefront of this technological advancement, integrating ultrasonic and other sensor technologies into their air springs. Their efforts highlight a broader industry commitment to innovation, signaling promising opportunities for market expansion driven by enhanced functionality and increased automation
The promising key players operating in the Australia air spring industry include Hendrickson USA, L.L.C., Watson And Chalin Mfg Inc., Firestone Industrial Products Company, LLC, BPW Bergische Achsen KG, ContiTech Luftfedersysteme GmbH, SAF-HOLLAND SE, Boss Air Suspension, TMC Australia Pty Ltd., Polyair Springs Pty Ltd., Fabio Air Springs, among others.
Convolute
Single
Multi
Rolling Lobe
Sleeve
Original Equipment Manufacturer (OEM)
Aftermarket
Automotive
Passenger Cars
Buses
Trailer and Trucks
Railways
Industrial
KEY PLAYERS
Hendrickson USA, L.L.C.
Watson And Chalin Mfg Inc.
Firestone Industrial Products Company, LLC
BPW Bergische Achsen KG
ContiTech Luftfedersysteme GmbH
SAF-HOLLAND SE
Boss Air Suspension
TMC Australia Pty Ltd.
Polyair Springs Pty Ltd.
Fabio Air Springs
REPORT SCOPE AND SEGMENTATION:
Parameters |
Details |
Market Size Value in 2023 |
USD 70.8 million |
Revenue Forecast in 2030 |
USD 108.3 million |
Market Size Volume in 2023 |
369 thousand units |
Volume Forecast in 2030 |
618 thousand units |
Value Growth Rate |
CAGR of 5.2% from 2024 to 2030 |
Volume Growth Rate |
CAGR of 6.3% from 2024-2030 |
Analysis Period |
2023–2030 |
Base Year Considered |
2023 |
Forecast Period |
2024–2030 |
Market Size Estimation |
Million (USD) |
Market Volume Estimation |
Thousand Unit |
Growth Factors |
|
Companies Profiled |
10 |
Customization Scope |
Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope. |
Pricing and Purchase Options |
Avail customized purchase options to meet your exact research needs. |