Automotive Air Suspension System Market Analysis

In-depth Analysis of Automotive Air Suspension System Market Industry Landscape

In recent years, there has been a significant surge in the demand for enhanced driving comfort, encompassing factors like handling, seating structure, and aerodynamics. This heightened focus on comfort has led to an increased demand for improved shock absorbers, crucial components that play a pivotal role in enhancing vehicle stability. Automobile manufacturers are actively integrating new comfort features into their vehicles, aiming to deliver improved stability and minimize the impact from bumps or speed breakers. This evolving landscape has spurred a notable demand for advanced shock absorbers, exemplified by innovations like the hydraulic system developed by GFG style in March 2019, linked to fully adjustable 3-way shock absorbers.
Shock absorbers play a multifaceted role by providing resistance to vehicle bounce, controlling roll, and sustaining vertical loads applied on tires. They contribute to the reduction of braking dive and acceleration squat, fostering a more balanced and comfortable ride. For instance, the introduction of KONI Sport adjustable shock absorbers for the 2016-2019 Mazda MX-5 showcased the industry's commitment to providing different spring seat and ride height settings, thereby elevating both stability and comfort during driving. The global surge in the demand for comfort and safety has propelled shock absorbers into high demand across the automotive landscape.
Shock absorbers are crafted from basic elements such as carbon, silicon, chromium, magnesium, nickel, molybdenum, and lead. While plastic shock absorbers offer a cost-effective alternative, the reliance on these materials poses environmental concerns and makes production susceptible to fluctuations in plastic costs on the international market. Rubber, another material employed in shock absorbers, offers increased support for addressing bumps and speed breakers. However, the cost volatility of rubber, which rose from $89.09 per kilogram in June 2019 to $110.15 per kilogram in November 2021, has posed challenges to shock absorber manufacturing.
activated carbon is utilized in shock absorbers to enhance the stability of off-road vehicles. The escalating price of carbon, driven by environmental concerns, has witnessed a consistent increase over the years. Additionally, the costs of various raw materials like nickel, lead, and magnesium exhibit instability, fluctuating annually and placing constraints on shock absorber production, thereby limiting the overall growth of the market. As the automotive industry continues to prioritize driving comfort and safety, the shock absorber market faces challenges tied to the availability and pricing of raw materials, necessitating innovative and sustainable approaches for future growth.