Commercial Vehicle Suspension Systems Market – Global Industry Size, Share, Trends Opportunity, and Forecast, Segmented By Vehicle Type (LCV, M&HCV), By Component Type (Coil Spring, Leaf Spring, Air Spring, Shock Absorber, and Other Components), By Type (Passive Suspension, Semi-active Suspension, and Active Suspension), By Region and By Competition 2021-2031F

Forecast Period	2027-2031
Market Size (2025)	USD 84.13 Billion
CAGR (2026-2031)	6.54%
Fastest Growing Segment	LCV
Largest Market	North America
Market Size (2031)	USD 123.03 Billion

Market Overview

The Global Commercial Vehicle Suspension Systems Market will grow from USD 84.13 Billion in 2025 to USD 123.03 Billion by 2031 at a 6.54% CAGR. The Global Commercial Vehicle Suspension Systems Market encompasses the engineering and manufacturing of mechanisms that connect a vehicle chassis to its wheels, designed to absorb shock and ensure stability for trucks, buses, and trailers. The primary drivers fueling market expansion include the expanding logistics sector and the surge in e-commerce, which necessitate reliable freight transportation fleets capable of handling heavy payloads. According to the European Automobile Manufacturers’ Association (ACEA), in 2024, new van registrations in the European Union increased by 8.3% to reach approximately 1.6 million units. This robust growth in commercial vehicle sales underscores a direct and rising demand for durable suspension components.

However, the market faces a significant challenge in the form of volatile raw material prices, particularly for steel and aluminum. These cost fluctuations often compel manufacturers to raise component prices, which can deter fleet operators from investing in fleet renewals or advanced suspension technologies. Consequently, this financial pressure on production and purchasing creates a substantial barrier that could impede broader market expansion, especially in price-sensitive regions.

Key Market Drivers

The emergence of electric and autonomous commercial vehicles is fundamentally reshaping the market, compelling manufacturers to develop specialized suspension architectures capable of managing distinct operational stresses. Electric trucks, characterized by heavy battery packs, require robust yet lightweight suspension systems—often utilizing air suspension technology—to offset increased curb weight while protecting sensitive electronic control units from road vibrations. This structural shift is evidenced by the rapid uptake of zero-emission heavy-duty fleets, which necessitates advanced damping solutions that support heavier loads without compromising range efficiency. According to the International Energy Agency (IEA), April 2024, in the 'Global EV Outlook 2024', global electric truck sales increased by 35% in 2023 to reach approximately 54,000 units.

Simultaneously, the increased production and sales of commercial vehicles, driven by recovering global supply chains and export demand, act as a primary volume multiplier for suspension components. As original equipment manufacturers (OEMs) ramp up output to clear order backlogs and meet logistics sector requirements, the procurement of chassis systems, including leaf springs and shock absorbers, has intensified. According to the Society of Motor Manufacturers and Traders (SMMT), October 2024, in the 'Commercial Vehicle Manufacturing' update, UK commercial vehicle plants produced 93,447 units in the first nine months of the year, marking an 8.5% rise over 2023. This manufacturing momentum is mirrored by major industry players consolidating their market positions through high delivery volumes. According to Daimler Truck, in 2024, the company reported global unit sales of 526,053 for the 2023 fiscal year, reflecting sustained demand that directly fuels the suspension systems supply chain.

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Key Market Challenges

The volatility of raw material prices, particularly for steel and aluminum, acts as a substantial restraint on the Global Commercial Vehicle Suspension Systems Market. These metals are critical inputs for manufacturing high-strength suspension components such as leaf springs, air spring pistons, and control arms. When the costs of these commodities fluctuate unpredictably, manufacturers are compelled to raise the prices of their finished systems to preserve essential profit margins. This escalation in component pricing directly increases the total acquisition cost of heavy-duty vehicles and replacement parts, creating a challenging financial environment for buyers.

Consequently, this upward cost pressure discourages fleet operators from investing in new vehicles or upgrading existing fleets. Faced with higher capital requirements, many logistics companies choose to extend the service life of their current trucks rather than committing to fleet renewals. This hesitation significantly dampens the demand for original equipment suspension systems in the heavy commercial sector. This trend of market contraction is evident in recent industry figures. According to the European Automobile Manufacturers’ Association (ACEA), in 2024, new EU truck registrations declined by 6.3% to total 327,896 units. This decrease in heavy vehicle volumes highlights how cost-driven market friction directly hampers broader sector expansion.

Key Market Trends

The integration of IoT-enabled sensors for predictive maintenance is fundamentally altering the market by embedding intelligence directly into suspension architecture. Manufacturers are increasingly installing sensors to monitor bearing temperature, vibration, and load distribution, allowing fleet operators to identify component failures preemptively and minimize unplanned downtime. This trend is driving the standardization of connectivity features across major equipment lines, shifting telematics from an optional upgrade to a core requirement for ensuring asset availability. According to Schmitz Cargobull, September 2025, in its 'Annual General Meeting' update, the company produced 42,353 vehicle units during the 2024/25 financial year, maintaining its market leadership by prioritizing digitalization and the delivery of smart, connected transport solutions.

Simultaneously, the expansion of air suspension applications into vocational truck segments is reshaping the heavy-duty landscape as operators demand greater versatility in off-highway environments. Traditionally dominated by mechanical steel suspensions, vocational sectors such as military transport and construction are adopting advanced air and specialized suspension systems to improve ride quality for sensitive cargo and reduce chassis fatigue on rough terrain. This shift is evidenced by the increasing procurement of complex suspension bogies designed for specialized hauling requirements. According to SAF-Holland, August 2025, in the press release 'SAF-HOLLAND wins major order for swivel axle bogies', the company secured a significant contract in the high single-digit million US dollar range to supply specialized swivel axle systems for military transport applications, highlighting the growing penetration of engineered suspension solutions in demanding vocational markets.

Segmental Insights

The Light Commercial Vehicle segment is emerging as the fastest-growing category in the Global Commercial Vehicle Suspension Systems Market, driven primarily by the rapid expansion of the e-commerce sector and the subsequent need for efficient last-mile delivery networks. Logistics providers are increasingly procuring these vehicles to navigate urban environments, creating sustained demand for reliable suspension architectures that ensure cargo safety. Furthermore, stringent emission and load regulations from entities like the European Commission are encouraging fleet modernization, prompting manufacturers to adopt advanced suspension technologies that offer superior durability and weight reduction.

Regional Insights

North America leads the global commercial vehicle suspension systems market due to a robust logistics sector and high production volumes of commercial trucks. The region's dominance is supported by the presence of established manufacturers and a strong aftermarket for component replacement. Furthermore, stringent safety compliance mandates from the National Highway Traffic Safety Administration require operators to maintain high standards of vehicle stability and control. These regulatory frameworks, combined with the continuous expansion of freight transportation networks, drive the sustained demand for reliable suspension technologies across the United States and Canada.

Recent Developments

• In June 2025, ZF Friedrichshafen AG commenced the series production of its fifth-generation OptiRide Electronically Controlled Air Suspension technology for Hyundai Motor Company. The system featured a simplified architecture that combined sensors and valves into a compact smart pneumatic actuator, reducing component count and installation complexity. This technology provided advanced chassis control functions, including vehicle kneeling and load-dependent stability, which are essential for modern commercial transport. The supply agreement demonstrated the growing adoption of intelligent suspension systems in the Asian market and highlighted the supplier's role in delivering integrated chassis solutions to major global truck and bus manufacturers.
• In March 2025, Link Mfg., Ltd. launched the RespondAir heavy-duty rear air suspension system, targeting the specialized needs of the fire and rescue vehicle sector. The system was engineered with a non-torque-reactive design and high-strength components to support heavy capacities while improving handling and equipment protection. A key feature included a rapid air-dump capability, which allowed vehicles to lower their overall height for easier access to fire stations with limited door clearance. This product introduction expanded the company’s portfolio of chassis suspensions, offering original equipment manufacturers a robust solution designed to enhance the operational readiness and safety of emergency response vehicles.
• In September 2024, Hendrickson Truck Commercial Vehicle Systems partnered with International Trucks to release new configurations of the PRIMAAX EX rear air suspension system. Designed specifically for severe-duty vocational applications, this product launch addressed the rigorous demands of heavy-haul and off-highway operations. The collaboration ensured that the suspension system was fully integrated with the truck manufacturer’s chassis to deliver improved stability, durability, and driver comfort. This development underscored the industry trend of tailoring suspension components to specific vocational requirements, providing fleet owners with equipment capable of handling higher payloads and challenging terrain without compromising vehicle performance.
• In June 2024, Hendrickson acquired the Reyco Granning suspension business to strengthen its position in the global commercial vehicle suspension systems market. The transaction included the manufacturing and marketing operations for heavy- and medium-duty suspension solutions used in motorhomes, commercial trucks, and emergency vehicles. Management stated that the acquired entity would continue to operate under its existing brand name to maintain market identity and customer service standards. This consolidation enabled the company to broaden its product portfolio and manufacturing capabilities, allowing for more comprehensive ride solutions for fleet operators and vehicle manufacturers worldwide.

Key Market Players

• Continental AG
• Mando Corporation
• ZF Friedrichshafen AG
• Thyssenkrupp AG
• Tenneco Inc.
• Marelli Corporation
• Hyundai Mobis Co. Ltd
• Hitachi Astemo Ltd
• BWI Group
• Sogefi SpA.

By Vehicle Type	By Component Type	By Type	By Region
LCV M&HCV	Coil Spring Leaf Spring Air Spring Shock Absorber Other Components	Passive Suspension Semi-active Suspension Active Suspension	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Commercial Vehicle Suspension Systems Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Commercial Vehicle Suspension Systems Market, By Vehicle Type:

• LCV
• M&HCV

• Commercial Vehicle Suspension Systems Market, By Component Type:

• Coil Spring
• Leaf Spring
• Air Spring
• Shock Absorber
• Other Components

• Commercial Vehicle Suspension Systems Market, By Type:

• Passive Suspension
• Semi-active Suspension
• Active Suspension

• Commercial Vehicle Suspension Systems Market, By Region:

• North America
• United States
• Canada
• Mexico
• Europe
• France
• United Kingdom
• Italy
• Germany
• Spain
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• South America
• Brazil
• Argentina
• Colombia
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE