Road vehicles and maglev trains have garnered significant attention, with their suspension systems being crucial for safe and stable performance. However, these systems can be compromised by faults such as sensor and actuator failures, posing risks to stability and safety. This review explores fault-tolerant controls for suspension systems, driven by the need to enhance fault tolerance in such scenarios. We examine the dynamic similarities between the semi-active/active suspension systems in road vehicles and the suspension systems in maglev trains, offering a comprehensive summary of fault-tolerant control strategies for both. Our analysis covers the histories, technical characteristics, fundamentals, modeling, mathematical derivations, and control objectives of both systems. The review categorizes fault-tolerant control methods into hardware redundancy, passive fault-tolerant control, and active fault-tolerant control. We evaluate the advantages and disadvantages of these strategies and propose future directions for the development of fault-tolerant control in suspension systems.