Global Air Suspension Systems Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2026
MarketResearch.biz delivers in-depth insights on the global air suspension systems market in its upcoming report titled, “Global Air Suspension Systems Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2026”. The global air suspension systems market is estimated to register a CAGR of X.X% in terms of value during forecast period 2017–2026. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2026. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global air suspension systems market report has been segmented on the basis of technology, components, vehicle type, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Air suspension systems is used to absorb shock or jerks occurring while driving vehicle on rough road. An air bag is used inflated with compressed air or high pressure air which will further compress during the shock to absorb it.
Technological advancements in automotive suspension systems and growing automotive sale across the globe are major factors driving growth of the global air suspension systems market. In addition, adoption of air suspension systems from transportation sector for heavy duty trucks is another factor expected to support growth of the global air suspension systems market. Moreover, growing demand from sports sector for various automotive sports and demand for luxury vehicles with better comfort are other factors expected to support growth of the global air suspension systems market.
However, high cost of these systems is a major factor restraining growth of the global air suspension systems market.
Increasing R&D activities by major players to develop innovative and cost-effective products is expected to create new opportunities in terms of revenue tom players operating in the global air suspension systems market over the forecast period.
Asia Pacific market is expected to dominate in the global air suspension systems market with higher revenue share as compared to that of the other regional markets, and is expected to continue its dominance during the forecast period. This can be attributed to increasing vehicle production, growing e-commerce sector and presence of prominent players operating in countries in this region. North America and Europe markets account for significant revenue shares in the global air suspension systems market followed by markets in Latin America and Middle East & Africa respectively. The market in Europe is projected to register highest growth in terms of revenue, owing to rising disposable income, increasing spending capacity resulting in growing demand from owners of luxury car, busses for better comfort.
Global Air Suspension Systems Market Segmentation:
- Electronically Controlled Air Suspension Systems
- Non-Electronically Controlled Air Suspension Systems
- Air Springs
- Shock Absorbers
- Air Reservoir
- Air Compressor
- Electric Control Unit
- Height Sensors
By Vehicle Type:
- Passenger Cars
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- Continental AG
- ThyssenKrupp AG
- Wabco Holding Inc.
- Hendrickson International Corporation
- Dunlop Systems and Components
- Hitachi Ltd.
- BMW AG
- Daimler AG
- Fiat Chrysler Automobiles
- Volvo Car Corporation
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