The global Air Suspension market was valued at US$ 6261.5 million in 2020 and it is expected to reach US$ 9332.4 million by the end of 2027, growing at a CAGR of 5.4% during 2021-2027.
Air suspension is a type of vehicle suspension powered by an electric or engine-driven air pump or compressor. This compressor pumps the air into a flexible bellows, usually made from textile-reinforced rubber. The air pressure inflates the bellows, and raises the chassis from the axle.
Non-electronically controlled air suspension systems dominate the global market, in terms of both value and volume however, the electronically controlled air suspension systems segment is the fastest growing globally, in terms of both value and volume. This is owing to the electronically controlled air suspension systems are more advanced and comfort with less maintenance as compared with non-electronically controlled air suspension systems. Still, considering the complexity and the cost of these electronically controlled air suspension systems, their existing demand is limited to premium vehicles only.
Global Air Suspension Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Air Suspension Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are Continental, Wabco, Firestone, ThyssenKrupp Bilstein, Hitachi, Dunlop, BWI Group, Accuair Suspension, Hendrickson, Mando and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Find more details at: https://www.themarketreports.com/report/global-air-suspension-market-outlook
Segment by Type
- Electronically Controlled Air Suspension System
- Non-Electronically Controlled Air Suspension System
Segment by Application
- Passenger Cars
- LCVs
- Trucks
- Buses
Table of Content:
1 Air Suspension Market Overview
2 Air Suspension Market Competition by Manufacturers
3 Air Suspension Retrospective Market Scenario by Region
4 Global Air Suspension Historic Market Analysis by Type
5 Global Air Suspension Historic Market Analysis by Application
6 Key Companies Profiled
7 Air Suspension Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Air Suspension Market Dynamics
10 Global Air Suspension Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
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Peter Barzilai is a high school pitcher and college rower turned longtime World News journalist. Peter has also written for Buzz Feed and Huffington Post and many other major publications, Peter Loves everything about sports and loves to write on trending topics and he is DailyFactsNTrends member since 2017.