The air suspension market is projected to grow at a CAGR of 7.54% from 2016 to 2021, to reach a market size of USD 4.69 billion by 2021.
Study on Air Suspension Market highlights key players such as Continental AG (Germany), Hendrickson International Corporation (U.S.), ThyssenKrupp AG (Germany), Dunlop Systems and Components (U.K.), Wabco Holdings Inc. (Belgium), Hitachi Ltd. (Japan), Accuair Suspension (U.S.) amongst others.
- Emerging Opportunities in the Global Automotive Air Suspension Market
- Global Automotive Air Suspension Market Growth (Value), By Country
- Global Automotive Air Suspension Marketsize, By Technology (USD Million)
- Global Automotive Air Suspension Market Size, By Component (Million)
- Global Automotive Air Suspension Market Growth, By Region (USD Million)
- Life Cycle Analysis
Owing to its low cost, less complex design and easy handling as compared with electronically controlled air suspension, the market for non-electronically controlled air suspension is largest.The system has a very simple electric connection where air flow inwards and outwards from the air springs through valves.
All the wheels have a good grip to the road surface which leads to increased stability of the steering system and improved braking performance.
Europe accounts for the largest market share, both in terms of value and volume, as the region houses a number of premium car manufacturers as well as air suspension manufacturers like Continental AG (Germany), Dunlop Systems and Components (U.K.) and ThyssenKrupp AG (Germany) and hence is able to cater to a large variety of consumers. Asia-Oceania is the fastest growing market, both in terms of value and volume, for air suspension.
This is because of the high demand for vehicles, especially in emerging economies such as China and India with several OEMs investing in these regions. Availability of cheap labor and favorable government policies are additional factors that spur this growth.
Key Points From Table Of Content:
7 Global Automotive Air Suspension Market, By Component
7.2 Air Spring Market, By Region
7.3 Shock Absorber Market, By Region
7.4 Air Compressor Market, By Region
7.5 Electronic Control Module Market, By Region
7.6 Air Reservoir Market, By Region
7.7 Height Sensor Market, By Region
8 Global Automotive Air Suspension Market, By Technology
8.2 Electronically Controlled Air Suspension Market, By Region
8.3 Non-Electronically Controlled Air Suspension Market, By Region
Complete report on Air Suspension Market spread across 174 Pages, Profiling 10 Companies and Supported with 70 Tables and 63 Figures is now available at www.rnrmarketresearch.com/air-susp…arket-report.html
This report contains various levels of analysis, including industry analysis, industry trends, and company profiles, which together comprise and discuss the basic views on the emerging and high-growth segments of the air suspension market, competitive landscape, high-growth regions and countries, government initiatives, and market dynamics such as drivers, restraints, opportunities, and challenges.
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