The air suspension market report acts as a perfect tool for organizations that aim to gain a strong foothold in the market by formulating strategic business moves with the assistance of the competitive intelligence provided in the study.
As per the findings of the report added by Progressive Markets, the Global Air Suspension Market is projected to register a significant CAGR during the forecast period. The report, titled "Global Air Suspension Market- Size, Trend, Share, Opportunity Analysis & Forecast, 2014-2025", provides a quantitative and qualitative analysis of the global air suspension industry, thus highlighting the prevailing opportunities in the market.
It also provides a comprehensive industry trends analysis, along with vital air suspension industry statistics, and helps the organizations to expand their reach in the global market.
Suspension systems form an integral part of an automobile and provide superior user experience and high levels of comfort. Air suspension systems use air as the working fluid and work on the air pressure mechanism.
These systems ensure a smooth ride on bumpy roads by resisting shocks experienced by the automobiles. The steady performance of air suspension systems makes them an ideal choice for several types of vehicles, including light, medium, and heavy commercial vehicles, as well as passenger vehicles.
The inclusion of electronic sensors, compressor, springs, electronic control modules, and shock absorbers in the suspension provide ample support to the system and results in equal shock absorption from all the axles of the vehicle.
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Drivers & Restraints:
The significant growth of the air suspension market can be attributed to several factors. The automotive sector has witnessed a surge in demands of the consumers for better comfort and enhanced features in the automobiles, thus fueling the need for advanced suspension systems.
An increase in the adoption of electronically adjustable suspension systems is expected to drive the growth of the global market. However, the high cost involved in the development of these systems restricts the air suspension market's growth.
In addition, the regular maintenance required for an air suspension system acts as a major obstacle in the widespread acceptance of the technology.
Air Suspension Market Key Segments:
The report analyzes the air suspension market based on the technology, vehicle type, component, and the geography. By technology, the market is divided into conventional suspension and electronic suspension.
Air suspension systems are widely used in passenger vehicles, light & medium commercial vehicles, and heavy commercial vehicles. The components include a compressor, spring, shock absorber, control module, and others such as height adjustment sensors and air tank.
Based on the geographical segmentation, the air suspension market outlook evaluates the market attractiveness across the regions of North America, Europe, LAMEA, and Asia-Pacific. Air suspension market forecast (2017–2025) for each market segment is provided in the report.
The projections made in the report are based on the air suspension market trends observed in the past.
The global air suspension market displays a competitive landscape with a few prominent players at the forefront. The leading players in the industry that account for the major air suspension market share include Hendrickson International Corporation, Wabco Holdings Inc., BWI Group, Continental AG, Mando Corporation, Accuair Suspension, ThyssenKrupp AG, Hitachi Ltd., VDL Groep, and Dunlop Systems and Components.
The report includes information about the important developments and business segments and the key winning strategies adopted by the leading players, thus enabling the new entrants and potential stakeholders to make informed decisions and invest in the most lucrative options.
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Key Benefits of the Report:
The in-depth air suspension market analysis provides valuable insights into the key factors that are responsible for the changing dynamics of the market. The air suspension market outlook incorporates crucial information such as the top market factors, their impact analysis, and Porter's Five Forces Analysis.
Porter's Five Forces Model identifies the potency of buyers and suppliers and evaluates the influence of competitive rivalry and the threat of new entrants and substitutes on the industry's growth and the air suspension market size. The air suspension market forecast is based on the industry trends observed in the past and presents a clear estimation of the current market scenario and the market potential, in terms of growth and profitability, during the forecast period.
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