The suspension system of a car has two primary purposes, which is, to maintain contact between the wheel and the tarmac (to maintain traction) and to prohibit road shocks and undulations from reaching the passenger cabin. Over the years suspension systems have evolved from leaf to coil-overs to the now trending fad of air suspension systems. Initially, their use was limited to commercial vehicles, luxury cars, and buses. This statement can be verified by the fact that almost all major bus manufacturers such as Volvo, Scania, Daimler, etc. use air suspensions in most of their buses.
Earlier control of air suspension system was done manually by switches at the helm of the driver, but the trend has been shifting towards electronically controlled air suspension systems (ECAS). Though manually controlled systems hold larger share, their electronic counterparts are growing at a faster rate. Wabco (formerly Meritor Wabco), one of the leading suppliers of electronically controlled suspension systems has witnessed a 30 percent rise in sales of OptiRide their ECAS system in China alone. This trend is bound to continue due to the rising adoption rate of air suspension systems in heavy-duty and commercial vehicles.
The report outlines the development of diverse regions and countries by including the market size, volume and value. It also contains the manufacturers data such as batch, price revenue, profit, interview record and business distributors.
The Automotive Air Suspension market size was xxx million USD with a CAGR xx % from 2015- 2019. It will stretch to xxx million USD in 2020 with a CAGR of xx % from 2020 to 2025.
in addition, this report introduces market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.
Global market, the following companies are covered:
Airlift Company
Dunlop Systems and Components
Vibracoustic
Wabco
Stemco
Continental
Arnott
Hendrickson International
Mando Corporation
Suncore Industries
Bwi Group
Wheels India
Market Segment by Product Type
Electronically Controlled Air Suspension
Non-electronically Controlled Air Suspension
Market Segment by Application
Passenger Vehicles
Commercial Vehicles
Key Regions split in this report: breakdown data for each region.
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)
Apart from the drivers, restraints, and opportunities, the report also offers competitive landscape, including various growth strategies adopted by profiled players for establishing significant position in the industry. The segmentation included in the comprehensive report will help respectable manufacturers to set up their processing units in the regions and increase their global presence. This would also benefit the industry and increase the companys product portfolio.
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Automotive Air Suspension market for the forecast period 2020 - 2025?
• What are the driving forces in the Automotive Air Suspension market for the forecast period 2020 - 2025?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Automotive Air Suspension industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?