The global air suspension systems market value is expected to reach around US$ 4 billion by 2025 and anticipated to grow at a CAGR of 4.5% over period 2018-2025.
Air suspension is a sort of vehicle suspension controlled by an electric or motor driven pneumatic machine or compressor. This compressor siphons the air into an adaptable howls, typically produced using material strengthened elastic. The pneumatic force swells the bellows, and raises the suspension from the pivot. Air suspension systems appeared in the mid 1900s. Since then different innovative upgrades and expanding entrance have prompted widespread acceptance of this suspension innovation. Further, air suspension systems are a sort of suspension framework that help the vehicle on the axles with the incorporation of air springs (air packs) as an option for steel springs or regular leaf springs.
Growing population along with rising disposable income of people worldwide is driving the growth of automobile industry. Increasing demand for luxury automobiles is therefore responsible for high demand for air suspension systems. Consumers demand vehicles which are high in comfort, luxury and safety. Comfort of the vehicle lies in the working of air suspension systems. Suspension systems are utilized to decrease shocks/vibrations transmitted to the vehicle body from the road/terrain being travelled in order to increase driver/passenger comfort and protect chassis and cargo. Distinctive designs are cooperation between performance measures such as energy consumption, handling, vehicle ride, size constraints, and load capacity. These factors are responsible for high demand for air suspension systems in the global market.
Non-electronically controlled air suspension was the biggest segment, holding around 60% of the overall market share in 2017, and is anticipated to continue its growth throughout the forecast phase, owing to factors such as increasing technological advancement and augment in automobile industry around the globe.
The market research study on “Air Suspension Systems Market (By Type: Electronically Controlled Air Suspension, Non-Electronically Controlled Air Suspension; By Application: LCV OEM Segment, LCV Aftermarket Segment, Other Segment) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2025” offers a detailed insights on the global Air suspension systems market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights on global Air suspension systems market, its type, application, and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global Air suspension systems market size and volume, and segment markets by type, application, and geography along with the information on companies operating in the market. The Air suspension systems market analysis is provided for major regional markets including North America, Europe, Asia Pacific, Latin America, Middle East & Africa followed by major countries. For each region, the market size and volume for different segments has been covered under the scope of report.
The players profiled in the report include Continental AG, Thyssenkrupp Bilstein GmbH, WABCO Holdings, Inc., Firestone Industrial Products Company LLC, Drive-Rite Ltd, Hitachi Automotive Systems Americas, Inc., BWI Group, Dunlop Systems and components, and more.
The global Air suspension systems market is segmented as below:
Market By Type
Market By Application
Market By Geography