Automotive Air Suspension Market Size Report- Industry Growth Analysis
"With the persuasive Automotive Air Suspension Market research report, comprehensive analysis of the market structure along with forecast of the various segments and sub-segments of the Automotive Air Suspension Market industry can be obtained. The report is bifurcated into several attributes which include manufacturers, region, type, application, market status, market share, growth rate, future trends, market drivers, opportunities, challenges, emerging trends, risks, entry barriers, sales channels, and distributors which are again detailed in the report as required to describe the topic and provide maximum information for better decision making. The large scale Automotive Air Suspension Market report also gives widespread study about different market segments and regions.
The world class Automotive Air Suspension Market report includes data on patterns and improvements, target business sectors and materials, limits and advancements. This market survey offers key information about the industry, helpful and important facts and figures, expert opinions, and the latest developments across the world. Because businesses can achieve extreme benefits with the different segments covered in the market research report, every bit of the market is touched. The business report on the global Automotive Air Suspension Market is a valuable document for every market enthusiast, policymaker, investor, and market player. Market share analysis and key trend analysis are the two other major success factors of the wide ranging Automotive Air Suspension Market report.
Data Bridge Market Research analyses that the automotive air suspension market was valued at USD 6.20 billion in 2021 and is expected to reach USD 9.96 billion by 2029, registering a CAGR of 6.10% during the forecast period of 2022 to 2029.
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Report Scope and Market Segmentation
| REPORT METRIC | DETAILS |
| Forecast Period | 2022 to 2029 |
| Base Year | 2021 |
| Historic Years | 2020 (Customizable to 2014 - 2019) |
| Quantitative Units | Revenue in USD Billion, Volumes in Units, Pricing in USD |
| Segments Covered | Technology (Electronically Controlled Air Suspension, Manually Controlled Air Suspension), Control Type (Electronically Controlled Air Suspension, Non-Electronically Controlled Air Suspension), Vehicle Type (Passenger Vehicle, Light Commercial Vehicle, Heavy Commercial Vehicle, Buses and Coaches), Component Type (Air Spring, Shock Absorber, Compressor, Electronic Control Module, Air Reservoir, Height Sensors, Others), Sales Channel (OEMs, Aftermarket) |
| Countries Covered | U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America |
| Market Players Covered | Continental AG (Germany), Hitachi, Ltd. (Japan), ThyssenKrupp AG (Germany), Wabco Holdings Inc. (France), Dunlop Systems And Components Ltd. (U.K.), Accuair Suspension (U.S.), Firestone Industrial Products Company, LLC (U.S.), Hendrickson USA, L.L.C. (U.S.), BWI Group (China), Mando Corp. (South Korea), ZF Friedrichshafen AG (Germany), Parker Hannifin Corp (U.S.), AB Volvo (Sweden), Air Lift Company (U.S.), VB-Airsuspension (Netherlands) |
| Market Opportunities | Increase in the number of emerging marketsRise in the use of vehicle-to-grid (V2G) EV charging stations for electric vehiclesRise in strategic collaborations |
Market Definition
The suspension of a vehicle which has operated by an air pump or engine-driven compressor is known as air suspension. Air suspension reduces fuel consumption and upsurges the stability that further helps to improve the comfort during driving the vehicle. The application of air suspension systems in automotive also reduces the vibration and noise and improves the capacity of vehicle to transport the loads by equalising the suspension.
Automotive Air Suspension Market Dynamics
Drivers
- Rising demand for electronic air suspension
A compressor or electric pump powers electronic air suspension system. It pumps air into flexible bellows which are normally made up of textile-reinforced type of rubber. An electronic air suspension controls the damping performance and their shock absorbers. The ring demand of electronic air suspension are expected to drive the growth of the automotive air suspension market.
- Rising production of vehicles
Increase in the production of commercial and passenger vehicles, upsurge the demand of the vehicles which has integrated with air suspension system. Therefore, the air suspension is a feature which is primarily prevalent in high-end models of vehicles and luxury vehicles. The rising demand of vehicle in the automotive industry are anticipated to drive the growth rate of the targeted market.
Opportunities
- Technological advancement
The advancement of Electronic technology in the automotive sector is anticipated to create immense opportunities for market growth during the forecast period due to the rising adoption of advanced technology systems. The manufacturers are focused to modify the struts or shocks electronically to confirm a smooth ride, unlike conventional air suspensions. For instance, many luxury passenger cars are being launched with electronically controlled air suspensions such as Porsche Cayenne, Land Rover Discovery, Audi A8, Mercedes S-Class and Volkswagen Touareg.
Moreover, upsurge in the strategic collaborations and rise the number of emerging new markets will also boost beneficial opportunities for the market’s growth rate.
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Key Pointers Covered in the Automotive Air Suspension Market Industry Trends and Forecast to 2029
Automotive Air Suspension Market New Sales Volumes
Automotive Air Suspension Market Replacement Sales Volumes
Automotive Air Suspension Market By Brands
Automotive Air Suspension Market Procedure Volumes
Automotive Air Suspension Market Product Price Analysis
Automotive Air Suspension Market Regulatory Framework and Changes
Automotive Air Suspension Market Shares in Different Regions
Recent Developments for Market Competitors
Automotive Air Suspension Market Upcoming Applications
Automotive Air Suspension Market Innovators Study
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24/7 availability of services.
Data collection from implementation vendors, service providers, and raw material suppliers to provide a clear perspective with Forecast period.
DBMR team uses very fair means to gather information that is scrutinized at every stage while structuring an influential Automotive Air Suspension Market size
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