With annual growth of 6.7%, the global air suspension system market is expected to make significant gains during the forecast period. Driven by a growing e-commerce sector,increased freight traffic and a surge in commercial vehicle production, the market will reach a valuation of $ 4.6 billion in 2021.The market is expected to witness high demand,especially across Western Europe, as the demand for luxury buses increases in Germany, the UK and other countries. In the future, according to market insights, nearly 55% of air suspension system sales will be concentrated in the heavy truck sector.
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Market Segments
Company Profiles
- SAF-Holland SA
- Hendrickson USA LLC
- BPW Transpec Pvt. Ltd.
- TMC Australia Pvt. Ltd.
- Guangzhou TND Axle Co. Ltd.
- Meritor Inc.
- Wabco Holdings
- York Transport Equipment (Asia) Pvt. Ltd.
- VDL Weweler-Colaert
- Others
Product terrain of the market is segmented into:
- Buses & Coaches
- Trailers
- Heavy Trucks
Based on application scope, the report segments the market into:
- Aftermarket
- OEM
A full report is available at: https://www.orionmarketreports.com/truck-air-suspension-system-market-market/70810/
Scope of the Report
The research study analyzes the global Intravenous Equipment industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
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