Air Suspension Market size is forecast to reach $8.6 billion by 2027, after growing at a CAGR of 3% during 2021-2027.
Air suspension is a kind of vehicle suspension system based on a pneumatic mechanism. Air suspension consists of various components including the compressor, spring, electronic sensor, and shock absorber. The car’s air suspension provides better ride quality, quality, and comfort compared to conventional suspensions. The growing demand for air suspension in automobiles is accelerating the growth of air suspension.
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Air Suspension Key Market Segments:
By Vehicle Type
- Light Commercial Vehicles (LCV)
- Trucks
- Bus
By Component
- Air Spring
- Tank
- Solenoid Valve
- Shock Absorber
- Air Compressor
- Electronic Control Unit (ECU)
- Height & Pressure Sensor
- Others
By Technology Type
- Electronic Controlled
- Non-Electronic Controlled
Key Players
- Continental
- ThyssenKrupp AG
- Hitachi
- Wabco
- Firestone Industrial Products
- Hendrickson
- Mando Corporation
- BWI Group
Scope of the Report
The research study analyzes the global Air Suspension 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
Key Questions Answered by Air Suspension Market Report
1. What was the Air Suspension Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
2. What will be the CAGR of the Air Suspension Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Air Suspension Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the global Air Suspension market.
- The market share of the global Air Suspension market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Air Suspension market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Air Suspension market.
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