APAC to Continue its Dominance in Global Air Suspension Market
Demand for advanced safety
features, customization options, and utmost comfort and convenience to boost
global air suspension market through 2024.
According
to TechSci Research report, “Global Air
Suspension Market By Vehicle Type (Passenger Cars and Commercial Vehicles),
By Component (Air Spring, Air Reservoir, Height Sensor, Shock Absorber, Air
Compressor and Electronic Control Module), By Technology (Electronically Controlled
Air Suspension and Non-Electronically Controlled Air Suspension), and By
Region, Competition, Forecast & Opportunities, 2024”, the global air suspension market stood at $ 733 billion in
2018, and the market is grow during the forecast period owing to various
benefits offered by air suspension systems such as enhanced comfort, maintaining
ground clearance automatically, height adjustment as per need and higher safety.
Moreover, increasing disposable income and rising demand for high horse power
vehicles with higher load carrying capacity are expected to boost demand for air
suspension system, globally, during the forecast period.
Browse 141 market data Figures spread through 110 Pages and an in-depth TOC on "Global
Air Suspension Market"
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Global air suspension market can be segmented based on vehicle type, technology
type, component type, region wise. In terms of vehicle type, Passenger Cars grabbed
the largest market share in 2018 and the trend is expected to continue in the
forthcoming years. In terms of technology type, electronically controlled air
suspension is the dominating segment in the
global air suspension market, as major passenger cars and commercial vehicles fall
in this category. Continental
AG, Hendrickson International Corporation, Accuair Suspension, Arnott, among others are some of the leading players operating in the global air
suspension market. Surging popularity of luxurious vehicles equipped with air
suspension system is pushing the companies to focus on improving the design and
functionality of air suspension systems.
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“Asia Pacific dominated the global air suspension market in 2018, backed
by the presence of leading OEMs and large vehicle fleet. The demand for air
suspension systems is anticipated to increase in the region in the coming years
as well, on account of continuing increase in sales of passenger cars and
commercial vehicles, surging premium vehicle sales, coupled with rising
consumer inclination towards enhanced ride comfort, vehicle safety and higher ground
clearance.”, said Mr. Karan Chechi, Research Director with TechSci Research, a
research based global management consulting firm.
“Global Air Suspension Market By Vehicle Type
(Passenger Cars and Commercial Vehicles), By Component (Air Spring, Air
Reservoir, Height Sensor, Shock Absorber, Air Compressor and Electronic Control
Module), By Technology (Electronically Controlled Air Suspension and
Non-Electronically Controlled Air Suspension), and By Region, Competition,
Forecast & Opportunities, 2024” has evaluated the future growth potential of global air
suspension market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities in the global air suspension market.
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