Automotive Air Suspension Market Size By Regional Analysis(Europe, Asia Pacific, America, Middle East And Africa), By Demand & COVID-19 Impact Analysis, By Type, By Applications And Forecasts 2023 - 2030 (Financial Impact Analysis)
ID : MRU_
306078 | Date :
Nov, 2021 | Pages :
164 | Region : Global |
Publisher : RI
The market research report is created with a compilation of analytical research based on historic records, current statistics, and future predictions. The report contains details on the leading players operating in the Automotive Air Suspension market including various factors related to and dependent influencing the market growth.
The suspension system in a vehicle makes a vehicle ride comfortable and helps keep the vehicle in control. The suspension system essentially maximizes the friction between the tires and the road to provide steering stability and the required road grip. The main functionality of a suspension system is to offer driving comfort for passengers by absorbing vibrations and protection of the chassis components and body of the vehicle. The conventional suspension system is made up of several components like the chassis, which holds the body of the vehicle. The coil springs provide support to the vehicle weight and tend to absorb vibrations and noise when the vehicle is in contact with the road, thus reducing the shocks from affecting the passengers. The coil springs, struts, leaf springs and dampers are some of the suspension components which are predominantly used in all vehicles.
One of the major drivers responsible for the growth of this market is rising demand for ultra-luxury vehicles. This is mainly due to the increase in the number of high net worth individuals. There is an increasing demand for the body on frame SUVs as ultra-luxury vehicle OEMs are to trying to increase their sales by venturing into SUVs and as their product line used to be mostly sedans. Also, there is a growing penetration of luxury cars in China and Germany. Chinas automotive sector saw rapid growth, especially in the luxury car segment. The air suspension feature is available in luxury passenger cars and SUVs such as Mercedes-Benz S-class, BMW X5 and X6 (optional air suspension feature in both models), Audi A7, Audi A8, and Audi Q7, Range Rover, and Tesla Model S. The increasing popularity of the air suspension among luxury and ultra-luxury cars is expected to propel the growth prospects for the global automotive air suspension market during the forecast period.
One of the latest trends gaining traction in this market is the growing penetration of electronically controlled air suspension (ECAS) systems. In most of the suspensions in low-floor buses, the height of the bus is controlled with the help of sensors. These sensors are integrated into the load and help adjust the air pressure in the leaf-spring suspension so that it can take the load comfortably and maintain the chassis level of the bus. In ECAS, the suspension is done electronically by sensing the payload through sensors, solenoid valves, and O-rings that are located at multiple locations, while making reaction times quicker. This feature has made the ECAS extremely popular among OEMs across the globe. This, in turn, will augment growth in the global automotive air suspension market in the coming years.
Global Automotive Air Suspension market size will reach xx million US$ by 2030, from xx million US$ in 2020, at a CAGR of 5.1% during the forecast period. In this study, 2020 has been considered as the base year and 2023-2030 as the forecast period to estimate the market size for Automotive Air Suspension.
The report is prepared using analytical methods such as SWOT (strengths, weaknesses, opportunities, and threats)) analysis, PESTEL Analysis, Porter\'s Five Force Analysis, and value chain analysis. These methods provide a clear view of the market structure and analyze competition at a global level. They also provide detailed information on each segment in the global Automotive Air Suspension market.
The aim of the report is to interpret the market sizes of various segments and countries for the forecast period. The study includes the qualitative and quantitative analysis of the market. The report analyses the Automotive Air Suspension market on a regional and global level with a deep analysis of macro-and micro-economic factors impacting the growth of the market. This report also includes market information related to the latest industry trends, market developments, and analysis of products and end users contributing to market growth. An in-depth study of the current market scenario, major driving factors, and restraining factors for the market are also included in the report.
The Automotive Air Suspension market report includes information related to market segmentation, market size and revenue forecasts, and regional forecasts along with information about the leading market players operating in the market, company revenue shares and, their recent developments. The market is classified regionally on country-level into North America, Europe, Asia Pacific, the Middle East and Africa, and South America.
Scope of the Automotive Air Suspension Market: The major competitors working in the market are:
, Thyssenkrupp AG, Continental Ag, Firestone International Corp, Hendrickson International Corp, Webco Holdings Inc, Accuair Suspension, Hitachi Ltd, Dunlop Systems and Components, Mando Corp, BWI Group
Market by Order Type
Non-Electronically Controlled
Electronically Controlled
Automotive Air Suspension Data by Application
Passenger Vehicle
Commercial Vehicle
Automotive Air Suspension Regions Covered in the Report are:
North America
Europe
Asia Pacific
Middle East & Africa
Rest of the World
The information about the Automotive Air Suspension market is obtained from several sources such as company websites, journals, annual reports, which were then assessed and verified by the industry experts. The information is represented in the form of diagrams, charts, pie charts, and infographics, which helps in a better understanding of the market.
Objectives of Automotive Air Suspension Market Report:
To analyze the factors driving the market growth including supply chain analysis, price analysis along with other analytical methods
To provide an in-depth analysis of the Automotive Air Suspension market with information on various segment and sub-segments
To provide a regional analysis and global analysis for the Automotive Air Suspension market size and their forecasts
To provide strategic profiles of the key players operating in the Automotive Air Suspension market, their key competencies, and market competition
To provide a competitive scenario about the key factors driving, restraining, and challenging the market growth.
The impact of COVID-19 pandemic on the Automotive Air Suspension market
Target Audiences for Automotive Air Suspension Market:
Investors
Investment Bankers
Key Consulting Companies and Advisors
Venture Capitalists
Large, Medium-sized, and Small enterprises
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