Market Overview:
The global air suspension systems market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X%. The market growth can be attributed to the increasing demand for luxury cars and commercial vehicles. Additionally, the growing awareness about the benefits of air suspension systems is also propelling the market growth. On the basis of type, the global air suspension systems market has been segmented into electronically controlled and non-electronically controlled. The electronically controlled segment is expected to account for a larger share of the global air suspension systems market during 2018-2030 owing to its advantages such as improved ride quality and fuel efficiency. On the basis of application, passenger cars are anticipated to hold a larger share of the global air suspension systems market during 2018-2030 followed by commercial vehicles. This can be attributed to rising demand for luxury cars as well as commercial vehicles across different regions worldwide.
Product Definition:
Air suspension is a type of suspension that uses air pressure to support the weight of a vehicle. Air suspension systems are used in many different applications, including heavy trucks, buses, and cars. They are also used in industrial and military vehicles.
Electronically Controlled:
Electronically controlled (EC) air suspension systems are a new technology that has been rapidly gaining acceptance in the market. The primary factor responsible for this rapid growth is its ability to control system variables such as flow, pressure, and temperature which are of utmost importance in air suspension systems. Electronically controlled (EC) air suspension systems can be used with any type of pneumatic equipment including positive displacement pumps, centrifugal pumps and diaphragm vacuum cleaners among others.
Non-Electronically Controlled:
Non-electronically controlled devices are used in air suspension systems to control the flow of a liquid or gas. These devices do not have any electronic components such as relays, valves, and sensors. They work by using pressure differentials between two liquids or between a liquid and a gas. The most common types of non-electronically controlled device used in air suspension systems include diaphragms, gates, plugs & switches and venturi tubes.
Application Insights:
The commercial vehicles segment held the largest share of over 70.0% in 2017. This is attributed to the growing demand for trucks, buses and other forms of passenger carrying vehicles across various end-use industries such as construction, mining and quarrying, etc. Air suspension systems allow smooth ride by reducing road shock thereby providing a comfortable ride to passengers. Moreover, these systems enhance vehicle stability and handling ability while improving fuel efficiency through reduced rolling resistance tiresomely travel up and down hillsides or slopes which further boosts their adoption in commercial vehicles applications worldwide.
Passenger cars are expected to be the fastest-growing application segment at a CAGR of XX% from 2018 to 2030 owing to increasing consumer disposable income coupled with rising per capita car ownership rates globally since 2010 (based on data published by JATO Dynamics).
Regional Analysis:
North America dominated the global air suspension systems market in 2017. This can be attributed to increasing consumer preference for air-based ride height adjustment and improved fuel efficiency of modern day vehicles. The region is expected to witness a considerable growth rate over the forecast period owing to technological advancements, high standards of living, and increased focus on safety by regulatory bodies such as SAE International (formerly known as Society of Automotive Engineers) and American National Standards Institute (ANSI).
Asia Pacific is anticipated to register significant growth over the next eight years owing to rising disposable income levels among consumers along with government initiatives promoting new investments in transport infrastructure. Rising demand for passenger cars with enhanced safety features will also drive product adoption across this region. Air suspension has been proven effective in reducing bounce height while maintaining clearance between vehicle occupants, which makes it an ideal solution for improving ride quality and lowering noise levels inside vehicles’ cabin.
Growth Factors:
- Increasing demand for luxury and comfort in vehicles
- Rising disposable income of consumers
- Technological advancements in air suspension systems
- Stringent government regulations for safety and emissions control
- Growing popularity of off-road recreational activities
Scope Of The Report
Report Attributes
Report Details
Report Title
Air Suspension Systems Market Research Report
By Type
Electronically Controlled, Non-Electronically Controlled
By Application
Passenger Cars, Commercial Vehicles
By Companies
Thyssenkrupp, Continental, WABCO, ZF Friedrichshafen, Tenneco, Magneti Marelli, KYB Corporation, Hendrickson International, Accuair Suspension, Hitachi, Thyssenkrupp, Dunlop Systems and Components, Mando Corporation, BWI Group, Firestone Industrial Products
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
135
Number of Tables & Figures
95
Customization Available
Yes, the report can be customized as per your need.
Global Air Suspension Systems Market Report Segments:
The global Air Suspension Systems market is segmented on the basis of:
Types
Electronically Controlled, Non-Electronically Controlled
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Cars, Commercial Vehicles
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Thyssenkrupp
- Continental
- WABCO
- ZF Friedrichshafen
- Tenneco
- Magneti Marelli
- KYB Corporation
- Hendrickson International
- Accuair Suspension
- Hitachi
- Thyssenkrupp
- Dunlop Systems and Components
- Mando Corporation
- BWI Group
- Firestone Industrial Products
Highlights of The Air Suspension Systems Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Electronically Controlled
- Non-Electronically Controlled
- By Application:
- Passenger Cars
- Commercial Vehicles
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Air Suspension Systems Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Air suspension systems are a type of automotive suspension that uses compressed air to provide cushioning and shock absorption. The system is usually mounted above the ground on either the front or rear axle, and uses springs, dampers, and struts to control ride height.
Some of the major players in the air suspension systems market are Thyssenkrupp, Continental, WABCO, ZF Friedrichshafen, Tenneco, Magneti Marelli, KYB Corporation, Hendrickson International, Accuair Suspension, Hitachi, Thyssenkrupp, Dunlop Systems and Components, Mando Corporation, BWI Group, Firestone Industrial Products.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Air Suspension Systems Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Air Suspension Systems Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Air Suspension Systems Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Air Suspension Systems Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Air Suspension Systems Market Size & Forecast, 2020-2028 4.5.1 Air Suspension Systems Market Size and Y-o-Y Growth 4.5.2 Air Suspension Systems Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Electronically Controlled
5.2.2 Non-Electronically Controlled
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Passenger Cars
6.2.2 Commercial Vehicles
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Air Suspension Systems Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Air Suspension Systems Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Electronically Controlled
9.6.2 Non-Electronically Controlled
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Passenger Cars
9.10.2 Commercial Vehicles
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Electronically Controlled
10.6.2 Non-Electronically Controlled
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Passenger Cars
10.10.2 Commercial Vehicles
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Electronically Controlled
11.6.2 Non-Electronically Controlled
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Passenger Cars
11.10.2 Commercial Vehicles
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Electronically Controlled
12.6.2 Non-Electronically Controlled
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Passenger Cars
12.10.2 Commercial Vehicles
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Electronically Controlled
13.6.2 Non-Electronically Controlled
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Passenger Cars
13.10.2 Commercial Vehicles
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Air Suspension Systems Market: Competitive Dashboard
14.2 Global Air Suspension Systems Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Thyssenkrupp
14.3.2 Continental
14.3.3 WABCO
14.3.4 ZF Friedrichshafen
14.3.5 Tenneco
14.3.6 Magneti Marelli
14.3.7 KYB Corporation
14.3.8 Hendrickson International
14.3.9 Accuair Suspension
14.3.10 Hitachi
14.3.11 Thyssenkrupp
14.3.12 Dunlop Systems and Components
14.3.13 Mando Corporation
14.3.14 BWI Group
14.3.15 Firestone Industrial Products