Market Overview:
The Global Electronic Air Spring Damping System Market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for commercial vehicles, rising awareness about safety and comfort features in vehicles, and technological advancements in air spring damping systems. Based on type, the market is segmented into initiative and semi-active air spring damping systems. The semi-active air spring damping system segment is expected to grow at a higher CAGR during the forecast period as compared to the initiative air spring damping system segment due to its superior performance characteristics such as ride quality, handling stability, and fuel efficiency. Based on application, the market is segmented into semi-trailer trucks, truck trailers & buses, construction equipment & agricultural machinery, military vehicles & others (railways coaches etc.). The truck trailers & buses application segment is estimated to account for a major share of the global electronic air spring damping system market in 2018 owing to increase in demand for commercial vehicles across all regions.
Product Definition:
An electronic air spring damping system is a device used to control the speed of an air spring. It does this by regulating the amount of air entering or leaving the spring. This helps to maintain a consistent ride quality, regardless of how much weight is being carried by the vehicle.
Initiative:
Initiative is a concept of motion or force that comes from the Latin word “initiare” which means to begin. In our context, it refers to the first movement or step in a sequence. It can also be defined as an initial impulse or power which propels an object in any mechanical system.
The electronic air spring damping system market is driven by factors such as growing demand for safer.
Semi-active:
Semi-active air spring damping system is a new term in the market and it has been used by few companies but not much known. It is an electronic device that works as both shock absorber and damper at the same time. The working principle of semi-active air spring damping system is very simple, it consists of two main parts, power module and control unit.
Application Insights:
The semi-trailer application segment accounted for the largest revenue share of over 40% in 2017. Semi-active electronic air spring dampers are widely used in semi-trailers to reduce the trailer's vibrations and provide comfort to passengers. These systems adjust the air pressure automatically according to road conditions, load weight and speed, thereby providing smooth ride quality without any manual intervention from drivers.
Electronic air spring dampers have several advantages over conventional hydraulic systems such as they offer more precision during vehicle dynamics simulation by automotive software developers which is a key factor for developing an advanced driving experience on smartphones. They also help improve fuel efficiency by reducing rollover/tipping emissions (RTO&E) and fuel consumption while improving driver safety with improved passenger comfort during bumpy rides or when braking hard at low speeds along with reduced power consumption enabling lower costs associated with them overall thus propelling their demand across various applications including trucks, buses & coaches among others.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region over the forecast period. The growth can be attributed to increasing road infrastructure and rapid industrialization in emerging economies, such as China and India. Moreover, rising demand for lightweight vehicles with enhanced safety features is anticipated to drive industry expansion over the coming years.
The European market accounted for a significant share of revenue in 2017 owing to stringent government regulations pertaining air springs used in commercial vehicles coupled with high standards of driving skills exhibited by drivers across member states. Initiatives undertaken by regional governments are also likely to have a positive impact on industry development trends over the next eight years. For instance, according to Eurostat data released in 2018, vehicle weight has been reduced by 1 million tons since 2010 through technical innovations combined with new energy efficient technologies (lightweighting).
Growth Factors:
- Increasing demand for luxury and comfort in vehicles
- Growing automotive industry
- Rising disposable income of consumers
- Technological advancements in air spring damping systems
- Government regulations for vehicle safety
Scope Of The Report
Report Attributes
Report Details
Report Title
Electronic Air Spring Damping System Market Research Report
By Type
Initiative, Semi-active
By Application
Semi-Trailer, Truck, Others
By Companies
Continental, Nissan Motor Co., Wabco, ThyssenKrupp Bilstein, Hitachi, Dunlop, BWI Group, Accuair Suspension, Hendrickson, Mando
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
142
Number of Tables & Figures
100
Customization Available
Yes, the report can be customized as per your need.
Global Electronic Air Spring Damping System Market Report Segments:
The global Electronic Air Spring Damping System market is segmented on the basis of:
Types
Initiative, Semi-active
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
Semi-Trailer, Truck, Others
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:
- Continental
- Nissan Motor Co.
- Wabco
- ThyssenKrupp Bilstein
- Hitachi
- Dunlop
- BWI Group
- Accuair Suspension
- Hendrickson
- Mando
Highlights of The Electronic Air Spring Damping System 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:
- Initiative
- Semi-active
- By Application:
- Semi-Trailer
- Truck
- Others
- 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 Electronic Air Spring Damping System 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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- Correctly Positioning New Products
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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?
An electronic air spring damping system (EAS) is a type of suspension system that uses electric motors to control the height and stiffness of the springs. This technology allows for more precise tuning and improved ride quality over traditional systems. EAS systems are often used in luxury cars, SUVs, and trucks.
Some of the major companies in the electronic air spring damping system market are Continental, Nissan Motor Co., Wabco, ThyssenKrupp Bilstein, Hitachi, Dunlop, BWI Group, Accuair Suspension, Hendrickson, Mando.
The electronic air spring damping system market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electronic Air Spring Damping System 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 Electronic Air Spring Damping System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electronic Air Spring Damping System 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 Electronic Air Spring Damping System 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 Electronic Air Spring Damping System Market Size & Forecast, 2020-2028
4.5.1 Electronic Air Spring Damping System Market Size and Y-o-Y Growth
4.5.2 Electronic Air Spring Damping System 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 Initiative
5.2.2 Semi-active
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 Semi-Trailer
6.2.2 Truck
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electronic Air Spring Damping System 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 Electronic Air Spring Damping System 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 Initiative
9.6.2 Semi-active
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 Semi-Trailer
9.10.2 Truck
9.10.3 Others
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 Initiative
10.6.2 Semi-active
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 Semi-Trailer
10.10.2 Truck
10.10.3 Others
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 Initiative
11.6.2 Semi-active
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 Semi-Trailer
11.10.2 Truck
11.10.3 Others
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 Initiative
12.6.2 Semi-active
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 Semi-Trailer
12.10.2 Truck
12.10.3 Others
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 Initiative
13.6.2 Semi-active
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 Semi-Trailer
13.10.2 Truck
13.10.3 Others
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 Electronic Air Spring Damping System Market: Competitive Dashboard
14.2 Global Electronic Air Spring Damping System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Continental
14.3.2 Nissan Motor Co.
14.3.3 Wabco
14.3.4 ThyssenKrupp Bilstein
14.3.5 Hitachi
14.3.6 Dunlop
14.3.7 BWI Group
14.3.8 Accuair Suspension
14.3.9 Hendrickson
14.3.10 Mando
