Market Overview:
The global electronically controlled air suspension 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 rising awareness about the benefits of electronically controlled air suspension systems. On the basis of type, the global electronically controlled air suspension market has been segmented into hydraulic/pneumatic and electromagnetic. Of these, hydraulic/pneumatic systems are expected to account for a larger share of the market during the forecast period. On the basis of application, passenger cars are expected to account for a larger share of the market duringthe forecast period. However, trucks are anticipatedto register higher CAGR owingto growing demand from emerging economies such as India and China.
Product Definition:
An electronically controlled air suspension system is a type of automotive suspension system that uses electronic sensors and actuators to control the height of the vehicle. The system can be used to adjust the ride height of the vehicle, or it can be used to keep the vehicle at a preset height regardless of load. The electronically controlled air suspension system is important because it allows for more precise control over the ride height and handling characteristics of the vehicle. It also allows for automatic adjustment of ride height based on changes in load, which improves fuel economy and safety.
Hydraulic/Pneumatic:
Hydraulic/pneumatic system is a closed system, which means that the input and output of the system are connected by fluid channels. The air or fluid in the channeled connection has pressure behind it. This pressure acts on objects in front of the channel and causes them to move or stay at rest depending upon whether they are a part of an open or closed circuit.
Electromagnetic:
Electromagnetic is the energy of electric and magnetic fields. Electromagnetic waves are produced by electrical sources such as generators, motors, etc. when they are accelerated to a high speed. The most common example of electromagnetic wave is sound waves which are used for communication through the air.
Application Insights:
The air suspension system is used in various passenger cars, light commercial vehicles (LCVs) and heavy commercial vehicles (HCVs). The increasing demand for air-based ride height adjustment systems in trucks, buses and other forms of public transport is expected to be the key factor driving the global market over the forecast period. Electronically controlled air suspension has several advantages over conventional hydraulic or pneumatic suspensions including improved ride quality, better handling ability on uneven surfaces as well as improved fuel efficiency.
Electronically controlled air suspensions are widely used across all types of buses ranging from low-floor to high-floor articulated buses due to their ability to reduce bounce while improving steering accuracy at higher speeds. This technology also helps improve vehicle stability even on bumpy roads by minimizing wheel slip through constant monitoring of road conditions.
Regional Analysis:
Europe dominated the global market in 2017 and accounted for over 30% of the total revenue share. The presence of prominent players, technological advancements, and high demand from customers are some factors responsible for its large share. Moreover, Europe is a mature market where customer preference plays a major role in vehicle sales. Thus, it will continue to be a key region over the forecast period.
The Asia Pacific region is expected to witness significant growth during the forecast period owing to increasing disposable income among consumers as well as increased government spending on infrastructure development projects such as roads and railways that would lead to an increase in passenger cars sales across countries including China India Japan South Korea Taiwan Province of China etc., thus positively influencing industry growth across this region.
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
Electronically Controlled Air Suspension Market Research Report
By Type
Hydraulic/Pneumatic, Electromagnetic
By Application
Passenger cars, LCVs, Trucks, Buses
By Companies
Continental, Hendrickson International, Thyssen Krupp, Dunlop Systems and Components, Wabco Holdings, Hitachi, Accuair Suspension, Mando, BWI, Firestone Industrial Products, Continental
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
160
Number of Tables & Figures
112
Customization Available
Yes, the report can be customized as per your need.
Global Electronically Controlled Air Suspension Market Report Segments:
The global Electronically Controlled Air Suspension market is segmented on the basis of:
Types
Hydraulic/Pneumatic, Electromagnetic
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, LCVs, Trucks, Buses
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
- Hendrickson International
- Thyssen Krupp
- Dunlop Systems and Components
- Wabco Holdings
- Hitachi
- Accuair Suspension
- Mando
- BWI
- Firestone Industrial Products
- Continental
Highlights of The Electronically Controlled Air Suspension 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:
- Hydraulic/Pneumatic
- Electromagnetic
- By Application:
- Passenger cars
- LCVs
- Trucks
- Buses
- 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 Electronically Controlled Air Suspension 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.
How you may use our products:
- 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?
Electronically controlled air suspension (ECAS) is a type of air suspension system that uses electric motors to control the height and position of the vehicle's suspension components. This technology allows for more precise positioning and improved ride quality than traditional systems.
Some of the major players in the electronically controlled air suspension market are Continental, Hendrickson International, Thyssen Krupp, Dunlop Systems and Components, Wabco Holdings, Hitachi, Accuair Suspension, Mando, BWI, Firestone Industrial Products, Continental.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electronically Controlled Air Suspension 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 Electronically Controlled Air Suspension Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electronically Controlled Air Suspension 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 Electronically Controlled Air Suspension 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 Electronically Controlled Air Suspension Market Size & Forecast, 2018-2028
4.5.1 Electronically Controlled Air Suspension Market Size and Y-o-Y Growth
4.5.2 Electronically Controlled Air Suspension Market Absolute $ Opportunity
Chapter 5 Global Electronically Controlled Air Suspension 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 Electronically Controlled Air Suspension Market Size Forecast by Type
5.2.1 Hydraulic/Pneumatic
5.2.2 Electromagnetic
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Electronically Controlled Air Suspension 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 Electronically Controlled Air Suspension Market Size Forecast by Applications
6.2.1 Passenger cars
6.2.2 LCVs
6.2.3 Trucks
6.2.4 Buses
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electronically Controlled Air Suspension 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 Electronically Controlled Air Suspension 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 Electronically Controlled Air Suspension Analysis and Forecast
9.1 Introduction
9.2 North America Electronically Controlled Air Suspension 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 Electronically Controlled Air Suspension Market Size Forecast by Type
9.6.1 Hydraulic/Pneumatic
9.6.2 Electromagnetic
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 Electronically Controlled Air Suspension Market Size Forecast by Applications
9.10.1 Passenger cars
9.10.2 LCVs
9.10.3 Trucks
9.10.4 Buses
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 Electronically Controlled Air Suspension Analysis and Forecast
10.1 Introduction
10.2 Europe Electronically Controlled Air Suspension 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 Electronically Controlled Air Suspension Market Size Forecast by Type
10.6.1 Hydraulic/Pneumatic
10.6.2 Electromagnetic
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 Electronically Controlled Air Suspension Market Size Forecast by Applications
10.10.1 Passenger cars
10.10.2 LCVs
10.10.3 Trucks
10.10.4 Buses
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 Electronically Controlled Air Suspension Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Electronically Controlled Air Suspension 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 Electronically Controlled Air Suspension Market Size Forecast by Type
11.6.1 Hydraulic/Pneumatic
11.6.2 Electromagnetic
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 Electronically Controlled Air Suspension Market Size Forecast by Applications
11.10.1 Passenger cars
11.10.2 LCVs
11.10.3 Trucks
11.10.4 Buses
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 Electronically Controlled Air Suspension Analysis and Forecast
12.1 Introduction
12.2 Latin America Electronically Controlled Air Suspension 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 Electronically Controlled Air Suspension Market Size Forecast by Type
12.6.1 Hydraulic/Pneumatic
12.6.2 Electromagnetic
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 Electronically Controlled Air Suspension Market Size Forecast by Applications
12.10.1 Passenger cars
12.10.2 LCVs
12.10.3 Trucks
12.10.4 Buses
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) Electronically Controlled Air Suspension Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Electronically Controlled Air Suspension 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) Electronically Controlled Air Suspension Market Size Forecast by Type
13.6.1 Hydraulic/Pneumatic
13.6.2 Electromagnetic
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) Electronically Controlled Air Suspension Market Size Forecast by Applications
13.10.1 Passenger cars
13.10.2 LCVs
13.10.3 Trucks
13.10.4 Buses
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 Electronically Controlled Air Suspension Market: Competitive Dashboard
14.2 Global Electronically Controlled Air Suspension Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Continental
14.3.2 Hendrickson International
14.3.3 Thyssen Krupp
14.3.4 Dunlop Systems and Components
14.3.5 Wabco Holdings
14.3.6 Hitachi
14.3.7 Accuair Suspension
14.3.8 Mando
14.3.9 BWI
14.3.10 Firestone Industrial Products
14.3.11 Continental
