Global Air Suspension Market is
projected to reach USD 4.75 Billion by 2023, at a CAGR of over 7% during the
forecast period. The market is mainly driven by growing significance of comfort
& luxury among car buyers and growing demand for luxury buses for long
distance travel. Based on vehicle type, the market has been segmented into
passenger cars and commercial vehicles. In 2017, the passenger cars segment
dominated the market since manufacturers are focusing on more advanced
suspension systems with increasing penetration in passenger cars. APAC region
is the fastest growing market both in terms of value and volume due to increasing
vehicle production & sales and growing demand for comfort & convenience.
Continental AG, Wabco Holdings Inc., Hitachi Ltd. are the top players in the
global air suspension market.
Years
considered for this report:
Historical Years: 2013-2016
Base Year: 2017
Estimated Year: 2018
Forecast Period: 2018–2023
Objective of the
Study:
- To analyse and forecast the market size of Air
Suspension Market, in terms of value and volume
- To classify and forecast Global Air Suspension
Market based on vehicle type, component, technology and regional
distribution.
- To identify drivers and challenges for Global Air
Suspension Market.
- To examine competitive developments such as
expansions, new product launches, mergers & acquisitions, etc., in Global
Air Suspension Market.
- To conduct the pricing analysis for Air
Suspension Market.
- To identify and analyse the profile of leading
players involved in the manufacturing of Global Air Suspension Market.
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Some of the leading players in the
Global Air Suspension Market are Dunlop Systems & Components, Hendrickson
International Corporation, Thyssenkrupp AG, Continental AG, Wabco Holdings Inc.,
Mando Corporation, BWI Group, Firestone Industrial Products, Accuair Suspension
etc.
TechSci Research performed both primary
as well as exhaustive secondary research for this study. Initially, TechSci
Research sourced a list of manufacturers across the globe. Subsequently,
TechSci Research conducted primary research surveys with the identified
companies. While interviewing, the respondents were also enquired about their
competitors. Through this technique, TechSci Research could include the suppliers
which could not be identified due to the limitations of secondary research.
TechSci Research analysed the service offerings, distribution channels and
presence of all major collaboration manufacturer across the globe.
TechSci Research calculated the market size of Global Air Suspension Market using a bottom-up approach, where data for various end user
industries and its application across various product types were recorded and
forecast for the future years. TechSci Research sourced these values from the
industry experts and company representatives and externally validated through analysing
historical data of these product types and applications for getting an
appropriate, overall market size. Various secondary sources such as company
website, news articles, press releases, company annual reports, investor
presentations and financial reports were also used by TechSci Research.
Key Target
Audience:
- Manufacturers of Air
Suspension
- Automotive OEMs
- Raw material suppliers
- Traders, Distributors, and
Suppliers
- Industry associations and
experts
- Research organizations and
consulting companies.
- Research Institutes
- Industry associations
- Market research and
consulting firm.
The study is useful in providing answers
to several critical questions that are important for the industry stakeholders
such as collaboration manufacturer and partners, end users, etc., besides
allowing them in strategizing investments and capitalizing on market
opportunities.
Report Scope:
In this report, Global Air Suspension Market has
been segmented into following categories, in addition to the industry trends
which have also been detailed below:
- Market, By
Vehicle Type:
- Passenger Cars
- Commercial Vehicles
- Market, By Component:
- Air Spring
- Air Reservoir
- Height Sensor
- Shock Absorber
- Air Compressor
- Electronic Control Module
- Market, By Technology:
- Electronically Controlled Air Suspension
- Non-Electronically Controlled Air Suspension
- Market, by Region:
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Singapore
- Malaysia
- Europe & CIS
- France
- Germany
- United
Kingdom
- Italy
- Spain
- North America
- United
States
- Mexico
- Canada
- South America
- Brazil
- Argentina
- Colombia
- Middle East and Africa
- South
Africa
- Saudi
Arabia
- UAE
- Qatar
Competitive
Landscape
Company Profiles: Detailed analysis of the major
companies present in Air Suspension Market.
Available
Customizations:
With the given market data, TechSci
Research offers customizations according the company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional
market players (up to five).
Profit Margin Analysis
- Profit margin analysis in case of direct and
indirect sales channel.
In case you don’t find what you are
looking for, please get in touch with our custom research team at sales@techsciresearch.com
It is an upcoming report to
be released soon. If you wish an early delivery of this report or want to
confirm the date of release, please contact us at sales@techsciresearch.com