The global air suspension market remained at around $ 733 billion out of 2021 and is foreseen to proceed with its development trajectory during the conjecture time frame enrolling a CAGR of 6.50%.
Air suspension is a kind of suspension framework utilized in vehicles to give solace to drivers while driving. These pumps or blowers joined to the suspension framework permits air to stream into the suspension framework, which is typically produced using textile fortified rubber. Air suspension framework is utilized in a vehicle as a swap for traditional steel springs and has a more extensive application in heavy vehicles, for example, buses, trucks, rolling stock, and different substantial vehicles.
Increasing interest for higher automobile safety and upgraded passenger comfort are among the primary considerations boosting the worldwide air suspension market. The suspension is responsible for the quality of rides and control on vehicle handling, as automobiles with firm suspension could bring about more prominent control of body movements and rapid responses. Ambulances have a unique requirement for a significant level of ride quality, to maintain a strategic distance from further injury to the effectively sick passengers. Such factors have supported the interest for higher driving solace, which in the long run impacts the air suspension market.
· Hendrickson Truck Commercial Vehicle Systems reports the presentation of ROADMAAX™, the next-gen in heavy-duty back air suspensions, for fire and salvage automobiles in North America at FDIC in Indianapolis. ROADMAAX will fill in as the new back air suspension for Rosenbauer's new SA Viper ethereal truck.
· Hendrickson Trailer Commercial Vehicle Systems takes low support suspension frameworks to the following level with the dispatch of its most recent advancement, Zero-Maintenance Damping (ZMD™) ride innovation.
· Hendrickson International is perceived for item development for the organization's AIRTEK Integrated Front Air Suspension and Steer Axle System. This suspension framework is an extraordinary based on its specialized highlights, just as its predominant exhibition qualities, upgrading the driveability of hardcore trucks on which it is utilized.
· The innovation organization Continental has built up another solution called Continental Air Supply (CAirS). This profoundly coordinated air supply framework improves establishment in the vehicle since it comes as a total unit. It likewise has a versatile scope of capacities, permitting it to be utilized for essential level control or for completely coordinated solutions that control all undertakings identifying with the spring rate and damping. CAirS is a closed framework with a pressure reservoir, which implies that it is particularly peaceful and productive.
Drivers and Restraints of Air Suspension Market:
The booming vehicle segment is expected to drive the car air suspension market during the estimated time frame. The essential capacity of the air suspension framework is to give a pleasant ride to the driver. Subsequently, the air suspension is an element that is fundamentally predominant in luxury automobiles and high-end models of cars. Expanding mechanical progressions, for example, electronically controlled air suspension systems (ECAS) have been picking up footing as of late. This is additionally foreseen to fuel the global air suspension market during the forecast period.
Most key makers of passenger automobiles don't want to give air suspension in cars that fall in the medium-cost range classification attributable to the significant expense of the framework. This is anticipated to hinder the global air suspension market during the estimated time frame.
By Vehicle Type:
Commercial vehicles, particularly heavy-duty trucks and buses and coaches are liable to shocks to a more significant degree contrasted with passenger cars. Air suspension frameworks help in shock retention. This is foreseen to give promising chances to the development of the vehicle air suspension market during the predicted time.
With consistent up-gradation in the automotive segment, the interest for vehicles furnished with the most recent and propelled parts have expanded over the globe. This has likewise developed the interest for lightweight vehicles present over the world. Therefore, to meet this standard, vehicle producers have favored lightweight suspension framework over metal spring-based suspension frameworks. This appropriation has driven producers to utilize lightweight parts for producing suspension frameworks. Along these lines, the expanding interest for lightweight air suspension framework has prompted the development of the market during the conjecture time frame.
By Technology Type:
The electronically controlled air suspension (ECAS) is foretold to grow at a fast pace during the conjecture time frame inferable from the rising customer inclination toward vehicles with mechanically advanced frameworks. ECAS empowers better leveling of the vehicle, diminished air utilization, decreased vibration, more comfortable ride, higher stability, ideal road grasp, and the capacity to adjust to fluctuating load capacities.
By Sales Channel Type:
The OEM fragment is envisioned to extend at a critical development rate during the outlook period attributable to the way that the air suspension framework doesn't require substitution frequently.
Air Suspension Market Region wise analysis:
Marked Segmentation based on the region:
a. Middle East
Asia-Pacific and North America jointly represented about 67.4% of the global air suspension market share in 2018. The biggest air suspension market in terms of volume and share is Europe. The first equipment makers in the European districts are making exceptionally progressed new items with their upgrading specialized abilities and are subsequently ready to fulfill the needs for air suspension frameworks. Around 15 to 20% passenger vehicles fitted with air suspension frameworks are sold in Europe. Asia-Pacific air suspension market is developing at a lively rate with China driving the numbers in the market. India is one of the biggest passenger vehicle markets on the planet, be that as it may, the infiltration of air suspension is low, which is foreseen to increment during the estimated time frame.
Key Players of Market:
The major players in the global air suspension market are ThyssenKrupp AG, Hendrickson International Corporation, Continental AG, Dunlop Systems and Components, Wabco Holding Inc. and Hitachi Ltd. These major players supply their products to automobile manufacturers such as Fiat Chrysler Automobiles, BMW AG, Volvo and Daimler AG
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Air Suspension Market, By Component
6.1.1 Air Spring
6.1.3 Solenoid Valve
6.1.4 Shock Absorber
6.1.5 Air Compressor
6.1.6 Electronic Control Unit
6.1.7 Height and Pressure Sensor
6.1.8 Market Size Estimations & Forecasts (2019-2024)
6.1.9 Y-o-Y Growth Rate Analysis
6.1.10 Market Attractiveness Index
6.2 Air Suspension Market, By Vehicle Type
6.2.1 Light Commercial Vehicles
6.2.4 Market Size Estimations & Forecasts (2019-2024)
6.2.5 Y-o-Y Growth Rate Analysis
6.2.6 Market Attractiveness Index
6.3 Air Suspension Market, By Technology Type
6.3.1 Electronic Controlled
6.3.2 Non-Electronic Controlled
6.3.3 Market Size Estimations & Forecasts (2019-2024)
6.3.4 Y-o-Y Growth Rate Analysis
6.3.5 Market Attractiveness Index
6.4 Air Suspension Market, By Sales Channel
6.4.3 Market Size Estimations & Forecasts (2019-2024)
6.4.4 Y-o-Y Growth Rate Analysis
6.4.5 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.2 By Component
7.2.3 By Vehicle Type
7.2.4 By Technology Type
7.2.5 By Sales Channel
7.3.1 By Country
18.104.22.168 Rest of Europe
7.3.2 By Component
7.3.3 By Vehicle Type
7.3.4 By Technology Type
7.3.5 By Sales Channel
7.4 Asia Pacific
7.4.1 By Country
22.214.171.124 South Korea
126.96.36.199 South East Asia
188.8.131.52 Australia & NZ
184.108.40.206 Rest of Asia-Pacific
7.4.2 By Component
7.4.3 By Vehicle Type
7.4.4 By Technology Type
7.4.5 By Sales Channel
7.5 Latin America
7.5.1 By Country
220.127.116.11 Rest of Latin America
7.5.2 By Component
7.5.3 By Vehicle Type
7.5.4 By Technology Type
7.5.5 By Sales Channel
7.6 Middle East and Africa
7.6.1 By Country
18.104.22.168 Middle East
7.6.2 By Component
7.6.3 By Vehicle Type
7.6.4 By Technology Type
7.6.5 By Sales Channel
8. Key Player Analysis
8.1 ThyssenKrupp AG
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Hendrickson International Corporation
8.3 Continental AG
8.4 Dunlop Systems and Components
8.5 Wabco Holding Inc
8.6 Hitachi Ltd
8.7 Fiat Chrysler Automobiles
8.8 BMW AG
8.10 Daimler AG
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures
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