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Air Suspension Market by Vehicle Type, Component, Technology, & by Region - Global Forecast to 2021

Air Suspension Market: Global Forecast until 2021

  • July 2016
  • 145 pages
  • ID: 4579532
In this report:
The fastest growing market is Asia-Oceania which is expected to grow at a CAGR of ##.##% during the forecast period, from an estimated ##.## million units in 2016 to ##.## million units by 2021.
The buses' segment is expected to grow at the second highest CAGR of ##.##% from 2016 to 2021, as air suspension buses can carry up to ## tons of load on the rooftop, owing to high capacity air compressors, reliable leveling valves and bellows with reliable life.

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"Growing demand for luxury and comfort in passenger cars and increasing demand for luxury buses are the main drivers of the air suspension market"

The air suspension market is estimated to rise at a compound annual growth rate of ~7.5 percent from 2016 to 2021, to attain a market size of ~$4.7B by 2021. The main drivers for this sector are increasing demand for comfort and luxury, as a result of increased disposable income, rised preference towards luxury public transport for long distance travel among others are together driving the industry for air suspension systems globally.

"Non- Electronically Controlled Air Suspension System: Largest Technology Market"

According to its low cost, less complex design and easy handling as compared with electronically controlled air suspension, the sector for non-electronically controlled air suspension is biggest. The system has a very simple electric connection where air flow inwards and outwards from the air springs through valves. All the wheels have a good grip to the road surface which leads to increased stability of the steering system and enhanced braking performance.

"EU is forecasted to be the most important market segment while Oceania/Asia is the quickest increasing market segment"

Europe (EU) accounts for the biggest market share, both in terms of value significance and quantity, as the territory houses a number of premium car manufacturers as well as air suspension manufacturers such as Continental AG, Dunlop Systems and Components and ThyssenKrupp AG and hence is able to cater to a big variety of consumers. Oceania/Asia is the quickest increasing sector, both in terms of value importance and quantity, for air suspension. This is because of the large demand for vehicles, especially in emerging economies including China and India (IN) with different OEMs investing in these areas. Availability of cheap labor and favorable government policies are additional factors that spur this increase.

The market research includes industry insights specified by different market experts, ranging from material suppliers to Tier-1 firms and Original equipment manufacturers. The break-up of the primaries is like:

- By Company Type - Tier-1 -42.0 percent, Tier-2 - 26.0 percent, Tier-3 - 32.0 percent

- By Description - C-suite - 40.0 percent, D-suite - 29.0 percent, and Others - 31.0 percent

- By area - North america (NA) - 38.0 percent, Europe - 22.0 percent, Asia-Oceania - 30.0 percent, and rest of the world - 10

The air suspension market is leaded by, is monopolized by a few globally established actors, that is, Continental AG, Hendrickson International Corporation, ThyssenKrupp AG, Dunlop Systems and Components, Wabco Holdings Inc., Hitachi Ltd., Accuair Suspension amongst others. Key increase strategies approved by these actors contain new product improvement, alliances, strategic agreements, joint ventures (JV), and supply contracts.

Why Purchasing This Study Can Help You:

This industry report includes several levels of analysis, including industry review, sector trends, and company descriptions, which together comprise and examine the basic overviews on the emerging and high-growth segments of the air suspension market, opposing landscape, high-growth areas and territories, government actions, and market dynamics including drivers, market restraints, alternatives, and opportunities.

The industry report allows new sector entrants/smaller companies to comprehend the industry better, and thereby helps them acquire a larger market share. Companies obtaining the study could use any one or an aggregation of the below-mentioned four strategies (sector development, product improvement/innovative projects, business diversification, and opposing assessment) to enhance their rank in the sector.

The analysis offers business insights with reference to the following points:

- Industry development: Highlighted information about profitable emerging sectors. The market research examines the industries for air suspension across localities.

- Product improvement/Innovative products: In-depth understanding into Research&development activities, up-on-coming technologies, and recent product launches in the automotive air suspension market.

- Industry diversification: Exhaustive information about untapped sectors, market investments, recent products, and recent evolutions in the air suspension market.

- Opposing assessment: Detailed assessment of strategies, products, and manufacturing competences of key players in the air suspension market.

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