Press release
Air Suspension Market Regional Trend & Growth Projections By 2020-2025
Based on vehicle, HCV is expected to account for a significant share in the air suspension market share. This can be attributed to the rising demand for buses with significant comfort and the ability to travel across long distance without causing major fatigue. Industry players are focusing on new product launches to increase their revenue and expand their market share. For instance, in 2014, JBM Group launched its CITYLIFE buses with air suspension technologies.
Technological advancements including innovative electronics embedded with suspension systems and real time tuning for varying road conditions will influence the air suspension market demand. Industry participants focus on new product launches for expanding their product portfolio and attract new customers. For instance, in February 2018, Dorman Products announced the launch of a new active advanced suspension line up featuring solutions for OE compressor failure. Moreover, in September 2014, WABCO Holdings Inc introduced OptiRide in China, an improved electronically controlled air suspension technology (ECAS) for multiple truck platforms to gain competitive advantage in the region.
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Government support for the automotive manufacturing sector along with rising preference of automobile manufacturers to incorporate superior performance suspension technologies in their vehicles further accentuates the air suspension market size over the study timeframe. Increasing demand for overnight journey and log haul buses with superior comfort for minimizing fatigue over long distance travel are expected to significantly boost the industry share. However, the higher costs associated with the acquisition and maintenance of such systems may restrict the market share over the study timeframe.
Air Suspension Market, By Component, 2013-2025 (USD Million)
• Electronic control unit
• Shock absorber
• Solenoid valve
• Air spring
• Air compressor
• Height and pressure sensors
Air Suspension Industry, By Technology, 2013-2025 (USD Million)
• Non-electronically controlled
• Electronically controlled
Air Suspension Industry, By Vehicle Type, 2013-2025 (USD Million)
• PCV
• LCV
• HCV
Air Suspension Industry, By End-User, 2013-2025 (USD Million)
• OEM
• Aftermarket
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Europe air suspension market is expected to register significant market share owing to the consumer preferences towards premium vehicles across the region. Presence of multiple automobile OEMs with product portfolio consisting of luxury and sports vehicles will further propel the industry growth. For instance, in 2018, Lamborghini launched its Urus SUV with air suspension and active damper technologies. Asia Pacific will account for a considerable share owing to rising demand for buses for long haul travel along with rising commercial vehicle production across the region.
Few of the major players in air suspension market share include ThyssenKrupp AG, Continental AG, Firestone Industrial Products, Wabco Holdings Inc, Hitachi Ltd, Hendrickson International Corporation, SAF-Holland and Accuair Suspension. Industry players are continuously investing in R&D for developing innovative products to improve the overall driving experience. For instance, in April 2019, Hyundai Mobis Co announced the development of new air suspension technology featuring automatic suspension adjustment for varying the vehicle height based on navigation system.
Contact us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Technological advancements including innovative electronics embedded with suspension systems and real time tuning for varying road conditions will influence the air suspension market demand. Industry participants focus on new product launches for expanding their product portfolio and attract new customers. For instance, in February 2018, Dorman Products announced the launch of a new active advanced suspension line up featuring solutions for OE compressor failure. Moreover, in September 2014, WABCO Holdings Inc introduced OptiRide in China, an improved electronically controlled air suspension technology (ECAS) for multiple truck platforms to gain competitive advantage in the region.
Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/3521
Government support for the automotive manufacturing sector along with rising preference of automobile manufacturers to incorporate superior performance suspension technologies in their vehicles further accentuates the air suspension market size over the study timeframe. Increasing demand for overnight journey and log haul buses with superior comfort for minimizing fatigue over long distance travel are expected to significantly boost the industry share. However, the higher costs associated with the acquisition and maintenance of such systems may restrict the market share over the study timeframe.
Air Suspension Market, By Component, 2013-2025 (USD Million)
• Electronic control unit
• Shock absorber
• Solenoid valve
• Air spring
• Air compressor
• Height and pressure sensors
Air Suspension Industry, By Technology, 2013-2025 (USD Million)
• Non-electronically controlled
• Electronically controlled
Air Suspension Industry, By Vehicle Type, 2013-2025 (USD Million)
• PCV
• LCV
• HCV
Air Suspension Industry, By End-User, 2013-2025 (USD Million)
• OEM
• Aftermarket
Get this report Customized to your requirements @ https://www.gminsights.com/roc/3521
Europe air suspension market is expected to register significant market share owing to the consumer preferences towards premium vehicles across the region. Presence of multiple automobile OEMs with product portfolio consisting of luxury and sports vehicles will further propel the industry growth. For instance, in 2018, Lamborghini launched its Urus SUV with air suspension and active damper technologies. Asia Pacific will account for a considerable share owing to rising demand for buses for long haul travel along with rising commercial vehicle production across the region.
Few of the major players in air suspension market share include ThyssenKrupp AG, Continental AG, Firestone Industrial Products, Wabco Holdings Inc, Hitachi Ltd, Hendrickson International Corporation, SAF-Holland and Accuair Suspension. Industry players are continuously investing in R&D for developing innovative products to improve the overall driving experience. For instance, in April 2019, Hyundai Mobis Co announced the development of new air suspension technology featuring automatic suspension adjustment for varying the vehicle height based on navigation system.
Contact us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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