Ø Data Bridge Market Research analyses that the air suspension market would exhibit a CAGR of 7.19% for the forecast period and is expected to reach the USD 12.86 billion by 2029. An air suspension system is a type of vehicle suspension that uses an electric pump or compressor to pump air through flexible bellows constructed of a textile-reinforced rubber. Unlike hydropneumatic suspension, which has many of the same benefits, air suspension uses compressed air rather than pressurized liquid. The bellows are inflated by the air pressure, which lifts the chassis away from the axle. In heavy vehicle applications, such as buses and trucks, and in some passenger automobiles, air suspension replaces traditional steel springs.
Ø Market Study and Perceptions : Global Air Suspension Market
Ø The growing importance of the automobile industry is also propelling the air suspension market forward. Furthermore, the rising demand for premium and luxury vehicles along with the increased commercial vehicle sales are expected to drive market expansion during the projection period. Air suspension market players are putting resources into developing cutting-edge air suspension technology for light and heavy-duty vehicles, which is expected to accelerate the market throughout the forecast period. Globalization is one of the driving forces behind the air suspension market's expansion.
Ø Moreover, growing demand lightweight air suspension system and increased aftermarket demand for air suspension and related components will carve the beneficial opportunities for the growth of air suspension market.However, high costs of maintenance and development are projected to stymie revenue growth. The rise in the presence of local suppliers will pose a major challenge for the growth of air suspensions market.
Ø Global Air Suspension Market Opportunity and Market Proportions
Ø The air suspension market is segmented on the basis of vehicle type, component, technology type, and sales channel type. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
Ø Based on vehicle type, air suspension market is segmented into light commercial vehicles (LCV), trucks and bus.
Ø Global Air Suspension Market Stake Exploration and Competitive Landscape
Ø The air suspension market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to air suspension market.
Ø Some of the major companies operating in the air suspension market are
Ø Continental AG
Ø thyssenkrupp AG
Ø Hitachi, Ltd.
Ø WABCO
Ø Firestone Industrial Products Company, LLC
Ø Hendrickson USA, L.L.C.
Ø Mando Corp.
Ø BWI Group
Ø SAF-HOLLAND S.A.
Ø ACCUAIR SUSPENSION
Ø Vibracoustic
Ø Dunlop Tires
Ø VB-Airsuspension
Ø Link
Ø Universal Air
Ø Liftmatic
Ø STEMCO Products Inc.
Ø Arnott LLC
Ø Shanghai Komman Vehicle Component Systems Stock Co., Ltd
Ø Jamna Auto Industiries Ltd
Ø Access full report- https://www.databridgemarketresearch.com/reports/global-air-suspension-market
Ø MAJOR TOC OF THE REPORT
Ø Chapter One: Introduction
Ø Chapter Two: Market Segmentation
Ø Chapter Three: Market Overview
Ø Chapter Four: Executive Summary
Ø Chapter Five: Premium Insights
Ø Chapter Six: Global Air Suspension Market by Product & Procedure type
o Get TOC of the report- https://www.databridgemarketresearch.com/toc/?dbmr=global-air-suspension-market
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