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The Automotive Air Suspension Market is Segmented by Control Type (Electronically Controlled Air Suspension and Non-electronically Controlled Air Suspension) , Application Type (Passenger Cars and Commercial vehicles), by End-User (OEMs and Aftermarket) and Geography
Fastest Growing Market:
The global automotive air suspension market is expected to grow at a CAGR of over 6% during the forecasted period (2020 – 2025)
The global automotive air suspension system market report contains the latest trends and technological developments in the market, demand by Control Type, Application Type, End User, Geography and share of major players across the globe.
|Electronically Controlled Air Suspension|
|Non-electronically Controlled Air Suspension|
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The electronically controlled air suspension system is an advanced mechanism equipped with additional components such as electronic control module, solenoid valves, and hight sensors. The benefit offered by electronically controlled air suspension includes raising and lowering the vehicle height, reduced air consumption, and various ride quality control options. Many luxury passenger cars are being released with electronically controlled air suspension such as Audi A8, Mercedes S-Class, Porsche Cayenne, Land Rover Discovery, and Volkswagen Touareg are some of many models. The European countries have show more rate of adoption of this technology. Volvo, Scania, and Daimler have started offering this technology in their commercial bus fleet as well.
Countries have implemented laws and regulations for vehicles to install advanced systems for comfort while driving such as air suspension systems, within a stipulated time period. Governments across the globe has made mandatory rules and regulations to replace metal-based spring system in vehicles with air suspension systems which will eventually lead to the air suspension market growth. Moreover, automobile manufacturers need to obtain safety ratings from organizations such as IIHS, NCAP, and ICAT to access sales of vehicles in the air suspension market. Thus, all these safety rules and regulation made by governments are anticipated for growth of the market in the coming years. This paired with raising commercial vehicles sales is expected to boost the demand for air suspension market during the forecasted period.
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Exports have improved over the past few years and it is anticipated that COVID-19 economic crisis would not have much impact on automotive sector in Europe. Germany’s automotive exports are moderately influenced by global economy and environmental regulations. Recent changes in the regulations across the world had little impact on the growth rate. However, Germany still has growth rate.
Leading German automotive manufacturers Volkswagen, Daimler AG and BMW are expected to see higher growth during forecasted period after the slow growth in 2020. Germany ranked 1st in the world for car exports. Germany ranked 9th in the index for innovation developments and with sufficient technological advancements German manufacturers are expected to see raise in demand. Germany is also leading manufacturer of luxury vehicles, air suspension being an integral part of luxury vehicles, this market is expected to grow at a high rate in Germany. German automobile production amounted to 4.7 million vehicles in 2019. Commercial vehicle sales are increasing rapidly in Germany with over 409,800 such vehicles being sold in 2019 compared to 386,300 in 2018. The best performing luxury cars in terms of sales world-wide are Mercedes-Benz (USD 3.4 billion revenue) and BMW (USD 2.5 billion revenue) are German based companies. Because of the above-mentioned reasons, Germany is expected to see high growth rate of automotive air suspension market during the forecasted period.
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The Global Automotive Air Suspension Market is fragmented, with many players accounting for a small market share. Some of the prominent companies in Global Automotive Air Suspension Market Dunlop Systems, Vibrocoustics, Wabco,Continental AG are and others.
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porters Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Control Type
5.1.1 Electronically Controlled Air Suspension
5.1.2 Non-electronically Controlled Air Suspension
5.2 Application Type
5.2.1 Commercial Vehicle
5.2.2 Passenger Cars
5.3 End User
5.4.1 North America
22.214.171.124 United States
126.96.36.199 Rest of North America
188.8.131.52 United Kingdom
184.108.40.206 Rest of Europe
5.4.3 Asia Pacific
220.127.116.11 South Korea
18.104.22.168 Rest of Asia-Pacific
5.4.4 Rest of the World
22.214.171.124 South Africa
126.96.36.199 Other Countries
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 Airlift Company
6.2.2 Dunlop Systems and Components
6.2.6 Continental AG
6.2.7 Arnott Industries
6.2.8 Hendrickson International
6.2.9 Mando Corporation
6.2.10 Suncore Industries
7. MARKET OPPORTUNITIES AND FUTURE TRENDS