Air suspension is a type of vehicle suspension powered by an electric or engine-driven air pump or compressor. This compressor pumps the air into flexible bellows, usually made from textile-reinforced rubber. The air pressure inflates the bellows and raises the chassis from the axle. Passenger car air suspension is that air suspension used in place of a passenger car.
Passenger Car Air Suspension Market Conspectus
Global Passenger Car Air Suspension Market Report demonstrated that Passenger Car Air Suspension market is poised to present surging growth during the predicted period from 880 million USD in 2019 to reach 1,441 million USD by 2026 with a CAGR of 7.3%. Global economic development, government regulations adjustment, related industry dynamics, industrial upgrading, and competition among market’s participators are some of the key factors that influence the Passenger Car Air Suspension market development. A distinctive and comprehensive picture of Passenger Car Air Suspension is embodied in the report.
The Passenger Car Air Suspension market is primely attributed to the increasing demand for ride comfort, demand for extra payload capacity, awareness of driver safety, and increasing government support. Furthermore, the increasing demand for luxury and comfort, and growing demand for premium cars and luxury buses are some of the other factors that propel the Passenger Car Air Suspension market growth.
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Major Participators Landscape
Major market participators covered in our report are Continental, Wabco, Firestone, ThyssenKrupp Bilstein, Hitachi, Dunlop, BWI Group, and Accuair Suspension. These market players enjoyed broad industry coverage, outstanding operational ability, and strong financial resources. Manufacturers are focusing on product innovation, brand extension, and the introduction of new brands to cater to the preferences of consumers. Some of them will be endowed with vital future while others will show a weak growth during the prospective timeframe.
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Passenger Car Air Suspension Type Abstract
On the basis of the type, the Passenger Car Air Suspension can be bifurcated into Electronically Controlled Air Suspension and Non-Electronically Controlled Air Suspension.
Electronically controlled air suspension (ECAS) occupied the largest market share and is estimated to be the fastest growing market during the forecast period. ECAS provides benefits such as raising and lowering the vehicle height, control options, and reduced air consumption. Hence, most of the luxury passenger cars and sport-utility vehicles (SUV) offer ECAS technology. Further, rising intra and inter-city transport has fueled the demand for multi-axle buses that are compulsorily installed with air suspension across all axles in the global market.
Passenger Car Air Suspension Application Abstract
The Passenger Car Air Suspension is commonly used into Sedan, SUV, and Other Vehicle.
Key Regions Overview
The report covers the major countries analysis in North America, Europe, Asia Pacific, and the rest of the world. Furthermore, policy mobilization, social dynamics, fashion trends, and economic development in these countries are also taken into consideration.
The Asia Pacific was the leasing market at a share of 33% and expected to witness robust growth during the forecast period. This is attributed to the increase in public demand for more luxury & comfort in the vehicles, rise in sales, and enforcement of laws & regulations by government authorities. Moreover, the rise in disposable income of public propelled the growth of the Asia-Pacific automobile suspension market.
Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Passenger Car Air Suspension Market
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2 Market Trends and Competitive Landscape
3 Segmentation of Passenger Car Air Suspension Market by Types
4 Segmentation of Passenger Car Air Suspension Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Passenger Car Air Suspension Market in Major Countries
7 North America Passenger Car Air Suspension Landscape Analysis
8 Europe Passenger Car Air Suspension Landscape Analysis
9 Asia Pacific Passenger Car Air Suspension Landscape Analysis
10 Latin America, Middle East & Africa Passenger Car Air Suspension Landscape Analysis
11 Major Players Profile
11.1 Continental
11.1.1 Continental Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 Wabco
11.3 Firestone
11.4 ThyssenKrupp Bilstein
11.5 Hitachi
11.6 Dunlop
11.7 BWI Group
11.8 Accuair Suspension
…
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