Air Suspension Market size was valued at USD 17.80 Bn. in 2022 and the total revenue is expected to grow at 4.4% of CAGR through 2023 to 2029, reaching USD 24.06 Bn.
Air Suspension Market Overview:
The primary goal of this research is to assist the user in understanding the Air Suspension market in terms of definition, segmentation, market potential, significant trends, and the problems that the Air Suspension industry faces in key regions and nations. The market statistics and information were obtained from credible sources such as websites, annual reports of businesses, journals, and others, and were examined and validated by industry professionals.
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Market Scope:
The market statistics and information were obtained from credible sources such as websites, annual reports of businesses, journals, and others, and were examined and validated by industry professionals.
Market Dynamic:
Air-suspension cars are far more pleasant and convenient to drive. The majority of imported luxury cars that cost more than RMB600,000 have it, including those from Mercedes-Benz, BMW, Audi, Volvo, Land Rover, and Porsche. Established automakers like Geely, FAW-Hongqi, and Great Wall Motor as well as emerging producers like NIO, Xpeng, and Li Auto incorporate air suspension to their top-of-the-line smart cars for branding reasons. They may concentrate on autonomous full-stack development or work with air suspension providers to achieve air suspension penetration below. It’s probable that Chinese automakers will prefer to develop their own algorithms and air suspension control systems (which are subsequently incorporated into chassis domain controllers). Next, separate the hardware assembly into its many parts, such as the sensors, air supply units, air springs, and other
Segmentation:
Component-based, the compressor category will rule the market in 2022 with the most market share. It is a pump that is connected to the engine and is operated by a belt. The compressor facilitates the transmission and compression of refrigerant gas. When hot pressurised gases are introduced on top of a condenser, they immediately begin to cool, and once the cooling is complete, they condense and exit the condenser as a high-pressure fluid from the bottom. An evaporator’s primary function is to remove heat from within the car and dehumidify the interior atmosphere. By adjusting the refrigerant pressure and flow into the evaporator, pressure-regulating devices are used to control the evaporator temperature.
Global Air Suspension Market Size, by Vehicle Type (2022-2029)
• Light Duty Vehicles
• Trucks
• Buses
Global Air Suspension Market Size, by Application (2022-2029)
• Electronically Controlled
• Non-Electronically Controlled
Global Air Suspension Market Size, by OE Type (2022-2029)
• Air Springs
• Shock Absorbers
• Compressors
• Electronic Control Units
• Air Reservoirs
• Height Sensors
• Solenoid Valves
• Pressure Sensors
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Key Players: The study discusses the key market players who are engaged in the industry, such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors, and so on. The key players in the Air Suspension market are
1. Continental AG (Germany)
2. ThyssenKrupp AG (Germany)
3. ZF Friedrichshafen AG (Germany)
4. SAF Holland (Germany)
5. Vibracoustic (Germany)
6. Dunlop Suspension Systems Ltd (UK)
7. S.J. Sportscars Limited (UK)
8. AB Volvo (Sweden)
9. VB-Airsuspension (Netherlands)
10. AccuAir Suspension (US)
11. Firestone Industrial Products Company, LLC (US)
12. Hendrickson USA, L.L.C (US)
13. Parker Hannifin Corporation (US)
14. Air Lift Company (US)
15. Meritor, Inc. (US)
16. Universal Air (US)
17. Liftmatic (US)
18. Arnott LLC (US)
19. Jamna Auto Industiries Ltd. (India)
20. BWI Group (China)
21. Mando Corporation (South Korea)
22. Hitachi, Ltd. (Japan)
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Regional Analysis:
The report focuses on Global Regions and Market Size of Air Suspension , and development forecast 2021-2027, including industries, major players, suppliers worldwide, and market share by regions, with company and product introduction, position in the market including their market status and development trend by types and applications, which will provide its price and profit status, and marketing status, with 2020 as the base year.
COVID-19 Impact Analysis on Air Suspension Market:
The report discusses the impact of COVID-19: Since the breakout of the COVID-19 virus in December 2019, the disease has spread to practically every country on the planet, prompting the WHO to declare it a public health crisis. The worldwide effects of the coronavirus epidemic are already being noticed, and they will have a considerable influence on the Air Suspension industry in 2021.
See also Immunocytokines Market: Revolutionizing Industries with Disruptive Growth Strategies
Key Questions answered in the Air Suspension Market Report are:
- What is the function of Air Suspension ?
- What is the predicted revenue generation of the Air Suspension market?
- At what growth rate is the Air Suspension market evolving?
- Who are the major market giants operating in the Air Suspension market?
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