Automotive Air Suspension System Market Development and Demand Forecast to 2022

GLOBAL INDUSTRY INSIGHT: Automotive Air Suspension System Market Size, Share, Development, Growth and Demand Forecast to 2022

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Global Automotive Air Suspension System Market Expected to Grow at 7.6% CAGR During 2016 – 2022

The global automotive air suspension system market was valued at $4,963.6 million in 2015, and it is expected to grow at a CAGR of 7.6% during 2016 - 2022. Increasing demand for luxury and comfort, and growing demand for premium cars and luxury buses are expected to drive the automotive air suspension market over the forecast period. Moreover, stringent emission control norms and fuel efficiency regulations in different countries is enforcing stringent targets to OEMs. This in turn, has increased the demand for lightweight air suspension system in the automotive industry. For instance, Kenworth Truck Company, a U.S. based manufacturer of medium and heavy-duty Class 8 trucks, introduced air ride suspension system in its vehicles to reduce the weight of suspension system by 400 pounds. ECOmove, an Australian company, developed patented ‘Qbeaks’ suspension composed entirely made of composite materials.

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https://www.psmarketresearch.com/market-analysis/automotive-air-suspension-system-market The increasing industrialization has enhanced the overall purchasing power of consumers.

According to the National Bureau of Statistics of China, the annual per capita disposable income of urban households in China increased from $2,818.6 in 2010 to $4,692.9 in 2014. The per capita GDP of India increased from $1,432.3 in 2010 to $1,500.8 in 2012, and is expected to reach $1,869.3 by 2018. The overall annual disposable income in India increased from $1,366.2 billion in 2010 to $1,587.6 billion in 2013. Owing to such increase in the overall income of consumers, the per capita vehicle ownership has increased, especially in the developing Asia-Pacific countries, such as India and China. This is further driving the demand for premium cars, which in turn is supporting the growth of the automotive air suspension system market in the region. In 2012, sale of premium cars in China reached 1.25 million vehicles and is expected to reach 3 million by 2020.

China’s premium car market is expected to grow at an annual rate of 12% through 2020 and is expected to surpass the U.S. as the largest premium car market.

Among the two technologies of automotive air suspension system, the manual air suspension held the larger share in the global automotive air suspension system market in 2015. However, the electronic air suspension systems segment is the faster growing segment. The consumption of automotive air suspension system was the largest in bus segment in 2015, compared to other vehicle types. The automotive air suspension system market is expected to witness fastest growth in passenger car segment.

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Global Automotive Air Suspension System Market Expected to Grow at 7.6% CAGR During 2016 – 2022

In 2015, Europe accounted for the largest market of automotive air suspension systems; whereas the market during the forecast period is expected to witness fastest growth in Asia-Pacific. The major reason for the growth of the market in the region is increasing disposable income of people and growing demand for fuel efficient vehicles. North America was the second largest market for automotive air suspension system in 2015 owing to its increasing customer base and high disposable income of people in the region. This has resulted in increased manufacturing activities by local automotive OEMs in the region, and supporting the growth of the automotive air suspension system market.

Browse Other Related Report at: https://www.psmarketresearch.com/industry-report/automotiveand-transportation Some of the major players operating in the global automotive air suspension system market include Thyssenkrupp AG, Hendrickson International Corporation, Continental AG, WABCO Holdings Inc., Hitachi Ltd., BWI Group, Firestone Industrial Products, Mando Corporation, Accuair Suspension, and Dunlop Systems and Components.

Chapter 1. Research Scope & Methodology 1.1 Market Definition 1.2 Market Scope 1.2.1 Market breakdown by technology 1.2.2 Market breakdown by components 1.2.3 Market breakdown by vehicle type 1.2.4 Market breakdown by geography 1.3 Research Methodology and Sources Chapter 2. Executive Summary 2.1 Key Findings 2.2 Research Summary Chapter 3. Market Outlook

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Global Automotive Air Suspension System Market Expected to Grow at 7.6% CAGR During 2016 – 2022

3.1 Introduction 3.2 Industry Value Chain Analysis 3.3 Trends in the Market 3.3.1 Increasing adoption of lightweight electronic air suspension 3.4 Opportunities in the Market 3.4.1 Advance electronically controlled air suspension 3.4.2 Fuel efficient norms 3.5 Factors Driving Growth of the Market and its Impact on Market Forecast 3.5.1 Increasing demand for luxury buses 3.5.2 Increasing disposable income driving people towards premium cars 3.5.3 Changing consumer preferences 3.5.4 Impact analysis of drivers on market forecast 3.6 Factors Hindering Growth of the Market and its Impact on Market Forecast 3.6.1 Maintaining a balance between the cost and quality of advanced technology 3.6.2 Impact analysis of restraints on market forecast Chapter 4. Automotive Air Suspension System Market Size and Forecast (2012 – 2022) 4.1 Global Automotive Air Suspension System Market, By Technology 4.1.1 Manual air suspension 4.1.2 Electronic air suspension 4.2 Global Automotive Air Suspension System Market, By Component 4.2.1 Shock absorber 4.2.2 Air spring 4.2.3 Air compressor 4.2.4 Air reservoir 4.2.5 Height sensor

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Global Automotive Air Suspension System Market Expected to Grow at 7.6% CAGR During 2016 – 2022

4.2.6 Electric control unit (ECU) 4.2.7 Others 4.3 Global Automotive Air Suspension System Market, By Vehicle Type 4.3.1 Bus 4.3.2 Passenger car 4.3.3 Light commercial vehicle (LCV) Chapter 5. Global Automotive Air Suspension System Market, by Geography 5.1 Europe Automotive Air Suspension System Market 5.1.1 By country 5.1.2 By technology 5.1.3 By component 5.1.4 By vehicle type 5.2 North America Automotive Air Suspension Market 5.2.1 By country 5.2.2 By technology 5.2.3 By component 5.2.4 By vehicle type 5.3 Asia-Pacific Automotive Air Suspension System Market 5.3.1 By country 5.3.2 By technology 5.3.3 By component 5.3.4 By vehicle type 5.4 Rest of the World (RoW) Automotive Air Suspension System Market 5.4.1 By country 5.4.2 By technology

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Global Automotive Air Suspension System Market Expected to Grow at 7.6% CAGR During 2016 – 2022

5.4.3 By component 5.4.4 By vehicle type Chapter 6. Competitive Analysis 6.1 Porter's Five Forces of Competitive Position Analysis 6.1.1 Bargaining power of buyers 6.1.2 Bargaining power of suppliers 6.1.3 Threat of new entrants 6.1.4 Intensity of rivalry 6.1.5 Threat of substitutes 6.2 Competitive Positioning Of Global Automotive Air Suspension System Market, by Vehicle Type Chapter 7. Company Profiles and Strategic Developments 7.1 Key Company Profiles 7.1.1 Thyssenkrupp AG 7.1.1.1 Business overview 7.1.1.2 Product and service offerings 7.1.2 Hendrickson International Corporation 7.1.2.1 Business overview 7.1.2.2 Product and service offerings 7.1.3 Continental AG 7.1.3.1 Business overview 7.1.3.2 Product and service offerings 7.1.4 WABCO Holdings Inc. 7.1.4.1 Business overview 7.1.4.2 Product and service offerings 7.1.5 Hitachi Ltd.

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Global Automotive Air Suspension System Market Expected to Grow at 7.6% CAGR During 2016 – 2022

7.1.5.1 Business overview 7.1.5.2 Product and service offerings 7.1.6 BWI Group 7.1.6.1 Business overview 7.1.6.2 Product and service offerings 7.1.7 Firestone Industrial Products 7.1.7.1 Business overview 7.1.7.2 Product and service offerings 7.1.8 Mando Corporation 7.1.8.1 Business overview 7.1.8.2 Product and service offerings 7.1.9 Accuair Suspension 7.1.9.1 Business overview 7.1.9.2 Product and service offerings 7.1.10 Dunlop Systems and Components 7.1.10.1 Business overview 7.1.10.2 Product and service offerings 7.2 Strategic Developments Chapter 8. Appendix 8.1 List of Abbreviations

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Global Automotive Air Suspension System Market Expected to Grow at 7.6% CAGR During 2016 – 2022

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