What is Electronic Air Suspension System Market?
Electronic air suspension system is powered by electric source and offers smooth and shock-free ride experience. With growing demand for luxury and comfort, manufacturers are focusing on developing effective suspension system. With the integration of electronics, air spring pressure is controlled efficiently. Also, there is a growing focus on fuel conservation. Owing to use of this system, aerodynamic drag can be reduced by lowering vehicle ride height, thus, an increased fuel efficiency.
The market study is being classified and major geographies with country level break-up.
Continental [Germany], Hitachi [Japan], Dunlop [United Kingdom], ThyssenKrupp [Germany], Wabco [Belgium], ACCUAIR [United States], Continental [Germany], Hitachi [Japan], BWI Group [China] and Komman [China] are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Hendrickson International Corporation [United States], Air Lift Company [United States], VB-Airsuspension [Netherlands], Volvo [Sweden], Firestone Industrial Products [United States], Beijing West Industries Co., Ltd. [China], Mando Corporation [South Korea] and LORD Corporation [United States].
Research Analyst at AMA predicts that United States and German Vendors will contribute to the maximum growth of Global Electronic Air Suspension System market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Electronic Air Suspension System market by Type, Application and Region.
On the basis of geography, the market of Electronic Air Suspension System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Growing Demand for Luxury and Comfort Across Automobiles
- Increasing Sales of Automotive Fueled by Growing Disposable Income in emerging Countries
- Growing Inclination Towards Premium Cars With Added Safety and Comfort Features
- Risk Associated with Component Failure
- High Cost Involved in Development of Air Suspension
- Growing Demand for Light Weight Suspension Systems
- Increasing Production of Electric and Hybrid Vehicles
Key Target AudienceManufacturers of Electronic Air Suspension, Automotive OEMs, Raw Material Suppliers, Traders, Distributors and Suppliers, Industry Associations and Experts, Research Organizations and Consulting Companies, Research Institutes, Industry Associations, Market Research and Consulting firm and Others