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Global Air Suspension System Market USD 9.5 Billion by 2027.

Global Air Suspension System Market Size study, By Technology {Electronic Controlled, Non-electronic Controlled}, By Component {Air Spring, Tank, Solenoid Valve, Shock Absorber, Air Compressor, Electronic Control Unit (ECU), Height & Pressure Sensor, Others}, By Vehicle Type {Light Duty Vehicle, Trucks, Buses, Semi-Trailers, Others}, By Distribution {Original Equipment Manufacturer (OEM), After Market Sale}, Regional Forecasts 2021-2027

Product Code: ALTAMC-17369265
Publish Date: 6-05-2021
Page: 200

Global Air Suspension System Market reached USD Billion in 2020. The Global Air Suspension System Market tends to grow by a CAGR of 7.56%% in the 2021-2027 period.
An air suspension system is a style of vehicle suspension that’s powered by an electric pump or compressor that pumps air into flexible bellows. Air suspension is one of the major spare parts used in different kinds of commercial vehicle, high load vehicle, buses, and others. Air suspension provides a smooth, contact quality ride but in some cases, it is also used in sports suspension. Rising global commercial vehicles sales alongside the surge in demand for premium and high-value vehicles is one of the driving factors for this market. As demand for the vehicle rises, the demand for spare parts automatically increases. As technology is upgrading day by day there’s a huge opportunity for lightweight air suspensions as most of the players are focusing on providing lightweight and compactable vehicles to their customers. Apart from that players are now focusing on after-market sales which acts an opportunity for this market. Initial high set up and maintenance cost is the biggest restraints for this market. The non-electronic controlled system is expected to be the largest segment in the air suspension market by technology as per the estimation. Along with that Air-bellow is estimated to be the largest air suspension aftermarket sale by component in the forecasted year.

Europe is the lead player in the air suspension market, due to its higher adoption rate of air suspension across all vehicle types compared with other regions. Europe and the Asia Pacific are expected to witness a significant CAGR of approx. 6.9% to 6.4% in the forecasted period. The Asia Pacific and North America are the largest revenue collectors in the air suspension market by far and the trend is anticipated to continue over forecasted years.

Major market players included in this report are:
ThyssenKrupp AG
Firestone Industrial Products
Mando Corporation
BWI Group
SAF Holland
Accuair Suspension
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Technology:
Electronic Controlled
Non-electronic Controlled
By Component:
Air Spring
Solenoid Valve
Shock Absorber
Air Compressor
Electronic Control Unit (ECU)
Height & Pressure Sensor
By Vehicle Type:
Light-Duty Vehicle
By Distribution:
Original Equipment Manufacturer (OEM)
After Market Sale
By Region:
North America
The U.S.

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, the years considered for the study are as follows:

Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027

Target Audience of the Global Air Suspension System Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Air Suspension System Market, by Technology, 2019-2027 (USD Billion)
1.2.2. Air Suspension System Market, by Component, 2019-2027 (USD Billion)
1.2.3. Air Suspension System Market, by Vehicle Type, 2019-2027 (USD Billion)
1.2.4. Air Suspension System Market, by Distribution, 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Air Suspension System Market Definition and Scope
2.1. The objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Air Suspension System Market Dynamics
3.1. Air Suspension System Market Impact Analysis (2019-2027)
3.1.1. Market Drivers The surge in global commercial vehicle Growing demand for premium vehicles
3.1.2. Market Challenges High set-up and maintenance cost
3.1.3. Market Opportunities Increasing demand for spare parts Technologies advancement
Chapter 4. Global Air Suspension System Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. The threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Air Suspension System Market by Technology
5.1. Market Snapshot
5.2. Global Air Suspension System Market by Technology, Performance – Potential Analysis
5.3. Global Air Suspension System Market estimates & Forecasts by Technology 2018-2027 (USD Billion)
5.4. Air Suspension System Market, Sub Segment Analysis
5.4.1. Electronic Controlled
5.4.2. Non-Electronic Controlled
Chapter 6. Global Air Suspension System Market by Component
6.1. Market Snapshot
6.2. Global Air Suspension System Market by Component, Performance – Potential Analysis
6.3. Global Air Suspension System Market estimates & Forecasts by Component 2018-2027 (USD Billion)
6.4. Air Suspension System Market, Sub Segment Analysis
6.4.1. Air Spring
6.4.2. Tank
6.4.3. Solenoid Valve
6.4.4. Shock Absorber
6.4.5. Air Compressor
6.4.6. Electronic Control Unit (ECU)
6.4.7. Height & Pressure Sensor
6.4.8. Others
Chapter 7. Global Air Suspension System Market by Vehicle Type
7.1. Market Snapshot
7.2. Global Air Suspension System Market by Vehicle Type, Performance – Potential Analysis
7.3. Global Air Suspension System Market estimates & Forecasts by Vehicle Type 2018-2027 (USD Billion)
7.4. Air Suspension System Market, Sub Segment Analysis
7.4.1. Light-duty Vehicle
7.4.2. Trucks
7.4.3. Buses
7.4.4. Semi-Trailers
7.4.5. Others
Chapter 8. Global Air Suspension System Market by Distribution
8.1. Market Snapshot
8.2. Global Air Suspension System Market by Distribution, Performance – Potential Analysis
8.3. Global Air Suspension System Market estimates & Forecasts by Distribution 2018-2027 (USD Billion)
8.4. Air Suspension System Market, Sub Segment Analysis
8.4.1. Original Equipment Manufacturer (OEM)
8.4.2. After-Market Sale
Chapter 9. Global Air Suspension System Market, Regional Analysis
9.1. Air Suspension System Market, Regional Market Snapshot
9.2. North America Air Suspension System Market
9.2.1. U.S. Air Suspension System Market Technology breakdown estimates & forecasts, 2018-2027 Component breakdown estimates & forecasts, 2018- Vehicle Type breakdown estimates & forecasts, 2018-2027 Distribution breakdown estimates & forecasts, 2018-2027
9.2.2. Canada Air Suspension System Market
9.3. Europe Air Suspension System Market Snapshot
9.3.1. U.K. Air Suspension System Market
9.3.2. Germany Air Suspension System Market
9.3.3. France Air Suspension System Market
9.3.4. Spain Air Suspension System Market
9.3.5. Italy Air Suspension System Market
9.3.6. Rest of Europe Air Suspension System Market
9.4. Asia-Pacific Air Suspension System Market Snapshot
9.4.1. China Air Suspension System Market
9.4.2. India Air Suspension System Market
9.4.3. Japan Air Suspension System Market
9.4.4. Australia Air Suspension System Market
9.4.5. South Korea Air Suspension System Market
9.4.6. Rest of Asia Pacific Air Suspension System Market
9.5. Latin America Air Suspension System Market Snapshot
9.5.1. Brazil Air Suspension System Market
9.5.2. Mexico Air Suspension System Market
9.6. Rest of The World Air Suspension System Market

Chapter 10. Competitive Intelligence
10.1.1. Top Market Strategies
10.2. Company Profiles
10.2.1. Continental Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
10.2.2. ThyssenKrupp AG
10.2.3. Hitachi
10.2.4. Wabco
10.2.5. Firestone Industrial Product
10.2.6. Hendrikson
10.2.7. Mando Corporation
10.2.8. BWI Group
10.2.9. SAF Holland
10.2.10. Accuair Suspension
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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