Air Suspension Market is poised to grow substantially till 2025

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Air Suspension Market is set to see healthy CAGR
during 2018 to 2024 Global Market Insights, Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Regional Analysis of Air Suspension Market

• Europe is expected to register significant market
  share owing to the consumer preferences towards
  premium vehicles across the region. Presence of
  multiple automobile OEMs with product portfolio
  consisting of luxury and sports vehicles will
  further propel the industry growth. For instance,
  in 2018, Lamborghini launched its Urus SUV with
  air suspension and active damper technologies.
  Asia Pacific will account for a considerable
  share owing to rising demand for buses for long
  haul travel along with rising commercial vehicle
  production across the region.

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• Application Analysis of Air Suspension Market
• Based on component, the electronic control unit
  segment will witness significant growth owing to
  the high preference for such devices for improved
  product performance. The ECU operates as a vital
  component in the electronically controlled air
  suspension system (ECASS), ensuring enhanced
  vehicle control and improved vibration
  absorption. Air spring will account for a
  considerable share owing to the product
  replacement required for over-extended springs.
  Unrestrained downward travel of the axle results
  in over-extension of air springs, further
  boosting the segment share.
• Based on technology, the electronically
  controlled air suspension is expected to register
  considerable growth owing to the increasing
  consumer preference towards vehicles with
  convenient suspension operations. ECAS offers
  reduced vibration and air consumption providing
  comfortable ride, thereby supporting the segment
  growth. Higher stability, adaptability to varying
  loads and optimum road grip will further expand
  the air suspension market size over the projected
  timeframe.

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Competitive Market Share of Air Suspension
Market

• Industry players are continuously investing in
  RD for developing innovative products to improve
  the overall driving experience. For instance, in
  April 2019, Hyundai Mobis Co announced the
  development of new air suspension technology
  featuring automatic suspension adjustment for
  varying the vehicle height based on navigation
  system.
• Few of the major players in air suspension market
  share include ThyssenKrupp AG, Continental AG,
  Firestone Industrial Products, Wabco Holdings
  Inc, Hitachi Ltd, Hendrickson International
  Corporation, SAF-Holland and Accuair Suspension.

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Browse Full Market Research Report On Air
Suspension Market _at_ http//bit.ly/2Gqb7hJ Requ
est for an in-depth table of contents for this
report _at_ http//bit.ly/2Oa2Q80 Console Market

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