Title: Air Suspension Market - Industry Analysis, Market Size, Share, Trends,Application Analysis, Growth and Forecast 2021-2026
1Air Suspension Market Forecast, Demand Analysis,
Market Share, Market Report (2021-2026)
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- Air Suspension Market size is forecast to reach
8.6 billion by 2026, after growing at a CAGR of
3.8 during 2021-2026. The rise in technological
advancements such as the introduction of chassis
air suspension control, electronically controlled
air suspension system (ECAS), electronic air
suspension system (EASS) and non-electronically
controlled air suspension system that is fueling
the air suspension market in recent years. - Additionally, the usage of air suspension system
as an air-operated, microprocessor-controlled
suspension system along with shock absorbers and
solenoid valves for replacement of conventional
coil spring suspension is also further fueling
the air suspension industry in automotive.
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- Key Takeaways
- Europe dominates the air suspension market owing
to increasing adoption of electronically
controlled air suspension across all the vehicle
types - The growing advancement in air supply modules and
associated control technologies by vehicle
manufacturers are leading to the introduction of
electronically and non-electronically controlled
air suspension system in automotive. These
technologies are highly gaining popularity and is
likely to aid in the market growth of air
suspension. - Growing adoption of ECAS technology in light-duty
vehicles for enhancing benefits such as
automatically adjusting damper.
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By Distribution Channel- Segment
Analysis Electronic Control Module segment held
the largest share in the air suspension market in
2020 with 21.3. Increasing demand for
electronically controlled air suspension
technology for luxury vehicles is leading to the
rising demand for electronic control module. The
increasing usage of this electronic enabled
component such as solenoid valves, lines and so
on are commonly being used for electronically-cont
rolled systems, in order to fill and vent each
airbag and the usage, are increasing, as it can
be adjusted in different conditions. This
increasing use of lines, solenoid valves are
enhancing the electronic module segment.
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- Air Suspension Market Industry Outlook
- Continental
- ThyssenKrupp
- Firestone Industrial Products
- Hitachi Ltd
- SAF-Holland
- Hendrickson International Corporation
- Accuair Suspension
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Automotive Motors Market - Forecast(2021 -
2026) Learn More About the Report _at_
https//www.industryarc.com/Research/Air-Suspensi
on-Market-Research-501142
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- Analyst Briefing
- Data Tables
- Key Contacts
- Free Customization
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