openPR Logo
Press release

Air Suspension Systems Market

07-30-2018 08:18 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Future Market Insights

Air suspension systems are extensively used in heavy duty vehicles where they utilize pressure from compressed air for the vehicle’s braking system. As a result, the global air suspension systems market is expected to witness significant growth in 2018, reaching a market value of US$ 4,613.3 Mn at a Y-o-Y growth rate of 6.0% as compared to 2017. Furthermore, the global demand for air suspension systems will also be influenced by the rising trend to use air suspension systems in various commercial vehicles across the globe.

A sample of this report is available upon request @  https://www.futuremarketinsights.com/reports/sample/rep-gb-2857

Air Suspension Systems Market: Dynamics

In the recent past, China initiated the production of electric buses against the backdrop of government initiatives for greener means of public transport. Importantly, OEMs involved in bus manufacturing are equipping their buses with air suspensions, thereby proliferating the demand for air suspension systems in the OEM segment. Moreover, heavy trucks and trailers find a wide range of applications in construction, logistic and e-commerce industries, where they are used to make tasks, such as transportation of machinery, equipment, goods and raw materials, easier. The growing e-commerce industry output is expected to be one of the most significant drivers for the sale of commercial vehicles and will, in turn, fuel the growth of the air suspension systems market. Growing urbanization has resulted in new construction activities, which is expected to further boost the demand for trailers in buildings and construction tasks. However, the prevalence of leaf springs as vehicle suspension will affect the air suspension systems market, especially the aftermarket.

Air Suspension Systems Market: Segmental Analysis

Based on the vehicle type, the air suspension systems market can be segmented into trailers, heavy trucks and buses & coaches. Importantly, heavy trucks will continue their dominance in terms of the global volume share and are expected to account for approximately a 48.9% share by the end of 2028. Based on sales channel, the OEM segment of the air suspension systems market is expected to remain dominant and account for US$ 7,665.8 Mn in terms of revenue by 2028 end. However, the demand for air suspension systems from the aftermarket segment is expected to grow at a CAGR of 6.8%, with component sales at the forefront. In 2017, Western Europe was the most attractive region for the growth of the global air suspension systems market and will likely hold more than 32.8% of the global market share. Further, the increase in road regulations in the U.S. and Western Europe countries will drive the demand for air suspension systems. In order to enhance the productivity of commercial vehicles and improve fuel economy, the adoption of air suspension systems has become inevitable.

To view TOC of this report is available upon request @ https://www.futuremarketinsights.com/askus/rep-gb-2857

Air Suspension Systems Market: Key Players

The increasing need for air suspension systems has influenced prominent manufacturers to expand their business through international distributors and partnerships with suppliers and aftermarket players. SAF-Holland S.A., Hendrickson USA LLC, BPW Transpec Pty Ltd., TMC Australia Pty. Ltd., Guangzhou TND Axle Co. Ltd., Meritor Inc., Wabco Holdings and VDL Weweler-Colaert are some of the key players in the global air suspension systems market. In the report, component manufacturers are also profiled.

About Us
Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India. FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers

Contact Us
U.S. Office
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
Email: sales@futuremarketinsights.com
Web: https://www.futuremarketinsights.com/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Air Suspension Systems Market here

News-ID: 1151458 • Views: 1228

More Releases from Future Market Insights

Car Seat and Accessories Market is Further Forecast to grow at a CAGR of 4.5 Dur …
The demand for vehicle seats and accessories is projected to be around US$ 5 billion in 2021 and US$ 5.3 billion in 2022. From 2022 to 2032, the market is anticipated to develop at a CAGR of 4.5 percent and reach a value of US$ 8.3 billion. An significant automotive sector with a strong product portfolio and established technology is credited with growth. Being an influential industry in the global market,
Natural Cosmetic Color Market
The global natural cosmetic color market is forecasted to register 5.01% CAGR during forecast period (2022-2032) & projected to reach US$ 68.46 Bn by 2032 Growth in the natural products industry has led to the increasing consumer interest towards natural ingredients in food, cosmetic, and personal care products. Natural cosmetic colors are usually made using pigments found in plants, vegetables, and fruits. Products such as beet, red cabbage, beta carotene, juice,
Wine Market is Set to Witness Rapid Growth at a CAGR of 5.5% Over the Forecast P …
The global wine market is set to witness growth at a CAGR of 5.5% over the forecast period (2022-2032) and top a valuation of US$ 632 Bn by 2032. Surging number of retail stores has improved accessibility of wine, allowing consumers to shape and design their home bars. Besides this, clubs have been gaining traction owing to the latest trend of personalization. Get More Insights From Report Sample@ https://www.futuremarketinsights.com/reports/sample/rep-gb-14246 Along with this, the increasing spending capacity of the growing
Cold Flow Improver Market - Forecast to Reach $1,544 Million in Sales by 2027 at …
While FMI in a recent intelligence report on cold flow improver market scenario offers an exhaustive market value and volume-wise evaluation through 2027, it thoroughly examines the regional and competitive outlook of the cold flow improver landscape for deeper yet precise insights. At an estimated year on year revenue growth of 4.6%, cold flow improver is likely to reach over a billion-dollar revenue in 2018, according to a new study presented

All 5 Releases