Press release
Passenger Car Air Suspension Market Size, Share, Development by 2023
Air suspension is a type of vehicle suspension powered by an electric or engine-driven air pump or compressor. This compressor pumps the air into a flexible bellows, usually made from textile-reinforced rubber. The air pressure inflates the bellows, and raises the chassis from the axle. Passenger car air suspension is that air suspension used in place of passenger car.
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Global Passenger Car Air Suspension Market: Forecast by Type / Application / Region
An air suspension system in a passenger car is installed in order to have enhanced riding comfort as well as driving safety. Passenger cars that have an air suspension system installed can quickly and easily align themselves to the corresponding conditions of the terrain which they are currently driven on.
In the early 30s last century, American Firestone tire company firstly applied air suspension in car industry. In 1944 General motor company cooperated with Firestone Company on air suspension application in passenger car for first trial. The trial result showed air suspension system had inherent superiority.
Luxury passenger cars such as Mercedes-Benz, Audi, and BMW are increasingly demanded from regions such as Germany and China. The Americas also contribute significantly to the market segment, with the number of passenger cars equipped with air suspension expected to hit 0.81 million units by 2022 with the CAGR of 7.5% from 2017-2022. Market growth is primarily driven by growing concern for comfort and luxury.
Over the next five years, LPI(LP Information) projects that Passenger Car Air Suspension will register a 4.2% CAGR in terms of revenue, reach US$ 1040 million by 2023, from US$ 810 million in 2017.
Global Passenger Car Air Suspension Market: Key Players
Continental
Wabco
Firestone
ThyssenKrupp Bilstein
Hitachi
Dunlop
BWI Group
Accuair Suspension
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Related Information:
United States Passenger Car Air Suspension Market Research Report 2018
Europe Passenger Car Air Suspension Market Research Report 2018
North America Passenger Car Air Suspension Market Research Report 2018
Asia-Pacific Passenger Car Air Suspension Market Research Report 2018
China Passenger Car Air Suspension Market Research Report 2018
EMEA Passenger Car Air Suspension Market Research Report 2018
Global Passenger Car Air Suspension Market Research Report 2018
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