Air Suspension Market Grow With CAGR Of 6.9%. Report 2020-2026 Focuses On Top Companies, Region And Opportunities

A report published by Allied Market Research reveals that the global air suspension market is estimated to grow with a CAGR of 6.50% from 2019 to 2026. The increase in demand for premium and luxury vehicles and a surge in commercial vehicle sales, globally, are some of the factors driving the growth of the market. Earlier, the vehicle manufacturing companies used to provide options for air suspensions to be fitted in the vehicles. However, nowadays almost every vehicle comes with an inbuilt air suspension system.

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Buying a new car, along with excitement, brings a lot of thoughts as well. The searches for the latest options, newest models, accessories, insurance, and various other functionalities aim only for a smooth and comfortable ride. Moreover, air suspension plays an important role while selecting a car for such a drive. The air suspension system comforts the driver and offers fluent ride throughout the rough roads, and bumps.

Other than cars, the high-end advancements in the air suspension system have also benefitted the huge load-carrying vehicles. The air suspension system has improved the fuel economy and reduced vibrations in lorry and trailers. In addition, air suspensions provide better handling for such heavy loaded trucks and trollies, improves safety, and lessens the damage to the road surface. Furthermore, with flexible suspension setup, trailers can be used for a variety of loads including the delicate ones. On the other hand, it levels up highly distributed loads as well. These factors have positively affected the market growth.

Recently, Mercedes-Benz India declared to launch the 2020 GLE SUV in January 2020. The car follows an AIRMATIC air suspension system. The system contains adjustable air springs and an Adaptive Damping System (ADS). The ADS improves handling during instant adjustments. Both the AIRMATIC and ADS work together to offer improved performance and comfort. In addition, while air springs adjust to the road surface moving up and down, the AIRMATIC suspension system increases or decreases the air to lessen the effects of bumps on the passengers or driver.

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On the other notation, the new SUV Cayenne Coupe introduced by Porsche recently has an inbuilt adaptive air suspension system with Porsche Active Suspension Management (PASM). The adaptive air suspension system offers a constant vehicle position including self-leveling and ride-height control. Other than this, the suspension systems also offer adjustments for ground clearance and loading levels. On the other hand, PASM, an electronic damping control system adjusts the damping force on the wheels accordingly to the road conditions. Furthermore, it offers three modes including SPORT, SPORT PLUS, and comfort. On the other hand, the control unit improves the driving conditions and adjusts the damping force on wheels based on the selected mode. This improves stability, comfort, and performance while driving.

The air suspension system plays an important role to make the vehicle superior. It increases comfort and improves the riding experience. In addition, the technological and electronic advancements have improved air suspension systems to be precise for different vehicles. Furthermore, an air suspension system makes towing easier, provides tuning instantaneously, and adjusts handling in varied situations. These factors are responsible for the growth of the market. On the other hand, other technological advancements and lightweight air suspension systems are expected to propel the growth, in the coming years.

The major companies profiled in the report include Hendrickson International Corporation, Wabco Holdings Inc., BWI Group, Continental AG, Mando Corporation, Accuair Suspension, ThyssenKrupp AG, Hitachi Ltd., VDL Groep, and Dunlop Systems and Components. These players have adopted different strategies such as expansion and new product development to gain significant Air Suspension Market share.

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