Global Air Suspension Market: Emerging Trends, Major Key Players Continental AG (Germany) and ThyssenKrupp AG (Germany)

According to the report, The global Air Suspension market size is expected to reach $11.85 Billion by 2028 growing at the CAGR of 6.90% from 2021 to 2028. The major factor driving the growth of the Air Suspension market was the increased use of air suspension in commercial vehicles. With the rising air pollution and traffic congestion in developed countries, the governments are promoting fuel-efficient commercial vehicles with the use of air suspension systems. The government in India is promoting air suspension vehicles in the country by providing incentives on tax and the capital cost to the automakers.

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The latest research report published by Evolve Business Intelligence examines the impacts of numerous market aspects on the global AIR SUSPENSION industry including a look at the current market size and forecasts for key segments and regions, the driving forces behind the market, the probable effects from key trends, how all these will affect the business plan, SWOT analysis of critical sectors for each of the key competitors, customers and more! Providing valuable data about conglomerations that are most likely going to have an impact on this industry is essential to any company who plans to properly invest for next 5 years. These findings supplement our initial quantitative study in order to facilitate any new investments or planning traits against threats in existing sectors through a strategic business plan.

Impact of COVID-19

The on-going COVID-19 pandemic has had a significant impact on the industry. Several financial impacts and disruptions have been felt over a long period of time. Our research has interviewed numerous delegates from this industry, across geographical markets to collect information that is helpful for addressing potential challenges the COVID-19 pandemic may cause going forward.
In terms of COVID 19 impact, the Air Suspension market report also includes the following data points:
• Impact of COVID-19
• Government Aids and Policies for Industry Revival
• Companies Recent Developments to Tackle Negative Impact
• Opportunity Window & Post COVID Trend

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Key Players
Some of the major Air Suspension players holding highest market share include Continental AG (Germany), ThyssenKrupp AG (Germany), Firestone Industrial Products (US) and Hitachi Ltd. (Japan). These players use new product development as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:
● Continental AG (Germany)
● ThyssenKrupp AG (Germany)
● Firestone Industrial Products (US)
● Hitachi Ltd. (Japan)
● Wabco Holdings Inc. (Belgium)
● SAF-Holland (Germany)
● Hendrickson International Corporation (US)
● Accuair Suspension (US)
● Mando Corporation (South Korea)

Segmental Analysis

Market Segment By Vehicle Type with focus on market share, consumption trend, and growth rate of AIR SUSPENSION Market:
o LDV
o Truck
o Bus

Market Segment By Component with focus on market share, consumption trend, and growth rate of AIR SUSPENSION Market:
o Air Spring
o Shock Absorber
o Compressor
o ECU
o Tank
o Solenoid Valve
o Height & Pressure Sensor

Market Segment By Technology with a focus on market share, consumption trend, and growth rate of AIR SUSPENSION Market:
o Electronic
o Non-Electronic

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Global Air Suspension Geographic Coverage:
• North America
o US
o Canada

• Europe
o UK
o Germany
o France
o Italy
o Spain
o Rest of Europe

• Asia Pacific
o China
o Japan
o India
o South Korea
o Indonesia
o Malaysia
o Rest of Asia Pacific

• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America

• Middle East & Africa
o Saudi Arabia
o UAE
o Egypt
o South Africa
o Rest of MEA

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