Press release
Air Suspension Market to Reach USD 9.22 Billion by 2026, Growing at a CAGR of 6.50% from 2019-2026
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ : https://www.alliedmarketresearch.com/request-sample/5586
Rise in global commercial vehicle sales and surge in demand for premium and luxury vehicles drive the growth of the global air suspension market. However, high development and adoption cost of air suspension hamper the market. Nevertheless, increase in demand for the lightweight air suspension system and upsurge in rising aftermarket demand for air suspension and related components are anticipated to usher lucrative opportunities in the near future.
The air suspension market is segmented on the basis of vehicle type, component, technology, sales channel, and region. Based on technology, the non-electronic segment dominated the market with largest share in 2018, accounting for more than four-fifths of the market. However, the electronic segment is anticipated to portray the fastest CAGR of 7.5% during the forecast period.
The truck segment held the largest market share in 2018, with more than one-third of the global air suspension market. The segment is expected to lead the market throughout the forecast period. In addition, the segment is projected to register the fastest growing CAGR of 6.8% during in between 2019 to 2026.
The global air suspension market is studied across Asia-Pacific, Europe, LAMEA, and North America. The Asia-Pacific region held the largest share in 2018, with more than one-third of the market. In addition, the region is expected to showcase the fastest CAGR of 6.9% throughout the forecast period.
๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ : https://www.alliedmarketresearch.com/air-suspension-market/purchase-options
๐๐๐๐๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ :
Continental,
ThyssenKrupp AG,
Hitachi,
Wabco,
Firestone Industrial Products,
Hendrickson,
Mando Corporation,
BWI Group,
SAF-Holland,
Accuair Suspension.
๐๐ฒ ๐๐จ๐ฆ๐ฉ๐จ๐ง๐๐ง๐ญ :
Air Spring
Tank
Solenoid Valve
Shock Absorber
Air Compressor
Electronic Control Unit (ECU)
Height & Pressure Sensor
Others
๐๐ฒ ๐๐๐ก๐ข๐๐ฅ๐ ๐๐ฒ๐ฉ๐ :
Light Commercial Vehicle (LCV)
TRUCKS
BUS
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ : https://www.alliedmarketresearch.com/purchase-enquiry/5586
๐๐จ๐ฏ๐ข๐-๐๐ ๐๐๐๐ง๐๐ซ๐ข๐จ :
The outbreak of covid-19 has impacted the market negatively. The manufacturing processes and supply chain demand has been disrupted due to the prolonged lockdown.
However, the situations in various regions are getting better than before, which in turn is expected to aid the industry to recoup soon.
๐๐จ๐ง๐ญ๐๐๐ญ :
David Correa
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help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com
๐๐๐จ๐ฎ๐ญ ๐ฎ๐ฌ :
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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