The future of the global air suspension market looks promising with opportunities in the light commercial vehicle, trucks, and bus markets. The global air suspension market is expected to reach an estimated $6.9 billion by 2030 with a CAGR of 4% from 2024 to 2030. The major drivers for this market are growing adoption of this system in luxury and premium vehicles and increasing awareness towards vehicle comfort and safety.
Some of the key questions
answered in this exclusive report are:
Q.1. What are some of
the most promising, high-growth opportunities for the air suspension market by
vehicle type (light commercial vehicle (LCV), trucks, and bus), component (air
spring, tank, solenoid valve, shock absorber, air compressor, electronic
control unit (ECU), height & pressure sensor, and others), technology
(electronic controlled and non-electronic controlled), and region (North
America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will
grow at a faster pace and why?
Q.3. Which region will
grow at a faster pace and why?
Q.4. What are the key
factors affecting market dynamics? What are the key challenges and business
risks in this market?
Q.5. What are the
business risks and competitive threats in this market?
Q.6. What are the
emerging trends in this market and the reasons behind them?
Q.7. What are some of
the changing demands of customers in the market?
Q.8. What are the new
developments in the market? Which companies are leading these developments?
Q.9. Who are the major
players in this market? What strategic initiatives are key players pursuing for
business growth?
Q.10. What are some of
the competing products in this market and how big of a threat do they pose for loss
of market share by material or product substitution?
Q.11. What M&A
activity has occurred in the last 5 years and what has its impact been on the
industry?
Market Segmentation:
In this market,
electronic controlled and non-electronic controlled are the major segments of
air suspension market by technology. Lucintel forecasts that electronic
controlled is expected to witness highest growth over the forecast period. Within
this market, truck is expected to witness highest growth over the forecast
period.
APAC is expected to
witness highest growth over the forecast period due to growing demand for
luxury vehicles in the region.
ZF Friedrichshafen,
Continental, Thyssenkrupp, Meritor, and SAF Holland are the major suppliers in
the air suspension market.
About
Lucintel
Lucintel, the premier global
management consulting and market research firm, creates winning strategies for
growth. It offers market assessments, competitive analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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