Air Suspension Systems Market Size is expected to reach at

TOKYO, Dec. 25, 2022 (GLOBE NEWSWIRE) — The Global Air Suspension Systems Market The size is estimated at 6,142 Million USD in 2021 and is estimated to reach a market size of 9,326 Million USD by 2030 growing at a CAGR of 4.9% from 2022 to 2030.

Air Suspension Systems Market Statistics

• The global air suspension systems market revenue was 6,142 million USD in 2021, with a CAGR of 4.9% from 2022 to 2030.
• European air suspension systems market share to increase to 33.8% in 2021
• Asia-Pacific air suspension systems market growth is expected to expand at a CAGR of 5.5% from 2022 to 2030.
• In terms of technology, the non-electronic controlled category will account for 62.1% of the total market in 2021.
• The growth in sales of global commercial vehicles is driving the market value of air suspension systems

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Air Handling Systems Market Report:

Air Suspension Systems Market Overview

An automotive air suspension system is a type of vehicle suspension system that uses an air compressor or generator to inject air into flexible tubes made of textile reinforced elastomer. It is used in automobiles to provide comfort to the driver while traveling. Air suspension is typically used for motorsports suspension, but it also has the potential to provide comfortable, consistent comfort. Unlike raising and lowering capacities, modern computerized systems in cars and light trucks almost always offer self-leveling functionality. Air suspension on trailers and trucks improves handling because it increases handling and a level of overall chassis stability.

Air Suspension Systems Market Trends

The global air suspension system market is driven by the growing importance of enhancing driving comfort, which has focused on luxury vehicles equipped with air suspension systems, and improved safety control mechanisms, which have forced manufacturers to develop advanced suspension systems. develop technologically. Air suspension systems are a type of suspension frame that helps the car roll using air springs (air bags) as an alternative to traditional springs or metal springs. By leveling the suspension, air suspension systems increase the flexibility of the load. In addition, they reduce vibration and noise. There are many prospects for new businesses to create new assembly plants in developing economies such as India, Japan, and Brazil, where the barrier to entry is very low and is expected to create opportunities in the coming years.

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Air Suspension Systems Market Segmentation

The global air suspension systems market has been segmented by research and consultancy on the basis of components, technology and application. By components, the part is divided into electronic control unit, solenoid valve, air compressor, shock absorber, height and pressure sensors, air spring and others. According to the air suspension systems market forecast, the air compressors category is expected to grow significantly in the coming years.

In terms of technology, markets are electronically controlled, and non-electronically controlled. The market for electrically operated air conditioning systems is considered to have the most promising growth prospects. Obviously the air suspension is moving from non-electronic control to electronic control. This can be attributed to the visible benefits of the system, such as improving the level of the vehicle and reducing the use of air. As a result of this, there is a significant reduction in vibration, which provides more comfort during travel. Electronically regulated air suspension provides reliability, excellent road holding, and weight load adjustment. Electrically operated air suspension systems provide additional driving comfort in addition to an increased level of safety.

Furthermore, the market is segmented on the basis of application into commercial vehicles, and passenger cars. The commercial vehicle segment is expected to hold the largest market share of the air suspension market in terms of both value and volume. Air suspension is primarily limited to the luxury trim of the LCV’s Manufacturer segment due to its emphasis on comfort and luxury. When it comes to air suspension in the LCV Manufacturing category, developed economies have a wide reach, and this call is expanding in emerging countries, making the commercial vehicle segment the largest segment of the market.

Regional Overview of Air Suspension Systems Market

On the basis of region, the global air suspension systems market is segmented into Asia Pacific, Europe, North America, Middle East and Africa, and Latin America. According to an analysis of the air suspension systems industry, the Asia-Pacific market is expected to develop at the fastest CAGR during the forecast period. This growth is due to the country’s large population, emerging economic conditions, and increased foreign trade. Additionally, manufacturers are expanding their operations in other major Asia-Pacific countries such as India and Vietnam, where the market share is low but expected to grow rapidly during the forecast period. North America is next, holding a significant market share for air suspension systems due to the region’s extensive use of these systems for both commercial and recreational use. Europe is the third largest economy for air suspension systems. The tourism trade is driving the expansion of the air suspension systems market in the region.

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Air Suspension Systems Market Players

Some of the air suspension systems market companies are Thyssenkrupp Bilstein GmbH, Continental AG, Hitachi Automotive Systems Americas, Inc., WABCO Holdings, Inc., Drive-Rite Ltd, BWI Group, ZF Friedrichshafen AG, Dunlop Systems and Components, Firestone Industrial. Products Company LLC, and AB Volvo.

Questions answered by this report

• What will be the market size of Air Suspension Systems Market in 2021?
• What will be the CAGR of Air Suspension Systems Market during the forecast period from 2022 to 2030?
• Who are the main market players in the Global Air Handling Systems Market?
• Which region accounted for the largest share of the Air Suspension Systems Market in 2021?
• What are the key market drivers of Air Suspension Systems Market?
• Who are the largest end user of Air Suspension Systems Market?
• What will the Air Handling Systems Market be worth in 2030?

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