DUBLIN--(BUSINESS WIRE)--The "Global Automotive Air Suspension System Market Size, Share, Development, Growth and Demand Forecast to 2022" report has been added to Research and Markets' offering.
The global automotive air suspension system market was valued at $4,963.6 million in 2015, and it is expected to grow at a CAGR of 7.6% during 2016 - 2022.
In 2015, Europe accounted for the largest share in the global automotive air suspension system market; whereas the market in Asia-Pacific is expected to grow at the fastest rate, during the forecast period. The growth of the market in the Asia-Pacific is driven by increasing disposable incomes of people and growing demand for fuel efficient vehicles.
North America was the second largest market for automotive air suspension system in 2015, owing to its increasing customer base and high disposable income of people in the region.
This has resulted in increased manufacturing activities by local automotive OEMs in the region, and supporting the growth of the automotive air suspension system market.
Air suspension in a vehicle is powered by an electric or engine driven air pump or compressor. Air is filled into the flexible bellows, usually made up of textile-reinforced rubber through the compressor pump.
For smooth and improved ride comfort and quality, air suspension is used in the automotive vehicles. In comparison to the conventional suspension, air suspension in automotive vehicle provides better ride quality and comfort.
Key Topics Covered:
1. Research Scope And Methodology
2. Executive Summary
3. Market Outlook
4. Global Automotive Air Suspension System Market Size And Forecast (2012-2022)
5. Global Automotive Air Suspension System Market, By Geography
6. Competitive Analysis
7. Company Profiles
- Continental Ag
- Hitachi, Ltd.
- Thyssenkrupp Ag
- Wabco Holdings Inc.
- Dunlop Systems And Components Ltd.
- Accuair Suspension
- Firestone Industrial Products
- Hendrickson International Corporation
- Beijing West Industries Co., Ltd.
For more information about this report visit https://www.researchandmarkets.com/research/bhqq68/global_automotive