Insights on the Automotive Air Suspension Global Market to 2026 - Featuring Stemco, Continental and Arnott Industries Among Others - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Automotive Air Suspension Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.

The automotive air suspension market was valued at USD 6 billion in 2020, and it is expected to reach USD 9 billion by 2026, registering a CAGR of greater than 6% during the forecast period (2021-2026).

Companies Mentioned

• Airlift Company
• Dunlop Systems and Components
• Vibracoustics
• ZF Friedrichshafen AG
• Stemco
• Continental AG
• Arnott Industries
• Hendrickson International
• Mando Corporation
• Tenneco Inc

Key Market Trends

Electronically Controlled Air Suspension Anticipated to Dominate the Market

The electronically controlled air suspension system is essentially a computer-controlled system that can adjust the ride characteristics and performance of your vehicle. Unlike conventional air suspensions, an electronic suspension modifies the shocks and/or struts electronically to ensure a smooth ride.

Many luxury passenger cars are being released with electronically controlled air suspension, such as Audi A8, Mercedes S-Class, Porsche Cayenne, Land Rover Discovery, and Volkswagen Touareg, are some of many models. Moreover, automobile manufacturers need to obtain safety ratings from organizations such as IIHS, NCAP, and ICAT to access sales of vehicles in the air suspension market.

Thus, all these safety rules and regulations made by governments are anticipated to contribute to the growth of the market in the coming years. This, paired with raising commercial vehicles sales, is expected to boost the demand for the air suspension market during the forecasted period.

Europe Expected to Witness Significant Growth

Europe is projected to witness the fastest growth in the air suspension market during the forecast period due to its higher adoption rate of air suspension across all vehicle types compared with other regions such as North America and Asia Oceania. In the light-duty vehicle segment, OEMs such as BMW, Mercedes-Benz, Porsche, Audi, and Land Rover offer ECAS technology in select models to enhance benefits such as height-raising and lowering options.

In the commercial vehicles segment, air suspension has a higher installation rate in semi-trailers and multi-axle buses. Additionally, technology-driven suppliers such as Continental, ThyssenKrupp, and SAF-Holland are constantly making efforts to introduce the latest technology in the field of air suspension for light and heavy-duty vehicles. All these factors have resulted in the growth of the air suspension market in the region.

Moreover, the growing demand for electric vehicles in the region is expected to support the growth of the market during the forecast period. Growing technological advancements and consumers' interest in installing the latest technology products in their vehicles to have a quality ride are expected to drive the market in the region.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Drivers

4.2 Market Restraints

4.3 Industry Attractiveness - Porter's Five Force Analysis

5 MARKET SEGMENTATION

5.1 Control Type

5.1.1 Electronically Controlled Air Suspension

5.1.2 Non-electronically Controlled Air Suspension

5.2 Application Type

5.2.1 Commercial Vehicle

5.2.2 Passenger Cars

5.3 End User

5.3.1 OEM

5.3.2 Aftermarket

5.4 Geography

5.4.1 North America

5.4.1.1 United States

5.4.1.2 Canada

5.4.1.3 Rest of North America

5.4.2 Europe

5.4.2.1 Germany

5.4.2.2 United Kingdom

5.4.2.3 France

5.4.2.4 Italy

5.4.2.5 Rest of Europe

5.4.3 Asia-Pacific

5.4.3.1 India

5.4.3.2 China

5.4.3.3 Japan

5.4.3.4 South Korea

5.4.3.5 Rest of Asia-Pacific

5.4.4 Rest of the World

5.4.4.1 South America

5.4.4.2 Middle-East and Africa

6 COMPETITIVE LANDSCAPE

6.1 Vendor Market Share

6.2 Company Profiles

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/cdl7ic