AMA Research, a global market research and consulting organization, have released a new study titled "Air Suspension market - Global outlook to 2028". Industries constant focus on reducing the operational cost and increased attention on core business, and need to improve scalability are expected to shape the Global Air Suspension market to grow at a CAGR of %.
The Technology, such as Electronically Controlled Air Suspension System, is boosting the Air Suspension market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Vehicle Type, such as Passenger Cars, is boosting the Air Suspension market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Component, such as Air Springs, is boosting the Air Suspension market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
According to Analyst at AMA Research, the Global Air Suspension market will experience significant growth during the forecast period due to potential opportunities lying in the market such as . Some of the important driving forces are Growing Demand for Luxury Buses and Rising Demand for Luxury & Comfort. ??
Air suspension, a vehicle suspension type is powered by an electric or compressor or engine-driven air pump. The compressor drives the air into a flexible bellows, typically made from textile-reinforced rubber. The air pressure expands the bellows, & raises the chassis from the axle. Air suspension is used to provide a smooth as well as improved ride comfort & quality. The vehicle suspension driven by the compressor or by engine-driven air pump is called the air suspension. It is used in case of the conventional steel springs in the passenger cars as well as in huge & heavy vehicles including buses and trucks. The key purpose of air suspension is to offer a smooth and constant ride quality. Sometimes, it is also used for sports suspension. Growing demand for luxury buses, as well as rising demand for luxury & comfort are likely to drive growth of the global air suspension market.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Air Suspension market and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key trends (current and future) of the market