Market Snapshot:
Electronic air suspension system is powered by electric source and offers smooth and shock-free ride experience. With growing demand for luxury and comfort, manufacturers are focusing on developing effective suspension system. With the integration of electronics, air spring pressure is controlled efficiently. Also, there is a growing focus on fuel conservation. Owing to use of this system, aerodynamic drag can be reduced by lowering vehicle ride height, thus, an increased fuel efficiency.
Highlights from Electronic Air Suspension System Market Study
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The key Vendors profiled in the report are Continental [Germany], Hitachi [Japan], Dunlop [United Kingdom], ThyssenKrupp [Germany], Wabco [Belgium], ACCUAIR [United States], Continental [Germany], Hitachi [Japan], BWI Group [China] and Komman [China]. Additionally, other players that are part of this comprehensive study are Hendrickson International Corporation [United States], Air Lift Company [United States], VB-Airsuspension [Netherlands], Volvo [Sweden], Firestone Industrial Products [United States], Beijing West Industries Co., Ltd. [China], Mando Corporation [South Korea] and LORD Corporation [United States].
Geographic Breakdown and Segment Analysis
The Global Electronic Air Suspension System market presents a comprehensive analysis of the Electronic Air Suspension System market by product type (active . and adaptive systems.), by end-user/application (to provide a smooth, constant ride quality, but in some cases is used for sports suspension.), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Electronic Air Suspension System industry. Investors and Vendors can easily understand the inherent opportunities and challenges for their products in the geographical region of interest.
For instance, while the holds majority of market share of the Electronic Air Suspension System market
Analyst at AMA have segmented the market study of Global Electronic Air Suspension System market by Type, Application and Region.
Electronic Air Suspension System Market Dynamics:
Attributes | Details |
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Growth Drivers | - Growing Demand for Luxury and Comfort Across Automobiles
- Increasing Sales of Automotive Fueled by Growing Disposable Income in emerging Countries
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Influencing Trends | - Growing Inclination Towards Premium Cars With Added Safety and Comfort Features
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Restraints | - Risk Associated with Component Failure
- High Cost Involved in Development of Air Suspension
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Gaps & Opportunities | - Growing Demand for Light Weight Suspension Systems
- Increasing Production of Electric and Hybrid Vehicles
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Market Developments Activities:
In Oct 2021 Continental , a German multinational automotive parts manufacturing company, has announced it will start offering the automotive aftermarket the same air suspension vibration dampers and compressors that it supplies to vehicle manufacturers.
In July, 2022, In order to harmonize brand presence for consumers, ContiTech premium air springs is excited to announce it will officially transition to the worldwide brand name Continental. The change to a stronger, well-known name better connects to Continental’s technology brand.
The market report lists the major players involved in the Electronic Air Suspension (EAS) System Market under the competitive landscape and company profile chapters.
Key Target Audience
Manufacturers of Electronic Air Suspension, Automotive OEMs, Raw Material Suppliers, Traders, Distributors and Suppliers, Industry Associations and Experts, Research Organizations and Consulting Companies, Research Institutes, Industry Associations, Market Research and Consulting firm and Others