Dublin, Aug. 30, 2021 (GLOBE NEWSWIRE) -- The "Global Electronic Air Suspension System Market (2021-2026) by Type, Application, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.
The Global Electronic Air Suspension System Market is estimated to be USD 5.82 Bn in 2021 and is expected to reach USD 8.61 Bn by 2026, growing at a CAGR of 8.15%.
Market Dynamics
The global electronic air suspension system is primarily driven by the rising demand for luxury cars and buses for long-distance journeys and significant comfort. Electronic air suspension systems in racing cars and system benefits such as optimum road grip, heavy load capacity, reduced air suspension, and various ride quality control options are escalating the demand of the market.
However, the high cost of the system and government recognition for safety are hindering the market's growth. Automobile manufacturing companies require safety and sales approvals from organizations such as IIHS, NCAP and ICAT.
The increasing electronic air suspension system innovations to provide passenger comfort and minimize cargo damage offer market growth opportunities during the forecast period.
Market Segmentation
- By Type, the market is classified as OEM and aftermarket. Amongst the two, the OEM segment is estimated to hold the highest market share.
- By Application, the market is classified as passenger vehicle, motorcycle and commercial vehicle. Amongst the all, the passenger vehicle segment is estimated to hold the highest market share.
- By Geography, Europe is projected to lead the market.
Recent Developments
- Link Mfg acquires Hadley Products Corp valve and suspension control lines. Hardley's SmartValve electronic height control system was one of the product gained by Link - 9th March 2021
- Arnott acquired AccuAir, Control system suspension company to expand its air-suspension product line. - 22st October 2020
Company Profiles
Some of the companies covered in this report Air Lift Company, Arnott Industries, BWI Group, Continental AG, etc
Key Topics Covered:
1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Shareholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.3 Market Size Estimation
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
4 Market Overview
4.1 Introduction
4.2 Market Dynamics
4.2.1 Drivers
4.2.1.1 Rising sales of premium vehicles
4.2.1.2 Add-on benefits of the system
4.2.2 Restraints
4.2.2.1 High investment and maintenance cost
4.2.3 Opportunities
4.2.3.1 Innovating technology advancements
4.2.3.2 Market players' investment in market expansion
4.2.4 Challenges
4.2.4.1 Stringent government regulations
4.3 Trends
5 Market Analysis
5.1 Porter's Five Forces Analysis
5.2 Impact of COVID-19
5.3 Ansoff Matrix Analysis
6 Global Electronic Air Suspension System Market, By Type
6.1 Introduction
6.2 OEM
6.3 Aftermarket
7 Global Electronic Air Suspension System Market, By Application
7.1 Introduction
7.2 Passenger Vehicle
7.3 Motorcycle
7.4 Commercial Vehicle
8 Global Electronic Air Suspension System Market, By Geography
8.1 Introduction
9 Competitive Landscape
9.1 Competitive Quadrant
9.2 Market Share Analysis
9.3 Competitive Scenario
9.3.1 Mergers & Acquisitions
9.3.2 Agreement, Collaborations, & Partnerships
9.3.3 New Product Launches & Enhancements
9.3.4 Investments & Fundings
10 Company Profiles
- Continental AG
- AccuAir Control Systems, L.L.C.
- Air Lift Company
- Arnott Industries
- BWI Group
- Continental AG
- DEPRAG Schulz GmbH u. Co
- Dunlop Systems & Components Ltd.
- Firestone Industrial Products Company, LLC
- Goodyear Rubber Products Inc.
- Hadley Inc.
- Hendrickson International Corporation
- Hitachi Ltd.
- Link Mfg
- Mando Corporation
- Tenneco Inc.
- VB-Airsuspension B.V.
- Wabco Holdings Inc
- Thyssenkrupp Bilstein
For more information about this report visit https://www.researchandmarkets.com/r/hrti41
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Global $8.61 Bn Electronic Air Suspension System Market to 2026 - GlobeNewswire
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