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The increasing sales and production of commercial vehicles have a direct impact on the market of commercial vehicle suspension system. The rising amount of freight and the increasing amount of manufacturing operations in developing countries are driving sales for commercial vehicles during our forecast period. The increasing volume of freight, freight operators are investing in newer vehicles during our forecast period. This will drive the demand for additional commercial vehicle suspension systems. Increasing demand for public transportation vehicles is fueling the production of commercial trucks and minibuses. This will also drive the production of additional units of commercial vehicle suspension. The market research analysts forecast the commercial vehicle suspension system market to grow at a CAGR of around 5% by 2022.
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Market Overview
Rising sales of commercial vehicles
Th rising sales of commercial vehicles will drive the confidence of vehicle users to introduce newer models of trucks with advanced technological features during our forecast period. A suspension system is an important feature that determines the vehicle handling features and quality of the ride.
Increased cost of replacement
Replacement of commercial vehicle suspension system incurs a considerable amount of cost that may discourage a buyer from purchasing a vehicle. Increasing number of electronic parts within a commercial vehicle air suspension system will increase the complexity of repair, thereby increasing the cost of repair.
For the detailed list of factors that will drive and challenge the growth of the commercial vehicles suspension systems market during the 2018-2022, view this report.
Competitive Landscape
The commercial vehicles suspension systems market is fragmented owing to the presence of several established and regional vendors. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
Table of Contents
PART 01: EXECUTIVE SUMMARYPART 02: SCOPE OF THE REPORTPART 03: RESEARCH METHODOLOGYPART 08: CUSTOMER LANDSCAPEPART 10: DECISION FRAMEWORK
PART 04: MARKET LANDSCAPE
PART 05: MARKET SIZING
PART 06: FIVE FORCES ANALYSIS
PART 07: MARKET SEGMENTATION BY APPLICATION
PART 09: REGIONAL LANDSCAPE
PART 11: DRIVERS AND CHALLENGES
PART 12: MARKET TRENDS
PART 13: VENDOR LANDSCAPE
PART 14: VENDOR ANALYSIS
PART 15: APPENDIX
List of Exhibits
Executive Summary
Global Commercial Vehicle Suspension System Market 2018-2022The analyst recognizes the following companies as the key players in the global commercial vehicle suspension system market: Continental, Hendrickson USA, Tenneco, thyssenkrupp, WABCO, ZF Friedrichshafen.
Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the integration of carbon fibers in commercial vehicle suspension system components.”
According to the report, one of the major drivers for this market is the rising amount of freight and the increasing amount of manufacturing operations in developing countries are driving the sales of commercial vehicles.
Further, the report states that one of the major factors hindering the growth of this market is the increased production cost of air suspension systems for commercial vehicle.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned
A selection of companies mentioned in this report includes:
- Continental
- Hendrickson USA
- Tenneco
- thyssenkrupp
- WABCO
- ZF Friedrichshafen