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Air Suspension - Global Market Trajectory & Analytics

  • ID: 4804468
  • Report
  • April 2021
  • Region: Global
  • 380 Pages
  • Global Industry Analysts, Inc
Global Air Suspension Market to Reach $6.1 Billion by 2027

Amid the COVID-19 crisis, the global market for Air Suspension estimated at US$4 Billion in the year 2020, is projected to reach a revised size of US$6.1 Billion by 2027, growing at a CAGR of 6.3% over the period 2020-2027. Passenger Cars, one of the segments analyzed in the report, is projected to record 6.9% CAGR and reach US$3.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Commercial Vehicles segment is readjusted to a revised 5.5% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1.1 Billion, While China is Forecast to Grow at 9.7% CAGR

The Air Suspension market in the U.S. is estimated at US$1.1 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$1.3 Billion by the year 2027 trailing a CAGR of 9.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.4% and 5.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4% CAGR.

Select Competitors (Total 44 Featured):
  • AccuAir Suspension
  • Bwi Group
  • Continental AG
  • Dunlop Systems & Components Limited
  • Firestone Industrial Products Company LLC
  • Hitachi Ltd.
  • Mando Corporation
  • ThyssenKrupp AG
  • WABCO Holdings Inc.
Frequently Asked Questions about the Global Market for Air Suspension

What is the estimated value of the Global Market for Air Suspension?

The Global Market for Air Suspension was estimated to be valued at $4.0 Billion in 2020.

What is the growth rate of the Global Market for Air Suspension?

The growth rate of the Global Market for Air Suspension is 6.2%, with an estimated value of $6.1 Billion by 2027.

What is the forecasted size of the Global Market for Air Suspension?

The Global Market for Air Suspension is estimated to be worth $6.1 Billion by 2027.
Note: Product cover images may vary from those shown

  • Influencer Market Insights
  • World Market Trajectories
  • Automotive Industry Outlook and Opportunities for Air Suspension Systems
  • Exhibit 1: World Production of Light Vehicles in Million Units for the Period 2015-2023
  • Global Commercial Vehicles Market Outlook
  • Impact of Covid-19 and a Looming Global Recession
  • Air Suspension: Pros and Cons
  • Technology Innovations in the Suspension Systems Market
  • Manufacturers Streamline Focus on Lightweight Materials to Reduce the Weight of Suspension Systems
  • Integrated System to Gain Pace in Future
  • Manufacturers Center Efforts on the Development of Advanced Suspension Systems
  • Air Suspension Systems Gain Penetration in Premium Passenger Cars
  • Demand for Luxury Cars Augments Growth Prospects
  • Growth in Off-Road Vehicles (ORVs) Market to Boost Sales
  • Air Suspension Systems Add to the Comfort in Electric Vehicles and Hybrid EVs
  • Rise in Adoption of ECAS in Chinese Trucks
  • Indian Buses Move Towards Air Suspension Technology
  • Total Companies Profiled: 44
Note: Product cover images may vary from those shown