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Global Electronic Air Suspension System Market (2021-2026) by Type, Application, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis

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    Report

  • 168 Pages
  • June 2021
  • Region: Global
  • Infogence Global Research
  • ID: 5410386
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

The Global Electronic Air Suspension System Market is segmented further based on Type, Application, and Geography.

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

1. 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
2. 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

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

  • The report offers a comprehensive evaluation of the Global Electronic Air Suspension System Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
The report includes in-depth market analysis using Porter’s 5 force model and the Ansoff Matrix. The impact of Covid-19 on the market is also featured in the report.
  • The report also contains the competitive analysis using Positioning Quadrants, the analyst’s Proprietary competitive positioning tool.

Report Highlights:

  • A complete analysis of the market, including parent industry
  • Important market dynamics and trends
  • Market segmentation
  • Historical, current, and projected size of the market based on value and volume
  • Market shares and strategies of key players
  • Recommendations to companies for strengthening their foothold in the market
Frequently Asked Questions about the Global Electronic Air Suspension System Market

What is the estimated value of the Global Electronic Air Suspension System Market?

The Global Electronic Air Suspension System Market was estimated to be valued at $5820 Million in 2021.

What is the growth rate of the Global Electronic Air Suspension System Market?

The growth rate of the Global Electronic Air Suspension System Market is 8.1%, with an estimated value of $8610 Million by 2026.

What is the forecasted size of the Global Electronic Air Suspension System Market?

The Global Electronic Air Suspension System Market is estimated to be worth $8610 Million by 2026.

Who are the key companies in the Global Electronic Air Suspension System Market?

Key companies in the Global Electronic Air Suspension System Market include 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. and GOODYEAR RUBBER PRODUCTS INC..

Table of Contents

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
2.2.1 Secondary Research
2.2.2 Primary Research
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
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 South America
8.3.1 Brazil
8.3.2 Argentina
8.4 Europe
8.4.1 UK
8.4.2 France
8.4.3 Germany
8.4.4 Italy
8.4.5 Spain
8.4.6 Rest of Europe
8.5 Asia-Pacific
8.5.1 China
8.5.2 Japan
8.5.3 India
8.5.4 Indonesia
8.5.5 Malaysia
8.5.6 South Korea
8.5.7 Australia
8.5.8 Russia
8.5.9 Rest of APAC
8.6 Rest of the World
8.6.1 Qatar
8.6.2 Saudi Arabia
8.6.3 South Africa
8.6.4 United Arab Emirates
8.6.5 Latin America
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
10.1 Continental AG
10.2 AccuAir Control Systems, L.L.C.
10.3 Air Lift Company
10.4 Arnott Industries
10.5 BWI Group
10.6 Continental AG
10.7 DEPRAG Schulz GmbH u. Co
10.8 Dunlop Systems & Components Ltd.
10.9 Firestone Industrial Products Company, LLC
10.10 GOODYEAR RUBBER PRODUCTS INC.
10.11 Hadley Inc.
10.12 Hendrickson International Corporation
10.13 Hitachi Ltd.
10.14 Link Mfg
10.15 Mando Corporation
10.16 Tenneco Inc.
10.17 VB-Airsuspension B.V.
10.18 Wabco Holdings Inc
10.19 Thyssenkrupp Bilstein
11 Appendix
11.1 Questionnaire

Companies Mentioned

  • 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