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

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