Air Suspension Market Worth 4.69 Billion USD by 2021

PUNE, India, July 28, 2016 /PRNewswire/ --

The report "Air Suspension Market by Vehicle Type (PC, LCV, Truck & Bus), Component (Air Spring, Shock Absorber, Air Compressor, ECU, Air Reservoir & Height Sensors), Technology (Electronically & Non-Electronically Controlled), & by Region - Global Forecast to 2021", The market is expected to grow at a CAGR of 7.54%, from USD 3.26 Billion in 2016 to USD 4.69 Billion by 2021.

     (Logo: http://photos.prnewswire.com/prnh/20160303/792302 )

Browse 70 market data Tables and 63 Figures spread through 174 Pages and in-depth TOC on "Air Suspension Market"

http://www.marketsandmarkets.com/Market-Reports/air-suspension-market-108443432.html

Early buyers will receive 10% customization on this report. 

The global market for air suspension is driven by growing significance of higher driving comfort which has spurred the demand for luxury buses equipped with air suspension systems, and enhanced safety regulations which have forced manufacturers to come up with technologically advanced suspension systems.

Passenger Cars: Largest Market for Air Suspension Systems 

Passenger cars are estimated to constitute the largest market share, by value and volume, of the Air Suspension Market. Luxury and comfort are the major highlights of air suspension and hence they are mainly limited to the premium segment of passenger cars. Developed markets already have a high penetration when it comes to air suspension in passenger cars, and this popularity is also growing in emerging markets making passenger cars the largest market segment.

Electronically Controlled Air Suspension is the Fastest Growing Segment 

The electronically controlled air suspension (ECAS) system segment is estimated to have the highest growth potential. We can see a visible shift from non-electronically controlled air suspension to electronically controlled air suspension. This can be credited to the proven benefits of the system in terms of better levelling of the vehicle and reduced air consumption. Owing to this, there is a remarkable reduction in vibration which helps in providing better comfort while travelling. Electronically controlled air suspension provides stability, optimum road grip, and adaptation to different weight loading. The ECAS provides not only additional driving comfort, but also an enhanced level of safety.