Global Air Suspension Market
Air Suspension Market Size And Forecast
According to Verified Market Research, Global Air Suspension Market was valued at USD 5.41 Billion in 2018 and is projected to reach USD 9 Billion by 2026, growing at a CAGR of 6.53% from 2019 to 2026.
Global Air Suspension Market Outlook
The technological advancement such as the electronically controlled air suspension system coupled with the increasing demand for the effective air suspension system is likely to drive the growth of the market.
The growing trend for luxury buses and the growing preference for comfort in passenger vehicles is boosting the demand for air suspension. The high initial investment is a major factor that may affect the growth of the market. Moreover, the growing use of air suspension systems in heavy-duty trucks and buses & coaches is expected to provide lucrative opportunities for the growth of the market.
the advent of energy-efficient models of Air Suspensions, which are also available in portable designs, has been extensively adopted by industries around the world.
Global Air Suspension Market Competitive Landscape
The Global Air Suspension Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Continental AG, ThyssenKrupp AG, Wabco Holdings Inc., Firestone Industrial Products, Hitachi Ltd., SAF-Holland, Accuair Suspension, Mando Corporation, Hendrickson, and BWI Group.
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