Acumen Research and Consulting Air Suspension Systems Market Size to Hit US$ 4 Bi | Page 3
Regional Outlook
Asia-pacific air suspension systems market is anticipated to grow at a highest
CAGR amid the foreseen time span owing to its large population, emerging
economic conditions, and rise in foreign trade in the country. In addition, the
makers are increasing their business in other developing Asia-Pacific countries
including India and Vietnam where market penetration is low but is projected to
raise at high rate amid the forecast phase. Followed by, North America which
holds a principle share in the market for air suspension systems owing to wide
application in transportation vehicles as well as commercial purposes in the
region. Europe is the third largest market for air suspension systems. The air
suspension systems market growth in the region is driven by the tourism
industry.
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Insights on Market Segment
Global air suspension systems market is segmented by type, application and
geography. Based on different types, the market is segmented into electronically
controlled air suspension, non-electronically controlled air suspension. Also, by
application Air Suspension Systems is further bifurcated into LCV OEM segment,
LCV aftermarket segment, other segment. Based on geography market is further
classified into North America, Europe, Asia Pacific, Rest of World.
Key Players
The major players profiled in the report include Continental AG, Thyssenkrupp
Bilstein GmbH, WABCO Holdings, Inc., Firestone Industrial Products Company
LLC, Drive-Rite Ltd, Hitachi Automotive Systems Americas, Inc., BWI Group,
Dunlop Systems and components, and more.
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