Air suspension is a type of vehicle suspension powered by an electric or engine-driven air pump or compressor. This compressor pumps the air into a flexible bellows, usually made from textile-reinforced rubber. The air pressure inflates the bellows, and raises the chassis from the axle. Passenger car air suspension is that air suspension used in place of passenger car.
An air suspension system in a passenger car is installed in order to have enhanced riding comfort as well as driving safety. Passenger cars that have an air suspension system installed can quickly and easily align themselves to the corresponding conditions of the terrain which they are currently driven on.
In the early 30s last century, American Firestone tire company firstly applied air suspension in car industry. In 1944 General motor company cooperated with Firestone Company on air suspension application in passenger car for first trial. The trial result showed air suspension system had inherent superiority.
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Luxury passenger cars such as Mercedes-Benz, Audi, and BMW are increasingly demanded from regions such as Germany and China. The Americas also contribute significantly to the market segment, with the number of passenger cars equipped with air suspension expected to hit 0.81 million units by 2022 with the CAGR of 7.5% from 2017-2022. Market growth is primarily driven by growing concern for comfort and luxury.
According to this study, over the next five years the Passenger Car Air Suspension market will register a 4.2% CAGR in terms of revenue, the global market size will reach US$ 1040 million by 2024, from US$ 810 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Passenger Car Air Suspension business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Passenger Car Air Suspension market by product type, application, key manufacturers and key regions and countries.
This study considers the Passenger Car Air Suspension value and volume generated from the sales of the following segments:
Segmentation by product type
Electronically Controlled Air Suspension
Non-Electronically Controlled Air Suspension
Segmentation by application
This report also splits the market by region
Middle East & Africa
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market.
The key manufacturers covered in this report
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
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