Major factor driving growth of the global air suspension systems market are growing demand form luxury vehicle owners for better comfort and growing automotive sale across the globe.

The global air suspension systems market report has been segmented on the basis of technology, components, vehicle type, and region.

The technology segment in the global air suspension systems market is segmented on the basis of electronically controlled air suspension systems and non-electronically controlled air suspension systems. The electronically controlled air suspension systems segment is expected to contribute significant revenue share in the global market.

The component segment in the global air suspension systems market is segmented on the basis of air springs, shock absorbers, air reservoir, air compressor, electric control unit, and height sensors. The shock absorbers segment is expected to contribute significant revenue share in the global market.

The vehicle type segment of global air suspension systems market is segmented on the basis of passenger cars, LCVs, trucks, and buses. The trucks segment is expected to contribute significant revenue share in the global market.

On the basis of region, the global air suspension systems market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East & Africa.

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The air suspension systems market in Asia Pacific is expected to account for largest share in the global market in terms of revenue, owing to growing automotive sector, and growing demand form transportation sector and presence of major players operating in countries in the region. The market in Europe is projected to register lucrative CAGR in terms of revenue over the forecast period, owing to rising disposable income, increasing spending capacity among individual, and presence of major automotive manufacturers operating in countries in this region.

Key players operating ion the global air suspension systems market include Continental AG, ThyssenKrupp AG, Wabco Holding Inc., Hendrickson International Corporation, Dunlop Systems and Components, Hitachi Ltd., BMW AG, Daimler AG, Fiat Chrysler Automobiles, and Volvo Car Corporation.

 

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