Automotive Air Suspension Market to Record Growth Worth $ 1.86 Billion| Hitachi Ltd., thyssenkrupp AG, and Continental AG Emerge as Key Players from Auto Parts & Equipment Industry| Technavio

Key Market Dynamics:

  • Market Driver
  • Market Trends
  • Market Challenges

The rising sales of luxury cars and surging penetration of digital platforms in vehicles are some of the key market drivers. In addition, key market trends such as the development of three-chamber air spring systems and smart air suspension systems will influence the market’s growth positively in the next few years. However, factors such as high production costs and short lifespan and heavy maintenance costs will limit the market’s growth.

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The automotive air suspension market report is segmented by application (commercial vehicle and passenger vehicle) and geography (Europe, North America, APAC, South America, and MEA). Furthermore, Europe will be the fastest growing region contributing 38% of the market’s growth during the forecast period. Germany and the UK will emerge as the key regional markets for automotive air suspension in Europe.

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Companies Mentioned with their Offerings

  • Continental AG
  • Dunlop Systems and Components
  • EnPro Industries Inc.
  • Hendrickson Holdings LLC
  • Hitachi Ltd.
  • thyssenkrupp AG
  • To Gain Access to more Vendor Profiles with their Key Offerings available with Technavio, Click Here

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Automotive Suspension System Lubricants Market by Application and Geography – Forecast and Analysis 2021-2025

Heavy-duty Truck Suspension System Market by Gross Vehicle Weight Rating and Geography – Forecast and Analysis 2020-2024

Automotive Anti-roll Bar Market by Application and Geography – Forecast and Analysis 2020-2024

Key Topics Covered:

  • Executive Summary
  • Market Landscape
  • Market Sizing
  • Five Forces Analysis
  • Market Segmentation by Application
  • Customer landscape
  • Geographic Landscape
  • Vendor Landscape
  • Vendor Analysis
  • Appendix

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SOURCE Technavio