LONDON–(BUSINESS WIRE)–The global automotive air suspension market is expected to post a CAGR
of over 10% during the period 2018-2022, according to the latest
market research report by Technavio.
A key factor driving the growth of the market is the rising sales of
luxury cars. Luxury cars are equipped with modern technologies that
offer better performance, comfort, and convenience to the vehicle
occupants as compared to other vehicles. Hence, the majority of the
latest technological innovations for passenger cars such as air
suspension systems are initially offered in luxury vehicles.
This market research report on the global
automotive air suspension market 2018-2022 also provides an
analysis of the most important trends expected to impact the market
outlook during the forecast period. Technavio classifies an emerging
trend as a major factor that has the potential to significantly impact
the market and contribute to its growth or decline.
This report is available at a USD 1,000 discount for a limited time
market snapshot before purchasing
In this report, Technavio highlights the smart air suspension system as
one of the key emerging trends in the global automotive air suspension
Global automotive air suspension market: Smart
air suspension system
Automotive air suspension system is mainly used to increase the comfort
of vehicle occupants. Hence, vehicle makers are increasingly upgrading
existing automotive air suspension technology to offer better comfort
and convenience. Smart air suspension system is a type of automotive air
suspension used in various vehicles since 2017.
“The system allows the driver to set a particular height or ground
clearance of vehicle by adjusting the vehicle’s air suspension using the
controls on the dashboard touch panel. The smart air suspension system
will memorize this setting and automatically switch vehicle height upon
reaching the location the next time without any intervention of the
driver. It will also adjust vehicle height according to vehicle speed,
road terrain, and load carried to ensure a safer and comfortable drive,” says
a senior market research analyst at Technavio.
Global automotive air suspension market:
This market research report segments the global automotive air
suspension market by applications (passenger cars and commercial
vehicles) and geographical regions (APAC, EMEA, and the Americas).
The passenger cars segment held the largest market share in 2017,
accounting for nearly 51% of the market. However, by 2022, the
commercial vehicles segment is expected to surpass the passenger cars
segment to become the leading application segment.
EMEA led the market in 2017 with a market share of nearly 48% of the
market share. The market share occupied by this region is anticipated to
increase by nearly 7% during 2018-2022.
Looking for more information on this market? Request
a free sample report
Technavio’s sample reports are free of charge and contain multiple
sections of the report such as the market size and forecast, drivers,
challenges, trends, and more.
Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market sizing
- Market size and forecast
Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
is a leading global technology research and advisory company. Their
research and analysis focuses on emerging market trends and provides
actionable insights to help businesses identify market opportunities and
develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists
of more than 10,000 reports and counting, covering 800 technologies,
spanning across 50 countries. Their client base consists of enterprises
of all sizes, including more than 100 Fortune 500 companies. This
growing client base relies on Technavio’s comprehensive coverage,
extensive research, and actionable market insights to identify
opportunities in existing and potential markets and assess their
competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team