APAC accounted for the maximum share of the bus air suspension system market.
The air suspension system is a type of vehicle suspension that uses an air pump or compressor to pump air into the airbag (bellow). These bellows are made from reinforced rubber to allow air pressure to inflate them and thus raise the vehicle body from the axle. A suspension system in a vehicle enables connection between the vehicle body and the wheels and allows relative motion between them. The main components included in the suspension are a system of tires, springs, shock absorbers, and linkages.
The changing consumer preferences, increasing disposable income driving people towards premium cars, and increasing demand for luxury buses are expected to drive the demand for automotive air suspension over the forecast period. The increasing purchasing power parity of the consumer, especially in developing economies such as India, China and Brazil is impelling the automotive manufacturers to come up with more number of premium cars. The increase in demand for cabin comfort, maneuverability, stability and better control of the vehicle together have led to an increase in the demand for air suspension systems in recent times.
APAC accounted for the maximum share of the bus air suspension system market. The demand for public bus transport facilities and the presence of countries with high population density will be the major factors propelling the growth of the market in this region during the forecast period. Moreover, the presence of major bus manufacturers due to benefits such as low-cost production, labor, and supportive government policies will also contribute to the growth of the market in APAC.
Global Bus Air Suspension System Market Professional Survey Report 2018 is a professional and in-depth study and available exclusively through Trusted Business Insights. Annual estimates and forecasts are provided for the period 2018 through 2025. Also, a five-year historic analysis is provided for these markets in this 109 pages report.
This market report provides in-depth analytics of the Bus Air Suspension System industry including definition, classification, application and industry chain structure. The report focuses on global major leading industry players with information such as company profiles, product picture and specifications, sales, market share, and contact information.
Bus Air Suspension System market report includes an in-depth analysis of the competitive landscape of this business vertical, constituting companies like:
BeijingWest Industries (BWI Group)
Dunlop Systems and Components
Wheels India Limited
Products Segmentation, this report displays the production, revenue, price, market share, and growth rate of each type as below:
Manual Air Suspension
Electronic Air Suspension
By Industrial Application, the market can be split into:
Light Commercial Vehicle
Market Segment by Regions includes:
- North America (the USA, Canada, and Mexico)
- Europe (Germany, France, UK, Russia, and Italy)
- Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
- South America
- Middle East and Africa.