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.
Europe accounted for the largest share in the global bus air suspension system market; China was the second largest market for bus air suspension system, owing to its increasing customer base and high disposable income of people in the region.
With the increasing demand of automobile comfort, the high quality suspension system may have a tremendously strong market in the near years. Among the two technologies of automotive air suspension system, the manual air suspension held the larger share in the global automotive air suspension system market.
According to this study, over the next five years the Bus Air Suspension System market will register a 0.2% CAGR in terms of revenue, the global market size will reach US$ 1110 million by 2024, from US$ 1100 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Bus Air Suspension System business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Bus Air Suspension System market by product type, application, key manufacturers and key regions and countries.
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This study considers the Bus Air Suspension System value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Manual Air Suspension
Electronic Air Suspension
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Large Size Bus
Small & Medium Size Bus
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
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: Breakdown data in in Chapter 3.
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.
To study and analyze the global Bus Air Suspension System consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Bus Air Suspension System market by identifying its various subsegments.
Focuses on the key global Bus Air Suspension System manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Bus Air Suspension System with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Bus Air Suspension System submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.