Air Suspension Market to Grow at 7.54% CAGR, Predicts M&M in Its Report Published at MarketPublishers.com15 Aug 2016 • by Natalie Aster
LONDON – Currently, the demand for luxury buses as well as luxury and comfort in passenger cars is on the rise. This increase encourages growth of the world’s air suspension marketplace: it is forecast to grow at a CAGR of slightly over 7.5% over the period 2016-2021.
There are also some factors restraining this growth like high costs associated with development and adoption of advanced suspension systems. Besides, it is not easy to maintain a balance between quality and a cost of the advanced technology.
Europe holds the largest share of the global market both in terms of volume and value. It is set to maintain this position in the upcoming years, as well.
However, Asia-Oceania forms the fastest growing marketplace due to high demand for vehicles there, and its demand is particularly high in such countries as India and China. Favorable government policies and availability of cheap labor also ignite this growth.
The global marketplace is under the reign of such companies as Continental AG, Hitachi Ltd., BWI GROUP, and more.
In-demand research report “Air Suspension Market by Vehicle Type, Component, Technology, & by Region - Global Forecast to 2021” drawn up by M&M offers a comprehensive discussion of the world’s market for air suspension. The study provides a bird’s eye view of the marketplace. It casts light on driving forces, restraints, challenges and opportunities of this space.
The report analyzes the market on the basis of technologies and components. The research study covers regional performance of the marketplace and includes valuable data on such key country markets as Japan, India, Brazil, Russia, Germany, etc.
It discusses the competitive situation and limelights trends. The report focuses on new product developments, M&As, and more. The research study profiles top players and forecasts future trends.
- all-round overview of the marketplace;
- deep insights into its dynamics;
- investigation of the competitive environment;
- company profiles;
- future projections;
- and more.
More cutting-edge studies by M&M can be found at our partner’s page.