Automotive Air Suspension Market: Overview
Air suspension of a vehicle helps in improving the driving comfort of the vehicle to a large extent. Besides, air suspension also helps in effectively reduce fuel consumption and improve vehicle stability. Air suspension also helps in adjusting the ride height according to the vehicle speed.
Automotive Air Suspension Market: Drivers and Restraints
The booming automotive sector is expected to drive the automotive air suspension market during the forecast period. The basic function of the air suspension system is to provide a comfortable ride to the driver. Thus, the air suspension is a feature that is primarily prevalent in luxury vehicles and high-end models of vehicles. Increasing technological advancements such as electronically controlled air suspension systems (ECAS) have been gaining traction in recent years. This is further expected to fuel the automotive air suspension market in the near future.
Most key manufacturers of passenger vehicles do not prefer to provide air suspension in vehicles that fall in the medium price range category owing to the high price of the system. This is anticipated to hamper the automotive air suspension market during the forecast period.
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Automotive Air Suspension Market: Key Segments
The global Automotive Air Suspension Market can be segmented based on vehicle, technology, component, and geography. In terms of vehicle type, the automotive air suspension market can be segmented into passenger vehicles and commercial vehicles. The commercial vehicles segment can be further divided into light commercial vehicles (LCVs), heavy commercial vehicles (HCVs), and buses & coaches. Commercial vehicles, especially heavy duty trucks and buses & coaches are subject to shocks to a larger extent compared to passenger vehicles. Air suspension systems help in shock absorption. This is anticipated to provide promising opportunities for the growth of the automotive air suspension market during the forecast period.
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