Bus air suspension is a type of vehicle suspension that is powered by an air pump or compressor that is either electric or engine driven. The air is pumped into a flexible bellows, which is normally made of textile-reinforced rubber. The bellows are inflated by the air pressure, which lifts the chassis away from the axle. During the forecast period, electronic controlled air suspension systems are expected to dominate the global market, and the controlled air suspension systems segment is expected to be the fastest rising. This is primarily due to its advantages, which include increased stability, optimal road grip, and strong load carrying capacity. More driving convenience, more adjustment choices, and a higher degree of safety. In the coming years, both factors will make it a favored technology in the luxury bus segments. With substantial growth rates over the last few years, the global bus air suspension system market is rising at a faster pace and the market is expected to expand significantly in the forecast period.
MARKET DYNAMICS
Rising demand for premium and luxury buses is expected to drive the growth of the bus air suspension system market. However, the issues such as air Suspension has a high development and adoption cost may restrain the growth of the bus air suspension system market. Furthermore, growing aftermarket need for air suspension and related components and the requirement for lightweight air suspension systems is further going to create market opportunities for the bus air suspension system market during the forecast period.
MARKET SCOPE
The "Bus Air Suspension System Market Analysis to 2028" is a specialized and in-depth study of the bus air suspension system market with a special focus on the global market trend analysis. The report aims to provide an overview of bus air suspension system market with detailed market segmentation by type, application, and geography. The bus air suspension system market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading bus air suspension system market players and offers key trends and opportunities in the bus air suspension system market.
MARKET SEGMENTATION
The bus air suspension system market is segmented based on type and application. Based on type, the market is segmented into manual air suspension and electronic air suspension. Based on application, the market is segmented as small and medium size bus, and large size bus.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the bus air suspension system market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The bus air suspension system market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting bus air suspension system market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the bus air suspension system market in these regions.
MARKET PLAYERS
The reports cover key developments in the bus air suspension system market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from bus air suspension system market are anticipated to lucrative growth opportunities in the future with the rising demand for bus air suspension system market. Below mentioned is the list of few companies engaged in the bus air suspension system market.
The report also includes the profiles of key bus air suspension system market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- AB Volvo
- ContiTech AG
- DSC Nederland
- HENDRICKSON USA, LLC.
- Hitachi Astemo Americas, Inc.
- Infineon Technologies AG
- Parker Hannifin Corp
- WABCO
- Wheels India Limited
- ZF Friedrichshafen AG
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.