DUBLIN--(BUSINESS WIRE )--The "Air Suspension Compressor Market by Vehicle Type, and Sales Channel: Global Opportunity Analysis and Industry Forecast, 2021-2030" report has been added to ResearchAndMarkets.com's offering.
The global air suspension compressor market was valued at $1,987.3 million in 2020, and is projected to reach $3,909.1 million by 2030, registering a CAGR of 6.9% from 2021 to 2030.
The majority of the benefits of air suspension in an automobile are related to adjustability. An air suspension system may raise or lower a vehicle's height and hence ground clearance in seconds by adding or lowering the volume of air in the spring. Raising the suspension lowers the chances of a vehicle becoming trapped off-road or suffering underbody damage from trail hazards. Air suspension compressor systems helps to minimizes cargo damage, and decreases driver fatigue and also improves ride for passenger.
Suspension is crucial for ride quality and automobile handling control, since cars with firm suspension may have better body control and quicker reflexes. Ambulances, in particular, require a high degree of ride quality to prevent further harm to patients who are already sick. As a result of these reasons, the demand of air suspension compressor is increasing and providing lucrative growth in the market.
Electronic control unit in vehicle's air suspension improves vibration absorption and loading and unloading efficiency. It changes the loading platform height according to the load to maintain the best possible condition of the air suspension system, which is noted for its superior vibration absorption capability. Furthermore, Key players are focusing on manufacturing advance air suspension compressor for passenger and commercial vehicles. For instance, in October 2021, VIAIR has introduced the 330 C Hyper Grade 24V Compressor for those in need of consistent high-pressure air in their manufacturing process or other industrial applications.
The global air suspension compressor market is segmented on the basis of vehicle type, sales channel, and region. On the basis of vehicle type, the market is segregated into passenger vehicle and commercial vehicle. By sales channel, it is categorized into in OEM and aftersales. Region wise, the air suspension compressor market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900