Market Survey on Air Suspension Systems Market Covering Sales Outlook, Up-to-date Key Trends, Market Size and Forecast, OEM and Aftermarket Sales Analysis, Supplier Ecosystem, Company Analysis and Who Supplies Whom
An In-depth Market Insights of Air Suspension Systems Market including Buses and Coaches, Trailers, and Heavy Trucks Covering 30+ Countries like United States, United Kingdom, Germany, France, Norway, Sweden, Saudi Arabia, United Arab Emirates, Japan, Korea, Australia, New Zealand, and Others
A Summary of the Air Suspension Systems Market Developments (2023 to 2033)
The global air suspension systems market is projected to have an average-paced CAGR of 9.6% during the forecast period. The current valuation of the market is US$ 5.2 Billion in 2023. The market value of the air suspension systems market is anticipated to surpass a market valuation of US$ 13.0 Billion by the year 2033. A historical market valuation of US$ 4.9 Billion has been recorded by the analysts of Future Market Insights for the concerned market during the base year. The growth is supported by:
The high demand in the automotive industry to provide drivers with comfort while driving.
The rising importance of luxury and comfort in passenger cars while traveling long-distance is estimated to fuel market growth of air suspension systems.
The surge in the production of commercial vehicles and passenger cars is raising the demand for vehicles that are integrated with air suspension systems.
Technological advances which include air suspension systems that are controlled electronically are gaining popularity.
Growing preference amongst consumers for vehicles that have superior comfort of the ride is likely to aid the market growth for air suspension systems through 2033.
An upsurge in the significance of driver and passenger safety is estimated to complement the expansion of the industry in the forthcoming years.
The government across developing economies is creating favorable stances for gearing up the growth of the automotive manufacturing sector.
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Innovations in the Air Suspension System Industry Impede Growth Owing to High Development Costs
Technological advances and innovations play a very crucial role in improvisation of the automotive suspension systems. The recent launches of systems that are controlled electronically offer better convenience and comfort to passengers. Although these factors are leading to the healthy growth of the market, it is also estimated that these technologies are raising complexities in automotive.
System prototyping, designing, and production require a huge investment, which increases the overall cost and demands a lot of time. Therefore, the rising complexities due to the additional number of solenoid valves, sensors, and ECUs (Electronic Control Units) increase the price of the air suspension systems. This is likely to hinder the pace of advancement for the concerned industry in the long run.
Trend of Lightweight Vehicles Help OEMs Reduce Carbon Emissions
It is identified that the urban population across the globe is demanding vehicles that are light in weight. This factor is making allowance for original equipment manufacturers in reducing carbon-dioxide emissions. It is also helping OEMs to improve the fuel efficiency of their vehicles.
The demand for lightweight vehicles in developing economies is fueling the manufacturers to constantly work and find the right mix of composition materials. This would reduce the weight of vehicles and affect their performance of the vehicles in the upcoming years. The OEMs are making use of air springs made of textiles for reducing the weight of air suspension systems. This aspect is likely to prompt new business opportunities in the foreseen years.
Report Attribute
Details
Air Suspension Systems Market Value (2023)
US$ 5.2 Billion
Air Suspension Systems Market Anticipated Value (2033)
US$ 13.0 Billion
Air Suspension Systems Projected Growth Rate (2023 to 2033)
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Contrast of 2023 Market Dynamics with the Historical Market Scenario
It is identified that the air suspension systems market is witnessing an unprecedented surge in the recent few years. There has been an approximate rise of US$ 0.3 Billion from the base year to the current. This growth in market valuation can be highly attributed to the rising manufacture of commercial vehicles to ease transportation for the surging population across emerging economies.
In the base year, the industry witnessed a value of US$ 4.9 Billion and registered a moderate-paced CAGR of 6.4%. Rising disposable income across emerging economies and a large number of working populaces have resulted in increased spending on luxury items. The sales of high-end models of vehicles and luxury vehicles have significantly stirred up the market dynamics for air suspension systems.
Additionally, the high adoption of air suspension systems in heavy vehicles like trucks, buses, and other passenger vehicles has surged over the conventional steel springs. These systems are also equipped in trains and semi-trailers. Therefore, the requirement for a comfortable, smooth, and constant ride to the occupants has led to an unprecedented rise in market shares during the period 2018 to 2022.
Historical CAGR (2018 to 2022)
6.4%
Forecast CAGR (2023 to 2033)
9.6%
Market Value in 2022
US$ 4.9 Billion
Market Value in 2023
US$ 5.2 Million
Comparative Analysis of Adjacent Markets
Air Suspension Systems Market:
Differentiating Aspects
Air Suspension Systems Market
CAGR
9.6%
Market Valuation in 2023
US$ 5.2 Billion
Projected Market Value in 2033
US$ 13.0 Billion
Drivers
High demand for lightweight vehicles is estimated to expand the market share for air suspension systems.
Strict regulations imposed by the government for vehicle safety are likely to revamp the market shares o air suspension systems.
Air Brake Systems Market:
Differentiating Aspects
Air Brake Systems Market
CAGR
4.8%
Market Valuation in 2023
US$ 2,108.8 Million
Projected Market Value in 2033
US$ 3,003.5 Million
Drivers
Development in the railway sector and the production of high-speed vehicles are fueling the sales of air brake systems.
Reduction of stopping distance as a regulation imposed by governments of developing economies is reshaping the market landscape.
Automotive Brake Market:
Differentiating Aspects
Automotive Brake Market
CAGR
5.4%
Market Valuation in 2023
US$ 50.66 Billion
Projected Market Value in 2033
US$ 85.71 Billion
Drivers
The adoption of luxury automobiles is propelling the market growth of automotive braking systems.
Due to the lifespan of brake components being relatively low, replacement is taking place for automotive brake systems in 2023, surging the market shares for the product.
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Category-wise Insights
An Ultimatum for Firm Suspension Augments Growth of Noteworthy Segments
Heavy Trucks - By Vehicle Type
It is estimated that the heavy trucks segment is likely to accrue the highest share of the air suspension systems market. This segment is estimated to advance at a notable pace, registering a CAGR of 4% through the forecast period. The heavy trucks segment by vehicle type category is expected to hold over 54.1% of the global market share through the projection period.
This robust advancement of the segment can be attributed to the use of heavy trucks in diverse end-use industries that include e-commerce, and logistics. Construction, and more. The growth of e-commerce industries and surge in the construction activities across emerging economies is fueling the sales of heavy trucks, thereby raising the adoption of air suspension systems.
The buses and coaches segment is likely to register a rapid-paced CAGR of 9.4% through the estimated study period. This segment accounted for a historical CAGR of 6.2%. The significant progress of the segment is owing to the large section of the working populace, commuting from one location to another. The trailers segment is estimated to account for over 32.1% of the total market share during the period 2018 to 2022.
OEM - By Sales Channel
It is identified that the original equipment manufacturing segment by sales channel category is likely to hold the highest amount of shares through the forecast period. During the period 1018 to 2022, this segment registered a CAGR of 6.1% and is estimated to advance at a noteworthy pace, recording a CAGR of 9.2% through 2033.
The reasons contributing to the growth of this segment include soaring demand for luxury and commercial vehicles that are equipped with electronically operated systems (EOS). The high sales of buses and trucks are likely to further augment the propulsion of the OEMs segment. Additionally, the OEMs are focusing on the commercialization of innovative components, which is raising shares held by them. The aftermarket segment is projected to slate a CAGR of 8.8% through the forecast period.
Overview of Domineering Segments
Category
Vehicle Type
Segments
Heavy Trucks
CAGR (2023 to 2033)
4%
Category
Vehicle Type
Segments
Buses and Coaches
CAGR (2023 to 2033)
9.4%
Category
Sales Channel
Segments
OEMs
CAGR (2023 to 2033)
9.2%
Category
Sales Channel
Segments
Aftermarket
CAGR (2023 to 2033)
8.8%
Regional Market Shares in the Air Suspension Market
Region
North America
Country
United States
CAGR (2023 to 2033)
9.3%
Region
Europe
Country
United Kingdom
CAGR (2023 to 2033)
8.6%
Region
Asia Pacific
Country
China
CAGR (2023 to 2033)
8.9%
Region
Asia Pacific
Country
Japan
CAGR (2023 to 2033)
7.9%
Region
Asia Pacific
Country
India
CAGR (2023 to 2033)
7.2%
Country-wise Insights
Demand for Optimum Road Grip Fuels Expansion of Advanced Air Suspension Systems Industry Across Notable Countries
Country
United States
Statistics
The USA is estimated to hold the highest share of the air suspension systems market through the projection period. The air suspension industry in the USA is advancing at a CAGR of 9.3%. the market is estimated to surpass a valuation of US$ 4.5 Billion by the end of 2033. Approximate Growth in Market Value: US$ 2.6 Billion
Historical CAGR: 6.4%
Growth Propellants
The high production of commercial vehicles across the country and the robust expansion of the construction sector using heavy trucks are likely to drive the demand for air suspension systems through 2033. Furthermore, government initiatives for research and development activities for vehicle safety are estimated to foster demand.
Country
United Kingdom
Statistics
The United Kingdom is likely to hold a significant share of the air suspension systems market in the European region. The air suspension industry in the United Kingdom is advancing at a CAGR of 8.6%. The market is estimated to surpass a valuation of US$ 500 Million by the end of 2033. Approximate Growth in Market Value: US$ 300 Million
Historical CAGR: 5.7%
Growth Propellants
Consumers across the United Kingdom are identified to highly spend on premium vehicles. The soar in investments towards luxury vehicles is fostering the growth of the sales of air suspension systems in 2023. Additionally, there is a very strong presence of multiple automotive OEMS with product portfolios that include luxury and sports vehicles. This factor is fueling the expansion of the industry in the United Kingdom.
Country
Japan
Statistics
The air suspension system market in Japan is estimated to move forward at a substantial rate, slating a CAGR of 7.9% through the forecast period. The market is estimated to surpass a valuation of US$ 800 Million by the end of 2033. Approximate Growth in Market Value: US$ 400 Million
Historical CAGR: 5.5%
Growth Propellants
The growing adoption of vehicles that are technologically advanced and equipped with improvised technical capabilities is gaining popularity across Japan, thereby expanding the market shares of air suspension systems. The key players in the industry are investing heavily in research and development activities, making attempts towards creating a landscape of heightened air suspension system sales.
Start-up Ecosystem
New Entrants Ravel Up the Features of Air Suspension Systems For Smooth Ride of Automotives
The new entrants in the air suspension systems market are leveraging advancements in technology to launch new products and gain a competitive advantage. These firms are continually investing in research and development activities to keep themselves in tandem with the changing consumer preferences and end-use industry demands. Efforts are being made to strengthen their foothold in the market and aid the further progression of the air suspension systems market.
Top 2 Start-ups to Watch For
Jamna - This Indian start-up organization initially started the development of air suspension systems for passenger vehicles like buses. The firm is working closely with renowned automotive biggies like Ashok Leyland, VEVC, and Tata Motors. Their systems are equipped across the complete range of buses, including semi-low-floor, low, floor, and high-floor buses.
Ridewell -This firm is completely engineering and designing support for trucks, buses, and trailers. The organization is expanding into the light-duty market with the new launch of products like the ‘Featheride’ trailer air suspension market. It is anticipated that the company is likely to hold significant shares in the forthcoming years.
Competitive Landscape
Key Manufacturers of Air Suspension Systems Turn the Global Production of Heavy-duty Vehicles to their Advantage
The air suspension systems market is highly fragmented and the key manufacturers are deploying several organic and inorganic growth strategies to compete with the existing players in the market. The biggies are heavily investing in research and development activities to leverage advancements to the features of suspension systems. They are making attempts for easing the job of autonomous vehicle manufacturers to make automobiles with high speed, backed by high safety.
Recently, WABCO launched an air suspension system that is a combination of air suspension with ECAS technology. As per the company statements, ECAS Technology with WABCO Air Suspension is likely to improve fuel economy, provide better safety to passengers, enhance the comfort of rides, and increase the stability of the vehicles.
Recent Developments
In May 2020, ZF Friedrichshafen AG completed its successful acquisition of commercial vehicle technology supplier WABCO. Before this acquisition, the firm gained all the approval from the required regulatory authorities.
In May 2021, Bridgestone made an announcement to expand its plant in Williamsburg, Kentucky. It made an investment of US$ 51 Million in Firestone Industrial Products. This was initiated to cater to the demand for air suspension systems across EVs or electric vehicles.
In September 2021, Continental AG made a significant launch of 3 products at Automechanika 2021, which has the inclusion of air suspension dampers.
Some of the key players proliferating in the market are
Continental AG
ThyssenKrupp AG
WABCO
Hendrickson USA, L.L.C.
Dunlop Systems and components
Hitachi Automotive, Ltd.
ZF Friedrichshafen AG
Magneti Marelli S.p.A.
Accuair Suspension
Firestone Industrial Products
Beijing West Industries Co., Ltd.
Mando Corporation
LORD Corporation
Air Lift Company
VB-Air suspension
Key Segments in the Air Suspension System Market
By Vehicle Type:
Buses & Coaches
Trailers
Heavy Trucks
By Sales Channel:
OEM
Electronic Operated Systems
Non-Electronic Operated Systems
Aftermarkets
System
Components
By Region:
North America
Latin America
Asia Pacific
Middle East and Africa (MEA)
Europe
Frequently Asked Questions
The growth outlook for the air suspension system market is predicted to advance at a CAGR of 9.6% from 2023 to 2033.
The North American region is anticipated to lead the air suspension system market during the forecast period.
The market valuation of the air suspension system market stands at US$ 5.2 Billion in 2023.
The air suspension system market is likely to hold a valuation of US$ 13 Billion by 2033.
The automotive industry sector is the key driver in the air suspension system market.
Table of Content
1. Executive Summary | Air Suspension Systems Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.6.2. By Key Countries
3.7. Regional Parent Market Outlook
4. Global Market Analysis 2017 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ million) Analysis, 2017 to 2022
4.2. Current and Future Market Size Value (US$ million) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Vehicle Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ million) Analysis By Vehicle Type, 2017 to 2022
5.3. Current and Future Market Size Value (US$ million) Analysis and Forecast By Vehicle Type, 2023 to 2033
5.3.1. Buses & Coaches
5.3.2. Trailers
5.3.3. Heavy Trucks
5.4. Y-o-Y Growth Trend Analysis By Vehicle Type, 2017 to 2022
5.5. Absolute $ Opportunity Analysis By Vehicle Type, 2023 to 2033
6. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Sales Channel
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ million) Analysis By Sales Channel, 2017 to 2022
6.3. Current and Future Market Size Value (US$ million) Analysis and Forecast By Sales Channel, 2023 to 2033
6.3.1. OEM
6.3.1.1. Electronic Operated Systems
6.3.1.2. Non Electronic Operated Systems
6.3.2. Aftermarkets
6.3.2.1. System
6.3.2.2. Components
6.4. Y-o-Y Growth Trend Analysis By Sales Channel, 2017 to 2022
6.5. Absolute $ Opportunity Analysis By Sales Channel, 2023 to 2033
7. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Region
7.1. Introduction
7.2. Historical Market Size Value (US$ million) Analysis By Region, 2017 to 2022
7.3. Current Market Size Value (US$ million) Analysis and Forecast By Region, 2023 to 2033
7.3.1. North America
7.3.2. Latin America
7.3.3. Eastern Europe
7.3.4. Western Europe
7.3.5. South Asia Pacific
7.3.6. MEA
7.3.7. East Asia
7.4. Market Attractiveness Analysis By Region
8. North America Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country
8.1. Historical Market Size Value (US$ million) Trend Analysis By Market Taxonomy, 2017 to 2022
8.2. Market Size Value (US$ million) Forecast By Market Taxonomy, 2023 to 2033
8.2.1. By Country
8.2.1.1. The USA
8.2.1.2. Canada
8.2.2. By Vehicle Type
8.2.3. By Sales Channel
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By Vehicle Type
8.3.3. By Sales Channel
8.4. Key Takeaways
9. Latin America Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country
9.1. Historical Market Size Value (US$ million) Trend Analysis By Market Taxonomy, 2017 to 2022
9.2. Market Size Value (US$ million) Forecast By Market Taxonomy, 2023 to 2033
9.2.1. By Country
9.2.1.1. Brazil
9.2.1.2. Mexico
9.2.1.3. Rest of Latin America
9.2.2. By Vehicle Type
9.2.3. By Sales Channel
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Vehicle Type
9.3.3. By Sales Channel
9.4. Key Takeaways
10. Eastern Europe Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country
10.1. Historical Market Size Value (US$ million) Trend Analysis By Market Taxonomy, 2017 to 2022
10.2. Market Size Value (US$ million) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Country
10.2.1.1. Poland
10.2.1.2. Russia
10.2.1.3. Rest of Eastern Europe
10.2.2. By Vehicle Type
10.2.3. By Sales Channel
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Vehicle Type
10.3.3. By Sales Channel
10.4. Key Takeaways
11. Western Europe Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country
11.1. Historical Market Size Value (US$ million) Trend Analysis By Market Taxonomy, 2017 to 2022
11.2. Market Size Value (US$ million) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. Italy
11.2.1.3. France
11.2.1.4. The United Kingdom
11.2.1.5. Spain
11.2.1.6. Rest of Western Europe
11.2.2. By Vehicle Type
11.2.3. By Sales Channel
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Vehicle Type
11.3.3. By Sales Channel
11.4. Key Takeaways
12. South Asia Pacific Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country
12.1. Historical Market Size Value (US$ million) Trend Analysis By Market Taxonomy, 2017 to 2022
12.2. Market Size Value (US$ million) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Country
12.2.1.1. ASEAN
12.2.1.2. South Korea
12.2.1.3. Rest of South Asia Pacific
12.2.2. By Vehicle Type
12.2.3. By Sales Channel
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Vehicle Type
12.3.3. By Sales Channel
12.4. Key Takeaways
13. MEA Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country
13.1. Historical Market Size Value (US$ million) Trend Analysis By Market Taxonomy, 2017 to 2022
13.2. Market Size Value (US$ million) Forecast By Market Taxonomy, 2023 to 2033
13.2.1. By Country
13.2.1.1. South Africa
13.2.1.2. Turkey
13.2.1.3. Rest of MEA
13.2.2. By Vehicle Type
13.2.3. By Sales Channel
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Vehicle Type
13.3.3. By Sales Channel
13.4. Key Takeaways
14. East Asia Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country
14.1. Historical Market Size Value (US$ million) Trend Analysis By Market Taxonomy, 2017 to 2022
14.2. Market Size Value (US$ million) Forecast By Market Taxonomy, 2023 to 2033
14.2.1. By Country
14.2.1.1. China
14.2.1.2. India
14.2.1.3. Japan
14.2.2. By Vehicle Type
14.2.3. By Sales Channel
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Vehicle Type
14.3.3. By Sales Channel
14.4. Key Takeaways
15. Key Countries Market Analysis
15.1. The USA
15.1.1. Pricing Analysis
15.1.2. Market Share Analysis, 2022
15.1.2.1. By Vehicle Type
15.1.2.2. By Sales Channel
15.2. Canada
15.2.1. Pricing Analysis
15.2.2. Market Share Analysis, 2022
15.2.2.1. By Vehicle Type
15.2.2.2. By Sales Channel
15.3. Brazil
15.3.1. Pricing Analysis
15.3.2. Market Share Analysis, 2022
15.3.2.1. By Vehicle Type
15.3.2.2. By Sales Channel
15.4. Mexico
15.4.1. Pricing Analysis
15.4.2. Market Share Analysis, 2022
15.4.2.1. By Vehicle Type
15.4.2.2. By Sales Channel
15.5. Poland
15.5.1. Pricing Analysis
15.5.2. Market Share Analysis, 2022
15.5.2.1. By Vehicle Type
15.5.2.2. By Sales Channel
15.6. Russia
15.6.1. Pricing Analysis
15.6.2. Market Share Analysis, 2022
15.6.2.1. By Vehicle Type
15.6.2.2. By Sales Channel
15.7. Germany
15.7.1. Pricing Analysis
15.7.2. Market Share Analysis, 2022
15.7.2.1. By Vehicle Type
15.7.2.2. By Sales Channel
15.8. Italy
15.8.1. Pricing Analysis
15.8.2. Market Share Analysis, 2022
15.8.2.1. By Vehicle Type
15.8.2.2. By Sales Channel
15.9. France
15.9.1. Pricing Analysis
15.9.2. Market Share Analysis, 2022
15.9.2.1. By Vehicle Type
15.9.2.2. By Sales Channel
15.10. The United Kingdom
15.10.1. Pricing Analysis
15.10.2. Market Share Analysis, 2022
15.10.2.1. By Vehicle Type
15.10.2.2. By Sales Channel
15.11. Spain
15.11.1. Pricing Analysis
15.11.2. Market Share Analysis, 2022
15.11.2.1. By Vehicle Type
15.11.2.2. By Sales Channel
15.12. ASEAN
15.12.1. Pricing Analysis
15.12.2. Market Share Analysis, 2022
15.12.2.1. By Vehicle Type
15.12.2.2. By Sales Channel
15.13. South Korea
15.13.1. Pricing Analysis
15.13.2. Market Share Analysis, 2022
15.13.2.1. By Vehicle Type
15.13.2.2. By Sales Channel
15.14. South Africa
15.14.1. Pricing Analysis
15.14.2. Market Share Analysis, 2022
15.14.2.1. By Vehicle Type
15.14.2.2. By Sales Channel
15.15. Turkey
15.15.1. Pricing Analysis
15.15.2. Market Share Analysis, 2022
15.15.2.1. By Vehicle Type
15.15.2.2. By Sales Channel
15.16. China
15.16.1. Pricing Analysis
15.16.2. Market Share Analysis, 2022
15.16.2.1. By Vehicle Type
15.16.2.2. By Sales Channel
15.17. India
15.17.1. Pricing Analysis
15.17.2. Market Share Analysis, 2022
15.17.2.1. By Vehicle Type
15.17.2.2. By Sales Channel
15.18. Japan
15.18.1. Pricing Analysis
15.18.2. Market Share Analysis, 2022
15.18.2.1. By Vehicle Type
15.18.2.2. By Sales Channel
16. Market Structure Analysis
16.1. Competition Dashboard
16.2. Competition Benchmarking
16.3. Market Share Analysis of Top Players
16.3.1. By Regional
16.3.2. By Vehicle Type
16.3.3. By Sales Channel
17. Competition Analysis
17.1. Competition Deep Dive
17.1.1. SAF-Holland SA
17.1.1.1. Overview
17.1.1.2. Product Portfolio
17.1.1.3. Profitability by Market Segments
17.1.1.4. Sales Footprint
17.1.1.5. Strategy Overview
17.1.1.5.1. Marketing Strategy
17.1.2. Hendrickson USA LLC
17.1.2.1. Overview
17.1.2.2. Product Portfolio
17.1.2.3. Profitability by Market Segments
17.1.2.4. Sales Footprint
17.1.2.5. Strategy Overview
17.1.2.5.1. Marketing Strategy
17.1.3. BPW Transpec Pvt. Ltd.
17.1.3.1. Overview
17.1.3.2. Product Portfolio
17.1.3.3. Profitability by Market Segments
17.1.3.4. Sales Footprint
17.1.3.5. Strategy Overview
17.1.3.5.1. Marketing Strategy
17.1.4. TMC Australia Pvt. Ltd.
17.1.4.1. Overview
17.1.4.2. Product Portfolio
17.1.4.3. Profitability by Market Segments
17.1.4.4. Sales Footprint
17.1.4.5. Strategy Overview
17.1.4.5.1. Marketing Strategy
17.1.5. Guangzhou TND Axle Co. Ltd.
17.1.5.1. Overview
17.1.5.2. Product Portfolio
17.1.5.3. Profitability by Market Segments
17.1.5.4. Sales Footprint
17.1.5.5. Strategy Overview
17.1.5.5.1. Marketing Strategy
17.1.6. Meritor Inc.
17.1.6.1. Overview
17.1.6.2. Product Portfolio
17.1.6.3. Profitability by Market Segments
17.1.6.4. Sales Footprint
17.1.6.5. Strategy Overview
17.1.6.5.1. Marketing Strategy
17.1.7. Wabco Holdings
17.1.7.1. Overview
17.1.7.2. Product Portfolio
17.1.7.3. Profitability by Market Segments
17.1.7.4. Sales Footprint
17.1.7.5. Strategy Overview
17.1.7.5.1. Marketing Strategy
17.1.8. York Transport Equipment (Asia) Pvt. Ltd.
17.1.8.1. Overview
17.1.8.2. Product Portfolio
17.1.8.3. Profitability by Market Segments
17.1.8.4. Sales Footprint
17.1.8.5. Strategy Overview
17.1.8.5.1. Marketing Strategy
17.1.9. VDL Weweler-Colaert
17.1.9.1. Overview
17.1.9.2. Product Portfolio
17.1.9.3. Profitability by Market Segments
17.1.9.4. Sales Footprint
17.1.9.5. Strategy Overview
17.1.9.5.1. Marketing Strategy
18. Assumptions & Acronyms Used19. Research Methodology
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List of Tables
Table 1: Global Market Value (US$ million) Forecast by Region, 2017 to 2033
Table 2: Global Market Value (US$ million) Forecast by Vehicle Type, 2017 to 2033
Table 3: Global Market Value (US$ million) Forecast by Sales Channel, 2017 to 2033
Table 4: North America Market Value (US$ million) Forecast by Country, 2017 to 2033
Table 5: North America Market Value (US$ million) Forecast by Vehicle Type, 2017 to 2033
Table 6: North America Market Value (US$ million) Forecast by Sales Channel, 2017 to 2033
Table 7: Latin America Market Value (US$ million) Forecast by Country, 2017 to 2033
Table 8: Latin America Market Value (US$ million) Forecast by Vehicle Type, 2017 to 2033
Table 9: Latin America Market Value (US$ million) Forecast by Sales Channel, 2017 to 2033
Table 10: Eastern Europe Market Value (US$ million) Forecast by Country, 2017 to 2033
Table 11: Eastern Europe Market Value (US$ million) Forecast by Vehicle Type, 2017 to 2033
Table 12: Eastern Europe Market Value (US$ million) Forecast by Sales Channel, 2017 to 2033
Table 13: Western Europe Market Value (US$ million) Forecast by Country, 2017 to 2033
Table 14: Western Europe Market Value (US$ million) Forecast by Vehicle Type, 2017 to 2033
Table 15: Western Europe Market Value (US$ million) Forecast by Sales Channel, 2017 to 2033
Table 16: South Asia Pacific Market Value (US$ million) Forecast by Country, 2017 to 2033
Table 17: South Asia Pacific Market Value (US$ million) Forecast by Vehicle Type, 2017 to 2033
Table 18: South Asia Pacific Market Value (US$ million) Forecast by Sales Channel, 2017 to 2033
Table 19: MEA Market Value (US$ million) Forecast by Country, 2017 to 2033
Table 20: MEA Market Value (US$ million) Forecast by Vehicle Type, 2017 to 2033
Table 21: MEA Market Value (US$ million) Forecast by Sales Channel, 2017 to 2033
Table 22: East Asia Market Value (US$ million) Forecast by Country, 2017 to 2033
Table 23: East Asia Market Value (US$ million) Forecast by Vehicle Type, 2017 to 2033
Table 24: East Asia Market Value (US$ million) Forecast by Sales Channel, 2017 to 2033
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List of Charts
Figure 1: Global Market Value (US$ million) by Vehicle Type, 2023 to 2033
Figure 2: Global Market Value (US$ million) by Sales Channel, 2023 to 2033
Figure 3: Global Market Value (US$ million) by Region, 2023 to 2033
Figure 4: Global Market Value (US$ million) Analysis by Region, 2017 to 2033
Figure 5: Global Market Value Share (%) and BPS Analysis by Region, 2023 to 2033
Figure 6: Global Market Y-o-Y Growth (%) Projections by Region, 2023 to 2033
Figure 7: Global Market Value (US$ million) Analysis by Vehicle Type, 2017 to 2033
Figure 8: Global Market Value Share (%) and BPS Analysis by Vehicle Type, 2023 to 2033
Figure 9: Global Market Y-o-Y Growth (%) Projections by Vehicle Type, 2023 to 2033
Figure 10: Global Market Value (US$ million) Analysis by Sales Channel, 2017 to 2033
Figure 11: Global Market Value Share (%) and BPS Analysis by Sales Channel, 2023 to 2033
Figure 12: Global Market Y-o-Y Growth (%) Projections by Sales Channel, 2023 to 2033
Figure 13: Global Market Attractiveness by Vehicle Type, 2023 to 2033
Figure 14: Global Market Attractiveness by Sales Channel, 2023 to 2033
Figure 15: Global Market Attractiveness by Region, 2023 to 2033
Figure 16: North America Market Value (US$ million) by Vehicle Type, 2023 to 2033
Figure 17: North America Market Value (US$ million) by Sales Channel, 2023 to 2033
Figure 18: North America Market Value (US$ million) by Country, 2023 to 2033
Figure 19: North America Market Value (US$ million) Analysis by Country, 2017 to 2033
Figure 20: North America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 21: North America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 22: North America Market Value (US$ million) Analysis by Vehicle Type, 2017 to 2033
Figure 23: North America Market Value Share (%) and BPS Analysis by Vehicle Type, 2023 to 2033
Figure 24: North America Market Y-o-Y Growth (%) Projections by Vehicle Type, 2023 to 2033
Figure 25: North America Market Value (US$ million) Analysis by Sales Channel, 2017 to 2033
Figure 26: North America Market Value Share (%) and BPS Analysis by Sales Channel, 2023 to 2033
Figure 27: North America Market Y-o-Y Growth (%) Projections by Sales Channel, 2023 to 2033
Figure 28: North America Market Attractiveness by Vehicle Type, 2023 to 2033
Figure 29: North America Market Attractiveness by Sales Channel, 2023 to 2033
Figure 30: North America Market Attractiveness by Country, 2023 to 2033
Figure 31: Latin America Market Value (US$ million) by Vehicle Type, 2023 to 2033
Figure 32: Latin America Market Value (US$ million) by Sales Channel, 2023 to 2033
Figure 33: Latin America Market Value (US$ million) by Country, 2023 to 2033
Figure 34: Latin America Market Value (US$ million) Analysis by Country, 2017 to 2033
Figure 35: Latin America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 36: Latin America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 37: Latin America Market Value (US$ million) Analysis by Vehicle Type, 2017 to 2033
Figure 38: Latin America Market Value Share (%) and BPS Analysis by Vehicle Type, 2023 to 2033
Figure 39: Latin America Market Y-o-Y Growth (%) Projections by Vehicle Type, 2023 to 2033
Figure 40: Latin America Market Value (US$ million) Analysis by Sales Channel, 2017 to 2033
Figure 41: Latin America Market Value Share (%) and BPS Analysis by Sales Channel, 2023 to 2033
Figure 42: Latin America Market Y-o-Y Growth (%) Projections by Sales Channel, 2023 to 2033
Figure 43: Latin America Market Attractiveness by Vehicle Type, 2023 to 2033
Figure 44: Latin America Market Attractiveness by Sales Channel, 2023 to 2033
Figure 45: Latin America Market Attractiveness by Country, 2023 to 2033
Figure 46: Eastern Europe Market Value (US$ million) by Vehicle Type, 2023 to 2033
Figure 47: Eastern Europe Market Value (US$ million) by Sales Channel, 2023 to 2033
Figure 48: Eastern Europe Market Value (US$ million) by Country, 2023 to 2033
Figure 49: Eastern Europe Market Value (US$ million) Analysis by Country, 2017 to 2033
Figure 50: Eastern Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 51: Eastern Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 52: Eastern Europe Market Value (US$ million) Analysis by Vehicle Type, 2017 to 2033
Figure 53: Eastern Europe Market Value Share (%) and BPS Analysis by Vehicle Type, 2023 to 2033
Figure 54: Eastern Europe Market Y-o-Y Growth (%) Projections by Vehicle Type, 2023 to 2033
Figure 55: Eastern Europe Market Value (US$ million) Analysis by Sales Channel, 2017 to 2033
Figure 56: Eastern Europe Market Value Share (%) and BPS Analysis by Sales Channel, 2023 to 2033
Figure 57: Eastern Europe Market Y-o-Y Growth (%) Projections by Sales Channel, 2023 to 2033
Figure 58: Eastern Europe Market Attractiveness by Vehicle Type, 2023 to 2033
Figure 59: Eastern Europe Market Attractiveness by Sales Channel, 2023 to 2033
Figure 60: Eastern Europe Market Attractiveness by Country, 2023 to 2033
Figure 61: Western Europe Market Value (US$ million) by Vehicle Type, 2023 to 2033
Figure 62: Western Europe Market Value (US$ million) by Sales Channel, 2023 to 2033
Figure 63: Western Europe Market Value (US$ million) by Country, 2023 to 2033
Figure 64: Western Europe Market Value (US$ million) Analysis by Country, 2017 to 2033
Figure 65: Western Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 66: Western Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 67: Western Europe Market Value (US$ million) Analysis by Vehicle Type, 2017 to 2033
Figure 68: Western Europe Market Value Share (%) and BPS Analysis by Vehicle Type, 2023 to 2033
Figure 69: Western Europe Market Y-o-Y Growth (%) Projections by Vehicle Type, 2023 to 2033
Figure 70: Western Europe Market Value (US$ million) Analysis by Sales Channel, 2017 to 2033
Figure 71: Western Europe Market Value Share (%) and BPS Analysis by Sales Channel, 2023 to 2033
Figure 72: Western Europe Market Y-o-Y Growth (%) Projections by Sales Channel, 2023 to 2033
Figure 73: Western Europe Market Attractiveness by Vehicle Type, 2023 to 2033
Figure 74: Western Europe Market Attractiveness by Sales Channel, 2023 to 2033
Figure 75: Western Europe Market Attractiveness by Country, 2023 to 2033
Figure 76: South Asia Pacific Market Value (US$ million) by Vehicle Type, 2023 to 2033
Figure 77: South Asia Pacific Market Value (US$ million) by Sales Channel, 2023 to 2033
Figure 78: South Asia Pacific Market Value (US$ million) by Country, 2023 to 2033
Figure 79: South Asia Pacific Market Value (US$ million) Analysis by Country, 2017 to 2033
Figure 80: South Asia Pacific Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 81: South Asia Pacific Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 82: South Asia Pacific Market Value (US$ million) Analysis by Vehicle Type, 2017 to 2033
Figure 83: South Asia Pacific Market Value Share (%) and BPS Analysis by Vehicle Type, 2023 to 2033
Figure 84: South Asia Pacific Market Y-o-Y Growth (%) Projections by Vehicle Type, 2023 to 2033
Figure 85: South Asia Pacific Market Value (US$ million) Analysis by Sales Channel, 2017 to 2033
Figure 86: South Asia Pacific Market Value Share (%) and BPS Analysis by Sales Channel, 2023 to 2033
Figure 87: South Asia Pacific Market Y-o-Y Growth (%) Projections by Sales Channel, 2023 to 2033
Figure 88: South Asia Pacific Market Attractiveness by Vehicle Type, 2023 to 2033
Figure 89: South Asia Pacific Market Attractiveness by Sales Channel, 2023 to 2033
Figure 90: South Asia Pacific Market Attractiveness by Country, 2023 to 2033
Figure 91: MEA Market Value (US$ million) by Vehicle Type, 2023 to 2033
Figure 92: MEA Market Value (US$ million) by Sales Channel, 2023 to 2033
Figure 93: MEA Market Value (US$ million) by Country, 2023 to 2033
Figure 94: MEA Market Value (US$ million) Analysis by Country, 2017 to 2033
Figure 95: MEA Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 96: MEA Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 97: MEA Market Value (US$ million) Analysis by Vehicle Type, 2017 to 2033
Figure 98: MEA Market Value Share (%) and BPS Analysis by Vehicle Type, 2023 to 2033
Figure 99: MEA Market Y-o-Y Growth (%) Projections by Vehicle Type, 2023 to 2033
Figure 100: MEA Market Value (US$ million) Analysis by Sales Channel, 2017 to 2033
Figure 101: MEA Market Value Share (%) and BPS Analysis by Sales Channel, 2023 to 2033
Figure 102: MEA Market Y-o-Y Growth (%) Projections by Sales Channel, 2023 to 2033
Figure 103: MEA Market Attractiveness by Vehicle Type, 2023 to 2033
Figure 104: MEA Market Attractiveness by Sales Channel, 2023 to 2033
Figure 105: MEA Market Attractiveness by Country, 2023 to 2033
Figure 106: East Asia Market Value (US$ million) by Vehicle Type, 2023 to 2033
Figure 107: East Asia Market Value (US$ million) by Sales Channel, 2023 to 2033
Figure 108: East Asia Market Value (US$ million) by Country, 2023 to 2033
Figure 109: East Asia Market Value (US$ million) Analysis by Country, 2017 to 2033
Figure 110: East Asia Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 111: East Asia Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 112: East Asia Market Value (US$ million) Analysis by Vehicle Type, 2017 to 2033
Figure 113: East Asia Market Value Share (%) and BPS Analysis by Vehicle Type, 2023 to 2033
Figure 114: East Asia Market Y-o-Y Growth (%) Projections by Vehicle Type, 2023 to 2033
Figure 115: East Asia Market Value (US$ million) Analysis by Sales Channel, 2017 to 2033
Figure 116: East Asia Market Value Share (%) and BPS Analysis by Sales Channel, 2023 to 2033
Figure 117: East Asia Market Y-o-Y Growth (%) Projections by Sales Channel, 2023 to 2033
Figure 118: East Asia Market Attractiveness by Vehicle Type, 2023 to 2033
Figure 119: East Asia Market Attractiveness by Sales Channel, 2023 to 2033
Figure 120: East Asia Market Attractiveness by Country, 2023 to 2033
