Air Suspension Market - Forecast 2021-2026
Air Suspension Market Overview Air Suspension Market size is forecast to reach $8.6 billion by 2026, after growing at a CAGR of 3.8% during 2021-2026. The rise in technological advancements such as the introduction of chassis air suspension control, electronically controlled air suspension system (ECAS), electronic air suspension system (EASS) and non-electronically controlled air suspension system that is fueling the air suspension market in recent years. Additionally, the usage of air suspension system as an air-operated, microprocessor-controlled suspension system along with shock absorbers and solenoid valves for replacement of conventional coil spring suspension is also further fueling the air suspension industry in automotive. The growing demand for luxury buses and luxury passenger cars for convenience and comfort travelling is gaining traction and will further enhance the overall market demand for air suspension market during the forecast period. Report Coverage The report: “A...