QY Research has published a new report on the global bus air suspension system market, titled “Global Bus Air Suspension System Market Report, History and Forecast 2014-2025.” The research study provides powerful recommendations and useful advice for new entrants as well as leading players of the global market. According to the analysts who have authored this report, the global market is predicted to grow at a sluggish CAGR of 0.3% during the forecast period 2019-2025. By 2025, it is expected to earn US$1.12 Bn, slightly improving its value from US$1.10 Bn obtained in 2018.
What are the drivers and restraints of the global bus air suspension system market?
One of the most important growth driving factors of the global bus air suspension system market is the rising demand for luxury coaches and buses. High demand for public transport in India, China, and other emerging countries is predicted to augur well for the global market. On the other hand, high economic growth rate of these countries is expected to indirectly push the global market growth. The demand for luxury coaches and buses is foreseen to improve due to the increase in the need for intercity transportation.
One of the latest trends showing a strong rise in the global market is the increasing penetration of electronically controlled air suspension system (ECASS). High engine efficiency, decrease in fuel costs, and other benefits are foretold to increase the demand for ECASS. However, expensive cost of the adoption and development of advanced suspension systems is prophesied to delay the growth of the global market.
Which segment will take a larger share of the global bus air suspension system market?
The global bus air suspension system market is segmented by application and type of product. The researchers have analyzed two key applications of bus air suspension system, viz. small and medium size bus and large size bus. By product type, the global market is segmented into electronic air suspension and manual air suspension. As per the report, manual air suspension accounted for the highest share of the global market.
Which regional market is expected to show the highest growth?
The global bus air suspension system market is segmented into five important regions, i.e. the MEA, Asia Pacific, South America, Europe, and North America. The analysts have also covered key countries such as Italy, Germany, GCC countries, Egypt, Brazil, Korea, China, the US, and Canada.
According to the analysts, Europe took a leading position in the global market in terms of market share, followed by China. The China market is anticipated to gain from high disposable income of people and growing customer base.
Which are the leading manufacturers of bus air suspension system?
Some of the top players operating in the global bus air suspension system market are Continental, SAF-Holland, ZF, and Hendrickson. Each player profiled in the report is carefully analyzed with large focus on recent developments, market share, product portfolio, production, and revenue. Manufacturers are expected to adopt strategies such as joint venture to secure a position of strength in the global market.
Full Report Overview@ https://www.qyresearch.com/index/detail/1076680/global-bus-air-suspension-system-market