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Global Bus Air Suspension System Market 2017-2021

Global Bus Air Suspension System Market 2017-2021

About Bus Air Suspension System

Air suspension system is a type of vehicle suspension that uses an air pump or compressor to pump air into the airbag (bellow). These bellows are made from reinforced rubber to allow air pressure to inflate them and thus raise the vehicle body from the axle. A suspension system in a vehicle enables connection between the vehicle body and the wheels and allows relative motion between them. The main components included in the suspension are a system of tires, springs, shock absorbers, and linkages.

Technavio’s analysts forecast the global bus air suspension system market to grow at a CAGR of 1.58% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global bus air suspension system market for 2017-2021. To calculate the market size, the report considers the shipments of buses that adopt air suspension systems and excludes aftermarket volumes.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Bus Air Suspension System Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Continental
  • Hendrickson
  • ThyssenKrupp
  • WABCO
Other prominent vendors
  • BeijingWest Industries (BWI Group)
  • Dunlop Systems and Components
  • Hitachi
  • Infineon Technologies
  • LORD Corporation
  • Mando Corp.
  • Volvo Buses
  • Wheels India Limited
  • ZF
Market driver
  • Rising demand for luxury buses and coaches
  • For a full, detailed list, view our report
Market challenge
  • High cost of repairs
  • For a full, detailed list, view our report
Market trend
  • Aftermarket component inclusions within OEM-fitted air suspension systems
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Bus Air Suspension System Market 2017-2021

Technavio recognizes the following companies as the key players in the global bus air suspension system market: Continental, Hendrickson, ThyssenKrupp, and WABCO.

Other Prominent Vendors in the market are: BeijingWest Industries (BWI Group), Dunlop Systems and Components, Hitachi, Infineon Technologies, LORD Corporation, Mando Corp, Volvo Buses, Wheels India Limited, and ZF.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is aftermarket component inclusions within oem-fitted air suspension systems. Fleet operators of commercial vehicles are turning pure airbags of air suspension systems to airbags with coil springs fitted inside them. This usually comes as an aftermarket upgrade from the factory built pure airbag air suspension system, which is prone to rupturing issues.”

According to the report, one of the major drivers for this market is rising demand for luxury buses and coaches. Global bus and coach manufacturing is in a growing phase, driven by economic growth in emerging nations, especially in countries such as China and India, where demand for public transport is high. As the demand for intercity transportation grows, there will be rising demand for luxury buses and coaches worldwide. A series of takeovers and joint ventures have happened in the market, particularly in China, India, and Russia, as these manufacturers seek to secure a role in growing markets.

Further, the report states that one of the major factors hindering the growth of this market is high cost of repairs. Low-end ECASS usually are priced upwards of $2,000, while high-end systems are sold at rates above $10,000. This high initial cost of ECASS is also reflected in the replacement parts market. The failure of multiple components can cost between $2,000 and $6,500 to repair, depending on the nature of damage and the components that need to be replaced. In addition, many components are sold in pairs (for example, the airbags used in the suspension system). This means bus owners will have to purchase the entire set even though they only one of the parts needed to be replaced.



Companies Mentioned

Continental, Hendrickson, ThyssenKrupp, WABCO, BeijingWest Industries (BWI Group), Dunlop Systems and Components, Hitachi, Infineon Technologies, LORD Corporation, Mando Corp, Volvo Buses, Wheels India Limited, and ZF.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Key market highlights
      • Table Suspension system types
      • Table Schematic diagram of ECASS
      • Table Modes of ECASS
  • Market landscape
    • Market overview
      • Table Segmentation of global bus air suspension system market
    • Market size and forecast
      • Table Global bus air suspension system market 2016-2021 (thousands of units)
    • Five forces analysis
      • Table Five forces analysis
  • Geographical segmentation
    • Market overview
      • Table Global bus air suspension system market by geography 2016
      • Table Global bus air suspension system market by geography 2021
      • Table Global bus air suspension system market by geography 2016-2021
    • Market in APAC
      • Table Bus air suspension system market in APAC 2016-2021 (thousands of units)
      • Table Fund allocation to infrastructure sub-segments: 12th Five Year Plan ($ billions)
    • Market in EMEA
      • Table Bus air suspension system market in EMEA 2016-2021 (thousands of units)
    • Market in the Americas
      • Table Bus air suspension system market in the Americas 2016-2021 (thousands of units)
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Aftermarket component inclusions within OEMfitted air suspension systems
    • Growing penetration of ECASS
    • Use of air suspension systems in off-road vehicles in Europe
  • Vendor landscape
    • Competitive benchmarking
      • Table Competitive benchmarking of global bus air suspension system market: Key vendors
    • Other prominent vendors
  • Key vendor analysis
    • Continental
      • Table Continental: Business segmentation by revenue 2016
      • Table Continental: Geographic segmentation by revenue 2016
      • Table Continental: Product portfolio
    • Hendrickson
      • Table Product portfolio
      • Table Hendrickson: Recent developments
    • thyssenkrupp
      • Table Suspension product portfolio of thyssenkrupp
      • Table thyssenkrupp: Recent developments
    • WABCO
      • Table WABCO in commercial vehicle market
      • Table WABCO: Product portfolio
      • Table WABCO: Recent developments
  • Appendix
    • List of abbreviations
  • Explore Technavio

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