Global Electronically Controlled Air Suspension Market in Commercial Vehicles 2016-2020

Overview of the global ECAS market in commercial vehicles

Technavio’s market research analyst predicts that the global commercial vehicle electronically controlled air suspension (ECAS) market will grow steadily and post a CAGR of about 6% by 2020. One of the primary factors attributing to the growth of the market will be the growing demand for Class 7 and Class 8 trucks. It has been observed that there will be a high demand for heavy haul trucks in the APAC region, especially in countries such as India, Indonesia, Thailand, China, and Malaysia. The rising requirement will be mainly due to the increasing demand for infrastructure and the growing economies of these countries. Moreover, strict emission norms have forced OEMs (original equipment manufacturer) to adopt advanced fuel-efficient technologies, AMT (automatic manual transmission), lightweight materials, and downsize their engine size and powertrain. These developments coupled with recent product innovations will lead to the increased production of heavy haul trucks over the next four years.

One of the recent trends in the market is the adoption of truck platooning technology. This technology enables multiple trucks to travel at an aerodynamically effective distance and drive cooperatively by maintaining the distance at high speeds. Also, communications among truck fleets are empowered by wireless connectivity, which allows the platoon to synchronize their speed and braking actions automatically. Such technologies result in efficient road travel, safe commute, better space utilization on the road, and operative traffic management.

Competitive landscape and key vendors

The level of competition in this market is controlled by the existing and established players. These vendors have a competitive advantage because of their higher portfolio sizes and ability to develop commercial vehicles with ECAS systems. The manufacturers also invest in technologies to introduce and develop innovations that can be customized according to the consumer’s needs. Moreover, to survive in the market, vendors have to offer unique products and services during the forecast period.

The leading players in the market are:

• Meritor Wabco
• Continental
• Volvo Trucks
• Hendrickson
• Wheels India

Other prominent players in the market are Dunlop Systems, Murata, Drive-Rite, Mando, LORD, thyssenkrupp, and BWI Group.

Segmentation based on the number of axles and analysis of the commercial vehicle ECAS market

• Two axles trucks
• Three axles trucks
• Four axles trucks

Market researchers predict that the two axles trucks segment will dominate the market by posting a CAGR of approximately 7% by 2020. The growing demand for vehicles from EMEA and the Americas coupled with the easy installation feature of ECAS will be some of the factors contributing towards the growth of this market segment.

Segmentation based on geography and analysis of the commercial vehicle ECAS market

• APAC
• EMEA
• Latin America
• North America

During 2015, North America was the largest market for commercial ECAS and accounted for almost 28% of the total market share. The higher demand for trucks with new models for achieving better fuel efficiency, productivity, and reliability will contribute to the growth of the market in North America. Furthermore, OEMs in this region will invest in R&Ds to increase efficiency and reduce the cost of sales and services.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global commercial vehicle ECAS market?
• What are the key market trends impacting the growth of the global commercial vehicle ECAS market?
• What are the challenges to market growth?
• Who are the key vendors in the global commercial vehicle ECAS market?
• What are the market opportunities and threats faced by the vendors in the global commercial vehicle ECAS market?
• Trending factors influencing the market shares of APAC, EMEA, Latin America, and North America.
• What are the key outcomes of the five forces analysis of the global commercial vehicle ECAS market?

What’s your takeaway?

This report, global commercial vehicle electronically controlled air suspension market, is part of Technavio’s automotive research portfolio. This portfolio provides a comprehensive market analysis along with the market share, market sizing, and market segmentations covering areas such as auto accessories, automotive components, automotive electronics, automotive manufacturing, automotive services, powertrain, and wheels and tires. These market research reports provide a perspective on the various market opportunities and market threats along with the key trends that would influence the market growth during the forecast period. It presents insights into the changing competitive landscape and a detailed profiling and market analysis of the vendors. Also covered in the research are the key regions or countries that would have an impact on the market during the assessment years.

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