Global Bus Air Suspension System Market 2017-2021

Overview of the global bus air suspension system market

Market research analysts at Technavio predict that in terms of units, the bus air suspension system market will grow steadily at a CAGR of around 2% by 2021. This market research analysis identifies the increasing demand for luxury buses and coaches as one of the primary growth factors for this market. The growth of the global bus and coach manufacturing industry is mainly driven by the economic growth rate in developing nations such as China and India where demand for public transport is high. With the rise in the requirement for intercity transportation, the demand for luxury buses and coaches will subsequently increase across the world. Moreover, the market is also witnessing a series of takeovers and joint ventures particularly in countries such as China, India, and Russia, as manufacturers are looking at setting up a strong footprint in growing markets. For instance, MarcoPolo has collaborations with global OEMs such as Mercedes-Benz, Russia’s Kamaz, and India’s Tata Motors.

The rising penetration of electronically controlled air suspension system (ECASS) is one of the latest trends that will gain traction in the bus air suspension system market. ECASS offers benefits such as reduction in fuel costs and improvement in engine efficiency. The system also offers other advantages such as the automatic adjustment of preset levels, lowering and short lifting of vehicles due to increased width of valves, and constant chassis leveling for any load application. 

Competitive landscape and key vendors  

The bus air suspension system market consists of numerous prominent vendors and a few small-scale vendors. These vendors offer products that can be customized based on the type and specification of buses for both rear and front axles. The manufacturers in the market are shifting their production bases to developing countries to benefit from cost advantages and expand their geographic presence.

The leading vendors in the market are -

• Continental
• Hendrickson
• thyssenkrupp
• WABCO

The 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.

Geographical segmentation and analysis of the bus air suspension system market

• Americas
• APAC
• EMEA

According to this market research report, APAC accounted for the maximum share of the bus air suspension system market during 2016. The demand for public bus transport facilities and the presence of countries with high population density, will be the major factors propelling the market’s growth in this region during the forecast period. Moreover, the presence of major bus manufacturers due to benefits such as low-cost production, labor, and supportive government policies will also contribute to the growth of the market in APAC.

Growth drivers, challenges, and upcoming trends: Aftermarket component inclusions within OEM-fitted air suspension systems.

Operators of commercial vehicles are altering the 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 that is prone to rupturing. The major driving factor for these developments is the need to reduce service and maintenance costs in air suspension systems. Additionally, the manufacturers of custom-made airbag units for air suspension systems are also providing different variants for leaf springs and torsion bar suspensions.

This report provides a number of factors contributing to the adoption, limitations, and opportunities of the global bus air suspension system market. It also offers an analysis of each factor and an estimation of the extent to which the factors are likely to impact the overall market growth.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global bus air suspension system market?
• What are the key market trends impacting the growth of the global bus air suspension system market?
• What are the challenges to market growth?
• Who are the key vendors in the global bus air suspension system market?
• What are the market opportunities and threats faced by the vendors in the global bus air suspension system market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global bus air suspension system market?

Technavio also offers customization on reports based on specific client requirement.

In the quest to get better traction and superior stability and comfort, air suspension has come out as a standout choice among all other suspension technologies for heavy motor vehicles. Air suspension provides better comfort, stable steering, and provides cost-effective loading and unloading of containers. Technavio has a wide array of research reports for the automotive industry, which covers niche sectors such as automotive manufacturing, powertrain, and wheels and tires. The upcoming research report on the global bus air suspension system market helps the client in understanding the market space in-depth by reviewing factors such as market size, growth rate, new applications, and emerging markets.

Technavio follows extensive primary and secondary research methodologies to gather market intelligence data on emerging sectors, changing customer demands, and demand patterns across the geographic regions. The upcoming research report on global bus air suspension system market also considers the growth of related markets such as global automotive collapsible steering column market and global automotive air suspension market, which are expected to grow at a CAGR of 2% and 5%, respectively, for the forecast period of 2017 to 2021. Electronically controlled air suspension (ECAS) systems are gaining huge importance in this market as it can help low-floor buses adjust their height with the help of sensors. These sensors can also perform and adjust in conjunction with the load exerted onto the buses; thus, maintaining a comfortable chassis level. This trend is expected to drive the demand for air suspension systems.

The upcoming report on the bus air suspension system market will also cover other factors such as key drivers, demand as per geographic regions, top manufacturers and suppliers, and opportunities and challenges faced by the industry. The report also covers the growth of similar markets such as automotive electronics and automotive services sectors.