The Latin America, Middle East and Africa Air Suspension Compressor Market would witness market growth of 8.7% CAGR during the forecast period (2021-2027).
An air suspension system allows the driver to customize the car's ride comfort and handling to their specific tastes. When a driver has the option of selecting a firmer drive for highway driving or a lighter feel for challenging roads, a person maintains control regardless of the terrain. Air suspension allows for faster cornering speeds and more control when turning corners because the vehicle is better adapted to the road conditions. With an adjustable suspension that allows the vehicle to be lowered to the ground, the drag can be reduced at faster speeds. Furthermore, the ability to lift the automobile for everyday use comes in helpful when driving off-road.
According to the Associaço Nacional dos Fabricantes de Veculos Automotores (ANFAVEA), the national organization of automotive vehicle makers, the Brazilian automotive sector continues to display good sales and production results. This recovery is taking place in an environment where the automobile industry faces significant problems, but year-end estimates are quite near to the association's expectations.
As per the same source, despite the recent improvement, revised year-end predictions continue to show significant decreases in all metrics. The latest projection for 2020 production is 1,915 million units, the lowest since 2003 and down 35% from 2019. Domestic market sales are expected to be 1,925 million units, a 31% decrease from 2019 and the lowest level since 2005.
The Brazil market dominated the LAMEA Air Suspension Compressor Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $45.5 million by 2027. The Argentina market is anticipated to grow at a CAGR of 9.3% during (2021 - 2027). Additionally, The UAE market would showcase a CAGR of 8.4% during (2021 - 2027).
Based on Vehicle Type, the market is segmented into Passenger Vehicle and Commercial Vehicle. Based on Sales Channel, the market is segmented into OEM and Aftersales. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Air Suspension Compressor Market is Predict to reach $3 Billion by 2027, at a CAGR of 6.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Arnott Air Suspension Products, AT Parts Germany GmbH, Guangzhou CYS Auto Parts Co., Ltd., Stellantis N.V., Guangzhou Tech master auto parts co. Ltd., Miessler Automotive GmbH & Co. KG, VIAIR Corporation, Zhejiang Bocheng Automotive Technology Co. Ltd., and ZF Friedrichshafen AG.
Scope of the Study
Market Segments Covered in the Report:
By Vehicle Type
- Passenger Vehicle
- Commercial Vehicle
By Sales Channel
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Arnott Air Suspension Products
- AT Parts Germany GmbH
- Guangzhou CYS Auto Parts Co., Ltd.
- Stellantis N.V.
- Guangzhou Tech master auto parts co. Ltd.
- Miessler Automotive GmbH & Co. KG
- VIAIR Corporation
- Zhejiang Bocheng Automotive Technology Co. Ltd.
- ZF Friedrichshafen AG
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Air Suspension Compressor Market, by Vehicle Type
1.4.2 LAMEA Air Suspension Compressor Market, by Sales Channel
1.4.3 LAMEA Air Suspension Compressor Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. LAMEA Air Suspension Compressor Market by Vehicle Type
3.1 LAMEA Passenger Vehicle Market by Country
3.2 LAMEA Commercial Vehicle Market by Country
Chapter 4. LAMEA Air Suspension Compressor Market by Sales Channel
4.1 LAMEA OEM Market by Country
4.2 LAMEA Aftersales Market by Country
Chapter 5. LAMEA Air Suspension Compressor Market by Country
5.1 Brazil Air Suspension Compressor Market
5.1.1 Brazil Air Suspension Compressor Market by Vehicle Type
5.1.2 Brazil Air Suspension Compressor Market by Sales Channel
5.2 Argentina Air Suspension Compressor Market
5.2.1 Argentina Air Suspension Compressor Market by Vehicle Type
5.2.2 Argentina Air Suspension Compressor Market by Sales Channel
5.3 UAE Air Suspension Compressor Market
5.3.1 UAE Air Suspension Compressor Market by Vehicle Type
5.3.2 UAE Air Suspension Compressor Market by Sales Channel
5.4 Saudi Arabia Air Suspension Compressor Market
5.4.1 Saudi Arabia Air Suspension Compressor Market by Vehicle Type
5.4.2 Saudi Arabia Air Suspension Compressor Market by Sales Channel
5.5 South Africa Air Suspension Compressor Market
5.5.1 South Africa Air Suspension Compressor Market by Vehicle Type
5.5.2 South Africa Air Suspension Compressor Market by Sales Channel
5.6 Nigeria Air Suspension Compressor Market
5.6.1 Nigeria Air Suspension Compressor Market by Vehicle Type
5.6.2 Nigeria Air Suspension Compressor Market by Sales Channel
5.7 Rest of LAMEA Air Suspension Compressor Market
5.7.1 Rest of LAMEA Air Suspension Compressor Market by Vehicle Type
5.7.2 Rest of LAMEA Air Suspension Compressor Market by Sales Channel
Chapter 6. Company Profiles
6.1 Arnott Air Suspension Products
6.1.1 Company Overview
6.1.2 Recent strategies and developments:
6.1.2.1 Product Launches and Product Expansions:
6.2 AT Parts Germany GmbH (Aerosus)
6.2.1 Company Overview
6.3 Guangzhou CYS Auto Parts Co., Ltd.
6.3.1 Company Overview
6.4 Stellantis N.V. (Mopar)
6.4.1 Company Overview
6.5 Guangzhou Tech master auto parts Co. Ltd.
6.5.1 Company Overview
6.6 Miessler Automotive GmbH & Co. KG
6.6.1 Company Overview
6.7 VIAIR Corporation
6.7.1 Company Overview
6.8 Zhejiang Bocheng Automotive Technology Co. Ltd.
6.8.1 Company Overview
6.9 ZF Friedrichshafen AG
6.9.1 Company Overview
6.9.2 Financial Analysis
6.9.3 Segmental and Regional Analysis
6.9.4 Research & Development Expenses
TABLE 1 LAMEA Air Suspension Compressor Market, 2017 - 2020, USD Million
TABLE 2 LAMEA Air Suspension Compressor Market, 2021 - 2027, USD Million
TABLE 3 LAMEA Air Suspension Compressor Market by Vehicle Type, 2017 - 2020, USD Million
TABLE 4 LAMEA Air Suspension Compressor Market by Vehicle Type, 2021 - 2027, USD Million
TABLE 5 LAMEA Passenger Vehicle Market by Country, 2017 - 2020, USD Million
TABLE 6 LAMEA Passenger Vehicle Market by Country, 2021 - 2027, USD Million
TABLE 7 LAMEA Commercial Vehicle Market by Country, 2017 - 2020, USD Million
TABLE 8 LAMEA Commercial Vehicle Market by Country, 2021 - 2027, USD Million
TABLE 9 LAMEA Air Suspension Compressor Market by Sales Channel, 2017 - 2020, USD Million
TABLE 10 LAMEA Air Suspension Compressor Market by Sales Channel, 2021 - 2027, USD Million
TABLE 11 LAMEA OEM Market by Country, 2017 - 2020, USD Million
TABLE 12 LAMEA OEM Market by Country, 2021 - 2027, USD Million
TABLE 13 LAMEA Aftersales Market by Country, 2017 - 2020, USD Million
TABLE 14 LAMEA Aftersales Market by Country, 2021 - 2027, USD Million
TABLE 15 LAMEA Air Suspension Compressor Market by Country, 2017 - 2020, USD Million
TABLE 16 LAMEA Air Suspension Compressor Market by Country, 2021 - 2027, USD Million
TABLE 17 Brazil Air Suspension Compressor Market, 2017 - 2020, USD Million
TABLE 18 Brazil Air Suspension Compressor Market, 2021 - 2027, USD Million
TABLE 19 Brazil Air Suspension Compressor Market by Vehicle Type, 2017 - 2020, USD Million
TABLE 20 Brazil Air Suspension Compressor Market by Vehicle Type, 2021 - 2027, USD Million
TABLE 21 Brazil Air Suspension Compressor Market by Sales Channel, 2017 - 2020, USD Million
TABLE 22 Brazil Air Suspension Compressor Market by Sales Channel, 2021 - 2027, USD Million
TABLE 23 Argentina Air Suspension Compressor Market, 2017 - 2020, USD Million
TABLE 24 Argentina Air Suspension Compressor Market, 2021 - 2027, USD Million
TABLE 25 Argentina Air Suspension Compressor Market by Vehicle Type, 2017 - 2020, USD Million
TABLE 26 Argentina Air Suspension Compressor Market by Vehicle Type, 2021 - 2027, USD Million
TABLE 27 Argentina Air Suspension Compressor Market by Sales Channel, 2017 - 2020, USD Million
TABLE 28 Argentina Air Suspension Compressor Market by Sales Channel, 2021 - 2027, USD Million
TABLE 29 UAE Air Suspension Compressor Market, 2017 - 2020, USD Million
TABLE 30 UAE Air Suspension Compressor Market, 2021 - 2027, USD Million
TABLE 31 UAE Air Suspension Compressor Market by Vehicle Type, 2017 - 2020, USD Million
TABLE 32 UAE Air Suspension Compressor Market by Vehicle Type, 2021 - 2027, USD Million
TABLE 33 UAE Air Suspension Compressor Market by Sales Channel, 2017 - 2020, USD Million
TABLE 34 UAE Air Suspension Compressor Market by Sales Channel, 2021 - 2027, USD Million
TABLE 35 Saudi Arabia Air Suspension Compressor Market, 2017 - 2020, USD Million
TABLE 36 Saudi Arabia Air Suspension Compressor Market, 2021 - 2027, USD Million
TABLE 37 Saudi Arabia Air Suspension Compressor Market by Vehicle Type, 2017 - 2020, USD Million
TABLE 38 Saudi Arabia Air Suspension Compressor Market by Vehicle Type, 2021 - 2027, USD Million
TABLE 39 Saudi Arabia Air Suspension Compressor Market by Sales Channel, 2017 - 2020, USD Million
TABLE 40 Saudi Arabia Air Suspension Compressor Market by Sales Channel, 2021 - 2027, USD Million
TABLE 41 South Africa Air Suspension Compressor Market, 2017 - 2020, USD Million
TABLE 42 South Africa Air Suspension Compressor Market, 2021 - 2027, USD Million
TABLE 43 South Africa Air Suspension Compressor Market by Vehicle Type, 2017 - 2020, USD Million
TABLE 44 South Africa Air Suspension Compressor Market by Vehicle Type, 2021 - 2027, USD Million
TABLE 45 South Africa Air Suspension Compressor Market by Sales Channel, 2017 - 2020, USD Million
TABLE 46 South Africa Air Suspension Compressor Market by Sales Channel, 2021 - 2027, USD Million
TABLE 47 Nigeria Air Suspension Compressor Market, 2017 - 2020, USD Million
TABLE 48 Nigeria Air Suspension Compressor Market, 2021 - 2027, USD Million
TABLE 49 Nigeria Air Suspension Compressor Market by Vehicle Type, 2017 - 2020, USD Million
TABLE 50 Nigeria Air Suspension Compressor Market by Vehicle Type, 2021 - 2027, USD Million
TABLE 51 Nigeria Air Suspension Compressor Market by Sales Channel, 2017 - 2020, USD Million
TABLE 52 Nigeria Air Suspension Compressor Market by Sales Channel, 2021 - 2027, USD Million
TABLE 53 Rest of LAMEA Air Suspension Compressor Market, 2017 - 2020, USD Million
TABLE 54 Rest of LAMEA Air Suspension Compressor Market, 2021 - 2027, USD Million
TABLE 55 Rest of LAMEA Air Suspension Compressor Market by Vehicle Type, 2017 - 2020, USD Million
TABLE 56 Rest of LAMEA Air Suspension Compressor Market by Vehicle Type, 2021 - 2027, USD Million
TABLE 57 Rest of LAMEA Air Suspension Compressor Market by Sales Channel, 2017 - 2020, USD Million
TABLE 58 Rest of LAMEA Air Suspension Compressor Market by Sales Channel, 2021 - 2027, USD Million
TABLE 59 Key Information – Arnott Air Suspension Products
TABLE 60 Key Information – AT Parts Germany GmbH
TABLE 61 Key Information – Guangzhou CYS Auto Parts Co., Ltd.
TABLE 62 Key information – Stellantis N.V.
TABLE 63 Key Information – Guangzhou Tech master auto parts co. Ltd.
TABLE 64 Key Information – Miessler Automotive GmbH & Co. KG
TABLE 65 Key Information – VIAIR Corporation
TABLE 66 Key Information – Zhejiang Bocheng Automotive Technology Co. Ltd.
TABLE 67 Key Information – ZF Friedrichshafen AG
List of Figures
FIG 1 Methodology for the research