The North America Air Suspension Compressor Market would witness market growth of 6.4% CAGR during the forecast period (2021-2027).
The air suspension compressor industry has grown significantly as a result of its ability to provide high-quality and pleasant lengthy trips for both the driver and passengers. It also decreases the amount of damage done to the products during transportation. Suspension is responsible for ride quality and vehicle handling control, as cars with firm suspension have higher control over body movements and react rapidly. Ambulances, in particular, necessitate a high level of ride quality to protect patients who are already ill.
The market is expected to develop due to factors such as increased worldwide commercial vehicle sales and increased demand for premium and luxury cars. In addition, increased aftermarket demand for air suspension and related components, as well as an increase in demand for lightweight air suspension systems, are likely to generate multiple chances for the air suspension market to grow and expand. However, market growth is expected to be hampered by issues such as the high development and deployment costs of air suspension.
Currently, the regional market is witnessing the development of the automotive industry and an increase in vehicle production. In addition, the National Automobile Dealers Association (NADA) forecasts 16.3 million light-vehicle sales in 2021, up 12.7 percent from 2020. As a result, higher vehicle production will raise demand for air suspension compressor systems.
Some of the major trends of the regional market are the booming construction industry and favorable government initiatives in the United States. According to the International Organization of Motor Vehicle Manufacturers, commercial vehicle production in the United States will reach 8.1 million units in 2020. As the need for large trucks and buses grows, OEMs and automakers are increasing their use of air suspension systems to meet the demand.
The US market dominated the North America Air Suspension Compressor Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $586 million by 2027. The Canada market is estimated to witness a CAGR of 8.9% during (2021 - 2027). Additionally, The Mexico market would display a CAGR of 7.9% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Air Suspension Compressor Market is Estimated 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
- US
- Canada
- Mexico
- Rest of North America
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 North America Air Suspension Compressor Market, by Vehicle Type
1.4.2 North America Air Suspension Compressor Market, by Sales Channel
1.4.3 North America 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. North America Air Suspension Compressor Market by Vehicle Type
3.1 North America Passenger Vehicle Market by Country
3.2 North America Commercial Vehicle Market by Country
Chapter 4. North America Air Suspension Compressor Market by Sales Channel
4.1 North America OEM Market by Country
4.2 North America Aftersales Market by Country
Chapter 5. North America Air Suspension Compressor Market by Country
5.1 US Air Suspension Compressor Market
5.1.1 US Air Suspension Compressor Market by Vehicle Type
5.1.2 US Air Suspension Compressor Market by Sales Channel
5.2 Canada Air Suspension Compressor Market
5.2.1 Canada Air Suspension Compressor Market by Vehicle Type
5.2.2 Canada Air Suspension Compressor Market by Sales Channel
5.3 Mexico Air Suspension Compressor Market
5.3.1 Mexico Air Suspension Compressor Market by Vehicle Type
5.3.2 Mexico Air Suspension Compressor Market by Sales Channel
5.4 Rest of North America Air Suspension Compressor Market
5.4.1 Rest of North America Air Suspension Compressor Market by Vehicle Type
5.4.2 Rest of North America 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 North America Air Suspension Compressor Market, 2017 - 2020, USD Million
TABLE 2 North America Air Suspension Compressor Market, 2021 - 2027, USD Million
TABLE 3 North America Air Suspension Compressor Market by Vehicle Type, 2017 - 2020, USD Million
TABLE 4 North America Air Suspension Compressor Market by Vehicle Type, 2021 - 2027, USD Million
TABLE 5 North America Passenger Vehicle Market by Country, 2017 - 2020, USD Million
TABLE 6 North America Passenger Vehicle Market by Country, 2021 - 2027, USD Million
TABLE 7 North America Commercial Vehicle Market by Country, 2017 - 2020, USD Million
TABLE 8 North America Commercial Vehicle Market by Country, 2021 - 2027, USD Million
TABLE 9 North America Air Suspension Compressor Market by Sales Channel, 2017 - 2020, USD Million
TABLE 10 North America Air Suspension Compressor Market by Sales Channel, 2021 - 2027, USD Million
TABLE 11 North America OEM Market by Country, 2017 - 2020, USD Million
TABLE 12 North America OEM Market by Country, 2021 - 2027, USD Million
TABLE 13 North America Aftersales Market by Country, 2017 - 2020, USD Million
TABLE 14 North America Aftersales Market by Country, 2021 - 2027, USD Million
TABLE 15 North America Air Suspension Compressor Market by Country, 2017 - 2020, USD Million
TABLE 16 North America Air Suspension Compressor Market by Country, 2021 - 2027, USD Million
TABLE 17 US Air Suspension Compressor Market, 2017 - 2020, USD Million
TABLE 18 US Air Suspension Compressor Market, 2021 - 2027, USD Million
TABLE 19 US Air Suspension Compressor Market by Vehicle Type, 2017 - 2020, USD Million
TABLE 20 US Air Suspension Compressor Market by Vehicle Type, 2021 - 2027, USD Million
TABLE 21 US Air Suspension Compressor Market by Sales Channel, 2017 - 2020, USD Million
TABLE 22 US Air Suspension Compressor Market by Sales Channel, 2021 - 2027, USD Million
TABLE 23 Canada Air Suspension Compressor Market, 2017 - 2020, USD Million
TABLE 24 Canada Air Suspension Compressor Market, 2021 - 2027, USD Million
TABLE 25 Canada Air Suspension Compressor Market by Vehicle Type, 2017 - 2020, USD Million
TABLE 26 Canada Air Suspension Compressor Market by Vehicle Type, 2021 - 2027, USD Million
TABLE 27 Canada Air Suspension Compressor Market by Sales Channel, 2017 - 2020, USD Million
TABLE 28 Canada Air Suspension Compressor Market by Sales Channel, 2021 - 2027, USD Million
TABLE 29 Mexico Air Suspension Compressor Market, 2017 - 2020, USD Million
TABLE 30 Mexico Air Suspension Compressor Market, 2021 - 2027, USD Million
TABLE 31 Mexico Air Suspension Compressor Market by Vehicle Type, 2017 - 2020, USD Million
TABLE 32 Mexico Air Suspension Compressor Market by Vehicle Type, 2021 - 2027, USD Million
TABLE 33 Mexico Air Suspension Compressor Market by Sales Channel, 2017 - 2020, USD Million
TABLE 34 Mexico Air Suspension Compressor Market by Sales Channel, 2021 - 2027, USD Million
TABLE 35 Rest of North America Air Suspension Compressor Market, 2017 - 2020, USD Million
TABLE 36 Rest of North America Air Suspension Compressor Market, 2021 - 2027, USD Million
TABLE 37 Rest of North America Air Suspension Compressor Market by Vehicle Type, 2017 - 2020, USD Million
TABLE 38 Rest of North America Air Suspension Compressor Market by Vehicle Type, 2021 - 2027, USD Million
TABLE 39 Rest of North America Air Suspension Compressor Market by Sales Channel, 2017 - 2020, USD Million
TABLE 40 Rest of North America Air Suspension Compressor Market by Sales Channel, 2021 - 2027, USD Million
TABLE 41 Key Information – Arnott Air Suspension Products
TABLE 42 Key Information – AT Parts Germany GmbH
TABLE 43 Key Information – Guangzhou CYS Auto Parts Co., Ltd.
TABLE 44 Key information – Stellantis N.V.
TABLE 45 Key Information – Guangzhou Tech master auto parts co. Ltd.
TABLE 46 Key Information – Miessler Automotive GmbH & Co. KG
TABLE 47 Key Information – VIAIR Corporation
TABLE 48 Key Information – Zhejiang Bocheng Automotive Technology Co. Ltd.
TABLE 49 Key Information – ZF Friedrichshafen AG
List of Figures
FIG 1 Methodology for the research