Published Date: 12-May-22
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According to a new report, published by KBV research, The Global Air Suspension Compressor Market size is expected to reach $3 billion by 2027, rising at a market growth of 6.6% CAGR during the forecast period.
The Commercial Vehicle segment is showcasing a CAGR of 9.2% during (2021 - 2027). This is because of the increasing use of heavy trucks in various end-use industries such as construction, logistics, and e-commerce. In addition, commercial vehicle sales, such as big trucks, are expanding as the e-commerce business grows and building activities increase around the world.
The Asia Pacific is the leading region in Global Air Suspension Compressor Market by Region in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $1.1 billion by 2027. The Europe market is estimated to grow at a CAGR of 6.2% during (2021 - 2027). Additionally, The North America market would exhibit a CAGR of 6.4% during (2021 - 2027).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
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