The Asia Pacific Air Suspension Compressor Market would witness market growth of 6.8% CAGR during the forecast period (2021-2027).
Air suspension refers to the suspension of a vehicle that is powered by an engine-driven compressor or air pump. Air springs, shock absorbers, beam assembly, brake system, and axle make up the air suspension system. Air suspension improves the vehicle's driving comfort while also increasing stability and lowering fuel consumption. An air suspension system refers to a suspension system that uses air springs instead of steel springs or leaf springs to support a vehicle on an axle.
Prominent industry players are concentrating on developing sophisticated lightweight air suspension compressor systems for automobiles in order to strengthen their market position. For example, VIAIR Corporation released the 450P-Automatic Stealth Black compressor system for automobile vehicles in September 2021. It has a duty cycle of 100% and an automatic shut-off feature. It can withstand pressures of up to 150 PSI/1.80 CFM and run for up to one hour before requiring recharging.
China is the world's largest automotive sector, with passenger vehicle production accounting for 84.6 percent of total production in 2019 and sales accounting for 84.4 percent, according to the China Association of Automobile Manufacturers (CAAM). In addition, India's automobile sector has a lot of room for expansion in the future. Despite the extraordinary outbreak of COVID-19, the automotive sector in India made excellent improvements in 2020, according to the Society of Indian Automobile Manufacturers.
Although there has been a spike in the production of vehicles due to a slight easing of regulatory criteria and the introduction of COVID-19 vaccinations. In addition, with the thriving construction industry and widespread use of big trucks, air suspension systems in heavy trucks have seen a significant increase in use.
The China market dominated the Asia Pacific Air Suspension Compressor Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $312.5 million by 2027. The Japan market is exhibiting a CAGR of 6.2% during (2021 - 2027). Additionally, The India market would experience a CAGR of 7.5% 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 China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Air Suspension Compressor Market is Projected to reach USD 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
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
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 Asia Pacific Air Suspension Compressor Market, by Vehicle Type
1.4.2 Asia Pacific Air Suspension Compressor Market, by Sales Channel
1.4.3 Asia Pacific 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. Asia Pacific Air Suspension Compressor Market by Vehicle Type
3.1 Asia Pacific Passenger Vehicle Market by Country
3.2 Asia Pacific Commercial Vehicle Market by Country
Chapter 4. Asia Pacific Air Suspension Compressor Market by Sales Channel
4.1 Asia Pacific OEM Market by Country
4.2 Asia Pacific Aftersales Market by Country
Chapter 5. Asia Pacific Air Suspension Compressor Market by Country
5.1 China Air Suspension Compressor Market
5.1.1 China Air Suspension Compressor Market by Vehicle Type
5.1.2 China Air Suspension Compressor Market by Sales Channel
5.2 Japan Air Suspension Compressor Market
5.2.1 Japan Air Suspension Compressor Market by Vehicle Type
5.2.2 Japan Air Suspension Compressor Market by Sales Channel
5.3 India Air Suspension Compressor Market
5.3.1 India Air Suspension Compressor Market by Vehicle Type
5.3.2 India Air Suspension Compressor Market by Sales Channel
5.4 South Korea Air Suspension Compressor Market
5.4.1 South Korea Air Suspension Compressor Market by Vehicle Type
5.4.2 South Korea Air Suspension Compressor Market by Sales Channel
5.5 Singapore Air Suspension Compressor Market
5.5.1 Singapore Air Suspension Compressor Market by Vehicle Type
5.5.2 Singapore Air Suspension Compressor Market by Sales Channel
5.6 Malaysia Air Suspension Compressor Market
5.6.1 Malaysia Air Suspension Compressor Market by Vehicle Type
5.6.2 Malaysia Air Suspension Compressor Market by Sales Channel
5.7 Rest of Asia Pacific Air Suspension Compressor Market
5.7.1 Rest of Asia Pacific Air Suspension Compressor Market by Vehicle Type
5.7.2 Rest of Asia Pacific 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 Asia Pacific Air Suspension Compressor Market, 2017 - 2020, USD Million
TABLE 2 Asia Pacific Air Suspension Compressor Market, 2021 - 2027, USD Million
TABLE 3 Asia Pacific Air Suspension Compressor Market by Vehicle Type, 2017 - 2020, USD Million
TABLE 4 Asia Pacific Air Suspension Compressor Market by Vehicle Type, 2021 - 2027, USD Million
TABLE 5 Asia Pacific Passenger Vehicle Market by Country, 2017 - 2020, USD Million
TABLE 6 Asia Pacific Passenger Vehicle Market by Country, 2021 - 2027, USD Million
TABLE 7 Asia Pacific Commercial Vehicle Market by Country, 2017 - 2020, USD Million
TABLE 8 Asia Pacific Commercial Vehicle Market by Country, 2021 - 2027, USD Million
TABLE 9 Asia Pacific Air Suspension Compressor Market by Sales Channel, 2017 - 2020, USD Million
TABLE 10 Asia Pacific Air Suspension Compressor Market by Sales Channel, 2021 - 2027, USD Million
TABLE 11 Asia Pacific OEM Market by Country, 2017 - 2020, USD Million
TABLE 12 Asia Pacific OEM Market by Country, 2021 - 2027, USD Million
TABLE 13 Asia Pacific Aftersales Market by Country, 2017 - 2020, USD Million
TABLE 14 Asia Pacific Aftersales Market by Country, 2021 - 2027, USD Million
TABLE 15 Asia Pacific Air Suspension Compressor Market by Country, 2017 - 2020, USD Million
TABLE 16 Asia Pacific Air Suspension Compressor Market by Country, 2021 - 2027, USD Million
TABLE 17 China Air Suspension Compressor Market, 2017 - 2020, USD Million
TABLE 18 China Air Suspension Compressor Market, 2021 - 2027, USD Million
TABLE 19 China Air Suspension Compressor Market by Vehicle Type, 2017 - 2020, USD Million
TABLE 20 China Air Suspension Compressor Market by Vehicle Type, 2021 - 2027, USD Million
TABLE 21 China Air Suspension Compressor Market by Sales Channel, 2017 - 2020, USD Million
TABLE 22 China Air Suspension Compressor Market by Sales Channel, 2021 - 2027, USD Million
TABLE 23 Japan Air Suspension Compressor Market, 2017 - 2020, USD Million
TABLE 24 Japan Air Suspension Compressor Market, 2021 - 2027, USD Million
TABLE 25 Japan Air Suspension Compressor Market by Vehicle Type, 2017 - 2020, USD Million
TABLE 26 Japan Air Suspension Compressor Market by Vehicle Type, 2021 - 2027, USD Million
TABLE 27 Japan Air Suspension Compressor Market by Sales Channel, 2017 - 2020, USD Million
TABLE 28 Japan Air Suspension Compressor Market by Sales Channel, 2021 - 2027, USD Million
TABLE 29 India Air Suspension Compressor Market, 2017 - 2020, USD Million
TABLE 30 India Air Suspension Compressor Market, 2021 - 2027, USD Million
TABLE 31 India Air Suspension Compressor Market by Vehicle Type, 2017 - 2020, USD Million
TABLE 32 India Air Suspension Compressor Market by Vehicle Type, 2021 - 2027, USD Million
TABLE 33 India Air Suspension Compressor Market by Sales Channel, 2017 - 2020, USD Million
TABLE 34 India Air Suspension Compressor Market by Sales Channel, 2021 - 2027, USD Million
TABLE 35 South Korea Air Suspension Compressor Market, 2017 - 2020, USD Million
TABLE 36 South Korea Air Suspension Compressor Market, 2021 - 2027, USD Million
TABLE 37 South Korea Air Suspension Compressor Market by Vehicle Type, 2017 - 2020, USD Million
TABLE 38 South Korea Air Suspension Compressor Market by Vehicle Type, 2021 - 2027, USD Million
TABLE 39 South Korea Air Suspension Compressor Market by Sales Channel, 2017 - 2020, USD Million
TABLE 40 South Korea Air Suspension Compressor Market by Sales Channel, 2021 - 2027, USD Million
TABLE 41 Singapore Air Suspension Compressor Market, 2017 - 2020, USD Million
TABLE 42 Singapore Air Suspension Compressor Market, 2021 - 2027, USD Million
TABLE 43 Singapore Air Suspension Compressor Market by Vehicle Type, 2017 - 2020, USD Million
TABLE 44 Singapore Air Suspension Compressor Market by Vehicle Type, 2021 - 2027, USD Million
TABLE 45 Singapore Air Suspension Compressor Market by Sales Channel, 2017 - 2020, USD Million
TABLE 46 Singapore Air Suspension Compressor Market by Sales Channel, 2021 - 2027, USD Million
TABLE 47 Malaysia Air Suspension Compressor Market, 2017 - 2020, USD Million
TABLE 48 Malaysia Air Suspension Compressor Market, 2021 - 2027, USD Million
TABLE 49 Malaysia Air Suspension Compressor Market by Vehicle Type, 2017 - 2020, USD Million
TABLE 50 Malaysia Air Suspension Compressor Market by Vehicle Type, 2021 - 2027, USD Million
TABLE 51 Malaysia Air Suspension Compressor Market by Sales Channel, 2017 - 2020, USD Million
TABLE 52 Malaysia Air Suspension Compressor Market by Sales Channel, 2021 - 2027, USD Million
TABLE 53 Rest of Asia Pacific Air Suspension Compressor Market, 2017 - 2020, USD Million
TABLE 54 Rest of Asia Pacific Air Suspension Compressor Market, 2021 - 2027, USD Million
TABLE 55 Rest of Asia Pacific Air Suspension Compressor Market by Vehicle Type, 2017 - 2020, USD Million
TABLE 56 Rest of Asia Pacific Air Suspension Compressor Market by Vehicle Type, 2021 - 2027, USD Million
TABLE 57 Rest of Asia Pacific Air Suspension Compressor Market by Sales Channel, 2017 - 2020, USD Million
TABLE 58 Rest of Asia Pacific 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