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Global Electronically Controlled Air Suspension Market in Commercial Vehicles 2016-2020 - Increased Preference for Lift Axles - Research and Markets

DUBLIN, September 23, 2016 /PRNewswire/ --

Research and Markets has announced the addition of the "Global Electronically Controlled Air Suspension Market in Commercial Vehicles 2016-2020" report to their offering.

The report forecasts the global electronically controlled air suspension (ECAS) market in commercial vehicles to grow at a CAGR of 5.72% during the period 2016-2020.

Technological advancements will be a key trend for market growth. Truck fleet owners have been known to turn to conventional coil springs (with airbags fitting inside them) used for their ECAS systems. This usually means an aftermarket upgrade from the factory-built pure airbag ECAS is prone to issues (described in the section on market challenges). Manufacturers of custom-made airbag units for ECAS systems have also been offering variants for leaf springs and even torsion bar suspensions.

According to the report, increased preference for lift axles will be a key driver for market growth. Lift axle-equipped truck configurations have been gaining global popularity due to the constant increase in cargo sizes. Due to this, truck owners are usually left with a few yet limited options regarding their truck fleet dynamics.

Further, the report states that high cost of repairs is a challenge to the maintenance of ECAS systems. Low-end ECAS systems usually start from $2,000 and above, with some of the high-end systems going for rates above $10,000 and above for one full set of tag or pusher axles. This high initial cost of ECAS systems is also reflected in the replacement parts market that is the usual haunt for truckers looking to get their ECAS systems repaired. Failures in multiple components can cost anywhere from $2,000 to $6,500, depending on the kind of damage and the components affected. Furthermore, many components come in a pair (example, the airbags themselves), and hence the truck owners end up buying an entire set even if they need to replace just a single side.

Key vendors:

  • Meritor WABCO
  • Continental
  • Volvo Trucks
  • Hendrickson International
  • Wheels India

Key Topics Covered:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Market research methodology

PART 04: Introduction

PART 05: Market landscape

PART 06: Market segmentation by geography

PART 07: Market segmentation by number of axles

PART 08: Market drivers

PART 09: Market challenges

PART 10: Market trends

PART 11: Vendor landscape

PART 12: Key vendor analysis

PART 13: Appendix

For more information about this report visit http://www.researchandmarkets.com/research/5bzdgz/global

Media Contact:

Research and Markets

Laura Wood, Senior Manager

[email protected]

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