Electronically Controlled Air Suspension Market Growth, Size, Share and Forecast to 2020
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- Date Submitted: 09/28/2016 11:49 PM
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Technavio Announces the Publication of its Research Report Global Electronically Controlled Air Suspension (ECAS) Market in Commercial Vehicles 2016-2020
Technavio recognizes the following companies as the key players in the global electronically controlled air suspension (ECAS) market in commercial vehicles: Meritor WABCO, Continental, Volvo Trucks, Hendrickson International, and Wheels India.
Other Prominent Vendors in the market are: Dunlop Systems and Components, Murata Manufacturing, Drive-Rite, Mando, LORD, thyssenkrupp, and BWI.
Browse full report with TOC@ https://marketreportscenter.com/reports/388368/global-electronically-controlled-air-suspension-market-in-commercial-vehicles-2016-2020
Commenting on the report, an analyst from Technavios team said: 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...
Technavio recognizes the following companies as the key players in the global electronically controlled air suspension (ECAS) market in commercial vehicles: Meritor WABCO, Continental, Volvo Trucks, Hendrickson International, and Wheels India.
Other Prominent Vendors in the market are: Dunlop Systems and Components, Murata Manufacturing, Drive-Rite, Mando, LORD, thyssenkrupp, and BWI.
Browse full report with TOC@ https://marketreportscenter.com/reports/388368/global-electronically-controlled-air-suspension-market-in-commercial-vehicles-2016-2020
Commenting on the report, an analyst from Technavios team said: 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...