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Electronically Controlled Air Suspension Market in Commercial Vehicles by 2020 Analyzed in New Report
Global Electronically Controlled Air Suspension Market in Commercial Vehicles 2016-2020 report is the latest addition to RnRMarketResearch.com industry research reports collection
The analysts forecast global electronically controlled air suspension (ECAS) market in commercial vehicles to grow at a CAGR of 5.72% during the period 2016-2020. This report covers the present scenario and the growth prospects of the global electronically controlled air suspension (ECAS) market in commercial vehicles for 2016-2020. To calculate the market size, the report considers a combination of top-down and bottom-up approaches, wherein our in-house databases and other information collected from our primary and secondary research studies have been used to arrive at the complete ECAS market snapshot.
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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.
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The cost of syringes and insulin pens is low, which enables users to opt for them as first choice devices. High cost of insulin pumps and insulin jet injectors poses a challenge to the growth of the market. Insulin pumps and jet injectors also require special care and maintenance, which is an additional cost burden to patients.
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