A Summary of the Air Suspension Systems Market Developments (2023 to 2033)

The global air suspension systems market is projected to have an average-paced CAGR of 9.6% during the forecast period. The current valuation of the market is US$ 5.2 Billion in 2023. The market value of the air suspension systems market is anticipated to surpass a market valuation of US$ 13.0 Billion by the year 2033. A historical market valuation of US$ 4.9 Billion has been recorded by the analysts of Future Market Insights for the concerned market during the base year.

The growth is supported by:

  • The high demand in the automotive industry to provide drivers with comfort while driving.
  • The rising importance of luxury and comfort in passenger cars while traveling long-distance is estimated to fuel market growth of air suspension systems.
  • The surge in the production of commercial vehicles and passenger cars is raising the demand for vehicles that are integrated with air suspension systems.
  • Technological advances which include air suspension systems that are controlled electronically are gaining popularity.
  • Growing preference amongst consumers for vehicles that have superior comfort of the ride is likely to aid the market growth for air suspension systems through 2033.
  • An upsurge in the significance of driver and passenger safety is estimated to complement the expansion of the industry in the forthcoming years.
  • The government across developing economies is creating favorable stances for gearing up the growth of the automotive manufacturing sector.

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Innovations in the Air Suspension System Industry Impede Growth Owing to High Development Costs

Technological advances and innovations play a very crucial role in improvisation of the automotive suspension systems. The recent launches of systems that are controlled electronically offer better convenience and comfort to passengers. Although these factors are leading to the healthy growth of the market, it is also estimated that these technologies are raising complexities in automotive.

System prototyping, designing, and production require a huge investment, which increases the overall cost and demands a lot of time. Therefore, the rising complexities due to the additional number of solenoid valves, sensors, and ECUs (Electronic Control Units) increase the price of the air suspension systems. This is likely to hinder the pace of advancement for the concerned industry in the long run.

Trend of Lightweight Vehicles Help OEMs Reduce Carbon Emissions

It is identified that the urban population across the globe is demanding vehicles that are light in weight. This factor is making allowance for original equipment manufacturers in reducing carbon-dioxide emissions. It is also helping OEMs to improve the fuel efficiency of their vehicles.

The demand for lightweight vehicles in developing economies is fueling the manufacturers to constantly work and find the right mix of composition materials. This would reduce the weight of vehicles and affect their performance of the vehicles in the upcoming years. The OEMs are making use of air springs made of textiles for reducing the weight of air suspension systems. This aspect is likely to prompt new business opportunities in the foreseen years.

Report Attribute Details
Air Suspension Systems Market Value (2023) US$ 5.2 Billion
Air Suspension Systems Market Anticipated Value (2033) US$ 13.0 Billion
Air Suspension Systems Projected Growth Rate (2023 to 2033) 9.6%
Nikhil Kaitwade
Nikhil Kaitwade

Principal Consultant

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Contrast of 2023 Market Dynamics with the Historical Market Scenario

It is identified that the air suspension systems market is witnessing an unprecedented surge in the recent few years. There has been an approximate rise of US$ 0.3 Billion from the base year to the current. This growth in market valuation can be highly attributed to the rising manufacture of commercial vehicles to ease transportation for the surging population across emerging economies.

In the base year, the industry witnessed a value of US$ 4.9 Billion and registered a moderate-paced CAGR of 6.4%. Rising disposable income across emerging economies and a large number of working populaces have resulted in increased spending on luxury items. The sales of high-end models of vehicles and luxury vehicles have significantly stirred up the market dynamics for air suspension systems.

Additionally, the high adoption of air suspension systems in heavy vehicles like trucks, buses, and other passenger vehicles has surged over the conventional steel springs. These systems are also equipped in trains and semi-trailers. Therefore, the requirement for a comfortable, smooth, and constant ride to the occupants has led to an unprecedented rise in market shares during the period 2018 to 2022.

Historical CAGR (2018 to 2022) 6.4%
Forecast CAGR (2023 to 2033) 9.6%
Market Value in 2022 US$ 4.9 Billion
Market Value in 2023 US$ 5.2 Billion

Category-wise Insights

An Ultimatum for Firm Suspension Augments Growth of Noteworthy Segments

Heavy Trucks - By Vehicle Type

It is estimated that the heavy trucks segment is likely to accrue the highest share of the air suspension systems market. This segment is estimated to advance at a notable pace, registering a CAGR of 4% through the forecast period. The heavy trucks segment by vehicle type category is expected to hold over 54.1% of the global market share through the projection period.

This robust advancement of the segment can be attributed to the use of heavy trucks in diverse end-use industries that include e-commerce, and logistics. Construction, and more. The growth of e-commerce industries and surge in the construction activities across emerging economies is fueling the sales of heavy trucks, thereby raising the adoption of air suspension systems.

The buses and coaches segment is likely to register a rapid-paced CAGR of 9.4% through the estimated study period. This segment accounted for a historical CAGR of 6.2%. The significant progress of the segment is owing to the large section of the working populace, commuting from one location to another. The trailers segment is estimated to account for over 32.1% of the total market share during the period 2018 to 2022.

OEM - By Sales Channel

It is identified that the original equipment manufacturing segment by sales channel category is likely to hold the highest amount of shares through the forecast period. During the period 1018 to 2022, this segment registered a CAGR of 6.1% and is estimated to advance at a noteworthy pace, recording a CAGR of 9.2% through 2033.

The reasons contributing to the growth of this segment include soaring demand for luxury and commercial vehicles that are equipped with electronically operated systems (EOS). The high sales of buses and trucks are likely to further augment the propulsion of the OEMs segment. Additionally, the OEMs are focusing on the commercialization of innovative components, which is raising shares held by them. The aftermarket segment is projected to slate a CAGR of 8.8% through the forecast period.

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Overview of Domineering Segments

Category Vehicle Type
Segments Heavy Trucks
CAGR (2023 to 2033) 4%
Category Vehicle Type
Segments Buses and Coaches
CAGR (2023 to 2033) 9.4%
Category Sales Channel
Segments OEMs
CAGR (2023 to 2033) 9.2%
Category Sales Channel
Segments Aftermarket
CAGR (2023 to 2033) 8.8%

Regional Market Shares in the Air Suspension Market

Region North America
Country United States
CAGR (2023 to 2033) 9.3%
Region Europe
Country United Kingdom
CAGR (2023 to 2033) 8.6%
Region Asia Pacific
Country China
CAGR (2023 to 2033) 8.9%
Region Asia Pacific
Country Japan
CAGR (2023 to 2033) 7.9%
Region Asia Pacific
Country India
CAGR (2023 to 2033) 7.2%

Country-wise Insights

Demand for Optimum Road Grip Fuels Expansion of Advanced Air Suspension Systems Industry Across Notable Countries

Country United States
Statistics The USA is estimated to hold the highest share of the air suspension systems market through the projection period. The air suspension industry in the USA is advancing at a CAGR of 9.3%. the market is estimated to surpass a valuation of US$ 4.5 Billion by the end of 2033. Approximate Growth in Market Value: US$ 2.6 Billion
Historical CAGR: 6.4%
Growth Propellants The high production of commercial vehicles across the country and the robust expansion of the construction sector using heavy trucks are likely to drive the demand for air suspension systems through 2033. Furthermore, government initiatives for research and development activities for vehicle safety are estimated to foster demand.
Country United Kingdom
Statistics The United Kingdom is likely to hold a significant share of the air suspension systems market in the European region. The air suspension industry in the United Kingdom is advancing at a CAGR of 8.6%. The market is estimated to surpass a valuation of US$ 500 Million by the end of 2033. Approximate Growth in Market Value: US$ 300 Million
Historical CAGR: 5.7%
Growth Propellants Consumers across the United Kingdom are identified to highly spend on premium vehicles. The soar in investments towards luxury vehicles is fostering the growth of the sales of air suspension systems in 2023. Additionally, there is a very strong presence of multiple automotive OEMS with product portfolios that include luxury and sports vehicles. This factor is fueling the expansion of the industry in the United Kingdom.
Country Japan
Statistics The air suspension system market in Japan is estimated to move forward at a substantial rate, slating a CAGR of 7.9% through the forecast period. The market is estimated to surpass a valuation of US$ 800 Million by the end of 2033. Approximate Growth in Market Value: US$ 400 Million
Historical CAGR: 5.5%
Growth Propellants The growing adoption of vehicles that are technologically advanced and equipped with improvised technical capabilities is gaining popularity across Japan, thereby expanding the market shares of air suspension systems. The key players in the industry are investing heavily in research and development activities, making attempts towards creating a landscape of heightened air suspension system sales.

Start-up Ecosystem

New Entrants Ravel Up the Features of Air Suspension Systems For Smooth Ride of Automotives

The new entrants in the air suspension systems market are leveraging advancements in technology to launch new products and gain a competitive advantage. These firms are continually investing in research and development activities to keep themselves in tandem with the changing consumer preferences and end-use industry demands. Efforts are being made to strengthen their foothold in the market and aid the further progression of the air suspension systems market.

Top 2 Start-ups to Watch For

Jamna - This Indian start-up organization initially started the development of air suspension systems for passenger vehicles like buses. The firm is working closely with renowned automotive biggies like Ashok Leyland, VEVC, and Tata Motors. Their systems are equipped across the complete range of buses, including semi-low-floor, low, floor, and high-floor buses.

Ridewell -This firm is completely engineering and designing support for trucks, buses, and trailers. The organization is expanding into the light-duty market with the new launch of products like the ‘Featheride’ trailer air suspension market. It is anticipated that the company is likely to hold significant shares in the forthcoming years.

Competitive Landscape

Key Manufacturers of Air Suspension Systems Turn the Global Production of Heavy-duty Vehicles to their Advantage

The air suspension systems market is highly fragmented and the key manufacturers are deploying several organic and inorganic growth strategies to compete with the existing players in the market. The biggies are heavily investing in research and development activities to leverage advancements to the features of suspension systems. They are making attempts for easing the job of autonomous vehicle manufacturers to make automobiles with high speed, backed by high safety.

Recently, WABCO launched an air suspension system that is a combination of air suspension with ECAS technology. As per the company statements, ECAS Technology with WABCO Air Suspension is likely to improve fuel economy, provide better safety to passengers, enhance the comfort of rides, and increase the stability of the vehicles.

Recent Developments

  • In May 2020, ZF Friedrichshafen AG completed its successful acquisition of commercial vehicle technology supplier WABCO. Before this acquisition, the firm gained all the approval from the required regulatory authorities.
  • In May 2021, Bridgestone made an announcement to expand its plant in Williamsburg, Kentucky. It made an investment of US$ 51 Million in Firestone Industrial Products. This was initiated to cater to the demand for air suspension systems across EVs or electric vehicles.
  • In September 2021, Continental AG made a significant launch of 3 products at Automechanika 2021, which has the inclusion of air suspension dampers.

Some of the key players proliferating in the market are

  • Continental AG
  • ThyssenKrupp AG
  • WABCO
  • Hendrickson USA, L.L.C.
  • Dunlop Systems and components
  • Hitachi Automotive, Ltd.
  • ZF Friedrichshafen AG
  • Magneti Marelli S.p.A.
  • Accuair Suspension
  • Firestone Industrial Products
  • Beijing West Industries Co., Ltd.
  • Mando Corporation
  • LORD Corporation
  • Air Lift Company
  • VB-Air suspension

Key Segments in the Air Suspension System Market

By Vehicle Type:

  • Buses & Coaches
  • Trailers
  • Heavy Trucks

By Sales Channel:

  • OEM
    • Electronic Operated Systems
    • Non-Electronic Operated Systems
  • Aftermarkets
    • System
    • Components

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • Middle East and Africa (MEA)
  • Europe

Frequently Asked Questions

What is the Growth Outlook for the Air Suspension System Market?

The growth outlook for the air suspension system market is predicted to advance at a CAGR of 9.6% from 2023 to 2033.

Which Region Leads the Air Suspension System Market?

The North American region is anticipated to lead the air suspension system market during the forecast period.

What is the market valuation of Air Suspension System in 2023?

The market valuation of the air suspension system market stands at US$ 5.2 Billion in 2023.

How much Growth Potential does the Air Suspension System hold?

The air suspension system market is likely to hold a valuation of US$ 13 Billion by 2033.

Which sector is the key driver in the Air Suspension System Market?

The automotive industry sector is the key driver in the air suspension system market.

Table of Content
1. Executive Summary | Air Suspension Systems Market 
    1.1. Global Market Outlook
    1.2. Demand-side Trends
    1.3. Supply-side Trends
    1.4. Technology Roadmap Analysis
    1.5. Analysis and Recommendations
2. Market Overview
    2.1. Market Coverage / Taxonomy
    2.2. Market Definition / Scope / Limitations
3. Market Background
    3.1. Market Dynamics
        3.1.1. Drivers
        3.1.2. Restraints
        3.1.3. Opportunity
        3.1.4. Trends
    3.2. Scenario Forecast
        3.2.1. Demand in Optimistic Scenario
        3.2.2. Demand in Likely Scenario
        3.2.3. Demand in Conservative Scenario
    3.3. Opportunity Map Analysis
    3.4. Investment Feasibility Matrix
    3.5. PESTLE and Porter’s Analysis
    3.6. Regulatory Landscape
        3.6.1. By Key Regions
        3.6.2. By Key Countries
    3.7. Regional Parent Market Outlook
4. Global Market Analysis 2017 to 2022 and Forecast, 2023 to 2033
    4.1. Historical Market Size Value (US$ million) Analysis, 2017 to 2022
    4.2. Current and Future Market Size Value (US$ million) Projections, 2023 to 2033
        4.2.1. Y-o-Y Growth Trend Analysis
        4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Vehicle Type
    5.1. Introduction / Key Findings
    5.2. Historical Market Size Value (US$ million) Analysis By Vehicle Type, 2017 to 2022
    5.3. Current and Future Market Size Value (US$ million) Analysis and Forecast By Vehicle Type, 2023 to 2033
        5.3.1. Buses & Coaches
        5.3.2. Trailers
        5.3.3. Heavy Trucks
    5.4. Y-o-Y Growth Trend Analysis By Vehicle Type, 2017 to 2022
    5.5. Absolute $ Opportunity Analysis By Vehicle Type, 2023 to 2033
6. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Sales Channel
    6.1. Introduction / Key Findings
    6.2. Historical Market Size Value (US$ million) Analysis By Sales Channel, 2017 to 2022
    6.3. Current and Future Market Size Value (US$ million) Analysis and Forecast By Sales Channel, 2023 to 2033
        6.3.1. OEM
            6.3.1.1. Electronic Operated Systems
            6.3.1.2. Non Electronic Operated Systems
        6.3.2. Aftermarkets
            6.3.2.1. System
            6.3.2.2. Components
    6.4. Y-o-Y Growth Trend Analysis By Sales Channel, 2017 to 2022
    6.5. Absolute $ Opportunity Analysis By Sales Channel, 2023 to 2033
7. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Region
    7.1. Introduction
    7.2. Historical Market Size Value (US$ million) Analysis By Region, 2017 to 2022
    7.3. Current Market Size Value (US$ million) Analysis and Forecast By Region, 2023 to 2033
        7.3.1. North America
        7.3.2. Latin America
        7.3.3. Eastern Europe
        7.3.4. Western Europe
        7.3.5. South Asia Pacific
        7.3.6. MEA
        7.3.7. East Asia
    7.4. Market Attractiveness Analysis By Region
8. North America Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country
    8.1. Historical Market Size Value (US$ million) Trend Analysis By Market Taxonomy, 2017 to 2022
    8.2. Market Size Value (US$ million) Forecast By Market Taxonomy, 2023 to 2033
        8.2.1. By Country
            8.2.1.1. The USA
            8.2.1.2. Canada
        8.2.2. By Vehicle Type
        8.2.3. By Sales Channel
    8.3. Market Attractiveness Analysis
        8.3.1. By Country
        8.3.2. By Vehicle Type
        8.3.3. By Sales Channel
    8.4. Key Takeaways
9. Latin America Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country
    9.1. Historical Market Size Value (US$ million) Trend Analysis By Market Taxonomy, 2017 to 2022
    9.2. Market Size Value (US$ million) Forecast By Market Taxonomy, 2023 to 2033
        9.2.1. By Country
            9.2.1.1. Brazil
            9.2.1.2. Mexico
            9.2.1.3. Rest of Latin America
        9.2.2. By Vehicle Type
        9.2.3. By Sales Channel
    9.3. Market Attractiveness Analysis
        9.3.1. By Country
        9.3.2. By Vehicle Type
        9.3.3. By Sales Channel
    9.4. Key Takeaways
10. Eastern Europe Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country
    10.1. Historical Market Size Value (US$ million) Trend Analysis By Market Taxonomy, 2017 to 2022
    10.2. Market Size Value (US$ million) Forecast By Market Taxonomy, 2023 to 2033
        10.2.1. By Country
            10.2.1.1. Poland
            10.2.1.2. Russia
            10.2.1.3. Rest of Eastern Europe
        10.2.2. By Vehicle Type
        10.2.3. By Sales Channel
    10.3. Market Attractiveness Analysis
        10.3.1. By Country
        10.3.2. By Vehicle Type
        10.3.3. By Sales Channel
    10.4. Key Takeaways
11. Western Europe Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country
    11.1. Historical Market Size Value (US$ million) Trend Analysis By Market Taxonomy, 2017 to 2022
    11.2. Market Size Value (US$ million) Forecast By Market Taxonomy, 2023 to 2033
        11.2.1. By Country
            11.2.1.1. Germany
            11.2.1.2. Italy
            11.2.1.3. France
            11.2.1.4. The United Kingdom
            11.2.1.5. Spain
            11.2.1.6. Rest of Western Europe
        11.2.2. By Vehicle Type
        11.2.3. By Sales Channel
    11.3. Market Attractiveness Analysis
        11.3.1. By Country
        11.3.2. By Vehicle Type
        11.3.3. By Sales Channel
    11.4. Key Takeaways
12. South Asia Pacific Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country
    12.1. Historical Market Size Value (US$ million) Trend Analysis By Market Taxonomy, 2017 to 2022
    12.2. Market Size Value (US$ million) Forecast By Market Taxonomy, 2023 to 2033
        12.2.1. By Country
            12.2.1.1. ASEAN
            12.2.1.2. South Korea
            12.2.1.3. Rest of South Asia Pacific
        12.2.2. By Vehicle Type
        12.2.3. By Sales Channel
    12.3. Market Attractiveness Analysis
        12.3.1. By Country
        12.3.2. By Vehicle Type
        12.3.3. By Sales Channel
    12.4. Key Takeaways
13. MEA Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country
    13.1. Historical Market Size Value (US$ million) Trend Analysis By Market Taxonomy, 2017 to 2022
    13.2. Market Size Value (US$ million) Forecast By Market Taxonomy, 2023 to 2033
        13.2.1. By Country
            13.2.1.1. South Africa
            13.2.1.2. Turkey
            13.2.1.3. Rest of MEA
        13.2.2. By Vehicle Type
        13.2.3. By Sales Channel
    13.3. Market Attractiveness Analysis
        13.3.1. By Country
        13.3.2. By Vehicle Type
        13.3.3. By Sales Channel
    13.4. Key Takeaways
14. East Asia Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country
    14.1. Historical Market Size Value (US$ million) Trend Analysis By Market Taxonomy, 2017 to 2022
    14.2. Market Size Value (US$ million) Forecast By Market Taxonomy, 2023 to 2033
        14.2.1. By Country
            14.2.1.1. China
            14.2.1.2. India
            14.2.1.3. Japan
        14.2.2. By Vehicle Type
        14.2.3. By Sales Channel
    14.3. Market Attractiveness Analysis
        14.3.1. By Country
        14.3.2. By Vehicle Type
        14.3.3. By Sales Channel
    14.4. Key Takeaways
15. Key Countries Market Analysis
    15.1. The USA
        15.1.1. Pricing Analysis
        15.1.2. Market Share Analysis, 2022
            15.1.2.1. By Vehicle Type
            15.1.2.2. By Sales Channel
    15.2. Canada
        15.2.1. Pricing Analysis
        15.2.2. Market Share Analysis, 2022
            15.2.2.1. By Vehicle Type
            15.2.2.2. By Sales Channel
    15.3. Brazil
        15.3.1. Pricing Analysis
        15.3.2. Market Share Analysis, 2022
            15.3.2.1. By Vehicle Type
            15.3.2.2. By Sales Channel
    15.4. Mexico
        15.4.1. Pricing Analysis
        15.4.2. Market Share Analysis, 2022
            15.4.2.1. By Vehicle Type
            15.4.2.2. By Sales Channel
    15.5. Poland
        15.5.1. Pricing Analysis
        15.5.2. Market Share Analysis, 2022
            15.5.2.1. By Vehicle Type
            15.5.2.2. By Sales Channel
    15.6. Russia
        15.6.1. Pricing Analysis
        15.6.2. Market Share Analysis, 2022
            15.6.2.1. By Vehicle Type
            15.6.2.2. By Sales Channel
    15.7. Germany
        15.7.1. Pricing Analysis
        15.7.2. Market Share Analysis, 2022
            15.7.2.1. By Vehicle Type
            15.7.2.2. By Sales Channel
    15.8. Italy
        15.8.1. Pricing Analysis
        15.8.2. Market Share Analysis, 2022
            15.8.2.1. By Vehicle Type
            15.8.2.2. By Sales Channel
    15.9. France
        15.9.1. Pricing Analysis
        15.9.2. Market Share Analysis, 2022
            15.9.2.1. By Vehicle Type
            15.9.2.2. By Sales Channel
    15.10. The United Kingdom
        15.10.1. Pricing Analysis
        15.10.2. Market Share Analysis, 2022
            15.10.2.1. By Vehicle Type
            15.10.2.2. By Sales Channel
    15.11. Spain
        15.11.1. Pricing Analysis
        15.11.2. Market Share Analysis, 2022
            15.11.2.1. By Vehicle Type
            15.11.2.2. By Sales Channel
    15.12. ASEAN
        15.12.1. Pricing Analysis
        15.12.2. Market Share Analysis, 2022
            15.12.2.1. By Vehicle Type
            15.12.2.2. By Sales Channel
    15.13. South Korea
        15.13.1. Pricing Analysis
        15.13.2. Market Share Analysis, 2022
            15.13.2.1. By Vehicle Type
            15.13.2.2. By Sales Channel
    15.14. South Africa
        15.14.1. Pricing Analysis
        15.14.2. Market Share Analysis, 2022
            15.14.2.1. By Vehicle Type
            15.14.2.2. By Sales Channel
    15.15. Turkey 
        15.15.1. Pricing Analysis
        15.15.2. Market Share Analysis, 2022
            15.15.2.1. By Vehicle Type
            15.15.2.2. By Sales Channel
    15.16. China
        15.16.1. Pricing Analysis
        15.16.2. Market Share Analysis, 2022
            15.16.2.1. By Vehicle Type
            15.16.2.2. By Sales Channel
    15.17. India
        15.17.1. Pricing Analysis
        15.17.2. Market Share Analysis, 2022
            15.17.2.1. By Vehicle Type
            15.17.2.2. By Sales Channel
    15.18. Japan
        15.18.1. Pricing Analysis
        15.18.2. Market Share Analysis, 2022
            15.18.2.1. By Vehicle Type
            15.18.2.2. By Sales Channel
16. Market Structure Analysis
    16.1. Competition Dashboard
    16.2. Competition Benchmarking
    16.3. Market Share Analysis of Top Players
        16.3.1. By Regional
        16.3.2. By Vehicle Type
        16.3.3. By Sales Channel
17. Competition Analysis
    17.1. Competition Deep Dive
        17.1.1. SAF-Holland SA
            17.1.1.1. Overview
            17.1.1.2. Product Portfolio
            17.1.1.3. Profitability by Market Segments
            17.1.1.4. Sales Footprint
            17.1.1.5. Strategy Overview
                17.1.1.5.1. Marketing Strategy
        17.1.2. Hendrickson USA LLC
            17.1.2.1. Overview
            17.1.2.2. Product Portfolio
            17.1.2.3. Profitability by Market Segments
            17.1.2.4. Sales Footprint
            17.1.2.5. Strategy Overview
                17.1.2.5.1. Marketing Strategy
        17.1.3. BPW Transpec Pvt. Ltd.
            17.1.3.1. Overview
            17.1.3.2. Product Portfolio
            17.1.3.3. Profitability by Market Segments
            17.1.3.4. Sales Footprint
            17.1.3.5. Strategy Overview
                17.1.3.5.1. Marketing Strategy
        17.1.4. TMC Australia Pvt. Ltd.
            17.1.4.1. Overview
            17.1.4.2. Product Portfolio
            17.1.4.3. Profitability by Market Segments
            17.1.4.4. Sales Footprint
            17.1.4.5. Strategy Overview
                17.1.4.5.1. Marketing Strategy
        17.1.5. Guangzhou TND Axle Co. Ltd.
            17.1.5.1. Overview
            17.1.5.2. Product Portfolio
            17.1.5.3. Profitability by Market Segments
            17.1.5.4. Sales Footprint
            17.1.5.5. Strategy Overview
                17.1.5.5.1. Marketing Strategy
        17.1.6. Meritor Inc.
            17.1.6.1. Overview
            17.1.6.2. Product Portfolio
            17.1.6.3. Profitability by Market Segments
            17.1.6.4. Sales Footprint
            17.1.6.5. Strategy Overview
                17.1.6.5.1. Marketing Strategy
        17.1.7. Wabco Holdings
            17.1.7.1. Overview
            17.1.7.2. Product Portfolio
            17.1.7.3. Profitability by Market Segments
            17.1.7.4. Sales Footprint
            17.1.7.5. Strategy Overview
                17.1.7.5.1. Marketing Strategy
        17.1.8. York Transport Equipment (Asia) Pvt. Ltd.
            17.1.8.1. Overview
            17.1.8.2. Product Portfolio
            17.1.8.3. Profitability by Market Segments
            17.1.8.4. Sales Footprint
            17.1.8.5. Strategy Overview
                17.1.8.5.1. Marketing Strategy
        17.1.9. VDL Weweler-Colaert
            17.1.9.1. Overview
            17.1.9.2. Product Portfolio
            17.1.9.3. Profitability by Market Segments
            17.1.9.4. Sales Footprint
            17.1.9.5. Strategy Overview
                17.1.9.5.1. Marketing Strategy
18. Assumptions & Acronyms Used
19. Research Methodology

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