Market Research Report
Global Heavy-duty Truck Suspension System Market 2019-2023
|Published by||TechNavio (Infiniti Research Ltd.)||Product code||759893|
|Published||Content info||112 Pages
Delivery time: 1-2 business days
|Global Heavy-duty Truck Suspension System Market 2019-2023|
|Published: December 4, 2018||Content info: 112 Pages||
Multi-linkage suspension system in heavy vehicles to help boost market growth. The suspension system absorbs undesirable effects such as sway, pitch, or roll during vehicle cornering. It offers greater road shock absorption and prevents the shock of a single wheel to affect the stability of a vehicle. Technavio's analysts have predicted that the heavy-duty truck suspension system market will register a CAGR of almost 2% by 2023.
The increasing sales of heavy-duty commercial trucks are expected to drive the demand for heavy-duty truck suspension system during the forecast period. This is due to the complete penetration of heavy-duty truck suspension system in the heavy-duty commercial trucks segment.
Increased maintenance costs and lower operational lifespan of air suspension systems used in heavy duty trucks are major operational challenges.
For the detailed list of factors that will drive and challenge the growth of the heavy-duty truck suspension system market during the 2019-2023, view our report.
The market appears to be fragmented and with the presence of several companies including Continental and Hendrickson USA the competitive environment is quite intense. Factors such as the increasing sales of heavy-duty commercial trucks and the multi-linkage suspension system in heavy vehicles, will provide considerable growth opportunities to heavy-duty truck suspension system manufactures. Continental, Hendrickson USA, thyssenkrupp, WABCO, and ZF Friedrichshafen are some of the major companies covered in this report.