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.
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 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.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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ECAS is a system that provides variable height capabilities to a vehicle’s suspension system, thus enhancing vehicular traction performance and providing ride height as well as loading flexibility. ECAS ensures that the vehicle chassis height is maintained at a preset level regardless of the nature of loading (live or dead) of the vehicle.
Technavios analysts forecast the global electronically controlled air suspension (ECAS) market in commercial vehicles to grow at a CAGR of 5.72% during the period 2016-2020.
Covered in this report
The 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.
The market is divided into the following segments based on geography:
Technavio’s report, Global Electronically Controlled Air Suspension (ECAS) Market in Commercial Vehicles 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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