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Air Spring Components Market

Air Spring Components Market

Air Spring Components Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2018 to 2026

Air Spring Components Market
FACT2314MR
  • Nov-2018
  • List of Tables : 34
  • List of Figures : 236
  • 170 Pages
  • Automotive

Air Springs Components Market to Remain Fairly Consolidated

Through 2028, the air spring components market is expected to develop at a CAGR of around 6.6 percent. OEMs account for 3x more commercial vehicle air spring sales than other sales channels, giving them a market share of over 75% in the air spring components industry.

As a limited number of market player are active in the production of air springs components, Tier I manufacturers in the air springs components market account for a significant revenue share of around 42.2% - 47.3% in the market. Leading player in the air springs components market have adopted cutting-edge technologies to enhance the process competence in manufacturing air springs for commercial vehicles and ensure its quality and performance features.

Apart from the technological advantages, the access to high quality raw materials is also aiding top market players to consolidate their position in the air springs components market.

Furthermore, strategic collaborations among top air springs components market players are helping Tier I companies to benchmark their products with competitor products, and scale up in the air springs components market in the upcoming years.

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Rapidly Increasing Commercial Vehicles Parc Triggers Demand for Air Springs Components

Recent improvements in the world economy and developments in the road infrastructure has propelled the production and sales of commercial vehicles across the globe, which is one of the leading driving engines for the air springs components market.

According to the International Organization of Motor Vehicle Manufacturers (OICA), the global sales of commercial vehicles reached peak during 2010-2017, as it increased from 19 million to reach around 26 million in 2017.

The global production of commercial vehicles also increased from over 19.3 million to approximately 23.8 million during 2010-2017.

As the installation of air springs components helps to make vehicles safer, comfortable, and cost-effective, the unprecedented growth of the commercial vehicle industry is expected to boost demand for air springs components in the upcoming years.

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Preference to Coil Springs over Air Springs Hampers the Air Springs Components Market Growth

A suspension system of a vehicle plays an integral role in ensuring its efficient operation, thereby modern automakers are making performance-boosting adjustments in their suspension setups.

Though air springs components are lightweight and tunable, they fail to emulate the suppleness of coil springs and heat more on long descents.

Commercial vehicle air springs are prone to get affected due to various external factors, such as humidity, temperature, and altitude, and it is driving automakers to shift to more efficient and safer alternatives to air springs components.

This is making a negative impact on the growth prospects of the air springs components market.

In order to balance the performance characteristics of both air springs components and coil springs, leading manufacturers in the air springs components market are introducing coil springs to complement technologically advanced air springs in commercial vehicles, which is emerging as a popular trend in the air springs components market.

Heavy Investments in R&D to Develop Advanced Air Suspension Technologies Influence Growth Prospects of the Market

Taking into account the importance of air springs in the operation of commercial vehicles, air springs components market players are focusing on improving the safety and efficiency of air springs components with the help of advanced technologies.

Leading market players are investing heavily in R&D to develop advanced air suspension and chassis technologies and offer more control over the operation of their air springs components.

The recent trends in the air springs components market demonstrate the increasing adoption of wireless technologies and sensor technologies for manufacturing smart air springs for commercial vehicles.

Top manufacturers in the air springs components market are shifting their focus on developing unique technologies to offer maximum control over the operation of air springs components, and ultimately gain competitive advantages in the air springs components market in the upcoming years.

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Positive Prospects of Logistics & Transportation Industry Augur Well for Air springs components Market

Commercial vehicles are employed extensively in the logistics & transportation industry for on-road cargo transportation, thereby growth prospects of the air springs components market majorly depend on the global transportation activities and the integration of supply chain networks worldwide.

Also, according to a report by the United Nations (UN), over 55% of the global population lives in urban areas, which is likely to increase up to 68% by 2050. The recent growth in the trend of urbanization directly translates into the positive developments in transportation industry.

According to the American Trucking Associations, over-the-road transportation of cargo accounted for US$ 676.2 billion in 2016, whereas total spending in the U.S. logistics and transportation industry was $1.4 trillion.

With the increasing growth of the global logistics & transportation industry and urbanization, the adoption of commercial vehicles is likely to surge, which will complement the growth of the air springs components market in the upcoming years.

Competitive Landscape

This section in the Fact.MR study aids readers to fathom critical developments in the air springs components market with the help of insightful information about the leading companies in the market. The report enlists leading stakeholders in the air springs components market and provides useful information about recent developments in the winning strategies of leading competitors in the air springs components market.

Air springs components market players featured in the report are

  • Continental AG
  • Firestone Industrial Products Company LLC
  • STEMCO Products Inc.
  • Akta Holding
  • Vibracoustic CV Air Springs GmbH
  • Navistar, Inc.
  • Air Lift Company
  • Meklas Group
  • Dunlop Systems and Components Ltd.
  • Hendrickson USA LLC
  • Meritor, Inc.
  • WABCO Holdings Inc.
  • Gibraltar Airsprings Private Limited
  • Fabio Air Suspension Systems
  • Guangzhou Guomat Air Springs Co. Ltd.

An Adaptive Approach to Modern-day Research Needs

Key Developments

Continental AG, a leading German manufacturer of air springs components, recently announced that it will soon present its digital electronic commercial vehicle air springs damping solution for LCVs such as cabs and trucks.

The company revealed that the commercial vehicle air springs solution has advanced features such as smart cab level adjustment, which improve drivers’ safety and comfort on uneven roads.

air spring components market 2

Another manufacturer in the air springs components market - Firestone Industrial Products Company LLC collaborated with Knorr-Bremse, a German automaker, to launch its fully integrated intelligent commercial vehicle air springs sensor that can eliminate vibrations and sustain harsh environments.

Other leading players in the air springs components market, such as Firestone Industrial Products Company LLC and WABCO Holdings Inc., are investing in R&D to develop innovative technologies to eliminate vibrations with high-tech commercial vehicle air springs solutions.

Definition

Air springs components are devices that are used in the suspension systems of light duty and heavy duty vehicles, such as coaches, buses, trailers, and heavy trucks. Air springs components are an integral part in commercial vehicles as they ensure smoother rides, protect cargo, and reduce maintenance cost in commercial vehicles.

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About the Report

The Fact.MR report provides readers with the most important insights about potential opportunities, growth prospects, and recent developments in the air springs components market. Reliable and accurate qualitative and quantitative conclusions about the growth of the air springs components market are presented in the report.

Additional Questions Answered

The air springs components market report provides detailed information about growth prospects of the air springs components market, which includes minute details about the current and future growth parameters of the air springs components market.

The report also answers the market-related questions about for readers, which can help them to establish a strong presence the air springs components market. Some the questions answered in the air springs components market report include,

  • How will the Europe air springs components market grow during the period 2018-2026?
  • How OEMs are the important contributors to the growth of the air springs components market?
  • Which product type will account for the largest revenue share in the air springs components market and why?
  • How are leading manufacturers improving durability and performance characteristics of air springs components?
  • What are the winning strategies adopted by leading stakeholders in the air springs components market?

Research Methodology

The Fact.MR report helps readers to fathom unique conclusions about the development of the air springs components market, which are presented in the report.

On conducting detailed secondary and primary market research on the historical and current growth parameters of the air springs components market, analysts at Fact.MR find out nearly accurate qualitative and quantitative conclusions about the growth of the air springs components market.

Secondary research on the air springs components helps analysts to understand the historical and current facts and industry-validated information and predict the growth prospects of the air springs components market.

This is followed by primary research, where leading stakeholders in the market, such as manufacturers, distributors, suppliers, and investors, in the air springs components market are interviewed.

The accuracy and authenticity of the qualitative and quantitative information on how the air springs components market will grow during 2018-2027, is ensured during the research.

Segmentation

In order to provide detailed information about the air springs components market in a seamless way, the Fact.MR report divides the air springs components market into its five broad sub-segments – product types, sales channels, component types, vehicle types, and regions.

Based on product types, the air springs components market is segmented into three main types – convoluted bellows, rolling lobe bellows, and sleeve bellows. Depending on the sales channel, the air springs components market is segmented into two main types – Original Equipment Manufacturer (OEM) and Aftermarket.

According to the component types, the air springs components market is segmented into bead plate, piston, and sleeve bellows. Based on the component type, commercial vehicle air springs pistons are further segmented into plastic pistons and metal pistons.

air spring components market 0

According to vehicle types, the air springs components market is broadly segmented into lightweight commercial vehicles (LCV) and heavy weight commercial vehicles (HCV), which is further segmented into buses & coached and trailers & heavy trucks.

Based on regions, the air springs components market is segmented into six regions – North America, Europe, Latin America, Southeast Asia Pacific (SEAP), China, and Middle East & Africa (MEA).

Air Spring Components Market: In-depth Assessment of Lucrative Opportunities for Market Players to Capitalize on

Fact.MR recently published a report Air Spring Components Market - Global Industry Analysis 2013-2018 and Forecast, 2018-2026” to offer detailed information on important market dynamics that elucidates the growth prospects of the Air Spring Components market.

The values provided in the research report are derived from an extensive study of the Air Spring Components market, and thereby it can help stakeholders to develop apt business strategies in the coming future.

The Fact.MR report also provides valuable insights on the regional outlook of the global market for Air Spring Components. This can help market players to target the right category of consumers and achieve improved sales in respective regions.

The information presented in the report on Air Spring Components can help market players to fathom the market thoroughly before making information-based decisions.

Chapter 1 – Executive Summary

The first chapter of the report includes the executive summary to provide an overview of the Air Spring Components market.

The growth avenues for players in the Air Spring Components market are featured in the executive summary.

Readers can get a better idea of how the Air Spring Components market will grow during 2018-2026. This chapter also features a brief analysis on why the Air Spring Components market will witness healthy growth throughout the forecast period.

Chapter 2 – Market Introduction

This chapter helps readers to understand the basics of the Air Spring Components market with the help of market definition and market structure.

Chapter 3 – Market Background

This chapter includes the factors, such as supply chain, pricing analysis, raw material sourcing strategy, drivers, restraints, opportunities, market trends, and other macroeconomic factors that are supporting or hampering the growth of the Air Spring Components market, which can aid readers to understand important market dynamics.

Chapter 4 – Market Forecast

This chapter features all-encompassing information about other markets and industries, such as automotive industry, that are making a significant impact on the growth parameters of the Air Spring Components market during the forecast period.

In this chapter, readers can find detailed information about factors such as North America vehicle production and air suspensions vs. conventional spring suspensions, to explain their impact on demand and sales of Air Spring Components worldwide.

Chapter 5 – Global Air Spring Components Market Analysis 2013–2017 and Forecast 2018–2026, By Product Type

Based on the product types, the Air Spring Components market is segmented into three categories – convoluted bellows, rolling lobe bellows, and sleeve bellows.

This chapter provides detailed analysis of the growth parameters of the Air Spring Components market according to revenue (US$ Million) and volume (units) during historical period 2013-2017 and forecast period 2018-2026.

Chapter 6 – Global Air Spring Components Market Analysis 2013–2017 and Forecast 2018–2026, By Sales Channel

Depending on the sales channels of Air Spring Components, the Air Spring Components market is segmented into two major categories – Original Equipment Manufacturers (OEM) and aftermarket.

This chapter provides detailed analysis of the growth prospects of the Air Spring Components market considering the market value (US$ million) and volume (units) of various sales channels of Air Spring Components.

Chapter 7 – Global Air Spring Components Market Analysis 2013–2017 and Forecast 2018–2026, By Component Type

The Air Spring Components market is segmented according to its component types into bead plate and piston. Piston Air Spring Components are further divided into plastic pistons and metal pistons.

This chapter provides detailed overview of the growth of the Air Spring Components market based on its component types during the forecast period.

Chapter 8 – Global Air Spring Components Market Analysis 2013–2017 and Forecast 2018–2026, By Vehicle Type

Based on the vehicle types, the Air Spring Components market is segmented into lightweight commercial vehicles (LCVs) and heavy commercial vehicles (HCVs). HCV segment of the Air Spring Components market is further sub-segmented into buses & coaches and trailers & heavy trucks.

This chapter provides detailed analysis of market value (US$ Million) and volume (units) during historical period 2013-2017 and forecast period 2018-2026.

Chapter 9 – Global Air Spring Components Market Analysis 2013–2017 and Forecast 2018–2026, By Region

North America, Europe, Latin America, Southeast Asia Pacific (SEAP), China, and Middle East & Africa (MEA) are the leading geographical regions assessed to identify the regional growth prospects of the Air Spring Components market.

This chapter provides detailed information about the growth of the Air Spring Components markets in each of these geographical regions.

Chapter 10 – North America Air Spring Components Market Analysis 2013–2017 and Forecast 2018–2026

In this chapter, readers can find detailed information about the demand for Air Spring Components in two countries in the North American region – U.S. and Canada.

This chapter provides comprehensive information about the growth of the North American market for Air Spring Components with the help of the overview of the Air Spring Components market in each country considering all the other sub-segments of the Air Spring Components market.

Chapter 11 – Latin America Air Spring Components Market Analysis 2013–2017 and Forecast 2018–2026

This chapter includes detailed information on how the Latin American Air Spring Components market will grow during the forecast period, depending on the demand for Air Spring Components in leading Latin American countries such as Brazil, Mexico, and rest of the Latin American region. This chapter also focuses on providing information about the growth of leading sub-segments of the Air Spring Components market in Latin America.

The information featured in this chapter can help readers to identify growth opportunities in the Latin American Air Spring Components market.

Chapter 12 – Europe Air Spring Components Market Analysis 2013–2017 and Forecast 2018–2026

This chapter concentrates on the growth prospects of the market for Air Spring Components in leading European countries such as Germany, France, Russia, U.K., Italy, Spain, and rest of the European region.

Furthermore, this chapter also provides information about the Air Spring Components manufacturers with a stronger presence in European countries for readers to understand the competitive landscape of the European Air Spring Components market.

Chapter 13 – SEA & Pacific Air Spring Components Market Analysis 2013–2017 and Forecast 2018–2026

In this chapter, readers can find authentic information about the development of Air Spring Components market in the Southeast Asia Pacific (SEAP) region during the forecast period, depending on the demand for Air Spring Components in leading countries in the region such as Japan, India, ASEAN, and rest of the region.

It also provides insights on the market attractiveness based on the primary segments of the Air Spring Components market to define the growth prospects of the Air Spring Components market in the SEA & Pacific region.

Chapter 14 – MEA Air Spring Components Market Analysis 2013–2017 and Forecast 2018–2026

The chapter focuses on the growth parameters of the MEA Air Spring Components market in leading countries in the region such as Turkey, South Africa, and rest of the Middle East & African region. Readers can find comprehensive information about the growth prospects of the Air Spring Components market in the MEA region during the forecast period. This chapter provides comprehensive information about the growth of the MEA market for Air Spring Components according to its sub-segments, which can help them to envisage incremental growth in the MEA Air Spring Components market during the forecast period.

Chapter 15 – China Air Spring Components Market Analysis 2013–2017 and Forecast 2018–2026

In this chapter, readers can find qualitative and quantitative information about how the Air Spring Components market will grow in China during the forecast period 2018-2026.

Furthermore, this chapter also provides an explanation on crucial market dynamics that will impact the demand for Air Spring Components in China during the assessment period.

Chapter 16 – Global Industry Structure Analysis

This chapter focuses on the market structure and market share analysis of each of the leading stakeholder in the Air Spring Components market. The competitive dashboard included in this chapter helps readers to understand brief but important information about the competitive landscape in the Air Spring Components market.

Chapter 17 – Competition Landscape

This chapter provides a dashboard overview of the leading stakeholders in the Air Spring Components market along with their recent developments in the market. The market players featured in this chapter are Continental AG, Firestone Industrial Products Company LLC, STEMCO Products Inc., Akta? Holding, Vibracoustic CV Air Springs GmbH, Navistar, Inc., Air Lift Company, Meklas Group, Dunlop Systems and Components Ltd., Hendrickson USA LLC, Meritor, Inc., WABCO Holdings Inc., Gibraltar Airsprings Private Limited, Fabio Air Suspension Systems, and Guangzhou Guomat Air Spring Co., Ltd.

Chapter 18 – Strategy Analysis and Recommendations

This chapter provides comprehensive information about winning strategies adopted by market leaders to improve customer relationships, brand awareness, integration of logistics into OEMs’ operations, and to gain certifications and regulatory approvals.

Chapter 19 – Assumptions & Acronyms Used

This chapter provides important information about the Air Spring Components market, which includes acronyms and assumptions to help readers to fathom the information included in the report with more clarity.

Chapter 20 – Research Methodology

Readers can find information about the research methodology followed while conducting thorough research about the growth prospects of the Air Spring Components market, in this chapter.

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Yes, the report on the radiation proctitis treatment industry has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.

What research methodology is followed by Fact.MR?

Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.

What are the sources of secondary research?

Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.

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Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.

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