Air Springs Market Forecast, Trend Analysis & Competition Tracking - Global Market insights 2017 to 2026

Published on : May-2018 | List of Tables : 158 | List of Figures : 120 | No. of Pages : 170 | Report Code : FACT716MR | Format :

“Defence is Best Offense” in the Highly Competitive Air Springs Market

There is a pervasive realization among air spring manufacturers that if they intend to remain competitive in a fragmentally consolidated global market, they need to secure clients for long term. Either it is innovation they can offer in the existing product lines as Continental Corp and Neopos did, or it has to be through WABCO way. Some of the key notable developments in the air springs marketplace include,

  • WABCO Holdings Inc., a key participant in the global air springs market, continues to consolidate its position in the electric-powered passenger vehicles segment. The company entered into an agreement with a leading German car maker in 2017, with production expected to start in late 2018.
  • In a bid to strengthen its presence in the aftermarket and cover a range of commercial vehicle operations, Meritor Inc. launched a new line of air springs, including double convoluted, cab-mount, and reversing (rolling lobe).
  • Continental Corp. highlighted its Smart Air Springs for heavy duty vehicles, including trucks and trailers in late 2017. The Smart Air Springs showcased by the company are equipped with a range of features to reduce the overall weight. These innovative air spring have been made from polyamide instead of steel or aluminum.
  • Stemco, a leading manufacturer of components for commercial vehicles, completed the construction of a 20,000-sq-facility to design and test advances in materials, design, and technology. The new facility is being built at Fairlawn Corporate Park in Ohio.
  • Neopos, a new air suspension technology developed by Formula, offers higher linear compression and return rates of coil springs. According to the company, the new technology has been in development since 2011.
air springs market

Rolling Lobe Remains the Preferred Choice for OEMs

Sales of rolling lobe air springs continue to remain higher than convolutes (single and multi), and sleeves. The marked preference for rolling lobes can be attributed to their small size, low weight, and ability to handle pressure at 1:1 ratio. Rolling lobe air springs have a piston which enables a flexible member to roll along the piston’s surface. The key focus areas for rolling lobe manufacturers are,

  • Improving the ozone resistance and service life
  • Reduction in overall weight and mitigation of flex cracking of air springs
  • Reducing the vibration, misalignment, while increasing the longevity with a secure mounting experience
  • Boosting equipment longevity and fuel-efficiency

Air springs find applications in including passenger cars, buses, trailers & trucks, light commercial vehicles, railways, and industrial lifts and earthmovers. Among these, buses and passenger cars represent two largest application segments in the global air springs market. The number of buses and passenger cars is significantly higher than other transportation mediums, which is a key reason for increased demand for these two application segments.

Asian Auto Components Industry is Suspending on China and India’s Performance

Asia Pacific’s position in the global auto industry continues to gain ground. The region is home to the world’s two most prolific auto markets – China and India. According to data from the United Nations, India’s population will even with that of China by 2022 – collectively these countries will have 2.8 billion people.

Unsurprisingly, these two countries have emerged as lucrative markets for not just the automotive industry, but a wide gamut, ranging from healthcare to consumer goods. According to data from SIAM (Society of Indian Automobile Manufacturers), the auto industry grew by 14.78% y-o-y in 2018 over 2017. The Chinese Central Government is optimistic that automotive output will reach nearly 30 million units by 2020.

The fledgling auto industry in these two countries has put Asia Pacific on the global auto components map. For long, many Asian countries, including China, India, and ASEAN were scrambled to because of low labor cost; however, in the last decade or so, this has been complemented with adoption of innovative technology. The broader developments in the auto components industry are rubbing off on the air springs market in the region. In terms of both value and volume, the region will remain at pole position during the assessment period.

Fact.MR’s research study projects the global air springs market to surpass US$ 4 Bn in revenues by 2026. In terms of volume, over 33,000’000 units of air springs are likely to be sold by the end of the forecast period.    

Air springs form an integral component in luxury cars, SUVs and public transport vehicles such as buses. With a notable rise in net-worth individuals, ultra-luxury vehicles have demonstrated robust sales in the recent past. Adoption of body-on-frame SUVs has surged, with increased sales by OEMs as they venture into SUVs. OEMs equip air springs with novel air suspension systems. Electronically-controlled air suspension systems (ECAS), which have been witnessing robust penetration in luxury cars and commercial vehicles, are also a major demand determinant of air springs.

Detailed Assessment on Air Springs Market

Fact.MR has recently published a new report on the global air springs market, which offers accurate forecasts on the market for the period between 2017 and 2026. This report is a definite source of information that imparts intelligence on recent market dynamics, industry trends, potential markets, technology developments & advancements, and product innovation coupled with extensive regional market coverage.

A comprehensive data analysis on the global air springs market is delivered in the report, in order to help the clients in gaining a competitive edge and attracting potential customers. The report further aids in better understanding of the industry structure, and offers evaluations on the competition intensity attractiveness. Business strategists can leverage the intelligence offered in the report regarding latest opportunities and trends impacting the market expansion to make fact-based decisions for their businesses.

Air Springs Market: Taxonomy and Segmentation Analysis

This report also offers a scrutinized study on the global market for air springs in terms of a segmentation analysis. The market has been divided into five key segments, namely, force, product type, application, sales channel, and region. These segments have been analyzed in detail, engulfing market forecasts and estimates at a country and regional level.

The segmentation analysis offered can be useful for the report readers in understanding probable opportunities and potential markets for the target product – air springs. A taxonomy table incorporated in the report illustrates all the market segments in a systematic manner as depicted below.

Region

Product Type

Sales Channel

Application

Force

North America

Single Convolute

OEM

Passenger Cars

Less than 1500

Latin America

Multi Convolute

Aftermarket

Buses

1500-2100

Europe

Sleeve

 

Trailers & Trucks

2100-3300

Japan

Rolling Lobe

 

Light Commercial Vehicles

3300-7300

APEJ

 

 

Railways

7300-8800

MEA

 

 

Industrial Lifts & Earthmovers

8800-10000

 

 

 

 

Above 10000

(Additional information, including cross-sectional data and country-wise analysis & forecast is available in the report)

Air Springs Market: Competitive Landscape Assessment

In its concluding chapter, the report quantifies revenues share of prominent companies in the global air springs market, and offers an in-depth overview of the market’s competitive scenario. A detailed description has been delivered on all the market players profiled in the report, which includes intelligence in terms of their company overview, key financials, product overview, past as well as latest developments.

A SWOT analysis has been offered on each market player incorporated in the report, along with information on their new product developments, and market expansion strategies such as collaborations and partnerships. The scope of the report is offer its readers with authentic information and insights on the global air springs market, to enable them in making better future decisions for growth of the businesses.

1. Executive Summary
1.1. Summarizing Key Findings
1.2. Trends and Developments
1.3. Strategic Themes
1.4. Highlighting Action Area – Wheel of Fortune

2. Global Air Spring Market Overview
2.1. Introduction
2.2. Market Definition and Scope
2.3. Market Taxonomy and Segments Captured

3. Global Air Spring Market Outlook
3.1. Market Size (US$ Mn) & Volume (‘000 Units) and Forecast, 2012-2026
3.2. Market Y-o-Y Growth
3.3. Forecast Factors and Relevance of Impact

4. Global Air Spring Market Dynamics
4.1. Drivers
4.2. Restraints
4.3. Opportunities
4.4. Trends

5. Supply Chain and Value Chain Assessment

6. Actionable Insights and Analysis
6.1. Competition Footprint Matrix
6.2. Scenario Forecast
6.3. PESTLE Analysis
6.4. Porter's Five Forces Analysis
6.5. Product Life Cycle
6.6. Investment Feasibility Matrix
6.7. List of Distributors
6.8. Key Participants Market Presence (Intensity Map) By Region

7. Global Air Spring Market Analysis and Forecast by Type, 2012-2026
7.1. Analysis and Forecast by Product Type
       7.1.1. Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Region
       7.1.2. Market Share Comparison, By Region
       7.1.3. Y-o-Y growth Comparison, By Region
7.2. Analysis and Forecast By Sales Channel
       7.2.1. Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Region
       7.2.2. Market Share Comparison, By Region
       7.2.3. Y-o-Y growth Comparison, By Region
7.3. Analysis and Forecast By Application
       7.3.1. Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Region
       7.3.2. Market Share Comparison, By Region
       7.3.3. Y-o-Y growth Comparison, By Region
7.4. Analysis and Forecast By Force
       7.4.1. Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Region
       7.4.2. Market Share Comparison, By Region
       7.4.3. Y-o-Y growth Comparison, By Region

8. North America Air Spring Market Analysis, 2012-2026
8.1. Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Country
       8.1.1. US Market Size & Forecast Value (US$ Mn) & Volume (‘000 Units)
       8.1.2. Canada Market Size & Forecast Value (US$ Mn) & Volume (‘000 Units)
8.2. Revenue (US$ Mn) & Volume (‘000 Units), By Product Type
8.3. Revenue (US$ Mn) & Volume (‘000 Units), By Sales Channel
8.4. Revenue (US$ Mn) & Volume (‘000 Units), By Application
8.5. Revenue (US$ Mn) & Volume (‘000 Units), By Force

9. Latin America Air Spring Market Analysis, 2012-2026
9.1. Revenue (US$ Mn) & Volume (‘000 Units), By Country
       9.1.1. Brazil Market Size & Forecast Value (US$ Mn) & Volume (‘000 Units)
       9.1.2. Mexico Market Size & Forecast Value (US$ Mn) & Volume (‘000 Units)
       9.1.3. Rest of Latin America Market Size & Forecast Value (US$ Mn) & Volume (‘000 Units)
9.2. Revenue (US$ Mn) & Volume (‘000 Units), By Product Type
9.3. Revenue (US$ Mn) & Volume (‘000 Units), By Sales Channel
9.4. Revenue (US$ Mn) & Volume (‘000 Units), By Application
9.5. Revenue (US$ Mn) & Volume (‘000 Units), By Force
9.6. Europe Air Spring Market Size and Forecast, 2012-2026
9.7. Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Country
       9.7.1. UK Market Size and Forecast Value (US$ Mn) & Volume (‘000 Units)
       9.7.2. Germany Market Size and Forecast Value (US$ Mn) & Volume (‘000 Units)
       9.7.3. France Market Size and Forecast Value (US$ Mn) & Volume (‘000 Units)
       9.7.4. Italy Market Size and Forecast Value (US$ Mn) & Volume (‘000 Units)
       9.7.5. Spain Market Size and Forecast Value (US$ Mn) & Volume (‘000 Units)
       9.7.6. Rest Of Europe Market Size and Forecast Value (US$ Mn) & Volume (‘000 Units)
9.8. Revenue (US$ Mn) & Volume (‘000 Units), By Product Type
9.9. Revenue (US$ Mn) & Volume (‘000 Units), By Sales Channel
9.10. Revenue (US$ Mn) & Volume (‘000 Units), By Application
9.11. Revenue (US$ Mn) & Volume (‘000 Units), By Force

10. Japan Air Spring Market Size and Forecast, 2012-2026
10.1. Japan Market Size and Forecast Value (US$ Mn) & Volume (‘000 Units)
10.2. Revenue (US$ Mn) & Volume (‘000 Units), By Product Type
10.3. Revenue (US$ Mn) & Volume (‘000 Units), By Sales Channel
10.4. Revenue (US$ Mn) & Volume (‘000 Units), By Application
10.5. Revenue (US$ Mn) & Volume (‘000 Units), By Force

11. APEJ Air Spring Market Size and Forecast, 2012-2026
11.1. Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Country
       11.1.1. China Market Size and Forecast Value (US$ Mn) & Volume (‘000 Units)
       11.1.2. India Market Size and Forecast Value (US$ Mn) & Volume (‘000 Units)
       11.1.3. Malaysia Market Size and Forecast Value (US$ Mn) & Volume (‘000 Units)
       11.1.4. Singapore Market Size and Forecast Value (US$ Mn) & Volume (‘000 Units)
       11.1.5. Australia Market Size and Forecast Value (US$ Mn) & Volume (‘000 Units)
       11.1.6. Rest of APEJ Market Size and Forecast Value (US$ Mn) & Volume (‘000 Units)
11.2. Revenue (US$ Mn) & Volume (‘000 Units), By Product Type
11.3. Revenue (US$ Mn) & Volume (‘000 Units), By Sales Channel
11.4. Revenue (US$ Mn) & Volume (‘000 Units), By Application
11.5. Revenue (US$ Mn) & Volume (‘000 Units), By Force

12. MEA Air Spring Market Size and Forecast, 2012-2026
12.1. Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Country
       12.1.1. GCC Market Size and Forecast Value (US$ Mn) & Volume (‘000 Units)
       12.1.2. South Africa Market Size and Forecast Value (US$ Mn) & Volume (‘000 Units)
       12.1.3. North Africa Market Size and Forecast Value (US$ Mn) & Volume (‘000 Units)
       12.1.4. Rest of MEA Market Size and Forecast Value (US$ Mn) & Volume (‘000 Units)
12.2. Revenue (US$ Mn) & Volume (‘000 Units), By Product Type
12.3. Revenue (US$ Mn) & Volume (‘000 Units), By Sales Channel
12.4. Revenue (US$ Mn) & Volume (‘000 Units), By Application
12.5. Revenue (US$ Mn) & Volume (‘000 Units), By Force

13. Competition Landscape, Company Share and Company Profiles
13.1. Company Share Analysis and Industry Structure
13.2. Competition Dashboard
13.3. Manufacturer Company Profiles
       13.3.1. BWI Group
       13.3.2. Continental AG
       13.3.3. Dunloop Systems and Components
       13.3.4. Firestone Industrial LLC
       13.3.5. Hendrickson LLC
       13.3.6. Other Public and Private Players

14. Key Takeaways

15. Research Methodology

16. Disclaimer

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Air Springs Market Forecast, Trend Analysis & Competition Tracking - Global Market insights 2017 to 2026