Market Overview:
The global air spring market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for passenger cars and commercial vehicles, globally. The market for air springs is segmented by type, application, and region. By type, the market is segmented into convoluted bellows, rolling lobe bellows, and sleeve bellows. By application, the market is divided into passenger car, light commercial vehicle (LCV), heavy commercial vehicle (HCV), and others. Region-wise, the global air spring market has been segregated into North America,, Latin America,, Europe,, Asia Pacific,,and Middle East & Africa,. The Asia Pacific region dominates the global air spring market in terms of revenue share followed by North America in 2017. In terms of volume however; Europe leads with maximum demand for air springs from automotive OEMs operating in this region followed closely by Asia Pacific. Some of the key players operating in this industry are ThyssenKrupp AG (Germany), Dunlop Systems & Components Ltd.(U K.), Hendrickson USA LLC(U S.), Air Lift Company(U S.), Wabco Holdings Inc.
Product Definition:
An air spring is a device used to suspend a load using compressed air. Air springs are commonly used in the suspension systems of vehicles, where they replace conventional metal coil springs.
Convoluted Bellows:
The global convoluted bellows market size was valued at USD 6.5 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for air springs from the automotive industry, which uses them in suspension systems, ride control units, shock absorbers and dampers among others.
Rolling Lobe Bellows:
The rolling lobe bellows is a device that aids in the expansion and contraction of air springs. It helps to regulate the pressure inside an air spring, thus enabling fine-tuned control over various aspects of an automobile’s suspension system. The mechanism comprises rubber or other material lobes mounted on a cylindrical steel sleeve which can be attached to either end of an air spring.
Application Insights:
The passenger car segment accounted for the largest revenue share in 2016 and is projected to expand at a CAGR of XX% over the forecast period. The growing demand for air springs in light commercial vehicles, such as mini trucks, is expected to drive the product demand over the forecast period. In addition, increasing LCV sales are anticipated to fuel market growth during this period.
The heavy commercial vehicle (HCV) application segment was valued at USD 1,252.5 million in 2016 and is expected to witness significant growth during the same period owing to increased production of HCVs particularly across emerging economies including China India.
Regional Analysis:
Asia Pacific dominated the global air spring market in 2017. The region is expected to witness significant growth over the forecast period owing to increasing demand for passenger cars and LCVs from emerging economies such as China, India, and Japan. Furthermore, rising disposable income coupled with a growing population will boost automobile sales in this region which will further drive product demand.
Europe accounted for a major share of revenue in 2017 due to stringent safety norms enforced by regulatory bodies such as ECE (European Commission) and NHTSA (National Highway Traffic Safety Administration). These regulatory guidelines have forced automotive manufacturers to incorporate advanced driver assistance systems (ADAS) that incorporate air springs into their vehicles which are anticipated to increase product utilization over the next eight years. North America is also likely to witness steady growth over the coming years on account of increasing emphasis on fuel economy along with government initiatives encouraging consumers towards alternative fuel vehicles such as electric cars or hybrid cars that incorporate air springs for improved ride quality and comfortability at low cost.
Growth Factors:
- Increasing demand for lightweight vehicles to reduce fuel consumption and emissions
- Growing popularity of air suspension systems in luxury cars
- Rising demand for air springs in heavy-duty trucks and trailers
- Proliferation of pneumatic tires on commercial vehicles
- Technological advancements that improve the performance and durability of air springs
Scope Of The Report
Report Attributes
Report Details
Report Title
Air Spring Market Research Report
By Type
Convoluted Bellows, Rolling Lobe Bellows, Sleeve Bellows
By Application
Passenger Car, Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV)
By Companies
Continental, Firestone Industrial Products Company, Hendrickson USA, Wabco Holdings, AccuAir Suspension, Dunlop Systems and components, Mando Corp, BWI Group, Tata AutoComp Systems, VB-Airsuspension, Continental
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
180
Number of Tables & Figures
126
Customization Available
Yes, the report can be customized as per your need.
Global Air Spring Market Report Segments:
The global Air Spring market is segmented on the basis of:
Types
Convoluted Bellows, Rolling Lobe Bellows, Sleeve Bellows
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Car, Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV)
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Continental
- Firestone Industrial Products Company
- Hendrickson USA
- Wabco Holdings
- AccuAir Suspension
- Dunlop Systems and components
- Mando Corp
- BWI Group
- Tata AutoComp Systems
- VB-Airsuspension
- Continental
Highlights of The Air Spring Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Convoluted Bellows
- Rolling Lobe Bellows
- Sleeve Bellows
- By Application:
- Passenger Car
- Light Commercial Vehicle (LCV)
- Heavy Commercial Vehicle (HCV)
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Air Spring Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Air springs are a type of air suspension system that uses compressed air to lift and lower an object.
Some of the major players in the air spring market are Continental, Firestone Industrial Products Company, Hendrickson USA, Wabco Holdings, AccuAir Suspension, Dunlop Systems and components, Mando Corp, BWI Group, Tata AutoComp Systems, VB-Airsuspension, Continental.
The air spring market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Air Spring Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Air Spring Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Air Spring Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Air Spring Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Air Spring Market Size & Forecast, 2018-2028
4.5.1 Air Spring Market Size and Y-o-Y Growth
4.5.2 Air Spring Market Absolute $ Opportunity
Chapter 5 Global Air Spring Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Air Spring Market Size Forecast by Type
5.2.1 Convoluted Bellows
5.2.2 Rolling Lobe Bellows
5.2.3 Sleeve Bellows
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Air Spring Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Air Spring Market Size Forecast by Applications
6.2.1 Passenger Car
6.2.2 Light Commercial Vehicle (LCV)
6.2.3 Heavy Commercial Vehicle (HCV)
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Air Spring Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Air Spring Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Air Spring Analysis and Forecast
9.1 Introduction
9.2 North America Air Spring Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Air Spring Market Size Forecast by Type
9.6.1 Convoluted Bellows
9.6.2 Rolling Lobe Bellows
9.6.3 Sleeve Bellows
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Air Spring Market Size Forecast by Applications
9.10.1 Passenger Car
9.10.2 Light Commercial Vehicle (LCV)
9.10.3 Heavy Commercial Vehicle (HCV)
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Air Spring Analysis and Forecast
10.1 Introduction
10.2 Europe Air Spring Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Air Spring Market Size Forecast by Type
10.6.1 Convoluted Bellows
10.6.2 Rolling Lobe Bellows
10.6.3 Sleeve Bellows
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Air Spring Market Size Forecast by Applications
10.10.1 Passenger Car
10.10.2 Light Commercial Vehicle (LCV)
10.10.3 Heavy Commercial Vehicle (HCV)
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Air Spring Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Air Spring Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Air Spring Market Size Forecast by Type
11.6.1 Convoluted Bellows
11.6.2 Rolling Lobe Bellows
11.6.3 Sleeve Bellows
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Air Spring Market Size Forecast by Applications
11.10.1 Passenger Car
11.10.2 Light Commercial Vehicle (LCV)
11.10.3 Heavy Commercial Vehicle (HCV)
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Air Spring Analysis and Forecast
12.1 Introduction
12.2 Latin America Air Spring Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Air Spring Market Size Forecast by Type
12.6.1 Convoluted Bellows
12.6.2 Rolling Lobe Bellows
12.6.3 Sleeve Bellows
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Air Spring Market Size Forecast by Applications
12.10.1 Passenger Car
12.10.2 Light Commercial Vehicle (LCV)
12.10.3 Heavy Commercial Vehicle (HCV)
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Air Spring Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Air Spring Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Air Spring Market Size Forecast by Type
13.6.1 Convoluted Bellows
13.6.2 Rolling Lobe Bellows
13.6.3 Sleeve Bellows
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Air Spring Market Size Forecast by Applications
13.10.1 Passenger Car
13.10.2 Light Commercial Vehicle (LCV)
13.10.3 Heavy Commercial Vehicle (HCV)
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Air Spring Market: Competitive Dashboard
14.2 Global Air Spring Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Continental
14.3.2 Firestone Industrial Products Company
14.3.3 Hendrickson USA
14.3.4 Wabco Holdings
14.3.5 AccuAir Suspension
14.3.6 Dunlop Systems and components
14.3.7 Mando Corp
14.3.8 BWI Group
14.3.9 Tata AutoComp Systems
14.3.10 VB-Airsuspension
14.3.11 Continental
