Market Overview:
The global air spring systems market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. The market growth can be attributed to the increasing demand for vehicles and railway applications across the globe. Additionally, growing industrial applications are also expected to fuel the demand for air spring systems over the forecast period. On basis of type, convoluted air spring systems are estimated to account for a major share of the global market in 2018. This can be attributed to their high performance and durability as compared with other types of air springs available in the market. Sleeve air spring systems are anticipated to witness highest growth rate during 2018-2030 owing their low cost and easy installation process as compared with other types of air springs available in the market. On basis of application, vehicles segment is anticipated hold dominant position in global Air Spring Systems Market throughout forecast period followed by railway application segment . Growing demand for commercial vehicles & passenger cars across globe is expected propel growth prospects for this segment over next 10 years . Industrial applications such as material handling equipment , compressors etc are also projected grow at significant pace owing rising investments towards modernization & automation initiatives undertaken by various end users industries .
Product Definition:
Air Spring Systems are devices which use pressurized air to support a load. They are typically used in suspension systems to provide a smooth ride, but can also be found in other applications such as forklifts and aerial work platforms.
Convoluted Air Spring Systems:
Convoluted air spring systems are used in a variety of applications such as automobiles, trucks, bicycles and motorcycles among others. The primary function of these systems is to provide resistance against the weight being pressed on the platform or floor. They also help in absorbing shocks and vibrations that may occur due to road disturbances or uneven surfaces under a vehicle.
Sleeve Air Spring Systems:
Sleeve air spring systems are used in automotive suspension to increase the stiffness of the system and provide resistance against bottoming out. The sleeve air spring is a gas-filled chamber that is located between two rubber or plastic seals. As pressure is applied to the vehicle’s tires, this creates an imbalance in forces within the suspension system which causes it to resist and rebound back towards its original position.
Application Insights:
The vehicles application segment accounted for the largest share of over 50.0% in 2017 and is projected to witness significant growth over the forecast period. Air spring systems are widely used in passenger cars, light commercial vehicles (LCVs), heavy commercial vehicles (HCVs), and buses as they offer improved ride quality by reducing road harshness through suspension travel, thus providing a comfortable ride to passengers.
Air spring systems have been employed for decades in aircraft with little modification ever since their introduction during World War II. These systems provide excellent comfort to passengers by increasing seat cushioning and decreasing leg fatigue due to less contact with the seat bottom when compared with conventional coil or hydraulic springs. Furthermore, these air-based solutions also eliminate squeaks caused by friction between various parts of an aircraft¢â‚¬â„¢s interior thereby enhancing its appearance overall leading to increased demand from low-cost carriers such as Southwest Airlines Co., Ltd.
Regional Analysis:
North America dominated the global air spring systems market in 2017. The region is expected to witness a CAGR of XX% over the forecast period, owing to increasing demand for passenger cars and light commercial vehicles (LCVs). In North America, Mexico is anticipated to be one of the major markets witnessing growth over the next eight years due to rising disposable income coupled with government initiatives such as Make in India initiative and new NAFTA agreement between U.S., Canada and Mexico are likely boost automotive production in this region which will drive product demand further.
Growth Factors:
- Increasing demand for lightweight vehicles: Air spring systems offer weight savings as compared to traditional coil springs, which is a key factor driving their adoption in the automotive industry.
- Growing popularity of off-road vehicles: Air spring systems are being increasingly used in off-road vehicles due to their ability to provide a smooth ride over rough terrain.
- Rising demand for commercial transport vehicles: Air spring systems are finding increasing application in commercial transport vehicles due to their superior load carrying capacity and durability.
- Technological advancements: The air spring system market is witnessing rapid technological advancements, with new products being launched regularly that offer improved performance and functionality. This is helping fuel the growth of the market overall. 5) Growing awareness about the benefits of air springs: There is growing awareness about the benefits of air springs among consumers, which is helping boost demand for these products across different applications
Scope Of The Report
Report Attributes
Report Details
Report Title
Air Spring Systems Market Research Report
By Type
Convoluted Air Spring Systems, Sleeve Air Spring Systems, Others
By Application
Vehicles, Railway, Industrial Applications, Others
By Companies
Continental, Bridgestone, Vibracoustic, ITT Enidine, Aktas, Sumitomo Electric, Stemco, Air Lift Company, GMT Rubber, Toyo Tire, Dunlop, Mei Chen, Qingdao senho, Yitao Qianchao, Zhuzhou Times, GaoMate
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
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Air Spring Systems Market Report Segments:
The global Air Spring Systems market is segmented on the basis of:
Types
Convoluted Air Spring Systems, Sleeve Air Spring Systems, Others
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
Vehicles, Railway, Industrial Applications, Others
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
- Bridgestone
- Vibracoustic
- ITT Enidine
- Aktas
- Sumitomo Electric
- Stemco
- Air Lift Company
- GMT Rubber
- Toyo Tire
- Dunlop
- Mei Chen
- Qingdao senho
- Yitao Qianchao
- Zhuzhou Times
- GaoMate
Highlights of The Air Spring Systems 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 Air Spring Systems
- Sleeve Air Spring Systems
- Others
- By Application:
- Vehicles
- Railway
- Industrial Applications
- Others
- 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 Systems 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
- Channel & Customer Management
- 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 Spring Systems is a company that manufactures air suspension systems for vehicles.
Some of the key players operating in the air spring systems market are Continental, Bridgestone, Vibracoustic, ITT Enidine, Aktas, Sumitomo Electric, Stemco, Air Lift Company, GMT Rubber, Toyo Tire, Dunlop, Mei Chen, Qingdao senho, Yitao Qianchao, Zhuzhou Times, GaoMate.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Air Spring Systems 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 Systems Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Air Spring Systems 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 Systems 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 Systems Market Size & Forecast, 2020-2028
4.5.1 Air Spring Systems Market Size and Y-o-Y Growth
4.5.2 Air Spring Systems Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Convoluted Air Spring Systems
5.2.2 Sleeve Air Spring Systems
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Vehicles
6.2.2 Railway
6.2.3 Industrial Applications
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Air Spring Systems 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 Systems 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Convoluted Air Spring Systems
9.6.2 Sleeve Air Spring Systems
9.6.3 Others
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 Market Size Forecast by Applications
9.10.1 Vehicles
9.10.2 Railway
9.10.3 Industrial Applications
9.10.4 Others
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Convoluted Air Spring Systems
10.6.2 Sleeve Air Spring Systems
10.6.3 Others
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 Market Size Forecast by Applications
10.10.1 Vehicles
10.10.2 Railway
10.10.3 Industrial Applications
10.10.4 Others
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Convoluted Air Spring Systems
11.6.2 Sleeve Air Spring Systems
11.6.3 Others
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 Market Size Forecast by Applications
11.10.1 Vehicles
11.10.2 Railway
11.10.3 Industrial Applications
11.10.4 Others
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Convoluted Air Spring Systems
12.6.2 Sleeve Air Spring Systems
12.6.3 Others
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 Market Size Forecast by Applications
12.10.1 Vehicles
12.10.2 Railway
12.10.3 Industrial Applications
12.10.4 Others
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Convoluted Air Spring Systems
13.6.2 Sleeve Air Spring Systems
13.6.3 Others
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) Market Size Forecast by Applications
13.10.1 Vehicles
13.10.2 Railway
13.10.3 Industrial Applications
13.10.4 Others
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 Systems Market: Competitive Dashboard
14.2 Global Air Spring Systems Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Continental
14.3.2 Bridgestone
14.3.3 Vibracoustic
14.3.4 ITT Enidine
14.3.5 Aktas
14.3.6 Sumitomo Electric
14.3.7 Stemco
14.3.8 Air Lift Company
14.3.9 GMT Rubber
14.3.10 Toyo Tire
14.3.11 Dunlop
14.3.12 Mei Chen
14.3.13 Qingdao senho
14.3.14 Yitao Qianchao
14.3.15 Zhuzhou Times
14.3.16 GaoMate
