Market Overview:
The global sleeve air springs market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for sleeve air springs in vehicles, railway, and industrial applications. Additionally, the growing demand for lightweight and fuel-efficient vehicles is also contributing to the growth of this market.
Product Definition:
A sleeve air spring is a device used to support and suspend loads. It is made up of an inner tube and an outer tube, with the space between them filled with air. The tubes can be made from a variety of materials, including steel, aluminum, or plastic. Sleeve air springs are important because they are able to support large loads without damage and are relatively easy to install.
Below 5000 Lbs:
Below 5000 Lbs, it's usage.
The below 5000 lbs., sleeve air springs market is expected to witness significant growth over the forecast period owing to increasing demand for light-duty vehicles such as electric cars, scooters, and bicycles. The growing trend of using lightweight components in automobiles has led manufacturers to develop products that reduce automobile weight. This aids in improving fuel efficiency which reduces carbon emissions into the environment.
Between 5000 to 7500 Lbs:
The weight range between 5000 to 7500 Lbs is used in sleeve air springs market. The weight of the spring depends upon its application and type. For instance, if it’s a standard sleeve air spring then it would be around 500 Lbs to 700 Lbs, whereas if it’s a heavy-duty sleeve air then the weight would go upto 7000LBS.
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. The growing automotive industry, particularly in developing countries such as India and China, is anticipated to drive demand for air springs during the estimated period.
Sleeve type air spring has been used extensively in railway applications owing to its ability to provide comfortable ride with good suspension performance at a relatively low cost when compared with other types of air springs. These are widely used for providing smooth ride on board trains by cushioning heavy load abovementioned without increasing travel expenses much beyond budgeted fares announced by railways authorities.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of prominent players such as Air-X, Inc.; Autoliv, Inc.; and Safety Dynamics Corporation. The region is expected to maintain its dominance over the forecast period due to increasing demand for passenger cars and light commercial vehicles.
Asia Pacific is projected to be one of the fastest growing regions during the forecast period owing to rising disposable income coupled with improving economic conditions in emerging countries such as India and China. In addition, supportive government policies are likely to play a crucial role in promoting investments from various industries which will further boost product demand across all applications including industrial, railway etc.
Growth Factors:
- Increasing demand for lightweight vehicles: The global trend of downsizing and weight reduction in passenger vehicles is expected to drive the demand for sleeve air springs over the forecast period. Sleeve air springs are lighter in weight as compared to other types of air springs, which makes them ideal for use in lightweight vehicles.
- Growing popularity of ride-sharing services: Ride-sharing services are gaining popularity across the globe due to their affordability and convenience. This is expected to boost the demand for sleeve air springs as they are used extensively in ride-sharing vehicles.
- Rising adoption of electric and hybrid vehicles: The increasing adoption of electric and hybrid vehicles is driving the need for energy efficient technologies such as sleeve air springs. These Springs offer superior performance with respect to energy consumption, making them a preferred choice among vehicle manufacturers worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Sleeve Air Springs Market Research Report
By Type
Below 5000 Lbs, Between 5000 to 7500 Lbs, Above 7500 Lbs
By Application
Vehicles, Railway, Industrial Applications, Others
By Companies
Goodyear, Air Lift, Continental, Vibracoustic, Toyo Tire, Qingdao Senho, ITT Enidine, Stemco, Dunlop, Firestone
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
202
Number of Tables & Figures
142
Customization Available
Yes, the report can be customized as per your need.
Global Sleeve Air Springs Market Report Segments:
The global Sleeve Air Springs market is segmented on the basis of:
Types
Below 5000 Lbs, Between 5000 to 7500 Lbs, Above 7500 Lbs
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:
- Goodyear
- Air Lift
- Continental
- Vibracoustic
- Toyo Tire
- Qingdao Senho
- ITT Enidine
- Stemco
- Dunlop
- Firestone
Highlights of The Sleeve Air Springs 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:
- Below 5000 Lbs
- Between 5000 to 7500 Lbs
- Above 7500 Lbs
- 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 Sleeve Air Springs 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?
Sleeve air springs are a type of air suspension system that use a series of small, flexible tubes to store compressed air. When the pressure in the tubes is released, it causes the springs to expand and lift the vehicle or object above its original position.
Some of the key players operating in the sleeve air springs market are Goodyear, Air Lift, Continental, Vibracoustic, Toyo Tire, Qingdao Senho, ITT Enidine, Stemco, Dunlop, Firestone.
The sleeve air springs 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 Sleeve Air Springs 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 Sleeve Air Springs Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Sleeve Air Springs 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 Sleeve Air Springs 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 Sleeve Air Springs Market Size & Forecast, 2020-2028
4.5.1 Sleeve Air Springs Market Size and Y-o-Y Growth
4.5.2 Sleeve Air Springs 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 Below 5000 Lbs
5.2.2 Between 5000 to 7500 Lbs
5.2.3 Above 7500 Lbs
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 Sleeve Air Springs 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 Sleeve Air Springs 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 Below 5000 Lbs
9.6.2 Between 5000 to 7500 Lbs
9.6.3 Above 7500 Lbs
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 Below 5000 Lbs
10.6.2 Between 5000 to 7500 Lbs
10.6.3 Above 7500 Lbs
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 Below 5000 Lbs
11.6.2 Between 5000 to 7500 Lbs
11.6.3 Above 7500 Lbs
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 Below 5000 Lbs
12.6.2 Between 5000 to 7500 Lbs
12.6.3 Above 7500 Lbs
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 Below 5000 Lbs
13.6.2 Between 5000 to 7500 Lbs
13.6.3 Above 7500 Lbs
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 Sleeve Air Springs Market: Competitive Dashboard
14.2 Global Sleeve Air Springs Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Goodyear
14.3.2 Air Lift
14.3.3 Continental
14.3.4 Vibracoustic
14.3.5 Toyo Tire
14.3.6 Qingdao Senho
14.3.7 ITT Enidine
14.3.8 Stemco
14.3.9 Dunlop
14.3.10 Firestone
