Market Overview:
The global suspension air bags market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for vehicles and railway applications across the globe. Additionally, the industrial applications segment is also projected to witness high growth during the forecast period owing to increasing demand from end-use industries such as automotive, aerospace & defense, and construction. The global suspension air bags market by type is segmented into convoluted, sleeves, and others. The convoluted type segment is expected to hold a major share of the market in 2018 owing to its superior properties such as high pressure resistance and durability. However, the sleeves type segment is projected to grow at a higher CAGR during the forecast period due its low manufacturing cost and easy installation process. However,.
Product Definition:
A suspension air bag is a device used in an automotive suspension system to improve ride quality and control. Suspension air bags are filled with pressurized air, which gives them their spring-like characteristic. When the vehicle hits a bump in the road, the compressed air inside the bag pushes against the coil spring, providing resistance and preventing excessive movement of the wheel assembly.
Convoluted:
Convoluted airbags are a series of interconnected bags that use pressurized nitrogen to propel the expansion and deployment of the individual bags. The basic principle behind these airbags is similar to that of a conventional active suspension system, in which an inner bag containing compressed gas is triggered by an external impact. However, unlike conventional systems where the gas springs into action, here it is released gradually through small orifices in thebag wallowing out around corners.
Sleeves:
Sleeves are used in airbags to prevent the spread of inflation. They can be made from different materials such as plastic, foam, and cotton. The choice of material depends on the application and performance requirements for a particular airbag. For instance, plastic sleeves have better durability than other materials but may not be suitable for high-performance applications since they reduce gas exchange ability.
Application Insights:
Vehicles application segment accounted for the largest share in 2016 and is projected to witness significant growth over the forecast period. This can be attributed to rising number of fatal accidents involving passenger cars, light commercial vehicles (LCVs) and heavy commercial vehicles (HCVs). Suspension airbags are installed in all types of vehicles including sports cars, luxury cars, economy class passenger buses and trucks as well as armored military tanks. The modern technology incorporated into these bags provides safety features such as driver protection against side impact collision injuries by deploying a protective cushioning system around the driver¢â‚¬â„¢s seat.
The railway application segment is expected to expand at a CAGR of XX% from 2017 to 2030 owing to increasing use of suspension airbags on trains due largely preventing train-related deaths & injuries along with providing comfort during travel experience.
Regional Analysis:
Europe was the largest market for global suspension air bags, accounting for more than 35% of the total revenue in 2017. The presence of stringent regulations pertaining to road safety in Europe has resulted in increased demand for airbags across all segments including passenger cars, two-wheelers and heavy commercial vehicles. Moreover, rising cases of accidents have led to an increase in product demand across this region as well.
Asia Pacific is expected to be one of the fastest growing regions with a CAGR exceeding 6% from 2018 to 2030 owing to increasing awareness about road safety coupled with rising number of fatalities caused due to vehicular accidents every year. In addition, improving economic conditions and rapid industrialization are likely boost growth over this region’s forecast period as well.
Growth Factors:
- Increasing demand for luxury and comfort in vehicles
- Rising disposable income of consumers
- Technological advancements in air bag suspension systems
- Stringent safety norms by regulatory authorities
- Growing popularity of off-road vehicles
Scope Of The Report
Report Attributes
Report Details
Report Title
Suspension Air Bags Market Research Report
By Type
Convoluted, Sleeves, Others
By Application
Vehicles, Railway, Industrial Applications, Others
By Companies
Continental, Vibracoustic, Bridgestone, Aktas, Toyo Tire & Rubber, Sumitomo Electric, Senho, Yitao Qianchao, ITT Enidine, Zhuzhou Times, Mei Chen Technology, Stemco, GaoMate, Dunlop, GMT Rubber-Metal-Technic, Air Lift Company
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
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Suspension Air Bags Market Report Segments:
The global Suspension Air Bags market is segmented on the basis of:
Types
Convoluted, Sleeves, 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
- Vibracoustic
- Bridgestone
- Aktas
- Toyo Tire & Rubber
- Sumitomo Electric
- Senho
- Yitao Qianchao
- ITT Enidine
- Zhuzhou Times
- Mei Chen Technology
- Stemco
- GaoMate
- Dunlop
- GMT Rubber-Metal-Technic
- Air Lift Company
Highlights of The Suspension Air Bags 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
- Sleeves
- 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 Suspension Air Bags 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
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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?
Suspension air bags are a type of safety device that is installed in vehicles to protect occupants in the event of a collision. The bags inflate rapidly and forcefully, reducing the severity of impact and helping to protect passengers from being thrown from their seats.
Some of the major players in the suspension air bags market are Continental, Vibracoustic, Bridgestone, Aktas, Toyo Tire & Rubber, Sumitomo Electric, Senho, Yitao Qianchao, ITT Enidine, Zhuzhou Times, Mei Chen Technology, Stemco, GaoMate, Dunlop, GMT Rubber-Metal-Technic, Air Lift Company.
The suspension air bags market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Suspension Air Bags Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Suspension Air Bags Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Suspension Air Bags Market - Supply Chain
4.5. Global Suspension Air Bags Market Forecast
4.5.1. Suspension Air Bags Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Suspension Air Bags Market Size (000 Units) and Y-o-Y Growth
4.5.3. Suspension Air Bags Market Absolute $ Opportunity
5. Global Suspension Air Bags Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Suspension Air Bags Market Size and Volume Forecast by Type
5.3.1. Convoluted
5.3.2. Sleeves
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Suspension Air Bags Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Suspension Air Bags Market Size and Volume Forecast by Application
6.3.1. Vehicles
6.3.2. Railway
6.3.3. Industrial Applications
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Suspension Air Bags Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Suspension Air Bags Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Suspension Air Bags Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Suspension Air Bags Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Suspension Air Bags Demand Share Forecast, 2019-2026
9. North America Suspension Air Bags Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Suspension Air Bags Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Suspension Air Bags Market Size and Volume Forecast by Application
9.4.1. Vehicles
9.4.2. Railway
9.4.3. Industrial Applications
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Suspension Air Bags Market Size and Volume Forecast by Type
9.7.1. Convoluted
9.7.2. Sleeves
9.7.3. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Suspension Air Bags Demand Share Forecast, 2019-2026
10. Latin America Suspension Air Bags Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Suspension Air Bags Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Suspension Air Bags Market Size and Volume Forecast by Application
10.4.1. Vehicles
10.4.2. Railway
10.4.3. Industrial Applications
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Suspension Air Bags Market Size and Volume Forecast by Type
10.7.1. Convoluted
10.7.2. Sleeves
10.7.3. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Suspension Air Bags Demand Share Forecast, 2019-2026
11. Europe Suspension Air Bags Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Suspension Air Bags Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Suspension Air Bags Market Size and Volume Forecast by Application
11.4.1. Vehicles
11.4.2. Railway
11.4.3. Industrial Applications
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Suspension Air Bags Market Size and Volume Forecast by Type
11.7.1. Convoluted
11.7.2. Sleeves
11.7.3. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections byType
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Suspension Air Bags Demand Share, 2019-2026
12. Asia Pacific Suspension Air Bags Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Suspension Air Bags Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Suspension Air Bags Market Size and Volume Forecast by Application
12.4.1. Vehicles
12.4.2. Railway
12.4.3. Industrial Applications
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Suspension Air Bags Market Size and Volume Forecast by Type
12.7.1. Convoluted
12.7.2. Sleeves
12.7.3. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Suspension Air Bags Demand Share, 2019-2026
13. Middle East & Africa Suspension Air Bags Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Suspension Air Bags Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Suspension Air Bags Market Size and Volume Forecast by Application
13.4.1. Vehicles
13.4.2. Railway
13.4.3. Industrial Applications
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Suspension Air Bags Market Size and Volume Forecast by Type
13.7.1. Convoluted
13.7.2. Sleeves
13.7.3. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Suspension Air Bags Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Suspension Air Bags Market: Market Share Analysis
14.2. Suspension Air Bags Distributors and Customers
14.3. Suspension Air Bags Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Continental
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Vibracoustic
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Bridgestone
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Aktas
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Toyo Tire & Rubber
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Sumitomo Electric
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Senho
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Yitao Qianchao
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. ITT Enidine
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Zhuzhou Times
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Mei Chen Technology
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Stemco
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. GaoMate
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Dunlop
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. GMT Rubber-Metal-Technic
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Air Lift Company
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
