Increase in Demands for Long-Distance Luxury Vehicles Expected to Drive World Air Springs Market over the Forecast Period: Ken Research

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Air spring is a load-carrying rubber component made of a hollow rubber bellow sealed to metal plates attached at the top & bottom. Air spring is an important component of air suspension system, consists of an air-supply tank, an air compressor, leveling valves, bellows, check valves, and connecting piping. It is a high force, low cost actuator which operates in a linear fashion or at an angle. It is used on automobiles, machines, and buses for providing smooth braking systems in automobiles. It enables improved vibration isolation, higher durability and reduced driver fatigue. It is beneficial over mechanical leaf & coil springs owing to its extra comfort & shock absorbing properties, Moreover, the usage of air suspensions in automobiles increase the safety features. This enhances the adoption rates of air springs in commercial vehicles and passenger cars.

The key benefits are included reduced noise & harshness, more versatile for some loads, improved fuel consumption, less damage to road surfaces, better resale and less load shifting. Apart from benefits, some of the drawbacks are durability and more costly.

World Air Springs Market Research Report

According to study, “World Air Springs Market Research Report 2024(Covering USA, Europe, China, Japan, SEA and India)” the key companies operating in the world air springs market are Continental AG, ITT Enidine, Bridgestone, Sumitomo Electric, Aktas, Air Lift Company, Stemco, TrelleborgVibracoustic, Toyo Tire & Rubber, Dunlop Systems and components, ThyssenKrupp AG, Zhuzhou Times, Bilz Vibration, CFM Schiller, Mei Chen Technology, Yitao Qianchao, Ouya Rubber, Qingdao Senho, Sona, Firestone Industrial Products Company LLC, Wabco Holdings Inc., Hendrickson USA LLC., GMT Rubber-Metal-Technic, BWI Group, Gaomate, AccuAir Suspension, Mando Corp, VB-Airsuspension, Tata AutoComp Systems Ltd., VDL Weweler-Colaert NV.

Based on type, air springs market is segmented into semi-automatic air spring and full-automatic air spring. Based on product type, market is segmented into convoluted bellows, sleeve bellows and rolling lobe bellows (reversible sleeve). The rolling lobe bellows uses a single rubber bladder, which folds inward & rolls outward, depending on how far and in which path it is moved. Convoluted bellows are estimated to have a substantial share in the market because of its rigidity which provides more control to the vehicles when heavy weights are applied. Based on technology, market is segmented into electrically operated and non-electrically operated. Electronically controlled segment is projected to grow caused by its benefits to handle vibrations and providing a comfortable ride. Based on sales channel, market is segmented into aftermarket and Original Equipment Manufacturer (OEM). In addition, based on application, market is segmented into Heavy Commercial Vehicle (HCV), Light Commercial Vehicle (LCV) and passenger car. HCV includes heavy trucks and coaches & buses.

The air springs market is driven by increase in penetration of air suspension system into passenger cars & commercial vehicles, followed by rise in demand for luxurious buses & performance trucks and increase in adoption of electronically controlled systems. However, growth in presence of local suppliers and high costs of developing air suspensions may impact the market.

Based on geography, Europe holds major share in market, followed by USA in air springs market owing to rise in number of passenger cars and increase in demand for luxury vehicles. India, Japan and China countries are expected to generate significant growth due to high share in vehicle exports and rise in high vehicle (commercial and passenger) production over the forecast period.

To know more, click on the link below:-

World Air Springs Market Research Report

Related Reports:-

Global Air Springs Market Status and Future Forecast 2015-2024

Global Suspension Spring (Only aftermarket) Market Study 2015-2025, by Segment (Coil Spring, Air Spring, Leaf Spring), by Market (Car, Motorcycle, ATV/Snowmobile), by Company (Lesjofors, King Springs, Duer/Carolina)

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