Air springs are load-carrying rubber components constructed of a hollow rubber bellow sealed to metal plates attached at the top and bottom. Through the use of air compression, air springs dampen shock and vibration.
Globally, the Air Springs industry market is concentrated by Continental, TrelleborgVibracoustic, Bridgestone, etc. as the manufacturing technology of Air Springs is relatively much more mature. Also some enterprises are still well-known for the wonderful performance of their Air Springs and related services. At the same time, some countries such as Germany, Japan and USA are remarkable in the global Air Springs industry because of their market share and technology status of Air Springs.
The Sales of Air Springs is related to downstream industries and global economy. As there will always be some uncertain in the global economy in the following years, the growth rate of Air Springs industry may not keep that fast. But it is surely forecasted that the market of Air Springs is still promising.
Convoluted and sleeve commercial vehicle air springs perform distinct functions and, in general, cannot be substituted for each other. For instance, an air spring used in a trailer suspension is not the same as an air spring used for a truck seat. Accordingly, the types of vehicle air springs are not interchangeable or substitutable for one another, and demand for each is separate.
According to this study, over the next five years the Air Springs market will register a 3.4% CAGR in terms of revenue, the global market size will reach USD 2630 million by 2024, from USD 2140 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Air Springs business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Air Springs market by product type, application, key manufacturers and key regions and countries.
This study considers the Air Springs value and volume generated from the sales of the following segments-
Segmentation by product type- breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Convoluted
Sleeves
Others
Segmentation by application- breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Vehicles
Railway
Industrial Applications
Others
This report also splits the market by region- Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report- Breakdown data in in Chapter 3.
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
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Air Springs consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Air Springs market by identifying its various subsegments.
Focuses on the key global Air Springs manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Air Springs with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Air Springs submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
