Air Spring Market - Global Industry Trend Analysis 2012 to 2017 and Forecast 2017 - 2025


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?Despite the fact that the automotive industry has been running after future technologies such as autonomous vehicles, hybrid quadricycles & NEVs, but on actual grounds automotive manufacturers have been found more focused towards developing enhanced modules for the safety of the vehicles and passengers. The continuous investment in research & development in automotive safety has led to enhancement of conventional products and components. Air spring falls under the category of automotive air suspension and is an important component of this system. Air suspension systems have increasingly being preferred in various categories of automotive due to its enhanced performance, better cushioning and relatively high safety features. Air spring enables enhanced vibration isolation, higher durability and reduced driver fatigue. With a commercial aspect, reduced wear and tear and maintenance cost make air spring more preferred. The market for air spring is projected to remain growth opportunistic and is expected to grow at a moderate pace, owing to the expected increase in adoption of air suspension system.

Global Air Spring Market: Dynamics

With a macro-economic perspective, healthy economic growth across geographies is expected to create business opportunities over the forecast period. Increasing penetration of air suspension system into passenger cars and commercial vehicles is projected to turnout as a primary factor supplementing demand for air spring. Over the past decade, sales of luxury vehicles has registered an upsurge, both in developing and developed nations, the preference for luxurious vehicles is not just limited to passenger cars, but also there has been significant demand for luxurious buses and performance trucks. Many OEMs equip these categories with novel air suspension system and thus turn out to be consumers of air springs. The global air spring market is projected to witness increasing adoption of electronically controlled systems, this trend is expected to continue throughout the forecast period. However, consumption of non-electronically controlled systems is expected to remain dominant.

Global Air Spring Market: Segmentation

The global air spring market can be segmented on the basis of product type, technology, sales channel and vehicle type.

On the basis of product type, the global air spring market can be categorized as:

  • Convoluted bellows
  • Rolling lobe bellows
  • Sleeve bellows

On the basis of technology, the global air spring market can be categorized as:

  • Non-electronically operated
  • Electronically operated

On the basis of sales channel, the global air spring market can be categorized as:

  • Original Equipment Manufacturer (OEM)
  • Aftermarket

 On the basis of vehicle type, the global air spring market can be categorized as:

  • Passenger Car
  • Light Commercial Vehicle (LCV)
  • Heavy Commercial Vehicle (HCV)
  • Coaches & Buses
  • Heavy Trucks

Global Air Spring Market: Regional Outlook

By region, Europe is the early adopters of air spring. Europe is expected to dominate the global air spring market in terms of production as well as demand. More number of passenger cars in the Europe region are installed with air suspension system when compared to that in other prominent regions such as North America and Asia Pacific. With significant demand for luxury vehicles, North America air spring market is projected to remain optimistic over the forecast period. The U.S. is expected to create noteworthy demand for air spring in the North America market. North America and Europe are expected to lead in terms of replacement demand as well, over the forecast period. Asia Pacific accounts for high vehicle production across the globe and has relatively high share in vehicle exports. The region is expected to generate significant OEM demand over the forecast period.

Global Air Spring Market: Market Participants

The market for air spring is characterised by presence of well-established and prominent automotive component manufacturers.

Examples of some of the market participants identified across the value chain of the global Air Spring market are:

  • Continental AG
  • ThyssenKrupp AG
  • Firestone Industrial Products Company, LLC
  • Hendrickson USA, L.L.C.
  • Wabco Holdings Inc.
  • ACCUAIR SUSPENSION
  • Dunlop Systems and components
  • Mando Corp.
  • BWI Group.
  • Tata AutoComp Systems Ltd
  • VB-Airsuspension
  • VDL Weweler-Colaert nv

MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.

The report provides the following information:

  • Tailwinds and headwinds molding the market’s trajectory
  • Market segments based on products, technology, and applications
  • Prospects of each segment
  • Overall current and possible future size of the market
  • Growth pace of the market
  • Competitive landscape and key players’ strategies

The main aim of the report is to:

  • Enable key stakeholder’s in the market bet right on it
  • Understand the opportunities and pitfalls awaiting them
  • Assess the overall growth scope in the near term
  • Strategize effectively with respect to production and distribution

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