Air Spring Market: Industry Growth, Size, Share and Forecast 2019-2025

Air Spring Marketis anticipated to exhibit considerable growth during the forecast period. Air springs are load-bearing rubber parts made of hollow rubber bellow sealed on top and bottom metal plates. Air spring allows for improved vibration isolation, increased longevity, and decreased driver fatigue. Due to its enhanced performance, better cushioning and relatively high safety features air suspension systems have increasingly being preferred in various categories of automotive. Increasing penetration of air suspension into passenger cars and commercial vehicles is anticipated to be a major factor supplementing the demand for air spring industry across the globe. Luxury vehicle sales have recorded an increase in developing and developed nations over the past decade.

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The preference for luxury vehicles is not only limited to passenger cars, but the market for luxury buses and performance trucks have also been significant. Most OEMs are deployed these classes with a new air suspension system and thus turning out to be air spring customers. In an attempt to expand its aftermarket, reach and cover a range of commercial vehicle operations, Meritor Inc. had launched a new line of air springs, including double-convoluted, cab-mount, and coil spring prices. The new technology has been evolving since 2011, according to the agency. Neopos had developed a new Formula-developed air suspension technology that offers higher linear compression and returns. 

Browse the full report description of "Air Spring Market by Type (Convoluted bellows, Rolling lobe bellows, and Sleeve Bellows), by Technology (Non-electronically operated and Electronically operated), by End-User (Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle, and Others) - Industry Size, Share, Global Trends, Competitive Analysis and Forecast, 2019-2025" at  https://www.omrglobal.com/industry-reports/air-spring-market

WABCO Holdings Inc., one of the key players in the global air springs industry, continues to expand its position in the passenger electric vehicle segment. The company signed an agreement in 2017 with a leading German car manufacturer, with production scheduled to start at the end of 2018. Stemco, a leading manufacturer of commercial vehicle parts, completed the construction of a 20,000 square meter facility to develop and test product, design and technology advances. Fairlawn Industrial Park in Ohio is building the new plant. For heavy-duty vehicles, including trucks and trailers, Continental Corp. highlighted its Smart Air Springs in late 2017. The company's Smart Air Springs are fitted with a range of features to reduce the overall weight. In lieu of steel or aluminum, these revolutionary air springs are made of polyamide.

Current Market Trends Covered in the Market Report

• High costs of developing air suspensions and the growing presence of local suppliers are expected to threaten the growth of the air spring market.
• Rising R&D activities to create major market opportunities.
• Asia-Pacific to exhibit considerable market growth.

Air Spring Market Segmentation 

By Type

• Convoluted Bellows
• Rolling Lobe Bellows
• Sleeve Bellows

By Technology

• Non-Electronically Operated
• Electronically Operated

By End-User

• Passenger Car
• Light Commercial Vehicle (LCV)
• Heavy Commercial Vehicle (HCV)
• Others

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Air Spring Market – Segment by Region 

North America           

• US
• Canada

Europe

• Germany
• UK
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific    

• China
• India
• Japan
• Rest of Asia-Pacific

Rest of the World

• Middle East & Africa
• Latin America

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Source: Air Spring Market