"Market Intelligence for High-Geared Performance"

Automotive Air Spring Market Size, Share & Industry Analysis, By Component (Convoluted bellows, Rolling lobe bellows, Sleeve bellows ), By Application (Passenger Cars., Commercial Vehicles.) And Regional Forecast, 2024-2032

Region :Global | Report ID: FBI105873 | Status : Ongoing

 

KEY MARKET INSIGHTS

Air spring is a load-carrying component of an air suspension that is implemented on automobiles, machines and buses. An air spring bellows is a column of air confined within a fabric and rubber container that looks like a pair of car tires.  One of the major benefits of air springs is the increased comfort behind the wheels, the luxury vehicles implementing these air springs to improve the comfort and also to reduce the noise and vibrations. These springs are majorly implemented in Commercial vehicles such as buses and trucks.


The increased demand for luxury and shock absorbing commercial vehicles and increased adoption of automotive air springs by major OEMs are expected to drive the growth of the market. Also, the advantages such as reduction of noise and vibrations, versatility on the road and better fuel economy are anticipated to boost the market growth. However, the increased cost of the air spring system and higher maintenance costs are some of the major factors hampering the growth of the market. Also, the extensive use of suspension may cause malfunction and moisture damage from the inside, the leaks in mechanical leaks in air springs are expected to hinder the market growth.

Up Arrow

Key Market Driver -

the increased demand of luxury and shock absorbing commercial vehicles and increased adoption of automotive air springs by major OEMs are expected to drive the growth of the market.

Down Arrow

Key Market Restraint -

the increased cost of air spring system and higher maintenance cost are some of the major factors hampering the growth of the market.


Market Segmentation:


The global automotive air spring market is segmented by component, by application and by geography. Based on component the market is further sub-segmented into convoluted bellows, rolling lobe bellows, and sleeve bellows. Among these, the rolling lobe bellows segment is expected to account for the largest market share in the year 2020 and it is expected to continue its dominance over the forecast period. The factors such as increased demand for rolling lobe bellows in trucks/buses because it reduces the tendency of short wheelbase trucks to experience a bounce in the terrains when the trucks/buses are empty. It also improves the riding height when the vehicles are loaded.

Based on application the market is segmented into passenger cars and commercial cars. The commercial cars segment accounted for the largest market share and it is expected to dominate the market during the forecast period with a steady CAGR. Factors such as increasing awareness of air suspensions benefits and shift of consumers towards luxury and comfortable and increased adoption of air suspension in light-duty vehicles are expected to drive the market growth.

Key Players:


Major players operating in the global automotive air spring market include Mando Corporation, Thyssenkrupp, Wabco Holdings, Continental, Trelleborg Vibracoustic, Bridgestone,  Dunlop Systems and Components, Hitachi, Hendrickson International, Firestone Industrial Products, SAF-Holland and  BWI Group among others

Key Insights



  • New Advancements in the automotive air spring market.

  • Number of Products, Key Countries, 2020

  • New Product Launches, Key Players


Regional Analysis:


Geographically, the automotive air spring market is segmented into Asia Pacific, Europe, North America, and the Rest of the World. Europe held the largest share of the market in 2020 and it is expected to dominate the market during the forecast period with the highest CAGR. Factors such as the increased adoption rate of air suspensions in all vehicle types, increased demand for comfortable and shock absorbing commercial vehicles and the presence of major market players in the region are expected to drive the growth of the market.

North America is expected to be the second-largest region for the market and it is expected to grow steadily over the forecast period. Factors such as the introduction of air suspensions in heavy-duty vehicles and also the increased sales of luxury vehicles in the region are expected to drive market growth.

The Asia Pacific is expected to account for a considerable share in the market and it is expected to grow at the fastest rate over the forecast period the factors such as increased demand of luxury buses and cars for long-distance transportation services and increased shock absorption on the rough terrains are expected to boost the growth of the market.

To gain extensive insights into the market, Request for Customization


Segmentation






















 ATTRIBUTES 

 DETAILS     

By Component



  • Convoluted bellows

  • Rolling lobe bellows

  • Sleeve bellows



By Application



  • Passenger Cars.

  • Commercial Vehicles.



By Geography



  • North America (USA, Canada, and Mexico)

  • Europe (Germany, France, U.K., and Rest of Europe)

  • Asia Pacific (Japan, China, India, South Korea, and Rest of Asia Pacific)

  • Rest of the World






  • Ongoing
  • 2023
  • 2019-2022
  • Pre Book
Multi-report Purchase Plan
    A Customized Plan Will be Created Based on the number of reports you wish to purchase
Automotive & Transportation Clients
Hyundai
GM
Asahi
KIA
Bosch
Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X