Air Springs Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2015-2020 and Forecast 2021-2027

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Air Springs Market Vehicle Type (Light Commercial Vehicles (LCV), Trucks, Bus) By Component (Air Spring, Tank, Solenoid Valve, Shock Absorber, Air Compressor, Electronic Control Unit (ECU), Height & Pressure Sensor, Others) Technology Type (Electronic Controlled, Non-Electronic Controlled) Sales Channel (Original Equipment Manufacturers (OEMs), Aftermarket) and Geography

 

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Description

Global Air Springs Market

The global air springs market is expected to be valued at US$ 5,940.9 Mn in 2019 and expected to grow at a CAGR of 6.4% over the forecast period by 2026. Increased use in commercial and luxury cars of air compressors, suspension systems, and other advanced components, increasing research and development activities are few key drivers boosting the global market. Strong adoption costs for low-range vehicle air suspension systems act as restrain which hung the growth of global air springs market. The replacement of metal springs with air suspension systems such as shock absorbers and air springs provides opportunities towards air springs market

 

Increase in Global Commercial Vehicles

It is noticed that the global air springs market has a significant market growth rate on the perspective of increase in global commercial vehicles.  In 2018, around 12.4 million commercial vehicles were produced in North America. Although commercial vehicle production fell globally between 2018 and 2019, North American production remained largely the same, increasing 0.2 percent year-on-year. On increasing population and per income are the other factors which help in the significant growth of global air springs market in turn help in development of global air springs market.

 

Europe Dominates the Market Share in the Global Air Springs Market

Europe contributed major revenue followed by North America and Asia Pacific. In 2019, Europe region accounted huge growth rate and is anticipated to grow with a forecast year due to increased commercial vehicle demand and strict regulations for the implementation of advanced components and systems. North America, demand for luxury and premium vehicles and growing the adoption of air active suspension to push the economy in commercial light duty vehicles. Asia Pacific led the global air springs market

 

Competition Assessment

Key player’s profiles in the global air springs market include:

  • Continental
  • ThyssenKrupp AG
  • Hitachi
  • Wabco
  • Firestone Industrial Products
  • Hendrickson
  • Mando Corporation
  • BWI Group
  • SAF-Holland
  • Accuair Suspension

 

Key Developments:

  • Market players have witnessed the strategic collaboration and acquisition to expand product portfolio and strengthen their position in the market to enhance the revenue of the company.
  • In June 2019, Wabco Holdings Inc had planned to merge with ZF Friedrichshafen which is a global supplier of passenger cars, commercial vehicles and industrial technology. Under this agreement ZF Company had planned to acquire Wabco for $7 billion with $136.50 per share.
  • In October 2019, Hendrickson had acquired Liteflex Composite Springs which is the global manufacturer of advanced composite suspension springs. Acquisition of companies is poised to increase the Air Suspension market share

 

Global Market Report Description:

Global air springs market report gives comprehensive outlook on air springs market across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The report on air springs market gives historical, current, and future market sizes on the basis of vehicle type, component, technology, sales channel and region. This report studies global air springs market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global air springs market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global air springs market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the global market report include suppliers, manufacturers, marketers, policy makers, and service providers engaged in global air springs market

 

Key Findings of the Report:

  • Global air springs market expanding at significant CAGR over 2020 to 2026 owing due to increase in global commercial vehicles
  • Based on region, Europe accounted for larger market revenue share in 2019 and projected gain market revenue share over the forecast period
  • Players focusing on innovation of newer products and collaboration strategies to retain market position in global market.

 

Key Features of the Report:

  • The report provides granular level information about the market size, regional market share, historic market (2015-2019) and forecast (2020-2026)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

 

Detailed Segmentation

 Vehicle Type

  • Light Commercial Vehicles (LCV)
  • Trucks
  • Bus

By Component

  • Air Spring
  • Tank
  • Solenoid Valve
  • Shock Absorber
  • Air Compressor
  • Electronic Control Unit (ECU)
  • Height & Pressure Sensor
  • Others

Technology Type

  • Electronic Controlled
  • Non-Electronic Controlled

Sales Channel

  • Original Equipment Manufacturers (OEMs)
  • Aftermarket

 

By Geography

 North America

  • USA
  • Canada

Europe

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

Asia-Pacific

  • Japan
  • China
  • India
  • Australia & New Zealand
  • ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
  • South Korea
  • Rest of Asia-Pacific

Latin America

  • Brazil
  • Mexico
  • Argentina
  • Venezuela
  • Rest of Latin America

Middle East and Africa (MEA)

  • Gulf Cooperation Council (GCC) Countries
  • Israel
  • South Africa
  • Rest of MEA


Location

GEOGRAPHY

PBI Location Map

Competition Assessment

Key player’s profiles in the global air springs market include:

  • Continental
  • ThyssenKrupp AG
  • Hitachi
  • Wabco
  • Firestone Industrial Products
  • Hendrickson
  • Mando Corporation
  • BWI Group
  • SAF-Holland
  • Accuair Suspension

Table of Content

  1. Executive Summary
  2. Global Air Springs Market Introduction
    • Global Air Springs Market – Taxonomy
    • Global Air Springs Market –Definitions
      • Vehicle Type
      • Technology
      • Component
      • Sales Channel
  1. Global Air Springs Market Dynamics
    • Drivers
    • Restraints
    • Opportunities/Unmet Needs of the Market
    • Trends
    • Global Air Springs Market Dynamic Factors – Impact Analysis
    • Global Air Springs Market – Competition Landscape
  2. Global Air Springs Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026
    • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Market Opportunity Analysis
  3. Global Air Springs Market, By Vehicle Type, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Light Commercial Vehicles (LCV)
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Trucks
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Bus
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Air Springs Market Forecast, By Technology, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Electronic Controlled
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Non-Electronic Controlled
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Air Springs Market Forecast, By Component, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Air Spring
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Tank
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Solenoid Valve
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Shock Absorber
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Air Compressor
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Electronic Control Unit (ECU)
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Height & Pressure Sensor
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Air Springs Market Forecast, By Sales Channel, 2015 – 2019 and Forecast, 2020 – 2026
    • Original Equipment Manufacturers (OEMs)
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Aftermarket
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Air Springs Market Forecast, By Region, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • North America
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Europe
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Asia-Pacific
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Latin America
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Middle East and Africa
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Global Air Springs Market – Opportunity Analysis Index, By Vehicle Type, Technology, Component, Sales Channel and Region, 2020 – 2026
  2. North America Air Springs Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Vehicle Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Light Commercial Vehicles (LCV)
      • Trucks
      • Bus
    • Technology Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Electronic Controlled
      • Non-Electronic Controlled
    • Component Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Air Spring
      • Tank
      • Solenoid Valve
      • Shock Absorber
      • Air Compressor
      • Electronic Control Unit (ECU)
      • Height & Pressure Sensor
      • Others
    • Sales Channel Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Original Equipment Manufacturers (OEMs)
      • Aftermarket
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • USA
      • Canada
    • North America Air Springs Market – Opportunity Analysis Index, By Vehicle Type, Technology, Component, Sales Channel and Country, 2020 – 2026
    • North America Air Springs Market Dynamics – Trends
  3. Europe Air Springs Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Vehicle Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Light Commercial Vehicles (LCV)
      • Trucks
      • Bus
    • Technology Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Electronic Controlled
      • Non-Electronic Controlled
    • Component Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Air Spring
      • Tank
      • Solenoid Valve
      • Shock Absorber
      • Air Compressor
      • Electronic Control Unit (ECU)
      • Height & Pressure Sensor
      • Others
    • Sales Channel Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Original Equipment Manufacturers (OEMs)
      • Aftermarket
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Germany
      • UK
      • France
      • Spain
      • Italy
      • Russia
      • Poland
      • Rest of Europe
    • Europe Air Springs Market – Opportunity Analysis Index, By Vehicle Type, Technology, Component, Sales Channel and Country, 2020 – 2026
    • Europe Air Springs Market Dynamics – Trends
  4. Asia-Pacific Air Springs Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Vehicle Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Light Commercial Vehicles (LCV)
      • Trucks
      • Bus
    • Technology Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Electronic Controlled
      • Non-Electronic Controlled
    • Component Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Air Spring
      • Tank
      • Solenoid Valve
      • Shock Absorber
      • Air Compressor
      • Electronic Control Unit (ECU)
      • Height & Pressure Sensor
      • Others
    • Sales Channel Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Original Equipment Manufacturers (OEMs)
      • Aftermarket
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Japan
      • China
      • India
      • ASEAN
      • Australia & New Zealand
      • Rest of Asia-Pacific
    • Asia-Pacific Air Springs Market – Opportunity Analysis Index, By Vehicle Type, Technology, Component, Sales Channel and Country, 2020 – 2026
    • Asia-Pacific Air Springs Market Dynamics – Trends
  5. Latin America Air Springs Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Vehicle Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Light Commercial Vehicles (LCV)
      • Trucks
      • Bus
    • Technology Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Electronic Controlled
      • Non-Electronic Controlled
    • Component Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Air Spring
      • Tank
      • Solenoid Valve
      • Shock Absorber
      • Air Compressor
      • Electronic Control Unit (ECU)
      • Height & Pressure Sensor
      • Others
    • Sales Channel Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Original Equipment Manufacturers (OEMs)
      • Aftermarket
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Brazil
      • Mexico
      • Argentina
      • Rest of Latin America
    • Latin America Air Springs Market – Opportunity Analysis Index, By Vehicle Type, Technology, Component, Sales Channel and Country, 2020 – 2026
    • Latin America Air Springs Market Dynamics – Trends
  6. Middle East and Africa Air Springs Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Vehicle Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Light Commercial Vehicles (LCV)
      • Trucks
      • Bus
    • Technology Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Electronic Controlled
      • Non-Electronic Controlled
    • Component Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Air Spring
      • Tank
      • Solenoid Valve
      • Shock Absorber
      • Air Compressor
      • Electronic Control Unit (ECU)
      • Height & Pressure Sensor
      • Others
    • Sales Channel Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Original Equipment Manufacturers (OEMs)
      • Aftermarket
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Gulf Cooperation Council (GCC) Countries
      • Israel
      • South Africa
      • Rest of MEA
    • MEA Air Springs Market – Opportunity Analysis Index, By Vehicle Type, Technology, Component, Sales Channel and Country, 2020 – 2026
    • MEA Air Springs Market Dynamics – Trends
  7. Competition Landscape
    • Strategic Dashboard of Top Market Players
    • Company Profiles (Introduction, Financial Analysis, Vehicle Type & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
      • Continental
      • ThyssenKrupp AG
      • Hitachi
      • Wabco
      • Firestone Industrial Products
      • Hendrickson
      • Mando Corporation
      • BWI Group
      • SAF-Holland
      • Accuair Suspension
  1. Research Methodology
  2. Key Assumptions and Acronyms

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