Air Springs Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

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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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Report

Description

Air Springs Market size was valued at USD 6725.67 Million in 2021 and is expected to reach USD 10383.10 Million by 2028, at a CAGR of 6.4% during the forecast period 2022-2028 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 the global air springs market. The replacement of metal springs with air suspension systems such as shock absorbers and air springs provides opportunities for the air springs market. Air springs are a sort of suspension mechanism used in automobiles to provide smooth braking. Automobiles with air suspension have better safety features. As a result of these factors, the use of air springs in passenger automobiles and commercial vehicles is expanding.

Air Springs Market

MARKET SUMMARY
-
6.4% CAGR
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 6.4%
  • Largest Market– Europe
  • Fastest Growing Market– North America

Air Springs Market

  • 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.
  • Key stakeholders of the global market report include suppliers, manufacturers, marketers, policy makers, and service providers engaged in global air springs market
Key Players
  • Continental
  • ThyssenKrupp AG
  • Hitachi
  • Wabco
  • Firestone Industrial Products
  • Hendrickson
  • Mando Corporation
  • BWI Group
  • SAF-Holland
  • Accuair Suspension
Air Springs Market Dynamics

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 Got Significant Share

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.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Key Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2016-2021) and forecast (2022-2028)
  • 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
Air Springs Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The air springs market is projected to expand at a CAGR of 6.4% during the forecast period

 

Continental, ThyssenKrupp AGHitachi, Wabco, Firestone Industrial Products, Hendrickson, Mando Corporation, BWI Group, SAF-Holland, Accuair Suspension


Report

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
  3. 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
  4. 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
  5. 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

Report

Company Profile

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

Description

Air Springs Market size was valued at USD 6725.67 Million in 2021 and is expected to reach USD 10383.10 Million by 2028, at a CAGR of 6.4% during the forecast period 2022-2028 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 the global air springs market. The replacement of metal springs with air suspension systems such as shock absorbers and air springs provides opportunities for the air springs market. Air springs are a sort of suspension mechanism used in automobiles to provide smooth braking. Automobiles with air suspension have better safety features. As a result of these factors, the use of air springs in passenger automobiles and commercial vehicles is expanding.

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