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Air Springs for Railways, Trucks and Buses Market Value Projected to Expand by 2027

09-19-2018 08:22 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Fact.MR

/ PR Agency: Fact.MR
Air Springs for Railways, Trucks and Buses Market Value

Air spring is a fabric and a rubber container that resembles two or three tires loaded lying on top of each other. It carries load in the air suspension system used in automobiles or machines. The system of air springs and air suspensions helps the vehicles to stay at a certain height irrespective of the load it is carrying. Bigger vehicles like buses consist of multiple air springs. These springs are made to stay flexible for a specific amount of load, but get stiffer if this amount of load increases after a specific limit. There are other advantages of air springs including its power to control the spring rate. The air suspension system is an old technique, which was first adopted in 1950 in few luxury cars. However, with the evolution of technology, the automobile industry came up with many new techniques and components that are used in the new vehicles. These new systems for leveling include rear shock absorbers that are air-adjustable, and also an air spring system that does not have an air compressor. The system of air suspension has become mandatory for railways as well. The air springs in coaches provides a much more comfortable and smooth journey for travelers as air springs change the distance between air support and coach body with the changing load on it.

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The global air springs market is largely influenced by growing concerns towards safety of travelers. Manufacturers need to focus more on providing safe and comfortable travel experience to the passengers. This increased the rate of implementing air suspension in the automotive market. Furthermore, the increase in number of heavy commercial vehicles is having a positive impact on the demand of air springs for trucks. The increasing adoption of air springs in trucks is in turn fuelling the growth of the global air springs market. As preference of individuals towards the use of public transport increases, the demand for railway and buses experiences a significant increase, in indirectly fueling the market for air springs at a global level.

However air springs market’s growth may witness challenges such as growing adoption of hydraulic suspension. Hydraulic suspension uses four dampers with hydraulic fluid. This type of suspension provides the drivers a firmer ride. It is considered to be a long lasting and less maintenance option, which makes it an ideal replacement of air suspensions and air springs.

The regional divisions for air springs for railways, trucks and buses market, includes Asia Pacific as the dominating segment. With a high rate of automotive production, Asia Pacific is expected to lead the market in terms of market size. However, Europe is also considered to be an attractive region for the automotive industry. These attractive regions are considered to witness highest market growth with a higher demand for public transports and HCVs. On a broader basis, America, Europe and Japan is expected to hold over 30% of the total market share.

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Some of the companies that are considered to be the major players in the air springs market are Goodyear, Arnott, Ksport, Firestone, Helix, Air Lift, Torque, Suncore, Viair, RideTech, Hellwig, Legend and Ride-Rite.

About FactMR
FactMR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

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