Press release
Air Spring Components Market Growth Analyzed in a New Study
Air Spring Components
Air Springs Components Market to Remain Fairly Consolidated
As a limited number of market player are active in the production of air springs components, Tier I manufacturers in the air springs components market account for a significant revenue share of around 42.2% - 47.3% in the market. Leading player in the air springs components market have adopted cutting-edge technologies to enhance the process competence in manufacturing air springs for commercial vehicles and ensure its quality and performance features.
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Rapidly Increasing Commercial Vehicles Parc Triggers Demand for Air Springs Components Market
Recent improvements in the world economy and developments in the road infrastructure has propelled the production and sales of commercial vehicles across the globe, which is one of the leading driving engines for the air springs components market. According to the International Organization of Motor Vehicle Manufacturers (OICA), the global sales of commercial vehicles reached peak during 2010-2017, as it increased from 19 million to reach around 26 million in 2017.
Competitive Landscape
This section in the Fact.MR study aids readers to fathom critical developments in the air springs components market with the help of insightful information about the leading companies in the market. The report enlists leading stakeholders in the air springs components market and provides useful information about recent developments in the winning strategies of leading competitors in the air springs components market.
Air springs components market players featured in the report are Continental AG, Firestone Industrial Products Company LLC, STEMCO Products Inc., Akta? Holding, Vibracoustic CV Air Springs GmbH, Navistar, Inc., Air Lift Company, Meklas Group, Dunlop Systems and Components Ltd., Hendrickson USA LLC, Meritor, Inc., WABCO Holdings Inc., Gibraltar Airsprings Private Limited, Fabio Air Suspension Systems, and Guangzhou Guomat Air Springs Co., Ltd.
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Definition
Air springs components are devices that are used in the suspension systems of light duty and heavy duty vehicles, such as coaches, buses, trailers, and heavy trucks. Air springs components are an integral part in commercial vehicles as they ensure smoother rides, protect cargo, and reduce maintenance cost in commercial vehicles.
About the Report
The Fact.MR report provides readers with the most important insights about potential opportunities, growth prospects, and recent developments in the air springs components market. Reliable and accurate qualitative and quantitative conclusions about the growth of the air springs components market are presented in the report.
Segmentation
In order to provide detailed information about the air springs components market in a seamless way, the Fact.MR report divides the air springs components market into its five broad sub-segments – product types, sales channels, component types, vehicle types, and regions.
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Based on product types, the air springs components market is segmented into three main types – convoluted bellows, rolling lobe bellows, and sleeve bellows. Depending on the sales channel, the air springs components market is segmented into two main types – Original Equipment Manufacturer (OEM) and Aftermarket. According to the component types, the air springs components market is segmented into bead plate, piston, and sleeve bellows. Based on the component type, commercial vehicle air springs pistons are further segmented into plastic pistons and metal pistons.
The report also answers the market-related questions about for readers, which can help them to establish a strong presence the air springs components market. Some the questions answered in the air springs components market report include,
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How will the Europe air springs components market grow during the period 2018-2026?
How OEMs are the important contributors to the growth of the air springs components market?
Which product type will account for the largest revenue share in the air springs components market and why?
How are leading manufacturers improving durability and performance characteristics of air springs components?
What are the winning strategies adopted by leading stakeholders in the air springs components market?
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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