Press release
Air Springs Components Market: Heavy Investments in R&D to Develop Advanced Air Suspension Technologies Influence Growth || Key Players: Dunlop Systems and Components Ltd., Hendrickson USA LLC, Meritor, Inc., WABCO Holdings Inc., Gibraltar Airsprings Priv
Air spring components sales have remained robust in OEMs that have been gaining control over the entire lifecycle of vehicles, including the maintenance services. Automotive OEMs continue to tap lucrative opportunities for improving the customer experience and expanding their geographical footprint in the air spring components market. Intense lobbying by the OEMs apropos of the air spring components, has been creating entry barriers to new players and suppliers.
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In response to the essentiality of robust and high performance air springs in commercial vehicles, key players in the air spring components market have been making significant investment in R&D activities, for improving efficiency and safety of these critical components. Behemoths are directing their focus toward unique technology developments to enhance the operational functionalities, and gain a competitive edge in the air spring components market.
The air spring components market players have also been working on balancing the performance characteristics of the air spring components and coil springs, for complementing the adoption of technologically advances components in the modern commercial vehicles, which in turn has emerged as a key trend in the air spring components market.
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Air Spring Components Market: Overview
This study on the air spring components market highlights current as well as future trends that would shape the market growth, along with the assessment of key dynamics influencing expansion of the air spring components market. An executive summary of the air spring components market has been offered wherein important market numbers and leading market segments have been highlighted. The report then proceeds with the introduction to the air spring components market along with an accurate definition of the targeted research area.
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.
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.
Air Spring Components Market: Competitive Landscape
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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