Air Spring Components Market Business Statistics and Research Methodology TO 2026 | STEMCO Products Inc., Akta? Holding, Vibracoustic CV Air Springs GmbH, Navistar, Inc.

According to a new Fact.MR study, the air spring components market is witnessing 6.4% y-o-y CAGR in 2018 over 2017. The study finds that burgeoning applications of trucks in the transportation industry are boosting installation of air spring components to improve vehicle safety and ride quality on uneven roads and long descents. This is mainly driving the growth of the air spring components market.

Browse Full Report, visit https://www.factmr.com/report/2314/air-spring-components-market

Increasing growth of the transportation industry and trucking activities is one of the most important factors fueling growth of the air spring components market. Other factors triggering adoption of Air spring components include

Increasing production and sales of commercial vehicles across the globe
Awareness about drivers’ safety, comfort, and convenience at long journeys
Recent technological developments in suspension systems used in commercial vehicles
Globalization and urbanization trends initiating developments in road infrastructures
Rapidly-expanding logistics and warehousing industry
With the rising sales of commercial vehicles, the importance of ride quality is making a significant impact on customers’ purchasing decisions. Thereby, modern automakers are focusing more on the use of high-quality Air spring components, which is majorly contributing to growth of the Air spring components market.

Request a Report Sample to Gain Valuable Insights at https://www.factmr.com/connectus/sample?flag=S&rep_id=2314

Traditional Dominance of OEMs as a Leading Sales Channel in the Air Spring Components Market Persists

Original equipment manufacturers (OEMs) are likely to become the leading sales channel in the Air spring components market as a majority of OEMs are gaining control of the complete lifecycle of commercial vehicles, including maintenance services. The Fact.MR study finds that OEMs hold a significant market share of over 75% in the Air spring components market as OEMs account for commercial vehicle air spring sales 3x higher than other sales channels. OEMs are cashing revenue potential in the Air spring components market by beginning to supply as well as manufacture Air spring components.

OEM workshops are achieving higher sales of Air spring components by utilizing lucrative opportunities to improve customer experience, putting the entire aftermarket under pressure. Other sales channels in the aftermarket value chain are being challenged by OEMs to supply high-quality as well as cost-effective Air spring components. Massive lobbying by OEMs in the Air spring components market is creating barriers to entry for new commercial vehicle air spring suppliers, thereby gobbling up a significant share in the Air spring components market.

North America and Europe Account for over 60% Air Spring Components Market Share

Despite the commercial vehicle sales being outnumbered by passenger car sales, lightweight commercial vehicles (LCVs) as well as heavy commercial vehicles (HCVs) are witnessing burgeoning demand in developed countries, which underscores incremental growth of Air spring components market in developed nations. With the ever-growing logistics & transportation industries in Europe and North America, the production and sales of commercial vehicles is likely to surge, triggering high demand for Air spring components in the upcoming years.

For More Detailed Information about Methodology at https://www.factmr.com/connectus/sample?flag=RM&rep_id=2314

According to the American Trucking Association, the 71% percent of freight in the U.S. is moved by trucks, which generated US$ 738.9 billion in total freight revenues by transporting over 10 billion tons of freight in 2016. Increasing use of commercial vehicles in the U.S. logistics & transportation industry is creating high demand for Air spring components to enhance the ride quality of commercial vehicles and cargo safety.

Furthermore, a majority of leading manufacturers of Air spring components are headquartered in Europe, especially in Germany. Leading players in the European Air spring components market continue to introduce innovative and technologically advanced Air spring components to leverage the growing demand for safer, comfortable, and cost-effective commercial vehicles in the region.

The Fact.MR study opines that increasing production of high-quality Air spring components in developed nations will make Air spring components markets in North America and Europe the most lucrative for commercial vehicle air spring manufacturers and distributors in the upcoming years.

Schedule a FREE Consultation Call with Our Analysts/Industry Experts to Find Solution for Your Business at https://www.factmr.com/connectus/sample?flag=AE&rep_id=2314

 

Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E: sales@factmr.com

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates

About Fact.MR

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. We are headquartered in Dubai, and operate from our sales office in Dublin, Ireland. Reach out to us with your goals, and we’ll be an able research partner.

This release was published on openPR.