Press release
Automotive Bellows International Industry Growth Rate And Key Opportunities
Automotive Bellows Market: IntroductionIn present times, bellows are considered to be essential part of an automobile, particularly employed in the steering and suspension system. The job of the bellows is to resist the compression by the force and provide an excellent cushioning effect.
There are several types of bellows. Among them, folding bellows are preferred for automotive and buses, whereas, corrugated type bellows are preferred in monorails and light rail vehicles.
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Automotive bellows finds its vital application in protecting, covering, and enhancing the service life of various machine parts, such as lead screws, spindles, shafts, guide ways, pistons, cylinders, and more from dust and other foreign particles. The increasing traction towards air springs, owing to the impressive benefits over coil springs is leading to the increasing demand for air springs.
Bellows are the key parts of an air spring. Hence, the increasing demand for air springs will significantly contribute to the automotive bellows market. Owing to several benefits, the demand for automotive bellows is estimated to witness a significant rise in the coming years. This, in turn, is expected to contribute towards the global automotive bellows market.
Automotive Bellows Market: Segment
The global automotive bellows market has been segmented by material, vehicle type, sales channel, and product type.
On the basis of material, the global automotive bellows market can be segmented as:
Silicone
EPDM
Nitrile
Neoprene
Others
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On the basis of vehicle type, the global automotive bellows market has been segmented as:
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
On the basis of product type, the global automotive bellows market has been segmented as:
Cross-ply Bellows
Axial Bellows
Cross Axial Bellows
On the basis of sales channel, the global automotive bellows market has been segmented as:
Original Equipment Manufacturers (OEMs)
Aftermarket
Automotive Bellows Market: Dynamics
Increasing automotive production and vehicle parc is one of the major factors driving the growth of the automotive bellows market. Explosive automotive growth, particularly in some regions, has considerably contributed to the spurring growth of various local and international bellows companies.
The increasing demand for good weather-resistant, heat-resistant, oil- and grease-resistant, and dust-resistant bellows in the automotive industry is expected to contribute to the global automotive bellows market in the coming years.
The necessity of automotive bellows is increasing with good pace. However, there are a large number of manufacturers in the market, due to which, the intensity of competition is considerably high. Increasing competition in the automotive sector with the entry of new players in the market is expected to lower the overall margin for the players. In order to maintain a good position in the market, manufacturers need to come up with innovative, efficient, and cost-effective products.
Automotive Bellows Market: Regional Outlook
The changing focus of the automotive industry to technological trends, including the electrification of mechanical components and autonomous driving is estimated to propel the demand for advanced automotive components in the market across the globe. This, in turn, is estimated to fuel the demand for automotive bellows during the forecast period.
The rapidly growing automotive industry, particularly in the emerging countries (China, India, ASEAN) of the Asia Pacific region is expected to propel the demand for automotive bellows during the forecast period. The increasing demand for light commercial vehicles and passenger cars in North America and Europe, respectively, is expected to project significant growth opportunities for automotive bellows manufacturers in the near future.
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The increasing demand for transportation vehicles for the construction and oil & gas industries in the regions of Latin America and Middle East and Africa, respectively, is expected to fuel the demand for automotive bellows in the coming years.
Automotive Bellows Market: Key Participants
Examples of some of the market participants identified across the value chain of the global automotive bellows market include:
Jefferson Rubber Works, Inc.
Sigma Polymer Industries
BOA Holding GmbH
Witzenmann GmbH
Vibracoustic
Hyspan Precision Products, Inc.
Precise Industries
Trinity Auto Engineering Pvt Ltd
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It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
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