Press release
Air Springs Market is expected to reach USD 10.09 Billion by 2030 : Cognitive Market Research
Air Springs Market is expected to reach USD 10.09 Billion by 2030 : Cognitive Market Research
- An air spring is a type of suspension system used in vehicles that use compressed air to support the weight of the vehicle. Air springs are used in heavy-duty vehicles such as trucks, buses, and RVs, as well as in some luxury cars and SUVs. An air spring consists of a flexible rubber bladder or bag that is filled with compressed air. Air springs provide several advantages over traditional coil springs or leaf springs, including better ride quality, improved handling, and greater adjustability.
Summary:
• Global Air Springs Market Size Was Valued at USD 6.68 Billion In 2022 And Is Expected to Grow at a CAGR Of 5.30 % During the Forecast Period, Reaching USD 10.09 Billion By 2030.
• North America is accounted for the largest share of the air springs market.
"To know more The Air Springs Market statistics click here: https://www.cognitivemarketresearch.com/air-springs-market-report
Market Dynamics:
- Rising demand for suspension systems in commercial vehicles along with advancements in smart air spring technology is the main driving factor contributing to the growth of the global air springs market during the forecast period. The air springs are adopted in commercial vehicles, but recently they are used in higher classes of passenger vehicles. In addition, higher growth in the construction and mining industry is another factor that propels the demand for the air springs market. Air springs are used in the suspension systems of construction and mining equipment which are expected to see growth in the coming years due to increasing infrastructure development. However, highly expensive traditional spring suspension systems may obstruct the growth of the global air springs market in near future. Further, advancements in suspension technologies are expected to create lucrative opportunities for the air springs market during the forecast period.
Air Springs market segmentation analysis:
Type
• Capsule air spring
• Membrane air spring
• Compound air spring
The capsule air spring segment acquired the major revenue share in 2022.
The capsule air spring segment acquired the major revenue share during the forecast period. This is because capsule air springs are increasingly used in a variety of applications, including vehicles, machinery, and equipment. They are used in the suspension systems of commercial vehicles and provide a smoother ride. They can also be used in industrial equipment to support heavy loads and reduce shock and vibration.
Application
• Passenger car
• Commercial vehicle
Commercial vehicles held a significant market share in 2022.
Commercial vehicles held a significant market share, as air springs are increasingly adopted in luxury and premium vehicles to provide a smoother and more comfortable ride. As the adoption of such vehicles grows, the demand for air springs is expected to increase as well.
Sales Channel
• Original equipment manufacturer (OEM)
• Aftermarket
The Major Players in Air Springs Market are:
Continental, Vibracoustic, Bridgestone, Aktas, Toyo Tire Rubber, Sumitomo Electric, Senho, Yitao Qianchao, ITT Enidine, Zhuzhou Times, Mei Chen Technology, Stemco, GaoMate, Dunlop, GMT Rubber Metal Technic, Air Lift Company
Get free sample pages of latest published Air Springs Report: https://www.cognitivemarketresearch.com/air-springs-market-report/report_enquiry/4
Regional Analysis:
- North America is expected to dominate the air springs market during the forecast period.
As per CMR analysis, North America is expected to dominate the air springs market during the forecast period. The growth of market is significantly growing in the region due to increasing demand for transportation of goods and rise in sales of vehicles and rising disposable incomes. Another factor driving growth in the North American air springs market is the increasing demand for premium vehicles, which also use air springs for improved ride comfort and handling. With a strong economy and rising disposable incomes, the demand for these vehicles is expected to increase in the region.
Browse here for Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Air Springs Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Air Springs Market Segmentation
1.5.1 Air Springs Market Regional Fragmentation
1.5.1 Air Springs Market Players
• 1.6 Report Duration
• 1.7 List of Stakeholders
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Air Springs Market
Chapter 4 Global Air Springs Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Air Springs Market by Type Segmentation Analysis (2018-2030)
Chapter 10 Global Air Springs Market by Application Segmentation Analysis (2018-2030)
Chapter 11 Global Air Springs Market by Distribution Channel Segmentation Analysis (2018-2030)
Chapter 12 Global Air Springs Market Regional Analysis
Chapter 13 North America Air Springs Market Outlook (2018 - 2030)
Chapter 14 Europe Air Springs Market Outlook (2018 - 2030)
Chapter 15 Asia Pacific Air Springs Market Outlook (2018 - 2030)
Chapter 16 Latin America Air Springs Market Outlook (2018 - 2030)
Chapter 17 Middle East and Africa Air Springs Market Outlook (2018 - 2030)
Chapter 18 Research Findings
Customized/Exclusive Report Access on Request
To know more about Air Springs Market TOC click here: https://www.cognitivemarketresearch.com/air-springs-market-report#table_of_contents
Related report
• Automotive suspension system market - https://www.cognitivemarketresearch.com/automotive-suspension-system-market-report
• Luxury car market - https://www.cognitivemarketresearch.com/luxury-car-market-report
• Commercial vehicles market - https://www.cognitivemarketresearch.com/commercial-vehicles-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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Illinois, 60602
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Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operating across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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