Air Springs Market is Forecasted to Reach US$ 3.7 billion in 2026, Says Stratview Research

The global air springs market is projected to witness a growth rate of 5.9% annually from 2021 to 2026, with an anticipated size of US$ 3.7 billion by 2026, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global air springs market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

Click here to get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/1817/air-springs-market.html#form

Report Highlights:
Market Size in 2026: US$ 3.7 billion
Growth (CAGR): 5.9% during 2021-2026
Forecast Period: 2021-2026
Trend Period: 2015-2019
Base Year: 2020
Number of Segments Covered: 4
Number of Tables & Graphs: 100+

Segment Insights on the Air Springs Market:
The global air springs market is segmented based on platform type, air spring type, end-user type, and region.

Based on platform type - The market is segmented as light vehicles, M&HCVs, trains, and others based on the platform type. Despite taking a deep nosedive in 2020, M&HCV is expected to remain the most dominant segment, whereas light vehicle is estimated to be the fastest-growing segment during the forecast period.
Increasing demand for air springs for M&HCV is mainly propelled by certain road and safety regulations imposed by various governments, mandating the usage of air spring systems in commercial vehicles. The usage of air springs to enhance passengers' comfort in buses and passenger cars further boosts the penetration of air springs in the vehicle category.

Based on the air spring type - The market is segmented as rolling lobe, convoluted air springs, and others. Rolling lobe air spring is expected to remain the largest segment of the market during the forecast period, due to their higher usage in the major applications as compared to the rest of the air spring types.
Sleeve air springs account for the lion's share of the others category and are also the fastest-growing air spring type, propelled by their higher preference in light vehicles to maximize passenger comfort.

To know the most attractive segments, visit:
https://www.stratviewresearch.com/1817/air-springs-market.html

Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that Europe is expected to remain the largest market for air springs during the forecast period in terms of regions. This growth outlook is majorly attributed to the following-
- Germany, Russia, and France are the growth engines of the region's market with the presence of many industry stakeholders across the countries.
- Most of the air spring suppliers have their presence in the region to address the emergent needs of OEMs.
- Stringent regulations in Europe are the key factor behind the high penetration of air springs in European vehicles.
- In the post-pandemic market developments, Asia-Pacific is likely to recover at the fastest rate, witnessing the highest growth during the same period.
- The highest growth of Asia-Pacific is mainly attributable to the increasing fleet of vehicles and high automobile production rate in countries like China and India.
- Furthermore, the penetration of air springs in countries like China is increasing in the wake of the introduction of regulations mandating the use of air springs in commercial vehicles.

Air Springs Market Drivers:

Some of the key drivers listed in the report are given below.
- Rising demand for enhanced ride comfort, increasing adoption in commercial vehicles, and growth in global transportation infrastructure.
- Technological advancements in suspension systems and stricter emission regulations also fuel market expansion.

Top Companies in the Air Springs Market:
Stratview Research has identified the following companies as the top market players (Based on Dominance).
• AirTech (Akta Holding)
• Continental AG
• Dunlop Systems & Components
• Firestone Industrial Products Company, LLC
• Infinity Engineered Products
• ITT Inc.
• Sumitomo Electric
• TOYO Air Spring
• Vibracoustic SE
• Yitao Qianchao

What Unique Insights Does this Report Offer?

This report provides comprehensive insights into the Air Springs Market, answering critical questions like:

• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com

400 Renaissance Center, Suite 2600,
Detroit, Michigan, MI 48243
United States of America

Website: www.stratviewresearch.com
Mail Us: sales@stratviewresearch.com
Press: media@stratviewresearch.com

Call Us: +13133074176

Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.

This release was published on openPR.