Air springs are a type of suspension systems used for providing smooth braking systems in automobiles. Due to their extra comfort and shock absorbing properties, the air springs are beneficial over mechanical leaf and coil springs. Moreover, the usage of air suspensions in automobiles enhance the safety features. This increases the adoption rates of air springs in passenger cars and commercial vehicles. The market for air spring is projected to grow significantly during the forecast period due to increasing demands for long-distance luxury buses and luxury cars. However, the high costs of developing air suspensions and the growing presence of local suppliers are expected to threaten the growth of the air spring market.
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The global air spring market has been segmented on the basis of product type, technology, and end-user. The market is further segmented on the basis of product type into convoluted bellows, rolling lobe bellows and sleeve bellows. Further, on the basis of technology, the market is divided into non-electronically operated and electronically-operated. The segment convoluted bellows are anticipated to have a significant share in the market due to its rigidity which offers more control to the automobiles when heavyweights are applied. Moreover, the increasing installation of convoluted bellows allows the automobiles to have a comfortable ride in extreme roads. Whereas by technology, the non-electronically controlled segment is expected to have a considerable share in the market, however, the electronically controlled segment is expected to grow due to its benefits to handle vibrations and providing a comfortable ride.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Air Spring Market Segmentation
By Type
- Convoluted Bellows
- Rolling Lobe Bellows
- Sleeve Bellows
By Technology
- Non-Electronically Operated
- Electronically Operated
By End-User
- Passenger Car
- Light Commercial Vehicle (LCV)
- Heavy Commercial Vehicle (HCV)
- Others
Air Spring Market – Segment by Region
North America
- US
- Canada
Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
The Report Covers:
- Comprehensive research methodology of the air spring market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the global air spring market.
- Insights about market determinants which are stimulating the global air spring market.
- Detailed and extensive market segments with regional distribution of forecast revenues.
- Extensive profiles and recent developments of market players.
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