Global Air Spring Market Outlook 2022

Air springs are load-carrying rubber components constructed of a hollow rubber bellow sealed to metal plates attached at the top and bottom. Through the use of air compression, air springs dampen shock and vibration.
With a macro-economic perspective, healthy economic growth across geographies is expected to create business opportunities over the forecast period. Increasing penetration of air suspension system into passenger cars and commercial vehicles is projected to turnout as a primary factor supplementing demand for air spring. Over the past decade, sales of luxury vehicles has registered an upsurge, both in developing and developed nations, the preference for luxurious vehicles is not just limited to passenger cars, but also there has been significant demand for luxurious buses and performance trucks. Many OEMs equip these categories with novel air suspension system and thus turn out to be consumers of air springs. The global air spring market is projected to witness increasing adoption of electronically controlled systems, this trend is expected to continue throughout the forecast period. However, consumption of non-electronically controlled systems is expected to remain dominant.

Market Analysis and Insights: Global Air Spring Market
The global Air Spring market was valued at US$ million in 2020 and it is expected to reach US$ million by the end of 2027, growing at a CAGR of % during 2021-2027.

Global Air Spring Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

Global Air Spring Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027. by Application segment also provides consumption during the forecast period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Segment by Type
Convoluted Bellows
Rolling Lobe Bellows
Sleeve Bellows

Segment by Application
Passenger Car
Light Commercial Vehicle (LCV)
Heavy Commercial Vehicle (HCV)

By Company
Continental
Firestone Industrial Products Company
Hendrickson USA
Wabco Holdings
AccuAir Suspension
Dunlop Systems and components
Mando Corp
BWI Group
Tata AutoComp Systems
VB-Airsuspension
VDL Weweler-Colaert

Production by Region
North America
Europe
China
Japan
South Korea
India

Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E