Air Spring Component Market
Air Spring Component Market Analysis by Convoluted Bellows, Rolling Lobe Bellows, and Sleeve Bellows for Light Commercial Vehicles and Heavy Commercial Vehicles from 2023 to 2033
Analysis of Air Spring Component Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Air Spring Components Market Overview (2023 to 2033)
The global air spring components market size was valued at US$ 1.1 Billion in 2023, and is estimated to reach US$ 2.06 Billion by 2033, with a projected compound annual growth rate (CAGR) of 6.5% during the forecast period from 2023 to 2033.
Air spring components, often referred to simply as 'air springs', are mechanical devices used in various applications, particularly in the automotive and industrial sectors. They are designed to provide cushioning, support, and adjustability to suspension systems and other load-bearing structures. Air spring components typically consist of an airtight, flexible, and reinforced rubber or synthetic elastomer bladder, which is filled with compressed air to support and dampen loads.
- In the automotive industry, air springs are widely used in place of traditional coil or leaf springs to provide a smoother ride and adjustable ride height. They can be found in commercial trucks, buses, RVs, and high-end passenger vehicles.
- Air springs are employed in various industrial applications such as vibrating conveyors, heavy machinery, and manufacturing equipment to isolate vibrations, reduce shock, and improve stability.
Some of the product types of air spring components are convoluted bellows, rolling lobe bellows, and sleeve bellows. Convoluted bellows, often referred to simply as ‘bellows’, are a type of flexible, accordion-like structure made from materials such as rubber or metal. They are designed to expand and contract in response to changes in pressure or temperature. The primary purpose of convoluted bellows is to accommodate movement, vibration, or thermal expansion in various mechanical and industrial systems
Several end-use industries are witnessing the growing need for versatile components such as convoluted bellows that can adapt to various applications and challenges. The increasing complexity of machinery and systems necessitates components that can address dynamic conditions, such as temperature variations and vibration.
Convoluted bellows can help improve energy efficiency and reduce emissions in applications such as automotive exhaust systems, aligning with the growing emphasis on environmental sustainability. Also, end-use industries increasingly value components that enhance the reliability and longevity of their equipment, reducing maintenance costs and downtime.
| Report Attributes | Details |
|---|---|
| Air Spring Components Market Size (2023E) | US$ 1.1 Billion |
| Forecasted Market Value (2033F) | US$ 2.06 Billion |
| Global Market Growth Rate (2023 to 2033) | 6.5% CAGR |
| Leading Regional Market | Europe |
| High Growth Regional Market | Asia Pacific |
| Key Companies Profiled |
|
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Why are Air Spring Component Sales Increasing Globally?
“Electronic Control Systems, Remote Monitoring, and Telematics Increasing Efficiency Air Spring Components”
Integration of advanced technologies into air spring components represents a significant leap forward in their performance and functionality. Advanced technologies are revolutionizing the way air spring systems operate, providing numerous benefits in terms of efficiency, safety, and adaptability.
Incorporation of electronic control systems, often referred to as electronic control units (ECUs) or air suspension control modules (ASCMs), enables precise and real-time control of air spring systems. These control units use sophisticated algorithms to monitor various parameters such as vehicle speed, load, road conditions, and driver input.
Integration of electronic control systems and sensors is paving the way for adaptive suspension systems. These systems can automatically switch between multiple preset modes, such as comfort, sport, and off-road, depending on driving conditions and driver preferences.
In some applications, air spring systems are equipped with telematics capabilities, allowing remote monitoring and diagnostics. Fleet operators can track the health and performance of their vehicles, leading to proactive maintenance and cost savings.
Whether in the automotive, industrial, or aerospace sectors, these innovations are enhancing the overall driving experience, safety, and efficiency of vehicles and machinery equipped with air suspension systems. This technological evolution is likely to continue, with ongoing research and development aimed at further optimizing air spring technology.
“Expanding Logistics & Transportation Industry Augur Well for Air Spring Component Manufacturers”
Commercial vehicles are employed extensively in the logistics and transportation industry for on-road cargo transportation, thereby the demand growth for air springs components majorly depends on global transportation activities and the integration of supply chain networks worldwide.
- According to a report by the United Nations (UN), over 55% of the global population lives in urban areas, which is likely to increase to 68% by 2050. The recent growth in the trend of urbanization directly translates into positive developments in the transportation industry.
With increasing growth of the global logistics and transportation industry and rapid urbanization, adoption of commercial vehicles is likely to surge, which is predicted to complement the growth of the air springs components market in the coming 10 years.
“Advanced Materials and Design Techniques to Reduce Weight of Air Spring Components and Increase Efficiency”
The trend toward lightweight air spring components represents a significant step in achieving improved fuel efficiency, reduced emissions, and enhanced overall performance in various industries. Air spring component manufacturers are investing in advanced materials and design techniques to meet these objectives while addressing environmental concerns and regulatory requirements.
Manufacturers are turning to high-strength materials such as advanced composites, lightweight alloys (e.g., aluminum and magnesium), and high-performance plastics to replace traditional heavier materials such as steel. These materials offer excellent strength-to-weight ratios, allowing for significant weight reduction without compromising structural integrity.
Design techniques such as topology optimization use computer algorithms to generate efficient and lightweight structures. This approach minimizes material usage while ensuring components maintain their structural and functional integrity. Air spring components benefit from these design techniques to achieve optimal strength with minimal weight.
How is the Market for Air Spring Components Being Challenged?
“Preference for Durable and Simple Coil Spring Components Over Air Spring Components”
Preference for coil springs over air springs in certain applications presents challenges before air spring component suppliers. Coil springs, traditionally used in many industries, continue to be favored in specific situations, one of the primary reasons for the preference for coil springs is their cost-effectiveness. Coil springs are generally more affordable to manufacture and install compared to air spring systems. For budget-conscious consumers or industries, cost savings play a pivotal role in the decision-making process.
Coil springs are simpler in design and construction compared to air springs, which involve air compressors, valves, and complex control systems. This simplicity often translates into increased reliability and durability. Coil springs are less prone to leaks, punctures, or system failures, making them an attractive choice in rugged or demanding environments, such as heavy industrial machinery and off-road vehicles.
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How Can New Companies Differentiate Them from Established Market Players?
“Introduction of Novel Air Spring Components and Services”
New companies in various industries often face significant challenges when trying to establish themselves and earn more in their respective fields. However new companies can earn more by adopting a combination of strategies that align with their industry, strengths, and goals. By consistently delivering value and building strong relationships, newcomers can establish themselves and grow their earning potential in their chosen fields.
Expanding the range of services or products offered can help start-ups tap into multiple revenue streams. This diversification can reduce risk and increase overall earnings potential.
Some new air spring component manufacturers are directing their efforts toward securing fresh capital to support the development and introduction of innovative products. New companies are also channeling investments to propel their global expansion initiatives, positioning themselves for competition with established players in the market.
Increasing need for lightweight automotive parts, particularly in electric vehicles, is also anticipated to open up fresh prospects for emerging air spring start-ups in the coming years.
Country-wise Analysis
As per the analysis by Fact.MR, a market research and competitive intelligence provider, the automotive landscape, high use of heavy commercial vehicles, consumer preferences, and a culture of innovation are driving the sales of air spring components in Germany, the United States, and Japan.
What Role Do German Luxury Car Manufacturers Play in Air Spring Component Sales?
“Germany’s Automotive Excellence Driving High Usage of Air Spring Components”
Germany is renowned for its automotive industry, including luxury car manufacturers such as Mercedes-Benz, BMW, and Audi. The demand for air spring components in high-end vehicles is surging due to the need for superior ride comfort, load-leveling capabilities, and adjustable ride height. Thus, Germany is a high-earning marketplace for air spring suppliers.
Which Key Trends in the United States Automotive Industry are Increasing Air Spring Component Demand?
“High Sales of SUVs and Trucks Fuelling Need for Air Spring Components”
The United States is witnessing a surge in the popularity of SUVs and trucks, which are increasingly equipped with air suspension systems for improved ride quality, load leveling, and off-road capabilities. This trend is directly boosting the demand for air spring components market.
The United States commercial trucking industry relies heavily on air suspension systems to improve freight transportation efficiency, reduce wear and tear on roads, and enhance driver comfort. This industry's growth is also contributing significantly to the air spring component sales.
How Does Japan's Commitment to Quality and Precision Engineering Influencing Demand for Air Spring Components?
“Lightweight and High-quality Air Spring Components Crucial in Hybrid and Electric Vehicle Manufacturing”
Japan is renowned for its commitment to quality and precision engineering. Japanese automotive manufacturers prioritize air spring components to provide a comfortable and reliable driving experience, particularly in luxury and hybrid vehicles.
Japan is also a leader in hybrid and electric vehicle technology. Air springs are favored in these vehicles for their ability to manage the weight of batteries and provide a smooth and efficient ride, driving the demand for air spring components market.
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Competitive landscape highlights only certain players
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Category-wise Analysis
Growing popularity of air suspension systems in vehicles, combined with the ongoing need for replacements, upgrades, and customization, is boosting the aftermarket for air spring components.
Why is the Aftermarket for Air Spring Components Increasing?
“Widespread Adoption of Air Suspension Systems and Growing Replacement & Maintenance Needs”
Air suspension systems are no longer exclusive to luxury vehicles or high-end models. They are increasingly being incorporated into a broader range of vehicles, including trucks, SUVs, and even some mid-range passenger cars. This widespread adoption means that more vehicles on the road are equipped with air suspension, increasing the potential customer base for aftermarket components.
Air spring components, such as any other automotive parts, have a limited lifespan. Vehicle owners and operators often require replacement parts to maintain the proper functioning of their air suspension systems. This need for regular maintenance and replacements creates a consistent demand for air spring components.
Competitive Landscape
Key air spring component manufacturers are continuously investing in research and development activities to create innovative air spring components with advanced features, improved durability, and enhanced performance. Innovations can justify premium pricing and attract customers seeking cutting-edge solutions.
- In June 2022, Meritor, Inc. introduced the MIS-20E, the first suspension designed specifically for motor coaches, addressing ride quality and heavy load demands.
Key Segments of Air Spring Components Market Research
-
By Product :
- Convoluted Bellows
- Rolling Lobe Bellows
- Sleeve Bellows
-
By Component Type :
- Bead Plates
- Pistons
-
By Vehicle Type :
- Light Commercial Vehicles
- Heavy Commercial Vehicles
-
By Sales Channel :
- OEMs
- Aftermarket
-
By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
Table of Content
1. Executive Summary 1.1. Market Overview 1.2. Market Analysis 1.3. Fact.MR Analysis and Recommendations 1.4. Wheel of Fortune 1.5. What Market Participants are saying? 2. Market Introduction 2.1. Market Taxonomy 2.2. Market Definition 3. Market Background 3.1. Porter’s Analysis 3.2. Macro-Economic Factors 3.3. Forecast Factors – Relevance & Impact 3.4. Market Dynamics 3.4.1. Driver 3.4.2. Restraints 3.4.3. Opportunity 3.4.4. Trends ;3.5. Value Chain Analysis 4. Market Forecast 4.1. NAFTA and the Automotive Industry 4.2. North America Vehicle Production 4.3. Air Suspensions vs. Conventional Spring Suspensions 4.4. Global Pricing Analysis 4.5. Global Market: Historical and Future Market Analysis 4.6. Patent Analysis 5. Global Market Analysis 2018-2022 and Forecast 2023-2033, By Product Type 5.1. Introduction 5.2. Historical Market Size (US$ Mn) and Volume Analysis By Product Type, 2018-2022 5.3. Current Market Size (US$ Mn) and Volume Forecast By Product Type, 2023-2033 5.3.1. Convoluted Bellows 5.3.2. Rolling Lobe Bellows 5.3.3. Sleeve Bellows 5.4. Market Attractiveness Analysis By Product Type 6. Global Market Analysis 2018-2022 and Forecast 2023-2033, By Sales Channel 6.1. Introduction 6.2. Historical Market Size (US$ Mn) and Volume Analysis By Sales Channel, 2018-2022 6.3. Current Market Size (US$ Mn) and Volume Forecast By Sales Channel, 2023-2033 6.3.1. OEM 6.3.2. Aftermarket 6.4. Market Attractiveness Analysis By Sales Channel 7. Global Market Analysis 2018-2022 and Forecast 2023-2033, By Component Type 7.1. Introduction 7.2. Historical Market Size (US$ Mn) and Volume Analysis By Component Type, 2018-2022 7.3. Current Market Size (US$ Mn) and Volume Forecast By Component Type, 2023-2033 7.3.1. Bead Plate 7.3.2. Piston 7.3.2.1. Plastic 7.3.2.2. Metal 7.3.3. Sleeve Bellows 7.4. Market Attractiveness Analysis By Component Type 8. Global Market Analysis 2018-2022 and Forecast 2023-2033, By Vehicle Type 8.1. Introduction 8.2. Historical Market Size (US$ Mn) and Volume Analysis By Vehicle Type, 2018-2022 8.3. Current Market Size (US$ Mn) and Volume Forecast By Vehicle Type, 2023-2033 8.3.1. LCV 8.3.2. HCV 8.3.2.1. Buses & Coaches 8.3.2.2. Trailers & Heavy Trucks 8.4. Market Attractiveness Analysis By Vehicle Type 9. Global Market Analysis 2018-2022 and Forecast 2023-2033, By Region 9.1. Introduction 9.2. Historical Market Size (US$ Mn) and Volume Analysis By Region, 2018-2022 9.3. Current Market Size (US$ Mn) and Volume Forecast By Region, 2023-2033 9.3.1. North America 9.3.2. Europe 9.3.3. Latin America 9.3.4. SEAP 9.3.5. China 9.3.6. MEA 9.4. Market Attractiveness Analysis By Vehicle Type 10. North America Commercial Vehicle 2018-2022 and Forecast 2023-2033 10.1. Introduction 10.2. Historical Market Size (US$ Mn) and Volume Analysis By Market Segments, 2018-2022 10.3. Current Market Size (US$ Mn) and Volume Forecast By Market Segments, 2023-2033 10.3.1. By Country 10.3.1.1. U.S. 10.3.1.2. Canada 10.3.2. By Product Type 10.3.3. By Sales Channel 10.3.4. By Component Type 10.3.5. By Vehicles Type 10.4. Market Attractiveness Analysis By Market Segments 10.5. Drivers and Restraints: Impact Analysis 10.6. Representative Market Participants 11. Latin America Market Analysis 2018-2022 and Forecast 2023-2033 11.1. Introduction 11.2. Historical Market Size (US$ Mn) and Volume Analysis By Market Segments, 2018-2022 11.3. Current Market Size (US$ Mn) and Volume Forecast By Market Segments, 2023-2033 11.3.1. By Country 11.3.1.1. Mexico 11.3.1.2. Brazil 11.3.1.3. Rest of Latin America 11.3.2. By Product Type 11.3.3. By Sales Channel 11.3.4. By Component Type 11.3.5. By Vehicles Type 11.4. Market Attractiveness Analysis By Market Segments 11.5. Drivers and Restraints: Impact Analysis 11.6. Representative Market Participants 12. Europe Market Analysis 2018-2022 and Forecast 2023-2033 12.1. Introduction 12.2. Historical Market Size (US$ Mn) and Volume Analysis By Market Segments, 2018-2022 12.3. Current Market Size (US$ Mn) and Volume Forecast By Market Segments, 2023-2033 12.3.1. By Country 12.3.1.1. Germany 12.3.1.2. France 12.3.1.3. Russia 12.3.1.4. U.K. 12.3.1.5. Spain 12.3.1.6. Italy 12.3.1.7. Rest of Europe 12.3.2. By Product Type 12.3.3. By Sales Channel 12.3.4. By Component Type 12.3.5. By Vehicles Type 12.4. Market Attractiveness Analysis By Market Segments 12.5. Drivers and Restraints: Impact Analysis 12.6. Representative Market Participants 13. SEA & Pacific Market Analysis 2018-2022 and Forecast 2023-2033 13.1. Introduction 13.2. Historical Market Size (US$ Mn) and Volume Analysis By Market Segments, 2018-2022 13.3. Current Market Size (US$ Mn) and Volume Forecast By Market Segments, 2023-2033 13.3.1. By Country 13.3.1.1. Japan 13.3.1.2. India 13.3.1.3. ASEAN 13.3.1.4. Rest of SEAP 13.3.2. By Product Type 13.3.3. By Sales Channel 13.3.4. By Component Type 13.3.5. By Vehicles Type 13.4. Market Attractiveness Analysis By Market Segments 13.5. Drivers and Restraints: Impact Analysis 13.6. Representative Market Participants 14. MEA Market Analysis 2018-2022 and Forecast 2023-2033 14.1. Introduction 14.2. Historical Market Size (US$ Mn) and Volume Analysis By Market Segments, 2018-2022 14.3. Current Market Size (US$ Mn) and Volume Forecast By Market Segments, 2023-2033 14.3.1. By Country 14.3.1.1. Turkey 14.3.1.2. South Africa 14.3.1.3. Rest of MEA 14.3.2. By Product Type 14.3.3. By Sales Channel 14.3.4. By Component Type 14.3.5. By Vehicles Type 14.4. Market Attractiveness Analysis By Market Segments 14.5. Drivers and Restraints: Impact Analysis 14.6. Representative Market Participants 15. China Market Analysis 2018-2022 and Forecast 2023-2033 15.1. Introduction 15.2. Historical Market Size (US$ Mn) and Volume Analysis By Market Segments, 2018-2022 15.3. Current Market Size (US$ Mn) and Volume Forecast By Market Segments, 2023-2033 15.3.1. By Country 15.3.1.1. Turkey 15.3.1.2. South Africa 15.3.1.3. Rest of MEA 15.3.2. By Product Type 15.3.3. By Sales Channel 15.3.4. By Component Type 15.3.5. By Vehicles Type 15.4. Market Attractiveness Analysis By Market Segments 15.5. Drivers and Restraints: Impact Analysis 15.6. Representative Market Participants 16. Global Industry Structure Analysis 16.1. Market Structure 16.2. Market Share Analysis 16.3. Competition Dashboard 17. Competition Landscape 17.1. Company Profiles (Details – Overview, Financials, Strategy, Recent Developments) 17.1.1. Continental AG 17.1.2. Firestone Industrial Products Company, LLC 17.1.3. STEMCO Products Inc. 17.1.4. Akta? Holding 17.1.5. Vibracoustic CV Air Springs GmbH 17.1.6. Navistar, Inc. 17.1.7. Air Lift Company 17.1.8. Meklas Group 17.1.9. Dunlop Systems and Components Ltd. 17.1.10. Hendrickson USA, L.L.C 17.1.11. Meritor, Inc. 17.1.12. WABCO Holdings Inc. 17.1.13. Gibraltar Airsprings Private Limited 17.1.14. Fabio Air Suspension Systems 17.1.15. Guangzhou Guomat Air Spring Co., Ltd. 18. Strategy Analysis and Recommendations 19. Assumptions & Acronyms 20. Research Methodology
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List Of Table
Table 01: Global Market Size (US$ Mn) and Volume ('000 Units) Forecast by Product Type, 2018-2033
Table 02: Global Market Size (US$ Mn) and Volume ('000 Units) Forecast by Sales Channel, 2018-2033
Table 03: Global Market Size (US$ Mn) and Volume ('000 Units) Forecast by Components Type, 2018-2033
Table 04: Global Market Size (US$ Mn) and Volume ('000 Units) Forecast by Vehicle Type, 2018-2033
Table 05: Global Market Size (US$ Mn) and Volume ('000 Units) Forecast by Region, 2018-2033
Table 06: North America Market Size (US$ Mn) and Volume ('000 units) Forecast by Product Type, 2018-2033
Table 07: North America Market Size (US$ Mn) and Volume ('000 units) Forecast by Sales Channel, 2018-2033
Table 08: North America Market Size (US$ Mn) and Volume ('000 units) Forecast by Component Type, 2018-2033
Table 09: North America Market Size (US$ Mn) and Volume ('000 units) Forecast by Vehicle Type, 2018-2033
Table 10: North America Market Size (US$ Mn) and Volume ('000 units) Forecast by Country, 2018-2033
Table 11: Latin America Market Size (US$ Mn) and Volume ('000 Units) Forecast by Product Type, 2018-2033
Table 12: Latin America Market Size (US$ Mn) and Volume ('000 Units) Forecast by Sales Channel, 2018-2033
Table 13: Latin America Market Size (US$ Mn) and Volume ('000 Units) Forecast by Component Type, 2018-2033
Table 14: Latin America Market Size (US$ Mn) and Volume ('000 Units) Forecast by Vehicle Type, 2018-2033
Table 15: Latin America Market Size (US$ Mn) and Volume ('000 Units) Forecast by Country, 2018-2033
Table 16: Europe Market Size (US$ Mn) and Volume ('000 Units) Forecast by Product Type, 2018-2033
Table 17: Europe Market Size (US$ Mn) and Volume ('000 Units) Forecast by Sales Channel, 2018-2033
Table 18: Europe Market Size (US$ Mn) and Volume ('000 Units) Forecast by Component Type, 2018-2033
Table 19: Europe Market Size (US$ Mn) and Volume ('000 Units) Forecast by Vehicle Type, 2018-2033
Table 20: Europe Market Size (US$ Mn) and Volume ('000 Units) Forecast by Country, 2018-2033
Table 21: SEA & Pacific Market Size (US$ Mn) and Volume ('000 Units) Forecast by Product Type, 2018-2033
Table 22: SEA & Pacific Market Size (US$ Mn) and Volume ('000 Units) Forecast by Sales Channel, 2018-2033
Table 23: SEA & Pacific Market Size (US$ Mn) and Volume ('000 Units) Forecast by Component Type, 2018-2033
Table 24: SEA & Pacific Market Size (US$ Mn) and Volume ('000 Units) Forecast by Vehicle Type, 2018-2033
Table 25: SEA & Pacific Market Size (US$ Mn) and Volume ('000 Units) Forecast by Country, 2018-2033
Table 26: MEA Market Size (US$ Mn) and Volume ('000 Units) Forecast by Product Type, 2018-2033
Table 27: MEA Market Size (US$ Mn) and Volume ('000 Units) Forecast by Sales Channel, 2018-2033
Table 28: MEA Commercial Vehicle Air Springs Market Size (US$ Mn) and Volume ('000 Units) Forecast by Component Type, 2018-2033
Table 29: MEA Market Size (US$ Mn) and Volume ('000 Units) Forecast by Vehicle Type, 2018-2033
Table 30: MEA Market Size (US$ Mn) and Volume ('000 Units) Forecast by Country, 2018-2033
Table 31: China Market Size (US$ Mn) and Volume ('000 Units) Forecast by Product Type, 2018-2033
Table 32: China Market Size (US$ Mn) and Volume ('000 Units) Forecast by Sales Channel, 2018-2033
Table 33: China Market Size (US$ Mn) and Volume ('000 Units) Forecast by Component Type, 2018-2033
Table 34: China Market Size (US$ Mn) and Volume ('000 Units) Forecast by Vehicle Type, 2018-2033
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List Of Figures
Figure 01: Global Automotive Production Share, by Region (2022)
Figure 02: Global Automotive Production Volume ('000 Units), 2018-2033
Figure 03: Industry Value-Added – Percentage Growth (2018-2033)
Figure 04: Construction Industry Outlook (Y-o-Y Change)
Figure 05: Mining Industry Outlook (Y-o-Y Change)
Figure 06 (a): North America GDP Growth Y-o-Y (%) and Automotive Production Forecast Comparison, 2023-2033
Figure 06 (b): Latin America GDP Growth Y-o-Y (%) and Automotive Production Forecast Comparison, 2023-2033
Figure 06 (c): Europe GDP Growth Y-o-Y (%) and Automotive Production Forecast Comparison, 2023-2033
Figure 06 (d): APAC GDP Growth Y-o-Y (%) and Automotive Production Forecast Comparison, 2023-2033
Figure 06 (e): MEA GDP Growth Y-o-Y (%) and Automotive Production Forecast Comparison, 2023-2033
Figure 07: Global Market Size (US$ Mn) and Volume ('000 units) Analysis, 2018-2022
Figure 08: Global Market Size (US$ Mn) and Volume ('000 units) Analysis, 2023-2033
Figure 09: Global Market Share and BPS Analysis by Product Type – 2023 and 2033
Figure 10: Global Market Y-O-Y (%) Growth Projections by Product Type, 2023-2033
Figure 11: Global Market Absolute $ Opportunity by Convoluted Bellows segment
Figure 12: Global Market Absolute $ Opportunity by Rolling Lobe Bellows segment
Figure 13: Global Market Absolute $ Opportunity by Sleeve Bellows segment
Figure 14: Global Market Attractiveness Analysis by Product Type, 2023-2033
Figure 15: Global Market Share and BPS Analysis by Sales Channel – 2023 and 2033
Figure 16: Global Market Y-O-Y (%) Growth Projections by Sales Channel, 2023-2033
Figure 17: Global Market Absolute $ Opportunity by OEM segment
Figure 18: Global Market Absolute $ Opportunity by Aftermarket segment
Figure 19: Global Market Attractiveness Analysis by Sales Cannel, 2023-2033
Figure 20: Global Market Share and BPS Analysis by Component Type – 2023 and 2033
Figure 21: Global Market Y-O-Y (%) Growth Projections by Component Type, 2023-2033
Figure 22: Global Market Absolute $ Opportunity by Bead Plate segment
Figure 23: Global Air Springs Components Market Absolute $ Opportunity by Piston segment
Figure 24: Global Market Absolute $ Opportunity by Bellows segment
Figure 25: Global Air Springs Components Market Attractiveness Analysis by Component Type, 2023-2033
Figure 26: Global Market Share and BPS Analysis by Vehicle Type – 2023 and 2033
Figure 27: Global Market Y-O-Y (%) Growth Projections by Vehicle Type, 2023-2033
Figure 28: Global Air Springs Components Market Absolute $ Opportunity by LCV segment
Figure 29: Global Market Absolute $ Opportunity by HCV segment
Figure 30: Global Market Attractiveness Analysis by Vehicle Type, 2023-2033
Figure 31: Global Market Share and BPS Analysis by Region – 2023 and 2033
Figure 32: Global Market Y-O-Y (%) Growth Projections by Region, 2023-2033
Figure 33: North America Market Absolute $ Opportunity
Figure 34: Europe Market Absolute $ Opportunity
Figure 35: Latin America Market Absolute $ Opportunity
Figure 36: SEA & Pacific Market Absolute $ Opportunity
Figure 37: China Market Absolute $ Opportunity
Figure 38: MEA Air Springs Components Market Absolute $ Opportunity
Figure 39: Global Air Springs Components Market Attractiveness Analysis by Sales Cannel, 2023-2033
Figure 40: North America Air Springs Components Market Value Share Analysis by Product Type, 2023
Figure 41: North America Air Springs Components Market Value Share Analysis by Sales Channel, 2023
Figure 42: North America Air Springs Components Market Value Share Analysis by Component Type, 2023
Figure 43: North America Air Springs Components Market Value Share Analysis by Vehicle Type, 2023
Figure 44: North America Air Springs Components Market Value Share Analysis by Country, 2023
Figure 45: North America Air Springs Components Market Share and BPS Analysis by Product Type – 2023 and 2033
Figure 46: North America Air Springs Components Market Y-O-Y (%) Growth Projections by Product Type, 2023-2033
Figure 47: North America Air Springs Components Market Absolute $ Opportunity by Convoluted Bellows segment
Figure 48: North America Air Springs Components Market Absolute $ Opportunity by Rolling Lobe Bellows segment
Figure 49: North America Air Springs Components Market Absolute $ Opportunity by Sleeve Bellows segment
Figure 50: North America Air Springs Components Market Share and BPS Analysis by Sales Channel – 2023 and 2033
Figure 51: North America Air Springs Components Market Y-O-Y (%) Growth Projections by Sales Channel, 2023-2033
Figure 52: North America Air Springs Components Market Absolute $ Opportunity by OEM segment
Figure 53: North America Air Springs Components Market Absolute $ Opportunity by Aftermarket segment
Figure 54: North America Air Springs Components Market Share and BPS Analysis by Component Type – 2023 and 2033
Figure 55: North America Air Springs Components Market Y-O-Y (%) Growth Projections by Component Type, 2023-2033
Figure 56: North America Air Springs Components Market Absolute $ Opportunity by Bead Plate segment
Figure 57: North America Air Springs Components Market Absolute $ Opportunity by Piston segment
Figure 58: North America Air Springs Components Market Absolute $ Opportunity by Bellows segment
Figure 59: North America Air Springs Components Market Share and BPS Analysis by Vehicle Type – 2023 and 2033
Figure 60: North America Air Springs Components Market Y-O-Y (%) Growth Projections by Vehicle Type, 2023-2033
Figure 61: North America Air Springs Components Market Absolute $ Opportunity by LCV segment
Figure 62: North America Air Springs Components Market Absolute $ Opportunity by HCV segment
Figure 63: North America Air Springs Commercial Vehicle Market Share and BPS Analysis by Country – 2023 and 2033
Figure 64: North America Air Springs Components Market Y-O-Y (%) Growth Projections by Country, 2023-2033
Figure 65: U.S. Air Springs Components Market Absolute $ Opportunity
Figure 66: Canada Market Absolute $ Opportunity
Figure 67: North America Market Pricing Analysis (Product Type Segment, USD per Unit, 2022)
Figure 68: North America Market Pricing Analysis (Sales Channel Segment, USD per Unit, 2022)
Figure 69: North America Market Volume Share Analysis by Product Type Segment, 2022
Figure 70: North America Market Volume Share Analysis by Sales Channel Segment, 2022
Figure 71: U.S. Total Light Trucks Unit Retail Sales, 2010-17
Figure 72: U.S. Domestic Light Trucks Unit Retail Sales, 2010-17
Figure 73: U.S. Heavy Trucks Unit Retail Sales, 2010-17
Figure 74: Latin America Market Value Share Analysis by Product Type, 2023
Figure 75: Latin America Market Value Share Analysis by Sales Channel, 2023
Figure 76: Latin America Market Value Share Analysis by Component Type, 2023
Figure 77: Latin America Market Value Share Analysis by Vehicle Type, 2023
Figure 78: Latin America Market Value Share Analysis by Country, 2023
Figure 79: Latin America Market Share and BPS Analysis by Product Type – 2023 and 2033
Figure 80: Latin America Market Y-O-Y (%) Growth Projections by Product Type, 2023-2033
Figure 81: Latin America Market Attractiveness Analysis by Product Type, 2023-2033
Figure 82: Latin America Market Absolute $ Opportunity by Convoluted Bellows segment
Figure 83: Latin America Market Absolute $ Opportunity by Rolling Lobe Bellows segment
Figure 84: Latin America Market Absolute $ Opportunity by Sleeve Bellows segment
Figure 85: Latin America Market Share and BPS Analysis by Sales Channel – 2023 and 2033
Figure 86: Latin America Market Y-O-Y (%) Growth Projections by Sales Channel, 2023-2033
Figure 87: Latin America Market Attractiveness Analysis by Sales Cannel, 2023-2033
Figure 88: Latin America Market Absolute $ Opportunity by OEM segment
Figure 89: Latin America Market Absolute $ Opportunity by Aftermarket segment
Figure 90: Latin America Market Share and BPS Analysis by Component Type – 2023 and 2033
Figure 91: Latin America Market Y-O-Y (%) Growth Projections by Component Type, 2023-2033
Figure 92: Latin America Market Attractiveness Analysis by Component Type, 2023-2033
Figure 93: Latin America Market Absolute $ Opportunity by Bead Plate segment
Figure 94: Latin America Market Absolute $ Opportunity by Piston segment
Figure 95: Latin America Market Absolute $ Opportunity by Bellows segment
Figure 96: Latin America Market Share and BPS Analysis by Vehicle Type – 2023 and 2033
Figure 97: Latin America Market Y-O-Y (%) Growth Projections by Vehicle Type, 2023-2033
Figure 98: Latin America Market Attractiveness Analysis by Vehicle Type, 2023-2033
Figure 99: Latin America Market Absolute $ Opportunity by LCV segment
Figure 100: Latin America Market Absolute $ Opportunity by HCV segment
Figure 101: Latin America Market Share and BPS Analysis by Country – 2023 and 2033
Figure 102: Latin America Market Y-O-Y (%) Growth Projections by Country, 2023-2033
Figure 103: Latin America Market Attractiveness Analysis by Sales Cannel, 2023-2033
Figure 104: Mexico Market Absolute $ Opportunity
Figure 105: Brazil Market Absolute $ Opportunity
Figure 106: Rest of Latin America Market Absolute $ Opportunity
Figure 107: Europe Market Value Share Analysis by Product Type, 2023
Figure 108: Europe Market Value Share Analysis by Sales Channel, 2023
Figure 109: Europe Market Value Share Analysis by Component Type, 2023
Figure 110: Europe Market Value Share Analysis by Vehicle Type, 2023
Figure 111: Europe Market Value Share Analysis by Country, 2023
Figure 112: Europe Market Share and BPS Analysis by Product Type – 2023 and 2033
Figure 113: Europe Market Y-O-Y (%) Growth Projections by Product Type, 2023-2033
Figure 114: Europe Market Attractiveness Analysis by Product Type, 2023-2033
Figure 115: Europe Market Absolute $ Opportunity by Convoluted Bellows segment
Figure 116: Europe Market Absolute $ Opportunity by Rolling Lobe Bellows segment
Figure 117: Europe Market Absolute $ Opportunity by Sleeve Bellows segment
Figure 118: Europe Market Share and BPS Analysis by Sales Channel – 2023 and 2033
Figure 119: Europe Market Y-O-Y (%) Growth Projections by Sales Channel, 2023-2033
Figure 120: Europe Market Attractiveness Analysis by Sales Cannel, 2023-2033
Figure 121: Europe Market Absolute $ Opportunity by OEM segment
Figure 122: Europe Market Absolute $ Opportunity by Aftermarket segment
Figure 123: Europe Market Share and BPS Analysis by Component Type – 2023 and 2033
Figure 124: Europe Market Y-O-Y (%) Growth Projections by Component Type, 2023-2033
Figure 125: Europe Market Attractiveness Analysis by Component Type, 2023-2033
Figure 126: Europe Market Absolute $ Opportunity by Bead Plate segment
Figure 127: Europe Market Absolute $ Opportunity by Piston segment
Figure 128: Europe Market Absolute $ Opportunity by Bellows segment
Figure 129: Europe Market Share and BPS Analysis by Vehicle Type – 2023 and 2033
Figure 130: Europe Market Y-O-Y (%) Growth Projections by Vehicle Type, 2023-2033
Figure 131: Europe Market Attractiveness Analysis by Vehicle Type, 2023-2033
Figure 132: Europe Market Absolute $ Opportunity by LCV segment
Figure 133: Europe Market Absolute $ Opportunity by HCV segment
Figure 134: Europe Market Share and BPS Analysis by Country – 2023 and 2033
Figure 135: Europe Market Y-O-Y (%) Growth Projections by Country, 2023-2033
Figure 136: Europe Market Attractiveness Analysis by Sales Cannel, 2023-2033
Figure 137: Germany Market Absolute $ Opportunity
Figure 138: France Market Absolute $ Opportunity
Figure 139: Russia Market Absolute $ Opportunity
Figure 140: U.K. Market Absolute $ Opportunity
Figure 141: Spain Market Absolute $ Opportunity
Figure 142: Italy Market Absolute $ Opportunity
Figure 143: Rest of Europe Market Absolute $ Opportunity
Figure 144: SEA & Pacific Market Value Share Analysis by Product Type, 2023
Figure 145: SEA & Pacific Market Value Share Analysis by Sales Channel, 2023
Figure 146: SEA & Pacific Market Value Share Analysis by Component Type, 2023
Figure 147: SEA & Pacific Market Value Share Analysis by Vehicle Type, 2023
Figure 148: SEA & Pacific Market Value Share Analysis by Country, 2023
Figure 149: SEA & Pacific Market Share and BPS Analysis by Product Type – 2023 and 2033
Figure 150: SEA & Pacific Market Y-O-Y (%) Growth Projections by Product Type, 2023-2033
Figure 151: SEA & Pacific Market Attractiveness Analysis by Product Type, 2023-2033
Figure 152: SEA & Pacific Market Absolute $ Opportunity by Convoluted Bellows segment
Figure 153: SEA & Pacific Market Absolute $ Opportunity by Rolling Lobe Bellows segment
Figure 154: SEA & Pacific Market Absolute $ Opportunity by Sleeve Bellows segment
Figure 155: SEA & Pacific Market Share and BPS Analysis by Sales Channel – 2023 and 2033
Figure 156: SEA & Pacific Market Y-O-Y (%) Growth Projections by Sales Channel, 2023-2033
Figure 157: SEA & Pacific Market Attractiveness Analysis by Sales Cannel, 2023-2033
Figure 158: SEA & Pacific Market Absolute $ Opportunity by OEM segment
Figure 159: SEA & Pacific Market Absolute $ Opportunity by Aftermarket segment
Figure 160: SEA & Pacific Market Share and BPS Analysis by Component Type – 2023 and 2033
Figure 161: SEA & Pacific Market Y-O-Y (%) Growth Projections by Component Type, 2023-2033
Figure 162: SEA & Pacific Market Attractiveness Analysis by Component Type, 2023-2033
Figure 163: SEA & Pacific Market Absolute $ Opportunity by Bead Plate segment
Figure 164: SEA & Pacific Market Absolute $ Opportunity by Piston segment
Figure 165: SEA & Pacific Market Absolute $ Opportunity by Bellows segment
Figure 166: SEA & Pacific Market Share and BPS Analysis by Vehicle Type – 2023 and 2033
Figure 167: SEA & Pacific Market Y-O-Y (%) Growth Projections by Vehicle Type, 2023-2033
Figure 168: SEA & Pacific Market Attractiveness Analysis by Vehicle Type, 2023-2033
Figure 169: SEA & Pacific Market Absolute $ Opportunity by LCV segment
Figure 170: SEA & Pacific Market Absolute $ Opportunity by HCV segment
Figure 171: SEA & Pacific Market Share and BPS Analysis by Country – 2023 and 2033
Figure 172: SEA & Pacific Market Y-O-Y (%) Growth Projections by Country, 2023-2033
Figure 173: SEA & Pacific Market Attractiveness Analysis by Sales Cannel, 2023-2033
Figure 174: Japan Market Absolute $ Opportunity
Figure 175: India Market Absolute $ Opportunity
Figure 176: ASEAN Market Absolute $ Opportunity
Figure 177: Rest of SEA & Pacific Market Absolute $ Opportunity
Figure 178: MEA Market Value Share Analysis by Product Type, 2023
Figure 179: MEA Market Value Share Analysis by Sales Channel, 2023
Figure 180: MEA Market Value Share Analysis by Component Type, 2023
Figure 181: MEA Market Value Share Analysis by Vehicle Type, 2023
Figure 182: MEA Market Value Share Analysis by Country, 2023
Figure 183: MEA Market Share and BPS Analysis by Product Type – 2023 and 2033
Figure 184: MEA Market Y-O-Y (%) Growth Projections by Product Type, 2023-2033
Figure 185: MEA Market Attractiveness Analysis by Product Type, 2023-2033
Figure 186: MEA Market Absolute $ Opportunity by Convoluted Bellows segment
Figure 187: MEA Market Absolute $ Opportunity by Rolling Lobe Bellows segment
Figure 188: MEA Market Absolute $ Opportunity by Sleeve Bellows segment
Figure 189: MEA Market Share and BPS Analysis by Sales Channel – 2023 and 2033
Figure 190: MEA Market Y-O-Y (%) Growth Projections by Sales Channel, 2023-2033
Figure 191: MEA Market Attractiveness Analysis by Sales Cannel, 2023-2033
Figure 192: MEA Market Absolute $ Opportunity by OEM segment
Figure 193: MEA Market Absolute $ Opportunity by Aftermarket segment
Figure 194: MEA Market Share and BPS Analysis by Component Type – 2023 and 2033
Figure 195: MEA Market Y-O-Y (%) Growth Projections by Component Type, 2023-2033
Figure 196: MEA Market Attractiveness Analysis by Component Type, 2023-2033
Figure 197: MEA Market Absolute $ Opportunity by Bead Plate segment
Figure 198: MEA Market Absolute $ Opportunity by Piston segment
Figure 199: MEA Market Absolute $ Opportunity by Bellows segment
Figure 200: MEA Market Share and BPS Analysis by Vehicle Type – 2023 and 2033
Figure 201: MEA Market Y-O-Y (%) Growth Projections by Vehicle Type, 2023-2033
Figure 202: MEA Market Attractiveness Analysis by Vehicle Type, 2023-2033
Figure 203: MEA Market Absolute $ Opportunity by LCV segment
Figure 204: MEA Market Absolute $ Opportunity by HCV segment
Figure 205: MEA Market Share and BPS Analysis by Country – 2023 and 2033
Figure 206: MEA Market Y-O-Y (%) Growth Projections by Country, 2023-2033
Figure 207: MEA Market Attractiveness Analysis by Sales Cannel, 2023-2033
Figure 208: Turkey Market Absolute $ Opportunity
Figure 209: South Africa Market Absolute $ Opportunity
Figure 210: Rest of MEA Market Absolute $ Opportunity
Figure 211: China Market Value Share Analysis by Product Type, 2023
Figure 212: China Market Value Share Analysis by Sales Channel, 2023
Figure 213: China Market Value Share Analysis by Component Type, 2023
Figure 214: China Market Value Share Analysis by Vehicle Type, 2023
Figure 215: China Market Share and BPS Analysis by Product Type – 2023 and 2033
Figure 216: China Market Y-O-Y (%) Growth Projections by Product Type, 2023-2033
Figure 217: China Market Attractiveness Analysis by Product Type, 2023-2033
Figure 218: China Market Absolute $ Opportunity by Convoluted Bellows segment
Figure 219: China Market Absolute $ Opportunity by Rolling Lobe Bellows segment
Figure 220: China Market Absolute $ Opportunity by Sleeve Bellows segment
Figure 221: China Market Share and BPS Analysis by Sales Channel – 2023 and 2033
Figure 222: China Market Y-O-Y (%) Growth Projections by Sales Channel, 2023-2033
Figure 223: China Market Attractiveness Analysis by Sales Cannel, 2023-2033
Figure 224: China Market Absolute $ Opportunity by OEM segment
Figure 225: China Market Absolute $ Opportunity by Aftermarket segment
Figure 226: China Market Share and BPS Analysis by Component Type – 2023 and 2033
Figure 227: China Market Y-O-Y (%) Growth Projections by Component Type, 2023-2033
Figure 228: China Market Attractiveness Analysis by Component Type, 2023-2033
Figure 229: China Market Absolute $ Opportunity by Bead Plate segment
Figure 230: China Market Absolute $ Opportunity by Piston segment
Figure 231: China Market Absolute $ Opportunity by Bellows segment
Figure 232: China Market Share and BPS Analysis by Vehicle Type – 2023 and 2033
Figure 233: China Market Y-O-Y (%) Growth Projections by Vehicle Type, 2023-2033
Figure 234: China Market Attractiveness Analysis by Vehicle Type, 2023-2033
Figure 235: China Market Absolute $ Opportunity by LCV segment
Figure 236: China Market Absolute $ Opportunity by HCV segment
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- FAQs -
How big is the air spring component market in 2023?
The global air spring component market is valued at US$ 1.1 billion in 2023.
What is the future of air spring components?
Global demand for air spring components is set to increase at a CAGR of 6.5% from 2023 to 2033.
What is the projected size of the global market by 2033?
The global market for air spring components is forecasted to reach US$ 2.06 billion by 2033.
Who are the top producers of air spring components?
Leading air spring component manufacturers are Continental AG, Firestone Industrial Products Company LLC, and STEMCO Products Inc.
What is the key trend in the air spring component market?
Lightweighting is a significant trend across several end-use industries, fuelling the demand for lighter and more efficient air spring components.
Air Spring Component Market