Air Springs Market Anticipated to be Valued at US$ 4 Bn by the End of 2026Posted by Arslan on July 12th, 2019 In order to dissert the market scenario prevailing across the air springs market sector, FactMR has evenly presented a comprehensive air springs market analysis to its extensive online repository. With all vital market facets enclosed into this single assessment, readers can learn about different market drivers, opportunities and trends which are likely to influence the overall market space for the air springs market in the coming years. In addition, factors such as market size, Y-o-Y growth and revenue share are investigated so as to make this research highly authentic and reliable. Get a Free Sample Report from Here – https://www.factmr.com/connectus/sample?flag=S&rep_id=716 There is a pervasive realization among air spring manufacturers that if they intend to remain competitive in a fragmentally consolidated global market, they need to secure clients for long term. Either it is innovation they can offer in the existing product lines as Continental Corp and Neopos did, or it has to be through WABCO way. Some of the key notable developments in the air springs marketplace include,
Rolling Lobe Remains the Preferred Choice for OEMs Sales of rolling lobe air springs continue to remain higher than convolutes (single and multi), and sleeves. The marked preference for rolling lobes can be attributed to their small size, low weight, and ability to handle pressure at 1:1 ratio. Rolling lobe air springs have a piston which enables a flexible member to roll along the piston’s surface. The key focus areas for rolling lobe manufacturers are,
Air springs find applications in including passenger cars, buses, trailers & trucks, light commercial vehicles, railways, and industrial lifts and earthmovers. Among these, buses and passenger cars represent two largest application segments in the global air springs market. The number of buses and passenger cars is significantly higher than other transportation mediums, which is a key reason for increased demand for these two application segments. Asian Auto Components Industry is Suspending on China and India’s Performance Asia Pacific’s position in the global auto industry continues to gain ground. The region is home to the world’s two most prolific auto markets – China and India. According to data from the United Nations, India’s population will even with that of China by 2022 – collectively these countries will have 2.8 billion people. Unsurprisingly, these two countries have emerged as lucrative markets for not just the automotive industry, but a wide gamut, ranging from healthcare to consumer goods. According to data from SIAM (Society of Indian Automobile Manufacturers), the auto industry grew by 14.78% y-o-y in 2018 over 2017. The Chinese Central Government is optimistic that automotive output will reach nearly 30 million units by 2020. The fledgling auto industry in these two countries has put Asia Pacific on the global auto components map. For long, many Asian countries, including China, India, and ASEAN were scrambled to because of low labor cost; however, in the last decade or so, this has been complemented with adoption of innovative technology. The broader developments in the auto components industry are rubbing off on the air springs market in the region. In terms of both value and volume, the region will remain at pole position during the assessment period. Like it? Share it!More by this author |