Air springs components are devices that are used in the suspension systems of light duty and heavy duty vehicles, such as coaches, buses, trailers, and heavy trucks. Air springs components are an integral part in commercial vehicles as they ensure smoother rides, protect cargo, and reduce maintenance cost in commercial vehicles.
The Fact.MR report provides readers with the most important insights about potential opportunities, growth prospects, and recent developments in the air springs components market. Reliable and accurate qualitative and quantitative conclusions about the growth of the air springs components market are presented in the report.
Air spring components sales have remained robust in OEMs that have been gaining control over the entire lifecycle of vehicles, including the maintenance services. Automotive OEMs continue to tap lucrative opportunities for improving the customer experience and expanding their geographical footprint in the air spring components market. Intense lobbying by the OEMs apropos of the air spring components, has been creating entry barriers to new players and suppliers.
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In response to the essentiality of robust and high performance air springs in commercial vehicles,the air spring components key players have been making significant investment in R&D activities, for improving efficiency and safety of these critical components. Behemoths are directing their focus toward unique technology developments to enhance the operational functionalities, and gain a competitive edge in the air spring components market.
The Fact.MR report helps readers to fathom unique conclusions about the development of the air springs components market, which are presented in the report. On conducting detailed secondary and primary market research on the historical and current growth parameters of the air springs components market, analysts at Fact.MR find out nearly accurate qualitative and quantitative conclusions about the growth of the air springs components market.
Positive Prospects of Logistics & Transportation Industry Augur Well for Air springs components Market
Commercial vehicles are employed extensively in the logistics & transportation industry for on-road cargo transportation, thereby growth prospects of the air springs components market majorly depend on the global transportation activities and the integration of supply chain networks worldwide. Also, according to a report by the United Nations (UN), over 55% of the global population lives in urban areas, which is likely to increase up to 68% by 2050. The recent growth in the trend of urbanization directly translates into the positive developments in transportation industry
Segmentation
In order to provide detailed information about the air springs components market in a seamless way, the Fact.MR report divides the air springs components market into its five broad sub-segments – product types, sales channels, component types, vehicle types, and regions.
Based on product types, the air springs components market is segmented into three main types – convoluted bellows, rolling lobe bellows, and sleeve bellows. Depending on the sales channel, the air springs components market is segmented into two main types – Original Equipment Manufacturer (OEM) and Aftermarket. According to the component types, the air springs components market is segmented into bead plate, piston, and sleeve bellows. Based on the component type, commercial vehicle air springs pistons are further segmented into plastic pistons and metal pistons.
Air Spring Components Market: Competitive Landscape
Air springs components market players featured in the report are Continental AG, Firestone Industrial Products Company LLC, STEMCO Products Inc., Akta? Holding, Vibracoustic CV Air Springs GmbH, Navistar, Inc., Air Lift Company, Meklas Group, Dunlop Systems and Components Ltd., Hendrickson USA LLC, Meritor, Inc., WABCO Holdings Inc., Gibraltar Airsprings Private Limited, Fabio Air Suspension Systems, and Guangzhou Guomat Air Springs Co., Ltd.
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