Global Air Spring Market Growth 2023-2029

Global Air Spring Market Growth 2023-2029

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.

LPI (LP Information)' newest research report, the “Air Spring Industry Forecast” looks at past sales and reviews total world Air Spring sales in 2022, providing a comprehensive analysis by region and market sector of projected Air Spring sales for 2023 through 2029. With Air Spring sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Air Spring industry.

This Insight Report provides a comprehensive analysis of the global Air Spring landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Air Spring portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Air Spring market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Air Spring and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Air Spring.

The global Air Spring market size is projected to grow from US$ 2369.3 million in 2022 to US$ 3084.1 million in 2029; it is expected to grow at a CAGR of 3084.1 from 2023 to 2029.

Global Air Springs key players include Continental, TrelleborgVibracoustic, Bridgestone, Aktas, Toyo Tire & Rubber, etc. Global top five manufacturers hold a share about 65%. Europe is the largest market, with a share about 35%, followed by Asia-Pacific and North America, both with a share about 30 percent. In terms of product, Convoluted is the largest segment, with a share about 40%. And in terms of application, the largest application is Vehicles, followed by Railway, Industrial Applications, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of Air Spring market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Convoluted Bellows
Rolling Lobe Bellows
Sleeve Bellows

Segmentation by application
Passenger Car
Light Commercial Vehicle (LCV)
Heavy Commercial Vehicle (HCV)

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
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

Key Questions Addressed in this Report

What is the 10-year outlook for the global Air Spring market?

What factors are driving Air Spring market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Air Spring market opportunities vary by end market size?

How does Air Spring break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.