Global Air Springs Market Research by Product Type (Single Convolute, Multi Convolute, Sleeve, Rolling Lobe), Key Regions(North America, Latin America, Europe, Japan, APEJ, MEA) and Top Players(WABCO Holdings Inc., Meritor Inc., Continental Corp., Stemco), Analyzed till 2026

Posted on 2018-07-10 by Mark Hub in Automotive // 0 Comments

Rockville, US, 2018-Jul-10 — /EPR Network/ — Fact.MR has recently published a new report on the global air springs market, which offers accurate forecasts on the market for the period between 2017 and 2026. This report is a definite source of information that imparts intelligence on recent market dynamics, industry trends, potential markets, technology developments & advancements, and product innovation coupled with extensive regional market coverage.

A comprehensive data analysis on the global air springs market is delivered in the report, in order to help the clients in gaining a competitive edge and attracting potential customers. The report further aids in better understanding of the industry structure, and offers evaluations on the competition intensity attractiveness. Business strategists can leverage the intelligence offered in the report regarding latest opportunities and trends impacting the market expansion to make fact-based decisions for their businesses.

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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,

Improving the ozone resistance and service life
Reduction in overall weight and mitigation of flex cracking of air springs
Reducing the vibration, misalignment, while increasing the longevity with a secure mounting experience
Boosting equipment longevity and fuel-efficiency

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.

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“Defence is Best Offense” in the Highly Competitive Air Springs Market

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,

1- WABCO Holdings Inc., a key participant in the global air springs market, continues to consolidate its position in the electric-powered passenger vehicles segment. The company entered into an agreement with a leading German car maker in 2017, with production expected to start in late 2018.

2- In a bid to strengthen its presence in the aftermarket and cover a range of commercial vehicle operations, Meritor Inc. launched a new line of air springs, including double convoluted, cab-mount, and reversing (rolling lobe).

3- Continental Corp. highlighted its Smart Air Springs for heavy duty vehicles, including trucks and trailers in late 2017. The Smart Air Springs showcased by the company are equipped with a range of features to reduce the overall weight. These innovative air spring have been made from polyamide instead of steel or aluminum.

4- Stemco, a leading manufacturer of components for commercial vehicles, completed the construction of a 20,000-sq-facility to design and test advances in materials, design, and technology. The new facility is being built at Fairlawn Corporate Park in Ohio.

5- Neopos, a new air suspension technology developed by Formula, offers higher linear compression and return rates of coil springs. According to the company, the new technology has been in development since 2011.

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