August 19, 2019 by Steve Blade
Fact.MR recently published a report “Air Spring Components Market - Global Industry Analysis 2013-2018 and Forecast, 2018-2026” to offer detailed information on important market dynamics that elucidates the growth prospects of the Air Spring Components market. The values provided in the research report are derived from an extensive study of the Air Spring Components market, and thereby it can help stakeholders to develop apt business strategies in the coming future.
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, key players in the air spring components market 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.
Table of Content
1. Executive Summary
2. Market Introduction
3. Market Background
4. Market Forecast
To be Continue........
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.
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.
According to the American Trucking Associations, over-the-road transportation of cargo accounted for US$ 676.2 billion in 2016, whereas total spending in the U.S. logistics and transportation industry was $1.4 trillion. With the increasing growth of the global logistics & transportation industry and urbanization, the adoption of commercial vehicles is likely to surge, which will complement the growth of the air springs components market in the upcoming years.
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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