August 28, 2019 by Steve Blade
According to a new Fact.MR study, the air spring components market is witnessing 6.4% y-o-y CAGR in 2018 over 2017. The study finds that burgeoning applications of trucks in the transportation industry are boosting installation of air spring components to improve vehicle safety and ride quality on uneven roads and long descents. This is mainly driving the growth of the air spring components market.
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.
Get the sample of the report at
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.
Increasing growth of the transportation industry and trucking activities is one of the most important factors fueling growth of the air spring components market. Other factors triggering adoption of Air spring components include
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.
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.
Additional Questions Answered
The air springs components market report provides detailed information about growth prospects of the air springs components market, which includes minute details about the current and future growth parameters of the air springs components market. The report also answers the market-related questions about for readers, which can help them to establish a strong presence the air springs components market. Some the questions answered in the air springs components market report include,
Have Any Query?? Ask Our Industry Expert: https://www.factmr.com/connectus/sample?flag=AE&rep_id=2314
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
11140 Rockville Pike
Rockville, MD 20852