Air Springs Market: Important Changes In Market Dynamics 2020 - 2030

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Global Air springs Market: Overview

In the automotive industry, the use of air suspension system is extensive and this has substantially increased the demand for air springs in the sector. Besides, the changing conditions of terrain and increased user demand for effortless and convenient driving is anticipated to trigger sales of air springs. This factor is likely to support growth of the global air springs market over the timeframe of analysis, from 2020 to 2030.
The growth of the global air springs market is expected to be driven by the aftermarket part of the business as well. After a pre-determined range of driving, it is essential to replace the air springs, which is likely to augur well for the market in the years to come. In addition, several technological developments have brought in new composites and designs that are to be utilized in air springs. These developments are expected to open up new growth avenues for the global air springs market in the years to come. Air springs are being utilized in various heavy-duty vehicle suspension systems for almost a century. In these applications, compressed air needed for braking system is utilized to prove to be useful in these applications. Such multiple uses of the product is likely to support growth of the global air springs market over the tenure of assessment, from 2020 to 2030. These springs offer extra comfort and improve the overall quality of the ride.
Product type, end user, and region are the three important parameters based on which the global air springs market has been classified.
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Global Air springs Market: Notable Developments

One of the important market developments that give a quick view of the dynamics pertaining to the global air springs market is mentioned as below:
  • In October 2019, Germany-based Continental AG introduced a lightweight air spring that is capable of diminishing the weight of conventional vehicle by 15 kgs. It is considered as the latest technological breakthrough by the company.
Some of the prominent organizations in the global air springs market comprise the below-mentioned:
  • Firestone Industrial Products Company, LLC
  • Continental AG
  • Dunlop Systems and components
  • Hendrickson USA, L.L.C.
  • Tata AutoComp Systems Ltd
  • VDL Weweler-Colaert nv

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