According to the latest market report published by Fact.MR, growing penetration of air springs in luxury passenger vehicles continues to open new growth opportunities for manufacturers. Traditionally limited to heavy commercial vehicles, end-user preference for comfort, glide ride, and suspension adjustment are impacting where the revenue is going in the air springs landscape. Stakeholders in the air springs market must consider the evolutions in this marketplace if they are to rapidly adapt to the new status quo.
Fact.MR Survey Finds Weight Reduction and Flex Cracking Mitigation as Key Focus Areas for Manufacturers
The air springs market remains fragmentally consolidated, with a large number of America, Chinese, and Indian suppliers/distributors vying for increasing their market penetration and share. A majority of market participants covered in the market have a sizeable presence in APEJ and North America – two key air springs markets globally. Sensing the untapped opportunities in this marketplace, leading manufacturers, including BWI Group, Continental AG, Dunloop Systems and Components, Firestone Industrial LLC, Hendrickson LLC, Mando Corporation, Tata AutoComp Systems, ThyssenKrupp AG, VB AirSuspension, and Wabco Holdings Inc. are focusing on reducing weight and mitigating flex cracking as key focus areas.