The increasing automotive industry is driving the China air spring market demand growth during the forecast period

China Air Spring Market size was valued at USD 1.52 billion in 2023, and is predicted to reach USD 2.46 billion by 2030, at a CAGR of 6.1% from 2024 to 2030. Also, the air spring market is valued at 8.7 million units in 2023, and is expected to reach at 15.4 million units by 2030 with the CAGR of 7.2% during 2024-2030, according to new research by Next Move Strategy Consulting.

The robust automotive industry in China is driving the expansion of the air spring market, fuelled by rising demand for these components in automotive manufacturing. As automotive production increases, there is a corresponding rise in the need for high-quality suspension systems equipped with air springs to meet consumer preferences.

According to the International Trade Administration (ITA), domestic production in China reached 2.69 million units in March 2024 and is projected to reach 35 million units by 2025. This significant growth catalyses the air spring market, prompting manufacturers to boost production to meet the rising demand within China’s automotive sector.

However, the installation process for air springs presents a significant challenge, impeding market expansion. Specialized knowledge and tools are required for installation, resulting in increased time and costs for both manufacturers and end-users.

Additionally, the intricate installation procedure is prone to errors or inefficiencies, compromising overall performance and reliability. Consequently, these complexities deter potential customers from adopting air springs, thereby restricting China air spring market growth.

On the other hand, incorporating sensor technology into air springs is anticipated to unlock future market prospects. By integrating sensors, manufacturers can monitor pressure, temperature, and other critical parameters in real-time.

This capability facilitates proactive maintenance, predictive analytics, and enhanced performance optimization, thereby boosting reliability and safety. Furthermore, sensor-enabled air springs are expected to drive the development of intelligent, adaptive suspension systems capable of automatically adjusting to various road conditions and driving dynamics.

As the automotive and industrial sectors increasingly prioritize efficiency and automation, the demand for sensor-equipped air springs is expected to create substantial growth opportunities. Notably, key players such as Continental AG and Vibracoustic are leading innovation by integrating ultrasonic sensors into their air springs, underscoring the industry's commitment to advancement and progress.

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Several key players functioning in China air spring industry include Continental AG, Bridgestone Industrial, Vibracoustic SE, Sumitomo Electric Industries, Ltd., Trelleborg AB, VDL Groep, Airtech (Akta? Holding), Hendrickson USA, L.L.C., BWI Group, Stemco, among others.

Key Insights from the China Air Spring Market Report:

• The information related to key drivers, restraints, and opportunities and their impact on the China air spring market is provided in the report.

• The value chain analysis in the China air spring market study provides a clear picture of the role of each stakeholder.

• The market share of the China air spring market players and their competitive analysis are provided in the report.