The rising adoption of air springs in electric vehicles (EVs) is driving the Europe air spring market demand growth during the forecast period

The Europe Air Spring Market size was valued at USD 1.22 billion in 2023, and is predicted to reach USD 1.75 billion by 2030, at a CAGR of 4.2% from 2024 to 2030. Also, the air spring market is valued at 4.4 million units in 2023, and is expected to reach at 6.9 million units by 2030 with the CAGR of 5.3% during 2024-2030, according to new research by Next Move Strategy Consulting.

The increasing adoption of electric vehicles (EVs) throughout Europe is fueling significant growth in the air spring market. As EV manufacturers prioritize enhancing the overall ride experience, there is a notable surge in demand for air springs to support this trend. Air springs play a critical role in optimizing ride comfort, stability, and handling characteristics, thereby becoming indispensable components in EV suspension systems. Consequently, the market is experiencing heightened demand for air springs as EV adoption continues to rise, driving sustained growth across the region.

However, the installation process for these springs presents a formidable challenge, impeding market expansion. Specialized knowledge and tools are required for air bag installation, resulting in increased time and costs for both manufacturers and end-users. Furthermore, the intricate installation procedure is prone to errors or inefficiencies, thereby compromising overall performance and reliability. Consequently, the complexities associated with air spring installation dissuade potential customers from adopting these products, restricting market growth.

On the other hand, the integration of sensor technology into air springs holds promise for unlocking future market opportunities. By incorporating sensors, manufacturers can monitor critical parameters such as pressure and temperature in real-time. This capability enables proactive maintenance, predictive analytics, and enhanced performance optimization, thereby improving reliability and safety.

Furthermore, sensor-enabled air springs are set to drive the development of intelligent, adaptive suspension systems capable of automatically adjusting to varying road conditions and driving dynamics. As industries increasingly prioritize efficiency and automation, the demand for sensor-equipped air springs is expected to create substantial growth prospects. Leading companies such as Continental AG and Vibracoustic are at the forefront of this innovation, integrating ultrasonic sensors into their air springs and underscoring the industry's commitment to advancing technology and progress.

Request for a sample here: https://www.nextmsc.com/europe-air-spring-market/request-sample

Several key players functioning in Europe 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 Europe Air Spring Market Report:

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

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

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