France Air Spring Market by Type (Convolute, Rolling Lobe, and Sleeve), Sales Channel (Original Equipment Manufacturer (OEM) and Aftermarket), and Application (Automotive, Railway, and Industrial) – Global Opportunity Analysis and Industry Forecast, 2024–2030
Industry: Automotive & Transportation | Publish Date: 03-Jul-2024 | No of Pages: 125 | No. of Tables: 92 | No. of Figures: 57 | Format: PDF | Report Code : N/A
France Air Spring Market Overview
The France Air Spring Market size was valued at USD 151.4 million in 2023, and is predicted to reach USD 242.3 million by 2030, at a CAGR of 5.9% from 2024 to 2030. Also, the air spring market is valued at 477 thousand units in 2023, and is expected to reach at 836 thousand units by 2030 with the CAGR of 7.0% during 2024-2030.
The air spring, also known as air bags or pneumatic springs refers to the industry focused on the production and distribution of these springs, which are components used in vehicle suspension systems to provide improved ride quality, comfort, and stability. It is a component used in commercial vehicles, passenger cars, and industrial machinery.
The component is designed to support loads, isolate vibrations and shocks, and act as a pneumatic cylinder by expanding itself. They are integral components of air suspension systems, providing improved comfort compared to traditional coil springs. These springs replaces traditional metal springs with a flexible, rubber-and-fabric bladder that contains compressed air, making them a popular choice for various applications.
The Rise in Automotive Production is Driving the Air Spring Market in the Country
The increasing automotive industry in France is significantly driving the air springs market by creating a higher demand for components that offer enhanced ride comfort and performance. As car manufacturers ramp up production to meet the growing global consumer demand, there is a corresponding need for reliable and efficient air springs.
According to the OICA - International Organization of Motor Vehicle Manufacturers, the automotive industry in France increased to 1,383,173 units in 2022, marking a 2.4% increase compared to the previous year, 2021.
This rise in automotive production directly contributes the France air spring market demand, as manufacturers scale up production to meet the demands of the automotive industry, further boosting the adoption of advanced suspension technologies.
The Growing Urbanization is Driving the Demand for Air Spring Market
The growth of urbanization in France is another key factor driving the air spring market by increasing the demand for efficient and comfortable public transportation and commercial vehicles. According to data provided by the Central Intelligence Agency (CIA), 81.8% of the total population of France resided in urban areas in 2023, with projections indicating an annual increase of 0.67% until 2025.
This trend towards urbanization directly boosts the demand for air spring systems, as vehicles equipped with air springs are essential for providing superior ride comfort, stability, and performance in urban environments. Consequently, this growing urbanization in France fosters significant market growth for air springs, enhancing the appeal of air suspension systems in both public and commercial transport sectors.
High Complexity in Installing the Air Spring Market Growth
The installation process for these springs presents a formidable challenge, impeding market expansion. Specialized knowledge and tools are requisite 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 embracing these products, consequently restricting the France air spring market expansion.
Integration of Sensor Technology in Air Springs Creates Opportunity
The incorporation of sensor technology into these springs is anticipated to unlock future market prospects. By integrating sensors into air bag systems, manufacturers can conduct real-time monitoring of pressure, temperature, and other critical parameters. This capability facilitates proactive maintenance, predictive analytics, and enhanced performance optimization, thereby boosting reliability and safety.
Furthermore, sensor-enabled air springs are poised to catalyze the development of intelligent, adaptive suspension systems capable of automatically adapting to diverse road conditions and driving dynamics.
With the automotive AI and industrial sectors increasingly prioritizing efficiency and automation, the demand for sensor-equipped air bags is expected to engender substantial growth opportunities in the foreseeable future.
Notably, key players in this domain such as Continental AG and Vibracoustic are spearheading innovation by integrating ultrasonic sensors into their air bags, underscoring the industry's dedication to advancement and progress.
Competitive Landscape
The promising key players operating in the France 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.
France Air Spring Market Key Segments
By Type
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Convolute
-
Single
-
Multi
-
-
Rolling Lobe
-
Sleeve
By Sales Channel
-
Original Equipment Manufacturer (OEM)
-
Aftermarket
By Application
-
Automotive
-
Passenger Cars
-
Buses
-
Trailer and Trucks
-
-
Railways
-
Industrial
REPORT SCOPE AND SEGMENTATION:
|
Parameters |
Details |
|
Market Size Value in 2023 |
USD 151.4 million |
|
Revenue Forecast in 2030 |
USD 242.3 million |
|
Market Size Volume in 2023 |
477 thousand units |
|
Volume Forecast in 2030 |
836 thousand units |
|
Value Growth Rate |
CAGR of 5.9% from 2024 to 2030 |
|
Volume Growth Rate |
CAGR of 7.0% from 2024-2030 |
|
Analysis Period |
2023–2030 |
|
Base Year Considered |
2023 |
|
Forecast Period |
2024–2030 |
|
Market Size Estimation |
Million (USD) |
|
Market Volume Estimation |
Thousand Units |
|
Growth Factors |
|
|
Companies Profiled |
10 |
|
Customization Scope |
Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope. |
|
Pricing and Purchase Options |
Avail customized purchase options to meet your exact research needs. |
KEY PLAYERS
-
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
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