Netherlands 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
Netherlands Air Spring Market Overview
The Netherlands Air Spring Market size was valued at USD 20.4 million in 2023, and is predicted to reach USD 32.1 million by 2030, at a CAGR of 5.6% from 2024 to 2030. Also, the air spring market is valued at 65 thousand units in 2023, and is expected to reach at 112 thousand units by 2030 with the CAGR of 6.8% 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 Rising Electric Vehicle (EVs) Sales is Driving the Air Spring Market Growth
The rising sales of electric vehicles (EVs) are self-assured to drive the air spring market by creating a demand for enhanced ride quality and comfort tailored to the unique design of EVs. According to data from the International Energy Agency Hybrid and Electric Vehicle (IEA), sales of electric passenger cars accounted for 35% of total passenger car sales in 2022, representing a 5% increase compared to 2021.
As more consumers adopt EVs, manufacturers increasingly incorporate air springs to meet growing expectations for comfort and efficiency. The unique requirements of EVs, such as their battery weight and need for energy-efficient systems, make air springs an ideal solution for optimizing ride quality. Consequently, this trend is driving substantial Netherlands air spring market demand.
The Growing Urbanization is Boosting the Demand for Air Spring Systems
The rising urbanization in the Netherlands is another significant factor driving the air spring market by increasing the demand for efficient transportation solutions in urban areas. According to data provided by the Central Intelligence Agency (CIA), 93.2% of the total population of the Netherlands resided in urban areas in 2023, with projections indicating an annual increase of 0.59% from 2020 to 2025.
This high level of urbanization directly boosts the demand for air spring systems, as they are essential for ensuring comfort and stability in densely populated environments. As urban areas expand, the need for vehicles equipped with advanced suspension systems, such as air springs, becomes increasingly critical to navigate the challenges of urban transportation. Consequently, the growing urbanization in the Netherlands is fostering significant market growth for air springs.
High Complexity in Installing Air Springs Hinders the 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 Netherlands 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 Netherlands 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.
Netherlands Air Spring Market Key Segments
By Type
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Convolute
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Single
-
Multi
-
-
Rolling Lobe
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Sleeve
By Sales Channel
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Original Equipment Manufacturer (OEM)
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Aftermarket
By Application
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Automotive
-
Passenger Cars
-
Buses
-
Trailer and Trucks
-
-
Railways
-
Industrial
REPORT SCOPE AND SEGMENTATION:
|
Parameters |
Details |
|
Market Size Value in 2023 |
USD 20.4 million |
|
Revenue Forecast in 2030 |
USD 32.1 million |
|
Market Size Volume in 2023 |
65 thousand units |
|
Volume Forecast in 2030 |
112 thousand units |
|
Value Growth Rate |
CAGR of 5.6% from 2024 to 2030 |
|
Volume Growth Rate |
CAGR of 6.8% 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
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Sumitomo Electric Industries, Ltd.
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Trelleborg AB
-
VDL Groep
-
Airtech (Akta? Holding)
-
Hendrickson USA, L.L.C.
-
BWI Group
-
Stemco
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