According to a new Fact.MR study, the air spring components market is witnessing 6.4% y-o-y CAGR in 2018 over 2017. The study finds that burgeoning applications of trucks in the transportation industry are boosting installation of air spring components to improve vehicle safety and ride quality on uneven roads and long descents. This is mainly driving the growth of the air spring components market.
For a sample copy of the report, please click:- https://www.factmr.com/connectus/sample?flag=S&rep_id=2314
Increasing growth of the transportation industry and trucking activities is one of the most important factors fueling growth of the air spring components market. Other factors triggering adoption of Air spring components include
Increasing production and sales of commercial vehicles across the globe
Awareness about drivers’ safety, comfort, and convenience at long journeys
Recent technological developments in suspension systems used in commercial vehicles
Globalization and urbanization trends initiating developments in road infrastructures
Rapidly-expanding logistics and warehousing industry
With the rising sales of commercial vehicles, the importance of ride quality is making a significant impact on customers’ purchasing decisions. Thereby, modern automakers are focusing more on the use of high-quality Air spring components, which is majorly contributing to growth of the Air spring components market.
View Full Report@:- https://www.factmr.com/report/2314/air-spring-components-market
Traditional Dominance of OEMs as a Leading Sales Channel in the Air Spring Components Market Persists
Original equipment manufacturers (OEMs) are likely to become the leading sales channel in the Air spring components market as a majority of OEMs are gaining control of the complete lifecycle of commercial vehicles, including maintenance services. The Fact.MR study finds that OEMs hold a significant market share of over 75% in the Air spring components market as OEMs account for commercial vehicle air spring sales 3x higher than other sales channels. OEMs are cashing revenue potential in the Air spring components market by beginning to supply as well as manufacture Air spring components.
OEM workshops are achieving higher sales of Air spring components by utilizing lucrative opportunities to improve customer experience, putting the entire aftermarket under pressure. Other sales channels in the aftermarket value chain are being challenged by OEMs to supply high-quality as well as cost-effective Air spring components. Massive lobbying by OEMs in the Air spring components market is creating barriers to entry for new commercial vehicle air spring suppliers, thereby gobbling up a significant share in the Air spring components market.
North America and Europe Account for over 60% Air Spring Components Market Share
Despite the commercial vehicle sales being outnumbered by passenger car sales, lightweight commercial vehicles (LCVs) as well as heavy commercial vehicles (HCVs) are witnessing burgeoning demand in developed countries, which underscores incremental growth of Air spring components market in developed nations. With the ever-growing logistics & transportation industries in Europe and North America, the production and sales of commercial vehicles is likely to surge, triggering high demand for Air spring components in the upcoming years.
According to the American Trucking Association, the 71% percent of freight in the U.S. is moved by trucks, which generated US$ 738.9 billion in total freight revenues by transporting over 10 billion tons of freight in 2016. Increasing use of commercial vehicles in the U.S. logistics & transportation industry is creating high demand for Air spring components to enhance the ride quality of commercial vehicles and cargo safety.
Request for the Customization of the report: https://www.factmr.com/connectus/sample?flag=RC&rep_id=2314
The Fact.MR study opines that increasing production of high-quality Air spring components in developed nations will make Air spring components markets in North America and Europe the most lucrative for commercial vehicle air spring manufacturers and distributors in the upcoming years.
About Us
We are an insights-driven global market intelligence company with a unique purpose: enabling organizations make better decisions. We do this by creating an ecosystem where an eclectic cognitive collaboration between human imagination and data science leads to path breaking ideas.
Our vision is to foster a pervasive culture where critical business decisions are taken on the basis of facts rather than assumptions and perceptions.
Our mission is empowerment – empowerment of free-thought; empowerment of fact-based decisions; empowerment of decisive action.
For More Information Kindly Contact:
Suite 9884
27 Upper Pembroke Street,
Dublin 2, Ireland
Tel: +353-1-4434-232
Mail: sales@factmr.com
Read Blog: https://theheraldmedia.com/
For a sample copy of the report, please click:- https://www.factmr.com/connectus/sample?flag=S&rep_id=2314
Increasing growth of the transportation industry and trucking activities is one of the most important factors fueling growth of the air spring components market. Other factors triggering adoption of Air spring components include
Increasing production and sales of commercial vehicles across the globe
Awareness about drivers’ safety, comfort, and convenience at long journeys
Recent technological developments in suspension systems used in commercial vehicles
Globalization and urbanization trends initiating developments in road infrastructures
Rapidly-expanding logistics and warehousing industry
With the rising sales of commercial vehicles, the importance of ride quality is making a significant impact on customers’ purchasing decisions. Thereby, modern automakers are focusing more on the use of high-quality Air spring components, which is majorly contributing to growth of the Air spring components market.
View Full Report@:- https://www.factmr.com/report/2314/air-spring-components-market
Traditional Dominance of OEMs as a Leading Sales Channel in the Air Spring Components Market Persists
Original equipment manufacturers (OEMs) are likely to become the leading sales channel in the Air spring components market as a majority of OEMs are gaining control of the complete lifecycle of commercial vehicles, including maintenance services. The Fact.MR study finds that OEMs hold a significant market share of over 75% in the Air spring components market as OEMs account for commercial vehicle air spring sales 3x higher than other sales channels. OEMs are cashing revenue potential in the Air spring components market by beginning to supply as well as manufacture Air spring components.
OEM workshops are achieving higher sales of Air spring components by utilizing lucrative opportunities to improve customer experience, putting the entire aftermarket under pressure. Other sales channels in the aftermarket value chain are being challenged by OEMs to supply high-quality as well as cost-effective Air spring components. Massive lobbying by OEMs in the Air spring components market is creating barriers to entry for new commercial vehicle air spring suppliers, thereby gobbling up a significant share in the Air spring components market.
North America and Europe Account for over 60% Air Spring Components Market Share
Despite the commercial vehicle sales being outnumbered by passenger car sales, lightweight commercial vehicles (LCVs) as well as heavy commercial vehicles (HCVs) are witnessing burgeoning demand in developed countries, which underscores incremental growth of Air spring components market in developed nations. With the ever-growing logistics & transportation industries in Europe and North America, the production and sales of commercial vehicles is likely to surge, triggering high demand for Air spring components in the upcoming years.
According to the American Trucking Association, the 71% percent of freight in the U.S. is moved by trucks, which generated US$ 738.9 billion in total freight revenues by transporting over 10 billion tons of freight in 2016. Increasing use of commercial vehicles in the U.S. logistics & transportation industry is creating high demand for Air spring components to enhance the ride quality of commercial vehicles and cargo safety.
Request for the Customization of the report: https://www.factmr.com/connectus/sample?flag=RC&rep_id=2314
The Fact.MR study opines that increasing production of high-quality Air spring components in developed nations will make Air spring components markets in North America and Europe the most lucrative for commercial vehicle air spring manufacturers and distributors in the upcoming years.
About Us
We are an insights-driven global market intelligence company with a unique purpose: enabling organizations make better decisions. We do this by creating an ecosystem where an eclectic cognitive collaboration between human imagination and data science leads to path breaking ideas.
Our vision is to foster a pervasive culture where critical business decisions are taken on the basis of facts rather than assumptions and perceptions.
Our mission is empowerment – empowerment of free-thought; empowerment of fact-based decisions; empowerment of decisive action.
For More Information Kindly Contact:
Suite 9884
27 Upper Pembroke Street,
Dublin 2, Ireland
Tel: +353-1-4434-232
Mail: sales@factmr.com
Read Blog: https://theheraldmedia.com/
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