Air Spring Components Market Highlighting Regional Revenue Share Dominance During 2018 to 2026
by Josephwalker · February 6 Cheap Indiana Pacers Hats , 2019
According to a new 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.
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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鈥?safety, comfort Cheap Indiana Pacers Hoodies , 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鈥?purchasing decisions. Thereby, modern automakers are focusing more on the use of high-quality Air spring components Cheap Indiana Pacers Shirts , which is majorly contributing to growth of the 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 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 Cheap Indiana Pacers Jerseys , thereby gobbling up a significant share in the Air spring components market.
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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 Cheap Bojan Bogdanovic Shirt , 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 Cheap T. J. Leaf Shirt , 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.
Furthermore, a majority of leading manufacturers of Air spring components are headquartered in Europe, especially in Germany. Leading players in the European Air spring components market continue to introduce innovative and technologically advanced Air spring components to leverage the growing demand for safer Cheap Thaddeus Young Shirt , comfortable, and cost-effective commercial vehicles in the region.
The 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. Confidence is an ability of a person when heshe is sure of being able to handle any situation that life may present before himher. Confidence is built over a period of time and the amount of confidence that you possess as an adult has its roots in your actions during your childhood. Kids who are growing up also encounter many situations and those that they are able to handle help them build their confidence. However, to complete the holistic confidence building of the kids Cheap Domantas Sabonis Shirt , we need to present them with real-life situations. Role play activities play an important role to this regard. These activities encourage kids to take cognizance of the situation, put themselves in it, think like how another person would and actspeakprovide solutions as the person they are impersonating. The steps to create perfect confidence building role playing activities are: 1. Identify the situation for e.g. think of a situation like setting up an emergency room in the hospital. 2. Provide the small details. For e.g. provide a bed Cheap Al Jefferson Shirt , first aid box, medicines and resources available with the doctor, escalation numbers etc. 3. Ass. Cheap Kids Nike Shoes Cheap Air Jordan Shoes Cheap Air Max Flyknit Cheap Nike Air Max 95 Cheap Air Max 90 Ultra Cheap Air Max Kids Air Jordan For Sale Air Max Clearance Cheap NFL Jerseys Cheap Nike NFL Jerseys