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Air Springs Market Is Slated To Witness A Moderate 5% Growth Rate By 2030

The global air springs market will generate incremental revenue opportunities at an impressive 5% CAGR.

during the forecast period. An evolving world economy and developments in road infrastructure have ramped up production and sales of commercial vehicles across the globe, which is one of the leading growth engines for air springs components. Suspension of non-essential import/export to contain the spread of COVID-19 has limited the growth potential of the market during the first quarter of 2020. Market players are targeting demand from low impact countries such as Singapore, Indonesia and Australia.

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Key Takeaways of Air Springs Market

Global Air Springs Market: In-Depth Assessment on Key Segments

The global air springs market is segmented on the basis of product type, sales channel, application, forces and region.

Analyst Viewpoint

“Air springs for railways, trucks and buses has witnessed a marked proliferation over the years. Growing use of public transport vehicles in metropolitan cities, coupled with shifting preference of drivers and travelers for a smoother commute is set to remain the primary driver of market growth.”

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