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Tire Cord Fabric (TCF) Market Size in Air Springs to Reach US$ 133 Million in 2026, Says Stratview Research
Air spring, the most important part of an air suspension system, consists of three major parts: air bellow, bead plate, and piston. The evolution of air springs began during the period of early 1900 when General Motors had built air suspension systems for trucks and airplanes. Since then, the market for air springs has witnessed an excellent journey in the wake of rapid changes in the industry and the growing adoption of air suspension systems in several vehicle types across regions. Now, many nations (both developed and developing ones) have mandated the use of air springs in commercial vehicles. After comprehending the benefits of air springs, the penetration of air suspension systems in the advanced economies has grown up tremendously with the developing nations following the suit.
TCF (Tire Cord Fabric) is a reinforcement fabric used in the bellows of an air spring to provide strength and stability to the rubber compound. It is majorly used as an inner and outer reinforcement layer of the bellow rubber to provide mechanical strength and help rubber to regain its actual shape after contraction or expansion. Polymeric textile fabrics, such as Nylon/Polyamide 66, Polyethylene Terephthalate (PET), and Nylon/Polyamide 6; are used for the reinforcement of the rubber compound to make air bellows.
The incessant growth in the demand for TCFs in air springs was halted by the falling production of automobiles in 2019. In 2020, the market stakeholders were expecting to regain its growth trajectory; however, the pandemic hit the industry hard, causing unimaginable disruption across the supply chain. As a result of that, the TCF market in air springs logged a massive decline of -11.5% in 2020, creating a lag of 4 years in the market.
The long-term outlook of the TCF market in air springs still looks favorable with an expected bounce back in the market from 2021 onwards. .
: https://www.stratviewresearch.com/toc/1819/TCF-market-in-air-springs.html
Based on the platform type, . High penetration of air springs in M&HCVs in Europe and North America in the wake of several stringent regulations, mandating the usage of air springs. Various benefits, such as lightweight, further trigger the use of air springs in the M&HCV segment.
Based on the air spring type, , because of its high usage in M&HCVs, especially in Europe and North America . However, dominance of the air spring type widely differs for the Asia-Pacific region due to differences in road conditions.
Based on the material type, . It is the most desirable material for high-performance air springs, owing to its heat resistance up to 180°C, good fatigue resistance, higher strength, and greater adhesion with rubber. Owing to their massive array of advantages, nylon 66 has gained a lead over competing materials in air spring applications.
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In terms of regions, during the forecast period. Germany , the UK, and Turkey are the growth engines of the European market with the presence of major air spring manufacturers, tier players, and raw material suppliers. Most of the air spring suppliers have their presence in the region to address the emergent needs of OEMs.
, . The fastest growth of Asia-Pacific is mainly attributable to the increasing penetration of air springs in the vehicles manufactured in countries like China and India . Also, several air spring manufacturers are planning to set up a manufacturing base in these countries to get the benefit of low-cost manufacturing.
The There is a high synergy between TCF for tire applications and air spring applications, creating room for players manufacturing TCFs for tire applications. Also, major players have successfully leaped ahead in the market by performing expansion and providing a wide variety of product portfolios.
The supply chain of this market comprises several nodes including raw material suppliers, TCF manufacturers, air spring manufacturers, and tier players.
Development of durable TCF for critical applications, expansion in untapped and growing markets, and execution of mergers & acquisitions are the key strategies adopted by the major players to gain a competitive edge in the market.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
This report studies the global TCF market in air springs and has segmented the market in five ways, keeping in mind the interest of all the stakeholders across the value chain. Following are the five ways in which the market is segmented:
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