Tire Cord Fabric (TCF) Market Size in Air Springs to Reach US$ 133 Million in 2026, Says S..

Stratview Research 30-07-21

Stratview Research announces the launch of a new research report on TCF Market in Air Springs by Platform Type (Light Vehicle, M&HCV, Train, and Others), by Air Spring Type (Rolling Lobe, Convoluted, and Others), by Material Type (Nylon 66, PET, and Nylon 6), by Fabric Type (Single End Cord and Tire Cord Fabric), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2021-2026.

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s TCF market in air spring realities and future market possibilities for the forecast period of 2021 to 2026. After continuous interest in our air springs market report from the industry stakeholders, we have tried to further accentuate our research scope to the TCF market in air springs to provide the most crystal-clear picture of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of low-hanging fruits available in the market as well as formulate growth strategies.

Tire Cord Fabric (TCF) Market in Air Springs: Highlights from the Report

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. Strong market fundamentals such as recovery in automotive production and the rolling stock market, increasing penetration of air springs in the emerging economies, and excellent properties of TCF are likely to drive the market to recover at a promising CAGR of 6.5% to reach US$ 133 million in 2026.

Click Here and Run Through the TOC of the Report: https://www.stratviewresearch.com/toc/1819/TCF-market-in-air-springs.html    

Based on the platform type, M&HCV is expected to remain the biggest demand generator for TCFs for air spring applications during the forecast period. 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, rolling lobe is expected to remain the largest segment of the market during the forecast period, 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, Nylon 66 is expected to remain the most preferred material type in the market during the forecast period. 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.

Enquire Here for a Free Sample of the Detailed Report: https://www.stratviewresearch.com/Request-Sample/1819/TCF-market-in-air-springs.html#form     

In terms of regions, Europe is expected to remain the largest market for TCFs in Air Springs 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.

Asia-Pacific is likely to regain its 2019-market level at the fastest rate, witnessing the highest growth during the same period. 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 market for TCF in air springs is moderately consolidated as the major companies hold a fair share of the market. 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. Key players in the TCF market in air springs are Grodno Azot OAO, Hyosung Advanced Materials, Indorama Corporation, Kordsa Technical Textile Co. Inc., Shenma Industry Co. Ltd., Wuxi Taiji Industry Co., Zhejiang Hailide New Material Co., Ltd.

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.

Report Features

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:

  • Market structure: Overview, industry life cycle analysis, supply chain analysis.
  • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
  • Market trend and forecast analysis.
  • Market segment trend and forecast.
  • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
  • Attractive market segments and associated growth opportunities.
  • Emerging trends.
  • Strategic growth opportunities for the existing and new players.
  • Key success factors.

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:

TCF Market in Air Springs: Size, Share & Forecast, by Platform Type

  • Light Vehicle: Trend and Forecast
  • M&HCV: Trend and Forecast
  • Train: Trend and Forecast
  • Others: Trend and Forecast

TCF Market in Air Springs: Size, Share & Forecast, by Air Spring Type

  • Rolling Lobe: Trend and Forecast
  • Convoluted: Trend and Forecast
  • Others: Trend and Forecast

TCF Market in Air Springs: Size, Share & Forecast, by Material Type

  • Nylon 66: Trend and Forecast
  • PET: Trend and Forecast
  • Nylon 6: Trend and Forecast

TCF Market in Air Springs: Size, Share & Forecast, by Fabric Type

  • Single-End Cord: Trend and Forecast
  • Tire Cord Fabric: Trend and Forecast

TCF Market in Air Springs: Size, Share & Forecast, by Region

  • North America (Country Analysis: The USA, Canada, and Mexico)
  • Europe (Country Analysis: Germany, the UK, Turkey, and Rest of Europe)
  • Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
  • Rest of the World (Country Analysis: Brazil, Argentina, and Others)

Didn't find what you were looking for?
Tell us about your requirements

(Our team usually responds within a few hours)