#Automotive Leaf Spring Aftermarket
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Exploring the Growth of the Automotive Leaf Spring Market
Key Highlights
The automotive leaf spring market was valued at USD 5,992.1 million in 2023, and it will rise to USD 8,252.1 million, powering at a 4.8% compound annual growth rate, by 2030.
The growth of this industry is because of the increasing requirement for commercial vehicles, coupled with the rising need for comfort while traveling or driving in them. The development of the e-commerce industry globally is likely to boost the need for light commercial automobiles, which would, in sequence, drive the demand for leaf springs worldwide.
Various e-commerce websites as well as postal services utilize heavy-duty automobiles, which impacts the automotive leaf spring industry directly. Robust and reliable vehicles that are lightweight are required for logistics applications. Leaf springs are suitable for delivery trucks and vans due to their large capacity and strong construction.
Because of the strict emission rules, fuel efficiency is the major emphasis for vehicle manufacturers as customers demand greener as well as more fuel-efficient automobiles.
They are in continuous demand due to the increasing acceptance of pickup trucks and SUVs, which are known for their towing and off-road capacities. The improvements in technologies are making them more rugged, cost-effective, and lighter than other vehicles.
Market Analysis
The metal category led the industry in 2023, with approximately 70% share. Because of their great strength, metals can withstand the loads and strains that automobiles—particularly trucks and SUVs—place on their leaf springs. Thus, they are ideal for applications that need strength and durability.
The parabolic category accounted for the largest share in 2023, of 40%, primarily because its curved figure evenly distributes the weight. This leads to more comfortable as well as smoother rides.
Because of the strict fuel economy rules, the weight reduction ability of the parabolic type makes it ideal for automotive manufacturers.
The commercial vehicles category was the largest contributor to the industry in 2023, with approximately 75% share, because of the high demand for durability and ruggedness in them.
For commercial vehicles, their overall price is the main reduction that leaf springs provide, while delivering greater durability and strength with improved fuel efficiency.
The original equipment manufacturers (OEMs) category led the industry in 2023, with approximately 80% share. This is because automobile manufacturers generally purchase leaf springs and various other components in bulk.
Due to their ability to negotiate large discounts with leaf spring providers, their costs per unit are lower compared to those of aftermarket sellers.
APAC accounted for the largest share in the industry in 2023, of approximately 50%. Moreover, the regional industry will also advance at the fastest rate, of 5.3%, in the years to come. This is because of the surging adoption of commercial vehicles by e-commerce firms and the large volume of vehicles manufactured in the region.
Since vehicles comprising leaf springs are manufactured cheaply, this price-sensitive region outperforms other regions.
The industry is competitive because of greater off-road capacity, strict government guidelines, and various applications of leaf springs. Players normally perform better in price-sensitive regions, which expands the possibility of technological advancements in this industry.
Source: P&S Intelligence
#Automotive Leaf Spring Market Share#Automotive Leaf Spring Market Size#Automotive Leaf Spring Market Growth#Automotive Leaf Spring Market Applications#Automotive Leaf Spring Market Trends
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Enhance Your Ride with Airbag Suspension Kit NZ and Apple Carplay Toyota from Kiwi Car Parts
In today's automotive world, customization and technology are key drivers of innovation and improvement. Whether you're looking to upgrade your vehicle's suspension system or integrate the latest in-car entertainment features, Kiwi Car Parts is here to help. In this comprehensive blog, we'll explore the benefits of Airbag Suspension Kit Nz and the convenience of Apple CarPlay for Toyota vehicles, both available at Kiwi Car Parts.
Airbag Suspension Kit NZ: Elevate Your Driving Experience
Driving in New Zealand's diverse terrain can present unique challenges, from rugged off-road trails to smooth city streets. An airbag suspension kit offers a versatile solution to enhance your vehicle's performance, comfort, and safety in any driving condition. Here's why you should consider installing an airbag suspension kit in your vehicle:
Improved Ride Quality: Airbag suspension systems provide a smoother and more comfortable ride compared to traditional coil or leaf spring setups. By adjusting the air pressure in the bags, you can customize the ride height and stiffness to suit your preferences and driving conditions.
Enhanced Towing and Hauling: Airbag suspension kits are ideal for vehicles used for towing or hauling heavy loads. By leveling the vehicle and reducing sagging, airbags help maintain proper alignment, stability, and braking performance, resulting in safer and more confident towing experiences.
Increased Ground Clearance: Off-road enthusiasts will appreciate the added ground clearance provided by airbag suspension kits. By raising the vehicle's ride height, airbags allow for greater clearance over obstacles such as rocks, roots, and uneven terrain, reducing the risk of damage to your vehicle's undercarriage.
Adjustable Performance: Airbag suspension systems offer adjustable performance to suit your driving needs and preferences. Whether you're cruising on the highway, navigating city streets, or tackling off-road trails, you can fine-tune the air pressure in the bags for optimal handling, stability, and comfort.
Easy Installation and Maintenance: Airbag suspension kits are designed for easy installation and maintenance, making them a convenient aftermarket upgrade for vehicle owners. With the right tools and instructions, you can install an airbag suspension kit in your vehicle in a matter of hours, allowing you to enjoy the benefits of improved performance and ride quality with minimal downtime.
Apple CarPlay Toyota: Seamlessly Integrate Your Smartphone
In today's connected world, staying connected while on the road is essential for safety, convenience, and entertainment. Apple CarPlay offers seamless integration between your iPhone and your Toyota vehicle's infotainment system, allowing you to access your favorite apps, music, messages, and more directly from the dashboard display. Here's why Apple CarPlay is a must-have feature for Toyota owners:
Enhanced Connectivity: Apple CarPlay provides seamless connectivity between your iPhone and your Toyota vehicle, allowing you to access your smartphone's features and functions directly from the touchscreen display. Whether you're making calls, sending messages, or using navigation apps, you can stay connected and productive while keeping your hands on the wheel and your eyes on the road.
Intuitive Interface: Apple CarPlay features an intuitive interface that's familiar to iPhone users, making it easy to navigate and use while driving. With large icons, simple menus, and voice recognition technology, you can access your favorite apps and features with minimal distraction, ensuring a safer and more enjoyable driving experience.
Access to Apps and Services: With Apple CarPlay, you can access a wide range of apps and services directly from your Toyota vehicle's infotainment system. Whether you're listening to music on Spotify, getting directions with Google Maps, or checking the weather with Siri, you can stay connected and entertained on the go without having to fumble with your phone.
Voice Control: Apple CarPlay offers convenient voice control functionality, allowing you to control your iPhone and access its features using simple voice commands. Whether you're making calls, sending texts, or changing music tracks, you can do it all without taking your hands off the wheel or your eyes off the road.
Safety and Convenience: Apple CarPlay enhances safety and convenience by minimizing distractions and keeping your focus on driving. With Siri voice control, hands-free calling, and intuitive navigation, you can stay connected and productive while staying safe on the road.
Why Choose Kiwi Car Parts?
Kiwi Car Parts is your premier destination for airbag suspension kits and Apple CarPlay Toyota integration in New Zealand. Here's why customers trust us for their automotive aftermarket needs:
Quality Products: We offer high-quality airbag suspension kits and Apple CarPlay systems from trusted brands, ensuring durability, performance, and reliability.
Expertise and Experience: Our team of automotive specialists has the knowledge and experience to help you find the right products for your vehicle and your needs. Whether you're looking for suspension upgrades or in-car entertainment solutions, we're here to help.
Customer Service Excellence: We're committed to providing exceptional customer service and support at every step of the purchasing process. From product selection and installation assistance to troubleshooting and after-sales support, we're here to ensure your satisfaction and peace of mind.
Convenient Online Shopping: With our easy-to-use website and secure online payment options, shopping for automotive aftermarket products has never been easier. Simply browse our selection, place your order, and enjoy fast and convenient delivery to your doorstep.
Conclusion
Whether you're looking to enhance your vehicle's performance with an airbag suspension kit or upgrade your Toyota's infotainment system with Apple CarPlay, Kiwi Car Parts has you covered. With our high-quality products, expert advice, and exceptional customer service, you can trust us to help you elevate your driving experience in New Zealand. Contact us today to learn more about our airbag suspension kits, Apple CarPlay Toyota integration, and other automotive aftermarket solutions.
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@mshspwr511 1968 Dodge Charger R/T Facts⤵️⤵️⤵️⤵️⤵️ Engine: 511ci wedge design based on factory RB block Bore x stroke: 4.375 (.055-inch over) x 4.25 Rotating assembly: Eagle crank, Eagle rods, Ross pistons, Total Seal rings ARP fasteners Compression: 10.43:0 Cylinder heads: aluminum Edelbrock RPM Performer Camshaft: Comp custom-grind solid roller, Intake 230/236 degrees duration at. 050-inch lift, .603-/.608-inch lift Valvetrain: Harland Sharpe 1.6 rockers, Manley valves, Manley springs, Manton pushrods Induction: Edelbrock low-profile dual-quad Fuel system: 2x4BBL Edelbrock Competition Series AFBs Exhaust: TTi headers, Dynomax Race Bullet mufflers Cooling: Mark 7 aluminum radiator with twin electric fans Fuel: 91-octane pump gas Output: 651 hp and 720 lb-ft torque Engine built by: Superior Automotive, Jennifer and John Galambos Best quarter-mile e.t.: 10.94/120 mph Transmission: 1968 A727 by Dave and Darren Smith of Pro Trans (manual reverse pattern valve body, custom Continental torque converter (3,400 rpm stall) Driveshaft: American Drive Lines shaft with 1350 U-Joints, Mark Williams yokes front and rear Rearend: Chrysler Dana 60 with Dutchman axles, 3.54 ratio, Auburn SureGrip. Front suspension: factory torsion bars, PST bushings, Calvert adjustable shocks Rear suspension: Caltracs mono-leaf springs with adjustable bars, Calvert adjustable shocks Front brakes: conversion to big-bearing—spindle 11.75-inch rotor with sliding caliper (circa 1978 Cordoba) Rear brakes: Wilwood disc layout, associated dual master cylinder Wheels: 15 x 7 Indy Slot Mags (front), 15 x 10 ET Fueler with custom backspace (rear, no mini tubs) Tires: BFG 235/60R15 (front), 325/50R15 Hoosier DOT drag radial (rear) Seats: Legendary replacement, black Instruments: Stewart-Warner aftermarket gauge set Shifter: B&M Pro Ratchet with T-handle top, console-mounted 🔋🔋🔋🔋🔋🔋🔋🔋🔋 #v8 #mopar #dodge #charger #challenger #plymouth #cuda #gtx #hotrod #classiccar #musclecar #rt #drag #race #street https://www.instagram.com/p/BnDBoC3jGzA/?utm_source=ig_tumblr_share&igshid=11zk5ohs3xoun
#v8#mopar#dodge#charger#challenger#plymouth#cuda#gtx#hotrod#classiccar#musclecar#rt#drag#race#street
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Call to arms mods
#Call to arms mods driver
In fact, the Super T’s only real limitation is long, steep hills-the gravity-fed fuel system doesn’t work over an eight percent grade. Shifted into one of the lower gears, the Super T easily made it up what can only be called a hiking or dirt-bike trail filled with loose boulders. Though bouncy, thanks to non-dampened leaf-spring suspension, its 21-inch wheels and impressive ground clearance make short work of a rutted-out, unmaintained fire road. It is mind-boggling how good the Super T is off-road. Unlike Bothwell’s first off-road excursion in Grandpa’s T, this one’s engine doesn’t use overhead valves, minimizing the potential need to make adjustments in the field. Even in 90-degree desert heat, the engine temperature barely registered on the radiator-mounted thermometer. With just a quick lesson, I was able to get comfortable driving the Super T without stalling, bogging, or breaking anything. Though the hand throttle lever on the right side of the steering wheel is somewhat clunky by today’s standards, in its time, you were likely the only car around for hours of driving it’s basically cruise control. It’s practical, reliable, and relatively comfortable in a variety of environments, from cobblestoned city streets to rutted, rocky dirt tracks. The Super T really leans into the spirit of American motoring: freedom to just go. I could even power out of the hairpins with an inner wheel smoking and spinning. The Super T cranks out about 40 hp, a healthy improvement over the stock 20 hp. It breathes through a Schebler carburetor and lubricates itself with a finned aluminum oil pan, transmission oil scoop, and external return line. The 2.9-liter four-cylinder engine is modified for power and durability, with a bigger cam, an aftermarket water pump, a flat-tube radiator, and a high-compression head featuring oversize valves. That’s 12 ratios, ranging from a high of about 60 mph on the freeway to a low crawl of about 1. But the additional floor-mount levers add capability: One controls the Warford three-speed transmission attached to the standard planetary drive unit, and the other controls a Ruxtell two-speed differential. There are two small controls on the wheel, a hand-brake lever, and the same three pedals the car left Detroit with a century ago. Size-12New Balances were the wrong choice. I crawl awkwardly into the Super T from the passenger’s side, over the aftermarket gear levers that now dominate the cabin, and settle in.
#Call to arms mods driver
Out here, there is no danger of being run over by a latte-sipping Tesla driver on a conference call. Here, we’re alone in the desert, like we might have been back then. The last time I tried was in Southern California traffic, which was terrifying. Controls weren’t standardized at the time, something you take for granted once you try to drive one. To say a Model T is not like a modern car would be a drastic understatement. In fact, if you own a real 1924 Bugatti Type 35 and need spare parts, Volkswagen’s Bugatti can’t help you. Professionally, Bothwell is the director of Pur Sang Argentina, a company building period-correct replicas of pre-war grand prix cars using, wherever possible, the exact methods and blueprints from the originals. John Bothwell has five Model Ts in his personal collection, along with a variety of other early cars, from Locomobiles to Rolls-Royces. Extensive catalogs, many of which still exist, showed you could customize your T to any specific need, style, or condition you might encounter. There were mechanical improvements, cosmetic tweaks, durability upgrades, and more. The Model T birthed the automotive aftermarket. Ford’s assembly-line construction changed the automotive industry forever, and the sheer ubiquity of the Model T meant millions of owners would take fixing its shortcomings into their own hands. But from the factory it was also too basic for many owners. There are no real brakes, no fuel pump, and only two forward gears. Most Model Ts are famously all black, saving on paint cost. To experience a Model T is to first learn where that money didn’t go. Clicking on an active bonus will queue you up for it.A Model T cost as little as $260, or about $7850 in today’s money-90 percent less than a European sports car. Once the queue has ended, they will disappear. Dungeons with active bonuses will display in a list beneath the draggable header frame. Call to Arms will display active bonus queues in a compact and lightweight fashion.
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Leaf spring isolator pads
#Leaf spring isolator pads how to
As with many first-year vehicles, not all the bugs had been worked out of the platform, and the Camaro had rear suspension problems. You can use the social sharing buttons to the left, or copy and paste the website link: īy 1967, Chevrolet had introduced the Camaro, and the Bow Tie group finally had a vehicle to compete for a share of the “pony” car market. SHARE THIS ARTICLE: Please feel free to share this post on Facebook / Twitter / Google+ or any automotive Forums or blogs you read. For a comprehensive guide on this entire subject you can visit this link: LEARN MORE ABOUT THIS BOOK HERE
#Leaf spring isolator pads how to
This Tech Tip is From the Full Book “ HOW TO RESTORE YOUR CAMARO 1967-1969“. There are a plethora of aftermarket as well as OEM multi-leaf spring upgrades that make performance far better than the original setup and do not adversely affect the value of a street-driven car. Safety is paramount when it comes to driving any car, and therefore the mono-leaf springs should be replaced unless you’re restoring the Camaro back to factory original equipment. Rather, the springs coil up and unload, causing severe wheel-hop and unsafe handling characteristics. The Camaro rear suspension is a weak point of the 19, as we’ll explain little later on, but suffice it to say that the original monoleaf rear springs and rear suspension setup does not provide adequate control and performance, particularly for a V-8-powered Camaro.
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Automotive Leaf Spring After Market Study 2022: An Emerging Hint of Business Opportunity and Trend Forecast to 2027
Stratview Research, a global market research firm announces the release of the report titled – Automotive Leaf Spring After Market which provides an in-depth analysis of the market dynamics, current and emerging trends, industry forecast, and competitive landscape.
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According to this report, the global Automotive Leaf Spring After Market is estimated to growth at a healthy CAGR of 5% by 2027.
Market Segments Analysis
The market researchers have studied the Automotive Leaf Spring After Market minutely for better understanding. The report consists of segment-wise details to assist the users in making suitable decisions for better growth opportunities. Below is the short piece of information -
Key Players
• Dongfeng Motor Suspension Spring Co., Ltd.
• Emco Industries
• FAW Group Corporation
• Hendrickson International
• Jamna Auto Industries
• NHK Springs Co., Ltd.
• Rassini
Growth drivers and Market Value:
This report, from Stratview Research, studies the Automotive Leaf spring aftermarket value and growth drivers over the trend period of 2019-24. According to the report -
Leaf spring is one of the oldest suspension components and is still being preferred in most of the LCVs and MHCVs. The automotive industry has witnessed a remarkable transition in the leaf spring technology, material, style, design, etc. over a period of time. There are countless styles of leaf-spring suspension available worldwide featuring different mounting points, shapes, and sizes. Leaf spring has to be replaced frequently, generally in 9-12 months, due to the damages like sag, break, and crack, caused by several factors including uneven road and excess load on the vehicle.
Segment Analysis:
Based on by Vehicle Type:
The leaf spring aftermarket is segmented based on the vehicle type as Passenger Car, LCV, M&HCV, and Other Vehicles. M&HCV is expected to remain the growth engine of the aftermarket during the forecast period owing to a higher penetration of leaf springs in the segment. Also, there is a frequent replacement of leaf springs in M&HCV due to higher loads carried by the vehicle.
Based on Regional:
In terms of region, Asia-Pacific is expected to remain the largest leaf spring aftermarket with an impressive CAGR during the forecast period. An increased vehicle production and growing fleet size would drive the demand for leaf springs in the region over the next five years. China and India are the growth engines of the Asia-Pacific’s aftermarket for leaf springs.
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What else are available in this report?
The answer lies in the TOC and other details. Take a sneak-peek into the TOCs of this report.
Report Scope
Report Objectives
Research Methodology
Market Segmentation
Secondary Research
Primary Research
Breakdown of Primary Interviews by Region, Designation, and Value Chain
Data Analysis and Triangulation
Custom Research:
Stratview research delivers custom research services across the sectors. In case of any custom research requirements, please send your inquiry to [email protected]. Or connect with our experts at +1-313-307-4176.
About Us Stratview Research is a global market research firm, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with insightful market data to aid strategic decision making. These exclusive reports are the result of exclusive research methodology and are available for key industries such as chemicals, composites, advanced materials, technology, renewable energy, and more.
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Global Height Control Valve (HCV) Suspension System Market Trends and Key Drivers, Analysis with Top Countries Data | Forecast by 2028
Market Analysis and Insights:- Global Height Control Valve (HCV) Suspension System Market
Global Height Control Valve (HCV) Suspension System Market, By Type (Leaf Spring, Equalizer Beam, Torsion Bar, Air Spring), Sales Channel (Original Equipment Manufacturers (OEMs), Aftermarket), Vehicle Type (Trucks, Buses and Coaches, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Height Control Valve (HCV) Suspension System Market
Height control valve (HCV) suspension system market is expected to reach USD 71,950.24 million by 2028 witnessing market growth at a rate of 3.80% in the forecast period of 2021 to 2028. Data Bridge Market Research report on height control valve (HCV) suspension system market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth.
The suspension system in a heavy commercial vehicle has various applications. It is primarily used when driving on smooth highways as well as over rugged terrain to stabilise vehicles. In addition, it cushions the frame against shocks and helps the driver to steer the truck. HCV suspension systems, including leaf spring, equaliser beam, torsion bar and air spring, are of different styles. Manufactures of HCV suspension systems are focusing on designing lightweight suspension systems that have improved performance characteristics and low maintainability.
Increasing usages of the product for public transportation system, rising preferences of the people towards the usages of high quality suspension system in the vehicles, rapid urbanization along with rising number of intercontinental trade, prevalence of favourable regulations and surging levels of investment for the development of advanced infrastructure, rise in concerns regarding safety and comfort in vehicles, increase in sale of automobiles are some of the major as well as vital factors which will likely to augment the growth of the height control valve (HCV) suspension system market in the projected timeframe of 2021-2028. On the other hand, rising usage of lightweight materials in suspension system along with increasing demand for regenerative suspension system for electric and hybrid vehicles which will further contribute by generating massive opportunities that will lead to the growth of the height control valve (HCV) suspension system market in the above mentioned projected timeframe.
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This height control valve (HCV) suspension system market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on height control valve (HCV) suspension system market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Height Control Valve (HCV) Suspension System Market Scope and Market Size
Height control valve (HCV) suspension system market is segmented on the basis of type, sales channel and vehicle type. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
Height control valve (HCV) suspension system market on the basis of type has been segmented as leaf spring, equalizer beam, torsion bar, and air spring.
Based on sales channel, the height control valve (HCV) suspension system market has been segmented into original equipment manufacturers (OEMs), and aftermarket.
Height control valve (HCV) suspension system has also been segmented on the basis of vehicle type into trucks, buses and coaches and others.
Height Control Valve (HCV) Suspension System Market Country Level Analysis
Height control valve (HCV) suspension system market is analysed and market size, volume information is provided by country, type, sales channel and vehicle type as referenced above.
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The countries covered in the height control valve (HCV) suspension system market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America will dominate the height control valve (HCV) suspension system market due to the increasing demand for improved suspension systems for use in public transport along with rising need for improving the public transport system while Asia-Pacific region will expect to grow in the height control valve (HCV) suspension system market during the forecast period of 2021-2028 due to the rising adopting regenerative suspensions in buses and trucks to improve the efficiency of the entire system along with prevalence of various manufacturers in the region.
Competitive Landscape and Height Control Valve (HCV) Suspension System Market Share Analysis
Global Height control valve (HCV) suspension system market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to height control valve (HCV) suspension system market.
The major players covered in the height control valve (HCV) suspension system market report are GUANGZHOU GUOMAT AIR SPRING CO. , LTD; ContiTech AG; Firestone Industrial Products Company, LLC; Vibracoustic AG.; Navistar, Inc.; City of Phoenix; Meklas; PEGA OTOMOTIV SUSPANSIYON SAN.ve TIC.A.S.; SABOHEMA Automotive Pvt. Ltd.; Turctech; Fabio Air Suspension Systems and Spare Parts Industry.; SAMCO Autotechnik GmbH; ADELTECH; Schaeffler AG; ZF Friedrichshafen AG; thyssenkrupp AG; Marelli Europe S.p.A.; Tenneco Inc.; KYB Corporation.; BENTELER International; among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Height Control Valve (HCV) Suspension System Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.
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Automotive Leaf Spring Market 2020 | Global Industry Analysis, Segments, Top Key Players, Drivers and Trends by 2025
Drivers and Restraints
The increase in demand for light commercial vehicles and the need for vehicle comfort and safety are the primary drivers of the global automotive leaf spring market during the forecast period. Moreover, the rise in the adoption of lightweight components to decrease vehicle weight is projected to increase the need for composite automotive leaf springs over the review period. On the other hand, automotive leaf springs are primarily traded from the low-cost manufacturing hubs such as Mexico and China to the higher consumption zones such as the US and Germany. therefore, the uncertainty and change in the trade policies are expected to hinder the demand for automotive leaf spring in the emerging economies in the global market during the forecast period.
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Segmental Analysis
The global market for cloud video streaming is segmented, by Type into Parabolic, Elliptic, Semi-Elliptic, and Others.
by Material, the global cloud video streaming market is bifurcated into Metal and Composite.
by Sales Channel, the global cloud video streaming market is bifurcated into OEM and Aftermarket.
by Vehicle Type, the global cloud video streaming market is bifurcated into Passenger Car and Commercial Vehicle.
Regional Analysis
The geographical analysis of the global automotive leaf spring market has been conducted in four major regions, namely the Asia Pacific, North America, Europe, and the rest of the world (including Latin America and the Middle East and Africa.)
Asia-Pacific is expected to hold the maximum market share in terms of value and volume during the assessment period due to the presence of China, India, Japan, and South Korea. China has the maximum production and consumption of commercial vehicles. This improved the demand for automotive leaf springs and other components in China and other neighboring nations. Asia-Pacific has the top manufacturing and export of automotive leaf spring systems. North America is poised to hold the second-largest market share of the global automotive leaf spring market regarding the value and volume owing to the demand and sales of commercial vehicles. The fast growth of the e-commerce industry in the US and Canada is projected to improve the market for light commercial vehicles to guarantee the timely delivery of the products across the region. This is poised to lead the need for automotive leaf springs in the OEM and aftermarket during the review period. Europe's automotive leaf spring market is expected to observe growth due to the presence of various developed nations and their patterns of deploying composite automotive leaf springs. Furthermore, the stringent government regulations to meet the safety and comfort standards are projected to raise the sales and demand of automotive leaf springs concerning the value and volume during the forecast period.
Competitive Analysis
The market players operating in the market for automotive leaf spring systems, as identified by MRFR in the global market are Sogefi SpA (Italy), LITEFLEX (US), Rassini (Mexico), IFC Composite GmbH (Germany), Hendrickson USA, L.L.C. (US), Jamna Auto Industries (India), Emco Industries(India), Benteler-SGL (Austria), and NHK Springs Co. Ltd (Japan), OlgunCelik San. Tic. A.S. (Turkey), among others.
The global market for automotive leaf spring systems has a highly competitive scenario. The leading market players are expected to contribute significantly towards the automotive leaf spring market growth over the review period. The market is also expected to witness the rise of numerous entrants in the foreseeable future. Increasing research and development activities towards advanced technology integration along with strategic business tactics such as product development, mergers, acquisitions, partnerships, and joint ventures, to sustain the competitive dynamics.
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Key Questions Addressed by the Report
What was the historic market size?
Which segmentation (Product/ Capacity) is driving market?
What will be the growth rate?
How are the key players in this market?
What are the strategies adopted by key players?
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY
2 SCOPE OF THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.1 DEFINITION
2.2.2 RESEARCH OBJECTIVE
2.2.3 ASSUMPTIONS
2.2.4 LIMITATIONS
2.3 RESEARCH PROCESS
2.3.1 PRIMARY RESEARCH
2.3.2 SECONDARY RESEARCH
2.4 MARKET SIZE ESTIMATION
2.5 FORECAST MODEL
3 MARKET LANDSCAPE
3.1.1 THREAT OF NEW ENTRANTS
3.1.2 BARGAINING POWER OF BUYERS
3.1.3 THREAT OF SUBSTITUTES
3.1.4 SEGMENT RIVALRY
3.1.5 BARGAINING POWER OF BUYERS
3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS
4 MARKET DYNAMICS
4.1 INTRODUCTION
4.2 MARKET DRIVERS
4.3 MARKET RESTRAINTS
4.4 MARKET OPPORTUNITIES
4.5 MARKET TRENDS
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Automotive Suspension Market Outlook, Competitive Landscape And Forecasts To 2027
Market Analysis and Insights: Global Automotive Suspension Market
Automotive Suspension Market will reach an estimated valuation of USD 74.99 billion by 2027, while registering this growth at a rate of 4.37% for the forecast period of 2020 to 2027. Automotive suspension market report analyses the growth, which is currently being owed to the focus of accelerating demand for safe and comfort ride quality.
Automotive suspension is the mechanism of two adjoins part or gears in a vehicle or locomotive irrespective of size and dimensions. The suspension system can attribute to the various types namely springs, tire air, system of tires. It is a process of shock absorption between the locative and the surface on which the machine is riding or operating, which comprehends the relative motion of both, wheels and shock absorbers. The sole purpose of the automotive suspension system is to reduce the discomfort and exertions against the odds.
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The surging demand of automotive suspension is owed to the car and automobiles industry. Advancement of the same has propelled the mammoth requirement of better automotive suspension system. The development is backed by the inclining trend of independent suspensions over the dependent suspensions. Subtle the riding quality and comfort automotive suspension market has taken this mentioned growth factor. Due to technological ear of advancement electromagnetically actuated active suspension and regenerative suspension system are defining the recent proportion of success scale. This growth meter is followed by the uplifted demand of safe and comfort ride in heavy commercial vehicles by excessive demand of air suspension. These features are expected to cater a potential strategic market growth for automotive suspension market in the forecasted time frame of 2020 to 2027.
To maintain the equilibrium of market few of the restraints will act as a curbing factor, which are as follows. Dearth for standardizing independent suspension system will hamper the market growth. Huge maintenance and expensive cost input.
This automotive suspension market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growth, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on automotive suspension market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
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Global Automotive Suspension Market Scope and Market Size
Automotive suspension market is segmented on the basis of architecture, geometry, system, actuation, OE market component, after market component, vehicle type and electric and hybrid vehicle type. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
On the basis of architecture, the automotive suspension market is segmented as Macpherson strut, double wishbone, multilink suspension, twist beam/torsion beam suspension, leaf spring suspension, and air suspension.
On the basis of geometry, the automotive suspension market is fragmented as dependent, semi-independent.
On the basis of system, the automotive suspension market is bifurcated as passive suspension, semi-active suspension, and active suspension.
On the basis of actuation, the automotive suspension market is divided into hydraulically actuated active suspension, electronically actuated active suspension.
On the basis of OE market component, the automotive suspension market is segmented as coil spring, leaf spring, air spring, shock absorber, control arm, rubber bushing, link stabilizer/sway bar, ball joint, strut.
On the basis of aftermarket component, the automotive suspension market is bifurcated as shock absorber, strut, ball joint, leaf spring, control arm, and coil spring.
On the basis of vehicle type, the automotive suspension market is divided into passenger car, light commercial vehicle (LCV), truck, bus, and two wheeler.
On the basis of electric & hybrid by vehicle type, the automotive suspension market is fragmented into battery electric vehicle (BEV), hybrid electric vehicle (HEV), plug-in hybrid electric vehicle (PHEV), and fuel cell electric vehicle (FCEV).
Automotive Suspension Market Country Level Analysis
Automotive suspension market is analysed and market size, volume information is provided by country, architecture, geometry, system, actuation, OE market component, after market component, vehicle type and electric and hybrid vehicle type as referenced above.
The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
In current scenarios Asia-Pacific (APAC) is gaining the potential growth scope for automotive suspension market. Owed to the rising population and developing economies of this region will contribute to the highest growth of the market, this advancement will be followed by the Europe with increment in the requirement of commercial vehicles and improving cars and cab facilities for locals.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
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Competitive Landscape and Automotive Suspension Market Share Analysis
Automotive suspension market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to automotive suspension market.
The major players covered in the automotive suspension market report are KYB Americas Corporation, Hendrickson USA, L.L.C, ANAND Group, FOX Factory, Inc., BWI Group, Tenneco Inc, Continental AG, Parker Hannifin Corp, Sogefi SpA, HYUNDAI MOBIS, ZF Friedrichshafen AG, Hendrickson USA, L.L.C, Hitachi Automotive Systems Americas, Inc, and Magnetic Marelli S.p.A among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available: Global Automotive Suspension Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.
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The Economic Impact of Coronavirus on Automotive Leaf Spring After Market Industry Analysis 2027
The market report on the Automotive Leaf Spring After Market shows lucrative growth opportunities in the Automotive Leaf Spring After industry during the next five-year period and ensures more information regarding the market trends. The following detail is the summary of extensive market research conducted by researchers at Stratview Research, a market research firm.
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The present report will give an overview of the challenges, dynamics, growth factors, and key market players in the Automotive Leaf Spring After Market.
Automotive Leaf Spring After Market Forecast:
The Automotive Leaf Spring After Market is forecasted to grow at a rate of 4.7% CAGR during the period of 2022-2027. The Market will be experiencing an escalation in demand attributed to the growing usage of Automotive Leaf Spring After in the market.
The Automotive Leaf Spring After Market growth depends upon several factors which have direct or indirect influence on the demand. The report published by Stratview Research has the summary of such factors derived using several market analysis methods including but not limited to supply chain analysis. These methods help in analysing the strength of the companies and identify gaps as well as opportunities to lay out a successful roadmap which leads to higher profitability.
Key Players in the Automotive Leaf Spring After Market
Here are the top linchpins in the market
• Dongfeng Motor Suspension Spring Co., Ltd.
• Emco Industries
• FAW Group Corporation
• Hendrickson International
• Jamna Auto Industries
• NHK Springs Co., Ltd.
• Rassini
Growth drivers and Market Value:
This report, from Stratview Research, studies the Automotive Leaf spring aftermarket value and growth drivers over the trend period of 2019-24. According to the report -
Leaf spring is one of the oldest suspension components and is still being preferred in most of the LCVs and MHCVs. The automotive industry has witnessed a remarkable transition in the leaf spring technology, material, style, design, etc. over a period of time. There are countless styles of leaf-spring suspension available worldwide featuring different mounting points, shapes, and sizes. Leaf spring has to be replaced frequently, generally in 9-12 months, due to the damages like sag, break, and crack, caused by several factors including uneven road and excess load on the vehicle.
Segment Analysis:
Based on by Vehicle Type:
The leaf spring aftermarket is segmented based on the vehicle type as Passenger Car, LCV, M&HCV, and Other Vehicles. M&HCV is expected to remain the growth engine of the aftermarket during the forecast period owing to a higher penetration of leaf springs in the segment. Also, there is a frequent replacement of leaf springs in M&HCV due to higher loads carried by the vehicle.
Based on Regional:
In terms of region, Asia-Pacific is expected to remain the largest leaf spring aftermarket with an impressive CAGR during the forecast period. An increased vehicle production and growing fleet size would drive the demand for leaf springs in the region over the next five years. China and India are the growth engines of the Asia-Pacific’s aftermarket for leaf springs.
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Automotive Leaf Spring After Market Segmentation:
The report segments based upon demographics, geographics, benefits and volume etc, have different driving factors and classifies the most-attractive segments and sub-segments. The segmentation has been done in such a way that it will not only help the users to be more efficient in terms of time, money and other resources but also allows companies to learn about their target audience so that they can tailor campaigns and increase market share and revenue.
COVID-19 IMPACT Analysis on the Automotive Leaf Spring After Market
The Covid-19 pandemic has influenced every one of the organizations, little or large, dealing in any sector. Our market analysts monitoring the situation across the globe explain that the market will generate productive possibilities for manufacturers post COVID-19 crisis. The report aims to provide a further illustration of the present scenario, economic slowdown, and COVID-19 impact on the overall industry.
Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected] or call us at +1-313-307-4176.
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Suspension Components
When most people think of automotive performance, they think of power, the need for speed, the roaring sound of the engine, and how fast the vehicle will go from zero to 60 miles per hour. However, all this power and speed is useless if the driver is unable to control the vehicle and is not comfortable while driving. Therefore, the automotive suspension is a crucial vehicle system.
Introduction:
The suspension system is basically the series of parts that support the vehicle as it moves on the road. These are components that give your vehicle the ability to make turns as you rotate the steering wheel and to absorb shocks when you drive over bumps or potholes.
In modern-day vehicles, there are literally hundreds of parts that made up the suspension system. But here, we’ll go over the most important car suspension parts and their functions.
If one of these components were to malfunction, then it would cause problems for the driveability, comfort, and safety of your vehicle.
Function:
The primary functions of the suspension system include maximizing the contact between the tires and the road surface, providing steering stability and good handling, evenly supporting the weight of the vehicle (including the frame, engine, and body), and ensuring the comfort of passengers by absorbing and dampening shock. Your vehicle’s suspension the system works hard to withstand a considerable amount of stress compared to other major vehicle systems.
Types of Suspension components:
There are three basic types of suspension components:
1. Linkages:
The linkages are the bars and brackets that support the wheels, springs and shock absorbers.
Types of Linkages
Straight bars
Forged
Cast
Stamped metal shapes
2.Springs:
Springs cushion the vehicle by dampening shock loads from bumps and holes in the road.
Types of Springs
Coil
Leaf
Torsion Bar
3.Shock absorbers:
Shock absorbers use hydraulic pistons and cylinders to cushion also the vehicle from shock loads. They also serve to dampen spring oscillations, thus bring the vehicle back to a neutral position soon after being shock loaded by a road obstruction.
Types of Shock absorbers
Twin-tube.
Mono-tube
Gas-filled mono-tube
External reservoir
Benefits of Suspension Components
Aftermarket suspension components offer several driving and safety benefits.
Those benefits include:
Vehicle Responsiveness
Improved Braking
Freedom to Customize
Importance of Suspension components
Control spring and suspension movement
Provide consistent handling and braking
Prevent premature tire wear
Help keep the tires in contact with the road
Maintain dynamic wheel alignment
Control vehicle bounce, roll, sway, drive, and acceleration squat
Reduce wear on other vehicle systems
Promote even and balanced tire and brake wear
Why Vishwakarma Group?
We possess state-of-the-art-technology and hi-tech machines, which yield excellent results and ensure the efficiency and quality of products. Our company comprised of their own sophisticated plant to manufacture high quality with an ever-increasing annual turnover. Our Research and development department is making indefatigable efforts to meet the engineering innovative products.
We are renowned for supplying competitively priced suspension components etc with guaranteed delivery dates.
Features of our components
• High dimension stability
• High resistance
• High strength
• High Quality
Conclusion
So, the suspension is just one of the major systems in any vehicle. Suspension parts include springs, dampers, and anti-sway bars. Learn about suspension parts, from leaf springs to torsion bars, and how sprung and unsprung mass work.
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Global Suspension Spring (Only aftermarket) Market Research Insights 2019- 2024- Lesjofors, King Springs, etc.
The Global Suspension Spring (Only aftermarket) Market Report 2019 aims to deliver an explicit evaluation of the market. The report offers sweeping insights extracted by thoroughly analyzing historical and current developments in the market. It also provides par excellence futuristic estimations for various vital factors including Suspension Spring (Only aftermarket) market size, share, net profit, sales, revenue, and growth rate. The market competition by top manufacturers/players, with sales volume, price (USD/Unit), revenue (Million USD) and market share for each manufacturer/player The report covers the market study and projection of Suspension Spring (Only aftermarket) market on a territorial along with worldwide point . The report establishes subjective and quantitative valuation by industry examiners, direct information, help from industry specialists alongside their latest verbatim and every industry producers through the market value chain. The examination specialists have also evaluated the by and large sales and income creation of this specific market. Moreover, this report additionally conveys broad examination of basic market drift, many key essentials while overseeing macro-economic indicators, combined with market enhancements according to each section. Get more information, Ask for Free Sample Copy of this Report@ https://www.acquiremarketresearch.com/sample-request/58411/ Some of the most prominent Key Vendors: Lesjofors, King Springs, Duer/Carolina, Coil Spring Specialties, H&R, APEX Automotive, Progressive Suspension, Betts Spring, Kilen, Mubea, MW Industries Inc., Dendoff Springs, Bellamy & East, Springcoil, HSW-Zaklad Sprezynownia, Hendrickson, NHK Applications Segment Analysis: Car, Motorcycle, ATV/Snowmobile, Others Product Segment Analysis: Coil Spring, Air Spring, Leaf Spring Regions covered in the market report: North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia etc.), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa) Key questions answered in this report • What will the market size be in 2024 and what will the growth rate be? • What are the key market trends? • What is driving this market? • What are the challenges to Suspension Spring (Only aftermarket) market growth? • Who are the key vendors in this market space? • What are the Suspension Spring (Only aftermarket) market opportunities and threats faced by the key vendors? • What are the strengths and weaknesses of the key vendors? For detailed information regarding Suspension Spring (Only aftermarket) market, Contact Us: https://www.acquiremarketresearch.com/industry-reports/suspension-spring-only-aftermarket/58411/ Reasons to Purchase this Report • Analyzing outlook of the Suspension Spring (Only aftermarket) market with the recent trends and Porter’s five forces analysis • Market dynamics which essentially consider the factors, which are impelling the present market scenario, along with growth opportunities of the market in the years to come • Market segmentation analysis, including qualitative and quantitative research incorporating the impact of economic and non-economic aspects • Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the Suspension Spring (Only aftermarket) market • Competitive landscape involving the market share of major players, along with the key strategies adopted for development in the past five years • Comprehensive company profiles covering the product offerings, key financial information, Our experts and analysts evaluate the vendors in the Suspension Spring (Only aftermarket) market and provide understandings to articulate current and future market trends, innovation, customer expectations and competitive forces. The overviews, SWOT analysis and strategies of each vendor in the market provide understanding about the Suspension Spring (Only aftermarket) market forces and how those can be oppressed to create future opportunities.
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Automotive Leaf Spring Market Innovations & Competitive Analysis – Forecast
A newly compiled business intelligence study by Transparency Market Research (TMR) notifies that the global automotive leaf spring market is prospering, and has project the demand to expand at a notable CAGR of 6.1% during the forecast period of 2017 to 2025. The lead analyst of the report states that while the automotive industry has been consistently touching new peaks in the past couple of decades on the back of increasing disposable income of urban populations, suspension units are essential for load capacity of the vehicles as well as for safety and comfort for passengers. Presently, a moderately consolidated competitive landscape has been detected by the TMR report in the global automotive leaf spring market, wherein a handful of players accounted for a prominent chunk of shares as of 2017. Rassini, Hendrickson USA, L.L.C., Dongfeng Motors, Sogefi SpA, Jamna Auto Industries, Emco Industries, LITEFLEX, NHK Springs Co. Ltd., Mubea, SGL Group, IFC Composite, Frauenthal Group, Olgun Çelik San., Jonas Woodhead & Sons India Ltd., Auto Steels, Kumar Steels, MackSprings, Protopower Springs Pvt. Ltd., Vikrant Auto Suspensions, Akar Tools Limited India have been identified as some of the key companies in this market.
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Global Automotive Leaf Spring Market to be worth US$7,631.1 mn by 2025
If the estimations of the TMR report are to be believed, the opportunities in the global automotive leaf spring market will translate into a revenue of US$7,631.1 mn by the end of 2025, substantially more than the market’s evaluated worth of US$4,767.3 mn in 2017. Going forward, the analysts have anticipated that the players will be concentrating on the development of new products as well as expansion of their capacity by the means of mergers and acquisitions. Based on the type of end, the market has been segmented into double end leaf spring and open end leaf spring. On the basis of shape, the market has been bifurcated into parabolic and elliptical, which is further divided into semi elliptical and transverse. Sales channel segmentation of the market has been done into original equipment manufacturers (OEMs) and aftermarket. Vehicle type classification of the market has been done into passenger vehicle and commercial vehicle. Geographically, Asia Pacific has been highlighted as the most profitable region by a long margin, followed by North America.
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Torsion Axle Market Forecast Period 2016 - 2022
The COVID-19 pandemic has caused supply and manufacturing disruptions in the automotive sector creating uncertainties in every aspect. The change in customer behavior in terms of mobility preferences during this crisis is changing the automotive landscape.
This pandemic situation has shut down many production lines owing to the trade restrictions and closed borders, creating a shortage in required parts and limiting the distribution of supplies. Different enforced measures including the closing of workspaces and dismissal of short-time workers have created a depression in the growth rate of the automotive industry.
The growing fear of recession is estimated to decrease overall sales and revenue. A limited supply of parts coupled with a reduced workforce has forced the leading OEMs to shut down their production. A significant drop in demand has restricted the cash inflow which is highly important in payment of salaries to the workforce. With growing uncertainties around the COVID-19 pandemic, the industry leaders are taking measures to adapt to the situation.
Torsion Axle: Introduction
Torsion axle is a kind of utility trailer axle used for providing suspension in vehicles. It is directly linked to the frame of the trailer in order to offer improved suspension. A torsion axle primarily consists of a rubber cartridge, spindle arm, and busing for support. This cartridge provides better angular compliance, dampening effect, and smoother ride. Torsion axles are installed in almost all the vehicles, including passenger cars and commercial vehicles, and they are eliminating the need for leaf springs in axles.
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Torsion Axle: Market Dynamics
In the current scenario, both spring axle and torsion axles are being used aggressively, however, in the gradual time periods, the torsion axle is predicted to replace demand of spring axle owing to better technical properties. For instance, the rubber construction of the torsion axle delivers better resistance to vibrations thus increasing the durability and life expectancy of the axle. Thus, the global torsion axle market is estimated to have healthy growth during the forecast period.
In the last fiscal year, the commercial vehicles sector has developed to a sound extent than it was a decade ago, which in turn, has fueled the demand for trailer and axle products. The suspension system is an elementary part of any vehicle that plays a crucial role in a safe and comfortable driving experience. The global torsion axle market is expected to follow the trend of suspension systems and the automotive industry, henceforth, the said market is estimated to have an average year over year and profitable growth over the forecast period.
Primarily, the changing logistics landscape, i.e. emerging e-commerce industry and rising dependence of export and import on commercial vehicles, is stipulated to turn up the unit sales of commercial vehicles thereby increasing the segment share in the global torsion axle market over the projected period. Moreover, new market entrants are entering the transport industry with better business models such as electrification of commercial vehicles thereby increasing the volume sales of vehicles hence driving the demand for torsion axle. Additionally, the increasing concern toward fuel economy and zero emission is expected to contribute towards the growth of the torsion axle market significantly.
Conversely, the lack of implementation of standard regulations regarding suspension systems and the growing procurement of counterfeit products in the aftermarket, especially in developing and under developed countries, to curtail the growth of the torsion axle market.
Torsion Axle: Market Segmentation
On the basis of capacity, the global Torsion Axle market can be segmented into the following,
Below 1,000 lbs
Between 1,000 to 4,000 lbs
Between 4,000 to 8,000 lbs
Between 8,000 to 12,000 lbs
Above 12,000 lbs
On the basis of vehicle type, the global torsion axle market can be segmented into the following,
Passenger Cars Torsion Axle
Light Commercial Vehicles Torsion Axle
Heavy Commercial Vehicles Torsion Axle
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On the basis of sales channel, the global torsion axle market can be segmented into the following,
OEMs
Aftersales
Torsion Axle: Regional Market Outlook
China being the spotlight of the automotive industry in both the OEMs and aftermarket sales channel is expected to hold a lion’s share in the global torsion axle market. The country is forecasted to create substantial opportunities for the commercial vehicle segment. The torsion axle market in the Americas and Europe is predominantly driven by its huge commercial vehicle PARC. China, India, Brazil, and Russia are expected to be the emerging countries in the torsion axle market.
Torsion Axle: Market Key Players
The global torsion axle market is estimated to be significantly fragmented owing to the huge presence of local manufacturers. Some of the major participants operating in the global torsion axle market include the following players:
AXF
The Universal Group, LLC
Knott Brake
HSI Duratek
Rockwell American
TIKI TREILER
The Torsion Axle research report presents a comprehensive assessment of the Torsion Axle market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The Torsion Axle research report provides analysis and information according to market segments, such as geographies, application, and industry.
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Persistence Market Research’s proactive approach identifies early innovation opportunities for clients in the global automotive sector. Our insights on next-generation automotive technologies such as connected cars, automotive emissions control, vehicle-to-vehicle (V2V), autonomous cars, electric and hybrid vehicles, and augmented reality dashboards ensure clients stay at the forefront of innovation.
Our competencies go beyond regular market research to deliver tailored solutions in an industry marked with increasing environment regulations, evolving consumer preferences, and a shifting landscape of emerging markets.
Report Highlights:
Shifting Industry dynamics
In-depth market segmentation
Historical, current and projected industry size Recent industry trends
Key Competition landscape
Strategies of key players and product offerings
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