#Automotive Leaf Springs Market Growth

[researchrealmblog]

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

[rushikesh-d]

Automotive Suspension System Market To Witness the Highest Growth Globally in Coming Years

The report begins with an overview of the Automotive Suspension System Market and presents throughout its development. It provides a comprehensive analysis of all regional and key player segments providing closer insights into current market conditions and future market opportunities, along with drivers, trend segments, consumer behavior, price factors, and market performance and estimates. Forecast market information, SWOT analysis, Automotive Suspension System Market scenario, and feasibility study are the important aspects analyzed in this report.

The Automotive Suspension System Market is experiencing robust growth driven by the expanding globally. The Automotive Suspension System Market is poised for substantial growth as manufacturers across various industries embrace automation to enhance productivity, quality, and agility in their production processes. Automotive Suspension System Market leverage robotics, machine vision, and advanced control technologies to streamline assembly tasks, reduce labor costs, and minimize errors. With increasing demand for customized products, shorter product lifecycles, and labor shortages, there is a growing need for flexible and scalable automation solutions. As technology advances and automation becomes more accessible, the adoption of automated assembly systems is expected to accelerate, driving market growth and innovation in manufacturing. Automotive Suspension System Market Size, Share & Industry Analysis, By Suspension Type (Macpherson Strut, Multilink Suspension, Air Suspension), By System Type (Passive Suspension, Semi Active Suspension, Active Suspension), By Actuation Type (Hydraulically Actuated Suspension, Electronically Actuated Suspension), By Vehicle Type (Passenger Cars Light Commercial Vehicle) Others and Regional Forecast, 2021-2028

Get Sample PDF Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/102029

Key Strategies

Key strategies in the Automotive Suspension System Market revolve around optimizing production efficiency, quality, and flexibility. Integration of advanced robotics and machine vision technologies streamlines assembly processes, reducing cycle times and error rates. Customization options cater to diverse product requirements and manufacturing environments, ensuring solution scalability and adaptability. Collaboration with industry partners and automation experts fosters innovation and addresses evolving customer needs and market trends. Moreover, investment in employee training and skill development facilitates seamless integration and operation of Automotive Suspension System Market. By prioritizing these strategies, manufacturers can enhance competitiveness, accelerate time-to-market, and drive sustainable growth in the Automotive Suspension System Market.

Major Automotive Suspension System Market Manufacturers covered in the market report include:

Some of the major companies that are present in the automotive suspension system market include ThyssenKrupp AG, ZF Friedrichshafen AG, Benteler International AG, KYB Corporation, Magneti Marelli S.P.A., Tenneco Inc, NHK Springs Co., Ltd. Mubea Fahrwerksfedern GmbH, Rassini and Mando Corp. among the other players.

The suspension system includes shock absorbers, springs, control arm, absorbers, struts, and ball joints as their essential components. Spring is the most vital component of the suspension system as it absorbs the bumps while moving along the road and supports the vehicle. The different types of springs are used in the suspension system, such as coil spring, air spring, leaf spring, and torsion bars. The majority of passenger cars are equipped with light coil spring. The light commercial vehicles are deployed with coil and leaf spring, and heavy vehicles use leaf spring or air suspension.

Trends Analysis

The Automotive Suspension System Market is experiencing rapid expansion fueled by the manufacturing industry's pursuit of efficiency and productivity gains. Key trends include the adoption of collaborative robotics and advanced automation technologies to streamline assembly processes and reduce labor costs. With the rise of Industry 4.0 initiatives, manufacturers are investing in flexible and scalable Automotive Suspension System Market capable of handling diverse product portfolios. Moreover, advancements in machine vision and AI-driven quality control are enhancing production throughput and ensuring product consistency. The emphasis on sustainability and lean manufacturing principles is driving innovation in energy-efficient and eco-friendly Automotive Suspension System Market Solutions.

Regions Included in this Automotive Suspension System Market Report are as follows:

North America [U.S., Canada, Mexico]

Europe [Germany, UK, France, Italy, Rest of Europe]

Asia-Pacific [China, India, Japan, South Korea, Southeast Asia, Australia, Rest of Asia Pacific]

South America [Brazil, Argentina, Rest of Latin America]

Middle East & Africa [GCC, North Africa, South Africa, Rest of the Middle East and Africa]

Significant Features that are under offering and key highlights of the reports:

- Detailed overview of the Automotive Suspension System Market.

- Changing the Automotive Suspension System Market dynamics of the industry.

- In-depth market segmentation by Type, Application, etc.

- Historical, current, and projected Automotive Suspension System Market size in terms of volume and value.

- Recent industry trends and developments.

- Competitive landscape of the Automotive Suspension System Market.

- Strategies of key players and product offerings.

- Potential and niche segments/regions exhibiting promising growth.

Frequently Asked Questions (FAQs):

► What is the current market scenario?

► What was the historical demand scenario, and forecast outlook from 2024 to 2030?

► What are the key market dynamics influencing growth in the Global Automotive Suspension System Market?

► Who are the prominent players in the Global Automotive Suspension System Market?

► What is the consumer perspective in the Global Automotive Suspension System Market?

► What are the key demand-side and supply-side trends in the Global Automotive Suspension System Market?

► What are the largest and the fastest-growing geographies?

► Which segment dominated and which segment is expected to grow fastest?

► What was the COVID-19 impact on the Global Automotive Suspension System Market?

Table Of Contents:

1 Market Overview

1.1 Automotive Suspension System Market Introduction

1.2 Market Analysis by Type

1.3 Market Analysis by Applications

1.4 Market Analysis by Regions

1.4.1 North America (United States, Canada and Mexico)

1.4.1.1 United States Market States and Outlook 

1.4.1.2 Canada Market States and Outlook 

1.4.1.3 Mexico Market States and Outlook 

1.4.2 Europe (Germany, France, UK, Russia and Italy)

1.4.2.1 Germany Market States and Outlook

1.4.2.2 France Market States and Outlook 

1.4.2.3 UK Market States and Outlook

1.4.2.4 Russia Market States and Outlook 

1.4.2.5 Italy Market States and Outlook 

1.4.3 Asia-Pacific (China, Japan, Korea, India and Southeast Asia)

1.4.3.1 China Market States and Outlook

1.4.3.2 Japan Market States and Outlook 

1.4.3.3 Korea Market States and Outlook 

1.4.3.4 India Market States and Outlook 

1.4.3.5 Southeast Asia Market States and Outlook 

1.4.4 South America, Middle East and Africa

1.4.4.1 Brazil Market States and Outlook

1.4.4.2 Egypt Market States and Outlook 

1.4.4.3 Saudi Arabia Market States and Outlook 

1.4.4.4 South Africa Market States and Outlook 

1.5 Market Dynamics

1.5.1 Market Opportunities

1.5.2 Market Risk

1.5.3 Market Driving Force

2 Manufacturers Profiles

Continued…

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[jessicapinedaw]

Automotive Leaf Spring Market to Register Remarkable Growth by 2030

The novel offering by The Insight Partners on- “ Automotive Leaf Spring Market Industry Analysis| 2030” unfolds different prospects of the market. This market study provides an overview of the industry and later dives into details such as market size, shares, CAGR estimates, and revenue forecasts. The research is capable of providing a thorough understanding of key drivers and challenges ahead of…

[marktrends]

Automotive Suspension System Market Size, Share and Forecast to 2031

Automotive Suspension System Market Information:

The global Automotive Suspension System Market Report provides a complete analysis of the present situation and potential growth of the global Automotive Suspension System Market. This research report provides investors as well as companies that belong to the sector about market trends, drivers of growth, challenges, and opportunities. The purpose of this research is to offer readers valuable data they can use to assist with investment decisions in the Automotive Suspension System Market.

According to Straits Research the Automotive Suspension System Market will grow at a CAGR 5.56% during the forecast period.

Competitive Players

Some of the key players operating in the Automotive Suspension System market are

Continental AG

ZF Friedrichshafen AG

ThyssenKrupp AG

Mando Corporation

Tenneco Inc.

Marelli Corporation

Hitachi Astemo Ltd

BWI Group

Hyundai Mobis Co. Ltd

Sogefi SpA

KYB Corporation

LORD Corporation

Get Free Request Sample Report @ https://straitsresearch.com/report/automotive-suspension-system/request-sample

This research also provides a dashboard view of prominent Organization, highlighting their effective marketing tactics, market share and most recent advances in both historical and current settings.

Global Automotive Suspension System Market: Segmentation

By Component Type

Coil Spring

Leaf Spring

Air Spring

Shock Absorber

Other Components

By Type

Passive Suspension

Semi-active Suspension

Active Suspension

By Vehicle Type

Passenger Car

Commercial Vehicle

By Regions

North America

Europe

Asia-Pacific

Rest of the World

Stay ahead of the competition with our in-depth analysis of the market trends!

Buy Now @ https://straitsresearch.com/buy-now/automotive-suspension-system

Key Highlights

In order to explain Automotive Suspension System the following: introduction, product type and application, market overview, market analysis by countries, market opportunities, market risk, and market driving forces

The purpose of this study is to examine the manufacturers of Automotive Suspension System, including profile, primary business, and news, sales and price, revenue, and market share.

To provide an overview of the competitive landscape among the leading manufacturers in the world, including sales, revenue, and market share of Automotive Suspension System percent

Principal Motives Behind the Purchase:

To get deep analyses of the industry and to have a complete comprehension of the commercial landscape of the global market.

Analyse the production processes, key problems, and potential solutions in order to reduce the potential for future problems.

The goal of this study is to get an understanding of the most influential driving and restraining factors in the Automotive Suspension System industry as well as the influence that this market has on the worldwide market.

Gain an understanding of the market strategies that are now being used by the most successful firms in their respective fields.

In order to have an understanding of the market's future and potential.

Trending Report:

About Straits Research

Straits Research is dedicated to providing businesses with the highest quality market research services. With a team of experienced researchers and analysts, we strive to deliver insightful and actionable data that helps our clients make informed decisions about their industry and market. Our customized approach allows us to tailor our research to each client's specific needs and goals, ensuring that they receive the most relevant and valuable insights.

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[researchvishal]

Automotive Suspension Systems Market Key Opportunity, Analysis, Growth, Trends 2032

The global automotive suspension systems market size is skyrocketing and is to be valued at US$ 62 Billion in 2022, forecast to grow at a stable CAGR of 4.36% to be valued at US$ 95 Billion from 2022 to 2032. Increasing urbanization, technical advances, and shift in purchasing habits are all contributing to the expansion of the automotive sector. Meticulous research and developments are assisting in updating the present automotive suspension systems in order to improve the ride quality and road holding capabilities of the vehicle.

Key Takeaways

Suspensions are vital for good ride quality and automobile handling control. A comfortable ride promotes convenience for passengers, prevents cargo damage, and decreases driver fatigue on extended voyages. Attributing to such crucial factors are resulting in surging sales of automotive suspension systems in the global market.

Since cars with firm suspension may result in better control of body motions and faster reflexes, it is increasingly becoming a crucial part of an automobile. Ambulances require improved vehicle suspension to minimize further damage to already unwell passengers. Such factors have increased the desire for greater driving comfort, which has benefited the worldwide automotive suspension systems market's development.

The SUV market has seen reasonable growth in recent years. Due to the cheap cost, small size, modern designs, and superior agility, the SUV & sub-compact SUV industry has seen significant expansion in nations such as the United States, China, India, and Mexico. The excessive use of multilink suspensions is witnessed in the market. The lower cost of multilink suspension and the simplicity of modification has expanded the use of multilink suspension in mid- to high-segment vehicles.

There is a multilink suspension seen in SUVs including Kia Sport, Volkswagen Tiguan, and Mahindra Scorpio. Throughout the projection period, the global automotive suspension systems market is predicted to increase at a pace of 4.36%. SUVs often have independent suspension at both the front and back wheels. As a result, the urge for independent suspension systems is growing.

At present, air suspensions are preferred more than leaf springs as it delivers optimum comfort and elegance to passengers. As a result, the growing demand for comfort and luxury is driving up demand for automotive suspension systems throughout the world.

For more insights: https://www.futuremarketinsights.com/reports/automotive-suspension-systems-market

The suspension system of an automobile consists of springs, structs, ball joints, shock absorbers, and control arms that help connect the vehicle to the wheel and allow relative motion between the two. The geometry and method used to design suspension are determined by the camber of the wheel, the castor of the hub, the toe of the vehicle, and the kingpin inclination of the control arms.

Suspensions are considered an important part of an automobile because it helps to keep the vehicle's tires in touch with the road during the trip, protecting the vehicle and reducing shocks along with protecting its cargo from damage or wear. In addition to that, it isolates the car from high-frequency vibrations caused by tire excitation.

Competitive Landscape

The Benteler Group, Continental AG, KYB Co., Ltd., Magneti Marelli S.p.A., Mando Corporation, Schaeffler AG, Tenneco Inc., TRW Automobile Holdings Corporation, WABCO Holdings Inc., ZF Friedrichshafen AG are some of the key companies profiled in the full version of the report.

There are various players in the market for automotive suspension systems. The automotive suspension systems industry is extremely competitive, with competitors vying to increase their market share. Product innovation and regional growth into new markets will be critical to the success of any automotive suspension systems industry participant.

Request a Sample of this Report:          https://www.futuremarketinsights.com/reports/sample/rep-gb-713

More Insights into the Automotive Suspension Systems Market

The Asia Pacific region is the largest manufacturer of automotive suspension systems. As per FMI reports, China is anticipated to maintain the dominant position in the automotive systems market during the projection period.

Owing to the surging demand for luxury vehicles, Asia Pacific becomes one of the leading manufacturers of fuel-efficient automobiles in the world. OEMs have begun to invest in and develop innovative automotive technology. Even though Japan and South Korea are technological leaders, India and China produce the most vehicles in the Asia Pacific.

Owing to the changing customer tastes, in recent years, have led to the rise in the per capita income of the middle-class population, and cost benefits for OEMs. Due to these factors, Asia Pacific has emerged as a center for automobile production in recent years.

[chaitalimah]

Automotive Leaf Springs Market Expected to Reach More Than Moderate CAGR growth Forecast Period 2019-2025 | Top Vendors: Rassini, Hendrickson USA, L.L.C., Sogefi SpA

The Global Automotive Leaf Springs Market analysis 2020 offers a steady compound annual growth rate (CAGR) from 2019 to 2025 of 6.5%, which is the forecast period. Market Research Future estimates the figures and reveals that the market will witness high growth prospects in the coming years. 

Top Impacting Factors

Automotive Leaf Springs Market size will witness a noticeable growth from the rising factors of medium and commercial vehicles and the production of light. 

Top Companies:

Rassini (Mexico), Hendrickson USA, L.L.C. (US), Sogefi SpA (Italy), Jamna Auto Industries (India), Emco Industries (India), LITEFLEX (US), IFC Composite GmbH (Germany), NHK Springs Co. Ltd (Japan), Benteler-SGL (Austria), and OlgunCelik San. Tic. A. S (Turkey).

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Major Highlights of TOC Covers:

Executive Summary

Key Business Trends

Regional Trends and Growth

Product Trends

End-use Trends

Definition and Forecast Parameters

More…

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[wiseguy5536]

“Automotive Leaf Spring Market ”gives detailed outlook by Type, by Application, by Segmentation and Regional Forecasts.

[blueweave8]

Europe Automotive Leaf Spring Suspension Market Analysis, Report 2022-2028

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, expects Europe Automotive Leaf Spring Suspension Market size to grow at a CAGR of 6.1% during the forecast period between 2022 and 2028. Rising disposable income and economic prosperity among Europeans, expanding industrial activities, and commercial businesses all contribute to increasing supply of light, medium, and heavy commercial vehicles. This, in turn, is expected to drive the Europe automotive leaf spring suspension market. Strict emission norms are compelling manufacturers to adopt modern technologies, such as automotive leaf spring suspension systems, which aid in the reduction of emissions from automobiles. A rising demand for luxury cars and sports utility vehicles (SUVs) are also boosting the growth of Europe automotive leaf spring suspension market. However, rising substitutes for automotive leaf spring suspension systems are anticipated to hamper the overall market growth during the forecast period.

Europe Automotive Leaf Spring Suspension Market – Overview

A leaf spring is a type of suspension spring formed of leaves that is typically found in wheeled vehicles. It is a semi-elliptical arm composed of one or more leaves that are either steel or other material strips that flex when under pressure but revert to their original form when not in use. Leaf springs are positioned between the wheels and the body of the vehicle. As it travels over a bump, the wheel elevates and deflects the spring, storing energy in the spring. The elasticity of the spring causes it to bounce when released, expanding the stored energy.

The expansion of Europe automotive leaf spring suspension market can be ascribed to a rising demand for commercial and passenger automobiles. Europe automotive leaf spring suspension market is divided into three sections: type, vehicle type, and geography. The type segment is split into two types: multi-leaf springs and mono-leaf springs. Because of advantages, such as improved ride quality and load carrying capability, the multi-leaf springs are more popular than mono-leaf springs.

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Europe Automotive Leaf Spring Suspension Market – By Vehicle Type

Based on the vehicle type, Europe automotive leaf spring suspension market has segments: Light Commercial Vehicle (LCV), Medium Commercial Vehicle (MCV), and Heavy Commercial Vehicle (HCV) segments. Among these, the HCV segment held the highest market share in 2021 and is expected to continue its dominance in the coming years. The increased heavy transportation and logistics activities in the business sector around Europe are driving the demand for HCVs across the region. As compared to LCVs, which require both leaf spring and coil spring suspension depending on the loading conditions, automotive leafy spring suspensions are preferred among HCVs, such as trucks and buses. As a result, an increasing use of leaf springs in HCVs that aid in heavy loading operations is expected to drive the segment growth during the forecast period.

Impact of COVID-19 on Europe Automotive Leaf Spring Suspension Market

COVID-19 pandemic had a significant impact on Europe automotive leaf spring suspension market. Vehicle production in the region ceased due to reduced transportation and logistics operations and supply chain interruptions, and the region's experienced substantial impact on the deployment of automotive leaf spring suspension. Furthermore, major European countries, such as Germany, Italy, and Spain, took drastic steps, including travel restrictions, to prevent the spread of novel coronavirus. They also hold a sizable portion of the automobile leaf spring suspension market, as Europe has the stringent road safety requirements. Sales of various passenger cars and automobile production in European countries declined dramatically in 2020, and businesses required time to stabilize their operations. However, with the increased focus on new features and technology, the manufacturers can attract potential clients and expand their footprints in emerging markets. This aspect is projected to boost the Europe automotive leaf spring suspension market. In addition, post the relaxation of COVID-19 related restrictions, such as loosening of the transportation, travel and logistics restrictions, in Europe, the market is expected to grow at a high rate during the period in analysis.

Competitive Landscape

Major players operating in Europe automotive leaf spring suspension market include Hendrickson Commercial Vehicle Systems, Sogefi SpA, Olgun Celik A.S., HŽP a.s., Frauenthal Holding, IFC Composite GmbH, Owen Springs, Paddington Motor Springs, Jones Springs, Coil-Springs, Rossendale Road Springs, Lamina Suspension, and GME Springs. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product development.

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[severepeanutperfection]

Automotive Composite Leaf Springs Market Future Trends, Industry Size and Forecast to 2032

The Global Automotive Composite Leaf Spring Market was valued at US$ 71.6 Mn in 2021 and is expected to reach US$ 138 Mn by 2032, finds Future Market Insights (FMI) in a recent market survey. A new market research report by Future Market Insights on the Automotive Composite Leaf Spring Market includes a global industry analysis 2017–2021 and an opportunity assessment 2022–2032. As per the findings of the report, the Transversal installation of Composite Leaf Spring constitutes the bulk of the revenue that will be generated through this segment. It is projected that Transversal Type installation of composite will grow at 5.9% CAGR during the forecast period.

The United States to Command the Larger market share of Automotive Composite Leaf Spring throughout the Analysis Period

The United States will own 33.9% of the global Automotive Composite Leaf Spring Market. From 2017 through 2021, the CAGR is 6.7%. In the United States. The United States has the highest vehicle ownership per capita in the world and the automotive industry contributes about 3% of GDP. North America brought in US$31.7 Mn in revenue in 2022, up 7% from the previous year. In the following decade. In North America, continuous advancements in composite materials have helped to preserve competitiveness against traditional metals and plastics. These elements are propelling the market's revenue ahead.

“The introduction of new carbon fiber composites opens huge untapped segments of Automotive Leaf Spring Market. Their Commercialization in Light Commercial Vehicle segment can lead to a significant increase in revenue growth of Automotive Leaf Spring market” comments an analyst at Future Market Insights.

Automotive Composite Leaf Spring Market: Competition Insights

Currently, Composite Leaf Spring manufacturers are largely aiming at setting up manufacturing facilities, winning orders, and showcasing technology at exhibitions. The key companies operating in the flexible screen market include Benteler SGL, Hendrickson International, HyperCo, IFC Composite GmbH, LiteFlex, LLC, Mubea Fahrwerkstechnologien GmbH, ARC Suspension, FLEX-FORM, Heathcote Industrial Plastics, Hendrickson Holding LLC, KraussMaffei, Jamna Auto Industries Ltd, Standens, NHK Spring, Mitsubishi Steel, Owen Spring, Beijer Alma, Fangda, Dongfeng, Rassini International.

The key recent developments of flexible screens manufacturers are as follows:

In October 2019, Hendrickson has completed the acquisition of Dayton, Ohio-based Liteflex Composite Springs. Under the name Hendrickson Composites, the Company will operate as a branch of Hendrickson. Hendrickson's product folio is bolstered with more composite spring technology.

In Jun 2021, Rassini, a producer of suspension components for light commercial vehicles, has specified the use of an EPIKOTE epoxy resin system from Hexion Inc. for an innovative rear suspension system found in Ford Motor Co.’s new pickup truck model.

In Jan 2018, SGL Group with its joint venture with BENTELER Automotive, the complete takeover of BENTELER-SGL enables us to expand our serial productioncapabilities or components made from fiber-reinforced composites such as Leaf Spring.

In Jul 2021, Hexcel’s HexPly M901 prepreg system has been selected by Rassini, to speed up prototype and new product development cycles. The company aims to reduce overall time to market with the easy-to-process material that enables effective early-stage design screening and cost-effective production.

In Oct 2021, Under the UK government-funded research project, TUCANA, AOC AGwith Astar has developed a new sheet molding compound based on Daron polyurethane hybrid technology, that enables the production of chopped carbon fiber molded parts on an industrial scale with the mechanical performance of epoxy resin CF-SMC, and the manufacturing ease of unsaturated polyester resin and vinyl ester resin SMC.

More Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the Automotive Composite Leaf Springs Market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals extensive growth in Automotive Composite Leaf Springs Market in terms of Installation Type (Transversal and Longitudinal), By Process Type (High-Pressure Resin Transfer Molding Process, Prepreg Layup Process, Others), By Location Type (Front Leaf Spring, Rear Leaf Spring), By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium, and Heavy Duty Vehicles), across five regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

For More Info@ https://www.futuremarketinsights.com/reports/automotive-composite-leaf-springs-market

About Future Market Insights (FMI)

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

[stratviewresearch]

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.

Know more about the report, click here

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

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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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Spring Market: Scope, Share, Opportunity, Analysis, Status, Forecast to 2027

Spring Market Overview:

Impact of key players in domestic and localized markets, increased sales pockets, changes in market law, strategic market boom analysis, market size, market growth by category, niche and utility advantages, product approvals, new products Launches, regions and many squares measure everything that happened during this Global Spring Market place report was investigated.

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Market Scope:

According to the forecast, the global Packaged Food market is rise at a stable rate between 2021 and 2027. The market is expected to grow considerably between 2021 and 2027 as a consequence of business participants` efforts.  The development method is examined, moreover as value structures and development goals and objectives. Import/export consumption, offer and demand, cost, price, share, sales volume, revenue, and gross margins square measure all lined during this global Packaged Food marketing research. within the world Packaged Food market, this study appearance at every producer's producing sites, capacity, production, exfactory value, market value, sales revenue, and market share. The us, Canada, Mexico, Germany, France, UK, Russia, Italy, China, Japan, Korea, India, geographic area, Australia, and Brazil square measure among the countries concerned.

Segmentation:

Global Spring Market

Report CoverageDetails

Base Year:2020Forecast Period:2021-2027

Historical Data:2016 to 2020Market Size in 2020:US $ 12.5 Bn.

Forecast Period 2021 to 2027 CAGR:4.7 %Market Size in 2027:US $ 17.24 Bn.

Segments Covered:by Type• Helical Springs • Leaf Springs • Others

by End Use• Manufacturing • Automotive & Transportation • Agriculture • Construction • Others

by Vehicle Type• Passenger Cars • Commercial Vehicles • Electric Cars

Key Players:

• GALA GROUP • Ace Wire Spring and Form Co., Inc • Bal Seal Engineering, Inc • Barnes Group Inc. (Associated Spring) • CARL HAAS GmbH • EBSCO Spring Co • Frequential Holding AG • Hendrickson USA L.L.C • IFC Composite GmbH • Jamna Auto Industries Ltd • John Evans Sons Incorporated • Mubi Teleordering GmbH • Rossini SAB de CV • Sogeti Spa

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Regional Analysis:

The global Packaged Food market is divided into five regions: Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America. The Global Spring Market report offers a detailed analysis of the market's major geographies, as well as notable segments and sub-segments. In terms of market size, share, and volume, the study examines the current state of regional development. This global Packaged Food market report contains figures, geographies, and revenue, as well as an in-depth look at the business chain structure, opportunities, and industry news.

COVID-19 Impact Analysis on Spring Market:

The COVID19 pandemic can cause global market turmoil in three ways: directly impact production and demand, disrupt supply networks and markets, and bankrupt companies and financial institutions. The purpose of this study is to learn more about the current situation, the recession, and the impact of COVID 19 on the global Packaged Food market. The MMR regularly assesses the impact of the COVID 19 pandemic on different sectors and industries in all areas. The same information can be found in the Maximize Market Research (MMR) survey. It can be used to find out how COVID 19 has affected the decline and growth of the industry. In addition, the MMR report helps identify gaps in market supply and demand.

Key Questions answered in the Spring Market Report are:

Which product segment grabbed the largest share in the Packaged Food market?

How is the competitive scenario of the Packaged Food market?

Which are the key factors aiding the Packaged Food market growth?

Which region holds the maximum share in the Packaged Food market?

What will be the CAGR of the Packaged Food market during the forecast period?

Which application segment emerged as the leading segment in the Packaged Food market?

Which are the prominent players in the Packaged Food market?

What key trends are likely to emerge in the Packaged Food market in the coming years?

What will be the Packaged Food market size by 2027?

Which company held the largest share in the Packaged Food market?

About Us:Maximize Market Research provides B2B and B2C research on 12000 high growth emerging opportunities technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics Communications, Internet of Things, Food and Beverages, Aerospace and Defence and other manufacturing sectors.

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Automotive Suspension Systems Market Research, Segmentation, Key Players Analysis & Forecast By 2032

The global automotive suspension systems market is skyrocketing and is to be valued at US$ 62 Billion in 2022, forecast to grow at a stable CAGR of 4.36% to be valued at US$ 95 Billion from 2022 to 2032. Increasing urbanization, technical advances, and shift in purchasing habits are all contributing to the expansion of the automotive sector. Meticulous research and developments are assisting in updating the present automotive suspension systems in order to improve the ride quality and road holding capabilities of the vehicle.

Automotive suspension systems are an important component of modern vehicles that help to ensure a comfortable and safe ride. Here are some details about automotive suspension systems. The purpose of the suspension system is to absorb shock and maintain vehicle stability while driving on uneven road surfaces. It provides a smooth ride and helps to keep the vehicle's wheels in contact with the road. The suspension system plays a critical role in vehicle safety. A worn-out or damaged suspension system can cause the vehicle to handle poorly and increase the risk of accidents. It's essential to keep the suspension system in good condition to ensure safe driving.

Suspensions are considered an important part of an automobile because it helps to keep the vehicle's tires in touch with the road during the trip, protecting the vehicle and reducing shocks along with protecting its cargo from damage or wear. In addition to that, it isolates the car from high-frequency vibrations caused by tire excitation.

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Key Takeaways

Suspensions are vital for good ride quality and automobile handling control. A comfortable ride promotes convenience for passengers, prevents cargo damage, and decreases driver fatigue on extended voyages. Attributing to such crucial factors are resulting in surging sales of automotive suspension systems in the global market.

Since cars with firm suspension may result in better control of body motions and faster reflexes, it is increasingly becoming a crucial part of an automobile. Ambulances require improved vehicle suspension to minimize further damage to already unwell passengers. Such factors have increased the desire for greater driving comfort, which has benefited the worldwide automotive suspension systems market's development.

The SUV market has seen reasonable growth in recent years. Due to the cheap cost, small size, modern designs, and superior agility, the SUV & sub-compact SUV industry has seen significant expansion in nations such as the United States, China, India, and Mexico. The excessive use of multilink suspensions is witnessed in the market. The lower cost of multilink suspension and the simplicity of modification has expanded the use of multilink suspension in mid- to high-segment vehicles.

There is a multilink suspension seen in SUVs including Kia Sport, Volkswagen Tiguan, and Mahindra Scorpio. Throughout the projection period, the global automotive suspension systems market is predicted to increase at a pace of 4.36%. SUVs often have independent suspension at both the front and back wheels. As a result, the urge for independent suspension systems is growing.

At present, air suspensions are preferred more than leaf springs as it delivers optimum comfort and elegance to passengers. As a result, the growing demand for comfort and luxury is driving up demand for automotive suspension systems throughout the world.

For more detailed information: https://www.futuremarketinsights.com/reports/automotive-suspension-systems-market

Competitive Landscape

The Benteler Group, Continental AG, KYB Co., Ltd., Magneti Marelli S.p.A., Mando Corporation, Schaeffler AG, Tenneco Inc., TRW Automobile Holdings Corporation, WABCO Holdings Inc., ZF Friedrichshafen AG are some of the key companies profiled in the full version of the report.

There are various players in the market for automotive suspension systems. The automotive suspension systems industry is extremely competitive, with competitors vying to increase their market share. Product innovation and regional growth into new markets will be critical to the success of any automotive suspension systems industry participant.

More Insights into the Automotive Suspension Systems Market

The Asia Pacific region is the largest manufacturer of automotive suspension systems. As per FMI reports, China is anticipated to maintain the dominant position in the automotive systems market during the projection period.

Owing to the surging demand for luxury vehicles, Asia Pacific becomes one of the leading manufacturers of fuel-efficient automobiles in the world. OEMs have begun to invest in and develop innovative automotive technology. Even though Japan and South Korea are technological leaders, India and China produce the most vehicles in the Asia Pacific.

Owing to the changing customer tastes, in recent years, have led to the rise in the per capita income of the middle-class population, and cost benefits for OEMs. Due to these factors, Asia Pacific has emerged as a center for automobile production in recent years.