As per the latest study by Market Research Future Reports
(MRFR), the Global Automotive Coil Spring Market 2020 is
estimated to be majorly driven by the expanding transportation industry. The
increasing disposable income has resulted in an increased purchasing power,
which augments the demand for automobiles. Coil springs are in high demand due
to their capability to absorb shocks. The technological innovation in
automotive technology is estimated to catapult the market on an upward
trajectory.
Furthermore, the rising demand for medium and heavy commercial
vehicles for bulk transportation is one of the major drivers for the market.
Additionally, there is an increment in the usage of heavy and medium-sized
vehicles in developing countries. However, corrosion, lack of proper spring
coating, and overweight of vehicles are some of the challenges faced and are
estimated to impede the market growth.
The research performed by MRFR tracks the aftermath of the
COVID-19 pandemic. Furthermore, a precise evaluation of factors augmenting and
impeding the market in the post-COVID-19 environment has been analyzed. We will
provide COVID-19 impact analysis with the report.
Key Players
The key competitors of the global automotive coil spring
market are GKN (U.K.), Kilen Springs (U.K.), Sogefi Group (Italy), Mubea
(Germany), NHK Nasco (U.S.), Betts Spring (U.S.), Hyperco (U.S.), MSSC (U.S.),
Neapco (U.S.), Draco Spring (U.S.), Alco (U.S.), UNI AUTO PARTS (Taiwan), and a
few others.
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Market Segmentation
·
On the
basis of application, the global automotive coil spring market can be
segmented into four heavy wheel, vehicles, and two-wheeler.
·
On the
basis of type, the global automotive coil spring market can be segmented
into helical coil spring and progressively wound spring.
·
On the
basis of region, the global automotive coil spring market can be
segmented into Europe, Asia-Pacific, North America, and the Rest of the World
(RoW).
Regional
Analysis
The geographical analysis of Europe, Asia-Pacific, North
America, and the Rest of the World (RoW) has been performed. As per the
research by MRFR, Europe and North America are projected to reign the global
market. The region consists of the established players of the market, which
contribute significantly to the regional market expansion. Moreover, the
presence of developed countries in Europe, such as the U.K., Germany, is an
additional factor which propels the market. North America is likely to be
benefited from the escalated revenue generation from the automotive industry.
Besides, there has been a constant development of the automotive coil spring
market.
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Information: https://www.marketresearchfuture.com/reports/automotive-coil-spring-market-1157
Major Highlights of TOC Covers:
1. Executive Summary
2. Key Business Trends
3. Regional Trends and Growth
4. Product Trends
5. End-use Trends
6. Definition and Forecast Parameters
7. Automotive coil spring Market Segmentation
8. Automotive coil spring Market Landscape
9. Vendor Matrix
10. Company Profiles
11. Business Overview
Continued…….…
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