Industry Insight
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. The rising usage of rails in transporting
heavy and bulky goods from one place to another is influencing the automotive
leaf spring market to a great extent. Automotive leaf springs product is known
to be arch-shaped steel of rectangular cross-section that eliminates the need
for trailing arms and pan hard rod. Its heavy usage in commercial vehicles and
railway carriage has genuinely raised the growth of product as well as the
market.
Growing industrial activity, rising economic wealth, and
rising disposable income are also noticeably driving the industry growth for
some time. With this, the global commercial vehicle industry has shown a
possibility to inflate at over 3% in the forecast time. With rising
transportation through roads has inclined product demand to a great extent.
Trucks, vans, and SUVs are widely used to carry passengers and goods, and due
to this, the automobile leaf spring plays a pivotal role. The growing demand
for viable vehicles has thus bolstered the automotive composite leaf springs
market.
Top Companies profiled in Automotive Leaf Springs Market
Research Report:
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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Segmentation of Market: Automotive
Leaf Springs
·
Depending
on the type segment, the market has included elliptic, parabolic,
semi-elliptic, and others. Among these, the parabolic type segment can lead the
global market in terms of value and volume in the forecast period. The
semi-elliptic type segment might become the fastest-growing segment in the
global automobile leaf spring market in the growth period.
·
Depending
on the material segment, the market has included metal and composite where the
metal segment might lead the global market in terms of value and volume both in
the forecast period.
·
Depending
on the sales channel segment, the market has included OEM and
aftermarket. Among these, the OEM segment might lead the global market in terms
of value and volume in the forecast period.
·
Depending
on vehicle type, the market has included light commercial vehicles,
passenger cars, and heavy commercial vehicles. The light commercial vehicle
segment might lead the global market in terms of value and volume in the
forecast period.
Regional Outlook
Geologically, the global automotive leaf spring market has
been studied among crucial regions of Europe, North America, Asia-Pacific, and
the Rest of the World.
North America is expected to observe a substantial growth
owing to a surge in demand for light commercial vehicles in the transportation
industry. In this region, the U.S will foresee a surge of over 5% in the next
five years in the commercial vehicle industry. It is the prevalent region for
the component worldwide
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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 Leaf Springs Market Segmentation
8. Automotive Leaf Springs Market Landscape
9. Vendor Matrix
More…
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