"Market Intelligence for High-Geared Performance"

Automotive Leaf Spring Suspension Market Size, Share & Industry Analysis, By Material Type (Steel springs, Composite leaf springs), By Vehicle Type (Passenger car, LCV, MHCV, Others) And Regional Forecast, 2024-2032

Region :Global | Report ID: FBI105726 | Status : Ongoing

 

KEY MARKET INSIGHTS

A leaf spring is a suspension spring made up of leaves that are often used in wheeled vehicles. It's a semi-elliptical arm made out of one or more leaves, which are steel or other material strips that flex under pressure but return to their original shape when not in use. Leaf springs are one of the oldest suspension components, and they are still utilized in most vehicles. Another type of spring is the coil spring, which is widely used in passenger vehicles.


Over time, the automotive industry has seen a significant transformation in leaf spring technology, material, style, and design. Leaf-spring suspension comes in various types with varied mounting points, forms, and sizes accessible worldwide. Simultaneously, a lot of research and development is going on to discover lighter alternatives to heavy steel.

The automotive leaf spring suspension market is rapidly approaching pre-COVID levels, with a solid growth rate predicted over the forecast period, owing to the economic recovery in most emerging countries. The frequent suspension of public transportation networks, along with the virus's highly contagious nature, fuelled the desire for passenger automobiles, resulting in a need for Automotive Leaf Spring Suspension products.

Key Market Driver -

There is a growing need for M&HCVs to move freight. The growing popularity of electric vehicles is expected to increase demand for lightweight suspension springs.

Key Market Restraint -

In emerging economies, air suspension systems are becoming increasingly popular.


Market Segmentation:


The automotive Leaf spring suspension market is segmented by material, vehicle, and geography.

By Material Type: the market is segmented into steel springs and composite leaf springs. The most prevalent spring type is likely to be steel leaf springs; however, composite springs are expected to grow faster. Composite springs are five times more durable than steel springs in strength-to-weight ratio, fatigue resistance, and natural frequency.

By Vehicle Type: the market is bifurcated into passenger cars, LCV, MHCV, and others. In terms of value, MHCV dominates the market and is expected to grow to continue in the coming years. The primary whys and wherefores underlying the dominance of MHCVs in the market are their vast production base, high penetration of leaf springs in MHCVs, and large MHCV fleet.

Key players:


Standens, Jamna Auto Industries, NHK Spring, Mitsubishi Steel, Owen Spring, Beijer Alma, Fangda, Dongfeng, Fawer Automotive Parts Limited Company, Eaton Detroit Spring, Hendrickson, Qingdao ShuaiChao, Beiqi Haihua, Anhui Anhuang, Chongqing Hongqi, Guangzhou Baiyun Plate Spring Factory, Eagle Suspensions, Sogefi, and EMCO Industries.

Regional Analysis:


By Region is segmented across Europe, North America, Asia-Pacific, and the Rest of the world.

North America is predicted to grow steadily in the automotive leaf spring suspension market as the demand for leaf spring suspension slowly increases.

Europe is predicted to rise at a significant rate in the forecast period 2021-2028. Because of the strong presence of several developed nations and the widespread adoption of composite vehicle leaf springs.

Asia-Pacific is expected to remain the largest market for leaf springs in the foreseeable future because of the increasing production of MHCVs in the developing Asian economies, such as China and India.

To gain extensive insights into the market, Request for Customization


Segmentation






















 ATTRIBUTES 


 DETAILS     


By Material Type



  • Steel springs

  • Composite leaf springs



By Vehicle Type



  • Passenger car

  •  LCV

  •  MHCV

  •  Others



By Geography



  • North America (USA, Canada, and Mexico)

  • Europe (Germany, France, U.K., and Rest of Europe)

  • Asia Pacific (Japan, China, India, South Korea, and Rest of Asia Pacific)

  • Rest of the World






  • Ongoing
  • 2023
  • 2019-2022

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Automotive & Transportation Clients

Toshiba
KIA
Hyundai
Bosch
Asahi

Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X