Automotive Leaf Spring Market Size, Share, Trend, Forecast, & Competitive Analysis: 2019-2024 - PowerPoint PPT Presentation

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Automotive Leaf Spring Market Size, Share, Trend, Forecast, & Competitive Analysis: 2019-2024

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The next five years for the leaf spring market in the automotive industry seems attractive with significant growth opportunities in both, OE as well as aftermarket segments. The market for automotive leaf springs is set to reach an estimated value of US$ 5.8 billion in 2024, witnessing a healthy growth in the coming years. – PowerPoint PPT presentation

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Title: Automotive Leaf Spring Market Size, Share, Trend, Forecast, & Competitive Analysis: 2019-2024


1
Presents a Research Report on
Automotive Leaf Springs Market
Automotive Leaf Spring Market Size, Share, Trend,
Forecast, Competitive Analysis 2019-2024 The
Automotive Leaf Spring Market is Segmented by
Vehicle Type (Passenger Car, Light-Duty
Commercial Vehicle, Medium- Heavy-Duty Vehicle,
and Others), by Spring Type (Parabolic Leaf
Spring and Multi-Leaf Spring), by Material Type
(Metal Leaf Springs and Composite Leaf Springs),
by Location Type (Front Suspension and Rear
Suspension), by Manufacturing Process Type (Shot
Peening, HP-RTM, and Others), by End-User Type
(OE and Aftermarket), and by Region (North
America, Europe, Asia-Pacific, and Rest of the
World)


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2
Automotive Leaf Springs Market Growth and
Forecast Highlights Drivers
  • The market for automotive leaf springs is set to
    reach an estimated value of US 5.8 billion in
    2024, witnessing a healthy growth in the coming
    years.
  • Several factors are bolstering the demand for
    leaf springs among which, rising production of
    LCVs and MHCVs is the biggest growth driver.
  • Other noticeable driving factors are advancements
    in the leaf spring technology, such as parabolic
    leaf springs greater demand for lightweight
    springs, especially composite leaf springs and
    rising automotive fleet.
  • A leaf spring is a spring comprising leaves and
    is commonly used for suspension in the wheeled
    vehicles.
  • It is a semi-elliptical arm consisting of one or
    more leaves which are strips of steel or other
    materials that are meant to flex under pressure
    yet maintain their original shape when not under
    pressure.
  • Leaf springs are one of the oldest suspension
    components and are still being used in most of
    the LCVs and MHCVs.
  • There is another type of spring called coil
    spring, which has a widespread usage in passenger
    cars.
  • Over a period of time, the automotive industry
    has witnessed a remarkable transition in the leaf
    spring technology, material, style, design, etc.
  • There are countless styles of leaf-spring
    suspension available worldwide featuring
    different mounting points, shapes, and sizes.
  • Composite leaf springs are the outcome of these
    activities, offering significant weight saving
    advantage over steel springs without sacrificing
    performance.

3
Market Insights
  • By Material Type
  • The market is segmented into steel springs and
    composite leaf springs.
  • Steel leaf spring is expected to remain the
    larger spring type in the next five years
    however, composite spring is likely to witness
    the higher growth for the same period.
  • Composite springs offer excellent
    strength-to-weight ratio, fatigue resistance, and
    natural frequency and are about five times more
    durable than a steel spring.
  • Internal damping in the composite materials leads
    to excellent absorption of vibration energy
    within the parts, resulting in, a reduced
    transmission of vibration noise to the
    neighboring structures.
  • By Vehicle Type
  • The market is segmented into passenger car, LCV,
    MHCV, and others.
  • MHCV dominates the market in terms of value and
    is likely to maintain its dominance in the coming
    five years as well.
  • Large production base of MHCVs coupled with high
    penetration of leaf springs in MHCVs and large
    MHCV fleet are the key whys and wherefores behind
    the dominance of MHCVs in the market.

4
Market Insights
  • By Region
  • Asia-Pacific is expected to remain the largest
    market for leaf springs in the foreseen future,
    because of increasing production of MHCVs in the
    developing Asian economies, such as China and
    India.
  • China, Japan, and South Korea are likely to
    remain the major markets in the region however,
    India is likely to be the new growth engine of
    the regions market in the coming five years.
  • Several automakers are eyeing on the Indian
    market and have huge plans to open manufacturing
    plants in the country in order to leverage the
    benefits offered by the government under several
    manufacturing boost initiatives, such as Make in
    India.
  • Europe and North America, other major markets,
    are also likely to have a positive outlook in the
    coming five years.
  • The USA and Mexico are likely to be the major
    markets in North America, whereas Russia,
    Germany, and France are the major markets in
    Europe.

5
Competitive Insights
Automotive Leaf Springs Market, regional
expansion, and execution of mergers
acquisitions are the key strategies adopted by
the major players to gain a competitive edge in
the market. The key leaf spring manufacturers are-
  • Rassini
  • Hendrickson
  • Jamna Auto Industries
  • Dongfeng Motors
  • IFC Composite

The key automotive OEMs are-
  • Daimler
  • Navistar
  • GM
  • Volvo
  • MAN
  • Tata Motors
  • Peterbilt
  • Toyota.

6
Research Methodology
Data Analysis Top Down and Bottom Up Approach)
Data Triangulation Data Evaluation and Multiple
Data Triangulation)
Final Deliverables Final Report with All Findings)
Stratview Research follows a rigorous methodology
with high emphasis on primary research and
multiple ways of data triangulation. We conduct
primary research across the value chain to
provide 360 degree view of the market.
Secondary Research
Stratview Research Internal Knowledgebase
Primary Research
  • Annual Reports / Fact Book
  • Company Websites
  • Magazines / Publications
  • Press Releases Journals
  • Industry News
  • Association Articles
  • Government Documents
  • Social Media
  • Others
  • Robust database across value chain
  • In-house industry veterans as advisors
  • Project based subject matter experts
  • Industry Players
  • Industry Experts
  • Suppliers
  • Customers
  • Associations
  • Government Institutions
  • Others

7
Report Features
  • This report provides market intelligence in the
    most comprehensive way. The report structure has
    been kept such that it offers maximum business
    value. It provides critical insights on the
    market dynamics and will enable strategic
    decision making for the existing market players
    as well as those willing to enter the market. The
    following are the key features of the report
  • Market structure Overview, industry life cycle
    analysis, supply chain analysis.
  • Market environment analysis Growth drivers and
    constraints, Porters five forces analysis, SWOT
    analysis.
  • Market trend and forecast analysis.
  • Market segment trend and forecast.
  • Competitive landscape and dynamics Market share,
    product portfolio, product launches, etc.
  • Attractive market segments and associated growth
    opportunities.
  • Emerging trends.
  • Strategic growth opportunities for the existing
    and new players.
  • Key success factors.

8
Market Segmentation
  • The Automotive Leaf Spring Market is segmented in
    the following ways
  • Automotive Leaf Spring Market Size, Share
    Forecast by Vehicle Type
  • Passenger Car
  • Light-Duty Commercial Vehicles
  • Medium- Heavy-Duty Commercial Vehicles
  • Automotive Leaf Spring Market Size, Share
    Forecast by Spring Type
  • Parabolic Springs
  • Multi-Leaf Springs
  • Automotive Leaf Spring Market Size, Share
    Forecast by Material Type
  • Metal Leaf Springs
  • Composite Leaf Springs
  • Automotive Leaf Spring Market Size, Share
    Forecast by Spring Location Type
  • Front Suspension
  • Rear Suspension

9
Market Segmentation
  • Automotive Leaf Spring Market Size, Share
    Forecast by Manufacturing Process Type
  • Shot Peening
  • HP-RTM
  • Others
  • Automotive Leaf Spring Market Size, Share
    Forecast by End-User Type
  • OE
  • Aftermarket
  • Automotive Leaf Spring Market Size, Share
    Forecast by Region
  • North America (Country Analysis The USA, Canada,
    and Mexico)
  • Europe (Country Analysis Germany, France, the
    UK, Italy, Russia, and Rest of Europe)
  • Asia-Pacific (Country Analysis China, Japan,
    South Korea, India, and Rest of Asia-Pacific)
  • Rest of the World (Sub-Region Analysis Latin
    America, the Middle East, and Others)

10
About Stratview Research
Stratview Research is a global market
intelligence firm providing high quality
syndicated reports, custom research and
consulting services.
Our Services
Why Us?
High Customer Delight
Rich Industry Experience
Robust Methodology
Effective Business Decisions
11
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esearch.com/Request-Sample/272/automotive-leaf-spr
ings-market.htmlform
12
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