Automotive Leaf Spring Market is Likely to Garner a Healthy CAGR by Forecast 2025

09/dic/2019 12:31:44 Automotive Market Research Reports Contatta l'autore

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Global Automotive Leaf Spring Market Research Report: Information by Type (Parabolic, Elliptic, Semi-Elliptic and others), Material (Metal and Composite), Sales Channel (OEM and Aftermarket), Vehicle Type (Passenger Car, Light Commercial Vehicle and Heavy Commercial Vehicle) and Region (North America, Europe, Asia-Pacific and the Rest of the World) - Forecast till 2025

The global automotive leaf spring market is estimated to witness 6.5% CAGR during the forecast period, 2019–2025. An automotive leaf spring is used as a suspension system to support the vehicle by absorbing the bumps on uneven road tracks. Such springs comprise leaves and consist of one or more leaves. They are one of the traditional suspension systems for the wheeled vehicles. They are mainly used in LCVs and HCVs. The manufacturing process for the automotive leaf springs include center hole punching, shearing of flat bar, heating process, and heating treatment.

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Automotive Leaf Spring Market Key Companies Studied In This Research Report:
 
The Prominent Players in the global automotive leaf spring market include 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).

Market Research Analysis

In terms of region, the global market for the automotive leaf spring is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific is expected to hold the largest market share in terms of value and volume during the forecast period owing to the presence of China, India, Japan, and South Korea. China has the highest production and consumption of commercial vehicles. This enhanced the demand for automotive leaf springs and other components in China and neighboring countries. Asia-Pacific has the highest production and export of automotive leaf springs. North America is expected to hold the second largest market share of the global automotive leaf spring market in terms of value and volume owing to the continous demand and sales of commercial vehicles. The rapid growth of the e-commerce idnustry in the US and Canada are expected to raise the demand for light commercial vehicles to ensure timely delivery of the products, across the region.

Regional Analysis:

Geographically, the global automotive leaf spring market has been segmented into four regions, namely, North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific is expected to hold a highest market share and highest growing region during the forecast period owing to the leading highest consumption of commercial vehicles. On the other hand, North America is expected to witness substantial growth owing to an increase in the demand for light commercial vehicles in the transportation industry.

The report for global automotive leaf spring market of Market Research Future covers extensive primary research. This is accompanied with detailed analysis of qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance. The report gives a clear picture of the current market scenario, which includes the historical and projected market size, in terms of value and volume, technological advancement, macroeconomic, and governing factors of the market. The report provides comprehensive information about the strategies of the top companies in the industry, along with a broad study of the different market segments and regions.

 

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

 

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