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

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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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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.

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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.

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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.

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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.

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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

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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.

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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

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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)

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