Automotive
November 26, 2020

Automotive Coil Spring Market Estimated To Experience A Hike in Growth | Global Industry Size, Growth, Segments, Revenue & Top Manufacturers: GKN, Kilen Springs, Sogefi Group

As per the latest study by Market Research Future Reports (MRFR), the Global Automotive Coil Spring Market 2020 is estimated to be majorly driven by the expanding transportation industry. The increasing disposable income has resulted in an increased purchasing power, which augments the demand for automobiles. Coil springs are in high demand due to their capability to absorb shocks. The technological innovation in automotive technology is estimated to catapult the market on an upward trajectory.

Key Players 

The key competitors of the global automotive coil spring market are GKN (U.K.), Kilen Springs (U.K.),  Sogefi Group (Italy), Mubea (Germany), NHK Nasco (U.S.), Betts Spring (U.S.), Hyperco (U.S.), MSSC (U.S.), Neapco (U.S.), Draco Spring (U.S.), Alco (U.S.), UNI AUTO PARTS (Taiwan), and a few others.

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Market Segmentation 

·         On the basis of application, the global automotive coil spring market can be segmented into four heavy wheel, vehicles, and two-wheeler.

·         On the basis of type, the global automotive coil spring market can be segmented into helical coil spring and progressively wound spring.

·         On the basis of region, the global automotive coil spring market can be segmented into Europe, Asia-Pacific, North America, and the Rest of the World (RoW).

Regional Analysis 

The geographical analysis of Europe, Asia-Pacific, North America, and the Rest of the World (RoW) has been performed. As per the research by MRFR, Europe and North America are projected to reign the global market. The region consists of the established players of the market, which contribute significantly to the regional market expansion. Moreover, the presence of developed countries in Europe, such as the U.K., Germany, is an additional factor which propels the market.

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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 coil spring Market Segmentation

8.      Automotive coil spring Market Landscape

Continued…….…

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