November 27, 2020

Automotive Leaf Springs Market Expected to Reach More Than Moderate CAGR growth

Industry Insight

The Global Automotive Leaf Springs Market analysis 2020 offers a steady compound annual growth rate (CAGR) from 2019 to 2025 of 6.5%, which is the forecast period. Market Research Future estimates the figures and reveals that the market will witness high growth prospects in the coming years.

Top Impacting Factors

Automotive Leaf Springs Market size will witness a noticeable growth from the rising factors of medium and commercial vehicles and the production of light. The rising usage of rails in transporting heavy and bulky goods from one place to another is influencing the automotive leaf spring market to a great extent. Automotive leaf springs product is known to be arch-shaped steel of rectangular cross-section that eliminates the need for trailing arms and pan hard rod. Its heavy usage in commercial vehicles and railway carriage has genuinely raised the growth of product as well as the market.

Top Companies profiled in Automotive Leaf Springs Market Research Report:

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).

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Segmentation of Market: Automotive Leaf Springs

·         Depending on the type segment, the market has included elliptic, parabolic, semi-elliptic, and others. Among these, the parabolic type segment can lead the global market in terms of value and volume in the forecast period. The semi-elliptic type segment might become the fastest-growing segment in the global automobile leaf spring market in the growth period.

·         Depending on the material segment, the market has included metal and composite where the metal segment might lead the global market in terms of value and volume both in the forecast period.

·         Depending on the sales channel segment, the market has included OEM and aftermarket. Among these, the OEM segment might lead the global market in terms of value and volume in the forecast period.

·         Depending on vehicle type, the market has included light commercial vehicles, passenger cars, and heavy commercial vehicles. The light commercial vehicle segment might lead the global market in terms of value and volume in the forecast period.

Regional Outlook

Geologically, the global automotive leaf spring market has been studied among crucial regions of Europe, North America, Asia-Pacific, and the Rest of the World.

North America is expected to observe a substantial growth owing to a surge in demand for light commercial vehicles in the transportation industry. In this region, the U.S will foresee a surge of over 5% in the next five years in the commercial vehicle industry. It is the prevalent region for the component worldwide

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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 Leaf Springs Market Segmentation

8.      Automotive Leaf Springs Market Landscape

9.      Vendor Matrix


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