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Automotive Composite Leaf Springs Market 2018 Top Key Players LiteFlex, IFC, Benteler SGL, Mubea, Flex Form, ARC, Hyper Co, Hendrickson, Rassini, Pontiac Ventura

Automotive Composite Leaf Springs Market

Automotive Composite Leaf Springs Market

Market Overview:-

Global Automotive Composite Leaf Springs Market will witness a noticeable growth owing to production of light, medium and commercial vehicles. Increasing usage of rails in transporting heavy and bulky goods from one place to another will drive automotive composite leaf springs market. The product is an arch shaped steel of rectangular cross section and eliminating need for trailing arms and pan hard rod. Its heavy usage in commercial vehicle and railway carriage has influenced growth of product.

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Growing industrial activity, economic growth and rising disposable income will drive industry growth. Global commercial vehicle industry will grow at over 3% in the forecast time. With increasing transportation through roads has influenced product demand. Trucks, vans and SUV’s are widely used to carry passengers and goods. The product absorbs vertical variation caused by irregularities in the road, its high strength to weight ratio, fatigue resistance and natural frequency has mandated its use in commercial vehicles. Growing demand for viable vehicles has bolster automotive composite leaf springs market.

Top Key Players:-     

The key players of global Automotive Composite Leaf Springs Market are LiteFlex, IFC, Benteler SGL, Mubea, Flex Form, ARC, Hyper Co, Hendrickson, Rassini and Pontiac Ventura.

Regional Segmentations:-

North America followed by the U.S will foresee surge of over 5% in next five years in commercial vehicle industry. It is the largest region for the component worldwide. Globalization of vehicle concepts, rising infrastructure investment, increasing demand for food, refrigerated vehicles and improved safety features in commercial vehicles has increased demand for automotive composite leaf springs market.

Europe is highly prosperous region for the product, it manufacturers highest number of trucks in the world. It hosts many big truck manufacturing companies such as Mercedes, Invesco and Grebe. Its main focus in on manufacturing good quality product that are efficient, secure and environment friendly. With increasing demand and manufacturing of trucks, automotive composite leaf springs market will simultaneously growing.

Asia Pacific headed by Japan and Switzerland has most well-organized road transport infrastructure. Advance technology, road connectivity and substructure will drive product demand. Connectivity of the countries propel transportation of goods from one place to another through road transportation. Growing demand for commercial vehicle boosts the automotive composite leaf springs market.

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Bifurcation in automotive composite leaf springs market on the basis of its type includes transversal and longitudinal. It is extensively used in various automobile sectors such as light and heavy commercial vehicles and railways. Light commercial vehicle will account for more market share. Based on spring include mono and multi leaf spring. Manufacturing process involves division into shot peening, and prepreg layup. Its area of application includes vans, trucks, SUV’s and rail carriage.   

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Auto Blog: http://freeautomotivenews.com
Email: sales@gminsights.com
Web: www.gminsights.com

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