Automotive Coil Spring Global Market Top Key Plaayers:Kilen Springs (U.K.), GKN (U.K.), Sogefi Group (Italy), NHK Nasco (U.S.), Mubea (Germany), Betts Spring (U.S.), MSSC (U.S.), Hyperco (U.S.),

Automotive Coil Spring Global Market – Overview
An automotive coil spring is a form of spring that is commonly used for suspension purposes in wheeled vehicles. Coil springs were called a carriage spring, and sometimes it was referred to as a helical spring. A coil spring is that device which is used for storing the mechanical energy. Coil springs absorbs shocks and release after some time .Coil spring maintains the force between two contacting surfaces and make sufficient gap between them. Coil springs can be used as torsion springs and they are formed by winding a wire on the periphery of cylinder. As per the study conducted by Market Research Future, the global market for automotive coil spring is likely to grow at the CAGR of around 6.5%.

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Top Key Player:
Some of the key players in the Automotive Coil Spring market are Kilen Springs (U.K.), GKN (U.K.), Sogefi Group (Italy), NHK Nasco (U.S.), Mubea (Germany), Betts Spring (U.S.), MSSC (U.S.), Hyperco (U.S.), Neapco (U.S.), Alco (U.S.), Draco Spring (U.S.), UNI AUTO PARTS (Taiwan).

Industry News:-
In January, 2018 – Kilen’s market-leading range of coil springs is now available from Loverock Motor Parts Ltd, who have been serving customers in Dudley and the Black Country for over 80 years.
In December, 2017 – Kilen Springs are now supplying their latest range of coil springs to All Vehicle Parts’ new branch in Oakham, meaning even more customers will now benefit from the most up-to-date coil spring part numbers and vehicle applications.
In August, 2016 – Mubea innovation in the focus of the ERDF funding has developed specialised stainless steel for spring loaded- fasteners and for connecting spring elements.
In May, 2016 – United Springs invest around 1 Euro Million in new equipment. The major investment, a Bihler GRM NC recently acquired, will extend the capabilities of the Hengelo plant.

Regional Segmentation:-
Geographically, the global automotive coil spring market has been divided into North America, Europe, Asia Pacific and Rest of the World. The Europe and North America are one of the leading regions for the automotive coil spring market, mainly due to an already established infrastructure aiding the growth and development of the automotive coil spring market. Asia-Pacific is one of the emerging markets with significant investment going into the manufacturing and production industry.

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Automotive Coil Spring Global Market - Competitive Analysis
Automotive Coil Spring market will continue to develop globally, the vendor landscape of the Automotive Coil Springs market is characterized by the presence of large and small players focused mainly on innovation. Thanks to the availability of affordable tools and technologies, new entrants have been able to venture into the Automotive Coil Springs market, resulting in still competition at a global as well as regional level. When it comes to Automotive Coil Springs, branding also plays a major role.

Automotive Coil Spring Global Market – Segmentation
The scope of global automotive coil spring market is segmented into two major segments which are explained below:
By Type
• Helical Coil Spring
• Progressively Wound Spring
By Application
• Two Wheeler
• Four Wheeler
• Heavy Vehicles

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