Press release
Automotive Coil Spring Market Size, Growth Analysis, Regional Outlook and Leading International Manufacturers by Forecast 2027
There is an opportunity in automotive coil spring market such that, as for automotive coil spring, its weight-saving has been achieved by increasing the design stress. We can use high steel spring material, so that it can reduce corrosion and increase its strength. There are some latest trends in automotive coil market are such that, coil springs absorb the perpendicular vibrations caused by the barriers on roads. Owing to their improved fatigue resistance and extraordinary strength to weight ratio, these springs are perfectly suited for various applications including coil-springs. Moreover, since these spring materials have interior damping, they aid in the absorption of vibration energy into the material, thereby reducing the noise of transmission, which makes them the best choice for the manufacturing of automotive coil springs.
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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.
Industry Top Key Players:-
• Kilen Springs
• GKN
• Sogefi Group
• NHK Nasco
• Mubea
• Betts Spring
• MSSC
• Hyperco
• Neapco
• Alco
• Draco Spring
• UNI AUTO PARTS
Regional Analysis of Automotive Coil Spring Market:-
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 – 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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