Automotive Coil Spring Market 2018 Top Key Players :- Kilen Springs (U.K.), GKN (U.K.), Sogefi Group (Italy), NHK Nasco (U.S.), Mubea (Germany), Betts Spring (U.S.), MSSC

Global Automotive Coil Spring Market Information Report by Type (Helical Coil Spring & Progressively Wound Spring), Application (Two Wheeler, Four Wheeler and Heavy Vehicles) and by Region - Forecast to 2027

Automotive Coil Spring Global Market – Overview

Spring technology is used frequently in all vehicles. Anytime a car has a great suspension it usually is using automotive coil springs. If a car doesn’t have automotive coil springs it will not survive the wear and tear of the road. The main automotive coil spring that is well known and branded is called the compression spring. The compression spring allows for pressure on both ends of the spring to push in. Once pushed in the compression protects the automotive vehicle.

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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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.

Key Players:-
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)

Market Synopsis of Automotive Coil Spring

Market Scenario
Recent surge in the automotive coil spring market is one of the major driving forces in recent times. Increased popularity of helical springs in the automotive industry and increasing demand for quality products in the automotive market has provided immense scope for growth and development globally.

Segments
The Automotive coil spring market has been segmented on the basis of type as helical coil spring and progressively wound spring. On the basis of application the market has been segmented as two wheeler, four wheeler and heavy vehicles.

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.

Study Objectives of Automotive Coil Spring

- To provide detailed analysis of the market structure along with forecast for the next 10 years of the various segments and sub-segments of the global Automotive Coil Spring market

- To provide insights about factors affecting the market growth

- To Analyze the Automotive Coil Spring market based on various factors- price analysis, supply chain analysis, Porters five force analysis.

- To provide historical and forecast revenue of the market segments and sub-segments with respect to six main geographies and their countries- North America, Europe, Asia-Pacific, South America, Middle East, and Africa

- To provide country level analysis of the market with respect to the current market size and future prospective

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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The report on Automotive Coil Spring of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value. Furthermore technological advancement and macro-economic factors in the market have also been discussed in detail in the report. The report provides detailed information and strategies of the key players in the industry. The report also provides a broad study of the different market segments and regions.

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This release was published on openPR.