Press release
Suspension Spring Market to Witness Robust Expansion by 2023
A suspension spring is used to absorb shocks from road and store in the form of compressed energy which is later dissipated in the form of heat by dampers. Springs serve a purpose to provide you with a smooth comfortable ride.
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Global Suspension Spring Market: Forecast by Type / Application / Region
The classification of Suspension Spring includes Coil Spring, Air Spring and Leaf Spring. Coil Spring dominated the market in terms of volume with a share of 83.16% in 2017. In terms of value, the market share of leaf spring is largest with nearly 60% market.
According to this study, over the next five years the Suspension Spring market will register a 2.2% CAGR in terms of revenue, the global market size will reach US$ 8770 million by 2024, from US$ 7880 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Suspension Spring business, shared in Chapter 3.
Global Suspension Spring Market: Key Players
NHK Spring
Sogefi
Rassini
Hendrickson
Mubea
Mitsubishi Steel
Chuo Spring
Jamna Auto Industries
Fangda Special Steel
Dongfeng Motor Suspension
Continental
Thyssenkrupp
Fawer
Vibracoustic
Eaton Detroit
Lesjöfors
Betts Spring
KYB
Shandong Leopard
Eibach
Firestone
Kilen Springs
Vikrant Auto
Zhejiang Meili
Akar Tools
BJ Spring
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Related Information:
United States Suspension Spring Market Research Report 2018
Europe Suspension Spring Market Research Report 2018
North America Suspension Spring Market Research Report 2018
Asia-Pacific Suspension Spring Market Research Report 2018
China Suspension Spring Market Research Report 2018
EMEA Suspension Spring Market Research Report 2018
Global Suspension Spring Market Research Report 2018
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