Automotive Coil Spring Market Worldwide Overview, Competitive Dynamics and Forecast To 2027 By Key Players: Kilen Springs, GKN, Sogefi Group, NHK Nasco, Mubea, Betts Spring, MSSC, Hyperco, Neapco, Alco, Draco Spring, UNI AUTO PARTS

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%. 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.

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.

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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.

Industry News

• 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.

• 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 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 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.

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

Competitive Landscape

Some of the prominent 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).

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.

Regional Outlook

Geographically, the global automotive coil spring market has been divided into North America, Europe, Asia Pacific and Rest of the World.
Asia-Pacific is one of the emerging markets with significant investment going into the manufacturing and production industry.
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.

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