Automotive Composite Suspension Components Market estimated to grow at impressive CAGR in the forecast period (2018-2023)

Summary:
The report on the Automotive Composite Suspension Components Market has been launched in May,2018 by Stratview Research is an all-inclusive report that talks about the market structure and growth in the forecast period of 2018-2023. The report also offers insights into different market segments and other factors affecting the market.

Click here for Report Description:
https://www.stratviewresearch.com/184/automotive-composite-suspension-components-market.html
Or
Request for a free sample here:
https://www.stratviewresearch.com/Request-Sample/184/automotive-composite-suspension-components-market.html

Stratview Research’s report states about the segment-wise current market condition, and also offers an estimation about future growths. The report has been generated after accumulating data from various authenticated sources such as journals, white papers, fact book, etc. As per the estimation, Automotive Composite Suspension Components Market is expected to inflate at impressive CAGR by the forecast period (2018 – 2023).

As per the report, the market is segmented by:
• By Component Type: Coil Springs, Leaf Springs, Stabilizer Bar, Suspension Arm, Others
• By Vehicle Type: Passenger Car, Light Commercial Vehicle, Medium- & Heavy-Duty Commercial Vehicle, Others
• By Manufacturing Process Type: Compression Molding Process, HP-RTM Process, Prepreg Layup Process, Other Processes
• By Region: North America, Europe, Asia-Pacific, Rest of the World

The Table of Contents can be gone through here:
https://www.stratviewresearch.com/toc/184/automotive-composite-suspension-components-market.html

Highlights of the Report:

The global automotive composite suspension components market is still at a nascent stage but possesses significant growth potential over the next five years to reach US$ 100 million in 2023. Organic growth of automobile production, growing preference for composite components in passenger and light commercial vehicles, development of new composite suspension applications, advancement in composites technology, and stringent government regulations regarding fuel efficiency and carbon emission reductions are the major factors that are burgeoning the demand for composite suspension components in the automotive industry.

Composite suspension components offer several benefits over steel components, such as lightweight, high durability, better vibration energy absorption, and excellent fatigue resistance. For example; composite leaf spring is up to five times more durable than that of similarly sized steel leaf springs at just the 1/7th weight.

The global automotive composite suspension components market is segmented based on component type as Leaf Spring, Coil Spring, Suspension Arm, Stabilizer Bar, and Other Components. Composite leaf spring is expected to remain the largest segment of the market during the forecast period. Composite leaf springs are mainly used in passenger cars and light commercial vehicles. Pickup, Van, and SUVs are the major vehicle types that are using composite leaf springs on either transversal or longitudinal position depending on requirements, vehicle design, etc. All the major OEMs are evaluating the usage of composite leaf springs in their major Pickup, VAN, and SUV models.

Based on the vehicle type, the global automotive composite suspension components market is segmented as passenger car, light commercial vehicle (LCV), medium & heavy duty commercial vehicle (M&HCV), and others. LCV currently dominates the global automotive composite suspension components market because of higher usage of composite leaf springs in LCVs. The passenger car segment is projected to witness the highest growth during the forecast period, driven by an increasing usage of leaf springs and coil springs.

Based on regions, Europe is expected to remain the largest market for composite suspension components in the automotive industry over the next five years, driven by higher usage of composite leaf springs in LCVs. North America and Asia-Pacific are likely to witness higher growth rates over the next five years, driven by a host of factors including gradual shift of assembly plants of OEMs in these regions, increasing penetration of composite leaf springs, and market entry of local composite leaf spring manufacturers.

Key Players of the Market
The market is consolidated in nature with five major players Benteler-SGL GmbH & Co KG, IFC Composite GmbH, Jamna Auto Industries Ltd., Hyperco, Liteflex LLC holding together the major share in the market, with Benteler-SGL GmbH & Co KG being the key player.

Other important firms are Mubea Fahrwerkstechnologien GmbH, Sogefi Group.

Features of the Report
The Report discusses about the working of the composite suspension component, the various types, and the growth of the composite suspension component in the global market. Here are the key features of the report:
• Strategic Segmentation
• Competitive Analysis
• Strategic Growth Opportunities
• Swot Analysis
• Key Players
• Forecast Analysis & Future Growth

For inquiries, Contact:
Ritesh Gandecha
Stratview Research
E-mail: sales@stratviewresearch.com
Direct: +1-313-307-4176

400 Renaissance Center, Suite 2600, Detroit, Michigan, MI 48243 United States of America

Know more about us and our reports:
Stratview Research is a global market research company and is known to offer custom research reports in varied fields such as aerospace & Defense, Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas. The team makes sure to have a deep research about the topics so that the most useful insights can be delivered to the professionals.

This release was published on openPR.