openPR Logo
Press release

Global Automotive Composite Suspension Components Market – Set to reach US$ 100 million in 2023

08-14-2019 11:21 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Stratview Research

Global Automotive Composite Suspension Components Market –

Stratview Research experts have done an extensive study of data from different sources and have analyzed them to come up with the Automotive Composite Suspension Components Market report. The report offers insight into the current market trend and the future estimations.
The report on Automotive Composite Suspension Components Market, published on may, 2018 by Stratview Research, will showcase the market trend of 2012-2017 and forecast period of 2018-2023.

Get a Free Sample of the Report here: https://www.stratviewresearch.com/Request-Sample/184/automotive-composite-suspension-components-market.html

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 supply chain of this market comprises raw material suppliers, composite component manufacturers, OEMs, distributors, and end users. The global automotive composite suspension components market is highly consolidated with the presence of a dozen of global players. The key players are Liteflex LLC, IFC Composite GmbH, Benteler-SGL, and Sogefi Group. New product development, capacity expansion, and process optimization are the key strategies adopted by the major players to gain a competitive edge in the market.

Looking for a specific topic? Scan through the Table of Contents here: https://www.stratviewresearch.com/toc/184/automotive-composite-suspension-components-market.html

OR

View detailed summary of the report here: https://www.stratviewresearch.com/184/automotive-composite-suspension-components-market.html

The report on Automotive Composite Suspension Component Market is explained segment-wise for a better understanding of the market trend.

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.

Salient Features of the Report
The Stratview Report will offer you a detailed view the growth of the global automotive composite suspension component market and the future prospects of the market. Here are the key features of the report:
• Strategic Segmentation
• Competitive Analysis
• Strategic Growth Opportunities
• Swot Analysis
• Key Players
• Forecast Analysis & Future Growth

What we offer?
The global market research company, Stratview Research has been dealing with different market research reports in different sectors such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas. The team consists of the best experts who are known to offer the best assessments and screenings so that the interested companies can afford to rely upon and take corrective decisions ahead.

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

About Stratview Research
Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Global Automotive Composite Suspension Components Market – Set to reach US$ 100 million in 2023 here

News-ID: 1822224 • Views: 130

More Releases from Stratview Research

Floor Adhesives Market Size to Grow at a CAGR of 5.1% by 2023
Floor Adhesives Market is expected to grow at a CAGR of 5.1% during 2018-2023, according to a newly added report by Stratview Research. This represents an attractive growth opportunity in the entire ecosystem of the market. Growing global construction industry, increasing consumption of adhesives globally, increasing use of water-based adhesives over solvent-based adhesives to reduce VOC emissions, replacement of mechanical fastening systems with adhesives, and the ability of adhesives to
Harmonic Filter Market Size to Grow at a CAGR of 6.4% by 2023
Harmonic Filter Market is expected to grow at a CAGR of 6.4% during 2018-2023, according to a newly added report by Stratview Research. Increasing use of power electronics that basically operates through electronic switching, increasing levels of harmonic distortions of voltage and current waveforms in power systems, increasing usage of variable frequency drives (VFDs), rising demand from the data centers and IT industries, increasing number of metal arc furnaces worldwide,
Sprayed-in-Place Pipe (SIPP) Market Size to Grow at a CAGR of 4.4% by 2024
Sprayed-in-Place Pipe (SIPP) Market is expected to grow at a CAGR of 4.4% during 2019-2024, according to a newly added report by Stratview Research. The SIPP market is mainly driven by the spending of government and municipal corporations towards infrastructure rehabilitation. Most of the water main pipes, wastewater pipes, and storm pipes in the major countries, such as the USA, Germany, and Canada, have reached or almost reaching their retirement
Trenchless Pipe Rehabilitation Market Size to Grow at an impressive CAGR by 2025
The trenchless pipe rehabilitation market is projected to grow at an impressive rate over the next five years to reach an estimated value of US$ 6.4 billion in 2025., according to a newly added report by Stratview Research. The market is mainly driven by the increase in spending of government and municipal corporations of various countries towards infrastructure rehabilitation. Furthermore, increasing awareness towards trenchless (no-dig) technologies in many nations, especially

All 5 Releases


More Releases for Composite

New commercial strategy for Windform® composite materials
The Windform® materials in the worldwide selection of powders for Additive Manufacturing are esteemed as top-level in outstanding performance and mechanical properties. The aim of CRP Technology is to ensure the highest quality in the manufacture of 3D printed components in Windform®. This has characterized the modus operandi of CRP Technology for over 20 years. For this reason, the company has revised its commercial policy: Windform® composite materials will no longer be
Global Composite Switches Market Insights, Forecast 2025
This report presents the worldwide Composite Switches market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application. This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis. Get sample copy of report: https://www.marketdensity.com/contact?ref=Sample&reportid=125541 Table of Contents 1 Study Coverage
Composite Kitchen Sinks Market
Dulcimer Instruction Market The Global Dulcimer Instruction Market 2019 Research Report incorporates a total and careful investigation of Dulcimer Instruction industry covering diverse perspectives like market volume, piece of the overall industry, advertise techniques, Dulcimer Instruction development patterns, assortment of uses, use volume, request and supply examination, creation limit and Dulcimer Instruction industry cost structures amid Forecast period from 2019 to 2025. The report titled Global Dulcimer Instruction Market 2019
Composite Repairs Market SWOT Overview 2025
Global Composite Repairs Market: Snapshot In the recent times, many governments across the world have emphasized on the conservation of monuments and old structures, which has led to a significant increase in investments in the rehabilitation of old constructions. This, consequently, is fueling the demand for composite repairs, worldwide. Commonly, composite repairs are performed on damaged parts of automotive panels, aircraft, hull and deck of boat, wind blades, bridges, panels used
Optaglio focuses on composite identity cards
Optaglio, the global leader in high-resolution security holograms, launched Optaglio OVConnect product for seamless integration of holograms into composite ID cards. This innovation complements unique patented solution for polycarbonate, OVMesh. “Our consultants are sometimes asked what is more suitable, polycarbonate or composite. It depends on the particular situation. A lot of factors play their role, but it seems that lifecycle is the key. If you can change cards each - let
Global Composite Structural Repairs Market Highlights 2022
Qyresearchreports include new market research report "Global Composite Structural Repairs Market Size,Status and Forecast 2025" to its huge collection of research reports. The global market for Composite Structural Repairs has been witnessing a transitional phase. With a highlight on these changes, this research study presents an in-depth analysis of the worldwide Composite Structural Repairs market during the period from 2018 to 2023. The market report provides a comprehensive picture of the latest