Press release
Growing preference for Automotive Leaf Spring Suspension Market Will Reach At CAGR Of 4.53% Between 2017-2021
About Automotive Leaf Spring Suspension
Automotive leaf spring suspension is an arc-shaped spring steel mainly used in heavy commercial vehicles. It can be attached either at the rear or front of the vehicles to provide suspension. There is a high penetration of the automotive leaf spring suspension market in the M&HCVs segment in APAC. This region is the biggest market for automotive leaf spring suspension system due to the increasing demand for LCVs and M&HCV trucks. These vehicles are used in the construction industry and for developing infrastructures in China and India.
Technavios analysts forecast the global automotive leaf spring suspension market to grow at a CAGR of 4.53% during the period 2017-2021.
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Covered in this report
The report covers the present scenario and the growth prospects of the global automotive leaf spring suspension market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Automotive Leaf Spring Suspension Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
Rassini
Hendrickson
EMCO
Jamna Auto Industries
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Other prominent vendors
Dongfeng Motor
FAW Group
Sogefi
Olgun Celik
Market driver
Increasing demand for M&HCVs for transporting freight.
For a full, detailed list, view our report
Market challenge
Growing preference for air suspension systems in emerging economies.
For a full, detailed list, view our report
Market trend
Use of composite leaf springs for lightweighting of suspension systems.
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
You can request one free hour of our analysts time when you purchase this market report. Details are provided within the report.
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