openPR Logo
Press release

Automotive Leaf Springs Market Size to Rise at a Moderate CAGR of 2025

02-07-2018 09:12 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
Automotive Leaf Springs Market Size to Rise at a Moderate CAGR

Key priorities of automotive manufacturers include increasing operational performance, improving drivability, and ensuring the safe transport of cargo and passengers. Increasing acceptance of hybrid and electric vehicles and integration of smart and connected technologies have prompted manufacturers to focus on improving the power and drivetrain systems such as clutch, transmission, propeller shaft, axle, and leaf springs.

Leaf springs are located between the wheels and the body of the vehicle. When the wheel passes over a bump, it rises and deflects the spring; thereby, storing the energy in the spring. On releasing, due to the elasticity of the spring, it rebounds thereby expanding the stored energy. Increase in demand for automobiles globally, is driving the leaf spring market. The leaf springs are primarily used in light, medium, and heavy-duty commercial vehicles such as pick-up trucks and vans. Some passenger car manufacturers rely on use of leaf spring technology for better suspension. Leaf spring is experiencing demand from both, the automotive manufacturer market and the after-sales replacement market as they often require replacement.

The global automotive leaf springs market can be segmented based on material, process, position, vehicle, installation, type, and region. In terms of material, the automotive leaf springs market can be divided into metal and composite material. The composite material segment is the latest trend and is projected to boost the automotive leaf springs market during the forecast period.

Request A Sample Of This Report -

Utilization of composite material in new applications in various industries, as a replacement for metal, has increased due to its advantages such as higher strength-to-weight ratio, corrosion resistance, and workability. The automotive industry has witnessed adoption of composite material for applications where weight reduction plays a crucial role. Based on process, the automotive leaf springs market is classified into compression molding, injection molding, and prepreg layup.

Compression molding segment is expected to remain the most dominant manufacturing process in the automotive leaf springs market during the forecast period. Based on position, the automotive leaf springs market is segregated into front axle and rear axle. Rear axle segment drives the wheel connected to it and supports the weight of the vehicle. Increase in preference of consumers toward SUVs and MUVs as well as consistent rise in vehicle production are anticipated to propel the rear axle segment during the forecast period.

In terms of vehicle, the market can be split into passenger vehicle, light commercial vehicle, and heavy commercial vehicle. The light commercial vehicle segment is expected to continue propelling the automotive leaf springs market during the forecast period. Pick-up, van, and SUV are the major light commercial vehicle types that employ automotive leaf springs. All major automotive manufacturers are evaluating the use of automotive leaf springs in their pick-ups, vans, and SUVs. Based on installation, the automotive leaf springs markets is divided into transversal and longitudinal. In terms of type, the market is classified into mono leaf spring and multi leaf spring.

View Report -

The multi leaf spring segment is expanding rapidly in emerging markets due to the usage of light and heavy commercial vehicles. This in turn is anticipated to increase the demand for automotive leaf spring during the forecast period.

Based on geography, the global automotive leaf springs market is segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Europe is expected to account for the largest market share in terms of value, owing the presence of many key manufacturers in the region. Technological development in Europe is expected to create significant opportunities in the automotive leaf springs market during the forecast period.

Asia Pacific expected to expand significantly during the forecast period. The availability of labor and other necessary resources at a low price, in the region, is expected to drive the automotive leaf springs market during the forecast period. Japan has a large number of automotive manufacturers, which is projected to create demand for automotive leaf springs during the forecast period.

Buy This Report -<ype=S

Key players operating in the global automotive leaf springs market are Rassini, Hendrickson USA, L.L.C, Jamna Auto Industries Limited, Dongfeng Motor Corporation, NHK Spring Co. Ltd, Pontiac Ventura, and IFC Composite GmbH

Transparency Market Research (TMR) is a next-generation provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations

Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453

This release was published on openPR.

Permanent link to this press release:

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 Automotive Leaf Springs Market Size to Rise at a Moderate CAGR of 2025 here

News-ID: 934673 • Views: 105

More Releases from Transparency Market Research

Pre-Printed Paper Rolls Market Demand Analysis and Projected huge Growth by 2027
Pre-printed paper rolls can be a powerful marketing tool for any business. In addition to these pre-printed paper rolls can be used for several applications such as labels, tapes, QR codes, etc. Pre-printed paper rolls are cost-effective and form a brand impression on consumers. Pre-printed paper rolls can be printed in many colors. They are colorful and appealing and are not like ordinary papers. For More Detailed Analysis, Request PDF
Duffle Top Bulk Bags Market Generates Huge Revenue Till 2027- Study By Key Playe …
Duffle top bulk bags made from plastic last long and are highly durable. Duffle top bulk bags are flexible and are strong to carry heavy loads. They have lift straps fixed at the top of the bag, which helps in handling and movement of duffle top bulk bags. Duffle top bulk bags can be of various types, which include opening from the bottom or opening from top. They are lightweight
Multi-Dose Packaging System Market Demand & Future Scope Including Top Players
Medicinal wastage and error in taking proper medication lead to need for multi-dose packaging system. Multi-dose packaging system has various benefits, which includes assisting patients with complicated prescription routines and the ability to enhance patient safety. It provides high-quality, smart packaging and also provides convenience to the patients. Multi-dose packaging system provides consumers with product protection, quality, and patient comfort. It has normal handling, and the formulation present in the
Cargo Belt Market 2020 Growth Rate, Developments in Major Areas, Market Size, Dy …
Globalization leads to the need for transportation of goods over the longer distance. This will drive the demand for cargo belts in the logistics & transportation industry. During the transportation of goods, about one-fourth of the accidents occurred due to poor handling of goods, which can be avoided by using the cargo belt. They are used in light and heavy lorries, trailers trucks, ships, and air crafts. Request PDF Sample For

All 5 Releases

More Releases for Leaf

Moringa Leaf Powder Market High quality Moringa leaf powder is very rich in nutrients. These include 7 vitamins, 18 amino acids, 26 antiinflammatory substances, 46 antioxidants and a very high concentration of omega3, 6 and 9 fatty acids which are needed for a long and healthy life. From all plants analyzed so far, Moringa contains the highest concentration of chlorophyll, the "antiaging hormone" zeatin and many salvestrols. The global Moringa Leaf Powder market is valued
Natural Leaf Cigars Market Report 2018
Global Natural Leaf Cigars Market provides a basic overview of the markets including definitions, classifications, applications and industry chain structure. The Natural Leaf Cigars Market analysis is provided for the international Industry including development trends, competitive landscape analysis, and key regions development status. The Natural Leaf Cigars report provides key statistics on the market status of the Natural Leaf Cigars Market manufacturers and is a valuable source of guidance and
Leaf Vegetable Seeds Market Report 2018: Segmentation by Product (General Leaf V …
Global Leaf Vegetable Seeds market research report provides company profile for Bejo, Enza Zaden, Rijk Zwaan, Sakata, Takii, Nongwoobio, Longping High-Tech, Monsanto, Syngenta, Limagrain, Bayer Crop Science and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to
Clover Leaf Oil Market Clover leaf oil is well known for its advantages to oral …
About Clover Leaf Oil Market Low awareness regarding benefits of clover leaf oil in improving overall health of consumers is expected to restrain the global market from expanding at an impressive pace. Fact.MR’s report on the global clover leaf oil market projects that by the end of 2022, a little over US$ 528 Mn revenues will be procured from sales of clover leaf oil in the world, reflecting a moderate
Automotive Leaf Spring Suspension Market Report 2017
Automotive Leaf Spring Suspension Automotive Leaf Spring Suspension market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. For Full Report click on @ Geographically, this report split Asia-Pacific into several key Regions, with sales (K Units), revenue (Million USD), market share and growth rate of
Global Automotive Leaf Spring Market
Leaf springs were very common in vehicles, in 1970's in Japan and Europe and late 1970's in American region, when the front-wheel drive and more sophisticated designs were seen automobile manufacturers use coil springs. Today, leaf springs are utilized in heavy commercial vehicles such as trucks, vans, railway carriages etc. Leaf springs are generally consists of 4-21 leaves including the main leaf or mother plate. Automotive leaf springs are preferred