Europe Automotive Leaf Spring Suspension Market, By Type (Mono Leaf Springs, Multi Leaf Springs); By Vehicle Type (LCV, MCV, HCV); By Country (Germany, Italy, France, Spain, the Netherlands, Belgium, NORDIC Countries, Rest of Europe), Trend Analysis, Comp
Description
Europe Automotive Leaf Spring Suspension Market, By Type (Mono Leaf Springs, Multi Leaf Springs); By Vehicle Type (LCV, MCV, HCV); By Country (Germany, Italy, France, Spain, the Netherlands, Belgium, NORDIC Countries, Rest of Europe), Trend Analysis, Competitive Landscape & Forecast, 2022–2028
Europe Automotive Leaf Spring Suspension Market to Grow at 6.1% CAGR during 2022–2028
Europe automotive leaf spring suspension market is flourishing because of an increasing commercial vehicle usage, rising demand for sports utility vehicles (SUVs and pickup trucks, and growing environment awareness across the region.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, expects Europe Automotive Leaf Spring Suspension Market size to grow at a CAGR of 6.1% during the forecast period between 2022 and 2028. Rising disposable income and economic prosperity among Europeans, expanding industrial activities, and commercial businesses all contribute to increasing supply of light, medium, and heavy commercial vehicles. This, in turn, is expected to drive the Europe automotive leaf spring suspension market. Strict emission norms are compelling manufacturers to adopt modern technologies, such as automotive leaf spring suspension systems, which aid in the reduction of emissions from automobiles. A rising demand for luxury cars and sports utility vehicles (SUVs) are also boosting the growth of Europe automotive leaf spring suspension market. However, rising substitutes for automotive leaf spring suspension systems are anticipated to hamper the overall market growth during the forecast period.
Europe Automotive Leaf Spring Suspension Market – Overview
A leaf spring is a type of suspension spring formed of leaves that is typically found in wheeled vehicles. It is a semi-elliptical arm composed of one or more leaves that are either steel or other material strips that flex when under pressure but revert to their original form when not in use. Leaf springs are positioned between the wheels and the body of the vehicle. As it travels over a bump, the wheel elevates and deflects the spring, storing energy in the spring. The elasticity of the spring causes it to bounce when released, expanding the stored energy.
The expansion of Europe automotive leaf spring suspension market can be ascribed to a rising demand for commercial and passenger automobiles. Europe automotive leaf spring suspension market is divided into three sections: type, vehicle type, and geography. The type segment is split into two types: multi-leaf springs and mono-leaf springs. Because of advantages, such as improved ride quality and load carrying capability, the multi-leaf springs are more popular than mono-leaf springs.
Europe Automotive Leaf Spring Suspension Market – By Vehicle Type
Based on the vehicle type, Europe automotive leaf spring suspension market has segments: Light Commercial Vehicle (LCV), Medium Commercial Vehicle (MCV), and Heavy Commercial Vehicle (HCV) segments. Among these, the HCV segment held the highest market share in 2021 and is expected to continue its dominance in the coming years. The increased heavy transportation and logistics activities in the business sector around Europe are driving the demand for HCVs across the region. As compared to LCVs, which require both leaf spring and coil spring suspension depending on the loading conditions, automotive leafy spring suspensions are preferred among HCVs, such as trucks and buses. As a result, an increasing use of leaf springs in HCVs that aid in heavy loading operations is expected to drive the segment growth during the forecast period.
Impact of COVID-19 on Europe Automotive Leaf Spring Suspension Market
COVID-19 pandemic had a significant impact on Europe automotive leaf spring suspension market. Vehicle production in the region ceased due to reduced transportation and logistics operations and supply chain interruptions, and the region's experienced substantial impact on the deployment of automotive leaf spring suspension. Furthermore, major European countries, such as Germany, Italy, and Spain, took drastic steps, including travel restrictions, to prevent the spread of novel coronavirus. They also hold a sizable portion of the automobile leaf spring suspension market, as Europe has the stringent road safety requirements. Sales of various passenger cars and automobile production in European countries declined dramatically in 2020, and businesses required time to stabilize their operations. However, with the increased focus on new features and technology, the manufacturers can attract potential clients and expand their footprints in emerging markets. This aspect is projected to boost the Europe automotive leaf spring suspension market. In addition, post the relaxation of COVID-19 related restrictions, such as loosening of the transportation, travel and logistics restrictions, in Europe, the market is expected to grow at a high rate during the period in analysis.
Competitive Landscape
Major players operating in Europe automotive leaf spring suspension market include Hendrickson Commercial Vehicle Systems, Sogefi SpA, Olgun Celik A.S., HŽP a.s., Frauenthal Holding, IFC Composite GmbH, Owen Springs, Paddington Motor Springs, Jones Springs, Coil-Springs, Rossendale Road Springs, Lamina Suspension, and GME Springs. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product development.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and Europe Automotive Leaf Spring Suspension Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Europe Automotive Leaf Spring Suspension Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
Europe Automotive Leaf Spring Suspension Market to Grow at 6.1% CAGR during 2022–2028
Europe automotive leaf spring suspension market is flourishing because of an increasing commercial vehicle usage, rising demand for sports utility vehicles (SUVs and pickup trucks, and growing environment awareness across the region.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, expects Europe Automotive Leaf Spring Suspension Market size to grow at a CAGR of 6.1% during the forecast period between 2022 and 2028. Rising disposable income and economic prosperity among Europeans, expanding industrial activities, and commercial businesses all contribute to increasing supply of light, medium, and heavy commercial vehicles. This, in turn, is expected to drive the Europe automotive leaf spring suspension market. Strict emission norms are compelling manufacturers to adopt modern technologies, such as automotive leaf spring suspension systems, which aid in the reduction of emissions from automobiles. A rising demand for luxury cars and sports utility vehicles (SUVs) are also boosting the growth of Europe automotive leaf spring suspension market. However, rising substitutes for automotive leaf spring suspension systems are anticipated to hamper the overall market growth during the forecast period.
Europe Automotive Leaf Spring Suspension Market – Overview
A leaf spring is a type of suspension spring formed of leaves that is typically found in wheeled vehicles. It is a semi-elliptical arm composed of one or more leaves that are either steel or other material strips that flex when under pressure but revert to their original form when not in use. Leaf springs are positioned between the wheels and the body of the vehicle. As it travels over a bump, the wheel elevates and deflects the spring, storing energy in the spring. The elasticity of the spring causes it to bounce when released, expanding the stored energy.
The expansion of Europe automotive leaf spring suspension market can be ascribed to a rising demand for commercial and passenger automobiles. Europe automotive leaf spring suspension market is divided into three sections: type, vehicle type, and geography. The type segment is split into two types: multi-leaf springs and mono-leaf springs. Because of advantages, such as improved ride quality and load carrying capability, the multi-leaf springs are more popular than mono-leaf springs.
Europe Automotive Leaf Spring Suspension Market – By Vehicle Type
Based on the vehicle type, Europe automotive leaf spring suspension market has segments: Light Commercial Vehicle (LCV), Medium Commercial Vehicle (MCV), and Heavy Commercial Vehicle (HCV) segments. Among these, the HCV segment held the highest market share in 2021 and is expected to continue its dominance in the coming years. The increased heavy transportation and logistics activities in the business sector around Europe are driving the demand for HCVs across the region. As compared to LCVs, which require both leaf spring and coil spring suspension depending on the loading conditions, automotive leafy spring suspensions are preferred among HCVs, such as trucks and buses. As a result, an increasing use of leaf springs in HCVs that aid in heavy loading operations is expected to drive the segment growth during the forecast period.
Impact of COVID-19 on Europe Automotive Leaf Spring Suspension Market
COVID-19 pandemic had a significant impact on Europe automotive leaf spring suspension market. Vehicle production in the region ceased due to reduced transportation and logistics operations and supply chain interruptions, and the region's experienced substantial impact on the deployment of automotive leaf spring suspension. Furthermore, major European countries, such as Germany, Italy, and Spain, took drastic steps, including travel restrictions, to prevent the spread of novel coronavirus. They also hold a sizable portion of the automobile leaf spring suspension market, as Europe has the stringent road safety requirements. Sales of various passenger cars and automobile production in European countries declined dramatically in 2020, and businesses required time to stabilize their operations. However, with the increased focus on new features and technology, the manufacturers can attract potential clients and expand their footprints in emerging markets. This aspect is projected to boost the Europe automotive leaf spring suspension market. In addition, post the relaxation of COVID-19 related restrictions, such as loosening of the transportation, travel and logistics restrictions, in Europe, the market is expected to grow at a high rate during the period in analysis.
Competitive Landscape
Major players operating in Europe automotive leaf spring suspension market include Hendrickson Commercial Vehicle Systems, Sogefi SpA, Olgun Celik A.S., HŽP a.s., Frauenthal Holding, IFC Composite GmbH, Owen Springs, Paddington Motor Springs, Jones Springs, Coil-Springs, Rossendale Road Springs, Lamina Suspension, and GME Springs. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product development.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and Europe Automotive Leaf Spring Suspension Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Europe Automotive Leaf Spring Suspension Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
150 Pages
- 1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
- 2. Executive Summary
- 3. Europe Automotive Leaf Spring Suspension Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Rising demand for commercial vehicles
- 3.2.1.2. Consumer preference for luxury cars and pickup trucks
- 3.2.2. Restraints
- 3.2.2.1. Use of air suspension as a substitute might limit the market expansion
- 3.2.3. Opportunities
- 3.2.3.1. Increasing sales of All Terrain Vehicles (ATVs)
- 3.2.4. Challenges
- 3.2.4.1. Further delays for the technology to develop and for consumers to embrace level 4 autonomous vehicles
- 3.3. Technology Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter’s Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
- 4. Europe Automotive Leaf Spring Suspension Market Overview
- 4.1. Market Size & Forecast, by Value, 2018–2028
- 4.1.1. By Value (USD Million)
- 4.2. Market Share & Forecast
- 4.2.1. By Type
- 4.2.1.1. Mono Leaf Springs
- 4.2.1.2. Multi Leaf Springs
- 4.2.2. By Vehicle Type
- 4.2.2.1. LCV
- 4.2.2.2. MCV
- 4.2.2.3. HCV
- 4.2.3. By Country
- 4.2.3.1. Germany
- 4.2.3.1.1. By Type
- 4.2.3.1.2. By Vehicle Type
- 4.2.3.2. UK
- 4.2.3.2.1. By Type
- 4.2.3.2.2. By Vehicle Type
- 4.2.3.3. Italy
- 4.2.3.3.1. By Type
- 4.2.3.3.2. By Vehicle Type
- 4.2.3.4. France
- 4.2.3.4.1. By Type
- 4.2.3.4.2. By Vehicle Type
- 4.2.3.5. Spain
- 4.2.3.5.1. By Type
- 4.2.3.5.2. By Vehicle Type
- 4.2.3.6. The Netherlands
- 4.2.3.6.1. By Type
- 4.2.3.6.2. By Vehicle Type
- 4.2.3.7. Belgium
- 4.2.3.7.1. By Type
- 4.2.3.7.2. By Vehicle Type
- 4.2.3.8. NORDIC Countries
- 4.2.3.8.1. By Type
- 4.2.3.8.2. By Vehicle Type
- 4.2.3.9. Rest of Europe
- 4.2.3.9.1. By Type
- 4.2.3.9.2. By Vehicle Type
- 5. Competitive Landscape
- 5.1. List of Key Players and Their Offerings
- 5.2. Europe Automotive Leaf Spring Suspension Company Market Share Analysis, 2021
- 5.3. Competitive Benchmarking, By Operating Parameters
- 5.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, and others)
- 6. Impact of Covid-19 on Europe Automotive Leaf Spring Suspension Market
- 7. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT)
- 7.1. Hendrickson Commercial Vehicle Systems
- 7.2. Sogefi SpA
- 7.3. Olgun Celik A.S.
- 7.4. HŽP a.s.
- 7.5. Frauenthal Holding
- 7.6. IFC Composite GmbH
- 7.7. Owen Springs
- 7.8. Paddington Motor Springs
- 7.9. Jones Springs
- 7.10. Coil-Springs
- 7.11. Rossendale Road Springs
- 7.12. Lamina Suspension
- 7.13. GME Springs
- 7.14. Other Prominent Companies
- 8. Key Strategic Recommendations
- 9. Research Methodology
- 9.1. Qualitative Research
- 9.1.1. Primary & Secondary Research
- 9.2. Quantitative Research
- 9.3. Market Breakdown & Data Triangulation
- 9.3.1. Secondary Research
- 9.3.2. Primary Research
- 9.4. Breakdown of Primary Research Respondents, By Country
- 9.5. Assumptions & Limitations
- *Financial information of case of non-listed companies can be provided as per availability.
- **The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.
- List of Figures
- Figure 1 Europe Automotive Leaf Spring Suspension Market Segmentation
- Figure 2 Europe Automotive Leaf Spring Suspension Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2021
- Figure 4 Europe Automotive Leaf Spring Suspension Market Size, By Value (USD Million), 2018–2028
- Figure 5 Europe Automotive Leaf Spring Suspension Market Share, By Type, By Value, 2018–2028
- Figure 6 Europe Automotive Leaf Spring Suspension Market Share, By Vehicle Type, By Value, 2018–2028
- Figure 7 Europe Automotive Leaf Spring Suspension Market Share, By Country, By Value, 2018–2028
- Figure 8 Germany Automotive Leaf Spring Suspension Market Size, By Value (USD Million), 2018–2028
- Figure 9 Germany Automotive Leaf Spring Suspension Market Share, By Type, By Value, 2018–2028
- Figure 10 Germany Automotive Leaf Spring Suspension Market Share, By Vehicle Type, By Value, 2018–2028
- Figure 11 UK Automotive Leaf Spring Suspension Market Size, By Value (USD Million), 2018–2028
- Figure 12 UK Automotive Leaf Spring Suspension Market Share, By Type, By Value, 2018–2028
- Figure 13 UK Automotive Leaf Spring Suspension Market Share, By Vehicle Type, By Value, 2018–2028
- Figure 14 Italy Automotive Leaf Spring Suspension Market Size, By Value (USD Million), 2018–2028
- Figure 15 Italy Automotive Leaf Spring Suspension Market Share, By Type, By Value, 2018–2028
- Figure 16 Italy Automotive Leaf Spring Suspension Market Share, By Vehicle Type, By Value, 2018–2028
- Figure 17 France Automotive Leaf Spring Suspension Market Size, By Value (USD Million), 2018–2028
- Figure 18 France Automotive Leaf Spring Suspension Market Share, By Type, By Value, 2018–2028
- Figure 19 France Automotive Leaf Spring Suspension Market Share, By Vehicle Type, By Value, 2018–2028
- Figure 20 Spain Automotive Leaf Spring Suspension Market Size, By Value (USD Million), 2018–2028
- Figure 21 Spain Automotive Leaf Spring Suspension Market Share, By Type, By Value, 2018–2028
- Figure 22 Spain Automotive Leaf Spring Suspension Market Share, By Vehicle Type, By Value, 2018–2028
- Figure 23 The Netherlands Automotive Leaf Spring Suspension Market Size, By Value (USD Million), 2018–2028
- Figure 24 The Netherlands Automotive Leaf Spring Suspension Market Share, By Type, By Value, 2018–2028
- Figure 25 The Netherlands Automotive Leaf Spring Suspension Market Share, By Vehicle Type, By Value, 2018–2028
- Figure 26 Belgium Automotive Leaf Spring Suspension Market Size, By Value (USD Million), 2018–2028
- Figure 27 Belgium Automotive Leaf Spring Suspension Market Share, By Type, By Value, 2018–2028
- Figure 28 Belgium Automotive Leaf Spring Suspension Market Share, By Vehicle Type, By Value, 2018–2028
- Figure 29 NORDIC Countries Automotive Leaf Spring Suspension Market Size, By Value (USD Million), 2018–2028
- Figure 30 NORDIC Countries Automotive Leaf Spring Suspension Market Share, By Type, By Value, 2018–2028
- Figure 31 NORDIC Countries Automotive Leaf Spring Suspension Market Share, By Vehicle Type, By Value, 2018–2028
- Figure 32 Rest of Europe Automotive Leaf Spring Suspension Market Size, By Value (USD Million), 2018–2028
- Figure 33 Rest of Europe Automotive Leaf Spring Suspension Market Share, By Type, By Value, 2018–2028
- Figure 34 Rest of Europe Automotive Leaf Spring Suspension Market Share, By Vehicle Type, By Value, 2018–2028
- List of Tables
- Table 1 Europe Automotive Leaf Spring Suspension Market Share, By Type, By Value, 2018–2028
- Table 2 Europe Automotive Leaf Spring Suspension Market Share, By Vehicle Type, By Value, 2018–2028
- Table 3 Europe Automotive Leaf Spring Suspension Market Share, By Country, By Value, 2018–2028
- Table 4
- Table 5 Germany Automotive Leaf Spring Suspension Market Share, By Type, By Value, 2018–2028
- Table 6 Germany Automotive Leaf Spring Suspension Market Share, By Vehicle Type, By Value, 2018–2028
- Table 7 UK Automotive Leaf Spring Suspension Market Share, By Type, By Value, 2018–2028
- Table 8 UK Automotive Leaf Spring Suspension Market Share, By Vehicle Type, By Value, 2018–2028
- Table 9 Italy Automotive Leaf Spring Suspension Market Share, By Type, By Value, 2018–2028
- Table 10 Italy Automotive Leaf Spring Suspension Market Share, By Vehicle Type, By Value, 2018–2028
- Table 11 France Automotive Leaf Spring Suspension Market Share, By Type, By Value, 2018–2028
- Table 12 France Automotive Leaf Spring Suspension Market Share, By Vehicle Type, By Value, 2018–2028
- Table 13 Spain Automotive Leaf Spring Suspension Market Share, By Type, By Value, 2018–2028
- Table 14 Spain Automotive Leaf Spring Suspension Market Share, By Vehicle Type, By Value, 2018–2028
- Table 15 The Netherlands Automotive Leaf Spring Suspension Market Share, By Type, By Value, 2018–2028
- Table 16 The Netherlands Automotive Leaf Spring Suspension Market Share, By Vehicle Type, By Value, 2018–2028
- Table 17 Belgium Automotive Leaf Spring Suspension Market Share, By Type, By Value, 2018–2028
- Table 18 Belgium Automotive Leaf Spring Suspension Market Share, By Vehicle Type, By Value, 2018–2028
- Table 19 NORDIC Countries Automotive Leaf Spring Suspension Market Share, By Type, By Value, 2018–2028
- Table 20 NORDIC Countries Automotive Leaf Spring Suspension Market Share, By Vehicle Type, By Value, 2018–2028
- Table 21 Rest of Europe Automotive Leaf Spring Suspension Market Share, By Type, By Value, 2018–2028
- Table 22 Rest of Europe Automotive Leaf Spring Suspension Market Share, By Vehicle Type, By Value, 2018–2028
- Table 23 Hendrickson Commercial Vehicle Systems Company Overview
- Table 24 Hendrickson Commercial Vehicle Systems Financial Overview
- Table 25 Sogefi SpA Company Overview
- Table 26 Sogefi SpA Financial Overview
- Table 27 Olgun Celik A.S. Company Overview
- Table 28 Olgun Celik A.S. Financial Overview
- Table 29 HŽP a.s. Company Overview
- Table 30 HŽP a.s. Financial Overview
- Table 31 Frauenthal Holding Company Overview
- Table 32 Frauenthal Holding Financial Overview
- Table 33 IFC Composite GmbH Company Overview
- Table 34 IFC Composite GmbH Financial Overview
- Table 35 Owen Springs Company Overview
- Table 36 Owen Springs Financial Overview
- Table 37 Paddington Motor Springs Company Overview
- Table 38 Paddington Motor Springs Financial Overview
- Table 39 Jones Springs Company Overview
- Table 40 Jones Springs Financial Overview
- Table 41 Coil-Springs Company Overview
- Table 42 Coil-Springs Financial Overview
- Table 43 Rossendale Road Springs Company Overview
- Table 44 Rossendale Road Springs Financial Overview
- Table 45 Lamina Suspension Company Overview
- Table 46 Lamina Suspension Financial Overview
- Table 47 GME Springs Company Overview
- Table 48 GME Springs Financial Overview
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