Automotive Coil Springs

Global Automotive Coil Springs Market to Reach US$13.8 Billion by 2030

The global market for Automotive Coil Springs estimated at US$11.1 Billion in the year 2024, is expected to reach US$13.8 Billion by 2030, growing at a CAGR of 3.7% over the analysis period 2024-2030. Compression Spring Type, one of the segments analyzed in the report, is expected to record a 4.8% CAGR and reach US$7.8 Billion by the end of the analysis period. Growth in the Extension Spring Type segment is estimated at 2.3% CAGR over the analysis period.

The U.S. Market is Estimated at US$3.0 Billion While China is Forecast to Grow at 7.1% CAGR

The Automotive Coil Springs market in the U.S. is estimated at US$3.0 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.8 Billion by the year 2030 trailing a CAGR of 7.1% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.4% and 2.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.2% CAGR.

Global "Automotive Coil Springs" Market - Key Trends & Drivers Summarized

Why Are Coil Springs Still Indispensable in Modern Vehicle Architecture?

Despite the surge in advanced suspension systems and electronic damping technologies, automotive coil springs remain a foundational component in nearly every vehicle segment. These springs are critical for absorbing road shocks, maintaining tire contact with the surface, and ensuring ride comfort and stability. Their mechanical simplicity, durability, and cost-effectiveness make them indispensable across internal combustion engine (ICE) vehicles, hybrids, and electric vehicles (EVs). In both standard suspension setups and more complex multi-link systems, coil springs provide a passive yet consistent force that supports vehicle weight distribution and dynamic handling. OEMs continue to rely on innovative coil spring materials and geometries to balance comfort, performance, and longevity, particularly as vehicles grow heavier due to added technology and safety features.

What Role Does Material Innovation Play in Performance and Sustainability?

The evolution of materials used in coil springs is significantly shaping product performance and sustainability. Traditionally made from high-strength steel, coil springs are now increasingly developed using lightweight alloys and composite materials that reduce unsprung weight—enhancing fuel economy and handling. Advanced heat treatment and surface finishing technologies, such as shot peening and powder coating, improve fatigue resistance and corrosion protection, extending product life in harsh operating environments. As manufacturers focus on recyclability and lifecycle sustainability, coil spring suppliers are exploring green steel and recyclable composite alternatives. These innovations not only address regulatory pressures related to emissions and recyclability but also contribute to weight savings that are crucial in electric and hybrid platforms.

How Do Changing Vehicle Platforms and Mobility Trends Influence Demand?

The shift toward electrification, shared mobility, and SUV/crossover dominance is reshaping demand patterns for coil springs. Electric vehicles, for example, require springs that can handle higher curb weights due to battery packs while maintaining precise ride control and stability. Ride-hailing and last-mile delivery fleets also require durable suspension systems that can withstand frequent starts, stops, and varied payloads. The rising popularity of off-road-capable vehicles and premium SUVs has driven a surge in demand for performance-oriented coil springs that offer higher compression and rebound characteristics. As automakers consolidate platforms for global scalability, there is a push for adaptable coil spring designs that can serve multiple vehicle models while meeting region-specific driving conditions and regulatory requirements.

What Are the Specific Drivers Behind This Market’s Expansion?

The growth in the automotive coil springs market is driven by several factors including increasing global vehicle production—particularly of SUVs and EVs—alongside advancements in lightweight material science and evolving ride comfort expectations. OEMs are prioritizing suspension components that can support both traditional and electrified drivetrains without compromising vehicle dynamics. The proliferation of modular vehicle platforms necessitates versatile coil spring designs, while fleet and commercial vehicle operators are demanding more durable and maintenance-free solutions. Furthermore, climate-based design requirements are prompting the development of corrosion-resistant coil springs for specific geographies. Tier 1 and Tier 2 suppliers are also investing in automation and precision forming technologies to meet high-volume production needs with tight tolerances, reinforcing the market’s forward momentum.

SCOPE OF STUDY:

The report analyzes the Automotive Coil Springs market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Type (Compression Spring Type, Extension Spring Type, Torsion Spring Type); End-Use (Commercial Vehicles End-Use, Passenger Cars End-Use)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 44 Featured) -

• Chuo Spring Co., Ltd.
• Continental AG
• DAEWON Kang Up Co., Ltd.
• Eaton Detroit Spring
• Hendrickson USA, L.L.C.
• Hitachi Astemo, Ltd.
• Honda Foundry Co., Ltd.
• Hyundai Mobis
• Jamna Auto Industries Ltd.
• Kilen Springs (part of Lesjöfors)
• Lesjöfors AB
• Mando Corporation
• NHK Spring Co., Ltd.
• Rassini
• Sogefi Group
• SSS Automotive Springs
• Suzuki Garphyttan AB
• Thyssenkrupp AG
• Tinsley Bridge Ltd.
• ZF Friedrichshafen AG

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