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Global Automotive Leaf Spring Suspension Market 2017-2021

Global Automotive Leaf Spring Suspension Market 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.

Technavio’s analysts forecast the global automotive leaf spring suspension market to grow at a CAGR of 4.53% during the period 2017-2021.

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
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?


Press Release

Technavio Announces the Publication of its Research Report – Global Automotive Leaf Spring Suspension Market 2017-2021

Technavio recognizes the following companies as the key players in the global automotive leaf spring suspension market: Rassini, Hendrickson, EMCO, and Jamna Auto Industries.

Other Prominent Vendors in the market are: Dongfeng Motor, FAW Group, Sogefi, and Olgun Celik.

Commenting on the report, an analyst from Technavio’s team said: “One trend in market is use of composite leaf springs for lightweighting of suspension systems. The leaf springs absorb the vertical vibrations caused by obstructions on the roads. The variations caused during spring deflection allows potential energy to be stored as strain energy and is released gradually over the course of time. The composites are ideally suited for leaf-spring applications mainly due to increased fatigue resistance and high strength to weight ratio.”

According to the report, one driver in market is increasing demand for M&HCVs for transporting freight. In the emerging countries, such as China and India, there is a growing preference for road transportation. The subsequent increase in the use of heavy- medium- and light-duty vehicles will lead to a decline in the demand for rail transport. In China, traffic jams are caused by heavy-duty trucks that transport goods from Mongolia to Beijing. Road transport is primarily used for transporting cargo due to the limited number of freight rail services in the country. Heavy-, medium-, and light-duty vehicles are extensively used for transporting cargo in China. There has been a subsequent decline of about 10.5% (year-on-year) in the volume of rail freight, which amounted to 3.4 billion tons in 2015. In 2014, there was a fall of 4.7% in the volume of rail freight.

Further, the report states that one challenges in market is growing preference for air suspension systems in emerging economies. There is an increasing preference for air suspension systems in emerging economies such as China and India. In India, the M&HCVs bus market will gradually switch to the air suspension technology. The air suspension system was introduced in India in the 1980s, though the actual use began in inter-city buses in the 1990s. The air suspension market has evolved over time and these devices are used in buses that can carry up to three tons of load with the help of high-capacity air compressors, reliable leveling valves, and push-to-fit connectors.

Companies Mentioned

Rassini, Hendrickson, EMCO, Jamna Auto Industries, Dongfeng Motor, FAW Group, Sogefi, and Olgun Celik.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
      • Table Segmentation of automotive leaf spring suspension market
    • Market size and forecast
      • Table Global automotive leaf spring suspension market 2016-2021 (millions of units)
      • Table Five forces analysis
  • Market segmentation by application
    • Global automotive leaf spring suspension market segmentation by application
      • Table Segmentation of global automotive leaf spring suspension market by application 2016
    • Global automotive leaf spring suspension market in LCVs
      • Table Global automotive leaf spring suspension market in LCVs 2016-2021 (millions of units)
      • Table Market size and forecast of LCVs in global automotive leaf spring suspension market 2016-2021 (millions of units)
    • Global leaf spring suspension market in M&HCV trucks
      • Table Global automotive leaf spring suspension market in M&HCV trucks 2016-2021
      • Table Market size and forecast of global automotive leaf spring suspension market in M&HCV trucks segment 2016-2021 (millions of units)
    • Global automotive leaf spring suspension market in M&HCV buses
      • Table Global automotive leaf spring suspension market in M&HCV buses 2016-2021 (millions of units)
      • Table Market size and forecast of global automotive leaf spring suspension market in M&HCV buses 2016- 2021 (millions of units)
  • Geographical segmentation
    • Global automotive leaf spring suspension market by geography
      • Table Global automotive leaf spring suspension market by geography 2016
      • Table Global automotive leaf spring suspension market by region 2016-2021 (millions of units)
    • Automotive leaf spring suspension market in APAC
      • Table Automotive leaf spring suspension market in APAC 2016-2021 (millions of units)
    • Automotive leaf spring suspension market in EMEA
      • Table Automotive leaf spring suspension market in EMEA 2016-2021 (millions of units)
    • Automotive leaf spring suspension market in Americas
      • Table Automotive leaf spring suspension market in Americas 2016-2021 (millions of units)
  • Key leading countries
    • Table Key leading countries
  • Market drivers
    • Increasing demand for M&HCVs for transporting freight
    • Increasing sales of LCVs and M&HCVs in APAC
    • Growth of e-commerce industry
      • Table Global users of internet by region 2015
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Growing preference for air suspension systems in emerging economies
    • Rise in number of car-sharing services
    • Stringent government regulations for owning cars
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Use of composite leaf springs for lightweighting of suspension systems
    • Rising demand for luxury bus and coaches
    • Increasing preference for strut coils over spring setups in LCVs in Europe
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • Rassini
      • Table Rassini: Business segmentation by revenue 2015
      • Table Sales by key OEMs (% share)
      • Table Rassini: Product portfolio
      • Table Rassini: Recent developments
    • Hendrickson
      • Table Hendrickson: Product portfolio
      • Table Hendrickson: Recent developments
    • EMCO
      • Table EMCO: Product portfolio
    • Jamna Auto Industries
      • Table Jamna Auto Industries: Product portfolio
      • Table Jamna Auto Industries: Recent developments
  • Appendix
    • List of abbreviations
  • Explore Technavio

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