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Global Automotive Suspension Coil Springs Market 2019-2023

Global Automotive Suspension Coil Springs Market 2019-2023

About this market

Automobiles are becoming intelligent and smarter in terms of functionality and capabilities. This is because modern vehicles are finding greater application of electronics at the systems and components levels during the designing and manufacturing processes. Automotive components and parts made using materials such as steel, aluminum and others are helping improve performance, reliability, and durability of automotive system. The use of advanced forms of steel and aluminum in manufacturing is resulting in more reliable, durable components and parts of improve the overall performance of a vehicle. Technavio’s analysts have predicted that the automotive suspension coil springs market will register a CAGR of almost 2% by 2023.

Market Overview

Increasing in production of passenger and commercial vehicles

The global automotive industry has been witnessing growing demand for automobiles over the last decade. As coil springs are an integral part of automotive suspension systems, higher production of automobiles is driving the growth of the market.

Issues and concerns related top breakage of coil springs: vehicle recalls

Automotive suspension coil springs absorb energy exerted by the vehicle while moving over uneven surfaces and prevent it from getting transferred to the cabin. Although coil springs in suspension systems are fitted to provide comfort to occupants, any issue related to their functioning can lead to major concerns.

For the detailed list of factors that will drive and challenge the growth of the automotive suspension coil springs market during the 2019-2023, view our report.

Competitive Landscape

The automotive suspension coil springs market is fragmented since the market has a number of companies. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.’


PRESS RELEASE

Technavio Announces the Publication of its Research Report – Global Automotive Suspension Coil Springs Market 2019-2023

Technavio recognizes the following companies as the key players in the global automotive suspension coil springs market: BWI Group, Magneti Marelli, NHK SPRING, Tenneco, thyssenkrupp, and ZF Friedrichshafen.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is emerging active chassis systems revolutionizing the riding experience. The performance of automotive suspension and chassis control systems play an integral part in defining the driving or riding experience. The chassis forms the base of a vehicle, and the suspension system determines the comfort level. Both of these areas are undergoing innovative developments resulting in the emergence of improved versions or completely new systems.”

According to the report, one driver in the market is increase in production of passenger and commercial vehicles. The global automotive industry has been witnessing growing demand for automobiles over the last decade. The production of passenger and commercial vehicles increased in 2017. As coil springs are an integral part of automotive suspension systems, higher production of automobiles is driving the growth of the global automotive suspension coil springs market.

Further, the report states that one challenge in the market is increasing cost of vehicles due to rising prices of steel, aluminum. Automobiles are becoming intelligent and smarter in terms of functionalities and capabilities. This is because modern vehicles are finding greater application of electronics at the system and component levels during the designing and manufacturing processes. Automotive components and parts made using materials such as steel, aluminum, titanium or magnesium are helping improve performance, reliability, and durability of automotive systems.

Companies Mentioned

BWI Group
Magneti Marelli
NHK SPRING
Tenneco
thyssenkrupp
ZF Friedrichshafen

  • Executive summary
  • Scope of the report
  • Market landscape
    • Market ecosystem
      • Table Global automotive components market
      • Table Segments of global automotive components market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ billions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by application
    • Table Application - Market share 2018-2023 (%)
    • Comparison by application
      • Table Comparison by application
    • Passenger vehicles - Market size and forecast 2018-2023
      • Table Passenger vehicles - Market size and forecast 2018-2023 ($ billions)
      • Table Passenger vehicles - Year-over-year growth 2019-2023 (%)
    • Commercial vehicles - Market size and forecast 2018-2023
      • Table Commercial vehicles - Market size and forecast 2018-2023 ($ billions)
      • Table Commercial vehicles - Year-over-year growth 2019-2023 (%)
    • Market opportunity by application
      • Table Market opportunity by application
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 ($ billions)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • EMEA - Market size and forecast 2018-2023
      • Table EMEA - Market size and forecast 2018-2023 ($ billions)
      • Table EMEA - Year-over-year growth 2019-2023 (%)
    • Americas - Market size and forecast 2018-2023
      • Table Americas - Market size and forecast 2018-2023 ($ billions)
      • Table Americas - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • BWI Group
      • Table BWI Group - Vendor overview
      • Table BWI Group - Product segments
      • Table BWI Group - Organizational developments
      • Table BWI Group - Geographic focus
      • Table BWI Group - Segment focus
      • Table BWI Group - Key offerings
    • Magneti Marelli
      • Table Magneti Marelli - Vendor overview
      • Table Magneti Marelli - Business segments
      • Table Magneti Marelli - Organizational developments
      • Table Magneti Marelli - Key offerings
    • NHK SPRING
      • Table NHK SPRING - Vendor overview
      • Table NHK SPRING - Business segments
      • Table NHK SPRING - Organizational developments
      • Table NHK SPRING - Geographic focus
      • Table NHK SPRING - Segment focus
      • Table NHK SPRING - Key offerings
    • Tenneco
      • Table Tenneco - Vendor overview
      • Table Tenneco - Product segments
      • Table Tenneco - Organizational developments
      • Table Tenneco - Geographic focus
      • Table Tenneco - Segment focus
      • Table Tenneco - Key offerings
    • thyssenkrupp
      • Table thyssenkrupp - Vendor overview
      • Table thyssenkrupp - Business segments
      • Table thyssenkrupp - Organizational developments
      • Table thyssenkrupp - Geographic focus
      • Table thyssenkrupp - Segment focus
      • Table thyssenkrupp - Key offerings
    • ZF Friedrichshafen
      • Table ZF Friedrichshafen - Vendor overview
      • Table ZF Friedrichshafen - Business segments
      • Table ZF Friedrichshafen - Organizational developments
      • Table ZF Friedrichshafen - Geographic focus
      • Table ZF Friedrichshafen - Segment focus
      • Table ZF Friedrichshafen - Key offerings
  • Appendix
    • Research methodology
    • List of abbreviations
  • Explore Technavio

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