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Automotive Spring Market Size - By Type (Coil Springs, Leaf Springs, Torsion Springs, Gas Springs), Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, Two-Wheelers), Material, End Use, Sales Channel & Forecast, 2023 - 2032

Publisher Global Market Insights
Published Oct 03, 2023
Length 150 Pages
SKU # GMI18399537

Description

Automotive Spring Market Size - By Type (Coil Springs, Leaf Springs, Torsion Springs, Gas Springs), Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, Two-Wheelers), Material, End Use, Sales Channel & Forecast, 2023 - 2032


Global Automotive Spring Market share will witness 7.5% CAGR between 2023 and 2032, propelled by groundbreaking innovations launched by industry leaders. Advanced materials and design enhancements redefine suspension systems, enhancing vehicle performance and safety. For instance, in June 2022, Rheinmetall pioneered an unprecedented glass fiber suspension spring, a global innovation. Collaborating with a premium OEM, the technology group based in Düsseldorf unveiled this product in a prototype test vehicle. Distinguished by its patented design, the new spring impressed the automaker chiefly due to its notable weight advantage in the unsprung mass, alongside its exceptional performance capabilities.

Leading companies' innovative approaches cater to diverse automotive needs, offering lighter, more durable springs with improved resilience. These innovations, from adaptive suspension systems to advanced composite materials, drive market growth, meeting the demand for enhanced ride quality and efficiency. The industry's relentless pursuit of innovation shapes a dynamic market landscape, powering the automotive spring sector forward.

The overall Automotive Spring Market size is classified based on type, end-use, and region.

Leaf springs segment will undergo significant development from 2023 to 2032. Despite advancements in suspension systems, leaf springs remain integral, especially in commercial vehicles and trucks. Their robustness, cost-effectiveness, and ability to bear heavy loads maintain their relevance. Innovations in material composition and design, ensuring enhanced durability and ride quality, sustain the market's reliance on leaf springs. Their continued presence underscores their importance in meeting diverse automotive suspension needs.

Automotive spring market revenue from the clutch assemblies segment will register a noteworthy CAGR from 2023 to 2032. Springs within clutch assemblies play a pivotal role in enabling smooth engagement and disengagement of gears. As the automotive industry evolves towards more efficient and responsive transmissions, there's a heightened emphasis on innovative spring designs within these assemblies. This demand surge reflects the market's need for advanced spring technology to optimize clutch performance, contributing to smoother driving experiences and improved vehicle efficiency.

Europe automotive spring market will showcase a commendable CAGR from 2023 to 2032. As the region prioritizes sustainability and vehicle performance, there's a steady demand for innovative spring solutions. European automakers emphasize high-quality suspension systems, fostering a market environment that values durability, precision, and lightweight materials. This demand reflects a sophisticated automotive landscape where springs play a pivotal role in enhancing ride comfort, handling, and overall driving experience across diverse vehicle segments.

Table of Contents

150 Pages
Chapter 1 Methodology & Scope
1.1 Industry coverage
1.2 Market scope & definition
1.3 Base estimates & calculations
1.3.1 Data collection
1.4 Forecast parameters
1.5 COVID-19 impact analysis at global level
1.6 Data validation
1.7 Data Sources
1.7.1 Primary
1.7.2 Secondary
1.7.2.1 Paid sources
1.7.2.2 Unpaid sources
Chapter 2 Executive Summary
2.1 Automotive Spring industry 360 degree synopsis, 2018 - 2032
2.2 Business trends
2.3 Type trends
2.4 Material trends
2.5 Vehicle type trends
2.6 End-use trends
2.7 Sales channel trends
2.8 Regional trends
Chapter 3 Automotive Spring Industry Insights
3.1 Industry ecosystem analysis
3.2 Industry impact forces
3.2.1 Growth drivers
3.2.2 Industry pitfalls & challenges
3.3 Growth potential analysis
3.3.1 By material
3.3.2 By end-use
3.4 COVID- 19 impact analysis
3.5 Regulatory landscape
3.5.1 U.S.
3.5.2 Europe
3.6 Pricing analysis, 2022
3.7 Technology landscape
3.8 Porter's analysis
3.9 PESTEL analysis
3.10 Impact of Russia-Ukraine war
Chapter 4 Competitive Landscape, 2022
4.1 Introduction
4.2 Company matrix analysis, 2022
4.3 Global company market share analysis, 2022
4.4 Competitive positioning matrix
4.5 Strategy dashboard
Chapter 5 Automotive Spring Market Size and Forecast, By Type 2018 - 2032
5.1 Coil Springs
5.2 Leaf Springs
5.3 Torsion Springs
5.4 Gas Springs
5.5 Others
Chapter 6 Automotive Spring Market Size and Forecast, By Material 2018 - 2032
6.1 Steel Springs
6.2 Composite Springs
6.3 Plastic Springs
6.4 Others
Chapter 7 Automotive Spring Market Size and Forecast, By Vehicle Type 2018 - 2032
7.1 Passenger Cars
7.2 Light Commercial Vehicles (LCVs)
7.3 Heavy Commercial Vehicles (HCVs)
7.4 Two-Wheelers
7.5 Others
Chapter 8 Automotive Spring Market Size and Forecast, By End-Use 2018 - 2032
8.1 Suspension System
8.2 Engine Valves
8.3 Clutch Assemblies
8.4 Transmission System
8.5 Others
Chapter 9 Automotive Spring Market Size and Forecast, By Sales Channel 2018 - 2032
9.1 Original Equipment Manufacturers (OEMs)
9.2 Aftermarket
Chapter 10 Automotive Spring Market Size and Forecast, By Region 2018 - 2032
10.1 Key trends, by region
10.2 North America
10.2.1 U.S.
10.2.2 Canada
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 France
10.3.4 Spain
10.3.5 Italy
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 South Korea
10.4.6 Indonesia
10.4.7 Malaysia
10.5 Latin America
10.5.1 Brazil
10.5.2 Mexico
10.5.3 Argentina
10.6 MEA
10.6.1 South Africa
10.6.2 Saudi Arabia
10.6.3 UAE
10.6.4 Egypt
Chapter 11 Company Profiles
11.1 NHK Spring Co.Ltd
11.2 Sogefi Group
11.3 Mubea Fahrwerksfedern GmbH
11.4 Hendrickson USA L.L.C
11.5 Jamna Auto Industries Ltd.
11.6 Rassini S.A.B.De C.V.
11.7 Draco Spring Manufacturing Company
11.8 Betts Spring Manufacturing
11.9 Lesjöfors AB
11.10 Hyperco
11.11 M W Components
11.12 UNI AUTO-PARTS CO., LTD
11.13 Tata AutoComp Systems Ltd.
11.14 Stanley Spring & Stamping Corporation
11.15 Mack Springs

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