Market Overview:
The global automotive helical spring market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for automobiles, globally. Helical springs are used in various applications such as automotive OEM and aftermarket. The below 4 inch segment is expected to dominate the global automotive helical spring market during the forecast period, owing to its low cost and easy installation.
Product Definition:
An automotive helical spring is a type of coiled metal spring that is used in cars and other vehicles to store energy and create resistance against forces such as compression or extension. The primary benefit of using a helical spring in an automotive application is that it can provide a high level of resistance while occupying minimal space. This makes them ideal for use in shocks, suspensions, and clutches.
below 4 inch:
Helical spring is a type of coiled elasticity element that stores energy in the form of stored elastic potential. It's major application is in the automotive sector, where it used for front suspension and steering systems. Helical springs are also used in other applications such as watches, cameras, computers and telephones among others. The key properties associated with this product includes high storage capacity (inertia) and low-storage compression (elasticity).
above 4 inch:
4 inch and above Helical Spring is used in Automotive suspension system to provide damping or resistance against vertical movement of vehicle. It’s main function is to absorb the shocks between road surface and the vehicle body, thus maintaining stability of ride quality.
Application Insights:
Automotive OEM was the largest application segment in 2017 and accounted for a market share of more than 80% in terms of revenue. The segment is expected to witness significant growth over the forecast period on account of increasing demand for vehicles from major automotive OEMs such as Ford Motor Company, General Motors Company and Toyota Motor Corporation.
The growing popularity and high performance offered by continuously variable transmission (CVT) coupled with the fuel efficiency improvement program initiated by major governments are likely to augment industry growth over the coming years. In addition, technological advancements in robotics along with rising applications across various industries including medical are anticipated to boost industry size further.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region, owing to the presence of key automotive OEMs and major aftermarket service centers. The region accounted for over 35% of the overall market in 2017. Increasing per capita income levels in developing countries such as India and China are anticipated to fuel vehicle sales in this region. Furthermore, favorable government regulations aimed at promoting new investments are projected to open new avenues for industry participants over the forecast period.
North America held a significant share of global revenue due to high demand from U.S., which is one of the largest markets for automobiles globally since it has a large number of carmakers across different segments operating on domestic level as well as on international level with presence across all major regions including Europe, Asia Pacific and South American countries). However, rising COVID-19 cases in U.
Growth Factors:
- Increasing demand for fuel-efficient vehicles: The global automotive helical spring market is expected to grow at a CAGR of 5.5% during the forecast period, owing to the increasing demand for fuel-efficient vehicles.
- Rising disposable income in developing countries: The growth of the automotive helical spring market is also attributed to the rising disposable income in developing countries, which has led to an increase in consumer spending on automobiles.
- Technological advancements: Automotive helical springs are witnessing technological advancements with respect to design and material, which is resulting in their increased adoption across different vehicle segments.
- Stringent emission norms: Stringent emission norms are compelling OEMs to adopt advanced technologies and components that help reduce emissions from vehicles, thereby driving the growth of the global automotive helical spring market . 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Helical Spring Market Research Report
By Type
below 4 inch, above 4 inch
By Application
Automotive OEM, Automotive Aftermarket
By Companies
GKN, Sogefi, Mubea Fahrwerksfedern GmbH, Mitsubishi Steel, Federal-Mogul, Lesjofors, NHK Spring, Kilen Springs, Hyperco, Betts Spring, GKN, LIHUAN, JinYing, Yutian Hengtong
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
149
Number of Tables & Figures
105
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Helical Spring Market Report Segments:
The global Automotive Helical Spring market is segmented on the basis of:
Types
below 4 inch, above 4 inch
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive OEM, Automotive Aftermarket
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- GKN
- Sogefi
- Mubea Fahrwerksfedern GmbH
- Mitsubishi Steel
- Federal-Mogul
- Lesjofors
- NHK Spring
- Kilen Springs
- Hyperco
- Betts Spring
- GKN
- LIHUAN
- JinYing
- Yutian Hengtong
Highlights of The Automotive Helical Spring Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- below 4 inch
- above 4 inch
- By Application:
- Automotive OEM
- Automotive Aftermarket
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Automotive Helical Spring Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Automotive helical springs are a type of spring that is used in automobiles, trucks, and other vehicles. They are made from a metal wire that is twisted around itself to create the desired shape. This creates an elasticity that allows the spring to store energy and then release it when needed. Automotive helical springs are often used in areas where weight is important, such as the suspension system or steering wheel.
Some of the major companies in the automotive helical spring market are GKN, Sogefi, Mubea Fahrwerksfedern GmbH, Mitsubishi Steel, Federal-Mogul, Lesjofors, NHK Spring, Kilen Springs, Hyperco, Betts Spring, GKN, LIHUAN, JinYing, Yutian Hengtong.
The automotive helical spring market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Helical Spring Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Automotive Helical Spring Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automotive Helical Spring Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Automotive Helical Spring Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Automotive Helical Spring Market Size & Forecast, 2018-2028
4.5.1 Automotive Helical Spring Market Size and Y-o-Y Growth
4.5.2 Automotive Helical Spring Market Absolute $ Opportunity
Chapter 5 Global Automotive Helical Spring Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Automotive Helical Spring Market Size Forecast by Type
5.2.1 below 4 inch
5.2.2 above 4 inch
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Automotive Helical Spring Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Automotive Helical Spring Market Size Forecast by Applications
6.2.1 Automotive OEM
6.2.2 Automotive Aftermarket
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive Helical Spring Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Automotive Helical Spring Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Automotive Helical Spring Analysis and Forecast
9.1 Introduction
9.2 North America Automotive Helical Spring Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Automotive Helical Spring Market Size Forecast by Type
9.6.1 below 4 inch
9.6.2 above 4 inch
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Automotive Helical Spring Market Size Forecast by Applications
9.10.1 Automotive OEM
9.10.2 Automotive Aftermarket
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Automotive Helical Spring Analysis and Forecast
10.1 Introduction
10.2 Europe Automotive Helical Spring Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Automotive Helical Spring Market Size Forecast by Type
10.6.1 below 4 inch
10.6.2 above 4 inch
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Automotive Helical Spring Market Size Forecast by Applications
10.10.1 Automotive OEM
10.10.2 Automotive Aftermarket
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Automotive Helical Spring Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Automotive Helical Spring Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Automotive Helical Spring Market Size Forecast by Type
11.6.1 below 4 inch
11.6.2 above 4 inch
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Automotive Helical Spring Market Size Forecast by Applications
11.10.1 Automotive OEM
11.10.2 Automotive Aftermarket
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Automotive Helical Spring Analysis and Forecast
12.1 Introduction
12.2 Latin America Automotive Helical Spring Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Automotive Helical Spring Market Size Forecast by Type
12.6.1 below 4 inch
12.6.2 above 4 inch
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Automotive Helical Spring Market Size Forecast by Applications
12.10.1 Automotive OEM
12.10.2 Automotive Aftermarket
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Automotive Helical Spring Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Automotive Helical Spring Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Automotive Helical Spring Market Size Forecast by Type
13.6.1 below 4 inch
13.6.2 above 4 inch
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Automotive Helical Spring Market Size Forecast by Applications
13.10.1 Automotive OEM
13.10.2 Automotive Aftermarket
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Automotive Helical Spring Market: Competitive Dashboard
14.2 Global Automotive Helical Spring Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 GKN
14.3.2 Sogefi
14.3.3 Mubea Fahrwerksfedern GmbH
14.3.4 Mitsubishi Steel
14.3.5 Federal-Mogul
14.3.6 Lesjofors
14.3.7 NHK Spring
14.3.8 Kilen Springs
14.3.9 Hyperco
14.3.10 Betts Spring
14.3.11 GKN
14.3.12 LIHUAN
14.3.13 JinYing
14.3.14 Yutian Hengtong
