Market Overview:
The global automotive leaf spring market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X%. The growth of the market can be attributed to the increasing demand for passenger cars and commercial vehicles. The global automotive leaf spring market has been segmented on the basis of type, application and region. On the basis of type, the market has been segmented into double end and open end. On the basis of application, the market has been segmented into semi-elliptical and transverse. Regionally, North America dominates the global automotive leaf spring market followed by Europe owing to high demand for passenger cars in these regions.
Product Definition:
A leaf spring is a simple, common design used for suspension in vehicles. It is a metal bar with leaves (or other shapes) of thin metal sheet hinged at one end, that are compressed together by the weight of the vehicle, and then decompress to absorb shock.
Double End:
Double end leaf spring is a type of suspension spring that has two ends, one attached to the frame at each side. The double-ended leaf springs are generally used in heavy vehicles such as trucks and buses for load-bearing purposes.
The growing demand for light commercial vehicles (LCVs) and passenger cars in developing countries across Asia Pacific is expected to drive the market over the forecast period.
Open End:
An open end is a leaf spring with no load limiters or crash protection. Open ends are used in applications where the springs need to be compressed slightly during sharp turns, as this helps reduce the turning radius and improve maneuverability.
The automotive industry has been witnessing significant technological advancements over the years, leading to more efficient production techniques and cost-effective solutions for various problems associated with automobiles.
Application Insights:
The semi-elliptical type segment held the largest share of over 50.0% in 2017. The segment is expected to witness significant growth owing to its high strength and durability, which makes it suitable for heavy vehicle applications. Moreover, increasing demand for trucks with payloads up to 15 tons is expected to propel the product demand over the forecast period.
Semi-elliptical leaf springs are used in various types of vehicles including light commercial vehicles (LCVs), medium commercial vehicles (MCVs), and heavy commercial Vehicles (HCVs). LCV application segments include both small vans as well as large passenger cars that are used for transporting goods throughout countries such as India, China, Thailand etc.
Regional Analysis:
Asia Pacific accounted for the largest market share in 2017 and is expected to continue its dominance over the forecast period. The region is home to some of the major automotive manufacturers such as Toyota, Honda, Suzuki, Isuzu Motors and Mazda. These companies are engaged in extensive R&D activities with an aim to develop advanced vehicles with superior performance characteristics at a lower cost. This has resulted in high demand for lightweight vehicles with enhanced safety features across this region.
The Asia Pacific regional market was followed by Europe that accounted for around 28% of total revenue share in 2017 owing to stringent government regulations regarding vehicle safety coupled with rising consumer demand for more reliable and safer cars that comply with Euro NCAP standards (ENNCAP). In addition, growing emphasis on fuel economy along with increasing sales of electric vehicles is anticipated to augment growth across this region during the forecast period.
Growth Factors:
- Increasing demand for lightweight vehicles to reduce fuel consumption and emissions
- Rising demand for SUVs and luxury cars
- Proliferation of electric vehicles and hybrids
- Stringent emission norms by regulatory authorities worldwide
- Technological advancements in leaf spring manufacturing
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Leaf Spring Market Research Report
By Type
Double End, Open End
By Application
Semi-elliptical, Transverse
By Companies
Rassini, Hendrickson, Sogefi, Jamna Auto Industries, Emco Industries, LITEFLEX, NHK Springs, Dongfeng Motors, Rassini
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
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Leaf Spring Market Report Segments:
The global Automotive Leaf Spring market is segmented on the basis of:
Types
Double End, Open End
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
Semi-elliptical, Transverse
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:
- Rassini
- Hendrickson
- Sogefi
- Jamna Auto Industries
- Emco Industries
- LITEFLEX
- NHK Springs
- Dongfeng Motors
- Rassini
Highlights of The Automotive Leaf 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:
- Double End
- Open End
- By Application:
- Semi-elliptical
- Transverse
- 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 Leaf 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 leaf springs are a type of suspension spring that is used in automobiles. They are made from metal and typically have several coils around a central rod. The coils help to support the weight of the car and keep it in place on the road.
Some of the key players operating in the automotive leaf spring market are Rassini, Hendrickson, Sogefi, Jamna Auto Industries, Emco Industries, LITEFLEX, NHK Springs, Dongfeng Motors, Rassini.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Leaf 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 Leaf Spring Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automotive Leaf 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 Leaf 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 Leaf Spring Market Size & Forecast, 2020-2028
4.5.1 Automotive Leaf Spring Market Size and Y-o-Y Growth
4.5.2 Automotive Leaf Spring Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Double End
5.2.2 Open End
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Semi-elliptical
6.2.2 Transverse
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive Leaf 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 Leaf 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Double End
9.6.2 Open End
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 Market Size Forecast by Applications
9.10.1 Semi-elliptical
9.10.2 Transverse
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Double End
10.6.2 Open End
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 Market Size Forecast by Applications
10.10.1 Semi-elliptical
10.10.2 Transverse
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Double End
11.6.2 Open End
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 Market Size Forecast by Applications
11.10.1 Semi-elliptical
11.10.2 Transverse
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Double End
12.6.2 Open End
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 Market Size Forecast by Applications
12.10.1 Semi-elliptical
12.10.2 Transverse
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Double End
13.6.2 Open End
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) Market Size Forecast by Applications
13.10.1 Semi-elliptical
13.10.2 Transverse
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 Leaf Spring Market: Competitive Dashboard
14.2 Global Automotive Leaf Spring Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Rassini
14.3.2 Hendrickson
14.3.3 Sogefi
14.3.4 Jamna Auto Industries
14.3.5 Emco Industries
14.3.6 LITEFLEX
14.3.7 NHK Springs
14.3.8 Dongfeng Motors
14.3.9 Rassini
