Market Overview:
The global semi-elliptical 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 commercial vehicles and passenger cars across the globe. Additionally, the rising awareness about safety features in vehicles is also propelling the growth of this market. On the basis of type, multi-leaf springs are expected to account for a larger share than mono-leaf springs during the forecast period. Multi-leaf springs offer better ride quality as compared to mono-leaf springs and are hence preferred by consumers across different regions. On the basis of application, passenger cars are anticipated to hold a larger share than commercial vehicles during 2018–2030 owing to increase in sales of passenger cars globally. North America dominates this market followed by Europe and Asia Pacific region respectively due To high demand for luxury cars In North America region while Europe Is majorly driven By replacement demand For leaf Springs In Commercial Vehicle segment .
Product Definition:
A semi-elliptical leaf spring is a type of leaf spring that is curved in one direction and flat in the other. This type of leaf spring is used to absorb shock and provide stability.
Multi-leaf Spring:
Multi-leaf spring is a collection of leaves which are wound around a common stem. The number of leaves in the multi-leaf spring depends on the load it has to carry and its intended use. For instance, if it's used in an automobile then there would be more number of leaves as compared to if it's used for a computer desk.
Mono-leaf Spring:
The mono-leaf spring is a single leaf spring with two leaves. It has the advantage of being able to provide more force in one direction than a regular leaf spring, which helps in maintaining stability and stiffness during compression. The mono-leaf can be used as an alternative to semi-elliptical or other compound leaves for applications that require high load carrying capacity but limited weight and complexity.
Application Insights:
The passenger car segment held the largest share of over 60.0% in 2017. The use of semi-elliptical leaf springs in passenger cars helps to absorb the impact caused by a collision and also provides better handling characteristics, which is likely to drive their demand further. In addition, increasing penetration of electronic stability control systems is expected to positively influence market growth over the forecast period.
Commercial vehicles are projected to witness significant growth over the forecast period owing to rising demand for trucks and buses with improved maneuverability and comfort on long journeys. Semi-elliptical leaf spring offers good damping properties, which aids suspension tuning for improving ride quality without compromising safety margins during braking or acceleration cycles, thereby driving their adoption in commercial vehicles as well as heavy trucks where low maintenance cost is an important factor influencing product selection process. Increasing preference towards electric power steering has also aided market penetration in light commercial vehicles (LCVs).
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region over the forecast period. The growth can be attributed to increasing automobile production in countries, such as India, Indonesia, and China. Moreover, rising disposable income of consumers and rapid urbanization are also expected to drive the regional market over the next eight years.
The Asia Pacific was followed by Europe in terms of revenue with a share of 24.0% in 2017 owing to high demand for semi-elliptical leaf springs from various application industries across countries including Germany, France Italy Russia Spain U.K.
Growth Factors:
- Increasing demand for lightweight vehicles: The global trend of downsizing and weight reduction in vehicles is expected to drive the demand for semi-elliptical leaf springs as they are lighter in weight than other types of leaf springs.
- Growing popularity of SUVs and pickup trucks: The increasing popularity of SUVs and pickup trucks is expected to boost the demand for semi-elliptical leaf springs as these vehicles require a robust suspension system.
- Rising automotive production in developing countries: The rising automotive production in developing countries is projected to create opportunities for the growth of the semi-elliptical leaf spring market during the forecast period.
- Technological advancements: The development of advanced technologies such as composite materials is likely to fuel the growth of the semi-elliptical leaf spring market over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Semi-elliptical Leaf Spring Market Research Report
By Type
Multi-leaf Spring, Mono-leaf Spring
By Application
Passenger Car, Commercial Vehicle
By Companies
Fangda, Hendrickson, Dongfegn, Jamna Auto Industries, Fawer, RSA, Shuaichao, Eaton Detroit Spring, Chongqing Hongqi, Hubei Shenfeng, Fangda, Leopord, Mitsubishi Steel, Shuangli Banhuang, OLGUN CELIK, Standens, Owen Springs, Hayward
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
154
Number of Tables & Figures
108
Customization Available
Yes, the report can be customized as per your need.
Global Semi-elliptical Leaf Spring Market Report Segments:
The global Semi-elliptical Leaf Spring market is segmented on the basis of:
Types
Multi-leaf Spring, Mono-leaf Spring
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
Passenger Car, Commercial Vehicle
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:
- Fangda
- Hendrickson
- Dongfegn
- Jamna Auto Industries
- Fawer
- RSA
- Shuaichao
- Eaton Detroit Spring
- Chongqing Hongqi
- Hubei Shenfeng
- Fangda
- Leopord
- Mitsubishi Steel
- Shuangli Banhuang
- OLGUN CELIK
- Standens
- Owen Springs
- Hayward
Highlights of The Semi-elliptical 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:
- Multi-leaf Spring
- Mono-leaf Spring
- By Application:
- Passenger Car
- Commercial Vehicle
- 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 Semi-elliptical 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.
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- Correctly Positioning New Products
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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?
Semi-elliptical leaf springs are a type of suspension system that uses two leaves to provide lateral support. This design is often used in vehicles because it provides better handling and stability.
Some of the major companies in the semi-elliptical leaf spring market are Fangda, Hendrickson, Dongfegn, Jamna Auto Industries, Fawer, RSA, Shuaichao, Eaton Detroit Spring, Chongqing Hongqi, Hubei Shenfeng, Fangda, Leopord, Mitsubishi Steel, Shuangli Banhuang, OLGUN CELIK, Standens, Owen Springs, Hayward.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Semi-elliptical 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 Semi-elliptical Leaf Spring Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Semi-elliptical 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 Semi-elliptical 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 Semi-elliptical Leaf Spring Market Size & Forecast, 2020-2028 4.5.1 Semi-elliptical Leaf Spring Market Size and Y-o-Y Growth 4.5.2 Semi-elliptical 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 Multi-leaf Spring
5.2.2 Mono-leaf Spring
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 Passenger Car
6.2.2 Commercial Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Semi-elliptical 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 Semi-elliptical 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 Multi-leaf Spring
9.6.2 Mono-leaf Spring
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 Passenger Car
9.10.2 Commercial Vehicle
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 Multi-leaf Spring
10.6.2 Mono-leaf Spring
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 Passenger Car
10.10.2 Commercial Vehicle
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 Multi-leaf Spring
11.6.2 Mono-leaf Spring
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 Passenger Car
11.10.2 Commercial Vehicle
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 Multi-leaf Spring
12.6.2 Mono-leaf Spring
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 Passenger Car
12.10.2 Commercial Vehicle
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 Multi-leaf Spring
13.6.2 Mono-leaf Spring
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 Passenger Car
13.10.2 Commercial Vehicle
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 Semi-elliptical Leaf Spring Market: Competitive Dashboard
14.2 Global Semi-elliptical Leaf Spring Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Fangda
14.3.2 Hendrickson
14.3.3 Dongfegn
14.3.4 Jamna Auto Industries
14.3.5 Fawer
14.3.6 RSA
14.3.7 Shuaichao
14.3.8 Eaton Detroit Spring
14.3.9 Chongqing Hongqi
14.3.10 Hubei Shenfeng
14.3.11 Fangda
14.3.12 Leopord
14.3.13 Mitsubishi Steel
14.3.14 Shuangli Banhuang
14.3.15 OLGUN CELIK
14.3.16 Standens
14.3.17 Owen Springs
14.3.18 Hayward