The global leaf spring market is expected to grow at a CAGR of 3.5% during the forecast period, from 2021 to 2030. The growth of the market can be attributed to the increasing demand for leaf springs in various applications such as buses and trucks. Leaf springs are used in these applications due to their ability to provide a smooth ride and reduce vibrations, which is important for passenger comfort. In addition, they are also used in off-road vehicles due to their durability and reliability.
Multleaf Springs: The multleaf spring segment accounted for over 50% of the total market share in 2018 owing to its wide application across various industries such as automotive, construction equipment, agricultural machinery, etc, which has led it towards being one of the most popular types of leaf springs available on the market today. Multileaf springs are also known for their high load capacity and low cost per unit weight ratio when compared with other types of leaf springs available on the market today.
Monleaf Springs: Monoleaf springs accounted for over 30% share in 2018 owing mainly due to its high load capacity when compared with other types of leafs available on the market today; this type is also known for its low cost per unit weight ratio when compared with other types available on the market today.
Some Of The Growth Factors Of This Market:
- Increasing demand for leaf springs in the automotive industry.
- Increasing demand for leaf springs in the agricultural industry.
- Increasing demand for leaf springs in the construction industry.
- Decreasing cost of raw materials used to manufacture leaf springs.
- Availability of skilled labor.
Industry Growth Insights published a new data on “Leaf Spring Market”. The research report is titled “Leaf Spring Market research by Types (Multi-leaf Spring, Mono-leaf Spring), By Applications (Bus, Truck, Other), By Players/Companies Fangda, Hendrickson, Dongfegn, Jamna Auto Industries, Fawer, RSA, Shuaichao, Eaton Detroit Spring, Chongqing Hongqi, Hubei Shenfeng, NHK Spring, Leopord, Mitsubishi Steel, Shuangli Banhuang, OLGUN CELIK, Standens, Owen Springs, Hayward, Hunan Yitong, Sogefi, Anhui Anhuang, Shandong Fangcheng, Zhengzhou Xinjiaotong, Jiangxi Automobile Leaf Spring, Eagle Suspensions”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Leaf Spring Market Research Report
By Type
Multi-leaf Spring, Mono-leaf Spring
By Application
Bus, Truck, Other
By Companies
Fangda, Hendrickson, Dongfegn, Jamna Auto Industries, Fawer, RSA, Shuaichao, Eaton Detroit Spring, Chongqing Hongqi, Hubei Shenfeng, NHK Spring, Leopord, Mitsubishi Steel, Shuangli Banhuang, OLGUN CELIK, Standens, Owen Springs, Hayward, Hunan Yitong, Sogefi, Anhui Anhuang, Shandong Fangcheng, Zhengzhou Xinjiaotong, Jiangxi Automobile Leaf Spring, Eagle Suspensions
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
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Leaf Spring Market Report Segments:
The global 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
Bus, Truck, Other
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
- NHK Spring
- Leopord
- Mitsubishi Steel
- Shuangli Banhuang
- OLGUN CELIK
- Standens
- Owen Springs
- Hayward
- Hunan Yitong
- Sogefi
- Anhui Anhuang
- Shandong Fangcheng
- Zhengzhou Xinjiaotong
- Jiangxi Automobile Leaf Spring
- Eagle Suspensions
Highlights of The 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:
- Bus
- Truck
- Other
- 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 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?
Leaf springs are metal coils that connect the front and rear suspension of a car. They help to distribute the weight of the car evenly, and also provide resistance against shocks when driving.
Some of the key players operating in the leaf spring market are Fangda, Hendrickson, Dongfegn, Jamna Auto Industries, Fawer, RSA, Shuaichao, Eaton Detroit Spring, Chongqing Hongqi, Hubei Shenfeng, NHK Spring, Leopord, Mitsubishi Steel, Shuangli Banhuang, OLGUN CELIK, Standens, Owen Springs, Hayward, Hunan Yitong, Sogefi, Anhui Anhuang, Shandong Fangcheng, Zhengzhou Xinjiaotong, Jiangxi Automobile Leaf Spring, Eagle Suspensions.
The leaf spring market is expected to register a CAGR of 3.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Leaf Spring Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Leaf Spring Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Leaf Spring Market - Supply Chain
4.5. Global Leaf Spring Market Forecast
4.5.1. Leaf Spring Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Leaf Spring Market Size (000 Units) and Y-o-Y Growth
4.5.3. Leaf Spring Market Absolute $ Opportunity
5. Global Leaf Spring Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Leaf Spring Market Size and Volume Forecast by Type
5.3.1. Multi-leaf Spring
5.3.2. Mono-leaf Spring
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Leaf Spring Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Leaf Spring Market Size and Volume Forecast by Application
6.3.1. Bus
6.3.2. Truck
6.3.3. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Leaf Spring Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Leaf Spring Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Leaf Spring Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Leaf Spring Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Leaf Spring Demand Share Forecast, 2019-2026
9. North America Leaf Spring Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Leaf Spring Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Leaf Spring Market Size and Volume Forecast by Application
9.4.1. Bus
9.4.2. Truck
9.4.3. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Leaf Spring Market Size and Volume Forecast by Type
9.7.1. Multi-leaf Spring
9.7.2. Mono-leaf Spring
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Leaf Spring Demand Share Forecast, 2019-2026
10. Latin America Leaf Spring Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Leaf Spring Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Leaf Spring Market Size and Volume Forecast by Application
10.4.1. Bus
10.4.2. Truck
10.4.3. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Leaf Spring Market Size and Volume Forecast by Type
10.7.1. Multi-leaf Spring
10.7.2. Mono-leaf Spring
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Leaf Spring Demand Share Forecast, 2019-2026
11. Europe Leaf Spring Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Leaf Spring Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Leaf Spring Market Size and Volume Forecast by Application
11.4.1. Bus
11.4.2. Truck
11.4.3. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Leaf Spring Market Size and Volume Forecast by Type
11.7.1. Multi-leaf Spring
11.7.2. Mono-leaf Spring
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. y Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Leaf Spring Demand Share, 2019-2026
12. Asia Pacific Leaf Spring Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Leaf Spring Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Leaf Spring Market Size and Volume Forecast by Application
12.4.1. Bus
12.4.2. Truck
12.4.3. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Leaf Spring Market Size and Volume Forecast by Type
12.7.1. Multi-leaf Spring
12.7.2. Mono-leaf Spring
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Leaf Spring Demand Share, 2019-2026
13. Middle East & Africa Leaf Spring Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Leaf Spring Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Leaf Spring Market Size and Volume Forecast by Application
13.4.1. Bus
13.4.2. Truck
13.4.3. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Leaf Spring Market Size and Volume Forecast by Type
13.7.1. Multi-leaf Spring
13.7.2. Mono-leaf Spring
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Leaf Spring Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Leaf Spring Market: Market Share Analysis
14.2. Leaf Spring Distributors and Customers
14.3. Leaf Spring Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Fangda
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Hendrickson
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Dongfegn
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Jamna Auto Industries
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Fawer
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. RSA
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Shuaichao
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Eaton Detroit Spring
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Chongqing Hongqi
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Hubei Shenfeng
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. NHK Spring
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Leopord
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Mitsubishi Steel
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Shuangli Banhuang
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. OLGUN CELIK
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Standens
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Owen Springs
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Hayward
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Hunan Yitong
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Sogefi
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
