Automotive Composite Suspension Components Market
Report code - SRAM126 | Published On : May,2018 | Status: Published | No. of Pages: 215

Automotive Composite Suspension Components Market by Component Type (Leaf Spring, Coil Spring, Suspension Arm, Stabilizer Bar, and Others), by Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Duty Commercial Vehicle, and Others), by Manufacturing Process Type (Compression Molding, HP-RTM, Prepreg Layup, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2018-2023  

This report, from Stratview Research, studies the composite suspension components market in the global automotive industry over the trend period 2012 to 2017 and forecast period of 2018 to 2023. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities in the market.

The Automotive Composite Suspension Components Market: Highlights

The global automotive composite suspension components market is still at a nascent stage but possesses significant growth potential over the next five years to reach US$ 100 million in 2023. Organic growth of automobile production, growing preference for composite components in passenger and light commercial vehicles, development of new composite suspension applications, advancement in composites technology, and stringent government regulations regarding fuel efficiency and carbon emission reductions are the major factors that are burgeoning the demand for composite suspension components in the automotive industry.

Automotive composite suspension components market forecast

Composite suspension components offer several benefits over steel components, such as lightweight, high durability, better vibration energy absorption, and excellent fatigue resistance. For example; composite leaf spring is up to five times more durable than that of similarly sized steel leaf springs at just the 1/7th weight.

The global automotive composite suspension components market is segmented based on component type as Leaf Spring, Coil Spring, Suspension Arm, Stabilizer Bar, and Other Components. Composite leaf spring is expected to remain the largest segment of the market during the forecast period. Composite leaf springs are mainly used in passenger cars and light commercial vehicles. Pickup, Van, and SUVs are the major vehicle types that are using composite leaf springs on either transversal or longitudinal position depending on requirements, vehicle design, etc. All the major OEMs are evaluating the usage of composite leaf springs in their major Pickup, VAN, and SUV models.

Based on the vehicle type, the global automotive composite suspension components market is segmented as passenger car, light commercial vehicle (LCV), medium & heavy duty commercial vehicle (M&HCV), and others. LCV currently dominates the global automotive composite suspension components market because of higher usage of composite leaf springs in LCVs. The passenger car segment is projected to witness the highest growth during the forecast period, driven by an increasing usage of leaf springs and coil springs.

Based on regions, Europe is expected to remain the largest market for composite suspension components in the automotive industry over the next five years, driven by higher usage of composite leaf springs in LCVs. North America and Asia-Pacific are likely to witness higher growth rates over the next five years, driven by a host of factors including gradual shift of assembly plants of OEMs in these regions, increasing penetration of composite leaf springs, and market entry of local composite leaf spring manufacturers.

The supply chain of this market comprises raw material suppliers, composite component manufacturers, OEMs, distributors, and end users. The global automotive composite suspension components market is highly consolidated with the presence of a dozen of global players. The key players are Liteflex LLC, IFC Composite GmbH, Benteler-SGL, and Sogefi Group. New product development, capacity expansion, and process optimization are the key strategies adopted by the major players to gain a competitive edge in the market.

Automotive composite suspension components market share analysis

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts have been executed to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

  • Market structure: Overview, industry life cycle analysis, supply chain analysis
  • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
  • Market trend and forecast analysis
  • Market segment trend and forecast
  • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
  • Attractive market segments and associated growth opportunities
  • Emerging trends 
  • Strategic growth opportunities for the existing and new players
  • Key success factors

The Automotive Composite Suspension Components market is segmented into the following categories. 

Automotive Composite Suspension Components Market by Component Type:

  • Coil Springs (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
  • Leaf Springs (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
  • Stabilizer Bar (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
  • Suspension Arm (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
  • Others (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

Automotive Composite Suspension Components Market by Vehicle Type:

  • Passenger Car (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
  • Light Commercial Vehicle (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
  • Medium- & Heavy-Duty Commercial Vehicle (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
  • Others (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

Automotive Composite Suspension Components Market by Manufacturing Process Type:

  • Compression Molding Process (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
  • HP-RTM Process (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
  • Prepreg Layup Process (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
  • Other Processes (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

Automotive Composite Suspension Components Market by Region:

  • North America (Country Analysis: The USA, Canada, and Mexico) 
  • Europe (Country Analysis: Germany, Sweden, Italy, Russia, and Rest of Europe)
  • Asia-Pacific (Country Analysis: China, South Korea, India, and Rest of Asia-Pacific)
  • Rest of the World (Country Analysis: Brazil and Others)

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

  • Detailed profiling of additional market players (up to 3 players)
  • SWOT analysis of key players (up to 3 players)

Market Segmentation

  • Current market segmentation of any one of the vehicle type by component type 

Competitive Benchmarking

  • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In the case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.


List of Figures

List of Tables

Disclaimer

Copyright

Abbreviation

Currency Exchange

About Us

Report Scope

Report Objectives

Research Methodology

Secondary Research

Key Information Gathered from Secondary Research

Primary Research

Key Information Gathered from Primary Research

Breakdown of Primary Interviews by Region, Designation, and Value Chain Node

Data Analysis and Triangulation

1.       Executive Summary  

2.       Automotive Composite Suspension Components Market – Overview and Market Forces

2.1.                Introduction

2.2.                Market Classification

2.2.1.                         By Component Type

2.2.2.                         By Vehicle Type 

2.2.3.                         By Manufacturing Process

2.2.4.                         By Region

2.3.                Market Drivers

2.4.                Market Constraints

2.5.                Supply Chain Analysis

2.6.                Industry Life Cycle Analysis

2.7.                PEST Analysis: Impact Assessment of Changing Business Environment

2.8.                Porter Five Forces Analysis

2.8.1.                         Bargaining Power of Suppliers

2.8.2.                         Bargaining Power of Customers

2.8.3.                         Threat of New Entrants

2.8.4.                         Threat of Substitutes

2.8.5.                         Competitive Rivalry

2.9.                SWOT Analysis

3.       Automotive Composite Suspension Components Market Analysis – By Component Type      

3.1.                Strategic Insights 

3.2.                Composite Leaf Springs Market Trend and Forecast (US$ Million)

3.2.1.                         Regional Trend and Forecast (US$ Million)

3.3.                Composite Coil Springs Market Trend and Forecast (US$ Million)

3.3.1.                         Regional Trend and Forecast (US$ Million)

3.4.                Composite Stabilizer Bar Market Trend and Forecast (US$ Million)

3.4.1.                         Regional Trend and Forecast (US$ Million)

3.5.                Composite Suspension Arm Market Trend and Forecast (US$ Million)

3.5.1.                         Regional Trend and Forecast (US$ Million)

3.6.                Other Composite Suspension Components Market Trend and Forecast (US$ Million)

3.6.1.                         Regional Trend and Forecast (US$ Million)

4.       Automotive Composite Suspension Components Market Analysis – By Vehicle Type     

4.1.                Strategic Insights 

4.2.                Passenger Car Composite Suspension Components Market Trend and Forecast (US$ Million)

4.2.1.                         Regional Trend and Forecast (US$ Million)

4.3.                LCV Composite Suspension Components Market Trend and Forecast (US$ Million)

4.3.1.                         Regional Trend and Forecast (US$ Million)

4.4.                M&HCV Composite Suspension Components Market Trend and Forecast (US$ Million)

4.4.1.                         Regional Trend and Forecast (US$ Million)

4.5.                Other Vehicles’ Composite Suspension Components Market Trend and Forecast (US$ Million)

4.5.1.                         Regional Trend and Forecast (US$ Million)

5.       Automotive Composite Suspension Components Market Analysis – By Manufacturing Process    

5.1.                Strategic Insights

5.2.                Compression Molding-based Composite Suspension Components Market Trend and Forecast (US$ Million)

5.2.1.                         Regional Trend and Forecast (US$ Million)

5.3.                HP-RTM-based Composite Suspension Components Market Trend and Forecast (US$ Million)

5.3.1.                         Regional Trend and Forecast (US$ Million)

5.4.                Prepreg Layup-based Composite Suspension Components Market Trend and Forecast (US$ Million)

5.4.1.                         Regional Trend and Forecast (US$ Million)

5.5.                Other Processes-based Composite Suspension Components Market Trend and Forecast (US$ Million)

5.5.1.                         Regional Trend and Forecast (US$ Million)

6.       Automotive Composite Suspension Components Market Analysis – By Region  

6.1.                Strategic Insights 

6.2.                North American Automotive Composite Suspension Components Market Analysis

6.2.1.                         North American Automotive Composite Suspension Components Market T&F, by Country (US$ Million)

6.2.1.1.                                   The USA: Automotive Composite Suspension Components Market T&F (US$ Million)

6.2.1.2.                                   Canada: Automotive Composite Suspension Components Market T&F (US$ Million)

6.2.1.3.                                   Mexico: Automotive Composite Suspension Components Market T&F (US$ Million)

6.2.2.                         North American Automotive Composite Suspension Components Market T&F, by Component (US$ Million)

6.2.3.                         North American Automotive Composite Suspension Components Market T&F, by Vehicle (US$ Million)

6.2.4.                         North American Automotive Composite Suspension Components Market T&F, by Process (US$ Million)

6.3.                European Automotive Composite Suspension Components Market Analysis

6.3.1.                         European Automotive Composite Suspension Components Market T&F, by Country (US$ Million)

6.3.1.1.                                   Germany: Automotive Composite Suspension Components Market T&F (US$ Million)

6.3.1.2.                                   Sweden: Automotive Composite Suspension Components Market T&F (US$ Million)

6.3.1.3.                                   Italy: Automotive Composite Suspension Components Market T&F (US$ Million)

6.3.1.4.                                   Russia: Automotive Composite Suspension Components Market T&F (US$ Million)

6.3.1.5.                                   Rest of Europe: Automotive Composite Suspension Components Market T&F (US$ Million)

6.3.2.                         European Automotive Composite Suspension Components Market T&F, by Component (US$ Million)

6.3.3.                         European Automotive Composite Suspension Components Market T&F, by Vehicle (US$ Million)

6.3.4.                         European Automotive Composite Suspension Components Market T&F, by Process (US$ Million)

6.4.                Asia-Pacific’s Automotive Composite Suspension Components Market Analysis

6.4.1.                         Asia-Pacific’s Automotive Composite Suspension Components Market T&F, by Country (US$ Million)   

6.4.1.1.                                   China: Automotive Composite Suspension Components Market T&F (US$ Million)

6.4.1.2.                                   South Korea: Automotive Composite Suspension Components Market T&F (US$ Million)

6.4.1.3.                                   India: Automotive Composite Suspension Components Market T&F (US$ Million)

6.4.1.4.                                   Rest of Asia-Pacific: Automotive Composite Suspension Components Market T&F (US$ Million)

6.4.2.                         Asia-Pacific’s Automotive Composite Suspension Components Market T&F, by Component (US$ Million)

6.4.3.                         Asia-Pacific’s Automotive Composite Suspension Components Market T&F, by Vehicle (US$ Million)

6.4.4.                         Asia-Pacific’s Automotive Composite Suspension Components Market T&F, by Process (US$ Million)

6.5.                Rest of the World’s (RoW) Automotive Composite Suspension Components Market Analysis

6.5.1.                         RoW’s Automotive Composite Suspension Components Market T&F, by Country (US$ Million)

6.5.1.1.                                   Brazil: Automotive Composite Suspension Components Market T&F (US$ Million)

6.5.1.2.                                   Others: Automotive Composite Suspension Components Market T&F (US$ Million)

6.5.2.                         RoW’s Automotive Composite Suspension Components Market T&F, by Component (US$ Million)

6.5.3.                         RoW’s Automotive Composite Suspension Components Market T&F, by Vehicle (US$ Million)

6.5.4.                         RoW’s Automotive Composite Suspension Components Market T&F, by Process (US$ Million)

7.       Competitive Analysis

7.1.                Strategic Insights

7.2.                Product Portfolio Analysis

7.3.                Presence by Vehicle Type

7.4.                Geographical Presence

7.5.                New Product Launches

7.6.                Strategic Alliances: Mergers and Acquisitions, Strategic Collaborations, Joint Ventures, etc.  

7.7.                Market Share Analysis

8.       Strategic Growth Opportunities

8.1.                Strategic Insights

8.2.                Market Attractive Analysis

8.2.1.                         Market Attractiveness by Component Type

8.2.2.                         Market Attractiveness by Vehicle Type

8.2.3.                         Market Attractiveness by Manufacturing Process Type

8.2.4.                         Market Attractiveness by Region

8.2.5.                         Market Attractiveness by Country

8.3.                Emerging Trends

8.4.                Growth Matrix Analysis

8.5.                Key Success Factors

9.       Company Profile of Key Players

9.1.                Benteler-SGL GmbH & Co KG

9.2.                IFC Composite GmbH

9.3.                Jamna Auto Industries Ltd.

9.4.                Hyperco

9.5.                Liteflex LLC

9.6.                Mubea Fahrwerkstechnologien GmbH

9.7.                Sogefi Group



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