Automotive Leaf Spring Aftermarket
Report code - SRTI143 | Published On : Nov,2018 | Status: Published | No. of Pages: 205

Automotive Leaf Spring Aftermarket by Vehicle Type (Passenger Car, LCV, M&HCV, and Others), by Spring Type (Parabolic Leaf Spring and Multi-Leaf Spring), by Location Type (Front Suspension and Rear Suspension), and by Region (North America, Europe, Asia-Pacific, and Rest of World) Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2019-2024

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This report, from Stratview Research, studies the leaf spring aftermarket in the automotive industry over the trend period from 2013 to 2018 and the forecast period from 2019 to 2024 in terms of both value and units. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

Automotive Leaf Spring Aftermarket: Highlights

Leaf spring is one of the oldest suspension components and is still being preferred in most of the LCVs and MHCVs. The automotive industry has witnessed a remarkable transition in the leaf spring technology, material, style, design, etc. over a period of time. There are countless styles of leaf-spring suspension available worldwide featuring different mounting points, shapes, and sizes. Leaf spring has to be replaced frequently, generally in 9-12 months, due to the damages like sag, break, and crack, caused by several factors including uneven road and excess load on the vehicle.

The global automotive leaf spring aftermarket is likely to witness a healthy growth rate over the next five years to reach an estimated value of US$ 1,998.8 million in 2024. Increasing automotive fleet size is the key driver of the leaf spring aftermarket demand. Organic growth in automobile production owing to increasing disposable income and growing urbanization, is also imprinting a positive impact on the future demand for leaf springs in the aftermarket segment.

The leaf spring aftermarket is segmented based on the vehicle type as Passenger Car, LCV, M&HCV, and Other Vehicles. M&HCV is expected to remain the growth engine of the aftermarket during the forecast period owing to a higher penetration of leaf springs in the segment. Also, there is a frequent replacement of leaf springs in M&HCV due to higher loads carried by the vehicle.

Based on the spring type, the market is segmented as parabolic leaf spring and multi-leaf spring.  Multi-leaf spring is expected to remain the dominant spring type in the aftermarket during the forecast period, whereas parabolic leaf spring is expected to experience a higher growth during the same period.

Based on the location type, the market is segmented as front suspension and rear suspension. Rear suspension is expected to remain the most dominant segment during the forecast period. High penetration of leaf spring in the rear suspension of LCV, M&HCV, and trailers drives a higher replacement demand for leaf springs. Both front and rear leaf suspension are expected to experience similar growth rates with a marginal difference over the next five years.

In terms of region, Asia-Pacific is expected to remain the largest leaf spring aftermarket with an impressive CAGR during the forecast period. An increased vehicle production and growing fleet size would drive the demand for leaf springs in the region over the next five years. China and India are the growth engines of the Asia-Pacific’s aftermarket for leaf springs.

The global automotive leaf spring aftermarket is highly fragmented with the presence of many global as well as regional players. The automotive OE market for leaf spring is relatively consolidated with the presence of fewer regional players. The supply chain of this market comprises raw material suppliers, leaf spring manufacturers, automotive OEMs, distributors, and dealers. The key automotive leaf spring suppliers for the aftermarket are Hendrickson International, NHK Springs Co., Ltd., Jamna Auto Industries, Rassini, and Dongfeng Motor Suspension Spring Co., Ltd. These companies are also present in the OE segment. Development of low-cost leaf springs and formation of strategic alliances with OEMs are the key strategies adopted by the major players to gain a competitive edge in the market.

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. About 15 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 global automotive leaf spring aftermarket is segmented into the following categories:  

Automotive Leaf Spring Aftermarket, By Vehicle Type

  • Passenger Car (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Light Commercial Vehicle (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Medium- & Heavy-Duty Commercial Vehicle (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Other Vehicles (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Automotive Leaf Spring Aftermarket, By Spring Type

  • Parabolic Leaf Spring (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Multi-Leaf Spring (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Automotive Leaf Spring Aftermarket, By Location Type

  • Front Suspension (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Rear Suspension (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Automotive Leaf Spring Aftermarket, By Region

  • North America (Country Analysis: The USA, Canada, and Mexico)
  • Europe (Country Analysis: Germany, France, The UK, Italy, Russia, and Rest of Europe)
  • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
  • Rest of the World (Country Analysis: Brazil, Argentina, 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 three players)
  • SWOT analysis of key players (up to three players)

Market Segmentation

  • Current market size (2018) of leaf spring aftermarket in any of the Asia Pacific’s country by vehicle 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 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 Leaf Spring Aftermarket - Overview and Market Forces

2.1.                Introduction

2.2.                Market Classification

2.2.1.                         By Vehicle Type

2.2.2.                         By Spring Type

2.2.3.                         By Location Type

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’s 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.      Global Automotive Leaf Spring Aftermarket Analysis – By Vehicle Type 

3.1.                Strategic Insights 

3.2.                Passenger Car Leaf Spring Aftermarket Trend and Forecast (US$ Million and Million Units)  

3.2.1.                          Regional Trend and Forecast (US$ Million and Million Units)

3.3.                LCV Leaf Spring Aftermarket Trend and Forecast (US$ Million and Million Units)

3.3.1.                         Regional Trend and Forecast (US$ Million and Million Units)

3.4.                MHCV Leaf Spring Aftermarket Market Trend and Forecast (US$ Million and Million Units)

3.4.1.                         Regional Trend and Forecast (US$ Million and Million Units)

3.5.                Other Leaf Spring Aftermarket Trend and Forecast (US$ Million and Million Units)  

3.5.1.                          Regional Trend and Forecast (US$ Million and Million Units)

4.      Global Automotive Leaf Spring Aftermarket Analysis – By Spring Type

4.1.                Strategic Insights 

4.2.                Parabolic Leaf Spring Aftermarket Trend and Forecast (US$ Million and Million Units)

4.2.1.                         Regional Trend and Forecast (US$ Million and Million Units)

4.3.                Multi-Leaf Spring Aftermarket Trend and Forecast (US$ Million and Million Units)

4.3.1.                         Regional Trend and Forecast (US$ Million and Million Units)

5.      Global Automotive Leaf Spring Aftermarket Analysis – By Location Type

5.1.                Strategic Insights 

5.2.                Front Suspension: Leaf Spring Aftermarket Trend and Forecast (US$ Million and Million Units)

5.2.1.                          Regional Trend and Forecast (US$ Million and Million Units)

5.3.                Rear Suspension: Leaf Spring Aftermarket Trend and Forecast (US$ Million and Million Units)

5.3.1.                          Regional Trend and Forecast (US$ Million and Million Units)

6.      Global Automotive Leaf Spring Aftermarket Analysis – By Region 

6.1.                Strategic Insights 

6.2.                North American Automotive Leaf Spring Aftermarket Analysis

6.2.1.                         North American Automotive Leaf Spring Aftermarket T&F, by Country (US$ Million and Million Units)

6.2.1.1.                                   The USA: Automotive Leaf Spring Aftermarket T&F (US$ Million and Million Units)

6.2.1.2.                                   Canada: Automotive Leaf Spring Aftermarket T&F (US$ Million and Million Units)

6.2.1.3.                                   Mexico: Automotive Leaf Spring Aftermarket T&F (US$ Million and Million Units)

6.2.2.                         North American Automotive Leaf Spring Aftermarket T&F, by Vehicle Type (US$ Million and Million Units)

6.2.3.                         North American Automotive Leaf Spring Aftermarket T&F, by Spring Type (US$ Million and Million Units)

6.2.4.                         North American Automotive Leaf Spring Aftermarket T&F, by Location Type (US$ Million and Million Units)

6.3.                European Automotive Leaf Spring Aftermarket Analysis

6.3.1.                         European Automotive Leaf Spring Aftermarket T&F, by Country (US$ Million and Million Units)

6.3.1.1.                                   Germany: Automotive Leaf Spring Aftermarket T&F (US$ Million and Million Units)

6.3.1.2.                                   France: Automotive Leaf Spring Aftermarket T&F (US$ Million and Million Units)

6.3.1.3.                                   The United Kingdom: Automotive Leaf Spring Aftermarket T&F (US$ Million and Million Units)

6.3.1.4.                                   Italy: Automotive Leaf Spring Aftermarket T&F (US$ Million and Million Units)

6.3.1.5.                                   Russia: Automotive Leaf Spring Aftermarket T&F (US$ Million and Million Units)

6.3.1.6.                                   Rest of Europe: Automotive Leaf Spring Aftermarket T&F (US$ Million and Million Units)

6.3.2.                         European Automotive Leaf Spring Aftermarket T&F, by Vehicle Type (US$ Million and Million Units)

6.3.3.                         European Automotive Leaf Spring Aftermarket T&F, by Spring Type (US$ Million and Million Units)

6.3.4.                         European Automotive Leaf Spring Aftermarket T&F, by Location Type (US$ Million and Million Units)

6.4.                Asia-Pacific’s Automotive Leaf Spring Aftermarket Analysis

6.4.1.                         Asia-Pacific’s Automotive Leaf Spring Aftermarket T&F, by Country (US$ Million and Million Units)

6.4.1.1.                                   China: Automotive Leaf Spring Aftermarket T&F (US$ Million and Million Units)

6.4.1.2.                                   Japan: Automotive Leaf Spring Aftermarket T&F (US$ Million and Million Units)

6.4.1.3.                                   India: Automotive Leaf Spring Aftermarket T&F (US$ Million and Million Units)

6.4.1.4.                                   South Korea: Automotive Leaf Spring Aftermarket T&F (US$ Million and Million Units)

6.4.1.5.                                   Rest of Asia-Pacific: Automotive Leaf Spring Aftermarket T&F (US$ Million and Million Units)

6.4.2.                         Asia-Pacific’s Automotive Leaf Spring Aftermarket T&F, by Vehicle Type (US$ Million and Million Units)

6.4.3.                         Asia-Pacific’s Automotive Leaf Spring Aftermarket T&F, by Spring Type (US$ Million and Million Units)

6.4.4.                         Asia-Pacific’s Automotive Leaf Spring Aftermarket T&F, by Location Type (US$ Million and Million Units)

6.5.                Rest of the World (RoW)’s Automotive Leaf Spring Aftermarket Analysis

6.5.1.                         RoW’s Automotive Leaf Spring Aftermarket T&F, by Country (US$ Million and Million Units)

6.5.1.1.                                   Brazil: Automotive Leaf Spring Aftermarket T&F (US$ Million and Million Units)

6.5.1.2.                                   Argentina: Automotive Leaf Spring Aftermarket T&F (US$ Million and Million Units)

6.5.1.3.                                   Others: Automotive Leaf Spring Aftermarket T&F (US$ Million and Million Units)

6.5.2.                         RoW’s Automotive Leaf Spring Aftermarket T&F, by Vehicle Type (US$ Million and Million Units)

6.5.3.                         RoW’s Automotive Leaf Spring Aftermarket T&F, by Spring Type (US$ Million and Million Units)

6.5.4.                         RoW’s Automotive Leaf Spring Aftermarket T&F, by Location Type (US$ Million and Million Units)

7.      Competitive Analysis

7.1.                Strategic Insights

7.2.                Presence by Vehicle Type

7.3.                Presence by Spring Type

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

7.5.                Expert Opinion on the Automotive Leaf Spring Aftermarket

7.6.                Market Share Analysis

8.      Strategic Growth Opportunities

8.1.                Strategic Insights

8.2.                Market Attractive Analysis

8.2.1.                         Market Attractiveness by Vehicle Type

8.2.2.                         Market Attractiveness by Spring Type

8.2.3.                         Market Attractiveness by Location Type

8.2.4.                         Market Attractiveness by Region Type

8.2.5.                         Market Attractiveness by Country Type

8.3.                Emerging Trends

8.4.                Growth Matrix Analysis

8.5.                Key Success Factors

9.      Company Profile of Key Players

9.1.                Dongfeng Motor Suspension Spring Co., Ltd.

9.2.                Emco Industries

9.3.                FAW Group Corporation

9.4.                Hendrickson International

9.5.                Jamna Auto Industries

9.6.                NHK Springs Co., Ltd.

9.7.                Rassini



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