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    Automotive Leaf Spring Aftermarket Report

    Automotive Leaf Spring Aftermarket Report
    Report code - SRTI143 Published On : Nov,2018 No. of Pages: 205
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    Automotive Leaf Spring Aftermarket Size, Share, Trend, Forecast, & Competitive Analysi See more...

    Impact of COVID-19 on Automotive Leaf Spring Aftermarket

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Automotive Leaf Spring Aftermarket

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Insights

    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 size 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.

    Automotive-Leaf-Spring-Aftermarket-Forecast

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    Segments' Analysis