Stratview Research announces the launch of a new market research report on Global Automotive Leaf Springs Market by Vehicle Type (Car, Light Duty Vehicle, Medium & Heavy Duty Vehicle, and Others), by Spring Type (Mono and Multi), by Material Type (Metal and Composites), by Manufacturing Process (Shot Peening, Prepreg Layup, and Others), by Location (Front and Rear), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2016-2021.
This market report from Stratview Research studies the automotive leaf springs market over the period 2010 to 2021. The research report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
The Global Automotive Leaf Springs Market: Highlights
Stratview Research foresees a robust growth of CAGR 4.5% in the automotive leaf springs market over the next five years (2016 – 2021) and reach $12.8 billion in 2021, which offers an opportunity to the automotive industry players to align themselves with the market growth.
There are a number of factors bolstering the growth of leaf springs in the global automotive industry. Increasing production of light, medium & heavy duty vehicles, and high demand from the growing fleet size anticipated to be the major drivers of leaf springs market during the forecast period.
The author of the reoort stated that medium & heavy duty vehicles segment is expected to remain the growth engine of the global leaf springs market during the forecast period.
Steel leaf springs are expected to remain the largest spring type over the next five years; however, composite springs are likely to witness the fastest growth of 9.3% CAGR during the same period.
Asia-Pacific is expected to remain the largest market for leaf spring due to increasing production of medium & heavy duty vehicles in developing economies, such as China and India.
The key leaf spring manufacturers are Rassini, Hendrickson, Jamna Auto Industries, NHK Spring, Dongfeng Motors, FAW, Olgun Celik, Mubea, Sogefi and IFC Composite.
New product development, capacity expansion and mergers & acquisitions are the key strategies adopted by the key players to gain competitive edge in the market.
This industry research report from Stratview Research provides market intelligence in the most comprehensive manner. The report structure has been kept such that it offers maximum business value. It provides critical insights on 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 research report:
Avail free customization options which are listed in the link given below along with the detailed Table of Contents and Report Description.
Free customization options for market research report on global leaf springs market.
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We have a strong team of industry veterans and analysts having an extensive experience in executing custom research projects for mid-sized to Fortune 500 companies in the areas of Market Assessment, Opportunity Screening, Competitive Intelligence, Due Diligence, Target Screening, Market Entry Strategy and Voice of Customer studies.
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