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(Transportation-News.com, April 23, 2018 ) Global leaf springs market offers a good growth opportunity during the forecast period of 2016 to 2021. Global leaf springs market is directly proportional to the production of the medium and heavy duty commercial vehicles. Increasing production of light duty vehicles, medium & heavy duty vehicles, and high demand from the growing fleet size are the prime drivers of the leaf springs market during the forecast period.
Steel leaf spring is expected to remain the largest spring type in the next five years; however, composite springs are likely to witness the fastest growth during the same period. Composite spring offer excellent strength to weight ratio, fatigue resistance and natural frequency, and is about five times more durable than the steel spring. Internal damping in composite materials leads to excellent absorption of vibrations within the parts, resulting in reduced transmission of vibration noise to the neighboring structures.
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Medium & heavy duty vehicle segment is expected to remain the largest market segment for leaf springs during the forecast period. Increasing vehicle production, mainly in Asia-Pacific and aftermarket demand from the large global vehicle fleet are likely to drive the medium & heavy duty vehicle segment.
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 supply chain of this market comprises raw material suppliers, leaf spring manufacturers, Automotive OEMs, distributors, and Dealers. The key automotive OEMs are Daimler, Navistar, GM, Volvo, MAN, Tata Motors, Peterbilt, and Toyota.
The global leaf springs market is a highly consolidated market. The key leaf spring manufacturers are Rassini, Hendrickson, Jamna Auto Industries, Dongfeng Motors, 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.
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 Publisher's internal database and statistical tools. More than 300 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 15 detailed primary interviews with the market players across the value chain in the all four regions and industry experts have been executed to obtain both the 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 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 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 of the carbon brakes market
- Strategic growth opportunities for the existing and new players
- Key success factors
Global Leaf Spring Market in the Automotive Industry by Vehicle Type:
- Passenger Car
- Light Duty Vehicles
- Medium & Heavy Duty Vehicles
- Others
Global Leaf Spring Market in the Automotive Industry by Spring Type:
- Mono
- Multi
Global Leaf Spring Market in the Automotive Industry by Material Type:
- Metal
- Composites
Global Leaf Spring Market in the Automotive Industry by Manufacturing Process:
- Shot Peening
- Prepreg Layup
- Others
Global Leaf Spring Market in the Automotive Industry by Spring Location:
- Front
- Rear
Global Leaf Spring Market in the Automotive Industry by Region:
- North America
o US
o Canada
o Mexico
- Europe
o Germany
o France
o United Kingdom
o Italy
o Rest of the Europe
- Asia - Pacific
o China
o Japan
o South Korea
o India
o Rest of the Asia-Pacific
- Rest of the World
o Latin America
o Middle East
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Company Profile of Key Players
Benteler SGL
Dongfeng Motor Suspension Spring Co., Ltd.
EMCO Industries
FAW
Hendrickson
IFC Composite
Jamna Auto Industries
Life Flex
MBHA
NHK Spring
Rassini
Sogefi
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Rajat Sahni
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Source: EmailWire.Com 
Source: EmailWire.com
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