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(Transportation-News.com, December 08, 2018 )
Stratview Research announces the launch of a new research report on Automotive Leaf Spring Market. This 260-page extensive report from Stratview Research, studies Automotive Leaf Spring Market over the trend period of 2013 to 2018 and forecast period of 2019 to 2024. The 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.
This Automotive Leaf Spring Market analysis has been segmented in seven ways, keeping in mind the interest of all the stakeholders across the value chain.
• By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium- and Heavy-Duty Commercial Vehicle)- MHCV will be the dominant vehicle type in the market.
• By Material Type (Metal Leaf Springs, Composite Leaf Springs)- Steel leaf spring is expected to remain the larger spring type.
• By Spring Type (Parabolic Springs, Multi-Leaf Springs)- parabolic leaf springs will be the dominant spring type.
• By Spring Location Type (Front Suspension, Rear Suspension)
• By Manufacturing Process Type (Shot Peening, HP-RTM, Others)
• By End-User Type (OE, Aftermarket)
• By Region (North America, Europe, Asia-Pacific, Rest of the World)- Asia-Pacific is expected to remain the largest market for leaf springs in the foreseen future.
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Automotive Leaf Spring Market Insights
The market for automotive leaf springs is set to reach an estimated value of US$ 5.8 billion in 2024, witnessing a healthy growth in the coming years. Several factors are bolstering the demand for leaf springs. Among which, rising production of LCVs and MHCVs is the biggest growth factor contributing to a greater demand for leaf springs. Other noticeable driving factors are advancements in the leaf spring technology, such as parabolic leaf springs; greater demand for lightweight springs, especially composite leaf springs; and rising automotive fleet.
The supply chain of this market comprises raw material suppliers, leaf spring manufacturers, distributors, Automotive OEMs, and Dealers. The key automotive OEMs are Daimler, Navistar, GM, Volvo, MAN, Tata Motors, Peterbilt, and Toyota. It is found that a handful of metal leaf spring manufacturers have the capability to manufacture composite leaf springs. New product development, capacity expansion, formation of strategic alliances are the key strategies adopted by the key players to gain a competitive edge in the market.
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Stratview Research
Ritesh Gandecha
+1-313-307-4176
sales@stratviewresearch.com
Source: EmailWire.Com 
Source: EmailWire.com
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