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(Transportation-News.com, December 12, 2018 )
Stratview Research announces the launch of a new research report on Automotive Composite Leaf Springs Market. This 242-page extensive report from Stratview Research, studies Automotive Composite Leaf Springs Market over the trend period of 2012 to 2017 and forecast period of 2018 to 2023. 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 Composite Leaf Springs Market analysis has been segmented in five 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)- The passenger car is expected to remain the growth engine.
• By Installation Type (Transversal, Longitudinal)- Transversal is the most common installation type for composite leaf springs.
• By Manufacturing Process (Compression Molding Process, Prepreg Layup Process, Other Processes)- HP-RTM is likely to be the most dominant process in the market during the forecast period.
• By Location (Front Leaf Spring, Rear Leaf Spring)-
• By Region (North America, Europe, Asia-Pacific, Rest of the World)- Europe is expected to remain the largest market for composite leaf springs.
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Automotive Composite Leaf Springs Market Insights
The global automotive composite leaf spring is a niche market and currently represents less than 1% of the total automotive leaf springs (metals + composites) market. It is likely to remain niche in the foreseeable future but possesses significant growth potential in the coming years. It is forecasted to grow at an attractive rate over the next five years to reach US$ 86.6 million in 2023. Increasing automobile production, an increasing demand for lightweight leaf springs to achieve stringent government regulations of many countries, such as CAFÉ Standards, and the market entry of new players targeting local markets are the major factors that are proliferating the growth of the composite leaf springs market in the automotive industry.
The supply chain of this market comprises raw material suppliers, composite leaf spring manufacturers, Automotive OEMs, distributors, and Dealers. The key automotive OEMs are Daimler, GM, Volvo, Fiat, Iveco, Peterbilt, Navistar, and Mahindra & Mahindra. The global automotive composite leaf spring is a highly consolidated market. The key leaf spring manufacturers are Liteflex LLC, IFC Composite, and Benteler-SGL. New product development, capacity expansion, and process optimization are the key strategies adopted by the key players to gain a competitive edge in the market.
Stratview Research
Ritesh Gandecha
+1-313-307-4176
sales@stratviewresearch.com
Source: EmailWire.Com
Source: EmailWire.com
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