Global Automotive Leaf Spring Assembly Market Size, Share and Trends Analysis Report, By Type (Mono Leaf Springs and Multi-Leaf Springs), and By Application (Bus, Trucks, and Others) Forecast Period (2022-2028)

The global automotive leaf spring assembly market is anticipated to grow at a CAGR of 0.9 % during the forecast period (2022-2028). The leaf springs are located between the wheels and the vehicle’s body. When the wheel hits a bump, it rises and redirects the spring, storing energy in the spring. The increase in global demand for vehicle comfort in the long run, the rise in per capita disposable income, growing demand for lightweight vehicles, and increase in the global fleet size of the light and heavy commercial vehicles are the factors expected to accelerate the significant demand for automotive leaf springs in the market during the forecast period. However, poor suspension tuning, economic turmoil, and political uncertainty, changes in trade policies are challenging the growth of the automotive leaf spring market during the forecast period.

The Asia-Pacific region is expected to hold the considerable share in the market due to China’s high commercial vehicle production and consumption. Due to the strong presence of various developed nations, as well as the widespread adoption of composite automotive leaf springs, Europe is expected to hold the remarkable share in the market over the forecast period.

Some major players in the market include Jamna Auto Industries Ltd., Rassini, Hendrickson, Dongfeng Motor Corp., Sogefi Group, Frauenthal Holding AG, Fangda Partners, and others. The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For Instance, in August 2020, Sonico announced the launch of the new parabolic assembly. Parabolic Leaf Spring is considered as most modern technology in the suspension system. Sonico has already adopted this technology long back and regularly making parabolic spring for OEM and aftermarket.

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Type
  • By Application
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape- Jamna Auto Industries, Rassini, Hendrickson, Dongfeng MotorCorp., Sogefi Group, Frauenthal Holding AG, Fangda Partners, and others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Automotive Leaf Spring Assembly Market Report by Segment

By Type

• Mono Leaf Springs
• Multi Leaf Springs

By Application

• Bus
• Trucks
• Others

Global Automotive Leaf Spring Assembly Market Report by Region

North America

• United States
• Canada

Europe

• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe

Asia-Pacific

• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific

Rest of the World

• Latin America
• Middle East & Africa