Automotive Composite Leaf Springs Market Global Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2021 to 2027

Automotive Leaf Spring Market was valued at USD 4.45 Billion in 2018 and is projected to reach USD 5.41 Billion by 2027, growing at a CAGR of 3% from 2021 to 2027.

Automotive leaf springs are one of the important components of automotive vehicles. The leaf spring is located between the car’s wheel and the body. As the wheel passes the bump, the spring rises and deflects to store energy in the spring. When released, it recoils due to the elasticity of the spring and expands the stored energy. Growing demand for automobiles worldwide is driving the leaf spring market. Leaf springs are mainly used in light, medium and heavy commercial vehicles such as pickup trucks and vans.

The market is segmented in the following ways:

By Vehicle Type:

• Passenger Car
• Light Commercial Vehicles
• Medium- & Heavy-Duty Vehicles
• Others

By Installation Type:

• Transversal
• Longitudinal

By Manufacturing Process Type:

• Compression Molding Process
• Prepreg Layup Process
• Other Processes

Automotive Leaf Springs Market: Key Players

• Rassinia
• Hendrickson USA, L.L.C
• Jamna Auto Industries Limited
• Dongfeng Motor Corporation
• NHK Spring Co. Ltd
• Pontiac Ventura

Scope of the Report

The research study analyzes the global Automotive Composite Leaf Springs industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Automotive Composite Leaf Springs Market Report

1. What was the Automotive Composite Leaf Springs Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027). 2. What will be the CAGR of the Automotive Composite Leaf Springs Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Automotive Composite Leaf Springs Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.