Skip to main content

Automotive Leaf Spring Market to Record Sturdy Growth in the Coming Years

As the automotive industry continues to achieve new peaks, primarily in the Asia Pacific region, the segment of automotive leaf spring is gaining traction, because the suspension of a vehicle goes a long way towards determining its capacity to handle load as well as offer safety and comfort to the passengers. As conventional vehicle suspension unit, leaf springs are facing deficit in the passenger vehicle segment but its application in commercial vehicles is irreplaceable, as load carrying capacity and rigidity are the strengths of leaf springs. According to this business intelligence study, the demand in the global automotive leaf spring market will multiply at a notable CAGR of 6.1% during the forecast period of 2017 to 2025. In terms of revenue, the vendors of the automotive leaf market will have an opportunity of US$7,631.1 mn by the end of 2025 to make profits from, substantially more than the market’s evaluated valuation of US$4,767.3 mn as of 2017.

The fruitfulness of the automotive leaf spring market can be accredited to factors such as the rapid expansion of the automotive industry, constantly growing demand for commercial vehicles from the transportation sector, swelling light commercial vehicle sales, and rise in purchasing power of consumers. In addition to that, the prosperity of various economic sectors such as agriculture and construction are expected to reflect positively over this market.


Double End Leaf Spring Key End-type Segment

On the basis of the type of end, the automotive leaf spring market has been segmented into double end leaf spring and open end leaf spring. In 2016, the double end leaf spring segment accounted for the most prominent chunk of demand. Double end is leaf spring in which both ends are closed and can be screwed to the chassis of the vehicle. These are also known as closed end leaf spring and are mostly used in the light vehicles. Open end are leaf springs that have either one of the ends open, which mounts on the chassis of vehicle. Open end leaf spring has application in heavy commercial vehicles.

By shape, the global automotive leaf spring market has been bifurcated into parabolic leaf spring and elliptical leaf spring, which has been further sub-segmented into semi elliptical and transverse elliptical leaf spring. Parabolic leaf spring is basically a leaf or a set of leaves, which are tapered in a parabolic way rather than linear. So from the middle, where it is thick, to the ends, where it is thinner, the tapering steps down in a parabolic manner.


An elliptical leaf spring is shaped like a part of an ellipse and consist of number of leaves. The shape of the leaf is rectangular and the thickness remains constant throughout the length of the leaf of the spring. Parabolic leaf spring is a comparatively newer concept to and the demand for it is expected to grow quickly during the forecast period 2017 – 2025.

Asia Pacific Most Lucrative Region by a Country Mile

Geographically, Asia Pacific is currently the most lucrative region and is projected to remain so until 2025 too. Gaining traction from increasing demand for commercial vehicles from the transportation sector as well as construction and manufacturing, the Asia Pacific automotive leaf spring market is estimated to be worth US$4,278.8 mn by 2025. The region is also primed to expand the demand at an above-average CAGR of 6.9% during the forecast period of 2017 to 2025. North America is second most profitable region for the vendors operating in the global automotive leaf spring market. By the end of 2025, the North America leaf spring market is estimated to be worth US$1,887.2 mn.



Rassini, Hendrickson USA, L.L.C., Sogefi SpA, Jamna Auto Industries, Emco Industries, LITEFLEX, NHK Springs Co. Ltd., and Dongfeng Motors are a few prominent players in the global automotive leaf spring market.

Comments

Post a Comment

Popular posts from this blog

Global Thin Wafer Processing and Dicing Equipment Market - A cutting-edge technology, industry survey and new business opportunities 2024

Global Thin Wafer Processing and Dicing Equipment Market: Overview Rising demand for three dimensional integrated circuit used extensively across various miniature semiconductor devices is one of the important factor anticipated to boost the demand for thin wafer processing and dicing equipment in the coming years. Three dimensional integrated circuit are increasingly adopted across various space constrained applications including portable consumer electronic devices, sensors, MEMS and industrial products as it increases the overall performance of the products in terms of speed, durability, low power consumption, light weight and memory. Moreover, three dimensional integrated circuit also helps to reduce the area of consumption in a printed circuit board and in turn enables extensive cost reduction. Thin wafer of thickness 20 um – 50 um is an integral part of the three dimensional integrated circuit technology. Thus, anticipated increasing demand for three dimensional integra...
1 comment
Read more

Automotive Valves Market to Showcase Continued Growth in the Coming Years

The global  automotive valves market  is anticipated to be pampered by the soaring demand for automobiles underlining the significance of the valves in evaluating their performance. Automobiles equipped with ecofriendly and advanced engines being highly demanded are envisioned to subsequently benefit the growth of the market. Owing to the inclination of consumers toward electric automobiles, solenoid valves could welcome a growing demand in the market. The electrification of automobiles, introduction of sophisticated technology, and increased manufacturing are projected to be crucial factors important for the growth of the market. New government regulations enforced on automobile manufacturers for safeguarding the environment could augment the demand for automotive valves with the production of efficient and environment-friendly automobiles. Request A Sample Report @  https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=30977 The global a...
Post a Comment
Read more

RFID Tags Market is Expected to Grow at the Highest CAGR During the Forecast Period

Key players in the  U.S. RFID tags market  are Atmel Corporation, HID USA Corporation, Invengo Information Technology Ltd. Co., and NXP Semiconductors N.V. Competition among them and among other players are expected to heat up further over the course of next few years as they try to expand their market shares both via the inorganic route of mergers and acquisitions and organic route of product development and diversification. A report on the market published by Transparency Market Research finds that it would rise at an 8.5% CAGR over the course of the forecast period starting from 2017 and ending in 2025. At this pace, the market which was valued at US$809.4 mn in 2016, will likely become worth US$1,672.5 mn by 2025-end. Get PDF Sample of This Report @  https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=24536 The two types of RFID tags available in the market are active and passive tags. Between the two, the demand for passive RFI...
Post a Comment
Read more