The Global Automotive Leaf Springs Market: Highlights
Stratview Research foresees a robust growth of CAGR 4.5% in the automotive leaf springs market over the next five years (2016 – 2021) and reach $12.8 billion in 2021, which offers an opportunity to the automotive industry players to align themselves with the market growth.
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There are a number of factors bolstering the growth of leaf springs in the global automotive industry. Increasing production of light, medium & heavy duty vehicles, and high demand from the growing fleet size anticipated to be the major drivers of leaf springs market during the forecast period.
The author of the reoort stated that medium & heavy duty vehicles segment is expected to remain the growth engine of the global leaf springs market during the forecast period.
Steel leaf springs are expected to remain the largest spring type over the next five years; however, composite springs are likely to witness the fastest growth of 9.3% CAGR during the same period.
Asia-Pacific is expected to remain the largest market for leaf spring due to increasing production of medium & heavy duty vehicles in developing economies, such as China and India.
The key leaf spring manufacturers are Rassini, Hendrickson, Jamna Auto Industries, NHK Spring, Dongfeng Motors, FAW, Olgun Celik, Mubea, Sogefi and IFC Composite.
New product development, capacity expansion and mergers & acquisitions are the key strategies adopted by the key players to gain competitive edge in the market.
Report Features
This industry research report from Stratview Research provides market intelligence in the most comprehensive manner. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the research report:
Market structure: Overview, industry life cycle analysis, supply chain analysis.
Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
Market trend and forecast analysis.
Market segment trend and forecast.
Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
Attractive market segments and associated growth opportunities.
Emerging trends.
Strategic growth opportunities for the existing and new players.
Key success factors.