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Automotive Suspension Spring Market 2021 Report – Trends in Technological Strategies, Business Advancements and Top-Vendor Landscape to 2027

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Increase In Demand Analysis: The Global Automotive Suspension Spring Market Size is projected to reach 24.15 Billion USD by 2027, growing at a CAGR of 4.30% During 2021-2027. In this study, 2020 has been considered as the base year and 2021 to 2027 as the forecast period to estimate the market size for Automotive Suspension Spring.

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Growth Factors:

Rise in sale of passenger and commercial vehicles across the globe is likely to propel the automotive suspension spring market across the globe. The increase in the number of small- and medium-scale industries across the globe is projected to boost manufacturing industries, which, in turn, is anticipated to fuel the automotive suspension spring market across the globe. Consistent research & development in the automotive industry has led to the development of suspension springs that offer more strength, along with ride comfort. The surge in the demand for electric vehicles across the globe is prompting vehicle manufacturers to develop lightweight suspension springs. This factor is anticipated to fuel the automotive suspension spring market across the globe.

Automotive Suspension Spring Market Dynamics analysis:

Based on vehicle type, the global automotive suspension spring market has been divided into passenger vehicle and commercial vehicle. Passenger vehicle is likely to be a highly lucrative segment during the forecast period. The spread of the pandemic across the globe has prompted consumers to buy own vehicles to avoid public transportation, which is likely to increase the demand for passenger vehicles across the globe. This, in turn, is estimated to propel the automotive suspension spring market across the globe.

Based on spring type, the coil spring segment accounted for a significant share of the global automotive suspension spring market. Pick-up trucks traditionally use the leaf spring for suspension, which is likely to enhance the automotive suspension spring market across the globe. However, an emerging trend of independent rear suspension with coil springs among pick-up trucks is leading to the adoption of shock absorbers having coil-over shock absorbers and coil springs, which is projected to propel the automotive suspension spring market across the globe.

Segmentation of Automotive Suspension Spring Market analysis:

The global automotive suspension spring market has been segmented based on spring type, vehicle type, material, sales channel, and region

Based on spring type, the coil spring segment dominated the global automotive suspension spring market. The transition among light duty vehicles and pick-up trucks from leaf springs to coil springs is anticipated to increase the demand for the coil springs during the forecast period. Rise in sale of passenger vehicles across the globe is likely to boost the demand for coil springs, which, in turn, is anticipated to boost the automotive suspension spring market across the globe.

Based on vehicle type, the passenger vehicle held a major share of the global automotive suspension spring market. Rise in demand for passenger vehicles across the globe is projected to fuel the demand for suspension spring, as they provide comfort while driving. This, in turn, is anticipated to propel the automotive suspension spring market across the globe.

COVID-19 Impact on Automotive Suspension Spring Sales

  • Businesses today are operating in a dynamic environment. Earlier focus primarily concentrated on keeping pace with changing consumer preferences. COVID-19 outbreak was unprecedented and exposed vulnerabilities of various industries. Pandemic-induces obstacles also were registered in the Automotive Suspension Spring market.
  • Sales plummeted as COVID-19 gradually tightened its noose worldwide. Supply-chain disruptions caused massive losses, while demand took nose-dive as consumers remained indoors with affected countries implementing either partial or complete lockdown.
  • Gradual recovery however is on the cards with the roll out of vaccinations. Nonetheless, consecutive waves of the virus compelled businesses to stay prepared for the worst. As government and healthcare organizations successfully implement steps to contain the spread of COVID-19, industries have begun operations, albeit at a slow and more cautious pace.
  • Against this backdrop, Nova one advisor’s study predicts gradual recovery for the Automotive Suspension Spring market 2021 onwards. This trend will however continue through the course of the report’s assessment period

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Recent report on the Automotive Suspension Spring market, with the help of a comprehensive outlook, provides readers with an assessment of the global market landscape. This study on the Automotive Suspension Spring market analyzes the scenario for the period of 2017 to 2027, wherein, 2021 is the base year and 2020 is historical data. This report enables readers to make important decisions with regard to their business, with the help of a wealth of Information enclosed in the study. The report also provides the compound annual growth rate (CAGR) of the global Automotive Suspension Spring market for the forecast period of 2021–2027. This data can help readers interpret quantitative growth aspects of the global market during the forecast period. It presents a wealth of information on key market dynamics, including drivers, market trends, and challenges, as well as the structure of the global market across the globe.

The report analyzes the historical and present-day scenario of the global Automotive Suspension Spring market to accurately gauge its growth potential. The study presents detailed information about important growth factors, restraints, and key trends that are creating the landscape for growth of the global market in order to identify opportunities for stakeholders.

The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments in the scope of the study. Moreover, the report sheds light on the changing competitive dynamics in the Automotive Suspension Spring market. These indices serve as valuable tools for existing market players as well as for entities interested in participating in the market.

The report delves into the competition landscape of the global Automotive Suspension Spring market. Key players operating in the market have been identified and each one of these has been profiled for distinguishing business attributes. Company overview, financial standings, recent developments, and SWOT are some of the attributes of players in the Automotive Suspension Spring market that are profiled in this report.

Y-o-Y growth comparison, volume and revenue comparison, and market share comparison of various market segments are provided in the report. The Automotive Suspension Spring market is analyzed at both regional and country levels.

Some of the prominent players in the Automotive Suspension Spring Market include: EMCO, Eaton Detroit Spring, Hendrickson, Rassini, Jamna Auto Industries, FAW Group, NHK Springs, Continental AG, Sogefi., Kilen Springs, Draco Spring Mfg. Co., Renton Coil Spring Co. , American Showa Inc., TRW, Marelli SpA, and Showa Corporation.

Unravelling the Critical Segments

This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:

Global Automotive Suspension Spring Market: Segmentation

  • Automotive Suspension Spring Market, by Spring Type
    • Coil Spring
    • Leaf Spring
    • Torsion Bar
  • Automotive Suspension Spring Market, by Vehicle Type
    • Passenger Vehicle
    • Commercial Vehicle
  • Automotive Suspension Spring Market, by Material
    • Alloy Steel
    • Carbon Steel
    • Stainless Steel
    • Others
  • Automotive Suspension Spring Market, by Sales Channel
    • OEM
    • Aftermarket

Research Methodology

A unique research methodology has been utilized to conduct a comprehensive research on the growth of the global Automotive Suspension Spring market and arrive at conclusions on the future growth prospects of the market. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the drawn conclusions. Secondary sources referred to by analysts during the production of the global market report include statistics from company annual reports, SEC filings, company websites, World Bank database, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who contributed to the production of our study on the market as a primary source.

These primary and secondary sources provided exclusive information during interviews, which serves as a validation from mattress topper industry leaders. Access to an extensive internal repository and external proprietary databases allows this report to address specific details and questions about the global Automotive Suspension Spring market with accuracy. The study also uses the top-down approach to assess the numbers for each segment and the bottom-up approach to counter-validate them. This has helped to estimates the future prospects of the global market more reliable and accurate.

Key Questions are

  • What are the key factors influencing the Automotive Suspension Spring market in each region?
  • How much value will the global market generate by the end of the forecast period?
  • What will be the CAGR of the global market between 2021 and 2027?
  • What would be the Y-o-Y growth trend of the global market between 2021 and 2027?
  • What is the future scope and current trends in technologies of the global market?
  • What is the revenue of the global market based on segments?
  • Which key strategies are used by top players of the global market?
  • Which are the leading companies in the global market?
  • What are the essential strategies by key stakeholders in the market to expand their geographic presence?
  • What are the major advancements witnessed in the global market?

Why should you invest in this report?

If you are aiming to enter the global Automotive Suspension Spring market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for Automotive Suspension Spring are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2027 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

TABLE OF CONTENT

Chapter 1.    Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.    Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.    Executive Summary

3.1.  Market Snapshot

Chapter 4.    Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.     Raw Material Procurement Analysis

4.3.2.     Sales and Distribution Channel Analysis

4.3.3.     Downstream Buyer Analysis

Chapter 5.    Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.     Market Drivers

5.1.2.     Market Restraints

5.1.3.     Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.     Bargaining power of suppliers

5.2.2.     Bargaining power of buyers

5.2.3.     Threat of substitute

5.2.4.     Threat of new entrants

5.2.5.     Degree of competition

Chapter 6.    Competitive Landscape

6.1.1.     Company Market Share/Positioning Analysis

6.1.2.     Key Strategies Adopted by Players

6.1.3.     Vendor Landscape

6.1.3.1.          List of Suppliers

6.1.3.2.          List of Buyers

Chapter 7.    Global  Automotive Suspension Spring Market, By Spring Type

7.1.   Automotive Suspension Spring  Market, by Spring Type, 2021-2027

7.1.1.     Coil Spring

7.1.1.1.          Market Revenue and Forecast (2016-2027)

7.1.2.     Leaf Spring

7.1.2.1.          Market Revenue and Forecast (2016-2027)

7.1.3.     Torsion Bar

7.1.3.1.          Market Revenue and Forecast (2016-2027)

Chapter 8.    Global  Automotive Suspension Spring Market, By Vehicle Type

8.1.   Automotive Suspension Spring  Market, By Vehicle Type, 2021-2027

8.1.1.     Passenger Vehicle

8.1.1.1.          Market Revenue and Forecast (2016-2027)

8.1.2.     Commercial Vehicle

8.1.2.1.          Market Revenue and Forecast (2016-2027)

Chapter 9.    Global  Automotive Suspension Spring Market, By Material

9.1.   Automotive Suspension Spring  Market, by Material, 2021-2027

9.1.1.     Alloy Steel

9.1.1.1.          Market Revenue and Forecast (2016-2027)

9.1.2.     Carbon Steel

9.1.2.1.          Market Revenue and Forecast (2016-2027)

9.1.3.     Stainless Steel

9.1.3.1.          Market Revenue and Forecast (2016-2027)

9.1.4.     Others

9.1.4.1.          Market Revenue and Forecast (2016-2027)

Chapter 10.Global  Automotive Suspension Spring Market, By Sales Channel

10.1.           Automotive Suspension Spring  Market, by Sales Channel, 2021-2027

10.1.1.  OEM

10.1.1.1.       Market Revenue and Forecast (2016-2027)

10.1.2.  Aftermarket

10.1.2.1.       Market Revenue and Forecast (2016-2027)

Chapter 11.Global  Automotive Suspension Spring  Market, Regional Estimates and Trend Forecast

11.1.          North America

11.1.1.  Market Revenue and Forecast, by Spring Type (2016-2027)

11.1.2.  Market Revenue and Forecast, By Vehicle Type (2016-2027)

11.1.3.  Market Revenue and Forecast, by Material (2016-2027)

11.1.4.  Market Revenue and Forecast, by Sales Channel (2016-2027)

11.1.5.  U.S.

11.1.5.1.       Market Revenue and Forecast, by Spring Type (2016-2027)

11.1.5.2.       Market Revenue and Forecast, By Vehicle Type (2016-2027)

11.1.5.3.       Market Revenue and Forecast, by Material (2016-2027)

11.1.5.4.       Market Revenue and Forecast, by Sales Channel (2016-2027)

11.1.6.  Rest of North America

11.1.6.1.       Market Revenue and Forecast, by Spring Type (2016-2027)

11.1.6.2.       Market Revenue and Forecast, By Vehicle Type (2016-2027)

11.1.6.3.       Market Revenue and Forecast, by Material (2016-2027)

11.1.6.4.       Market Revenue and Forecast, by Sales Channel (2016-2027)

11.2.          Europe

11.2.1.  Market Revenue and Forecast, by Spring Type (2016-2027)

11.2.2.  Market Revenue and Forecast, By Vehicle Type (2016-2027)

11.2.3.  Market Revenue and Forecast, by Material (2016-2027)

11.2.4.  Market Revenue and Forecast, by Sales Channel (2016-2027)

11.2.5.  UK

11.2.5.1.       Market Revenue and Forecast, by Spring Type (2016-2027)

11.2.5.2.       Market Revenue and Forecast, By Vehicle Type (2016-2027)

11.2.5.3.       Market Revenue and Forecast, by Material (2016-2027)

11.2.5.4.       Market Revenue and Forecast, by Sales Channel (2016-2027)

11.2.6.  Germany

11.2.6.1.       Market Revenue and Forecast, by Spring Type(2016-2027)

11.2.6.2.       Market Revenue and Forecast, By Vehicle Type (2016-2027)

11.2.6.3.       Market Revenue and Forecast, by Material (2016-2027)

11.2.6.4.       Market Revenue and Forecast, by Sales Channel (2016-2027)

11.2.7.  France

11.2.7.1.       Market Revenue and Forecast, by Spring Type (2016-2027)

11.2.7.2.       Market Revenue and Forecast, By Vehicle Type (2016-2027)

11.2.7.3.       Market Revenue and Forecast, by Material (2016-2027)

11.2.7.4.       Market Revenue and Forecast, by Sales Channel (2016-2027)

11.2.8.  Rest of Europe

11.2.8.1.       Market Revenue and Forecast, by Spring Type (2016-2027)

11.2.8.2.       Market Revenue and Forecast, By Vehicle Type (2016-2027)

11.2.8.3.       Market Revenue and Forecast, by Material (2016-2027)

11.2.8.4.       Market Revenue and Forecast, by Sales Channel (2016-2027)

11.3.          APAC

11.3.1.  Market Revenue and Forecast, by Spring Type (2016-2027)

11.3.2.  Market Revenue and Forecast, By Vehicle Type (2016-2027)

11.3.3.  Market Revenue and Forecast, by Material (2016-2027)

11.3.4.  Market Revenue and Forecast, by Sales Channel (2016-2027)

11.3.5.  India

11.3.5.1.       Market Revenue and Forecast, by Spring Type (2016-2027)

11.3.5.2.       Market Revenue and Forecast, By Vehicle Type (2016-2027)

11.3.5.3.       Market Revenue and Forecast, by Material (2016-2027)

11.3.5.4.       Market Revenue and Forecast, by Sales Channel (2016-2027)

11.3.6.  China

11.3.6.1.       Market Revenue and Forecast, by Spring Type (2016-2027)

11.3.6.2.       Market Revenue and Forecast, By Vehicle Type (2016-2027)

11.3.6.3.       Market Revenue and Forecast, by Material (2016-2027)

11.3.6.4.       Market Revenue and Forecast, by Sales Channel (2016-2027)

11.3.7.  Japan

11.3.7.1.       Market Revenue and Forecast, by Spring Type (2016-2027)

11.3.7.2.       Market Revenue and Forecast, By Vehicle Type (2016-2027)

11.3.7.3.       Market Revenue and Forecast, by Material (2016-2027)

11.3.7.4.       Market Revenue and Forecast, by Sales Channel (2016-2027)

11.3.8.  Rest of APAC

11.3.8.1.       Market Revenue and Forecast, by Spring Type (2016-2027)

11.3.8.2.       Market Revenue and Forecast, By Vehicle Type (2016-2027)

11.3.8.3.       Market Revenue and Forecast, by Material (2016-2027)

11.3.8.4.       Market Revenue and Forecast, by Sales Channel (2016-2027)

11.4.          MEA

11.4.1.  Market Revenue and Forecast, by Spring Type (2016-2027)

11.4.2.  Market Revenue and Forecast, By Vehicle Type (2016-2027)

11.4.3.  Market Revenue and Forecast, by Material (2016-2027)

11.4.4.  Market Revenue and Forecast, by Sales Channel (2016-2027)

11.4.5.  GCC

11.4.5.1.       Market Revenue and Forecast, by Spring Type (2016-2027)

11.4.5.2.       Market Revenue and Forecast, By Vehicle Type (2016-2027)

11.4.5.3.       Market Revenue and Forecast, by Material (2016-2027)

11.4.5.4.       Market Revenue and Forecast, by Sales Channel (2016-2027)

11.4.6.  North Africa

11.4.6.1.       Market Revenue and Forecast, by Spring Type (2016-2027)

11.4.6.2.       Market Revenue and Forecast, By Vehicle Type (2016-2027)

11.4.6.3.       Market Revenue and Forecast, by Material (2016-2027)

11.4.6.4.       Market Revenue and Forecast, by Sales Channel (2016-2027)

11.4.7.  South Africa

11.4.7.1.       Market Revenue and Forecast, by Spring Type (2016-2027)

11.4.7.2.       Market Revenue and Forecast, By Vehicle Type (2016-2027)

11.4.7.3.       Market Revenue and Forecast, by Material (2016-2027)

11.4.7.4.       Market Revenue and Forecast, by Sales Channel (2016-2027)

11.4.8.  Rest of MEA

11.4.8.1.       Market Revenue and Forecast, by Spring Type (2016-2027)

11.4.8.2.       Market Revenue and Forecast, By Vehicle Type (2016-2027)

11.4.8.3.       Market Revenue and Forecast, by Material (2016-2027)

11.4.8.4.       Market Revenue and Forecast, by Sales Channel (2016-2027)

11.5.          Latin America

11.5.1.  Market Revenue and Forecast, by Spring Type (2016-2027)

11.5.2.  Market Revenue and Forecast, By Vehicle Type (2016-2027)

11.5.3.  Market Revenue and Forecast, by Material (2016-2027)

11.5.4.  Market Revenue and Forecast, by Sales Channel (2016-2027)

11.5.5.  Brazil

11.5.5.1.       Market Revenue and Forecast, by Spring Type (2016-2027)

11.5.5.2.       Market Revenue and Forecast, By Vehicle Type (2016-2027)

11.5.5.3.       Market Revenue and Forecast, by Material (2016-2027)

11.5.5.4.       Market Revenue and Forecast, by Sales Channel (2016-2027)

11.5.6.  Rest of LATAM

11.5.6.1.       Market Revenue and Forecast, by Spring Type (2016-2027)

11.5.6.2.       Market Revenue and Forecast, By Vehicle Type (2016-2027)

11.5.6.3.       Market Revenue and Forecast, by Material (2016-2027)

11.5.6.4.       Market Revenue and Forecast, by Sales Channel (2016-2027)

Chapter 12.   Company Profiles

12.1.                 EMCO

12.1.1.  Company Overview

12.1.2.  Product Offerings

12.1.3.  Financial Performance

12.1.4.  Recent Initiatives

12.2.                 Eaton Detroit Spring

12.2.1.  Company Overview

12.2.2.  Product Offerings

12.2.3.  Financial Performance

12.2.4.  Recent Initiatives

12.3.                 Hendrickson

12.3.1.  Company Overview

12.3.2.  Product Offerings

12.3.3.  Financial Performance

12.3.4.  Recent Initiatives

12.4.                 Rassini

12.4.1.  Company Overview

12.4.2.  Product Offerings

12.4.3.  Financial Performance

12.4.4.  Recent Initiatives

12.5.                 Jamna Auto Industries

12.5.1.  Company Overview

12.5.2.  Product Offerings

12.5.3.  Financial Performance

12.5.4.  Recent Initiatives

12.6.                 FAW Group

12.6.1.  Company Overview

12.6.2.  Product Offerings

12.6.3.  Financial Performance

12.6.4.  Recent Initiatives

12.7.                 NHK Springs

12.7.1.  Company Overview

12.7.2.  Product Offerings

12.7.3.  Financial Performance

12.7.4.  Recent Initiatives

12.8.                 Continental AG

12.8.1.  Company Overview

12.8.2.  Product Offerings

12.8.3.  Financial Performance

12.8.4.  Recent Initiatives

12.9.                 Sogefi.

12.9.1.  Company Overview

12.9.2.  Product Offerings

12.9.3.  Financial Performance

12.9.4.  Recent Initiatives

12.10.              Kilen Springs

12.10.1.                   Company Overview

12.10.2.                   Product Offerings

12.10.3.                   Financial Performance

12.10.4.                   Recent Initiatives

Chapter 13.   Research Methodology

13.1.                 Primary Research

13.2.                 Secondary Research

13.3.                 Assumptions

Chapter 14.   Appendix

14.1.                 About Us

14.2.                 Glossary of Terms

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

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