Automotive Leaf Spring Aftermarket to Reach US$ 1,998.8 million in 2024
Automotive Leaf Spring Aftermarket report is a 205-page study offering actionable insights into the global market opportunities, trends, forecasts, and competitive analysis.
(EMAILWIRE.COM, December 20, 2018 )
Stratview Research has published a new research report on Automotive Leaf Spring Aftermarket. This extensive 205-page report by Stratview Research analyses the growth of Automotive Leaf Spring Aftermarket over the trend period of 2013 to 2018 and forecast period of 2019 to 2024 under the following segments -
• By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium- and Heavy-Duty Commercial Vehicle)
• By Spring Type (Parabolic Leaf Spring, Multi-Leaf Spring)
• By Location Type (Front Suspension, Rear Suspension)
• By Region (North America, Europe, Asia-Pacific, Rest of the World)
Go through the detailed scope:https://www.stratviewresearch.com/toc/454/automotive-leaf-spring-aftermarket.html
Or
Get a free sample of the report: https://www.stratviewresearch.com/Request-Sample/454/automotive-leaf-spring-aftermarket.html
Transition in the Leaf Spring Technology, Material & Style
Leaf spring is one of the oldest suspension components and is still being preferred in most of the LCVs and MHCVs. The automotive industry has witnessed a remarkable transition in the leaf spring technology, material, style, design, etc. over a period of time. There are countless styles of leaf-spring suspension available worldwide featuring different mounting points, shapes, and sizes. Leaf spring has to be replaced frequently, generally in 9-12 months, due to the damages like sag, break, and crack, caused by several factors including uneven road and excess load on the vehicle.
Automotive Leaf Spring Aftermarket - Drivers
The global automotive leaf spring aftermarket is likely to witness a healthy growth rate over the next five years to reach an estimated value of US$ 1,998.8 million in 2024. Increasing automotive fleet size is the key driver of the leaf spring aftermarket demand. Organic growth in automobile production owing to increasing disposable income and growing urbanization, is also imprinting a positive impact on the future demand for leaf springs in the aftermarket segment.
Top market players
The global automotive leaf spring aftermarket is highly fragmented with the presence of many global as well as regional players. The automotive OE market for leaf spring is relatively consolidated with the presence of fewer regional players. The supply chain of this market comprises raw material suppliers, leaf spring manufacturers, automotive OEMs, distributors, and dealers. The key automotive leaf spring suppliers for the aftermarket are Hendrickson International, NHK Springs Co., Ltd., Jamna Auto Industries, Rassini, and Dongfeng Motor Suspension Spring Co., Ltd. These companies are also present in the OE segment.
About Stratview Research
Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making.
Stratview Research has published a new research report on Automotive Leaf Spring Aftermarket. This extensive 205-page report by Stratview Research analyses the growth of Automotive Leaf Spring Aftermarket over the trend period of 2013 to 2018 and forecast period of 2019 to 2024 under the following segments -
• By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium- and Heavy-Duty Commercial Vehicle)
• By Spring Type (Parabolic Leaf Spring, Multi-Leaf Spring)
• By Location Type (Front Suspension, Rear Suspension)
• By Region (North America, Europe, Asia-Pacific, Rest of the World)
Go through the detailed scope:https://www.stratviewresearch.com/toc/454/automotive-leaf-spring-aftermarket.html
Or
Get a free sample of the report: https://www.stratviewresearch.com/Request-Sample/454/automotive-leaf-spring-aftermarket.html
Transition in the Leaf Spring Technology, Material & Style
Leaf spring is one of the oldest suspension components and is still being preferred in most of the LCVs and MHCVs. The automotive industry has witnessed a remarkable transition in the leaf spring technology, material, style, design, etc. over a period of time. There are countless styles of leaf-spring suspension available worldwide featuring different mounting points, shapes, and sizes. Leaf spring has to be replaced frequently, generally in 9-12 months, due to the damages like sag, break, and crack, caused by several factors including uneven road and excess load on the vehicle.
Automotive Leaf Spring Aftermarket - Drivers
The global automotive leaf spring aftermarket is likely to witness a healthy growth rate over the next five years to reach an estimated value of US$ 1,998.8 million in 2024. Increasing automotive fleet size is the key driver of the leaf spring aftermarket demand. Organic growth in automobile production owing to increasing disposable income and growing urbanization, is also imprinting a positive impact on the future demand for leaf springs in the aftermarket segment.
Top market players
The global automotive leaf spring aftermarket is highly fragmented with the presence of many global as well as regional players. The automotive OE market for leaf spring is relatively consolidated with the presence of fewer regional players. The supply chain of this market comprises raw material suppliers, leaf spring manufacturers, automotive OEMs, distributors, and dealers. The key automotive leaf spring suppliers for the aftermarket are Hendrickson International, NHK Springs Co., Ltd., Jamna Auto Industries, Rassini, and Dongfeng Motor Suspension Spring Co., Ltd. These companies are also present in the OE segment.
About Stratview Research
Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making.
Contact Information:
Stratview Research
Ritesh Gandecha
Tel: +1-313-307-4176
Email us
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Stratview Research
Ritesh Gandecha
Tel: +1-313-307-4176
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results