Global Automotive Composite Leaf Springs Market Likely to Grow at 10% During 2017 to 2022
This market report, from Stratview Research, studies the composite leaf springs market in the global automotive industry over the trend & forecast period of 2011 to 2022.
(EMAILWIRE.COM, October 13, 2018 )
This market report, from Stratview Research, studies the composite leaf springs market in the global automotive industry over the trend & forecast period of 2011 to 2022.
Composite Leaf Springs Market in the Global Automotive Industry: Highlights
As per Stratview Research, the global automotive composite leaf springs market is likely to offer an excellent growth of 10% CAGR during the forecast period of 2017 to 2022 and reach an estimated $72.3 million in 2022, which offers an opportunity to the composites industry players to align themselves with the market growth.
There are several factors bolstering the growth of composite leaf springs in the global automotive industry. The author of the report cited increasing automobile production and increasing demand for lightweight leaf springs to achieve stringent government regulations in many countries, such as CAFÉ Standards, as the major growth drivers of the composite leaf springs market in the automotive industry.
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Based on vehicle type, light commercial vehicle (LCV) is the expected to remain the growth engine of the global composite leaf springs market during the forecast period. Pickup, Van, and SUVs are the major LCV types that are using composite leaf springs at either transversal or longitudinal position, depending on requirement, vehicle design type, etc.
As per the study, transversal installation dominates the global automotive composite leaf springs market driven by higher usage in the passenger cars and LCVs, however, longitudinal installation type is likely to witness the highest growth during the forecast period, owing to higher use in medium-& heavy-duty commercial vehicles (M&HCV) segment and increasing use in LCVs.
Research findings suggest that compression molding is expected to remain the most dominant manufacturing process in the global automotive composite leaf springs market during the forecast period. However, High Pressure-Resin Transfer Molding (HP-RTM) is likely to experience the highest growth during the same period, driven by the shorter parts cycle time.
The global market for composite leaf springs is relatively smaller and highly consolidated. The top three composite leaf spring manufacturers are Liteflex LLC, IFC Composite, and Benteler-SGL. New product development, capacity expansion, and process optimization are the key strategies adopted by the major players to gain a competitive edge in the market.
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.
This market report, from Stratview Research, studies the composite leaf springs market in the global automotive industry over the trend & forecast period of 2011 to 2022.
Composite Leaf Springs Market in the Global Automotive Industry: Highlights
As per Stratview Research, the global automotive composite leaf springs market is likely to offer an excellent growth of 10% CAGR during the forecast period of 2017 to 2022 and reach an estimated $72.3 million in 2022, which offers an opportunity to the composites industry players to align themselves with the market growth.
There are several factors bolstering the growth of composite leaf springs in the global automotive industry. The author of the report cited increasing automobile production and increasing demand for lightweight leaf springs to achieve stringent government regulations in many countries, such as CAFÉ Standards, as the major growth drivers of the composite leaf springs market in the automotive industry.
Click here for Table Of Contents ;-
https://www.stratviewresearch.com/toc/181/automotive-composite-leaf-springs-market.html
or
Request Sample :-
https://www.stratviewresearch.com/Request-Sample/181/automotive-composite-leaf-springs-market.html
Based on vehicle type, light commercial vehicle (LCV) is the expected to remain the growth engine of the global composite leaf springs market during the forecast period. Pickup, Van, and SUVs are the major LCV types that are using composite leaf springs at either transversal or longitudinal position, depending on requirement, vehicle design type, etc.
As per the study, transversal installation dominates the global automotive composite leaf springs market driven by higher usage in the passenger cars and LCVs, however, longitudinal installation type is likely to witness the highest growth during the forecast period, owing to higher use in medium-& heavy-duty commercial vehicles (M&HCV) segment and increasing use in LCVs.
Research findings suggest that compression molding is expected to remain the most dominant manufacturing process in the global automotive composite leaf springs market during the forecast period. However, High Pressure-Resin Transfer Molding (HP-RTM) is likely to experience the highest growth during the same period, driven by the shorter parts cycle time.
The global market for composite leaf springs is relatively smaller and highly consolidated. The top three composite leaf spring manufacturers are Liteflex LLC, IFC Composite, and Benteler-SGL. New product development, capacity expansion, and process optimization are the key strategies adopted by the major players to gain a competitive edge in the market.
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