Global Automotive Composite Suspension Components Market Likely to Reach $83.7 Million
This market report, from Stratview Research, studies the composite suspension components market in the global automotive industry over the period 2011 to 2022.
(EMAILWIRE.COM, October 16, 2018 )
This market report, from Stratview Research, studies the composite suspension components market in the global automotive industry over the period 2011 to 2022.
Composite Suspension Components Market in the Global Automotive Industry: Highlights
As per Stratview Research, the global composite suspension components market offers an impressive during the forecast period of 2017 to 2022 and reach US$ 83.7 million in 2022, which offers an opportunity to the automotive and composites industry players to align themselves with the market growth.
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There are several factors bolstering the growth of composite suspension components in the global automotive industry. The author of the report cited organic growth of automobile production, growing preference for composite components in passenger and light commercial vehicles, development of new composite suspension applications, an advancement in the composites technology, and stringent government regulations regarding fuel efficiency and carbon emission reductions as the major growth drivers of the market.
Composite leaf springs are expected to remain the largest segment in the global automotive suspension components market during the forecast period. Composite leaf springs are mainly used in passenger cars and light commercial vehicles. Pickup, Van, and SUVs are the major vehicle types that are using composite leaf springs on either transversal or longitudinal position depending on requirements, vehicle design, etc.
LCV, currently, dominates the global automotive composite suspension components market because of higher usage of composite leaf springs in LCVs. However, passenger car segment is projected to witness the highest growth during the forecast period, driven by an increasing usage of leaf springs and coil springs.
As per the study, the global automotive composite suspension components market is highly consolidated with the presence of less than a dozen global players. The key composite component manufacturers for suspension system are Liteflex LLC, IFC Composite GmbH, Benteler-SGL, and Sogefi Group. 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 global market intelligence firm providing wide range of services including syndicated market reports, custom research and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.
This market report, from Stratview Research, studies the composite suspension components market in the global automotive industry over the period 2011 to 2022.
Composite Suspension Components Market in the Global Automotive Industry: Highlights
As per Stratview Research, the global composite suspension components market offers an impressive during the forecast period of 2017 to 2022 and reach US$ 83.7 million in 2022, which offers an opportunity to the automotive and composites industry players to align themselves with the market growth.
Click here for Table Of Contents:-
https://www.stratviewresearch.com/toc/184/automotive-composite-suspension-components-market.html
or
Request Sample :-
https://www.stratviewresearch.com/Request-Sample/184/automotive-composite-suspension-components-market.html
There are several factors bolstering the growth of composite suspension components in the global automotive industry. The author of the report cited organic growth of automobile production, growing preference for composite components in passenger and light commercial vehicles, development of new composite suspension applications, an advancement in the composites technology, and stringent government regulations regarding fuel efficiency and carbon emission reductions as the major growth drivers of the market.
Composite leaf springs are expected to remain the largest segment in the global automotive suspension components market during the forecast period. Composite leaf springs are mainly used in passenger cars and light commercial vehicles. Pickup, Van, and SUVs are the major vehicle types that are using composite leaf springs on either transversal or longitudinal position depending on requirements, vehicle design, etc.
LCV, currently, dominates the global automotive composite suspension components market because of higher usage of composite leaf springs in LCVs. However, passenger car segment is projected to witness the highest growth during the forecast period, driven by an increasing usage of leaf springs and coil springs.
As per the study, the global automotive composite suspension components market is highly consolidated with the presence of less than a dozen global players. The key composite component manufacturers for suspension system are Liteflex LLC, IFC Composite GmbH, Benteler-SGL, and Sogefi Group. 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 global market intelligence firm providing wide range of services including syndicated market reports, custom research and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.
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