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Global Automotive leaf spring Market Size study, by Material Type (Steel spring and Composite leaf spring), By Vehicle Type (Light weight vehicles, Medium weight vehicles, and Heavy weight vehicles), by Spring Type (Parabolic leaf spring and Multi-leaf spring) and Regional Forecasts 2022-2029

February 2023 | 200 pages | ID: G0B035849136EN
Bizwit Research & Consulting LLP

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Global Automotive leaf spring Market is valued at approximately USD XX Billion in 2021 and is anticipated to grow with a healthy growth rate of more than 6.5 % over the forecast period 2022-2029. The leaf spring in automotive sector is gaining rapid traction as it provides comfort, safety and load handling capability to the consumer. The technological advancements in automotive industry have led to the rising demand for leaf springs as the leaf spring is commonly used for suspensions to absorb shocks and vibrations along with bump loads with the help of spring deflection in vehicles. The ability of the leaf spring to reduce weight along with the material cost has led to the rising demand for light weight vehicles globally. The continuous expansion of auto component sector is another key factor driving the market growth.

According to Statista – as of the financial year 2022, the market size for auto components in India amounted to USD 56.5 billion, witnessing an increase from USD 46 billion in financial year 2021. Also, with the favorable government initiatives to increase fuel efficiencies by reducing the weight of vehicles, the leaf spring market is gaining traction over the forecast period. The factor leading to the wide adoption of leaf spring solutions as it serves as a replacement for traditional spring assembly due to their reduced weight and the ability to carry equal weight capacity. However, volatile cost of raw materials stifles market growth throughout the forecast period of 2022-2029.

The regional analysis of global Automotive leaf spring market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia Pacific is expected to register significant growth over the forecast period owing to the increasing adoption of composite leaf springs in light weight vehicles and passenger cars. Whereas, Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as presence of major market players in the region tends to drive the market share of automotive leaf springs.

Major market players included in this report are:
Akar Tools Limited India
Auto Steels
Emco Industries
Hendrickson USA, L.L.C.
Jamna Auto Industries Ltd.
Jonas Woodhead & Sons India Ltd.
MackSprings
NHK Springs Co. Ltd.
Protopower Springs Pvt. Ltd.
Rassini

Recent Developments in the Market:
In 2021, Hexion and Rassini announced a collaboration for the usage of composite leaf springs in Ford's new F-150 pickup truck. Rassini designed a hybrid rear suspension with a parabolic main steel leaf and a composite assist. Furthermore, Hexion's Epikote epoxy resin technology was chosen because it enables mass production of the composite helper spring.

Global Automotive Leaf Spring Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Material Type, Vehicle Type, Spring Type, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Material offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Material Type:
Steel Spring
Composite Leaf Spring

By Vehicle Type:
Light weight vehicles
Medium weight vehicles
Heavy weight vehicles

By Spring Type
Parabolic leaf spring
Multi-leaf spring

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
  1.2.1. Automotive Leaf Spring Market, by Region, 2019-2029 (USD Billion)
  1.2.2. Automotive Leaf Spring Market, by Material Type, 2019-2029 (USD Billion)
  1.2.3. Automotive Leaf Spring Market, by Vehicle Type, 2019-2029 (USD Billion)
  1.2.4. Automotive Leaf Spring Market, by Spring Type, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL AUTOMOTIVE LEAF SPRING MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Scope of the Study
  2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL AUTOMOTIVE LEAF SPRING MARKET DYNAMICS

3.1. Automotive Leaf Spring Market Impact Analysis (2019-2029)
  3.1.1. Market Drivers
    3.1.1.1. Technological advancements in automotive industry
    3.1.1.2. Growing expansion of auto component sector
  3.1.2. Market Challenges
    3.1.2.1. Volatile cost of raw materials
  3.1.3. Market Opportunities
    3.1.3.1. Favourable government initiatives towards increasing fuel efficiency of vehicles

CHAPTER 4. GLOBAL AUTOMOTIVE LEAF SPRING MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
  4.3.1. Political
  4.3.2. Economical
  4.3.3. Social
  4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion

CHAPTER 5. RISK ASSESSMENT: COVID-19 IMPACT

5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario

CHAPTER 6. GLOBAL AUTOMOTIVE LEAF SPRING MARKET, BY MATERIAL TYPE

6.1. Market Snapshot
6.2. Global Automotive Leaf Spring Market by Material Type, Performance - Potential Analysis
6.3. Global Automotive Leaf Spring Market Estimates & Forecasts by Material Type 2019-2029 (USD Billion)
6.4. Automotive Leaf Spring Market, Sub Segment Analysis
  6.4.1. Steel Spring
  6.4.2. Composite Leaf Spring

CHAPTER 7. GLOBAL AUTOMOTIVE LEAF SPRING MARKET, BY VEHICLE TYPE

7.1. Market Snapshot
7.2. Global Automotive Leaf Spring Market by Vehicle Type, Performance - Potential Analysis
7.3. Global Automotive Leaf Spring Market Estimates & Forecasts by Vehicle Type 2019-2029 (USD Billion)
7.4. Automotive Leaf Spring Market, Sub Segment Analysis
  7.4.1. Light weight vehicles
  7.4.2. Medium weight vehicles
  7.4.3. Heavy weight vehicles

CHAPTER 8. GLOBAL AUTOMOTIVE LEAF SPRING MARKET, BY SPRING TYPE

8.1. Market Snapshot
8.2. Global Automotive Leaf Spring Market by Spring Type, Performance - Potential Analysis
8.3. Global Automotive Leaf Spring Market Estimates & Forecasts by Spring Type 2019-2029 (USD Billion)
8.4. Automotive Leaf Spring Market, Sub Segment Analysis
  8.4.1. Parabolic leaf spring
  8.4.2. Multi-leaf spring

CHAPTER 9. GLOBAL AUTOMOTIVE LEAF SPRING MARKET, REGIONAL ANALYSIS

9.1. Automotive Leaf Spring Market, Regional Market Snapshot
9.2. North America Automotive Leaf Spring Market
  9.2.1. U.S. Automotive Leaf Spring Market
    9.2.1.1. Material Type breakdown estimates & forecasts, 2019-2029
    9.2.1.2. Vehicle Type breakdown estimates & forecasts, 2019-2029
    9.2.1.3. Spring Type breakdown estimates & forecasts, 2019-2029
  9.2.2. Canada Automotive Leaf Spring Market
9.3. Europe Automotive Leaf Spring Market Snapshot
  9.3.1. U.K. Automotive Leaf Spring Market
  9.3.2. Germany Automotive Leaf Spring Market
  9.3.3. France Automotive Leaf Spring Market
  9.3.4. Spain Automotive Leaf Spring Market
  9.3.5. Italy Automotive Leaf Spring Market
  9.3.6. Rest of Europe Automotive Leaf Spring Market
9.4. Asia-Pacific Automotive Leaf Spring Market Snapshot
  9.4.1. China Automotive Leaf Spring Market
  9.4.2. India Automotive Leaf Spring Market
  9.4.3. Japan Automotive Leaf Spring Market
  9.4.4. Australia Automotive Leaf Spring Market
  9.4.5. South Korea Automotive Leaf Spring Market
  9.4.6. Rest of Asia Pacific Automotive Leaf Spring Market
9.5. Latin America Automotive Leaf Spring Market Snapshot
  9.5.1. Brazil Automotive Leaf Spring Market
  9.5.2. Mexico Automotive Leaf Spring Market
  9.5.3. Rest of Latin America Automotive Leaf Spring Market
9.6. Rest of The World Automotive Leaf Spring Market

CHAPTER 10. COMPETITIVE INTELLIGENCE

10.1. Top Market Strategies
10.2. Company Profiles
  10.2.1. Akar Tools Limited India
    10.2.1.1. Key Information
    10.2.1.2. Overview
    10.2.1.3. Financial (Subject to Data Availability)
    10.2.1.4. Product Summary
    10.2.1.5. Recent Developments
  10.2.2. Auto Steels
  10.2.3. Emco Industries
  10.2.4. Hendrickson USA, L.L.C.
  10.2.5. Jamna Auto Industries Ltd.
  10.2.6. Jonas Woodhead & Sons India Ltd.
  10.2.7. MackSprings
  10.2.8. NHK Springs Co. Ltd.
  10.2.9. Protopower Springs Pvt. Ltd.
  10.2.10. Rassini

CHAPTER 11. RESEARCH PROCESS

11.1. Research Process
  11.1.1. Data Mining
  11.1.2. Analysis
  11.1.3. Market Estimation
  11.1.4. Validation
  11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Automotive Leaf Spring Market, report scope
TABLE 2. Global Automotive Leaf Spring Market estimates & forecasts by Region 2019-2029 (USD Billion)
TABLE 3. Global Automotive Leaf Spring Market estimates & forecasts by Material Type 2019-2029 (USD Billion)
TABLE 4. Global Automotive Leaf Spring Market estimates & forecasts by Vehicle Type 2019-2029 (USD Billion)
TABLE 5. Global Automotive Leaf Spring Market estimates & forecasts by Spring Type 2019-2029 (USD Billion)
TABLE 6. Global Automotive Leaf Spring Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 7. Global Automotive Leaf Spring Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 8. Global Automotive Leaf Spring Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 9. Global Automotive Leaf Spring Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 10. Global Automotive Leaf Spring Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 11. Global Automotive Leaf Spring Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 12. Global Automotive Leaf Spring Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 13. Global Automotive Leaf Spring Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 14. Global Automotive Leaf Spring Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 15. Global Automotive Leaf Spring Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 16. U.S. Automotive Leaf Spring Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 17. U.S. Automotive Leaf Spring Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 18. U.S. Automotive Leaf Spring Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 19. Canada Automotive Leaf Spring Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 20. Canada Automotive Leaf Spring Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 21. Canada Automotive Leaf Spring Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 22. UK Automotive Leaf Spring Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 23. UK Automotive Leaf Spring Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 24. UK Automotive Leaf Spring Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 25. Germany Automotive Leaf Spring Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 26. Germany Automotive Leaf Spring Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 27. Germany Automotive Leaf Spring Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 28. France Automotive Leaf Spring Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 29. France Automotive Leaf Spring Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 30. France Automotive Leaf Spring Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 31. Italy Automotive Leaf Spring Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 32. Italy Automotive Leaf Spring Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 33. Italy Automotive Leaf Spring Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 34. Spain Automotive Leaf Spring Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 35. Spain Automotive Leaf Spring Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 36. Spain Automotive Leaf Spring Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 37. RoE Automotive Leaf Spring Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 38. RoE Automotive Leaf Spring Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 39. RoE Automotive Leaf Spring Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 40. China Automotive Leaf Spring Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 41. China Automotive Leaf Spring Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 42. China Automotive Leaf Spring Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 43. India Automotive Leaf Spring Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 44. India Automotive Leaf Spring Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 45. India Automotive Leaf Spring Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 46. Japan Automotive Leaf Spring Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 47. Japan Automotive Leaf Spring Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 48. Japan Automotive Leaf Spring Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 49. South Korea Automotive Leaf Spring Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 50. South Korea Automotive Leaf Spring Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 51. South Korea Automotive Leaf Spring Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 52. Australia Automotive Leaf Spring Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 53. Australia Automotive Leaf Spring Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 54. Australia Automotive Leaf Spring Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 55. RoAPAC Automotive Leaf Spring Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 56. RoAPAC Automotive Leaf Spring Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 57. RoAPAC Automotive Leaf Spring Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 58. Brazil Automotive Leaf Spring Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 59. Brazil Automotive Leaf Spring Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 60. Brazil Automotive Leaf Spring Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 61. Mexico Automotive Leaf Spring Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 62. Mexico Automotive Leaf Spring Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 63. Mexico Automotive Leaf Spring Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 64. RoLA Automotive Leaf Spring Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 65. RoLA Automotive Leaf Spring Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 66. RoLA Automotive Leaf Spring Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 67. Row Automotive Leaf Spring Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 68. Row Automotive Leaf Spring Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 69. Row Automotive Leaf Spring Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 70. List of secondary sources, used in the study of global Automotive Leaf Spring Market
TABLE 71. List of primary sources, used in the study of global Automotive Leaf Spring Market
TABLE 72. Years considered for the study
TABLE 73. Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Automotive Leaf Spring Market, research methodology
FIG 2. Global Automotive Leaf Spring Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Automotive Leaf Spring Market, key trends 2021
FIG 5. Global Automotive Leaf Spring Market, growth prospects 2022-2029
FIG 6. Global Automotive Leaf Spring Market, porters 5 force model
FIG 7. Global Automotive Leaf Spring Market, pest analysis
FIG 8. Global Automotive Leaf Spring Market, value chain analysis
FIG 9. Global Automotive Leaf Spring Market by segment, 2019 & 2029 (USD Billion)
FIG 10. Global Automotive Leaf Spring Market by segment, 2019 & 2029 (USD Billion)
FIG 11. Global Automotive Leaf Spring Market by segment, 2019 & 2029 (USD Billion)
FIG 12. Global Automotive Leaf Spring Market by segment, 2019 & 2029 (USD Billion)
FIG 13. Global Automotive Leaf Spring Market by segment, 2019 & 2029 (USD Billion)
FIG 14. Global Automotive Leaf Spring Market, regional snapshot 2019 & 2029
FIG 15. North America Automotive Leaf Spring Market 2019 & 2029 (USD Billion)
FIG 16. Europe Automotive Leaf Spring Market 2019 & 2029 (USD Billion)
FIG 17. Asia Pacific Automotive Leaf Spring Market 2019 & 2029 (USD Billion)
FIG 18. Latin America Automotive Leaf Spring Market 2019 & 2029 (USD Billion)
FIG 19. Global Automotive Leaf Spring Market, company Market share analysis (2021)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable


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