Global Automotive Leaf Spring Market

Global Automotive Leaf Spring Market Size, Trends & Analysis- Forecasts to 2026 By Vehicle Type (Passenger Car, Light Duty Vehicles, Medium and Heavy-Duty Vehicles, and others), By Material (Metals, Composite Material), By Application (Airbags, Seat Belts, Suspension, Clutch, Others), By Region (North America, Europe, Asia Pacific, and Rest of the World); Vendor Landscape, End-User Landscape, and Company Market Share Analysis & Competitor Analysis

Category Automotive & Transportation

Format

This report was recently updated on April 12 2024 with the latest and most recent market numbers

Automotive Leaf Spring Market Insights

The global automotive leaf spring market is estimated to grow at a significant CAGR% during the forecast period [2020-2026]. Economic growth, growing industrial activities, and commercial business leads to increased production of light, medium, and heavy commercial vehicles, thereby propels the growth of the automotive leaf spring market. Automotive leaf spring refers to the vehicle’s suspension system that provides support and safer ride by absorbing any bumps and potholes on the road. It is also used to locate the vehicle’s axle and in controlling the vehicle’s height by which the vehicle operates and assists in keeping the tier aligned on road. Increase in demand for lightweight leaf spring for reducing the weight of the vehicle, and high investments in R&D activities for material and technological advancements in leaf sprigs are some of the major factors expected to propel the market growth during the forecast period. Rising demand for comfort and luxury passenger vehicles is also booting the market growth for automotive leaf spring.

Automotive Leaf Spring Market: By Vehicle Type

On the basis of vehicle type, the automotive leaf spring market is classified into passenger cars, light-duty vehicles, and medium & heavy-duty vehicles among others. The medium & high duty vehicles are anticipated to dominate the market during the forecast period. The increasing industrial and commercial activities across the developed and developing nations is driving the market for medium & heavy duty vehicles. The passenger vehicles are expected to witness considerable growth during the forecast period. The rising personal disposable income and changing consumer perspective is leading to the increasing demand for comfort and luxury vehicles.

Automotive Leaf Spring Market: By Material

On the basis of material, the automotive leaf spring market is bifurcated into metal springs and composite leaf springs. The metal leaf spring segment holds the largest market share over the forecast period. The composite leaf spring segment is also expected to grow at a high CAGR over the coming years. The composite leaf spring market offers excellent strength-to-weight ratio, fatigue resistance, and high vibration energy absorption which reduces transmission of vibration noise to the other neighbouring structures.

Automotive Leaf Spring Market: By Application

On the basis of application, the automotive leaf spring market is segmented into airbags, seat belts, suspension, and clutch among others. The suspension segment is estimated to hold the largest market share due to stringent government regulations to meet safety and comfort standards. This increases the demand for leaf spring in the suspension segment to keep tier aligned to the road and to provide a safer ride by absorbing potholes and bumps on the road.

Automotive Leaf Spring Market: By Region

Asia Pacific region is projected to hold the largest market share during the forecast period. The increasing production of heavy commercial vehicles in countries like China, India, South Korea, and Japan propels the market growth. China has the largest production and consumption of commercial vehicles. Europe and North America are also expected to witness considerable growth over the period. Presence of leading automobile companies such as Ford, Chevrolet, Benz, and Audi among others is driving the market growth in the regions.

Automotive Leaf Spring Market Share & Competitor Analysis

Some of the key players operating in the global automotive leaf spring market include: NHK Spring Co. Ltd, IFC Composite GmbH, Dongfeng Motor Corporation, Hendrickson, Pontiac Ventura, and Rassini among others.

Please note: This is not an exhaustive list of companies profiled in the report.

Check the Press Release on Global Automotive Leaf Spring Market Report

Automotive Leaf Spring Market: By Vehicle Type

Introduction
1. Automotive Leaf Spring Market, By Vehicle Type, 2018-2026 (USD Million)
Passenger Car
1. Passenger Car: Automotive Leaf Spring Market, 2018-2026 (USD Million)
Light Duty Vehicles
1. Light Duty Vehicles: Automotive Leaf Spring Market, 2018-2026 (USD Million)
Medium and Heavy-Duty Vehicles
1. Medium and Heavy-Duty Vehicles: Automotive Leaf Spring Market, 2018-2026 (USD Million)
Others
1. Others: Automotive Leaf Spring Market, 2018-2026 (USD Million)

Automotive Leaf Spring Market: By Material

Introduction
1. Automotive Leaf Spring Market, By Material, 2018-2026 (USD Million)
Metals
1. Metals: Automotive Leaf Spring Market, 2018-2026 (USD Million)
Composite Material
1. Composite Material: Automotive Leaf Spring Market, 2018-2026 (USD Million)

Automotive Leaf Spring Market: By Application

Introduction
1. Automotive Leaf Spring Market, By Application, 2018-2026 (USD Million)
Airbags
1. Airbags: Automotive Leaf Spring Market, 2018-2026 (USD Million)
Seat belts
1. Seat belts: Automotive Leaf Spring Market, 2018-2026 (USD Million)
Others
1. Others: Automotive Leaf Spring Market, 2018-2026 (USD Million)

Automotive Leaf Spring Market: By Region

Introduction
1. Global Automotive Leaf Spring Market, Regional Analysis, 2018-2026 (USD Million)
North America
1. North America Automotive Leaf Spring Market, Regional Analysis, 2018-2026 (USD Million)
  1. By Vehicle Type
    1. North America Automotive Leaf Spring Market, By Vehicle Type, 2018-2026 (USD Million)
  2. By Application
    1. North America Automotive Leaf Spring Market, By Application, 2018-2026 (USD Million)
  3. By Material
    1. North America Automotive Leaf Spring Market, By Material, 2018-2026 (USD Million)
  4. By Country
    1. U.S.
      1. By Vehicle Type
        
        U.S Automotive Leaf Spring Market, By Vehicle Type, 2018-2026 (USD Million)
      2. By Application
        
        U.S Automotive Leaf Spring Market, By Application, 2018-2026 (USD Million)
      3. By Material
        
        U.S Automotive Leaf Spring Market, By Material, 2018-2026 (USD Million)
    2. Canada.
      1. By Vehicle Type
        
        Canada Automotive Leaf Spring Market, By Vehicle Type, 2018-2026 (USD Million)
      2. By Application
        
        Canada Automotive Leaf Spring Market, By Application, 2018-2026 (USD Million)
      3. By Material
        
        Canada Automotive Leaf Spring Market, By Material, 2018-2026 (USD Million)
    3. Mexico
      1. By Vehicle Type
        
        Mexico Automotive Leaf Spring Market, By Vehicle Type, 2018-2026 (USD Million)
      2. By Application
        
        Mexico Automotive Leaf Spring Market, By Application, 2018-2026 (USD Million)
      3. By Material
        
        Mexico Automotive Leaf Spring Market, By Material, 2018-2026 (USD Million)
Europe
1. Europe Automotive Leaf Spring Market, Regional Analysis, 2018-2026 (USD Million)
  1. By Vehicle Type
    1. Europe Automotive Leaf Spring Market, By Vehicle Type, 2018-2026 (USD Million)
  2. By Application
    1. Europe Automotive Leaf Spring Market, By Application, 2018-2026 (USD Million)
  3. By Material
    1. Europe Automotive Leaf Spring Market, By Material, 2018-2026 (USD Million)
  4. By Country
    1. Germany
      1. By Vehicle Type
        
        Germany Automotive Leaf Spring Market, By Vehicle Type, 2018-2026 (USD Million)
      2. By Application
        
        Germany Automotive Leaf Spring Market, By Application, 2018-2026 (USD Million)
      3. By Material
        
        Germany Automotive Leaf Spring Market, By Vertical, 2018-2026 (USD Million)
    2. UK
      1. By Vehicle Type
        
        UK Automotive Leaf Spring Market, By Vehicle Type, 2018-2026 (USD Million)
      2. By Application
        
        UK Automotive Leaf Spring Market, By Application, 2018-2026 (USD Million)
      3. By Material
        
        UK Automotive Leaf Spring Market, By Material, 2018-2026 (USD Million)
    3. France
      1. By Vehicle Type
        
        France Automotive Leaf Spring Market, By Vehicle Type, 2018-2026 (USD Million)
      2. By Application
        
        France Automotive Leaf Spring Market, By Application, 2018-2026 (USD Million)
      3. By Material
        
        France Automotive Leaf Spring Market, By Material, 2018-2026 (USD Million)
    4. Italy
      1. By Vehicle Type
        
        Italy Automotive Leaf Spring Market, By Vehicle Type, 2018-2026 (USD Million)
      2. By Application
        
        Italy Automotive Leaf Spring Market, By Application, 2018-2026 (USD Million)
      3. By Material
        
        Italy Automotive Leaf Spring Market, By Material, 2018-2026 (USD Million)
    5. Spain
      1. By Vehicle Type
        
        Spain Automotive Leaf Spring Market, By Vehicle Type, 2018-2026 (USD Million)
      2. By Application
        
        Spain Automotive Leaf Spring Market, By Application, 2018-2026 (USD Million)
      3. By Material
        
        Spain Automotive Leaf Spring Market, By Material, 2018-2026 (USD Million)
    6. Rest Of Europe
      1. By Vehicle Type
        
        Rest Of Europe Automotive Leaf Spring Market, By Vehicle Type, 2018-2026 (USD Million)
      2. By Application
        
        Rest Of Europe Automotive Leaf Spring Market, By Application, 2018-2026 (USD Million)
      3. By Material
        
        Rest Of Europe Automotive Leaf Spring Market, By Material, 2018-2026 (USD Million)
Asia Pacific
1. Asia Pacific Automotive Leaf Spring Market, Regional Analysis, 2018-2026 (USD Million)
  1. By Vehicle Type
    1. Asia Pacific Automotive Leaf Spring Market, By Vehicle Type, 2018-2026 (USD Million)
  2. By Application
    1. Asia Pacific Automotive Leaf Spring Market, By Application, 2018-2026 (USD Million)
  3. By Material
    1. Asia Pacific Automotive Leaf Spring Market, By Material, 2018-2026 (USD Million)
  4. By Country
    1. China
      1. By Vehicle Type
        
        China Automotive Leaf Spring Market, By Vehicle Type, 2018-2026 (USD Million)
      2. By Application
        
        China Automotive Leaf Spring Market, By Application, 2018-2026 (USD Million)
      3. By Material
        
        China Automotive Leaf Spring Market, By Material, 2018-2026 (USD Million)
    2. Japan
      1. By Vehicle Type
        
        Japan Automotive Leaf Spring Market, By Vehicle Type, 2018-2026 (USD Million)
      2. By Application
        
        Japan Automotive Leaf Spring Market, By Application, 2018-2026 (USD Million)
      3. By Material
        
        Japan Automotive Leaf Spring Market, By Material, 2018-2026 (USD Million)
    3. India
      1. By Vehicle Type
        
        India Automotive Leaf Spring Market, By Vehicle Type, 2018-2026 (USD Million)
      2. By Application
        
        India Automotive Leaf Spring Market, By Application, 2018-2026 (USD Million)
      3. By Material
        
        India Automotive Leaf Spring Market, By Material, 2018-2026 (USD Million)
    4. South Korea
      1. By Vehicle Type
        
        South Korea Automotive Leaf Spring Market, By Vehicle Type, 2018-2026 (USD Million)
      2. By Application
        
        South Korea Automotive Leaf Spring Market, By Application, 2018-2026 (USD Million)
      3. By Material
        
        South Korea Automotive Leaf Spring Market, By Material, 2018-2026 (USD Million)
    5. Rest Of APAC
      1. By Vehicle Type
        
        Rest Of APAC Automotive Leaf Spring Market, By Vehicle Type, 2018-2026 (USD Million)
      2. By Application
        
        Rest Of APAC Automotive Leaf Spring Market, By Application, 2018-2026 (USD Million)
      3. By Material
        
        Rest Of APAC Automotive Leaf Spring Market, By Material, 2018-2026 (USD Million)
Central & South America
1. Central & South America Automotive Leaf Spring Market, Regional Analysis, 2018-2026 (USD Million)
  1. By Vehicle Type
    1. Central & South America Automotive Leaf Spring Market, By Vehicle Type, 2018-2026 (USD Million)
  2. By Application
    1. Central & South America Automotive Leaf Spring Market, By Application, 2018-2026 (USD Million)
  3. By Material
    1. Central & South America Automotive Leaf Spring Market, By Material, 2018-2026 (USD Million)
  4. By Country
    1. Brazil
      1. By Vehicle Type
        
        Brazil Automotive Leaf Spring Market, By Vehicle Type, 2018-2026 (USD Million)
      2. By Application
        
        Brazil Automotive Leaf Spring Market, By Application, 2018-2026 (USD Million)
      3. By Material
        
        Brazil Automotive Leaf Spring Market, By Material, 2018-2026 (USD Million)
Middle East & Africa
1. Middle East & Africa Automotive Leaf Spring Market, Regional Analysis, 2018-2026 (USD Million)
  1. By Vehicle Type
    1. Middle East & Africa Automotive Leaf Spring Market, By Vehicle Type, 2018-2026 (USD Million)
  2. By Application
    1. Middle East & Africa Automotive Leaf Spring Market, By Application, 2018-2026 (USD Million)
  3. By Material
    1. Middle East & Africa Automotive Leaf Spring Market, By Material, 2018-2026 (USD Million)
  4. By Country
    1. Saudi Arabia
      1. By Vehicle Type
        
        Saudi Arabia Automotive Leaf Spring Market, By Vehicle Type, 2018-2026 (USD Million)
      2. By Application
        
        Saudi Arabia Automotive Leaf Spring Market, By Application, 2018-2026 (USD Million)
      3. By Material
        
        Saudi Arabia Automotive Leaf Spring Market, By Material, 2018-2026 (USD Million)
    2. UAE
      1. By Vehicle Type
        
        UAE Automotive Leaf Spring Market, By Vehicle Type, 2018-2026 (USD Million)
      2. By Application
        
        UAE Automotive Leaf Spring Market, By Application, 2018-2026 (USD Million)
      3. By Material
        
        UAE Automotive Leaf Spring Market, By Material, 2018-2026 (USD Million)

The global Automotive Leaf Spring Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Automotive Leaf Spring Market.

Automotive Leaf Spring Market

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Automotive Leaf Spring Market

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.

Automotive Leaf Spring Market