Automotive Composite Leaf Springs Market to reach US$ 86.6 million in 2023
Automotive Composite Leaf Springs Market report is a 140-page study offering actionable insights into the global market opportunities, trends, forecasts, and competitive analysis.
(EMAILWIRE.COM, December 25, 2018 )
Stratview Research has published a new research report on Automotive Composite Leaf Springs Market. This extensive 140-page report by Stratview Research analyses the growth of Automotive Composite Leaf Springs Market over the trend period of 2012 to 2017 and forecast period of 2018 to 2023 under the following segments -
• By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium- and Heavy-Duty Commercial Vehicle)
• By Installation Type (Transversal, Longitudinal)
• By Manufacturing Process (Compression Molding Process, Prepreg Layup Process, Other Processes)
• By Location (Front Leaf Spring, Rear Leaf Spring)-
• By Region (North America, Europe, Asia-Pacific, Rest of the World)
Go through the detailed scope: https://www.stratviewresearch.com/toc/181/automotive-composite-leaf-springs-market.html
Or
Get a free sample of the report:https://www.stratviewresearch.com/Request-Sample/181/automotive-composite-leaf-springs-market.html
Demand of composites in automotive industry for leaf springs
The global automotive composite leaf spring is a niche market and currently represents less than 1% of the total automotive leaf springs (metals + composites) market. It is likely to remain niche in the foreseeable future but possesses significant growth potential in the coming years. It is forecasted to grow at an attractive rate over the next five years to reach US$ 86.6 million in 2023. Increasing automobile production, an increasing demand for lightweight leaf springs to achieve stringent government regulations of many countries, such as CAFÉ Standards, and the market entry of new players targeting local markets are the major factors that are proliferating the growth of the composite leaf springs market in the automotive industry.
Composite leaf springs are not new to the automotive industry. Chevrolet Corvette has been using composite leaf springs on both front and rear locations at the transversal position since 1981. Composite leaf springs offer several benefits over steel leaf springs, such as high durability, greater flexibility, better vibration energy absorption, and fatigue resistance.
Key players
The supply chain of this market comprises raw material suppliers, composite leaf spring manufacturers, Automotive OEMs, distributors, and Dealers. The key automotive OEMs are Daimler, GM, Volvo, Fiat, Iveco, Peterbilt, Navistar, and Mahindra & Mahindra. The global automotive composite leaf spring is a highly consolidated market. The key 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 key 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.
Stratview Research has published a new research report on Automotive Composite Leaf Springs Market. This extensive 140-page report by Stratview Research analyses the growth of Automotive Composite Leaf Springs Market over the trend period of 2012 to 2017 and forecast period of 2018 to 2023 under the following segments -
• By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium- and Heavy-Duty Commercial Vehicle)
• By Installation Type (Transversal, Longitudinal)
• By Manufacturing Process (Compression Molding Process, Prepreg Layup Process, Other Processes)
• By Location (Front Leaf Spring, Rear Leaf Spring)-
• By Region (North America, Europe, Asia-Pacific, Rest of the World)
Go through the detailed scope: https://www.stratviewresearch.com/toc/181/automotive-composite-leaf-springs-market.html
Or
Get a free sample of the report:https://www.stratviewresearch.com/Request-Sample/181/automotive-composite-leaf-springs-market.html
Demand of composites in automotive industry for leaf springs
The global automotive composite leaf spring is a niche market and currently represents less than 1% of the total automotive leaf springs (metals + composites) market. It is likely to remain niche in the foreseeable future but possesses significant growth potential in the coming years. It is forecasted to grow at an attractive rate over the next five years to reach US$ 86.6 million in 2023. Increasing automobile production, an increasing demand for lightweight leaf springs to achieve stringent government regulations of many countries, such as CAFÉ Standards, and the market entry of new players targeting local markets are the major factors that are proliferating the growth of the composite leaf springs market in the automotive industry.
Composite leaf springs are not new to the automotive industry. Chevrolet Corvette has been using composite leaf springs on both front and rear locations at the transversal position since 1981. Composite leaf springs offer several benefits over steel leaf springs, such as high durability, greater flexibility, better vibration energy absorption, and fatigue resistance.
Key players
The supply chain of this market comprises raw material suppliers, composite leaf spring manufacturers, Automotive OEMs, distributors, and Dealers. The key automotive OEMs are Daimler, GM, Volvo, Fiat, Iveco, Peterbilt, Navistar, and Mahindra & Mahindra. The global automotive composite leaf spring is a highly consolidated market. The key 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 key 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