9:42 AM Automotive Composite Leaf Springs Market Size to reach US$ 86.6 million by 2023 |
| Automotive Composite Leaf Springs Market is forecasted to grow at an attractive rate over the next five years to reach US$ 86.6 million in 2023., according to a newly added report by Stratview Research. Increasing automobile production, an increasing demand for lightweight leaf springs to achieve stringent government regulations of many countries, such as CAFE 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.
The report offers detailed insights in relevant market segments, their growth rates, latest market trends, forecasts, and other important details. The market has been segmented in five ways and the report has more than 150 figures and tables providing the most comprehensive information about the market segments and their growth prospects for the forecast period of 2018-2023.
Request a sample of the report here As per the report, among different vehicle types, Light commercial vehicle (LCV) is the expected to remain the growth engine of the global automotive composite leaf springs market during the forecast period. Pick-up, 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. All the major OEMs are evaluating the use of the composite leaf springs in their major Pick-up, VAN, and SUV models. The passenger car is likely to witness the highest growth during the same period, driven by an increasing penetration of composite leaf springs. There are two types of installations of composite leaf springs on an automobile: Transversal and Longitudinal. Transversal is the most common installation type for composite leaf springs in the automotive industry. Currently, all the major auto models using composite leaf springs, such as Chevrolet Corvette, are using it on transversal-mounted position. Currently, there is a very limited usage of composite leaf springs on the longitudinal position. In terms of manufacturing process type, the market is segmented into Compression Molding, High-Pressure Resin Transfer Molding (HP-RTM), Press Molding, and Others. HP-RTM is likely to be the most dominant process in the market during the forecast period. The process type is also likely to witness the highest growth during the same period as well. The process type offers several advantages including a short part cycle time and has been gaining the traction not only in composite leaf springs but also in other structural parts of automobile including passenger cell. View the Table of Contents here Asia-Pacific is expected to remain the largest market for occupant classification systems in the coming five years, according to the analyst. North America and Europe are also expected to offer substantial growth opportunities during the forecast period. Read the Full Report Description here The report further mentions about the key manufacturing players Liteflex LLC, IFC Composite, and Benteler-SGL.who are emerging fast and their roles in the growing market. It also portraits the important mergers, acquisitions, and other current happenings in the automotive composite leaf springs market that can be helpful for the interested clients in analysing the market and taking right decisions accordingly. Salient Features of the Report The report on automotive composite leaf springs market is a well-researched work after analysing of various data from different reliable sources. The report included some of the salient features such as:
About Stratview Research: Stratview Research is a global research company offering custom research and marker research reports for interested client in different sectors such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Healthcare & Life Sciences, and Oil & Gas. All the reports generated are based on proper data collected from reliable sources and are scrutinized carefully before releasing so that the interested clients and companies can make the most out of it. For inquiries, Contact: Ritesh Gandecha Stratview Research E-mail: sales@stratviewresearch.com Direct: +1-313-307-4176 |
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