Automotive Leaf Spring Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024

Description

Key Highlights

The automotive leaf spring market was valued at USD 5,992.1 million in 2023, and it will rise to USD 8,252.1 million, powering at a 4.8% compound annual growth rate, by 2030.

The growth of this industry is because of the increasing requirement for commercial vehicles, coupled with the rising need for comfort while traveling or driving in them. The development of the e-commerce industry globally is likely to boost the need for light commercial automobiles, which would, in sequence, drive the demand for leaf springs worldwide.

Various e-commerce websites as well as postal services utilize heavy-duty automobiles, which impacts the automotive leaf spring industry directly. Robust and reliable vehicles that are lightweight are required for logistics applications. Leaf springs are suitable for delivery trucks and vans due to their large capacity and strong construction.

Because of the strict emission rules, fuel efficiency is the major emphasis for vehicle manufacturers as customers demand greener as well as more fuel-efficient automobiles.

They are in continuous demand due to the increasing acceptance of pickup trucks and SUVs, which are known for their towing and off-road capacities. The improvements in technologies are making them more rugged, cost-effective, and lighter than other vehicles.

Market Analysis

The metal category led the industry in 2023, with approximately 70% share. Because of their great strength, metals can withstand the loads and strains that automobiles-particularly trucks and SUVs-place on their leaf springs. Thus, they are ideal for applications that need strength and durability.

The parabolic category accounted for the largest share in 2023, of 40%, primarily because its curved figure evenly distributes the weight. This leads to more comfortable as well as smoother rides.

Because of the strict fuel economy rules, the weight reduction ability of the parabolic type makes it ideal for automotive manufacturers.

The commercial vehicles category was the largest contributor to the industry in 2023, with approximately 75% share, because of the high demand for durability and ruggedness in them.

For commercial vehicles, their overall price is the main reduction that leaf springs provide, while delivering greater durability and strength with improved fuel efficiency.

The original equipment manufacturers (OEMs) category led the industry in 2023, with approximately 80% share. This is because automobile manufacturers generally purchase leaf springs and various other components in bulk.

Due to their ability to negotiate large discounts with leaf spring providers, their costs per unit are lower compared to those of aftermarket sellers.

APAC accounted for the largest share in the industry in 2023, of approximately 50%. Moreover, the regional industry will also advance at the fastest rate, of 5.3%, in the years to come. This is because of the surging adoption of commercial vehicles by e-commerce firms and the large volume of vehicles manufactured in the region.

Since vehicles comprising leaf springs are manufactured cheaply, this price-sensitive region outperforms other regions.

The industry is competitive because of greater off-road capacity, strict government guidelines, and various applications of leaf springs. Players normally perform better in price-sensitive regions, which expands the possibility of technological advancements in this industry.

Product Code: 12934

Chapter 1. Research Scope

1.1. Research Objectives
1.2. Market Definition
1.3. Analysis Period
1.4. Market Size Breakdown by Segments
- 1.4.1. Market size breakdown, by material
- 1.4.2. Market size breakdown, by type
- 1.4.3. Market size breakdown, by vehicle type
- 1.4.4. Market size breakdown, by sales channel
- 1.4.5. Market size breakdown, by location type
- 1.4.6. Market size breakdown, by installation type
- 1.4.7. Market size breakdown, by region
- 1.4.8. Market size breakdown, by country
1.5. Market Data Reporting Unit
- 1.5.1. Value
1.6. Key Stakeholders

Chapter 2. Research Methodology

2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence database
2.2. Primary Research
2.3. Market Size Estimation
2.4. Data Triangulation
2.5. Currency Conversion Rates
2.6. Assumptions for the Study
2.7. Notes and Caveats

Chapter 3. Executive Summary

Chapter 4. Market Indicators

Chapter 5. Industry Outlook

5.1. Market Dynamics
- 5.1.1. Trends
- 5.1.2. Drivers
- 5.1.3. Restraints/challenges
- 5.1.4. Impact analysis of drivers/restraints
5.2. Impact of COVID-19
5.3. Porter's Five Forces Analysis
- 5.3.1. Bargaining power of buyers
- 5.3.2. Bargaining power of suppliers
- 5.3.3. Threat of new entrants
- 5.3.4. Intensity of rivalry
- 5.3.5. Threat of substitutes

Chapter 6. Global Market

6.1. Overview
6.2. Market Revenue, by Material (2017-2030)
6.3. Market Revenue, by Type (2017-2030)
6.4. Market Revenue, by Vehicle Type (2017-2030)
6.5. Market Revenue, by Sales Channel (2017-2030)
6.6. Market Revenue, by Location Type (2017-2030)
6.7. Market Revenue, by Installation Type (2017-2030)
6.8. Market Revenue, by Region (2017-2030)

Chapter 7. North America Market

7.1. Overview
7.2. Market Revenue, by Material (2017-2030)
7.3. Market Revenue, by Type (2017-2030)
7.4. Market Revenue, by Vehicle Type (2017-2030)
7.5. Market Revenue, by Sales Channel (2017-2030)
7.6. Market Revenue, by Location Type (2017-2030)
7.7. Market Revenue, by Installation Type (2017-2030)
7.8. Market Revenue, by Country (2017-2030)

Chapter 8. Europe Market

8.1. Overview
8.2. Market Revenue, by Material (2017-2030)
8.3. Market Revenue, by Type (2017-2030)
8.4. Market Revenue, by Vehicle Type (2017-2030)
8.5. Market Revenue, by Sales Channel (2017-2030)
8.6. Market Revenue, by Location Type (2017-2030)
8.7. Market Revenue, by Installation Type (2017-2030)
8.8. Market Revenue, by Country (2017-2030)

Chapter 9. APAC Market

9.1. Overview
9.2. Market Revenue, by Material (2017-2030)
9.3. Market Revenue, by Type (2017-2030)
9.4. Market Revenue, by Vehicle Type (2017-2030)
9.5. Market Revenue, by Sales Channel (2017-2030)
9.6. Market Revenue, by Location Type (2017-2030)
9.7. Market Revenue, by Installation Type (2017-2030)
9.8. Market Revenue, by Country (2017-2030)

Chapter 10. LATAM Market

10.1. Overview
10.2. Market Revenue, by Material (2017-2030)
10.3. Market Revenue, by Type (2017-2030)
10.4. Market Revenue, by Vehicle Type (2017-2030)
10.5. Market Revenue, by Sales Channel (2017-2030)
10.6. Market Revenue, by Location Type (2017-2030)
10.7. Market Revenue, by Installation Type (2017-2030)
10.8. Market Revenue, by Country (2017-2030)

Chapter 11. MEA Market

11.1. Overview
11.2. Market Revenue, by Material (2017-2030)
11.3. Market Revenue, by Type (2017-2030)
11.4. Market Revenue, by Vehicle Type (2017-2030)
11.5. Market Revenue, by Sales Channel (2017-2030)
11.6. Market Revenue, by Location Type (2017-2030)
11.7. Market Revenue, by Installation Type (2017-2030)
11.8. Market Revenue, by Country (2017-2030)

Chapter 12. U.S. Market

12.1. Overview
12.2. Market Revenue, by Material (2017-2030)
12.3. Market Revenue, by Type (2017-2030)
12.4. Market Revenue, by Vehicle Type (2017-2030)
12.5. Market Revenue, by Sales Channel (2017-2030)
12.6. Market Revenue, by Location Type (2017-2030)
12.7. Market Revenue, by Installation Type (2017-2030)

Chapter 13. Canada Market

13.1. Overview
13.2. Market Revenue, by Material (2017-2030)
13.3. Market Revenue, by Type (2017-2030)
13.4. Market Revenue, by Vehicle Type (2017-2030)
13.5. Market Revenue, by Sales Channel (2017-2030)
13.6. Market Revenue, by Location Type (2017-2030)
13.7. Market Revenue, by Installation Type (2017-2030)

Chapter 14. Germany Market

14.1. Overview
14.2. Market Revenue, by Material (2017-2030)
14.3. Market Revenue, by Type (2017-2030)
14.4. Market Revenue, by Vehicle Type (2017-2030)
14.5. Market Revenue, by Sales Channel (2017-2030)
14.6. Market Revenue, by Location Type (2017-2030)
14.7. Market Revenue, by Installation Type (2017-2030)

Chapter 15. France Market

15.1. Overview
15.2. Market Revenue, by Material (2017-2030)
15.3. Market Revenue, by Type (2017-2030)
15.4. Market Revenue, by Vehicle Type (2017-2030)
15.5. Market Revenue, by Sales Channel (2017-2030)
15.6. Market Revenue, by Location Type (2017-2030)
15.7. Market Revenue, by Installation Type (2017-2030)

Chapter 16. U.K. Market

16.1. Overview
16.2. Market Revenue, by Material (2017-2030)
16.3. Market Revenue, by Type (2017-2030)
16.4. Market Revenue, by Vehicle Type (2017-2030)
16.5. Market Revenue, by Sales Channel (2017-2030)
16.6. Market Revenue, by Location Type (2017-2030)
16.7. Market Revenue, by Installation Type (2017-2030)

Chapter 17. Italy Market

17.1. Overview
17.2. Market Revenue, by Material (2017-2030)
17.3. Market Revenue, by Type (2017-2030)
17.4. Market Revenue, by Vehicle Type (2017-2030)
17.5. Market Revenue, by Sales Channel (2017-2030)
17.6. Market Revenue, by Location Type (2017-2030)
17.7. Market Revenue, by Installation Type (2017-2030)

Chapter 18. Spain Market

18.1. Overview
18.2. Market Revenue, by Material (2017-2030)
18.3. Market Revenue, by Type (2017-2030)
18.4. Market Revenue, by Vehicle Type (2017-2030)
18.5. Market Revenue, by Sales Channel (2017-2030)
18.6. Market Revenue, by Location Type (2017-2030)
18.7. Market Revenue, by Installation Type (2017-2030)

Chapter 19. Japan Market

19.1. Overview
19.2. Market Revenue, by Material (2017-2030)
19.3. Market Revenue, by Type (2017-2030)
19.4. Market Revenue, by Vehicle Type (2017-2030)
19.5. Market Revenue, by Sales Channel (2017-2030)
19.6. Market Revenue, by Location Type (2017-2030)
19.7. Market Revenue, by Installation Type (2017-2030)

Chapter 20. China Market

20.1. Overview
20.2. Market Revenue, by Material (2017-2030)
20.3. Market Revenue, by Type (2017-2030)
20.4. Market Revenue, by Vehicle Type (2017-2030)
20.5. Market Revenue, by Sales Channel (2017-2030)
20.6. Market Revenue, by Location Type (2017-2030)
20.7. Market Revenue, by Installation Type (2017-2030)

Chapter 21. India Market

21.1. Overview
21.2. Market Revenue, by Material (2017-2030)
21.3. Market Revenue, by Type (2017-2030)
21.4. Market Revenue, by Vehicle Type (2017-2030)
21.5. Market Revenue, by Sales Channel (2017-2030)
21.6. Market Revenue, by Location Type (2017-2030)
21.7. Market Revenue, by Installation Type (2017-2030)

Chapter 22. Australia Market

22.1. Overview
22.2. Market Revenue, by Material (2017-2030)
22.3. Market Revenue, by Type (2017-2030)
22.4. Market Revenue, by Vehicle Type (2017-2030)
22.5. Market Revenue, by Sales Channel (2017-2030)
22.6. Market Revenue, by Location Type (2017-2030)
22.7. Market Revenue, by Installation Type (2017-2030)

Chapter 23. South Korea Market

23.1. Overview
23.2. Market Revenue, by Material (2017-2030)
23.3. Market Revenue, by Type (2017-2030)
23.4. Market Revenue, by Vehicle Type (2017-2030)
23.5. Market Revenue, by Sales Channel (2017-2030)
23.6. Market Revenue, by Location Type (2017-2030)
23.7. Market Revenue, by Installation Type (2017-2030)

Chapter 24. Brazil Market

24.1. Overview
24.2. Market Revenue, by Material (2017-2030)
24.3. Market Revenue, by Type (2017-2030)
24.4. Market Revenue, by Vehicle Type (2017-2030)
24.5. Market Revenue, by Sales Channel (2017-2030)
24.6. Market Revenue, by Location Type (2017-2030)
24.7. Market Revenue, by Installation Type (2017-2030)

Chapter 25. Mexico Market

25.1. Overview
25.2. Market Revenue, by Material (2017-2030)
25.3. Market Revenue, by Type (2017-2030)
25.4. Market Revenue, by Vehicle Type (2017-2030)
25.5. Market Revenue, by Sales Channel (2017-2030)
25.6. Market Revenue, by Location Type (2017-2030)
25.7. Market Revenue, by Installation Type (2017-2030)

Chapter 26. Saudi Arabia Market

26.1. Overview
26.2. Market Revenue, by Material (2017-2030)
26.3. Market Revenue, by Type (2017-2030)
26.4. Market Revenue, by Vehicle Type (2017-2030)
26.5. Market Revenue, by Sales Channel (2017-2030)
26.6. Market Revenue, by Location Type (2017-2030)
26.7. Market Revenue, by Installation Type (2017-2030)

Chapter 27. South Africa Market

27.1. Overview
27.2. Market Revenue, by Material (2017-2030)
27.3. Market Revenue, by Type (2017-2030)
27.4. Market Revenue, by Vehicle Type (2017-2030)
27.5. Market Revenue, by Sales Channel (2017-2030)
27.6. Market Revenue, by Location Type (2017-2030)
27.7. Market Revenue, by Installation Type (2017-2030)

Chapter 28. U.A.E. Market

28.1. Overview
28.2. Market Revenue, by Material (2017-2030)
28.3. Market Revenue, by Type (2017-2030)
28.4. Market Revenue, by Vehicle Type (2017-2030)
28.5. Market Revenue, by Sales Channel (2017-2030)
28.6. Market Revenue, by Location Type (2017-2030)
28.7. Market Revenue, by Installation Type (2017-2030)

Chapter 29. Competitive Landscape

29.1. List of Market Players and their Offerings
29.2. Competitive Benchmarking of Key Players
29.3. Product Benchmarking of Key Players
29.4. Recent Strategic Developments

Chapter 30. Company Profiles

30.1. Hendrickson USA L.L.C.
- 30.1.1. Business overview
- 30.1.2. Product and service offerings
- 30.1.3. Key financial summary
30.2. Rassini
- 30.2.1. Business overview
- 30.2.2. Product and service offerings
- 30.2.3. Key financial summary
30.3. Jamna Auto Industries Ltd
- 30.3.1. Business overview
- 30.3.2. Product and service offerings
- 30.3.3. Key financial summary
30.4. Sogefi SpA
- 30.4.1. Business overview
- 30.4.2. Product and service offerings
- 30.4.3. Key financial summary
30.5. Emco Industries
- 30.5.1. Business overview
- 30.5.2. Product and service offerings
- 30.5.3. Key financial summary
30.6. SGL Group SE
- 30.6.1. Business overview
- 30.6.2. Product and service offerings
- 30.6.3. Key financial summary
30.7. Frauenthal Group
- 30.7.1. Business overview
- 30.7.2. Product and service offerings
- 30.7.3. Key financial summary
30.8. Olgun Celik San Tic. A.S.
- 30.8.1. Business overview
- 30.8.2. Product and service offerings
- 30.8.3. Key financial summary
30.9. Jonas Woodhead & Sons India Ltd.
- 30.9.1. Business overview
- 30.9.2. Product and service offerings
- 30.9.3. Key financial summary
30.10. Protopower Springs Pvt. Ltd.
- 30.10.1. Business overview
- 30.10.2. Product and service offerings
- 30.10.3. Key financial summary
30.11. Vikrant Auto Suspensions
- 30.11.1. Business overview
- 30.11.2. Product and service offerings
- 30.11.3. Key financial summary

Chapter 31. Appendix

31.1. Abbreviations
31.2. Sources and References
31.3. Related Reports

Automotive Leaf Spring Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024 - 2030)