Global Automotive Coil Spring Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast 2024 to 2032

Description

List of Tables

The global demand for Automotive Coil Spring Market is presumed to reach the market size of nearly USD 21.05 Billion by 2032 from USD 13.58 Billion in 2023 with a CAGR of 4.99% under the study period 2024 - 2032.

An automotive coil spring is a mechanical component used in vehicle suspension systems to absorb shocks, support the vehicle's weight, and maintain ride height. These helical-shaped springs, typically made from hardened steel, are designed to compress & expand under load, providing elasticity and cushioning to the vehicle's ride. They are crucial in ensuring automobile comfort, stability, and handling characteristics.

MARKET DYNAMICS

The increasing production and sales of passenger, commercial, and off-highway vehicles worldwide have led to growing demand for automotive suspension systems, including coil springs, which are critical in supporting vehicle weight, absorbing road shocks, and maintaining ride comfort and stability. This fundamental requirement for coil springs in vehicle suspension systems drives market adoption among automotive manufacturers and aftermarket suppliers. Additionally, advancements in materials science, manufacturing processes, and design optimization techniques have led to developing lightweight, durable, and high-performance coil springs that offer improved fatigue resistance, corrosion resistance, and fatigue life, driving market innovation and differentiation. Moreover, the growing trend towards vehicle electrification, autonomous driving, and advanced driver-assistance systems (ADAS) has spurred demand for coil springs that can accommodate the unique requirements of electric vehicles, hybrid vehicles, and vehicles equipped with advanced suspension technologies such as active damping and adaptive air suspension, further driving market expansion. Furthermore, the increasing focus on vehicle safety, ride quality, and fuel efficiency has prompted automotive OEMs to invest in advanced suspension systems and chassis technologies, including coil springs, to enhance vehicle dynamics, handling, and comfort, driving market growth.

Additionally, the effect of the COVID-19 pandemic on global supply chains, production schedules, and consumer demand has emphasized the significance of resilient and flexible automotive supply chains, driving market demand for automotive coil springs as essential components of vehicle suspension systems. Furthermore, the growing aftermarket demand for replacement coil springs, driven by vehicle maintenance and repair activities, fleet maintenance operations, and DIY enthusiasts, is expected to further drive market growth and aftermarket penetration in the automotive coil spring market. However, vehicle design changes, suspension system advancements, and competition from alternative automotive components may challenge the automotive coil spring market growth in the coming years.

The report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of automotive coil spring. The growth and trends of Automotive Coil Spring Industry provide a holistic approach to this study.

MARKET SEGMENTATION

This section of the automotive coil spring market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.

By OEM

Commercial Vehicle
Passenger Vehicle (Mini-Compact, Super-Mini, Compact, Mid-Size, Executive, Luxury, Multi-Purpose Vehicle (Mpv), Suvs. Sport Cars)

By Aftermarket

Commercial Vehicle
Passenger Vehicle (Mini-Compact, Super-Mini, Compact, Mid-Size, Executive, Luxury, Multi-Purpose Vehicle (Mpv), Suvs. Sport Cars)

REGIONAL ANALYSIS

This section covers the regional outlook, which accentuates current and future demand for the Automotive Coil Spring market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.

The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the automotive coil spring market include Ace Wire Spring & Form Company, Betts Company, Clifford Springs, Draco Spring Mfg. Co., Hendrickson USA, L.L.C., Jamna Auto Industries Limited, Kilen Springs, Emco Electronics, Lesjofors Automotive, Sogefi SpA, Aniceto Gomez SA, Olgun Celik, Rassini, Soni Auto & Allied Industries Ltd., Suspension Spring Specialists. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.

In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.

Product Code: VMR112114142

1 . PREFACE

1.1. Report Description
- 1.1.1. Objective
- 1.1.2. Target Audience
- 1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
- 1.3.1. Market Research Process
- 1.3.2. Market Research Methodology

2 . EXECUTIVE SUMMARY

2.1. Highlights of Market
2.2. Global Market Snapshot

3 . AUTOMOTIVE COIL SPRING - INDUSTRY ANALYSIS

3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter's Five Force Analysis
3.7. Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By OEM
- 3.7.2 Market Attractiveness Analysis By Aftermarket
- 3.7.3 Market Attractiveness Analysis By Region

4 . VALUE CHAIN ANALYSIS

4.1. Value Chain Analysis
4.2. Raw Material Analysis
- 4.2.1. List of Raw Materials
- 4.2.2. Raw Material Manufactures List
- 4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
- 4.4.1. Direct Marketing
- 4.4.2. Indirect Marketing
- 4.4.3. Marketing Channel Development Trend

5 . GLOBAL AUTOMOTIVE COIL SPRING MARKET ANALYSIS BY OEM

5.1 Overview by OEM
5.2 Historical and Forecast Data
5.3 Analysis by OEM
5.4 Commercial Vehicle Historic and Forecast Sales by Regions
5.5 Passenger Vehicle (Mini-compact, Super-mini, Compact, Mid-size, Executive, Luxury, Multi-purpose Vehicle (MPV), SUVs. Sport Cars) Historic and Forecast Sales by Regions

6 . GLOBAL AUTOMOTIVE COIL SPRING MARKET ANALYSIS BY AFTERMARKET

6.1 Overview by Aftermarket
6.2 Historical and Forecast Data
6.3 Analysis by Aftermarket
6.4 Commercial Vehicle Historic and Forecast Sales by Regions
6.5 Passenger Vehicle (Mini-compact, Super-mini, Compact, Mid-size, Executive, Luxury, Multi-purpose Vehicle (MPV), SUVs. Sport Cars) Historic and Forecast Sales by Regions

7 . GLOBAL AUTOMOTIVE COIL SPRING MARKET ANALYSIS BY GEOGRAPHY

7.1. Regional Outlook
7.2. Introduction
7.3. North America Sales Analysis
- 7.3.1. Overview, Historic and Forecast Data Sales Analysis
- 7.3.2. North America By Segment Sales Analysis
- 7.3.3. North America By Country Sales Analysis
- 7.3.4. United State Sales Analysis
- 7.3.5. Canada Sales Analysis
- 7.3.6. Mexico Sales Analysis
7.4. Europe Sales Analysis
- 7.4.1. Overview, Historic and Forecast Data Sales Analysis
- 7.4.2. Europe by Segment Sales Analysis
- 7.4.3. Europe by Country Sales Analysis
- 7.4.4. United Kingdom Sales Analysis
- 7.4.5. France Sales Analysis
- 7.4.6. Germany Sales Analysis
- 7.4.7. Italy Sales Analysis
- 7.4.8. Russia Sales Analysis
- 7.4.9. Rest Of Europe Sales Analysis
7.5. Asia Pacific Sales Analysis
- 7.5.1. Overview, Historic and Forecast Data Sales Analysis
- 7.5.2. Asia Pacific by Segment Sales Analysis
- 7.5.3. Asia Pacific by Country Sales Analysis
- 7.5.4. China Sales Analysis
- 7.5.5. India Sales Analysis
- 7.5.6. Japan Sales Analysis
- 7.5.7. South Korea Sales Analysis
- 7.5.8. Australia Sales Analysis
- 7.5.9. South East Asia Sales Analysis
- 7.5.10. Rest Of Asia Pacific Sales Analysis
7.6. Latin America Sales Analysis
- 7.6.1. Overview, Historic and Forecast Data Sales Analysis
- 7.6.2. Latin America by Segment Sales Analysis
- 7.6.3. Latin America by Country Sales Analysis
- 7.6.4. Brazil Sales Analysis
- 7.6.5. Argentina Sales Analysis
- 7.6.6. Peru Sales Analysis
- 7.6.7. Chile Sales Analysis
- 7.6.8. Rest of Latin America Sales Analysis
7.7. Middle East & Africa Sales Analysis
- 7.7.1. Overview, Historic and Forecast Data Sales Analysis
- 7.7.2. Middle East & Africa by Segment Sales Analysis
- 7.7.3. Middle East & Africa by Country Sales Analysis
- 7.7.4. Saudi Arabia Sales Analysis
- 7.7.5. UAE Sales Analysis
- 7.7.6. Israel Sales Analysis
- 7.7.7. South Africa Sales Analysis
- 7.7.8. Rest Of Middle East And Africa Sales Analysis

8 . COMPETITIVE LANDSCAPE OF THE AUTOMOTIVE COIL SPRING COMPANIES

8.1. Automotive Coil Spring Market Competition
8.2. Partnership/Collaboration/Agreement
8.3. Merger And Acquisitions
8.4. New Product Launch
8.5. Other Developments

9 . COMPANY PROFILES OF AUTOMOTIVE COIL SPRING INDUSTRY

9.1. Top Companies Market Share Analysis
9.2. Market Concentration Rate
9.3. Ace Wire Spring & Form Company
- 9.3.1. Company Overview
- 9.3.2. Company Revenue
- 9.3.3. Products
- 9.3.4. Recent Developments
9.4. Betts Company
- 9.4.1. Company Overview
- 9.4.2. Company Revenue
- 9.4.3. Products
- 9.4.4. Recent Developments
9.5. Clifford Springs
- 9.5.1. Company Overview
- 9.5.2. Company Revenue
- 9.5.3. Products
- 9.5.4. Recent Developments
9.6. Draco Spring Mfg. Co.
- 9.6.1. Company Overview
- 9.6.2. Company Revenue
- 9.6.3. Products
- 9.6.4. Recent Developments
9.7. Hendrickson USA L.L.C.
- 9.7.1. Company Overview
- 9.7.2. Company Revenue
- 9.7.3. Products
- 9.7.4. Recent Developments
9.8. Jamna Auto Industries Limited
- 9.8.1. Company Overview
- 9.8.2. Company Revenue
- 9.8.3. Products
- 9.8.4. Recent Developments
9.9. Kilen Springs
- 9.9.1. Company Overview
- 9.9.2. Company Revenue
- 9.9.3. Products
- 9.9.4. Recent Developments
9.10. Emco Electronics
- 9.10.1. Company Overview
- 9.10.2. Company Revenue
- 9.10.3. Products
- 9.10.4. Recent Developments
9.11. Lesjofors Automotive
- 9.11.1. Company Overview
- 9.11.2. Company Revenue
- 9.11.3. Products
- 9.11.4. Recent Developments
9.12. Sogefi SpA
- 9.12.1. Company Overview
- 9.12.2. Company Revenue
- 9.12.3. Products
- 9.12.4. Recent Developments
9.13. Aniceto Gomez SA
- 9.13.1. Company Overview
- 9.13.2. Company Revenue
- 9.13.3. Products
- 9.13.4. Recent Developments
9.14. Olgun Celik
- 9.14.1. Company Overview
- 9.14.2. Company Revenue
- 9.14.3. Products
- 9.14.4. Recent Developments
9.15. Rassini
- 9.15.1. Company Overview
- 9.15.2. Company Revenue
- 9.15.3. Products
- 9.15.4. Recent Developments
9.16. Soni Auto & Allied Industries Ltd.
- 9.16.1. Company Overview
- 9.16.2. Company Revenue
- 9.16.3. Products
- 9.16.4. Recent Developments
9.17. Suspension Spring Specialists
- 9.17.1. Company Overview
- 9.17.2. Company Revenue
- 9.17.3. Products
- 9.17.4. Recent Developments

Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies