Automotive Composite Leaf Springs Market
Report code - SRTI126 | Published On : Sep,2017 | Status: Published | No. of Pages: 242

Global Automotive Composite Leaf Springs Market by Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium- & Heavy-Duty Vehicle, and Others), by Installation Type  (Transversal and Longitudinal), by Location Type (Front and Rear), by Manufacturing Process Type (Compression Molding, High-Pressure Resin Transfer Molding, and Prepreg Layup), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2017-2022

This report, from Stratview Research, studies the global composite leaf springs market in the automotive industry over the period 2017 to 2022. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The Global Composite Leaf Springs Market in the Automotive Industry: Highlights

The global automotive composite leaf spring market is a niche market but possesses significant growth potential in the coming years. It is forecasted to grow at an attractive CAGR of 10.0% over the next five years to reach US$ 72.3 million in 2022. Increasing automobile production and increasing demand for lightweight leaf springs to achieve stringent government regulations of many countries such as CAFÉ Standards are the major growth drivers of the composite leaf springs market in the automotive industry.

Automotive Composite Leaf Springs Market Classification

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. Composite leaf spring is about five times more durable than similarly-sized steel leaf springs. The biggest advantage of composite leaf spring is its significant weight saving. It is about 1/7th the weight of a steel leaf spring.

deepak.agrawal@stratviewresearch.com

The global automotive composite leaf springs market is segmented on the basis of vehicle type as Passenger Car, Light Commercial Vehicle, Medium- & Heavy-Duty Commercial Vehicle, and Others. Light commercial vehicle (LCV) is the expected to remain the growth engine of the global 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.

Porter's Five Forces Analysis of the Automotive Composite Leaf Springs Market

There are two types of installations of composite leaf springs in 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 spring, such as Chevrolet Corvette, are using it on transversal position. Currently, there is very limited use of composite leaf springs on the longitudinal position. 

Compression molding is expected to remain the most dominant manufacturing process in the global automotive composite leaf springs market during the forecast period. High Pressure-Resin Transfer Molding (HP-RTM) is likely to experience the highest growth during the same period, driven by the shorter parts cycle time.

Europe is expected to remain the largest market for composite leaf springs in the automotive industry over the next five years, driven by increasing usage of composite leaf springs in the light commercial vehicles and passenger cars. Asia-Pacific is a relatively small composite leaf springs market but is expected to experience the highest growth during the same period.

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.

                         

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 300 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. More than 8 detailed primary interviews with the market players across the value chain in the all four regions and industry experts have been executed to obtain both the qualitative and quantitative insights.

 

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

  • Market structure: Overview, industry life cycle analysis, supply chain analysis
  • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
  • Market trend and forecast analysis
  • Market segment trend and forecast
  • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
  • Attractive market segments and associated growth opportunities
  • Emerging trends
  • Strategic growth opportunities for the existing and new players
  • Key success factors

 

The composite leaf spring market in the automotive industry is segmented into the following categories. 

Global Composite Leaf Spring Market in the Automotive Industry by Vehicle Type:

  • Passenger Car (Regional Analysis: NA, Europe, Asia-Pacific, and RoW)
  • Light Commercial Vehicles (Regional Analysis: NA, Europe, Asia-Pacific, and RoW)
  • Medium- & Heavy-Duty Vehicles (Regional Analysis: NA, Europe, Asia-Pacific, and RoW)
  • Others (Regional Analysis: NA, Europe, Asia-Pacific, and RoW)

Global Composite Leaf Spring Market in the Automotive Industry by Installation Type:

  • Transversal (Regional Analysis: NA, Europe, Asia-Pacific, and RoW)
  • Longitudinal (Regional Analysis: NA, Europe, Asia-Pacific, and RoW)

Global Composite Leaf Spring Market in the Automotive Industry by Manufacturing Process:

  • Compression Molding Process
  • Prepreg Layup Process
  • Other Processes

Global Composite Leaf Spring Market in the Automotive Industry by Location:

  • Front Leaf Spring (Regional Analysis: NA, Europe, Asia-Pacific, and RoW)
  • Rear Leaf Spring (Regional Analysis: NA, Europe, Asia-Pacific, and RoW)

Global Leaf Spring Market in the Automotive Industry by Region:

  • North America (Country Analysis: the USA and Others) 
  • Europe (Country Analysis: Germany, Sweden, Italy, Russia, and Rest of Europe)
  • Asia-Pacific (Country Analysis: China, South Korea, India, and Rest of Asia-Pacific)
  • Rest of the World (Country Analysis: Brazil and Others)

 

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

  • Detailed profiling of additional market players (up to 3 players)
  • SWOT analysis of key players (up to 3 players)

Regional Segmentation

  • Current market segmentation of any one of the countries by manufacturing process type

Competitive Benchmarking

  • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

 

Custom Research: Stratview research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.

 


List of Figures
List of Tables
Disclaimer
Copyright
Abbreviation
Currency Exchange
About Us
Report Scope
Report Objectives 
Research Methodology
Secondary Research
Key Information Gathered from Secondary Research
Primary Research
Key Information Gathered from Primary Research
Breakdown of Primary Interviews by Region, Designation, and Value Chain Node
Data Analysis and Triangulation


1.    Executive Summary  


2.    Automotive Composite Leaf Springs Market - Overview and Market Forces
2.1.          Introduction
2.2.          Market Classification
2.2.1.               By Vehicle Type
2.2.2.               By Installation Type
2.2.3.               By Location Type
2.2.4.               By Manufacturing Process Type
2.2.5.               By Region
2.3.          Market Drivers
2.4.          Market Constraints
2.5.          Supply Chain Analysis
2.6.          Industry Life Cycle Analysis
2.7.          PEST Analysis: Impact Assessment of Changing Business Environment
2.8.          Porter’s Five Forces Analysis
2.8.1.               Bargaining Power of Suppliers
2.8.2.               Bargaining Power of Customers
2.8.3.               Threat of New Entrants
2.8.4.               Threat of Substitutes
2.8.5.               Competitive Rivalry
2.9.          SWOT Analysis


3.    Global Automotive Composite Leaf Springs Market Analysis – By Vehicle Type 
3.1.          Strategic Insights 
3.2.          Passenger Car Composite Leaf Springs Market Trend and Forecast (US$ Million and Units)
3.2.1.               Regional Trend and Forecast (US$ Million)
3.2.2.               Regional Trend and Forecast (Units)
3.3.          LCV Composite Leaf Springs Market Trend and Forecast (US$ Million and Units)
3.3.1.               Regional Trend and Forecast (US$ Million)
3.3.2.               Regional Trend and Forecast (Units)
3.4.          M&HCV Composite Leaf Springs Market Trend and Forecast (US$ Million and Units)
3.4.1.               Regional Trend and Forecast (US$ Million)
3.4.2.               Regional Trend and Forecast (Units)
3.5.          Other Composite Leaf Springs Market Trend and Forecast (US$ Million and Units)
3.5.1.               Regional Trend and Forecast (US$ Million)
3.5.2.               Regional Trend and Forecast (Units)

4.    Global Automotive Composite Leaf Springs Market Analysis – By Installation Type 
4.1.          Strategic Insights 
4.2.          Transversal Composite Leaf Springs Market Trend and Forecast (US$ Million and Units)
4.2.1.               Regional Trend and Forecast (US$ Million)
4.2.2.               Regional Trend and Forecast (Units)
4.3.          Longitudinal Composite Leaf Springs Market Trend and Forecast (US$ Million and Units)
4.3.1.               Regional Trend and Forecast (US$ Million)
4.3.2.               Regional Trend and Forecast (Units)

5.    Global Automotive Composite Leaf Springs Market Analysis – By Location Type 
5.1.          Strategic Insights 
5.2.          Front Axle: Composite Leaf Springs Market Trend and Forecast (US$ Million and Units)
5.2.1.               Regional Trend and Forecast (US$ Million)
5.2.2.               Regional Trend and Forecast (Units)
5.3.          Rear Axle: Composite Leaf Springs Market Trend and Forecast (US$ Million and Units)
5.3.1.               Regional Trend and Forecast (US$ Million)
5.3.2.               Regional Trend and Forecast (Units)


6.    Global Automotive Composite Leaf Springs Market Analysis – By Manufacturing Process Type 
6.1.          Strategic Insights 
6.2.          Compression Molding: Composite Leaf Springs Market Trend and Forecast (US$ Million and Units)
6.3.          Prepreg Layup Process: Composite Leaf Springs Market Trend and Forecast (US$ Million and Units)
6.4.          Other Processes: Composite Leaf Springs Market Trend and Forecast (US$ Million and Units)

7.    Global Automotive Composite Leaf Springs Market Analysis – By Region  
7.1.          Strategic Insights 
7.2.          North American Automotive Composite Leaf Springs Market Analysis
7.2.1.               North American Automotive Composite Leaf Springs Market Trend and Forecast, by Country (US$ Million and Units)  
7.2.1.1.                      USA: Automotive Composite Leaf Springs Market Trend and Forecast (US$ Million and Units)
7.2.1.2.                      RoNA: Automotive Composite Leaf Springs Market Trend and Forecast (US$ Million and Units)
7.2.2.               North American Automotive Composite Leaf Springs Market Trend and Forecast, by Vehicle (US$ Million and Units) 
7.2.3.               North American Automotive Composite Leaf Springs Market Trend and Forecast, by Installation (US$ Million and Units) 
7.2.4.               North American Automotive Composite Leaf Springs Market Trend and Forecast, by Location (US$ Million and Units) 
7.3.          European Automotive Composite Leaf Springs Market Analysis
7.3.1.               European Automotive Composite Leaf Springs Market Trend and Forecast, by Country (US$ Million and Units)
7.3.1.1.                      Germany: Automotive Composite Leaf Springs Market Trend and Forecast (US$ Million and Units)
7.3.1.2.                      Sweden: Automotive Composite Leaf Springs Market Trend and Forecast (US$ Million and Units)
7.3.1.3.                      Italy: Automotive Composite Leaf Springs Market Trend and Forecast (US$ Million and Units)
7.3.1.4.                      Russia: Automotive Composite Leaf Springs Market Trend and Forecast (US$ Million and Units)
7.3.1.5.                      Rest of Europe: Automotive Composite Leaf Springs Market Trend and Forecast (US$ Million and Units)
7.3.2.               European Automotive Composite Leaf Springs Market Trend and Forecast, by Vehicle (US$ Million and Units)
7.3.3.               European Automotive Composite Leaf Springs Market Trend and Forecast, by Installation (US$ Million and Units)
7.3.4.               European Automotive Composite Leaf Springs Market Trend and Forecast, by Location (US$ Million and Units)
7.4.          Asia-Pacific’s Automotive Composite Leaf Springs Market Analysis
7.4.1.               Asia-Pacific’s Automotive Composite Leaf Springs Market Trend and Forecast, by Country (US$ Million and Units)
7.4.1.1.                      China: Automotive Composite Leaf Springs Market Trend and Forecast (US$ Million and Units)
7.4.1.2.                      South Korea: Automotive Composite Leaf Springs Market Trend and Forecast (In US$ Million and Units)
7.4.1.3.                      India: Automotive Composite Leaf Springs Market Trend and Forecast (US$ Million and Units)
7.4.1.4.                      Rest of Asia-Pacific: Automotive Composite Leaf Springs Market (US$ Million and Units)
7.4.2.               Asia-Pacific’s Automotive Composite Leaf Springs Market Trend and Forecast, by Vehicle (US$ Million and Units)
7.4.3.               Asia-Pacific’s Automotive Composite Leaf Springs Market Trend and Forecast, by Installation (US$ Million and Units)
7.4.4.               Asia-Pacific’s Automotive Composite Leaf Springs Market Trend and Forecast, by Location (US$ Million and Units)
7.5.          Rest of the World’s (RoW) Automotive Composite Leaf Springs Market Analysis
7.5.1.               RoW’s Automotive Composite Leaf Springs Market Trend and Forecast, by Country (US$ Million and Units)
7.5.1.1.                      Brazil: Automotive Composite Leaf Springs Market Trend and Forecast (US$ Million and Units)
7.5.1.2.                      Others: Automotive Composite Leaf Springs Market Trend and Forecast (US$ Million and Units)
7.5.2.               RoW’s Automotive Composite Leaf Springs Market Trend and Forecast, by Vehicle (US$ Million and Units)
7.5.3.               RoW’s Automotive Composite Leaf Springs Market Trend and Forecast, by Installation (US$ Million and Units)
7.5.4.               RoW’s Automotive Composite Leaf Springs Market Trend and Forecast, by Location (US$ Million and Units)

8.    Competitive Analysis
8.1.          Strategic Insights
8.2.          Product Portfolio Analysis
8.3.          Presence by Vehicle Type
8.4.          Geographical Presence
8.5.          New Product Launches
8.6.          Mergers and Acquisitions
8.7.          Market Share Analysis


9.    Strategic Growth Opportunities
9.1.          Strategic Insights
9.2.          Market Attractive Analysis
9.2.1.               Market Attractiveness by Vehicle Type
9.2.2.               Market Attractiveness by Installation Type
9.2.3.               Market Attractiveness by Manufacturing Process Type
9.2.4.               Market Attractiveness by Spring Location Type
9.2.5.               Market Attractiveness by Region
9.2.6.               Market Attractiveness by Country
9.3.          Emerging Trends
9.4.          Growth Matrix Analysis
9.5.          Key Success Factors

10.  Company Profile of Key Players
10.1.       ARC Industries
10.2.       Benteler SGL
10.3.       Hendrickson International
10.4.       HyperCo
10.5.       IFC Composite GmbH
10.6.       LiteFlex, LLC
10.7.       Mubea Fahrwerkstechnologien GmbH




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