Automotive Composite Suspension Components Market
Report code - SRAM126 | Published On : Jul,2017 | Status: Published | No. of Pages: 215

Global Automotive Composite Suspension Components Market by Component Type (Leaf Spring, Coil Spring, Suspension Arm, Stabilizer Bar, and Others), by Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Duty Commercial Vehicle, and Others), by Manufacturing Process Type (Compression Molding, HP-RTM, Prepreg Layup, and Others), 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 composite suspension components market in the global 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 in the market.

The Global Automotive Composite Suspension Components Market: Highlights

The global automotive composite suspension components market is still at a nascent stage but possesses significant growth potential over the next five years to reach US$ 83.7 million in 2022. Organic growth of automobile production, growing preference for composite components in passenger and light commercial vehicles, development of new composite suspension applications, an advancement in the composites technology, and stringent government regulations regarding fuel efficiency and carbon emission reductions are the major growth drivers of the market.

Composite suspension components offer several benefits over steel components, such as lightweight, high durability, better vibration energy absorption, and excellent fatigue resistance. For example; composite leaf spring is up to five times more durable than that of a similar sized steel leaf springs at just 1/7th the weight.

The global automotive composite suspension components market is segmented based on component type as leaf spring, coil spring, suspension arm, stabilizer bar, and other components. Composite leaf springs are expected to remain the largest segment in the global automotive suspension components market during the forecast period. Composite leaf springs are mainly used in passenger cars and light commercial vehicles. Pickup, Van, and SUVs are the major vehicle types that are using composite leaf springs on either transversal or longitudinal position depending on requirements, vehicle design, etc. All major OEMs are evaluating the usage of composite leaf springs in their major Pickup, VAN, and SUV models.

Based on the vehicle type, the global automotive composite suspension components market is segmented as passenger car, light commercial vehicle (LCV), medium & heavy duty commercial vehicle (M&HCV), and others. LCV, currently, dominates the global automotive composite suspension components market because of higher usage of composite leaf springs in LCVs. The passenger car is projected to witness the highest growth during the forecast period, driven by an increasing usage of leaf springs and coil springs.

Based on regions, Europe is expected to remain the largest market for composite suspension components in the automotive industry over the next five years, driven by higher usage of composite leaf springs in LCVs. Asia-Pacific is a relatively small market but is expected to experience the highest growth during the same period.

The supply chain of this market comprises raw material suppliers, composite component manufacturers, OEMs, distributors, and end users. The global automotive composite suspension components market is highly consolidated with the presence of less than a dozen global players. The key composite component manufacturers for suspension system are Liteflex LLC, IFC Composite GmbH, Benteler-SGL, and Sogefi Group. New product development, capacity expansion, and process optimization are the key strategies adopted by the major 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 700 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. About 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts have been executed to obtain both 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 Automotive Composite Suspension Components market is segmented into the following categories. 

Global Automotive Composite Suspension Components Market by Component Type:

  • Coil Springs (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
  • Leaf Springs (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
  • Stabilizer Bar (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
  • Suspension Arm (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
  • Others (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

Global Automotive Composite Suspension Components Market by Vehicle Type:

  • Passenger Car (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
  • Light Commercial Vehicle (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
  • Medium & Heavy Duty Commercial Vehicle (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
  • Others (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

Global Automotive Composite Suspension Components Market by Manufacturing Process Type:

  • Compression Molding Process (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
  • HP-RTM Process (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
  • Prepreg Layup Process (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
  • Other Processes (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

Global Automotive Composite Suspension Components Market by Region:

  • North America (Country Analysis: The USA, Canada, and Mexico) 
  • 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)

Market Segmentation

  • Current market segmentation of any one of the vehicle type by component 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 sectors. In the 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.    Global Automotive Composite Suspension Components Market – Overview and Market Forces
2.1.          Introduction
2.2.          Market Classification
2.2.1.               By Component Type
2.2.2.               By Vehicle Type  
2.2.3.               By Manufacturing Process
2.2.4.               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 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 Suspension Components Market Analysis – By Component Type      
3.1.          Strategic Insights 
3.2.          Composite Leaf Springs Market Trend and Forecast (US$ Million)
3.2.1.               Regional Trend and Forecast (US$ Million)
3.3.          Composite Coil Springs Market Trend and Forecast (US$ Million)
3.3.1.               Regional Trend and Forecast (US$ Million)
3.4.          Composite Stabilizer Bar Market Trend and Forecast (US$ Million)
3.4.1.               Regional Trend and Forecast (US$ Million)
3.5.          Composite Suspension Arm Market Trend and Forecast (US$ Million)
3.5.1.               Regional Trend and Forecast (US$ Million)
3.6.          Other Composite Suspension Components Market Trend and Forecast (US$ Million)
3.6.1.               Regional Trend and Forecast (US$ Million)


4.    Global Automotive Composite Suspension Components Market Analysis – By Vehicle Type     
4.1.          Strategic Insights 
4.2.          Passenger Car Composite Suspension Components Market Trend and Forecast (US$ Million)
4.2.1.               Regional Trend and Forecast (US$ Million)
4.3.          LCV Composite Suspension Components Market Trend and Forecast (US$ Million)
4.3.1.               Regional Trend and Forecast (US$ Million)
4.4.          M&HCV Composite Suspension Components Market Trend and Forecast (US$ Million)
4.4.1.               Regional Trend and Forecast (US$ Million)
4.5.          Other Vehicles’ Composite Suspension Components Market Trend and Forecast (US$ Million)
4.5.1.               Regional Trend and Forecast (US$ Million)

5.    Global Automotive Composite Suspension Components Market Analysis – By Manufacturing Process Type  
5.1.          Strategic Insights
5.2.          Compression Molding-based Composite Suspension Components Market Trend and Forecast (US$ Million)
5.2.1.               Regional Trend and Forecast (US$ Million)
5.3.          HP-RTM-based Composite Suspension Components Market Trend and Forecast (US$ Million)
5.3.1.               Regional Trend and Forecast (US$ Million)
5.4.          Prepreg Layup-based Composite Suspension Components Market Trend and Forecast (US$ Million)
5.4.1.               Regional Trend and Forecast (US$ Million)
5.5.          Other Processes-based Composite Suspension Components Market Trend and Forecast (US$ Million)
5.5.1.               Regional Trend and Forecast (US$ Million)

6.    Global Automotive Composite Suspension Components Market Analysis– By Region  
6.1.          Strategic Insights 
6.2.          North American Automotive Composite Suspension Components Market Analysis
6.2.1.               North American Automotive Composite Suspension Components Market Trend and Forecast, by Country (US$ Million)
6.2.1.1.                      The USA: Automotive Composite Suspension Components Market Trend and Forecast (US$ Million)
6.2.1.2.                      Canada: Automotive Composite Suspension Components Market Trend and Forecast (US$ Million)
6.2.1.3.                      Mexico: Automotive Composite Suspension Components Market Trend and Forecast (US$ Million)
6.2.2.               North American Automotive Composite Suspension Components Market Trend and Forecast, by Component (US$ Million)
6.2.3.               North American Automotive Composite Suspension Components Market Trend and Forecast, by Vehicle (US$ Million)
6.2.4.               North American Automotive Composite Suspension Components Market Trend and Forecast, by Process (US$ Million)
6.3.          European Automotive Composite Suspension Components Market Analysis
6.3.1.               European Automotive Composite Suspension Components Market Trend and Forecast, by Country (US$ Million)
6.3.1.1.                      Germany: Automotive Composite Suspension Components Market Trend and Forecast (US$ Million)
6.3.1.2.                      Sweden: Automotive Composite Suspension Components Market Trend and Forecast (US$ Million)
6.3.1.3.                      Italy: Automotive Composite Suspension Components Market Trend and Forecast (US$ Million)
6.3.1.4.                      Russia: Automotive Composite Suspension Components Market Trend and Forecast (US$ Million)
6.3.1.5.                      Rest of Europe: Automotive Composite Suspension Components Market Trend and Forecast (US$ Million)
6.3.2.               European Automotive Composite Suspension Components Market Trend and Forecast, by Component (US$ Million)
6.3.3.               European Automotive Composite Suspension Components Market Trend and Forecast, by Vehicle (US$ Million)
6.3.4.               European Automotive Composite Suspension Components Market Trend and Forecast, by Process (US$ Million)
6.4.          Asia-Pacific’s Automotive Composite Suspension Components Market Analysis
6.4.1.               Asia-Pacific’s Automotive Composite Suspension Components Market Trend and Forecast, by Country (US$ Million)   
6.4.1.1.                      China: Automotive Composite Suspension Components Market Trend and Forecast (US$ Million)
6.4.1.2.                      South Korea: Automotive Composite Suspension Components Market Trend and Forecast (US$ Million)
6.4.1.3.                      India: Automotive Composite Suspension Components Market Trend and Forecast (US$ Million)
6.4.1.4.                      Rest of Asia-Pacific: Automotive Composite Suspension Components Market Trend and Forecast (US$ Million)
6.4.2.               Asia-Pacific’s Automotive Composite Suspension Components Market Trend and Forecast, by Component (US$ Million)
6.4.3.               Asia-Pacific’s Automotive Composite Suspension Components Market Trend and Forecast, by Vehicle (US$ Million)
6.4.4.               Asia-Pacific’s Automotive Composite Suspension Components Market Trend and Forecast, by Process (US$ Million)
6.5.          Rest of the World’s (RoW) Automotive Composite Suspension Components Market Analysis
6.5.1.               RoW’s Automotive Composite Suspension Components Market Trend and Forecast, by Country (US$ Million)
6.5.1.1.                      Brazil: Automotive Composite Suspension Components Market Trend and Forecast (US$ Million)
6.5.1.2.                      Others: Automotive Composite Suspension Components Market Trend and Forecast (US$ Million)
6.5.2.               RoW’s Automotive Composite Suspension Components Market Trend and Forecast, by Component (US$ Million)
6.5.3.               RoW’s Automotive Composite Suspension Components Market Trend and Forecast, by Vehicle (US$ Million)
6.5.4.               RoW’s Automotive Composite Suspension Components Market Trend and Forecast, by Process (US$ Million) 

7.    Competitive Analysis
7.1.          Strategic Insights
7.2.          Product Portfolio Analysis
7.3.          Presence by Vehicle Type
7.4.          Geographical Presence
7.5.          New Product Launches
7.6.          Mergers and Acquisitions
7.7.          Market Share Analysis


8.    Strategic Growth Opportunities
8.1.          Strategic Insights
8.2.          Market Attractive Analysis
8.2.1.               Market Attractiveness by Component Type
8.2.2.               Market Attractiveness by Vehicle Type
8.2.3.               Market Attractiveness by Manufacturing Process Type
8.2.4.               Market Attractiveness by Region
8.2.5.               Market Attractiveness by Country
8.3.          Emerging Trends
8.4.          Growth Matrix Analysis
8.5.          Key Success Factors


9.    Company Profile of Key Players
9.1.          Benteler-SGL GmbH & Co KG
9.2.          IFC Composite GmbH
9.3.          Hyperco
9.4.          Liteflex LLC
9.5.          Mubea Fahrwerkstechnologien GmbH
9.6.          Sogefi Group




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