QY Research has published the new industry research of the “Global Leaf Spring Market” The report focuses on Global major leading players with information such as company profiles, product picture, future road map, opportunities and investment.
Los Angeles, CA -- (SBWIRE) -- 10/02/2018 -- This study focuses on the production side and consumption side of Leaf Spring, presents the global Leaf Spring market size by manufacturers, regions, type and application, history breakdown data from 2013 to 2018, and forecast to 2025. In terms of production side, this report researches the Leaf Spring capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and product type. In terms of consumption side, this report focuses on the consumption of Leaf Spring by regions and application. The key regions like North America, Europe, Asia-Pacific, Central & South America, Middle East and Africa etc.
Leaf Spring is a simple form of spring commonly used for the suspension in wheeled vehicles. Usually, Leaf spring is assembly of several leaf springs which is made of steel. At present, leaf spring assembly is mostly applied on commercial vehicles. Leaf spring assembly has its advantages compared to the coil spring. Leaf spring assembly has a stronger bearing capacity but a weaker comfort. Due to developing of commercial vehicle market, demand of Leaf Spring is growing higher. In recent years, due to the policy promoting, commercial vehicle in Europe and USA mostly use air suspensions. However, developing countries are still providing strong demand of Leaf Spring, such as China, India and Middle East etc. Viewed from the supply side, there are many manufacturers in the Leaf Spring industry, while from the demand side; the current demand for Leaf Spring is growing.
At present, there are many domestic manufacturers in China. Most of the domestic companies have less technology and financial ability and they are facing the competition from the foreign companies. To grab more market, the little companies have to expand the technology, capital investment and brand influence. To meet the challenge of the domestic companies and keep their leading stage, leading companies need to increase the technology innovation and speed up the product upgrading. Due to the stable automotive OEM market, Leaf Spring market will still be a market leading by a few companies in future.
In order to feed the changing technical requirements, Leaf Spring manufacturers need to pay attention to the technical innovation. In future, high performance and new material will be the technology trends of Leaf Spring. The Leaf Spring market was valued at 3060 Million US$ in 2017 and is projected to reach 3370 Million US$ by 2025, at a CAGR of 1.2% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Leaf Spring.
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This report includes the following manufacturers; we can also add the other companies as you want.
Jamna Auto Industries
Eaton Detroit Spring
Market Segment by Product Type
Market Segment by Application
Key Regions split in this report:
Central & South America
Middle East & Africa
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