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Leaf Spring Market: Macro-Economic Factors Analysis, Economic Outlook, Segments Share Analysis, Market Scenario Forecast 2019-2025

The Leaf Spring Market research study stipulates a clear overview of the current market including the past and the projected future of market size concerning volume, technological advances, and economic elements in the market industry.

 

Los Angeles, CA -- (SBWIRE) -- 02/06/2019 -- 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.

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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 global Leaf Spring market is valued at 3060 million US$ in 2018 is expected to reach 3370 million US$ by the end of 2025, growing at a CAGR of 1.2% during 2019-2025.

This report focuses on Leaf Spring volume and value at global level, regional level and company level. From a global perspective, this report represents overall Leaf Spring market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.

At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.

The following manufacturers are covered:

Fangda

Hendrickson

Dongfegn

Jamna Auto Industries

Fawer

RSA

Shuaichao

Eaton Detroit Spring

Chongqing Hongqi

Hubei Shenfeng

NHK Spring

Segment by Type

Multi-leaf Spring

Mono-leaf Spring

Segment by Application

Bus

Truck

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