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Automotive Composite Leaf Springs Market .pdf

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Automotive Composite Leaf Springs Market Report,
2017 – 2024: Global Market Insights Inc.
A new report covers Automotive Composite Leaf Springs Market outlook providing
historical facts, current status and future development trends information along with
data on leading players and regions. The product is an arch shaped steel of
rectangular cross section and eliminating need for trailing arms and pan hard rod. Its
heavy usage in commercial vehicle and railway carriage has influenced growth of
Global commercial vehicle industry will grow at over 3% in the forecast time. With
increasing transportation through roads has influenced product demand. Trucks,
vans and SUV’s are widely used to carry passengers and goods. The product
absorbs vertical variation caused by irregularities in the road, its high strength to
weight ratio, fatigue resistance and natural frequency has mandated its use in
commercial vehicles.

Increasing demand for SUV’s, higher ground clearance, softer ride, increasing off
road capacity and higher seating position will propel product demand. SUV is a blend
of car, power and functionality of utility vehicle, offers more space, comfortable seats
and attractive appearance. Diverse features and various characteristics drives
demand for SUV in industry growth.
Bifurcation in automotive composite leaf springs market on the basis of its type
includes transversal and longitudinal. It is extensively used in various automobile
sectors such as light and heavy commercial vehicles and railways. Light commercial
vehicle will account for more market share. Based on spring include mono and multi
leaf spring. Manufacturing process involves division into shot peening, and prepreg
layup. Its area of application includes vans, trucks, SUV’s and rail carriage.
Europe is highly prosperous region for the product, it manufacturers highest number
of trucks in the world. It hosts many big truck manufacturing companies such as
Mercedes, Invesco and Grebe. Its main focus in on manufacturing good quality
product that are efficient, secure and environment friendly. With increasing demand
and manufacturing of trucks, automotive composite leaf springs market will
simultaneously growing.
Prominent players of automotive composite leaf springs market are LiteFlex, IFC,
Benteler SGL, Mubea, Flex Form, ARC, Hyper Co, Hendrickson, Rassini and
Pontiac Ventura.


In 2017 Benteler SGL partners with Henkel to produce the component for Volvo. The
aim of merger was to provide composite and light weight technology for three Volvo
models. This cooperation was further facilitated with the opening of Henkel’s lab
state of the art test facility in Germany where automobile customers can work with
the company experts to develop and test parts and can also optimize production
process conditions.
Browse Related Report:
Automotive Wheel Market Size By Material (Aluminum, Steel, Magnesium,
Carbon Fiber), By Product (Regular, High Performance), By End-Use (OEM,
Aftermarket), By Vehicle (Passenger Cars, Lightweight Commercial Vehicles,
Heavy Trucks, Buses & Coaches, Trailers), Industry Analysis Report,
Regional Outlook, Application Potential, Price Trend, Competitive Market
Share & Forecast, 2017 – 2024
About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market
research and consulting service provider; offering syndicated and custom research
reports along with growth consulting services. Our business intelligence and industry
research reports offer clients with penetrative insights and actionable market data
specially designed and presented to aid strategic decision making. These exhaustive
reports are designed via a proprietary research methodology and are available for
key industries such as chemicals, advanced materials, technology, renewable
energy and biotechnology.

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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
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Email: sales@gminsights.com
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