The global Suspension Spring market was valued at US$ 6905 million in 2019 and it is expected to reach US$ 7116.2 million by the end of 2026, growing at a CAGR of 4.0% during 2021-2026.
A suspension spring is used to absorb shocks from road and store in the form of compressed energy which is later dissipated in the form of heat by dampers. Springs serve a purpose to provide you with a smooth comfortable ride.
The classification of Suspension Spring includes Coil Spring, Air Spring and Leaf Spring. Coil Spring dominated the market in terms of volume with a share of about 82% in 2019. In terms of value, the market share of leaf spring is largest with nearly 56% market.
Global Suspension Spring Application segment consists of Passenger car and Commercial Vehicle. Passenger car segment was estimated to account for a sales share of about 74% in 2019.
The key vendors in the market like NHK Spring, Rassini, Sogefi, Mubea, Thyssenkrupp, Continental, Mitsubishi Steel, Fangda Special Steel, Jamna Auto Industries, Chuo Spring, etc. Top ten players account for revenue share about 50% in 2019.
Global Suspension Spring Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Suspension Spring Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are NHK Spring, Rassini, Sogefi, Mubea, Thyssenkrupp, Continental, Mitsubishi Steel, Fangda Special Steel, Jamna Auto Industries, Chuo Spring, Dongfeng Motor Suspension, Fawer, Hendrickson, Vibracoustic, Lesjöfors, Shandong Leopard, KYB, Firestone, Betts Spring, Eibach, Vikrant Auto, Zhejiang Meili, Akar Tools, BJ Spring and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Find more details at: https://www.themarketreports.com/report/global-suspension-spring-market-research-report
Segment by Type
- Coil Spring
- Air Spring
- Leaf Spring
Segment by Application
- Passenger Car
- Commercial Vehicle
Table of Content:
1 Suspension Spring Market Overview
2 Market Competition by Manufacturers
3 Production and Capacity by Region
4 Global Suspension Spring Consumption by Region
5 Production, Revenue, Price Trend by Type
6 Consumption Analysis by Application
7 Key Companies Profiled
8 Suspension Spring Manufacturing Cost Analysis
9 Marketing Channel, Distributors and Customers
10 Market Dynamics
11 Production and Supply Forecast
12 Consumption and Demand Forecast
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta