Global Suspension Spring Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

Global Suspension Spring Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

A suspension spring is a component of a vehicle"s suspension system that helps absorb shocks, maintain tire contact with the road, and provide a comfortable and stable ride. It is responsible for supporting the weight of the vehicle and minimizing the effects of road irregularities.

According to our (Global Info Research) latest study, the global Suspension Spring market size was valued at US$ 7165 million in 2023 and is forecast to a readjusted size of USD 8551 million by 2030 with a CAGR of 2.6% during review period.

Global 5 largest manufacturers of Suspension Spring are NHK Spring, Rassini, Vibracoustic, Mubea and Sogefi, which make up about 37%. Among them, NHK Spring is the leader with about 9% market share.

Asia-Pacific is the largest market, with a share about 52%, followed by Europe and North America, with share about 22% and 15%. In terms of product type, Coil Spring occupy the largest share of the total market, about 45%. And in terms of product application, the largest application is Passenger Car, followed by Commercial Vehicle.

This report is a detailed and comprehensive analysis for global Suspension Spring market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2024, are provided.

Key Features:

Global Suspension Spring market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2019-2030

Global Suspension Spring market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2019-2030

Global Suspension Spring market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2019-2030

Global Suspension Spring market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (USD/Unit), 2019-2024

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Suspension Spring

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Suspension Spring market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include NHK Spring, Rassini, Vibracoustic, Mubea, Sogefi, Continental, Mitsubishi Steel, Hendrickson, Thyssenkrupp, Jamna Auto Industries, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

Suspension Spring market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Coil Spring
Air Spring
Leaf Spring

Market segment by Application
Passenger Car
Commercial Vehicle

Major players covered
NHK Spring
Rassini
Vibracoustic
Mubea
Sogefi
Continental
Mitsubishi Steel
Hendrickson
Thyssenkrupp
Jamna Auto Industries
Chuo Spring
Firestone
Dongfeng Motor Suspension
Fangda Special Steel
Lesjöfors
Zhejiang Meili
Hwaway
Fawer
Eibach
KYB
Shandong Leopard
Betts Spring
Vikrant Auto
BJ Spring

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Suspension Spring product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Suspension Spring, with price, sales quantity, revenue, and global market share of Suspension Spring from 2019 to 2024.

Chapter 3, the Suspension Spring competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Suspension Spring breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2019 to 2030.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2019 to 2030.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2019 to 2024.and Suspension Spring market forecast, by regions, by Type, and by Application, with sales and revenue, from 2025 to 2030.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Suspension Spring.

Chapter 14 and 15, to describe Suspension Spring sales channel, distributors, customers, research findings and conclusion.