Global Automotive Suspension Coil Springs Market 2024-2028
The automotive suspension coil springs market is forecasted to grow by USD 696.7 mn during 2023-2028, accelerating at a CAGR of 4.5% during the forecast period. The report on the automotive suspension coil springs market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increase in production of passenger and commercial vehicles, increasing usage of efficient materials in coil spring manufacturing, and technical requirements and specifications for automotive suspension coil springs.
Technavio's automotive suspension coil springs market is segmented as below:
By Application
- Passenger Car
- Commercial Vehicle
By Geographical Landscape
- APAC
- Europe
- North America
- South America
- Middle East and Africa
This study identifies the developments in automotive suspension springs market as one of the prime reasons driving the automotive suspension coil springs market growth during the next few years. Also, advanced suspension systems serving as safety booster and emerging active chassis systems revolutionizing riding experience will lead to sizable demand in the market.
The report on the automotive suspension coil springs market covers the following areas:
- Automotive suspension coil springs market sizing
- Automotive suspension coil springs market forecast
- Automotive suspension coil springs market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading automotive suspension coil springs market vendors that include Alpha Springs Ltd., Asha Spring and Engineering Co., BWI Group, Coiling Technologies Inc., Continental AG, Dietz GmbH, Kilen Springs, Leggett and Platt Inc., Melling, Melrose Industries Plc, Mitsubishi Steel Mfg. Co. Ltd., Muhr und Bender KG, MW Industries Inc., NHK Spring Co. Ltd., Sogefi Spa, Springcoil Ltd., Tenneco Inc., The Lesjofors Group, thyssenkrupp AG, and ZF Friedrichshafen AG. Also, the automotive suspension coil springs market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.