Global Leaf Spring Market Growth 2025-2031

Global Leaf Spring Market Growth 2025-2031

The global Leaf Spring market size is predicted to grow from US$ 3240 million in 2025 to US$ 3490 million in 2031; it is expected to grow at a CAGR of 1.2% from 2025 to 2031.

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.

Global Leaf Spring key players include Fangda, Hendrickson, Dongfegn, Jamna Auto Industries, Fawer, etc. Global top five manufacturers hold a share over 25%.

China is the largest market, with a share about 40%, followed by Europe, and North America, both have a share about 30 percent.

In terms of product, Multi-leaf is the largest segment, with a share over 65%. And in terms of application, the largest application is Truck, followed by Bus, etc.

LP Information, Inc. (LPI) ' newest research report, the “Leaf Spring Industry Forecast” looks at past sales and reviews total world Leaf Spring sales in 2024, providing a comprehensive analysis by region and market sector of projected Leaf Spring sales for 2025 through 2031. With Leaf Spring sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Leaf Spring industry.

This Insight Report provides a comprehensive analysis of the global Leaf Spring landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Leaf Spring portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Leaf Spring market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Leaf Spring and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Leaf Spring.

This report presents a comprehensive overview, market shares, and growth opportunities of Leaf Spring market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Multi-Leaf Spring
Mono-Leaf Spring

Segmentation by Application:
Bus
Truck
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Fangda
Hendrickson
Dongfegn
Jamna Auto Industries
Fawer
RSA
Shuaichao
Eaton Detroit Spring
Chongqing Hongqi
Hubei Shenfeng
NHK Spring
Leopord
Mitsubishi Steel
Shuangli Banhuang
OLGUN CELIK
Standens
Owen Springs
Hayward
Hunan Yitong
Sogefi
Anhui Anhuang
Shandong Fangcheng
Zhengzhou Xinjiaotong
Jiangxi Automobile Leaf Spring
Eagle Suspensions

Key Questions Addressed in this Report

What is the 10-year outlook for the global Leaf Spring market?

What factors are driving Leaf Spring market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Leaf Spring market opportunities vary by end market size?

How does Leaf Spring break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.