Global Suspension Spring Market Growth 2025-2031

Global Suspension Spring Market Growth 2025-2031

The global Suspension Spring market size is predicted to grow from US$ 6975 million in 2025 to US$ 8207 million in 2031; it is expected to grow at a CAGR of 2.7% from 2025 to 2031.

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.

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.

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

This Insight Report provides a comprehensive analysis of the global Suspension 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 Suspension Spring portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Suspension Spring market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Suspension 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 Suspension Spring.

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

Segmentation by Type:
Coil Spring
Air Spring
Leaf Spring

Segmentation by Application:
Passenger Car
Commercial Vehicle

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.
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

Key Questions Addressed in this Report

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

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

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

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

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