In 2023, The Global Automotive Suspension Spring Market Was Valued At USD 7113.92 Million And Is Set For Significant Expansion, With A Projected Reach Of USD 8989.86 Million By 2030, Boasting An Impressive Compound Annual Growth Rate (CAGR) Of 3.4% For The Entire Forecast Period From 2023 To 2030.
Report Overview: Automotive Suspension Spring Market Size, Share & Trends Analysis (2023 – 2030)
Welcome to our comprehensive report on the Automotive Suspension Spring Market for the period 2023-2030. This report provides valuable insights into the market’s size, share, and trends, segmented by spring type (Coil Spring, Air Spring, Leaf Spring), application (Passenger Car, Commercial Vehicle), and region. It serves as an essential resource for stakeholders seeking insights into this dynamic and evolving automotive component industry.
Market Analysis and Insights
Our report on the Automotive Suspension Spring Market offers an in-depth analysis of the current market landscape and future prospects. It delves into key drivers, restraints, opportunities, and the impact of the COVID-19 pandemic, providing a comprehensive understanding of the market’s dynamics.
Growth Factors
The Automotive Suspension Spring Market is experiencing significant growth due to several critical factors. One of the primary growth drivers is the expanding automotive industry. As the production and sales of vehicles increase, the demand for suspension springs to enhance ride comfort and handling performance also rises.
Additionally, advancements in suspension spring materials and designs have improved their durability and performance, contributing to the market’s growth.
Market Dynamics
Driver:
A significant driver of the Automotive Suspension Spring Market is the emphasis on vehicle safety and ride quality. Automotive manufacturers are increasingly focusing on providing comfortable and safe rides, which depend on high-quality suspension systems.
Restraint:
The market faces challenges related to cost constraints and the need for continuous innovation. Meeting safety and environmental standards while keeping suspension spring costs reasonable is a constant challenge for manufacturers.
Opportunity:
Opportunities lie in further research and development to enhance suspension spring materials and designs. Investments in technological innovations and collaboration between automotive companies and component manufacturers can lead to solutions that improve vehicle performance and safety.
Impact of COVID-19:
The COVID-19 pandemic had an impact on the Automotive Suspension Spring Market as vehicle production and sales were temporarily disrupted. However, as the automotive industry rebounds, the demand for suspension springs is expected to recover and grow.
Regional Insights
Our report provides regional insights, highlighting how different regions contribute to the Automotive Suspension Spring Market. Factors such as the automotive manufacturing landscape, consumer preferences, and regulatory environments significantly influence market dynamics in each region. Understanding these regional nuances is essential for businesses seeking to expand their presence globally.
In conclusion, our report on the Automotive Suspension Spring Market offers a comprehensive understanding of this dynamic industry. It equips stakeholders with the insights needed to make informed decisions and contribute to advancing vehicle performance and safety through the use of innovative suspension spring solutions.
Key Companies & Market Share Insights
Some of the key players in the global Automotive Suspension Spring market include:
- 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
Automotive Suspension Spring Market Report Scope
Report Attribute | Details |
Market size value in 2023 | USD 7113.92 Million |
Revenue Forecast in 2030 | USD 8989.86 Million |
Growth rate | CAGR of 3.4% from 2023 to 2030 |
Base Year for Estimation | 2022 |
Historical data | 2018 – 2022 |
Forecast period | 2023 – 2030 |
Quantitative units | Revenue in USD million/billion and CAGR from 2023 to 2030 |
Report Coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
Segments Covered | Type, application, region |
Regional Scope | North America; Europe; Asia Pacific; Latin America; MEA |
Country Scope | U.S.; Canada; Germany; UK; France; Italy; Spain; Denmark; Sweden; Norway; China; Japan; India; Australia; South Korea; Thailand; Brazil; Mexico; Argentina; South Africa; Saudi Arabia; UAE; Kuwait |
Key Companies Profiled | 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 |
Global Automotive Suspension Spring Market Report Segmentation:
Segment by Type
Coil Spring
Air Spring
Leaf Spring
Segment by Application
Passenger Car
Commercial Vehicle
Regional Outlook (Revenue, USD Million, 2018 – 2030)
- North America
- Europe
- United Kingdom
- Germany
- France
- Italy
- Spain
- Denmark
- Sweden
- Norway
- Asia Pacific
- Japan
- China
- India
- South Korea
- Australia
- Thailand
- Latin America
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Kuwait
What Sets Our ‘Automotive Suspension Spring Market’ Report Apart?
Our ‘Automotive Suspension Spring Market’ report distinguishes itself in the market through the following features:
- Comprehensive Market Analysis: The report presents in-depth market sizing and forecasts at a segment level for over 20 countries. It includes historical and forecast analysis spanning from 2023 to 2030, enabling comprehensive market assessment.
- Detailed Segmentation: It offers detailed segmentation by Product Types by value, Application by value, and end-user, providing a granular view of market dynamics.
- Value Chain Insights: The report includes a detailed value chain analysis that helps businesses identify areas for efficiency improvement, cost reduction, and enhancement of their competitive advantage.
- Technology and Regulatory Trends: We cover technology and regulatory trends, as well as challenging factors impacting the Automotive Suspension Spring market, giving you a holistic view of the market landscape.
- Growth Innovation Matrix: The report includes a growth innovation matrix that categorizes companies into four categories: flagbearers, contenders, specialists, and experimenters. This categorization aids value chain participants in understanding competition based on volume growth and R&D efforts.
- Competitive Profiling: Competitive profiling and benchmarking of key companies in the market provide a deeper understanding of industry competition, helping you formulate effective strategies.
Chapter 1 Automotive Suspension Spring Market Overview
1.1 Product Definition
1.2 Automotive Suspension Spring Segment by Type
1.2.1 Global Automotive Suspension Spring Market Value Growth Rate Analysis by Type 2022 VS 2029
1.2.2 Coil Spring
1.2.3 Air Spring
1.2.4 Leaf Spring
1.3 Automotive Suspension Spring Segment by Application
1.3.1 Global Automotive Suspension Spring Market Value Growth Rate Analysis by Application: 2022 VS 2029
1.3.2 Passenger Car
1.3.3 Commercial Vehicle
1.4 Global Market Growth Prospects
1.4.1 Global Automotive Suspension Spring Production Value Estimates and Forecasts (2018-2029)
1.4.2 Global Automotive Suspension Spring Production Capacity Estimates and Forecasts (2018-2029)
1.4.3 Global Automotive Suspension Spring Production Estimates and Forecasts (2018-2029)
1.4.4 Global Automotive Suspension Spring Market Average Price Estimates and Forecasts (2018-2029)
1.5 Assumptions and Limitations
Chapter 2 Market Competition by Manufacturers
2.1 Global Automotive Suspension Spring Production Market Share by Manufacturers (2018-2023)
2.2 Global Automotive Suspension Spring Production Value Market Share by Manufacturers (2018-2023)
2.3 Global Key Players of Automotive Suspension Spring, Industry Ranking, 2021 VS 2022 VS 2023
2.4 Global Automotive Suspension Spring Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Automotive Suspension Spring Average Price by Manufacturers (2018-2023)
2.6 Global Key Manufacturers of Automotive Suspension Spring, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Automotive Suspension Spring, Product Offered and Application
2.8 Global Key Manufacturers of Automotive Suspension Spring, Date of entering into This Industry
2.9 Automotive Suspension Spring Market Competitive Situation and Trends
2.9.1 Automotive Suspension Spring Market Concentration Rate
2.9.2 Global 5 and 10 Largest Automotive Suspension Spring Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
Chapter 3 Automotive Suspension Spring Production by Region
3.1 Global Automotive Suspension Spring Production Value Estimates and Forecasts by Region: 2018 VS 2022 VS 2029
3.2 Global Automotive Suspension Spring Production Value by Region (2018-2029)
3.2.1 Global Automotive Suspension Spring Production Value Market Share by Region (2018-2023)
3.2.2 Global Forecasted Production Value of Automotive Suspension Spring by Region (2024-2029)
3.3 Global Automotive Suspension Spring Production Estimates and Forecasts by Region: 2018 VS 2022 VS 2029
3.4 Global Automotive Suspension Spring Production by Region (2018-2029)
3.4.1 Global Automotive Suspension Spring Production Market Share by Region (2018-2023)
3.4.2 Global Forecasted Production of Automotive Suspension Spring by Region (2024-2029)
3.5 Global Automotive Suspension Spring Market Price Analysis by Region (2018-2023)
3.6 Global Automotive Suspension Spring Production and Value, Year-over-Year Growth
3.6.1 North America Automotive Suspension Spring Production Value Estimates and Forecasts (2018-2029)
3.6.2 Europe Automotive Suspension Spring Production Value Estimates and Forecasts (2018-2029)
3.6.3 China Automotive Suspension Spring Production Value Estimates and Forecasts (2018-2029)
3.6.4 Japan Automotive Suspension Spring Production Value Estimates and Forecasts (2018-2029)
3.6.5 South Korea Automotive Suspension Spring Production Value Estimates and Forecasts (2018-2029)
3.6.6 India Automotive Suspension Spring Production Value Estimates and Forecasts (2018-2029)
Chapter 4 Automotive Suspension Spring Consumption by Region
4.1 Global Automotive Suspension Spring Consumption Estimates and Forecasts by Region: 2018 VS 2022 VS 2029
4.2 Global Automotive Suspension Spring Consumption by Region (2018-2029)
4.2.1 Global Automotive Suspension Spring Consumption by Region (2018-2023)
4.2.2 Global Automotive Suspension Spring Forecasted Consumption by Region (2024-2029)
4.3 North America
4.3.1 North America Automotive Suspension Spring Consumption Growth Rate by Country: 2018 VS 2022 VS 2029
4.3.2 North America Automotive Suspension Spring Consumption by Country (2018-2029)
4.3.3 United States
4.3.4 Canada
4.4 Europe
4.4.1 Europe Automotive Suspension Spring Consumption Growth Rate by Country: 2018 VS 2022 VS 2029
4.4.2 Europe Automotive Suspension Spring Consumption by Country (2018-2029)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Automotive Suspension Spring Consumption Growth Rate by Region: 2018 VS 2022 VS 2029
4.5.2 Asia Pacific Automotive Suspension Spring Consumption by Region (2018-2029)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Automotive Suspension Spring Consumption Growth Rate by Country: 2018 VS 2022 VS 2029
4.6.2 Latin America, Middle East & Africa Automotive Suspension Spring Consumption by Country (2018-2029)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
Chapter 5 Segment by Type
5.1 Global Automotive Suspension Spring Production by Type (2018-2029)
5.1.1 Global Automotive Suspension Spring Production by Type (2018-2023)
5.1.2 Global Automotive Suspension Spring Production by Type (2024-2029)
5.1.3 Global Automotive Suspension Spring Production Market Share by Type (2018-2029)
5.2 Global Automotive Suspension Spring Production Value by Type (2018-2029)
5.2.1 Global Automotive Suspension Spring Production Value by Type (2018-2023)
5.2.2 Global Automotive Suspension Spring Production Value by Type (2024-2029)
5.2.3 Global Automotive Suspension Spring Production Value Market Share by Type (2018-2029)
5.3 Global Automotive Suspension Spring Price by Type (2018-2029)
Chapter 6 Segment by Application
6.1 Global Automotive Suspension Spring Production by Application (2018-2029)
6.1.1 Global Automotive Suspension Spring Production by Application (2018-2023)
6.1.2 Global Automotive Suspension Spring Production by Application (2024-2029)
6.1.3 Global Automotive Suspension Spring Production Market Share by Application (2018-2029)
6.2 Global Automotive Suspension Spring Production Value by Application (2018-2029)
6.2.1 Global Automotive Suspension Spring Production Value by Application (2018-2023)
6.2.2 Global Automotive Suspension Spring Production Value by Application (2024-2029)
6.2.3 Global Automotive Suspension Spring Production Value Market Share by Application (2018-2029)
6.3 Global Automotive Suspension Spring Price by Application (2018-2029)
Chapter 7 Key Companies Profiled
7.1 NHK Spring
7.1.1 NHK Spring Automotive Suspension Spring Corporation Information
7.1.2 NHK Spring Automotive Suspension Spring Product Portfolio
7.1.3 NHK Spring Automotive Suspension Spring Production, Value, Price and Gross Margin (2018-2023)
7.1.4 NHK Spring Main Business and Markets Served
7.1.5 NHK Spring Recent Developments/Updates
7.2 Rassini
7.2.1 Rassini Automotive Suspension Spring Corporation Information
7.2.2 Rassini Automotive Suspension Spring Product Portfolio
7.2.3 Rassini Automotive Suspension Spring Production, Value, Price and Gross Margin (2018-2023)
7.2.4 Rassini Main Business and Markets Served
7.2.5 Rassini Recent Developments/Updates
7.3 Sogefi
7.3.1 Sogefi Automotive Suspension Spring Corporation Information
7.3.2 Sogefi Automotive Suspension Spring Product Portfolio
7.3.3 Sogefi Automotive Suspension Spring Production, Value, Price and Gross Margin (2018-2023)
7.3.4 Sogefi Main Business and Markets Served
7.3.5 Sogefi Recent Developments/Updates
7.4 Mubea
7.4.1 Mubea Automotive Suspension Spring Corporation Information
7.4.2 Mubea Automotive Suspension Spring Product Portfolio
7.4.3 Mubea Automotive Suspension Spring Production, Value, Price and Gross Margin (2018-2023)
7.4.4 Mubea Main Business and Markets Served
7.4.5 Mubea Recent Developments/Updates
7.5 Thyssenkrupp
7.5.1 Thyssenkrupp Automotive Suspension Spring Corporation Information
7.5.2 Thyssenkrupp Automotive Suspension Spring Product Portfolio
7.5.3 Thyssenkrupp Automotive Suspension Spring Production, Value, Price and Gross Margin (2018-2023)
7.5.4 Thyssenkrupp Main Business and Markets Served
7.5.5 Thyssenkrupp Recent Developments/Updates
7.6 Continental
7.6.1 Continental Automotive Suspension Spring Corporation Information
7.6.2 Continental Automotive Suspension Spring Product Portfolio
7.6.3 Continental Automotive Suspension Spring Production, Value, Price and Gross Margin (2018-2023)
7.6.4 Continental Main Business and Markets Served
7.6.5 Continental Recent Developments/Updates
7.7 Mitsubishi Steel
7.7.1 Mitsubishi Steel Automotive Suspension Spring Corporation Information
7.7.2 Mitsubishi Steel Automotive Suspension Spring Product Portfolio
7.7.3 Mitsubishi Steel Automotive Suspension Spring Production, Value, Price and Gross Margin (2018-2023)
7.7.4 Mitsubishi Steel Main Business and Markets Served
7.7.5 Mitsubishi Steel Recent Developments/Updates
7.8 Fangda Special Steel
7.8.1 Fangda Special Steel Automotive Suspension Spring Corporation Information
7.8.2 Fangda Special Steel Automotive Suspension Spring Product Portfolio
7.8.3 Fangda Special Steel Automotive Suspension Spring Production, Value, Price and Gross Margin (2018-2023)
7.8.4 Fangda Special Steel Main Business and Markets Served
7.7.5 Fangda Special Steel Recent Developments/Updates
7.9 Jamna Auto Industries
7.9.1 Jamna Auto Industries Automotive Suspension Spring Corporation Information
7.9.2 Jamna Auto Industries Automotive Suspension Spring Product Portfolio
7.9.3 Jamna Auto Industries Automotive Suspension Spring Production, Value, Price and Gross Margin (2018-2023)
7.9.4 Jamna Auto Industries Main Business and Markets Served
7.9.5 Jamna Auto Industries Recent Developments/Updates
7.10 Chuo Spring
7.10.1 Chuo Spring Automotive Suspension Spring Corporation Information
7.10.2 Chuo Spring Automotive Suspension Spring Product Portfolio
7.10.3 Chuo Spring Automotive Suspension Spring Production, Value, Price and Gross Margin (2018-2023)
7.10.4 Chuo Spring Main Business and Markets Served
7.10.5 Chuo Spring Recent Developments/Updates
7.11 Dongfeng Motor Suspension
7.11.1 Dongfeng Motor Suspension Automotive Suspension Spring Corporation Information
7.11.2 Dongfeng Motor Suspension Automotive Suspension Spring Product Portfolio
7.11.3 Dongfeng Motor Suspension Automotive Suspension Spring Production, Value, Price and Gross Margin (2018-2023)
7.11.4 Dongfeng Motor Suspension Main Business and Markets Served
7.11.5 Dongfeng Motor Suspension Recent Developments/Updates
7.12 Fawer
7.12.1 Fawer Automotive Suspension Spring Corporation Information
7.12.2 Fawer Automotive Suspension Spring Product Portfolio
7.12.3 Fawer Automotive Suspension Spring Production, Value, Price and Gross Margin (2018-2023)
7.12.4 Fawer Main Business and Markets Served
7.12.5 Fawer Recent Developments/Updates
7.13 Hendrickson
7.13.1 Hendrickson Automotive Suspension Spring Corporation Information
7.13.2 Hendrickson Automotive Suspension Spring Product Portfolio
7.13.3 Hendrickson Automotive Suspension Spring Production, Value, Price and Gross Margin (2018-2023)
7.13.4 Hendrickson Main Business and Markets Served
7.13.5 Hendrickson Recent Developments/Updates
7.14 Vibracoustic
7.14.1 Vibracoustic Automotive Suspension Spring Corporation Information
7.14.2 Vibracoustic Automotive Suspension Spring Product Portfolio
7.14.3 Vibracoustic Automotive Suspension Spring Production, Value, Price and Gross Margin (2018-2023)
7.14.4 Vibracoustic Main Business and Markets Served
7.14.5 Vibracoustic Recent Developments/Updates
7.15 Lesjöfors
7.15.1 Lesjöfors Automotive Suspension Spring Corporation Information
7.15.2 Lesjöfors Automotive Suspension Spring Product Portfolio
7.15.3 Lesjöfors Automotive Suspension Spring Production, Value, Price and Gross Margin (2018-2023)
7.15.4 Lesjöfors Main Business and Markets Served
7.15.5 Lesjöfors Recent Developments/Updates
7.16 Shandong Leopard
7.16.1 Shandong Leopard Automotive Suspension Spring Corporation Information
7.16.2 Shandong Leopard Automotive Suspension Spring Product Portfolio
7.16.3 Shandong Leopard Automotive Suspension Spring Production, Value, Price and Gross Margin (2018-2023)
7.16.4 Shandong Leopard Main Business and Markets Served
7.16.5 Shandong Leopard Recent Developments/Updates
7.17 KYB
7.17.1 KYB Automotive Suspension Spring Corporation Information
7.17.2 KYB Automotive Suspension Spring Product Portfolio
7.17.3 KYB Automotive Suspension Spring Production, Value, Price and Gross Margin (2018-2023)
7.17.4 KYB Main Business and Markets Served
7.17.5 KYB Recent Developments/Updates
7.18 Firestone
7.18.1 Firestone Automotive Suspension Spring Corporation Information
7.18.2 Firestone Automotive Suspension Spring Product Portfolio
7.18.3 Firestone Automotive Suspension Spring Production, Value, Price and Gross Margin (2018-2023)
7.18.4 Firestone Main Business and Markets Served
7.18.5 Firestone Recent Developments/Updates
7.19 Betts Spring
7.19.1 Betts Spring Automotive Suspension Spring Corporation Information
7.19.2 Betts Spring Automotive Suspension Spring Product Portfolio
7.19.3 Betts Spring Automotive Suspension Spring Production, Value, Price and Gross Margin (2018-2023)
7.19.4 Betts Spring Main Business and Markets Served
7.19.5 Betts Spring Recent Developments/Updates
7.20 Eibach
7.20.1 Eibach Automotive Suspension Spring Corporation Information
7.20.2 Eibach Automotive Suspension Spring Product Portfolio
7.20.3 Eibach Automotive Suspension Spring Production, Value, Price and Gross Margin (2018-2023)
7.20.4 Eibach Main Business and Markets Served
7.20.5 Eibach Recent Developments/Updates
7.21 Vikrant Auto
7.21.1 Vikrant Auto Automotive Suspension Spring Corporation Information
7.21.2 Vikrant Auto Automotive Suspension Spring Product Portfolio
7.21.3 Vikrant Auto Automotive Suspension Spring Production, Value, Price and Gross Margin (2018-2023)
7.21.4 Vikrant Auto Main Business and Markets Served
7.21.5 Vikrant Auto Recent Developments/Updates
7.22 Zhejiang Meili
7.22.1 Zhejiang Meili Automotive Suspension Spring Corporation Information
7.22.2 Zhejiang Meili Automotive Suspension Spring Product Portfolio
7.22.3 Zhejiang Meili Automotive Suspension Spring Production, Value, Price and Gross Margin (2018-2023)
7.22.4 Zhejiang Meili Main Business and Markets Served
7.22.5 Zhejiang Meili Recent Developments/Updates
7.23 Akar Tools
7.23.1 Akar Tools Automotive Suspension Spring Corporation Information
7.23.2 Akar Tools Automotive Suspension Spring Product Portfolio
7.23.3 Akar Tools Automotive Suspension Spring Production, Value, Price and Gross Margin (2018-2023)
7.23.4 Akar Tools Main Business and Markets Served
7.23.5 Akar Tools Recent Developments/Updates
7.24 BJ Spring
7.24.1 BJ Spring Automotive Suspension Spring Corporation Information
7.24.2 BJ Spring Automotive Suspension Spring Product Portfolio
7.24.3 BJ Spring Automotive Suspension Spring Production, Value, Price and Gross Margin (2018-2023)
7.24.4 BJ Spring Main Business and Markets Served
7.24.5 BJ Spring Recent Developments/Updates
Chapter 8 Industry Chain and Sales Channels Analysis
8.1 Automotive Suspension Spring Industry Chain Analysis
8.2 Automotive Suspension Spring Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Automotive Suspension Spring Production Mode & Process
8.4 Automotive Suspension Spring Sales and Marketing
8.4.1 Automotive Suspension Spring Sales Channels
8.4.2 Automotive Suspension Spring Distributors
8.5 Automotive Suspension Spring Customers
Chapter 9 Automotive Suspension Spring Market Dynamics
9.1 Automotive Suspension Spring Industry Trends
9.2 Automotive Suspension Spring Market Drivers
9.3 Automotive Suspension Spring Market Challenges
9.4 Automotive Suspension Spring Market Restraints
Chapter 10 Research Findings and Conclusion
Chapter 11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
