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(Transportation-News.com, December 21, 2018 )
Stratview Research has published a new research report on Automotive Composite Suspension Components Market. This extensive 215-page report by Stratview Research analyses the growth of Automotive Composite Suspension Components Market over the trend period of 2012 to 2017 and forecast period of 2018 to 2023 under the following segments -
• By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium- & Heavy-Duty Commercial Vehicle, others)
• By Component Type (Coil Springs, Leaf Springs, Stabilizer Bar, Suspension Arm, Others)
• By Manufacturing Process Type (Compression Molding Process, HP-RTM Process, Prepreg Layup Process, Other Processes)
• By Region (North America, Europe, Asia-Pacific, Rest of the World)
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Increasing usage of composites in automotive suspension components
The global automotive composite suspension components market is still at a nascent stage but possesses significant growth potential over the next five years to reach US$ 100 million in 2023. Organic growth of automobile production, growing preference for composite components in passenger and light commercial vehicles, development of new composite suspension applications, advancement in composites technology, and stringent government regulations regarding fuel efficiency and carbon emission reductions are the major factors that are burgeoning the demand for composite suspension components in the automotive industry.
Composite suspension components offer several benefits over steel components, such as lightweight, high durability, better vibration energy absorption, and excellent fatigue resistance. For example; composite leaf spring is up to five times more durable than that of similarly sized steel leaf springs at just the 1/7th weight.
Composite leaf spring expected to remain the largest segment
The global automotive composite suspension components market is segmented based on component type as Leaf Spring, Coil Spring, Suspension Arm, Stabilizer Bar, and Other Components. Composite leaf spring is expected to remain the largest segment of the market during the forecast period. Composite leaf springs are mainly used in passenger cars and light commercial vehicles.
Top market players
The supply chain of this market comprises raw material suppliers, composite component manufacturers, OEMs, distributors, and end users. The global automotive composite suspension components market is highly consolidated with the presence of a dozen of global players. The key players are Liteflex LLC, IFC Composite GmbH, Benteler-SGL, and Sogefi Group. New product development, capacity expansion, and process optimization are the key strategies adopted by the major players to gain a competitive edge in the market.
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Stratview Research
Ritesh Gandecha
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Source: EmailWire.Com 
Source: EmailWire.com
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