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(Transportation-News.com, March 02, 2019 )
As per the latest market intelligence report published by Stratview Research, the Automotive Composite Leaf Springs Market is anticipated to reach at US$ 86.6 million by 2023.
The research studies Automotive Composite Leaf Springs Market in the trend period of 2012 to 2017 and forecasted period of 2018 to 2023 under five segments by Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium- & Heavy-Duty Vehicle, and Others), by Installation Type (Transversal and Longitudinal), by Location Type (Front and Rear), by Manufacturing Process Type (Compression Molding, High-Pressure Resin Transfer Molding, and Prepreg Layup), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2018-2023
The study finds –
Europe is expected to remain the largest market for composite leaf springs in the automotive industry over the next five years, driven by increasing usage of composite leaf springs in the light commercial vehicles and passenger cars.
HP-RTM is likely to be the most dominant process in the market during the forecast period. The process type is also likely to witness the highest growth during the same period as well.
Light commercial vehicle (LCV) is the expected to remain the growth engine of the global automotive composite leaf springs market during the forecast period.
Click here to read the detailed description: https://www.stratviewresearch.com/181/automotive-composite-leaf-springs-market.html
Go through the TOC: https://www.stratviewresearch.com/toc/181/automotive-composite-leaf-springs-market.html
Composite Leaf Springs Market in the Automotive Industry: Highlights
The global automotive composite leaf spring is a niche market and currently represents less than 1% of the total automotive leaf springs (metals + composites) market. It is likely to remain niche in the foreseeable future but possesses significant growth potential in the coming years. It is forecasted to grow at an attractive rate over the next five years to reach US$ 86.6 million in 2023. Increasing automobile production, an increasing demand for lightweight leaf springs to achieve stringent government regulations of many countries, such as CAFÉ Standards, and the market entry of new players targeting local markets are the major factors that are proliferating the growth of the composite leaf springs market in the automotive industry.
About Stratview Research
Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making.
Stratview Research
Ritesh Gandecha
+1-313-307-4176
sales@stratviewresearch.com
Source: EmailWire.Com 
Source: EmailWire.com
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