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(Transportation-News.com, December 11, 2018 ) Stratview Research announces the launch of a new research report on Automotive Composite Suspension Components Market. This 215 page extensive report from Stratview Research, studies the Automotive Composite Suspension Components Market over the trend period of 2012 to 2017 and forecast period of 2018 to 2023. The report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
This Automotive Composite Suspension Components Market analysis has been segmented in four ways, keeping in mind the interest of all the stakeholders across the value chain. • By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium- & Heavy-Duty Commercial Vehicle,others) - Passenger car segment is projected to witness the highest growth . • By Component Type (Coil Springs, Leaf Springs, Stabilizer Bar, Suspension Arm, Others) - Composite leaf spring is expected to remain the largest segment. • 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) - Europe is expected to remain the largest market for composite suspension components in the automotive industry.
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Automotive Composite Suspension Components Market: Highlights
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.
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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Ritesh Gandecha
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Source: EmailWire.Com
Source: EmailWire.com
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