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(Transportation-News.com, December 14, 2018 )
Stratview Research announces the launch of a new research report on Automotive Leaf Spring Aftermarket. This 205-page extensive report from Stratview Research, studies Automotive Leaf Spring Aftermarket 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 Leaf Spring Aftermarket 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- and Heavy-Duty Commercial Vehicle)- M&HCV is expected to remain the growth engine of the aftermarket.
• By Spring Type (Parabolic Leaf Spring, Multi-Leaf Spring)- Multi-leaf spring is expected to remain the dominant spring type in the aftermarket.
• By Location Type (Front Suspension, Rear Suspension)- Rear suspension is expected to remain the most dominant segment.
• By Region (North America, Europe, Asia-Pacific, Rest of the World)- Asia-Pacific is expected to remain the largest leaf spring aftermarket.
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Automotive Leaf Spring Aftermarket Insights
The global automotive leaf spring aftermarket is likely to witness a healthy growth rate over the next five years to reach an estimated value of US$ 1,998.8 million in 2024. Increasing automotive fleet size is the key driver of the leaf spring aftermarket demand. Organic growth in automobile production owing to increasing disposable income and growing urbanization, is also imprinting a positive impact on the future demand for leaf springs in the aftermarket segment.
The global automotive leaf spring aftermarket is highly fragmented with the presence of many global as well as regional players. The automotive OE market for leaf spring is relatively consolidated with the presence of fewer regional players. The supply chain of this market comprises raw material suppliers, leaf spring manufacturers, automotive OEMs, distributors, and dealers. The key automotive leaf spring suppliers for the aftermarket are Hendrickson International, NHK Springs Co., Ltd., Jamna Auto Industries, Rassini, and Dongfeng Motor Suspension Spring Co., Ltd. These companies are also present in the OE segment. Development of low-cost leaf springs and formation of strategic alliances with OEMs 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
+1-313-307-4176
sales@stratviewresearch.com
Source: EmailWire.Com 
Source: EmailWire.com
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