PUBLISHER: Lucintel | PRODUCT CODE: 1153888
PUBLISHER: Lucintel | PRODUCT CODE: 1153888
Automotive Composite Suspension Components Market Trends and Forecast
The future of the automotive composite suspension components market looks promising with opportunities in the markets of passenger cars, light commercial vehicles, and medium & heavy commercial vehicles market. The global automotive composite suspension components market is expected to reach an estimated $125.8 million by 2027 with a CAGR of 9.4% from 2021 to 2027. The major drivers for this market are growth in automotive production and increasing demand for lightweight materials to achieve high fuel efficiency and reduce carbon emissions.
Emerging Trends in the Automotive Composite Suspension Components Market
Emerging trends, which have a direct impact on the dynamics of the industry, includes development of CFRP leaf springs for heavy commercial vehicles.
A total of 98 figures / charts and 60 tables are provided in this 168-page report to help in your business decisions. Learn the scope of benefits, companies researched, and other details of the automotive composite suspension components market report.
Automotive Composite Suspension Components Market by Segment
Automotive Composite Suspension Components Market by End Use [Value ($M) and Volume (M lbs.) shipment analysis for 2016 - 2027]:
Automotive Composite Suspension Components Market by Vehicle Type [Value ($M) and Volume (M lbs.) shipment analysis for 2016 - 2027]:
Automotive Composite Suspension Components Market by Process [Value ($M) and Volume (M lbs.) shipment analysis for 2016 - 2027]:
Automotive Composite Suspension Components Market by Region [Value ($M) and Volume (M lbs.) shipment analysis for 2016 - 2027]:
List of Automotive Composite Suspension Components Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies automotive composite suspension components companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the automotive composite suspension components companies profiled in this report include.
Automotive Composite Suspension Components Market Insight
Features of Automotive Composite Suspension Components Market
FAQ
Q1. What is the automotive composite suspension components market size?
Answer: The global automotive composite suspension components market is expected to reach an estimated $125.8 million by 2027.
Q2. What is the growth forecast for automotive composite suspension components market?
Answer: The automotive composite suspension components market is expected to grow at a CAGR of 9.4% from 2021 to 2027.
Q3. What are the major drivers influencing the growth of the automotive composite suspension components market?
Answer: The major drivers for this market are growth in automotive production and increasing demand for lightweight materials to achieve high fuel efficiency and reduce carbon emissions.
Q4. What are the major applications or end use industries for automotive composite suspension components?
Answer: Passenger cars, light commercial vehicles, and medium & heavy commercial vehicles are the major end use industries for automotive composite suspension components.
Q5. What are the emerging trends in automotive composite suspension components market?
Answer: Emerging trends, which have a direct impact on the dynamics of the industry, direct impact on the dynamics of the industry, includes development of CFRP leafsprings for heavy commercial vehicles.
Q6. Who are the key automotive composite suspension components companies?
Answer: Some of the key automotive composite suspension components companies are as follows:
Q7. Which automotive composite suspension components segment will be the largest in future?
Answer: Lucintel forecasts that leaf springs will remain the largest segment and witness the highest growth over the forecast period because composite leaf springs are lighter weight and offer better durability compared to steel springs
Q8 : In automotive composite suspension components market, which region is expected to be the largest in next 5 years?
Answer: Europe is expected to remain the largest region and witness the highest growth over next 5 years.
Q9. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.