Global Suspension Spring Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast 2023 to 2030

List of Tables

The global demand for Suspension Spring Market is presumed to reach the market size of nearly USD 13.96 BN by 2030 from USD 8.45 BN in 2022 with a CAGR of 6.48% under the study period 2023 - 2030.

A suspension spring is a component used in vehicles, machinery, or other mechanical systems to absorb shocks, support loads, and provide a smoother ride or operation. It's a crucial part of a vehicle's suspension system, responsible for maintaining contact between the wheels and the road surface while absorbing shocks and vibrations.

MARKET DYNAMICS

Primarily, the growth of the automotive industry drives demand, as increasing vehicle production necessitates suspension components like springs. Vehicle design trends, including the popularity of SUVs, crossovers, and electric vehicles, dictate specific suspension system requirements, impacting the demand for varied types of suspension springs. Consumer demands for enhanced ride comfort and superior handling capabilities stimulate innovation in suspension systems, prompting the need for advanced suspension spring technologies. Technological advancements in materials and manufacturing led to the development of lighter, more durable, and high-performance springs, influencing market preferences. Safety regulations play a crucial role, compelling the adoption of sophisticated suspension systems thus affecting the demand for high-quality suspension springs. Additionally, the aftermarket demand for replacements or upgrades of suspension components in existing vehicles contributes to the market. Economic conditions, environmental concerns, and shifts toward sustainability also shape the development and use of suspension springs. The market's evolution closely mirrors advancements in automotive technology, consumer demands, and regulatory landscapes.

The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of suspension spring. The growth and trends of suspension spring industry provide a holistic approach to this study.

MARKET SEGMENTATION

This section of the suspension spring market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.

By Type

Coil Springs
Leaf Springs
Air Springs
Torsion Bars
Progressive Springs
Others Suspension Springs

By Vehicle Type

Passenger Cars
Commercial Vehicles
Off-Road Vehicles
Other Vehicle Types

By End-Use Industry

Automotive
Aerospace
Railway
Other End-Use Industries

REGIONAL ANALYSIS

This section covers the regional outlook, which accentuates current and future demand for the Suspension Spring market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.

The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Suspension Spring market include Pro Tenneco Inc., ZF Friedrichshafen AG, Sogefi S.p.A., NHK Spring Co. Ltd., Mubea Automotive Group, MW Industries Inc., Betts Spring Manufacturing, Jamna Auto Industries Ltd., Hendrickson International Corporation, Lesjofors AB., and others. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.

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Product Code: VMR112112962

1 . PREFACE

1.1. Report Description
- 1.1.1. Objective
- 1.1.2. Target Audience
- 1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
- 1.3.1. Market Research Process
- 1.3.2. Market Research Methodology

2 . EXECUTIVE SUMMARY

2.1. Highlights of Market
2.2. Global Market Snapshot

3 . SUSPENSION SPRING - INDUSTRY ANALYSIS

3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter's Five Force Analysis
3.7. Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Type
- 3.7.2 Market Attractiveness Analysis By Vehicle Type
- 3.7.3 Market Attractiveness Analysis By End-Use Industry
- 3.7.4 Market Attractiveness Analysis By Region

4 . VALUE CHAIN ANALYSIS

4.1. Value Chain Analysis
4.2. Raw Material Analysis
- 4.2.1. List of Raw Materials
- 4.2.2. Raw Material Manufactures List
- 4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
- 4.4.1. Direct Marketing
- 4.4.2. Indirect Marketing
- 4.4.3. Marketing Channel Development Trend

5 . GLOBAL SUSPENSION SPRING MARKET ANALYSIS BY TYPE

5.1 Overview by Type
5.2 Historical and Forecast Data
5.3 Analysis by Type
5.4 Coil Springs Historic and Forecast Sales by Regions
5.5 Leaf Springs Historic and Forecast Sales by Regions
5.6 Air Springs Historic and Forecast Sales by Regions
5.7 Torsion Bars Historic and Forecast Sales by Regions
5.8 Progressive Springs Historic and Forecast Sales by Regions
5.9 Others Suspension Springs Historic and Forecast Sales by Regions

6 . GLOBAL SUSPENSION SPRING MARKET ANALYSIS BY VEHICLE TYPE

6.1 Overview by Vehicle Type
6.2 Historical and Forecast Data
6.3 Analysis by Vehicle Type
6.4 Passenger Cars Historic and Forecast Sales by Regions
6.5 Commercial Vehicles Historic and Forecast Sales by Regions
6.6 Off-Road Vehicles Historic and Forecast Sales by Regions
6.7 Other Vehicle Types Historic and Forecast Sales by Regions

7 . GLOBAL SUSPENSION SPRING MARKET ANALYSIS BY END-USE INDUSTRY

7.1 Overview by End-Use Industry
7.2 Historical and Forecast Data
7.3 Analysis by End-Use Industry
7.4 Automotive Historic and Forecast Sales by Regions
7.5 Aerospace Historic and Forecast Sales by Regions
7.6 Railway Historic and Forecast Sales by Regions
7.7 Other End-Use Industries Historic and Forecast Sales by Regions

8 . GLOBAL SUSPENSION SPRING MARKET ANALYSIS BY GEOGRAPHY

8.1. Regional Outlook
8.2. Introduction
8.3. North America Sales Analysis
- 8.3.1. Overview, Historic and Forecast Data Sales Analysis
- 8.3.2. North America By Segment Sales Analysis
- 8.3.3. North America By Country Sales Analysis
- 8.3.4. United State Sales Analysis
- 8.3.5. Canada Sales Analysis
- 8.3.6. Mexico Sales Analysis
8.4. Europe Sales Analysis
- 8.4.1. Overview, Historic and Forecast Data Sales Analysis
- 8.4.2. Europe by Segment Sales Analysis
- 8.4.3. Europe by Country Sales Analysis
- 8.4.4. United Kingdom Sales Analysis
- 8.4.5. France Sales Analysis
- 8.4.6. Germany Sales Analysis
- 8.4.7. Italy Sales Analysis
- 8.4.8. Russia Sales Analysis
- 8.4.9. Rest Of Europe Sales Analysis
8.5. Asia Pacific Sales Analysis
- 8.5.1. Overview, Historic and Forecast Data Sales Analysis
- 8.5.2. Asia Pacific by Segment Sales Analysis
- 8.5.3. Asia Pacific by Country Sales Analysis
- 8.5.4. China Sales Analysis
- 8.5.5. India Sales Analysis
- 8.5.6. Japan Sales Analysis
- 8.5.7. South Korea Sales Analysis
- 8.5.8. Australia Sales Analysis
- 8.5.9. South East Asia Sales Analysis
- 8.5.10. Rest Of Asia Pacific Sales Analysis
8.6. Latin America Sales Analysis
- 8.6.1. Overview, Historic and Forecast Data Sales Analysis
- 8.6.2. Latin America by Segment Sales Analysis
- 8.6.3. Latin America by Country Sales Analysis
- 8.6.4. Brazil Sales Analysis
- 8.6.5. Argentina Sales Analysis
- 8.6.6. Peru Sales Analysis
- 8.6.7. Chile Sales Analysis
- 8.6.8. Rest of Latin America Sales Analysis
8.7. Middle East & Africa Sales Analysis
- 8.7.1. Overview, Historic and Forecast Data Sales Analysis
- 8.7.2. Middle East & Africa by Segment Sales Analysis
- 8.7.3. Middle East & Africa by Country Sales Analysis
- 8.7.4. Saudi Arabia Sales Analysis
- 8.7.5. UAE Sales Analysis
- 8.7.6. Israel Sales Analysis
- 8.7.7. South Africa Sales Analysis
- 8.7.8. Rest Of Middle East And Africa Sales Analysis

9 . COMPETITIVE LANDSCAPE OF THE SUSPENSION SPRING COMPANIES

9.1. Suspension Spring Market Competition
9.2. Partnership/Collaboration/Agreement
9.3. Merger And Acquisitions
9.4. New Product Launch
9.5. Other Developments

10 . COMPANY PROFILES OF SUSPENSION SPRING INDUSTRY

10.1. Company Share Analysis
10.2. Market Concentration Rate
10.3. Pro Tenneco Inc.
- 10.3.1. Company Overview
- 10.3.2. Company Revenue
- 10.3.3. Products
- 10.3.4. Recent Developments
10.4. ZF Friedrichshafen AG
- 10.4.1. Company Overview
- 10.4.2. Company Revenue
- 10.4.3. Products
- 10.4.4. Recent Developments
10.5. Sogefi S.p.A.
- 10.5.1. Company Overview
- 10.5.2. Company Revenue
- 10.5.3. Products
- 10.5.4. Recent Developments
10.6. NHK Spring Co. Ltd.
- 10.6.1. Company Overview
- 10.6.2. Company Revenue
- 10.6.3. Products
- 10.6.4. Recent Developments
10.7. Mubea Automotive Group
- 10.7.1. Company Overview
- 10.7.2. Company Revenue
- 10.7.3. Products
- 10.7.4. Recent Developments
10.8. MW Industries Inc.
- 10.8.1. Company Overview
- 10.8.2. Company Revenue
- 10.8.3. Products
- 10.8.4. Recent Developments
10.9. Betts Spring Manufacturing
- 10.9.1. Company Overview
- 10.9.2. Company Revenue
- 10.9.3. Products
- 10.9.4. Recent Developments
10.10. Jamna Auto Industries Ltd.
- 10.10.1. Company Overview
- 10.10.2. Company Revenue
- 10.10.3. Products
- 10.10.4. Recent Developments
10.11. Hendrickson International Corporation
- 10.11.1. Company Overview
- 10.11.2. Company Revenue
- 10.11.3. Products
- 10.11.4. Recent Developments
10.12. Lesjofors AB.
- 10.12.1. Company Overview
- 10.12.2. Company Revenue
- 10.12.3. Products
- 10.12.4. Recent Developments
10.13. Others
- 10.13.1. Company Overview
- 10.13.2. Company Revenue
- 10.13.3. Products
- 10.13.4. Recent Developments

Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies