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The objective of the Automotive Leaf Spring After Market report is to offer updated information such as the market share, size, trends, emerging markets, earnings, forecasts, and data on leading industry players. This study includes significant and vital information necessary for strategic decision making and have a competitive edge.
In view with the current pandemic analysts at Stratview Research has thoroughly analyzed and presented the following parameters under the detailed Covid – 19 impact analysis in the Automotive Leaf Spring After Market.
Market Insights – The Automotive Leaf Spring After Market is projected to grow from USD 6.36 billion in 2022 to USD 8.69 billion by 2028 at a CAGR of over 5.3% during the forecast period.
Few key players operating in the Automotive Leaf Spring After Market are-
• Dongfeng Motor Suspension Spring Co., Ltd.
• Emco Industries
• FAW Group Corporation
• Hendrickson International
• Jamna Auto Industries
• NHK Springs Co., Ltd.
• Rassini
Growth drivers and Market Value:
This report, from Stratview Research, studies the Automotive Leaf spring aftermarket value and growth drivers over the trend period of 2019-24. According to the report -
Leaf spring is one of the oldest suspension components and is still being preferred in most of the LCVs and MHCVs. The automotive industry has witnessed a remarkable transition in the leaf spring technology, material, style, design, etc. over a period of time. There are countless styles of leaf-spring suspension available worldwide featuring different mounting points, shapes, and sizes. Leaf spring has to be replaced frequently, generally in 9-12 months, due to the damages like sag, break, and crack, caused by several factors including uneven road and excess load on the vehicle.
Segment Analysis:
Based on by Vehicle Type:
The leaf spring aftermarket is segmented based on the vehicle type as Passenger Car, LCV, M&HCV, and Other Vehicles. M&HCV is expected to remain the growth engine of the aftermarket during the forecast period owing to a higher penetration of leaf springs in the segment. Also, there is a frequent replacement of leaf springs in M&HCV due to higher loads carried by the vehicle.
Based on Regional:
In terms of region, Asia-Pacific is expected to remain the largest leaf spring aftermarket with an impressive CAGR during the forecast period. An increased vehicle production and growing fleet size would drive the demand for leaf springs in the region over the next five years. China and India are the growth engines of the Asia-Pacific’s aftermarket for leaf springs.
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Critical Questions Answered in the Report
l What are the key trends in the global Automotive Leaf Spring After Market?
l How the Automotive Leaf Spring After Market (and its various sub-segments) has grown in the last five years?
l What would be the growth driver and growth rate in next five years?
l What is the impact of COVID-19 on the Automotive Leaf Spring After Market?
l What are the key strategies adopted by the major vendors to lead in the Automotive Leaf Spring After Market?
l What is the market share of the key players?
Target Audience
The following is a list of the customers that the Automotive Leaf Spring After Market aims to convert the most:
l Manufacturing Organizations
l Distributors & Suppliers
l Potential Investors
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