Automobile Spring Market
Automobile Spring Market Global Industry Assessment & Forecast
#
Pages:
151
2021
Nov - 2021
VMR-2021-0572
Segments Covered
By
Spring Type Coil spring, Leaf spring, Balance spring, Flat spring, Others
-
By
Application Air bags, Seat belts, Suspension, Fuel injection, Clutch, Valve, Others
-
By
Vehicle Type PCV, LCV, HCV
Snapshot
 Forecast
Years:
|
2021 - 2028 |
 Historical
Years:
|
2016 - 2020 |
 Revenue
2021: |
17.19 Billion |
 Revenue 2028:
|
22.53 Billion |
 Revenue CAGR
(2021 - 2028): |
3.41% |
Fastest Growing Region (2022 -
2028)
|
Asia Pacific |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
Spring Type
Analysis: Preview On the basis of Spring Type,
the market is segmented into Coil spring, Leaf spring, Balance spring, Flat spring, Others. Coil springs held the highest
share in the global Automobile Spring
market and is projected to witness the same trend during the forecast
period. Companies in this
sector are opting to advanced technologies in their supply chain to cater the
end user requirements effectively. Application
Analysis: Preview
Based on Application,
the market is segmented into Air bags, Seat belts, Suspension, Fuel injection, Clutch, Valve, Others. Suspension accounted
for the highest market share and is expected to grow at a significant CAGR from
2021 to 2028.
Global Automobile Spring Market: Spring Type Segment Analysis
-
- Coil spring
- Leaf spring
- Balance spring
- Flat spring
- Others
Global Automobile Spring Market: Application Segment Analysis
-
- Air bags
- Seat belts
- Suspension
- Fuel injection
- Clutch
- Valve
- Others
Global Automobile Spring Market: Vehicle Type Segment Analysis
-
- PCV
- LCV
- HCV
FAQ
Frequently Asked Question
What is the global demand for Automobile Spring in terms of revenue?
-
The global Automobile Spring valued at 17.19 Billion in 2020 and is expected to reach 22.53 Billion in 2028 growing at a CAGR of 3.41%%.
Which are the prominent players in the market?
-
The prominent players in the market are Zibo Yameng, Guangzhou Huade, NHK, Shandong Autumotive Spring, Daewon Kangup, Xinxiang Huihuang, Shanghai Spring, CHKK, Tianjin Lizhou, Zhejiang Meili, Scherdel, Aunde, Tongwei Jinmi, Ningguo Hongqiao, Henan Changtong, Sogefi, Delphi, Muhr&Bender..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 3.41%% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
-
The driving factors of the Automobile Spring include
- The increasing demand for passenger vehicles in developing countries is expected to augment the demand for automotive spring market. This is owing to the increase in disposable income and increase in demand for luxury and comfort. High quality products allow vehicle to run efficiently thereby decreasing fuel consumption and deliver enhanced driving experience to the consumers and hence is expected to fuel the growth of the automotive spring market.
- The rising vehicle sale across the globe is anticipated to augment the growth of the automotive spring market during the forecast period. This is owing to the rapid urbanization, industrialization, rising disposable income of the consumers, and advancement of technologies. Furthermore, the adoption of personal vehicles has also increased the global sales of automobiles which is in turn expected to support the growth of the automotive filter market in the forecast period.
Which region accounted for the largest share in the market?
-
Asia Pacific was the leading regional segment of the Automobile Spring in 2020.
