Automotive Leaf Spring Aftermarket

1. Presents a Research Report on Automotive Leaf Spring Aftermarket Automotive Leaf Spring Aftermarket by Vehicle Type (Passenger Car, LCV, M&HCV, and Others), by Spring Type (Parabolic Leaf Spring and Multi-Leaf Spring), by Location Type (Front Suspension and Rear Suspension), and by Region (North America, Europe, Asia-Pacific, and Rest of World) Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2019-2024 sales@stratviewresearch.com +1-313-307-4176 www.stratviewresearch.com Market Reports Advisory & Consulting Sourcing Intelligence

2. Automotive Leaf Spring Aftermarket Growth and Forecast Highlights & Drivers • 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 in the automotive industry. • 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 in the automotive industry. • Asia-Pacific is expected to remain the largest leaf spring aftermarket during the forecast period, owing to an increased vehicle production and growing fleet size, which, in turn, is driving the demand for leaf springs in the region over the next five years. • High penetration of leaf spring in the rear suspension of LCV, M&HCV, and trailers drives a higher replacement demand for leaf springs. Both front and rear leaf suspension are expected to experience similar growth rates with a marginal difference over the next five years.

3. Market Insights • By Vehicle Type • Medium- & Heavy-Duty Commercial Vehicle is expected to remain the growth engine of the aftermarket during the forecast period, owing to a higher penetration of leaf springs in the MHCV segment. • Also, there is a more frequent replacement of leaf springs in the vehicle type due to carrying higher loads. • By Spring Type • Multi-leaf spring is expected to remain the dominant spring type in the aftermarket during the forecast period. • Parabolic leaf spring is expected to experience a higher growth during the same period. • By Location Type • The rear suspension is expected to remain the most dominant segment of the aftermarket during the forecast period. • High penetration of leaf spring in the rear suspension of LCV, M&HCV, and trailers drives a higher replacement demand for leaf springs. • By Region • Asia-Pacific is expected to remain the largest leaf spring aftermarket during the forecast period. • China and India are the growth engines of the Asia-Pacific’s aftermarket for leaf springs.

4. Competitive Insights • Development of low-cost leaf springs and formation of strategic alliances with OEMs are the key strategies adopted by the key players to gain a competitive edge in the market. • Key Companies Analysed • Dongfeng Motor Suspension Spring Co., Ltd. • Emco Industries • FAW Group Corporation • Hendrickson International • Jamna Auto Industries • NHK Springs Co., Ltd. • Rassini

5. Data Analysis (Top Down and Bottom Up Approach) Research Methodology Data Triangulation (Data Evaluation and Multiple Data Triangulation) Final Deliverables (Final Report with All Findings) Stratview Research follows a rigorous methodology with high emphasis on primary research and multiple ways of data triangulation. We conduct primary research across the value chain to provide 360 degree view of the market. • Secondary Research • Stratview Research Internal Knowledgebase Primary Research • Annual Reports / Fact Book • Company Websites • Magazines / Publications • Press Releases & Journals • Industry News • Association Articles • Government Documents • Social Media • Others • Robust database across value chain • In-house industry veterans as advisors • Project based subject matter experts • Industry Players • Industry Experts • Suppliers • Customers • Associations • Government Institutions • Others

6. Report Features • This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report: • Market structure: Overview, industry life cycle analysis, supply chain analysis. • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis. • Market trend and forecast analysis. • Market segment trend and forecast. • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc. • Attractive market segments and associated growth opportunities. • Emerging trends. • Strategic growth opportunities for the existing and new players. • Key success factors.

7. Market Segmentation • By Vehicle Type • Passenger Car (Regional Analysis: North America, Europe, Asia-Pacific, and RoW) • Light Commercial Vehicle (Regional Analysis: North America, Europe, Asia-Pacific, and RoW) • Medium- & Heavy-Duty Commercial Vehicle (Regional Analysis: North America, Europe, Asia-Pacific, and RoW) • Other Vehicles (Regional Analysis: North America, Europe, Asia-Pacific, and RoW) • By Spring Type • Parabolic Leaf Spring (Regional Analysis: North America, Europe, Asia-Pacific, and RoW) • Multi-Leaf Spring (Regional Analysis: North America, Europe, Asia-Pacific, and RoW) • By Location Type • Front Suspension (Regional Analysis: North America, Europe, Asia-Pacific, and RoW) • Rear Suspension (Regional Analysis: North America, Europe, Asia-Pacific, and RoW) • By Region • North America (Country Analysis: The USA, Canada, and Mexico) • Europe (Country Analysis: Germany, France, The UK, Italy, Russia, and Rest of Europe) • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific) • Rest of the World (Country Analysis: Brazil, Argentina, and Others)

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