Automotive Composite Leaf Springs Market Research Report, 2017 – 2024
Get More Information @ http://bit.ly/2uYl7r6 Automotive Composite Leaf Springs Market size will witness a noticeable growth owing to production of light, medium and commercial vehicles.
Get More Information @ http://bit.ly/2uYl7r6
Automotive Composite Leaf Springs Market size will witness a noticeable growth owing to production of light, medium and commercial vehicles.
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<strong>Automotive</strong> <strong>Composite</strong> <strong>Leaf</strong> <strong>Springs</strong> <strong>Market</strong> <strong>Report</strong>,<br />
<strong>2017</strong> <strong>–</strong> <strong>2024</strong>: Global <strong>Market</strong> Insights Inc.<br />
A new report covers <strong>Automotive</strong> <strong>Composite</strong> <strong>Leaf</strong> <strong>Springs</strong> <strong>Market</strong> outlook providing<br />
historical facts, current status and future development trends information along with<br />
data on leading players and regions. The product is an arch shaped steel of<br />
rectangular cross section and eliminating need for trailing arms and pan hard rod. Its<br />
heavy usage in commercial vehicle and railway carriage has influenced growth of<br />
product.<br />
Global commercial vehicle industry will grow at over 3% in the forecast time. With<br />
increasing transportation through roads has influenced product demand. Trucks,<br />
vans and SUV’s are widely used to carry passengers and goods. The product<br />
absorbs vertical variation caused by irregularities in the road, its high strength to<br />
weight ratio, fatigue resistance and natural frequency has mandated its use in<br />
commercial vehicles.<br />
Increasing demand for SUV’s, higher ground clearance, softer ride, increasing off<br />
road capacity and higher seating position will propel product demand. SUV is a blend<br />
of car, power and functionality of utility vehicle, offers more space, comfortable seats<br />
and attractive appearance. Diverse features and various characteristics drives<br />
demand for SUV in industry growth.<br />
Bifurcation in automotive composite leaf springs market on the basis of its type<br />
includes transversal and longitudinal. It is extensively used in various automobile<br />
sectors such as light and heavy commercial vehicles and railways. Light commercial<br />
vehicle will account for more market share. Based on spring include mono and multi<br />
leaf spring. Manufacturing process involves division into shot peening, and prepreg<br />
layup. Its area of application includes vans, trucks, SUV’s and rail carriage.<br />
Europe is highly prosperous region for the product, it manufacturers highest number<br />
of trucks in the world. It hosts many big truck manufacturing companies such as<br />
Mercedes, Invesco and Grebe. Its main focus in on manufacturing good quality<br />
product that are efficient, secure and environment friendly. With increasing demand<br />
and manufacturing of trucks, automotive composite leaf springs market will<br />
simultaneously growing.<br />
Prominent players of automotive composite leaf springs market are LiteFlex, IFC,<br />
Benteler SGL, Mubea, Flex Form, ARC, Hyper Co, Hendrickson, Rassini and<br />
Pontiac Ventura.<br />
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In <strong>2017</strong> Benteler SGL partners with Henkel to produce the component for Volvo. The<br />
aim of merger was to provide composite and light weight technology for three Volvo<br />
models. This cooperation was further facilitated with the opening of Henkel’s lab<br />
state of the art test facility in Germany where automobile customers can work with<br />
the company experts to develop and test parts and can also optimize production<br />
process conditions.<br />
Browse Related <strong>Report</strong>:<br />
<strong>Automotive</strong> Wheel <strong>Market</strong> Size By Material (Aluminum, Steel, Magnesium,<br />
Carbon Fiber), By Product (Regular, High Performance), By End-Use (OEM,<br />
Aftermarket), By Vehicle (Passenger Cars, Lightweight Commercial Vehicles,<br />
Heavy Trucks, Buses & Coaches, Trailers), Industry Analysis <strong>Report</strong>,<br />
Regional Outlook, Application Potential, Price Trend, Competitive <strong>Market</strong><br />
Share & Forecast, <strong>2017</strong> <strong>–</strong> <strong>2024</strong><br />
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Global <strong>Market</strong> Insights, Inc., headquartered in Delaware, U.S., is a global market<br />
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