NEW YORK, November 28, 2022 /PRNewswire/ — Automotive Suspension Composite Components Market Trends, Opportunities and Forecast to 2027 by Component (Leaf Spring, Coil Spring and Stabilizer Bar), Vehicle (Car and Light Commercial Vehicle, Medium and Heavy Commercial Vehicle and Others) process (resin transfer molding, prepreg molding and compression molding) and region (North America, Europe, Asia Pacificand the rest of the world)
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Composite Automotive Suspension Components Market Trends and Forecast
The future of the automotive suspension composites market looks promising, with opportunities in the passenger car, light commercial vehicle, and medium and heavy commercial vehicle markets. The global automotive suspension composite components market is expected to reach an estimated 125.8 million dollars to 2027, with a CAGR of 9.4% from 2021 to 2027. The major drivers for this market are increasing automobile production and increasing demand for lightweight materials to achieve high fuel efficiency and reduce carbon emissions.
Emerging trends in the automotive suspension composite components market
Emerging trends that have a direct impact on industry dynamics include the development of CFRP leaf springs for heavy commercial vehicles.
Automotive Suspension Composite Components Market by Segment
The study includes trends and forecasts for the global automotive composite suspension components market by component, vehicle, process and region as follows:
Automotive Suspension Composites Market by End Use [Value ($M) and Volume (M lbs.) shipment analysis for 2016 — 2027]:
• Spring with leaves
• Coil spring
• Stabilizer bar
Composite Automotive Suspension Components Market by Vehicle Type [Value ($M) and Volume (M lbs.) shipment analysis for 2016 — 2027]:
• Car and light commercial vehicle
• Medium and heavy commercial vehicles
• Other
Automotive Composite Suspension Components Market by Process [Value ($M) and Volume (M lbs.) shipment analysis for 2016 — 2027]:
• Resin transfer casting
• Prepreg Lay Up
• Compression molding
Automotive Composite Suspension Components Market by Region [Value ($M) and Volume (M lbs.) shipment analysis for 2016 — 2027]:
• North America
• Europe
• Asia Pacific
• The rest of the world
List of automotive composite suspension component companies
The companies on the market compete based on the quality of the product offered. Major players in this market are focusing on expanding manufacturing facilities, investing in R&D, developing infrastructure, and capitalizing on integration opportunities along the value chain. With these strategies, automotive composite suspension component companies respond to growing demand, ensure competitive efficiency, develop innovative products and technologies, reduce production costs, and expand their customer base. Some of the Automotive Composite Suspension Component companies profiled in this report include.
• Liteflex.
• Sogefi Group
• Mubea Fahrwerkstechnologien
• IFA Composite
• Hendrickson
• Benteler
• Hyperco
• ARC Industries
Automotive Suspension Composite Components Market Outlook
• The analyst estimates that passenger cars and light commercial vehicles will remain the largest and witness the highest growth during the forecast period due to the increasing penetration of composite leaf springs to reduce vehicle weight.
• Leaf springs will remain the largest segment and witness the highest growth during the forecast period as composite leaf springs are lighter in weight and offer better durability compared to steel springs.
• Europe will remain the largest region by value and volume during the forecast period due to stringent government regulations to increase fuel efficiency and reduce carbon emissions.
Characteristics of the Automotive Composite Suspension Components Market
• Market Size Estimates: Automotive Suspension Composite Components market size estimation in terms of value (M$)
• Trend and Forecast Analysis: Market trends (2016-2021) and forecasts (2022-2027) by various segments and regions.
• Segmentation Analysis: Market size by component, vehicle, process and region
• Regional Analysis: Automotive Composite Suspension Components Market Breakdown by North America, Europe, Asia Pacificand the rest of the world.
• Growth Opportunities: Analysis of growth opportunities in different end-use industries, product type and regions for Automotive Composite Suspension Components market.
• Strategic Analysis: This includes mergers and acquisitions, new product development, and the competitive landscape for the Automotive Composite Suspension Components market.
• Analysis of the competitive intensity of the industry based on Porter’s five forces model.
FAQ
Q1. What is the market size of the Automotive Composite Suspension Components market?
Answer: The global automotive suspension composites market is expected to reach an est 125.8 million dollars until 2027.
Q2. What is the growth forecast for the Automotive Composite Suspension Components market?
Answer: The automotive suspension composite components market is expected to grow at a CAGR of 9.4% from 2021 to 2027.
Q3. What are the key factors influencing the growth of the Automotive Suspension Composite Components market?
Answer: The major drivers for this market are increasing automobile production and increasing demand for lightweight materials to achieve high fuel efficiency and reduce carbon emissions.
Q4. What are the major applications or end-use industries for Automotive Suspension Composite Components?
Answer: Passenger cars, light commercial vehicles, and medium and heavy commercial vehicles are the primary end-use industries for automotive composite suspension components.
Q5. What are the emerging trends in the Automotive Composite Suspension Components market?
Answer: Emerging trends, which have a direct impact on industry dynamics,direct impact on industry dynamics, include the development of CFRP springs for heavy commercial vehicles.
Q6. Who are the key companies of Automotive Composite Suspension Components?
Answer: Some of the key companies of automotive composite suspension components are as follows:
• Liteflex. SRL
• Sogefi Group
• Mubea Fahrwerkstechnologien
• IFA Composite
• Hendrickson
• Benteler-SGL
• Hyperco Inc.
• ARC Industries
Q7.
Which automotive suspension composite components segment will be the largest in the future?
Answer: The analyst estimates that leaf springs will remain the largest segment and witness the highest growth during the forecast period as composite leaf springs are lighter in weight and offer better durability compared to steel springs.
Q8: In the Automotive Composite Suspension Components market, which region is expected to be the largest in the next 5 years?
Answer: Europe is expected to remain the largest region and experience the highest growth over the next 5 years.
Q9. Are we getting personalization in this report?
Answer: Yes, the analyst offers 10% customization at no additional cost.
This report answers the following 11 key questions
Q.1 What are some of the most promising potential and growth opportunities for the global automotive suspension composite components market by component (leaf spring, coil spring and stabilizer bar), vehicle (car and light commercial vehicle, medium and heavy commercial vehicle and others) process (resin transfer molding, prepreg molding and compression molding) and region (North America, Europe, Asia Pacificand the rest of the world)?
Q. 2 Which segments will grow at a faster rate and why?
Q.3 Which regions will grow at a faster rate and why?
Q.4 What are the key factors affecting market dynamics? What are the causes and challenges of the market?
Q.5 What are the commercial risks and threats to the market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are the changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are driving these developments?
Q.9 Who are the main players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this field and how much of a threat do they pose to losing market share through material or product substitution?
Q.11 What M&A activities have taken place in the last 5 years in this market?
For any questions related to Automotive Composite Suspension Components market or Automotive Composite Suspension Components market share, Automotive Composite Suspension Components market analysis and Automotive Composite Suspension Components market size, write to Lucintel analysts at [email protected]. We will be happy to get back to you soon.
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