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Automotive Coil Spring - Global Market Outlook (2019-2027)

Automotive Coil Spring - Global Market Outlook (2019-2027)

4.4 (66 reviews)
Published: July 2020 ID: SMRC19640
4.4 (66 reviews)
Published: July 2020 ID: SMRC19640

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Automotive Coil Spring Market is accounted for $7.04 billion in 2019 and is expected to reach $12.09 billion by 2027 growing at a CAGR of 7.0% during the forecast period. Some of the key factors propelling the market growth are the rising number of heavyweight trucks, rise in disposable income of people, and increased popularity of helical springs. However, the corrosion associated with the product is the restraining factor for the growth of the market.

An automotive coil spring is a type of spring that is generally used for the suspension purposes in wheeled vehicles. Coil springs absorb shocks and release it after a particular time. It also maintains the force between two contacting surfaces and makes sufficient gap between them. Coil springs find application as torsion springs and they are formed by winding wire on the periphery of the cylinder. 

By application, the commercial vehicle segment is expected to grow at a significant market share during the forecast period owing to an increase in penetration of coil springs in commercial vehicles. Based on geography, Asia Pacific is anticipated to hold considerable market share during the forecast period due to the high production of vehicles in the region and demand for a higher amount of automotive components.

Some of the key players in Automotive Coil Spring Market include Hendrickson, Clifford Springs Ltd, Soni Auto & Allied Industries Ltd, Kilen Springs, Aniceto Gomez SA, Lesjöfors Automotive, Jamna Auto Industries, Betts SPRING MANUFACTURING, Ace Wire Spring & Form Co Inc, Olgun Celik, Suspension Spring Specialist Inc, EMCO, Rassini, Draco Spring Mfg Co, and Sogefi SpA.

Types Covered:
• Progressively Wound Spring
• Helical Coil Spring

Process Methods Covered:
• Cold Cooling
• Hot Cooling

Diameters Covered:
• Below 1 Inch
• 1-2 Inch
• 2-4 Inch
• Above 4 Inch

Materials Covered:
• Carbon Steel
• Alloy Steel
• Stainless Steel
• Copper Base Alloy
• Nickel Base Alloy
• Cobalt-Nickel

Shapes Covered:
• Variable Rate Springs
• Constant Rate Springs

Products Covered:
• Mattress Springs
• Compression Coil Springs
• Volute Springs
• Buckling Springs
• Tension/Extension Coil Springs
• Upholstery Springs
• Torsion Springs

Applications Covered:
• Passenger Vehicle
• Commercial Vehicle

End Users Covered:
• Aftermarket
• Original Equipment Manufacturer (OEM)

Regions Covered:
• North America0
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK 
o Spain
o Rest of Europe      
• Asia Pacific
o Japan       
o China       
o India       
o Australia       
o New Zealand      
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliance

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