Automotive Coil Spring Market
Automotive Coil Spring - Global Market Outlook (2019-2027)
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
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Automotive Coil Spring Market, By Type
5.1 Introduction
5.2 Progressively Wound Spring
5.3 Helical Coil Spring
6 Global Automotive Coil Spring Market, By Process Method
6.1 Introduction
6.2 Cold Cooling
6.3 Hot Cooling
7 Global Automotive Coil Spring Market, By Diameter
7.1 Introduction
7.2 Below 1 Inch
7.3 1-2 Inch
7.4 2-4 Inch
7.5 Above 4 Inch
8 Global Automotive Coil Spring Market, By Material
8.1 Introduction
8.2 Carbon Steel
8.3 Alloy Steel
8.4 Stainless Steel
8.5 Copper Base Alloy
8.6 Nickel Base Alloy
8.7 Cobalt-Nickel
9 Global Automotive Coil Spring Market, By Shape
9.1 Introduction
9.2 Variable Rate Springs
9.3 Constant Rate Springs
10 Global Automotive Coil Spring Market, By Product
10.1 Introduction
10.2 Mattress Springs
10.3 Compression Coil Springs
10.4 Volute Springs
10.5 Buckling Springs
10.6 Tension/Extension Coil Springs
10.7 Upholstery Springs
10.8 Torsion Springs
11 Global Automotive Coil Spring Market, By Application
11.1 Introduction
11.2 Passenger Vehicle
11.2.1 Executive
11.2.2 Minicompact
11.2.3 Compact
11.2.4 Supermini
11.2.5 Sports Car
11.2.6 Mid-Size
11.2.7 Luxury
11.2.8 Multi Purpose Vehicle (MPV)
11.2.9 Sport Utility Vehicle (SUV)
11.3 Commercial Vehicle
11.3.1 Light Commercial Vehicle
11.3.2 Medium and High Commercial Vehicle Buses
11.3.3 Medium and High Commercial Vehicle Trucks
12 Global Automotive Coil Spring Market, By End User
12.1 Introduction
12.2 Aftermarket
12.3 Original Equipment Manufacturer (OEM)
13 Global Automotive Coil Spring Market, By Geography
13.1 Introduction
13.2 North America
13.2.1 US
13.2.2 Canada
13.2.3 Mexico
13.3 Europe
13.3.1 Germany
13.3.2 UK
13.3.3 Italy
13.3.4 France
13.3.5 Spain
13.3.6 Rest of Europe
13.4 Asia Pacific
13.4.1 Japan
13.4.2 China
13.4.3 India
13.4.4 Australia
13.4.5 New Zealand
13.4.6 South Korea
13.4.7 Rest of Asia Pacific
13.5 South America
13.5.1 Argentina
13.5.2 Brazil
13.5.3 Chile
13.5.4 Rest of South America
13.6 Middle East & Africa
13.6.1 Saudi Arabia
13.6.2 UAE
13.6.3 Qatar
13.6.4 South Africa
13.6.5 Rest of Middle East & Africa
14 Key Developments
14.1 Agreements, Partnerships, Collaborations and Joint Ventures
14.2 Acquisitions & Mergers
14.3 New Product Launch
14.4 Expansions
14.5 Other Key Strategies
15 Company Profiling
15.1 Hendrickson
15.2 Clifford Springs Ltd
15.3 Soni Auto & Allied Industries Ltd
15.4 Kilen Springs
15.5 Aniceto Gomez SA
15.6 Lesjöfors Automotive
15.7 Jamna Auto Industries
15.8 Betts SPRING MANUFACTURING
15.9 Ace Wire Spring & Form Co Inc
15.10 Olgun Celik
15.11 Suspension Spring Specialist Inc
15.12 EMCO
15.13 Rassini
15.14 Draco Spring Mfg Co
15.15 Sogefi SpA
List of Tables
1 Global Automotive Coil Spring Market Outlook, By Region (2018-2027) ($MN)
2 Global Automotive Coil Spring Market Outlook, By Type (2018-2027) ($MN)
3 Global Automotive Coil Spring Market Outlook, By Progressively Wound Spring (2018-2027) ($MN)
4 Global Automotive Coil Spring Market Outlook, By Helical Coil Spring (2018-2027) ($MN)
5 Global Automotive Coil Spring Market Outlook, By Process Method (2018-2027) ($MN)
6 Global Automotive Coil Spring Market Outlook, By Cold Cooling (2018-2027) ($MN)
7 Global Automotive Coil Spring Market Outlook, By Hot Cooling (2018-2027) ($MN)
8 Global Automotive Coil Spring Market Outlook, By Diameter (2018-2027) ($MN)
9 Global Automotive Coil Spring Market Outlook, By Below 1 Inch (2018-2027) ($MN)
10 Global Automotive Coil Spring Market Outlook, By 1-2 Inch (2018-2027) ($MN)
11 Global Automotive Coil Spring Market Outlook, By 2-4 Inch (2018-2027) ($MN)
12 Global Automotive Coil Spring Market Outlook, By Above 4 Inch (2018-2027) ($MN)
13 Global Automotive Coil Spring Market Outlook, By Material (2018-2027) ($MN)
14 Global Automotive Coil Spring Market Outlook, By Carbon Steel (2018-2027) ($MN)
15 Global Automotive Coil Spring Market Outlook, By Alloy Steel (2018-2027) ($MN)
16 Global Automotive Coil Spring Market Outlook, By Stainless Steel (2018-2027) ($MN)
17 Global Automotive Coil Spring Market Outlook, By Copper Base Alloy (2018-2027) ($MN)
18 Global Automotive Coil Spring Market Outlook, By Nickel Base Alloy (2018-2027) ($MN)
19 Global Automotive Coil Spring Market Outlook, By Cobalt-Nickel (2018-2027) ($MN)
20 Global Automotive Coil Spring Market Outlook, By Shape (2018-2027) ($MN)
21 Global Automotive Coil Spring Market Outlook, By Variable Rate Springs (2018-2027) ($MN)
22 Global Automotive Coil Spring Market Outlook, By Constant Rate Springs (2018-2027) ($MN)
23 Global Automotive Coil Spring Market Outlook, By Product (2018-2027) ($MN)
24 Global Automotive Coil Spring Market Outlook, By Mattress Springs (2018-2027) ($MN)
25 Global Automotive Coil Spring Market Outlook, By Compression Coil Springs (2018-2027) ($MN)
26 Global Automotive Coil Spring Market Outlook, By Volute Springs (2018-2027) ($MN)
27 Global Automotive Coil Spring Market Outlook, By Buckling Springs (2018-2027) ($MN)
28 Global Automotive Coil Spring Market Outlook, By Tension/Extension Coil Springs (2018-2027) ($MN)
29 Global Automotive Coil Spring Market Outlook, By Upholstery Springs (2018-2027) ($MN)
30 Global Automotive Coil Spring Market Outlook, By Torsion Springs (2018-2027) ($MN)
31 Global Automotive Coil Spring Market Outlook, By Application (2018-2027) ($MN)
32 Global Automotive Coil Spring Market Outlook, By Passenger Vehicle (2018-2027) ($MN)
33 Global Automotive Coil Spring Market Outlook, By Executive (2018-2027) ($MN)
34 Global Automotive Coil Spring Market Outlook, By Minicompact (2018-2027) ($MN)
35 Global Automotive Coil Spring Market Outlook, By Compact (2018-2027) ($MN)
36 Global Automotive Coil Spring Market Outlook, By Supermini (2018-2027) ($MN)
37 Global Automotive Coil Spring Market Outlook, By Sports Car (2018-2027) ($MN)
38 Global Automotive Coil Spring Market Outlook, By Mid-Size (2018-2027) ($MN)
39 Global Automotive Coil Spring Market Outlook, By Luxury (2018-2027) ($MN)
40 Global Automotive Coil Spring Market Outlook, By Multi Purpose Vehicle (MPV) (2018-2027) ($MN)
41 Global Automotive Coil Spring Market Outlook, By Sport Utility Vehicle (SUV) (2018-2027) ($MN)
42 Global Automotive Coil Spring Market Outlook, By Commercial Vehicle (2018-2027) ($MN)
43 Global Automotive Coil Spring Market Outlook, By Light Commercial Vehicle (2018-2027) ($MN)
44 Global Automotive Coil Spring Market Outlook, By Medium and High Commercial Vehicle Buses (2018-2027) ($MN)
45 Global Automotive Coil Spring Market Outlook, By Medium and High Commercial Vehicle Trucks (2018-2027) ($MN)
46 Global Automotive Coil Spring Market Outlook, By End User (2018-2027) ($MN)
47 Global Automotive Coil Spring Market Outlook, By Aftermarket (2018-2027) ($MN)
48 Global Automotive Coil Spring Market Outlook, By Original Equipment Manufacturer (OEM) (2018-2027) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
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