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A suspension spring is used to absorb shocks from road and store in the form of compressed energy which is later dissipated in the form of heat by dampers. Springs serve a purpose to provide you with a smooth comfortable ride.
The classification of Suspension Spring includes Coil Spring, Air Spring and Leaf Spring. Coil Spring dominated the market in terms of volume with a share of about 82% in 2019. In terms of value, the market share of leaf spring is largest with nearly 56% market.
Global Suspension Spring Application segment consists of Passenger car and Commercial Vehicle. Passenger car segment was estimated to account for a sales share of about 74% in 2019.
The key vendors in the market like NHK Spring, Rassini, Sogefi, Mubea, Thyssenkrupp, Continental, Mitsubishi Steel, Fangda Special Steel, Jamna Auto Industries, Chuo Spring, etc. Top ten players account for revenue share about 50% in 2019.
Market Analysis and Insights: Global Suspension Spring Market
The global Suspension Spring market was valued at US$ 5849 in 2020 and will reach US$ 7400.8 million by the end of 2027, growing at a CAGR of 4.0% during 2022-2027.
Global Suspension Spring Scope and Market Size
The global Suspension Spring market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Suspension Spring market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2016-2027.
Segment by Type
Coil Spring
Air Spring
Leaf Spring
Segment by Application
Passenger Car
Commercial Vehicle
The Suspension Spring market is analysed and market size information is provided by regions (countries). Segment by Application, the Suspension Spring market is segmented into North America, Europe, China, Japan, Southeast Asia, India and Other Regions.
By Company
NHK Spring
Rassini
Sogefi
Mubea
Thyssenkrupp
Continental
Mitsubishi Steel
Fangda Special Steel
Jamna Auto Industries
Chuo Spring
Dongfeng Motor Suspension
Fawer
Hendrickson
Vibracoustic
Lesjöfors
Shandong Leopard
KYB
Firestone
Betts Spring
Eibach
Vikrant Auto
Zhejiang Meili
Akar Tools
BJ Spring
The classification of Suspension Spring includes Coil Spring, Air Spring and Leaf Spring. Coil Spring dominated the market in terms of volume with a share of about 82% in 2019. In terms of value, the market share of leaf spring is largest with nearly 56% market.
Global Suspension Spring Application segment consists of Passenger car and Commercial Vehicle. Passenger car segment was estimated to account for a sales share of about 74% in 2019.
The key vendors in the market like NHK Spring, Rassini, Sogefi, Mubea, Thyssenkrupp, Continental, Mitsubishi Steel, Fangda Special Steel, Jamna Auto Industries, Chuo Spring, etc. Top ten players account for revenue share about 50% in 2019.
Market Analysis and Insights: Global Suspension Spring Market
The global Suspension Spring market was valued at US$ 5849 in 2020 and will reach US$ 7400.8 million by the end of 2027, growing at a CAGR of 4.0% during 2022-2027.
Global Suspension Spring Scope and Market Size
The global Suspension Spring market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Suspension Spring market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2016-2027.
Segment by Type
Coil Spring
Air Spring
Leaf Spring
Segment by Application
Passenger Car
Commercial Vehicle
The Suspension Spring market is analysed and market size information is provided by regions (countries). Segment by Application, the Suspension Spring market is segmented into North America, Europe, China, Japan, Southeast Asia, India and Other Regions.
By Company
NHK Spring
Rassini
Sogefi
Mubea
Thyssenkrupp
Continental
Mitsubishi Steel
Fangda Special Steel
Jamna Auto Industries
Chuo Spring
Dongfeng Motor Suspension
Fawer
Hendrickson
Vibracoustic
Lesjöfors
Shandong Leopard
KYB
Firestone
Betts Spring
Eibach
Vikrant Auto
Zhejiang Meili
Akar Tools
BJ Spring
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