Automotive Composite Leaf Spring Market

1. Presents a Research Report on Automotive Composite Leaf Springs Market Automotive Composite Leaf Springs Market by Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium- & Heavy-Duty Vehicle, and Others), by Installation Type (Transversal and Longitudinal), by Location Type (Front and Rear), by Manufacturing Process Type (Compression Molding, High-Pressure Resin Transfer Molding, and Prepreg Layup), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2018-2023 sales@stratviewresearch.com +1-313-307-4176 www.stratviewresearch.com Market Reports Advisory & Consulting Sourcing Intelligence

2. Automotive Composite Leaf Springs Market Growth and Forecast Highlights & Drivers • Global Automotive Composite Leaf Springs Market is forecasted to grow at an attractive rate over the next five years to reach US$ 86.6 million in 2023. • The global automotive composite leaf spring is a niche market and currently represents less than 1% of the total automotive leaf springs (metals + composites) market. It is likely to remain niche in the foreseeable future but possesses significant growth potential in the coming years. • Increasing automobile production, an increasing demand for lightweight leaf springs to achieve stringent government regulations of many countries, such as CAFÉ Standards, and the market entry of new players targeting local markets are the major factors that are proliferating the growth of the composite leaf springs market in the automotive industry. • Composite leaf springs are not new to the automotive industry. Chevrolet Corvette has been using composite leaf springs on both front and rear locations at the transversal position since 1981. • Composite leaf springs offer several benefits over steel leaf springs, such as high durability, greater flexibility, better vibration energy absorption, and fatigue resistance. Composite leaf spring is about five times more durable than similarly-sized steel leaf springs.

3. Market Insights • By Vehicle Type • Light commercial vehicle (LCV) is the expected to remain the growth engine of the global automotive composite leaf springs market during the forecast period. • The passenger car is likely to witness the highest growth during the same period, driven by an increasing penetration of composite leaf springs. • By Installation Type • Transversal is the most common installation type for composite leaf springs in the automotive industry. • Currently, all the major auto models using composite leaf springs, such as Chevrolet Corvette, are using it on transversal-mounted position. Currently, there is a very limited usage of composite leaf springs on the longitudinal position. • By Manufacturing Process Type • HP-RTM is likely to be the most dominant process in the market during the forecast period. The process type is also likely to witness the highest growth during the same period as well. • The process type offers several advantages including a short part cycle time and has been gaining the traction not only in composite leaf springs but also in other structural parts of automobile including passenger cell.

4. Market Insights • By Region • Europe is expected to remain the largest market for composite leaf springs in the automotive industry over the next five years, driven by increasing usage of composite leaf springs in the light commercial vehicles and passenger cars. • Asia-Pacific and North America are set to witness higher growths in the coming five years, driven by a host of factors including a gradual shift of assembly plants of OEMs in these regions, an increasing penetration of composite leaf springs, and market entry of local composite leaf spring manufacturers.

5. Competitive Insights • New product development, capacity expansion, and process optimization are the key strategies adopted by the key players to gain a competitive edge in the market. • Key Companies Analysed • ARC Industries • Benteler SGL • Hendrickson International • HyperCo • IFC Composite GmbH • Jamna Auto Industries Ltd. • LiteFlex, LLC • MubeaFahrwerkstechnologien GmbH

6. Data Analysis (Top Down and Bottom Up Approach) Research Methodology Data Triangulation (Data Evaluation and Multiple Data Triangulation) Final Deliverables (Final Report with All Findings) Stratview Research follows a rigorous methodology with high emphasis on primary research and multiple ways of data triangulation. We conduct primary research across the value chain to provide 360 degree view of the market. • Secondary Research • Stratview Research Internal Knowledgebase Primary Research • Annual Reports / Fact Book • Company Websites • Magazines / Publications • Press Releases & Journals • Industry News • Association Articles • Government Documents • Social Media • Others • Robust database across value chain • In-house industry veterans as advisors • Project based subject matter experts • Industry Players • Industry Experts • Suppliers • Customers • Associations • Government Institutions • Others

7. Report Features • This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report: • Market structure: Overview, industry life cycle analysis, supply chain analysis. • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis. • Market trend and forecast analysis. • Market segment trend and forecast. • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc. • Attractive market segments and associated growth opportunities. • Emerging trends. • Strategic growth opportunities for the existing and new players. • Key success factors.

8. Market Segmentation • By Vehicle Type • Passenger Car • Light-Duty Commercial Vehicle • Medium- & Heavy-Duty Commercial Vehicle • By Installation Type • Transversal • Longitudinal • By Manufacturing Process Type • Compression Molding Process • Prepreg Layup Process • Other Processes • By Location Type • Front Leaf Spring • Rear Leaf Spring

9. Market Segmentation • By Region • North America (Country Analysis: The USA and Others) • Europe (Country Analysis: Germany, Sweden, Italy, Russia, and Rest of Europe) • Asia-Pacific (Country Analysis: China, South Korea, India, and Rest of Asia-Pacific) • Rest of the World (Country Analysis: Brazil and Others)

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