The global automotive composite leaf springs market is anticipated to grow at a considerable CAGR during the forecast period (2022-2028). The automotive manufacturers including GM have radically changed from steel leaf springs to composite leaf spring suspensions. Another important driving factor is the growing demand for a combination of industrial and economic growth, and rising human income which has led to a dramatic increase in car sales.
Leaf springs have the advantage of distributing very high loads more evenly over the car chassis. The coil sources transmit high loads to a single location. Leaf springs are usually made of different layers of metal or other alloys ions. The materials are strong, durablethe problems such as corrosion, low environmental frequency, and low internal moisture content. Composites, on the other hand, are best suited to use in spring leaf formation, due to their properties such as high strength-to-weight ratio, high natural frequency, and resistance to high fatigue.
The good internal moisture provided by the compounds translates into an improved absorption of vibration energy within the component, in a reduced transfer of vibration output and sound to nearby components. In addition, the spring suspension of the combined leaf offers another great weight-loss advantage over its metal counterparts. Composite leaf springs are five times stronger than spring suspension of steel leaves, which is one of the main factors driving the market demand for composite leaf springs market.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Installation Type
- By Location Type
- By Process Type
- By Vehicle Type
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape-Liteflex LLC, IFC Composite GmbH, Hendrickson International, and HyperCo, among others.
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Global Automotive Composite Leaf Springs Market Report by Segment
By Installation Type
- Transversal
- Longitudinal
By Location Type
- Front Leaf Spring
- Rear Leaf Spring
By Process Type
- High-Pressure Resin Transfer Molding Process
- Prepreg Layup Process
- Others
By Vehicle Type
- Passenger Car
- Light Commercial Vehicle
- Medium and Heavy-Duty Vehicles
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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