자동차용 리프 스프링 시장 예측(-2030년) : 유형별, 재료 유형별, 차종별, 판매채널별, 용도별, 지역별 세계 분석

According to Stratistics MRC, the Global Automotive Leaf Spring Market is accounted for $6.1 billion in 2024 and is expected to reach $8.7 billion by 2030, growing at a CAGR of 5.9% during the forecast period. An automotive leaf spring is an essential suspension part that helps automobiles absorb shocks and support their weight. It evenly distributes the load across the axle and is made up of layers of curved metal strips. Because of their strength and capacity to support a lot of weight, leaf springs are frequently found in heavy-duty vehicles like trucks, buses, and off-road vehicles. They are essential to the load-bearing capacity, ride comfort, and stability of the vehicle.

According to the Society of Indian Automobile Manufacturers (SIAM), sales of medium and heavy commercial vehicles increased from 240,577 to 359,003 units, and light commercial vehicles grew from 475,989 to 603,465 units in the fiscal year 2022-23.

Market Dynamics:

Driver:

Rising demand for commercial vehicles

The increasing demand for commercial vehicles, particularly in emerging economies, is a key driver for the automotive leaf spring market. As e-commerce and logistics sectors expand, there is a growing need for medium and heavy-duty trucks that rely on leaf spring suspensions for their durability and load-bearing capacity. This trend is especially prominent in countries like China and India, where rapid industrialization and infrastructure development are fueling the commercial vehicle market, consequently boosting the demand for leaf springs.

Restraint:

Maintenance and replacement costs

Leaf springs, especially in heavy-duty applications, are subject to wear and tear over time, requiring periodic maintenance or replacement. This can lead to increased operational costs for vehicle owners and fleet operators. Additionally, the labor-intensive nature of leaf spring replacement compared to other suspension types can discourage some consumers, particularly in regions where skilled labor for such maintenance is scarce or expensive.

Opportunity:

Integration with electric vehicles

The growing electric vehicle (EV) market presents a significant opportunity for the automotive leaf spring industry. As EV manufacturers seek to optimize vehicle weight and performance, there is increasing interest in lightweight, durable suspension components. Advanced composite leaf springs can offer weight reduction without compromising strength, making them ideal for electric trucks and commercial EVs. This integration can help extend the range of electric vehicles while maintaining load-carrying capacity, opening up new avenues for leaf spring manufacturers in the evolving automotive landscape.

Threat:

Competition from alternative suspension systems

The automotive leaf spring market faces a threat from alternative suspension systems, particularly air suspensions and independent suspensions. These systems often offer better ride comfort, adjustability, and in some cases, improved handling compared to traditional leaf spring suspensions. As vehicle manufacturers increasingly prioritize ride quality and versatility, especially in passenger vehicles and high-end commercial vehicles, there is a risk of leaf springs being replaced by these alternative systems in certain vehicle segments, potentially limiting market growth.

Covid-19 Impact:

The COVID-19 pandemic significantly impacted the automotive leaf spring market, disrupting global supply chains and causing a temporary decline in vehicle production. Lockdowns and economic uncertainties led to reduced demand for commercial vehicles, directly affecting leaf spring sales. However, the market showed resilience as e-commerce growth during the pandemic increased the need for delivery vehicles. Post-pandemic recovery has been gradual, with the market adapting to new supply chain strategies and increased focus on localized production to mitigate future disruptions.

The parabolic segment is expected to be the largest during the forecast period

During the forecast period, the parabolic segment is anticipated to register the largest market share due to their superior performance characteristics. These springs offer a better weight-to-strength ratio compared to conventional multi-leaf springs, resulting in improved fuel efficiency and vehicle handling. Their design allows for a more progressive spring rate, providing better ride comfort and reduced inter-leaf friction. The growing adoption of parabolic springs in commercial vehicles, particularly in emerging markets, is driving this segment's dominance as manufacturers seek to enhance vehicle performance and efficiency.

The composite materials segment is expected to have the highest CAGR during the forecast period

During the projection period, the composite materials segment is expected to grow at the highest CAGR, driven by the automotive industry's push towards lightweight, high-performance components. These springs, typically made from materials like fiberglass or carbon fiber, offer significant weight reduction-up to 70% compared to steel springs-while maintaining or even improving strength and durability. The growing focus on fuel efficiency and emissions reduction in vehicles is accelerating the adoption of composite leaf springs, particularly in electric vehicles and high-end commercial vehicles, fueling this segment's rapid growth.

Region with largest share:

Over the forecasted timeframe, the Asia Pacific region is expected to maintain its dominance in the automotive leaf spring market, primarily due to its robust automotive manufacturing sector. Countries like China and India are major contributors, with their expanding commercial vehicle production and growing logistics industries. The region's large population and rising middle class are driving increased vehicle ownership, particularly in the SUV and light commercial vehicle segments. Additionally, government initiatives promoting domestic manufacturing and infrastructure development are further boosting the demand for vehicles equipped with leaf spring suspensions.

Region with highest CAGR:

During the estimation period, Asia Pacific is projected to exhibit the highest growth rate in the automotive leaf spring market. This rapid growth is attributed to several factors, including the fast-paced industrialization in countries like Vietnam and Indonesia, increasing urbanization leading to higher demand for commercial vehicles, and the expansion of e-commerce driving last-mile delivery needs. The region's focus on developing electric vehicle manufacturing capabilities, particularly in China and India, is expected to create new opportunities for advanced leaf spring technologies, further accelerating market growth in the coming years.

Key players in the market

Some of the key players in Automotive Leaf Spring Market include EATON Detroit Spring, Inc., Sogefi SpA, MITSUBISHI STEEL MFG. CO., LTD., NHK SPRING Co., Ltd., Jamna Auto Industries Ltd., Rassini, Hendrickson USA, L.L.C., Emco Industries, Mubea, SGL Group, IFC Composite, Frauenthal Group, Olgun Celik San, Jonas Woodhead & Sons India Ltd., and Dongfeng Motor Suspension Spring Co.

Key Developments:

In September 2024, Stumpp Schuele & Somappa Springs (SSS), a player in automotive spring manufacturing and part of the MG Brothers Group, has entered into joint venture with Japan's Chuhatsu to produce power back door (PBD) springs. This strategic move positions SSS as probably the first domestic producer of PBD springs in India, a market segment currently dominated by imports from companies like Aisin, Brose, and Magna. These imported kits are supplied to major OEMs, including Toyota, Mahindra & Mahindra, and Tata Motors.

In March 2024, Hendrickson introduced the ROADMAAX Z rear air suspension system with a 46,000 lb capacity, designed for both on-road and off-road performance.

In October 2023, Sogefi has developed high-stress leaf springs designed for heavy-duty applications. These springs are engineered to offer weight reduction while maintaining high performance, enabling increased vehicle payload capacity. The company supplies these advanced suspension components to major European truck manufacturers.

Types Covered:

• Parabolic
• Elliptic
• Semi-Elliptic
• Other Types

Material Types Covered:

• Steel
• Composite Materials

Vehicle Types Covered:

• Passenger Vehicles
• Light Commercial Vehicles (LCVs)
• Heavy Commercial Vehicles (HCVs)
• Off-Highway Vehicles

Sales Channels Covered:

• Original Equipment Manufacturers (OEM)
• Aftermarket

Applications Covered:

• Front Suspension
• Rear Suspension

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • 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 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• 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
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

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 Application Analysis
• 3.7 Emerging Markets
• 3.8 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 Leaf Spring Market, By Type

• 5.1 Introduction
• 5.2 Parabolic
• 5.3 Elliptic
• 5.4 Semi-Elliptic
• 5.5 Other Types

6 Global Automotive Leaf Spring Market, By Material Type

• 6.1 Introduction
• 6.2 Steel
  • 6.2.1 Alloy Steel
  • 6.2.2 High-Strength Steel
• 6.3 Composite Materials
  • 6.3.1 Glass Fiber Reinforced Polymer (GFRP)
  • 6.3.2 Carbon Fiber Reinforced Polymer (CFRP)

7 Global Automotive Leaf Spring Market, By Vehicle Type

• 7.1 Introduction
• 7.2 Passenger Vehicles
  • 7.2.1 Hatchbacks
  • 7.2.2 Sedans
  • 7.2.3 SUVs
• 7.3 Light Commercial Vehicles (LCVs)
  • 7.3.1 Vans
  • 7.3.2 Pickup Trucks
• 7.4 Heavy Commercial Vehicles (HCVs)
  • 7.4.1 Trucks
  • 7.4.2 Buses
• 7.5 Off-Highway Vehicles
  • 7.5.1 Construction Equipment
  • 7.5.2 Agricultural Vehicles
  • 7.5.3 Mining Vehicles

8 Global Automotive Leaf Spring Market, By Sales Channel

• 8.1 Introduction
• 8.2 Original Equipment Manufacturers (OEM)
• 8.3 Aftermarket

9 Global Automotive Leaf Spring Market, By Application

• 9.1 Introduction
• 9.2 Front Suspension
• 9.3 Rear Suspension

10 Global Automotive Leaf Spring Market, By Geography

• 10.1 Introduction
• 10.2 North America
  • 10.2.1 US
  • 10.2.2 Canada
  • 10.2.3 Mexico
• 10.3 Europe
  • 10.3.1 Germany
  • 10.3.2 UK
  • 10.3.3 Italy
  • 10.3.4 France
  • 10.3.5 Spain
  • 10.3.6 Rest of Europe
• 10.4 Asia Pacific
  • 10.4.1 Japan
  • 10.4.2 China
  • 10.4.3 India
  • 10.4.4 Australia
  • 10.4.5 New Zealand
  • 10.4.6 South Korea
  • 10.4.7 Rest of Asia Pacific
• 10.5 South America
  • 10.5.1 Argentina
  • 10.5.2 Brazil
  • 10.5.3 Chile
  • 10.5.4 Rest of South America
• 10.6 Middle East & Africa
  • 10.6.1 Saudi Arabia
  • 10.6.2 UAE
  • 10.6.3 Qatar
  • 10.6.4 South Africa
  • 10.6.5 Rest of Middle East & Africa

11 Key Developments

• 11.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 11.2 Acquisitions & Mergers
• 11.3 New Product Launch
• 11.4 Expansions
• 11.5 Other Key Strategies

12 Company Profiling

• 12.1 EATON Detroit Spring, Inc.
• 12.2 Sogefi SpA
• 12.3 MITSUBISHI STEEL MFG. CO., LTD.
• 12.4 NHK SPRING Co., Ltd.
• 12.5 Jamna Auto Industries Ltd.
• 12.6 Rassini
• 12.7 Hendrickson USA, L.L.C.
• 12.8 Emco Industries
• 12.9 Mubea
• 12.10 SGL Group
• 12.11 IFC Composite
• 12.12 Frauenthal Group
• 12.13 Olgun Celik San
• 12.14 Jonas Woodhead & Sons India Ltd.
• 12.15 Dongfeng Motor Suspension Spring Co.