세계의 자동차용 리프 스프링 시장 규모 : 스프링 유형별, 재료별, 부위 유형별, 차량별, 지역별, 범위 및 예측

Automotive Leaf Spring Market Size And Forecast

Automotive Leaf Spring Market size was valued at USD 4.87 Billion in 2024 and is projected to reach USD 6.1 Billion by 2031 , growing at a CAGR of 3.15% from 2024 to 2031. Automotive leaf springs are a type of suspension system found in vehicles that absorbs shocks and provides support. They are made up of many layers of steel or composite materials called leaves, which are layered together to form a curved shape. When a car hit bumps or uneven surfaces, the leaf springs bend and absorb the shock, increasing ride comfort and stability. Leaf springs are often employed in the rear suspension of trucks, vans, and SUVs due to their strength and ability to withstand enormous loads. They are preferred over more elaborate suspension systems due to they are simpler, more durable, and less expensive.

Automotive leaf springs are likely to see material and design developments to improve performance and efficiency. With a rising emphasis on vehicle weight reduction and fuel efficiency, lightweight composite materials like carbon fiber or fiberglass are being used more frequently. Furthermore, design advances, such as merging leaf springs with modern suspension systems or adding customizable elements, may improve their functionality. As electric and self-driving vehicles gain popularity, leaf springs may be modified to fit the unique requirements of these new vehicle architectures, potentially leading to increased usage in a variety of automotive applications.

Global Automotive Leaf Spring Market Dynamics

The key market dynamics that are shaping the global automotive leaf spring market include:

Key Market Drivers:

Growing Automotive Production:

Global automobile production is driving growth in the automotive leaf spring market. According to the International Organization of Motor Vehicle Manufacturers (OICA), worldwide vehicle production will reach 80.1 million units in 2021, up 3% from 2020. This increase in vehicle manufacturing has a direct impact on the demand for automotive components like leaf springs.

Rising Demand for Commercial Vehicles:

Commercial cars with leaf spring suspension systems are in high demand due to the growing logistics and transportation market. According to the American Trucking Association, the US trucking industry transported 11.84 billion tons of freight in 2019, accounting for 72.5% of total domestic freight tonnage. The growing reliance on commercial vehicles necessitates the use of durable suspension components such as leaf springs.

Focus on Lightweight Materials:

The automobile industry's drive for lightweight materials to enhance fuel efficiency and reduce pollution is affecting the leaf spring business. According to the US Department of Energy, a 10% reduction in vehicle weight can result in a 6-8% increase in fuel efficiency. This trend is driving manufacturers to create sophisticated composite leaf springs that are up to 70% lighter than typical steel springs.

Key Challenges:

Material Costs:

Rising raw material prices, particularly for steel and sophisticated composites, have a direct impact on leaf spring production costs. This increase in costs can diminish manufacturers' profit margins and raise customer prices, making leaf springs less competitive against alternative suspension technologies.

Weight Reduction Demands:

As the automotive industry transitions to lighter vehicles for improved fuel efficiency and lower emissions, leaf springs, which are normally heavier than their counterparts, may struggle to fulfill these demanding criteria. Manufacturers are challenged to innovate with lightweight materials while maintaining strength and durability.

Customization Requirements:

The increased demand for customized automobiles and personalized suspension systems puts more pressure on leaf spring manufacturers to provide a broader selection of products. Meeting these different needs without considerably raising production costs or lead times presents a significant challenge.

Maintenance and Durability Concerns:

Leaf springs, particularly in heavy-duty applications, are prone to wear and tear, causing maintenance issues. End-users may face high costs due to frequent replacements and repairs, spurring a shift toward more durable and low-maintenance suspension systems, and affecting leaf spring market demand.

Key Trends:

Shift Toward Lightweight Materials:

Lightweight composite materials, such as carbon fiber and fiberglass, are increasingly being used in leaf spring manufacturing. These materials have the twin benefits of weight reduction and increased fuel efficiency, making them increasingly desirable in modern car designs, particularly for electric and hybrid vehicles.

Digitalization and Smart Manufacturing:

The use of digitalization and smart manufacturing techniques is revolutionizing leaf spring manufacture. Advanced technologies like IoT, AI, and robotics are being used to increase production efficiency, quality control, and customization, resulting in more precise and cost-effective manufacturing processes.

Focus on Electric and Autonomous Vehicles:

The increasing popularity of electric and self-driving vehicles is driving innovation in leaf spring design. Manufacturers are creating leaf springs that can meet these vehicles' particular weight distribution and performance requirements, establishing them as a viable suspension solution in the changing automotive market.

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Global Automotive Leaf Spring Market Regional Analysis

Here is a more detailed regional analysis of the global automotive leaf spring market:

Asia Pacific:

The Asia-Pacific region currently leads the automotive leaf spring market, owing to fast industrialization, urbanization, and a significant growth in vehicle demand. Key contributors such as China, India, and Japan, with their large populations and developing economies, are driving this expansion. The region's thriving automotive industry, which spans multiple vehicle segments, heavily relies on leaf springs for suspension systems. In 2021, China will produce 27.02 million automobiles, making it the world's largest automaker. This large production volume directly increases demand for car components, particularly leaf springs. The China Association of Automobile Manufacturers (CAAM) projects that car sales in China will reach 29.5 million units by 2024, indicating continued sector expansion.

India and Japan strengthened the region's dominance. India's automotive industry is predicted to exceed USD 300 Billion by 2026, including significant expansion in the commercial vehicle category, which is primarily reliant on leaf springs. Meanwhile, Japan's emphasis on technological innovation propels advances in leaf spring design, with the country's auto parts exports, including suspension components, expected to exceed USD 35 Billion by 2020.

The Asia-Pacific automotive aftermarket, this expansion is driven by the increasing average age of cars, which necessitates regular maintenance and part replacements, confirming the region's dominant position in the worldwide automotive leaf spring market.

North America:

North America's automotive leaf spring market is expanding rapidly, owing to increased demand for fuel-efficient automobiles and the adoption of new technology. As automobile manufacturers work to improve vehicle performance and reduce emissions, there is a growing demand for innovative and high-quality leaf spring solutions. The presence of major automobile OEMs and a well-established aftermarket sector further help to drive market expansion in the region. According to the United States Environmental Protection Agency (EPA), the average fuel economy for new 2021 model-year automobiles is a record high of 25.7 miles per gallon. The quest for increased fuel efficiency is driving demand for lightweight suspension components, such as modern leaf springs, which are required to meet higher environmental criteria.

The significant and aging vehicle fleet in North America drives up demand for leaf springs. According to the American Automobile Association (AAA), there will be over 276 million registered vehicles on U.S. roads by 2021, implying a significant market for both OEM and aftermarket leaf springs. According to the U.S. Bureau of Transportation Statistics, the average age of light vehicles will reach a record high of 12.1 years in 2021, increasing the demand for replacement suspension components. The American Trucking Associations predict a 21% increase in total freight tonnage by 2030 in the commercial vehicle industry, which significantly relies on leaf spring technology, creating the need for long-lasting and efficient leaf springs.

The North American automotive aftermarket, which is expected to reach USD 448.9 Billion by 2026, demonstrates a consistent need for replacement components, reinforcing the region's leading position in the worldwide automotive leaf spring market.

Global Automotive Leaf Spring Market: Segmentation Analysis

The Global Automotive Leaf Spring Market is Segmented on the basis of Spring Type, Material, Location Type, Vehicle, And Geography.

Automotive Leaf Spring Market, By Spring Type

• Parabolic Leaf Spring
• Elliptic
• Semi-elliptic

Based on Spring Type, the market is bifurcated into Parabolic Leaf Spring, Elliptic, and Semi-elliptic. The semi-elliptic leaf spring sector is currently leading the automotive leaf spring market due to its widespread use in extended and commercial vehicles, where its durability and load-bearing capacity are highly desired. Meanwhile, the parabolic leaf spring segment is the second-fastest growing, due to its lightweight construction and higher ride comfort, making it more popular in current automobiles that value fuel efficiency and improved suspension performance.

Automotive Leaf Spring Market, By Material

• Steel
• Composite

Based on Material, the market is segmented into Steel and Composite. The steel leaf spring sector leads the automotive leaf spring market due to its long history of use, low cost, and durability, making it the favored choice for heavy-duty cars and commercial applications. The composite leaf spring category is the second-fastest expanding, driven by rising demand for lightweight materials that improve fuel efficiency and performance, particularly in modern and electric vehicles.

Automotive Leaf Spring Market, By Location Type

• Front Suspension
• Rear Suspension

Based on Location Type, the market is segmented into Front Suspension and Rear Suspension. The rear suspension segment drives the automotive leaf spring market since leaf springs have long been preferred for their capacity to withstand large loads in the rear of commercial vehicles, trucks, and SUVs. The front suspension market is rising at the second-fastest rate, thanks to developments in lightweight and compact leaf spring designs that are increasingly being used in current vehicles to improve ride and handling.

Automotive Leaf Spring Market, By Vehicle

• Passenger Vehicles
• Light Commercial Vehicles
• Medium & Heavy Commercial Vehicles

Based on Vehicle, the market is segmented into Passenger Vehicles, Light Commercial Vehicles, and Medium & Heavy Commercial Vehicles. The medium and heavy commercial vehicle segment dominates the automotive leaf spring market due to the strong need for long-lasting suspension systems capable of sustaining big weights and harsh terrain, which is required in these vehicle types. The second-fastest growing market is light commercial vehicles, which are becoming increasingly popular for last-mile delivery and urban transportation, where leaf springs provide a blend of strength, cost-effectiveness, and load-carrying capacity.

Automotive Leaf Spring Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the World
• On the basis of Geography, the Global Automotive Leaf Spring Market is classified into North America, Europe, Asia Pacific, and the Rest of the World. The Asia-Pacific region currently dominates the automotive leaf spring market, owing to rising industrialization and urbanization. North America, is rapidly expanding because of rising demand for fuel-efficient automobiles and modern technologies.

Key Players

• The "Global Automotive Leaf Spring Market" study report will provide valuable insight with an emphasis on the global market. The major players in the market are
• Dongfeng Motor Suspension Spring Co., Ltd., EMCO Industries, NHK Spring Co., Ltd. IFC Composite, and FAW Group Corporation.
• The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

• Automotive Leaf Spring Market Recent Developments
• In January 2023, KTM AG revealed plans to develop and use composite leaf springs. This move is expected to increase demand for the company's motorcross machines.
• In September 2022, Mubea, a renowned automotive supplier, announced a collaboration with German Bionic to manufacture Cray X carbon fiber composite power suits. The agreement enables the automotive leaf spring market leader to broaden its product offering in the micromobility sector.
• In October 2021, AOC AG and Astar collaborated to create TUCANA, a new sheet molding compound, as part of a UK government-funded research initiative. It is based on Daron polyurethane hybrid technology, which allows for industrial-scale manufacture of chopped carbon fiber molded parts. It combines the production simplicity of unsaturated polyester resin and vinyl ester resin SMC with the mechanical performance of epoxy resin CF-SMC.
• In July 2021, Rassini selected Hexcel's HexPly M901 prepreg system to accelerate prototype and new product development cycles. The company's goal is to minimize total time to market by using an easy-to-process material that allows for effective early-stage design screening and cost-effective manufacture.

TABLE OF CONTENTS

1 INTRODUCTION OF GLOBAL AUTOMOTIVE LEAF SPRING MARKET

• 1.1 Overview of the Market
• 1.2 Scope of Report
• 1.3 Assumptions

2 EXECUTIVE SUMMARY

3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH

• 3.1 Data Mining
• 3.2 Validation
• 3.3 Primary Interviews
• 3.4 List of Data Sources

4 GLOBAL AUTOMOTIVE LEAF SPRING MARKET OUTLOOK

• 4.1 Overview
• 4.2 Market Dynamics
  • 4.2.1 Drivers
  • 4.2.2 Restraints
  • 4.2.3 Opportunities
• 4.3 Porters Five Force Model
• 4.4 Value Chain Analysis
• 4.5 Regulatory Framework

5 GLOBAL AUTOMOTIVE LEAF SPRING MARKET, BY SPRING TYPE

• 5.1 Overview
• 5.2 Parabolic Leaf Spring
• 5.3 Multi-Leaf Spring

6 GLOBAL AUTOMOTIVE LEAF SPRING MARKET, BY MATERIAL TYPE

• 6.1 Overview
• 6.2 Metal Leaf Springs
• 6.3 Composite Leaf Springs

7 GLOBAL AUTOMOTIVE LEAF SPRING MARKET, BY LOCATION TYPE

• 7.1 Overview
• 7.2 Front Suspension
• 7.3 Rear Suspension

8 GLOBAL AUTOMOTIVE LEAF SPRING MARKET, BY VEHICLE

• 8.1 Overview
• 8.2 Passenger Vehicles
• 8.3 Light Commercial Vehicles
• 8.4 Medium & heavy Commercial Vehicles

9 GLOBAL AUTOMOTIVE LEAF SPRING MARKET, BY GEOGRAPHY

• 9.1 Overview
• 9.2 North America
  • 9.2.1 U.S.
  • 9.2.2 Canada
  • 9.2.3 Mexico
• 9.3 Europe
  • 9.3.1 Germany
  • 9.3.2 U.K.
  • 9.3.3 France
  • 9.3.4 Rest of Europe
• 9.4 Asia Pacific
  • 9.4.1 China
  • 9.4.2 Japan
  • 9.4.3 India
  • 9.4.4 Rest of Asia Pacific
• 9.5 Latin America
  • 9.5.1 Brazil
  • 9.5.2 Argentina
• 9.6 Rest of the World

10 GLOBAL AUTOMOTIVE LEAF SPRING MARKETCOMPETITIVE LANDSCAPE

• 10.1 Overview
• 10.2 Company Market ranking
• 10.3 Vendor Landscape
• 10.4 Key Development Strategies

11 COMPANY PROFILES

• 11.1 Dongfeng Motor Suspension Spring Co., Ltd.
  • 11.1.1 Overview
  • 11.1.2 Financial Performance
  • 11.1.3 Product Outlook
  • 11.1.4 Key Developments
• 11.2 FAW Group Corporation
  • 11.2.1 Overview
  • 11.2.2 Financial Performance
  • 11.2.3 Product Outlook
  • 11.2.4 Key Developments
• 11.3 Hendrickson International
  • 11.3.1 Overview
  • 11.3.2 Financial Performance
  • 11.3.3 Product Outlook
  • 11.3.4 Key Developments
• 11.4 Jamna Auto Industries
  • 11.4.1 Overview
  • 11.4.2 Financial Performance
  • 11.4.3 Product Outlook
  • 11.4.4 Key Developments
• 11.5 Life Flex LLC
  • 11.5.1 Overview
  • 11.5.2 Financial Performance
  • 11.5.3 Product Outlook
  • 11.5.4 Key Developments
• 11.6 NHK Spring Co.; Ltd.
  • 11.6.1 Overview
  • 11.6.2 Financial Performance
  • 11.6.3 Product Outlook
  • 11.6.4 Key Developments
• 11.7 Sogefi Group
  • 11.7.1 Overview
  • 11.7.2 Financial Performance
  • 11.7.3 Product Outlook
  • 11.7.4 Key Developments
• 11.8 IFC Composite GmbH
  • 11.8.1 Overview
  • 11.8.2 Financial Performance
  • 11.8.3 Product Outlook
  • 11.8.4 Key Developments
• 11.9 Rassini
  • 11.9.1 Overview
  • 11.9.2 Financial Performance
  • 11.9.3 Product Outlook
  • 11.9.4 Key Developments
• 11.10 SGL Group
  • 11.10.1 Overview
  • 11.10.2 Financial Performance
  • 11.10.3 Product Outlook
  • 11.10.4 Key Developments

12 APPENDIX

• 12.1 Related Research