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Automotive Coil Spring Market | 2021 Size, Share, Sales, Demand, Growth, Merger, Trends, Competitive Landscape And Regional Outlook With Global Industry Forecast To 2028
Posted on Feb 25 2021 4:26 AM
"Automotive Coil Spring Market | 2021 Size, Share, Sales, Demand, Growth, Merger, Trends, Competitive Landscape And Regional Outlook With Global Industry Forecast To 2028"
Automotive Coil Spring Market | 2021 Global Automotive Industry Analysis To 2028, is latest report on Global Automotive Coil Spring Industry, published by Fortune Business Insights. According to this report Global Automotive Coil Spring Market to rise at healthy Compound Annual Growth Rate by 2028. Market for Automotive Coil Spring Industry is segmented By Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles), By Coil Spring Type (Compression Springs, Extension or Tension Springs, Torsion Springs), By Market (Aftermarket, OEMs) and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America.
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Automotive Coil Spring Manufacturers Analyzed in Report:
- Jamna Auto Industries
- Soni Auto & Allied Industries Ltd.
- Betts Spring Clifford Springs Ltd.
- Ace Wire Spring & Form Co., Inc.
- Suspension Spring Specialist, Inc.
- Lesjöfors Automotive
Global Automotive Coil Spring Market Highlights:
The global automotive coil spring market size is projected to grow dramatically in the upcoming years as a result of the prolific demand for passenger cars and commercial vehicles worldwide. According to the International Organization of Motor Vehicle Manufacturers (OICA), global commercial vehicle sales rose from 26 million in 2018 to 27 million in 2019, while passenger vehicle sales stood at 64 million. With economic development speeding up worldwide, the purchase of commercial vehicles is surging in most economies.
Automotive coil springs are critical in maintaining the height of the vehicle from the ground and augmenting the weight-bearing capacity of the automobile. Even more important, coil springs are necessary for ensuring effective suspension of the vehicle, which in turn ensures the comfort of the driver and occupants, especially on uneven roads. Since consumer preferences with regard to vehicular comfort and safety are constantly changing, automakers are being compelled to install high-quality components in their products, thereby benefiting the growth of this market.
The COVID-19 pandemic has generated unprecedented challenges for the automotive industry. Lockdowns, social distancing, supply chain disruptions, and trade restrictions have all contributed towards the drastic contraction of activities in the auto sector in most countries. In Europe, for instance, large carmakers such as Fiat Chrysler and Volkswagen announced a temporary shutdown of plants in Italy, Serbia, Poland, and Spain due to the lockdown measures imposed by governments across the continent. In 2021, the roadblocks have only grown in size.
According to a January 2021 report by the Associated Press, Nissan, Toyota, Fiat, Ford, and Volkswagen have been hit by semiconductor shortages, forcing them to delay production of some models to keep their plants active. In India, one of the world's largest car markets, passenger vehicle sales plummeted 78.43% in the April-June period as the demand for cars plunged amid the nationwide lockdown. The adoption of automotive coil springs will inevitably decline amidst such dire circumstances created by the coronavirus, with the auto industry suffering a series of blows and undergoing a period of severe financial distress.
Out research methodology is robust and includes data triangulation based on bottom-up and top-down approaches. We validated the approximate market number with the help of primary research. Secondary research was conducted to find out detailed information about mergers & acquisitions, collaborations, joint ventures, and agreements. At the same time, we have derived significant information about the market dynamics associated with growth drivers, trends, and obstacles.
The report for Global Automotive Sensors Market of Fortune Business Insights covers extensive primary research. This is accompanied with detailed analysis of qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance. The report gives a clear picture of the current market scenario, which includes the historical and forecasted market size, in terms of value and volume, technological advancement, macroeconomic, and governing factors of the market. The report provides comprehensive information about the strategies of the top companies in the industry, along with a broad study of the different market segments and regions.
Market Segmentation:
The Global Automotive Coil Spring Market is segmented in to key dynamics for the convenience of the report and enhanced understanding;
The market for Automotive Coil Springs is segmented By Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles), By Coil Spring Type (Compression Springs, Extension or Tension Springs, Torsion Springs), By Market (Aftermarket, OEMs).
Regional And Competitive Analysis:
Asia Pacific is set to lead the automotive coil spring market share in the forthcoming years owing to the consistently high demand for passenger and commercial vehicles, especially in India, China, and Vietnam. In response, several auto industry giants have set up their bases in these countries to cater more efficiently to the local demand. Furthermore, domestic vehicle manufacturers are also readily investing and adopting new automotive technologies to enhance their offerings. In North America, a robust logistics sector and strong industrial activities are fueling the uptake of automotive coil springs. Meanwhile, in Europe, the presence of dominant automakers such as Volkswagen and PSA Group will create a healthy growth environment for the market.
In order to remain competitive in this market, key players are constantly engaged in developing innovative suspension solutions, aligning their strategies with the evolving consumer needs and government regulations. Companies are expanding their client base by offering a diversified range of products to automakers and original equipment manufacturers (OEMs). For example, Monroe has developed an exciting suite of shock absorbers for Audi models, covering nearly 83.5% of the carmaker's models. The company also has a strong brand presence in Poland and Germany, with its manufacturing facility in Poland producing advanced shocks for Volkswagen.
This report focuses on Automotive Coil Spring Global Market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application. Regional analysis is another highly comprehensive part of the research and analysis study of the global market presented in the report. This section sheds light on the sales growth of different regional and country-level markets. For the historical and forecast period to 2026, it provides detailed and accurate country-wise volume analysis and region-wise market size analysis of the global market.
Automotive Coil Spring Highlights of the Report:
Market Penetration: Comprehensive information on the product portfolios of the top players in the Supply Chain Analytics market. Product Development/Innovation: Detailed insights on the upcoming technologies, RandD activities, and product launches in the market Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Supply Chain Analytics market Competitive Analysis And Industry News:
The Automotive Coil Spring Industry , Growth report examines competitive scenario by analyzing key players in the market. The company profiling of leading market players is included this report with Porter's five forces analysis and Value Chain analysis. Further, the strategies exercised by the companies for expansion of business through mergers, acquisitions, and other business development measures are discussed in the report. The financial parameters which are assessed include the sales, profits and the overall revenue generated by the key players of Market.
Key questions answered in the report:
What will the market growth rate of Automotive Coil Spring market in 2026? What are the key factors driving the global Automotive Coil Spring market? Who are the key manufacturers in Automotive Coil Spring Industry space? What are the market opportunities, market risk and market overview of the Automotive Coil Spring Global market? What are sales, revenue, and price analysis of top manufacturers of Automotive Coil Spring Global market? What are sales, revenue, and price analysis by types and applications of Automotive Coil Spring market? What are sales, revenue, and price analysis by regions of Automotive Coil Spring industry? Table Of Content:
1 Market Overview
1.1 Automotive Coil Spring Introduction
1.2 Market Analysis by Type
1.3 Market Analysis by Applications
1.4 Market Analysis by Regions
1.4.1 North America (United States, Canada and Mexico)
1.4.1.1 United States Market States and Outlook (2020-2026)
1.4.1.2 Canada Market States and Outlook (2020-2026)
1.4.1.3 Mexico Market States and Outlook (2020-2026)
1.4.2 Europe (Germany, France, UK, Russia and Italy)
1.4.2.1 Germany Market States and Outlook (2020-2026)
1.4.2.2 France Market States and Outlook (2020-2026)
1.4.2.3 UK Market States and Outlook (2020-2026)
1.4.2.4 Russia Market States and Outlook (2020-2026)
1.4.2.5 Italy Market States and Outlook (2020-2026)
1.4.3 Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
1.4.3.1 China Market States and Outlook (2020-2026)
1.4.3.2 Japan Market States and Outlook (2020-2026)
1.4.3.3 Korea Market States and Outlook (2020-2026)
1.4.3.4 India Market States and Outlook (2020-2026)
1.4.3.5 Southeast Asia Market States and Outlook (2020-2026)
1.4.4 South America, Middle East and Africa
1.4.4.1 Brazil Market States and Outlook (2020-2026)
1.4.4.2 Egypt Market States and Outlook (2020-2026)
1.4.4.3 Saudi Arabia Market States and Outlook (2020-2026)
1.4.4.4 South Africa Market States and Outlook (2020-2026)
1.4.4.5 Turkey Market States and Outlook (2020-2026)
1.5 Market Dynamics
1.5.1 Market Opportunities
1.5.2 Market Risk
1.5.3 Market Driving Force
2 Manufacturers Profiles
3 Global Automotive Coil Spring Sales, Revenue, Market Share and Competition by Manufacturer (2017-2018)
3.1 Global Automotive Coil Spring Sales and Market Share by Manufacturer (2017-2018)
3.2 Global Automotive Coil Spring Revenue and Market Share by Manufacturer (2017-2018)
3.3 Market Concentration Rate
3.3.1 Top 3 Automotive Coil Spring Manufacturer Market Share in 2018
3.3.2 Top 6 Automotive Coil Spring Manufacturer Market Share in 2018
3.4 Market Competition Trend
4 Global Automotive Coil Spring Market Analysis by Regions
4.1 Global Automotive Coil Spring Sales, Revenue and Market Share by Regions
4.1.1 Global Automotive Coil Spring Sales and Market Share by Regions (2020-2019)
4.1.2 Global Automotive Coil Spring Revenue and Market Share by Regions (2020-2019)
4.2 North America Automotive Coil Spring Sales and Growth Rate (2020-2019)
4.3 Europe Automotive Coil Spring Sales and Growth Rate (2020-2019)
4.4 Asia-Pacific Automotive Coil Spring Sales and Growth Rate (2020-2019)
4.5 South America Automotive Coil Spring Sales and Growth Rate (2020-2019)
4.6 Middle East and Africa Automotive Coil Spring Sales and Growth Rate (2020-2019)
5 North America Automotive Coil Spring by Country
5.1 North America Automotive Coil Spring Sales, Revenue and Market Share by Country
5.1.1 North America Automotive Coil Spring Sales and Market Share by Country (2020-2019)
5.1.2 North America Automotive Coil Spring Revenue and Market Share by Country (2020-2019)
5.2 United States Automotive Coil Spring Sales and Growth Rate (2020-2019)
5.3 Canada Automotive Coil Spring Sales and Growth Rate (2020-2019)
5.4 Mexico Automotive Coil Spring Sales and Growth Rate (2020-2019)
8 South America Automotive Coil Spring by Country
8.1 South America Automotive Coil Spring Sales, Revenue and Market Share by Country
8.1.1 South America Automotive Coil Spring Sales and Market Share by Country (2020-2019)
8.1.2 South America Automotive Coil Spring Revenue and Market Share by Country (2020-2019)
8.2 Brazil Automotive Coil Spring Sales and Growth Rate (2020-2019)
8.3 Argentina Automotive Coil Spring Sales and Growth Rate (2020-2019)
8.4 Colombia Automotive Coil Spring Sales and Growth Rate (2020-2019)
9 Middle East and Africa Automotive Coil Spring by Countries
9.1 Middle East and Africa Automotive Coil Spring Sales, Revenue and Market Share by Country
9.1.1 Middle East and Africa Automotive Coil Spring Sales and Market Share by Country (2020-2019)
9.1.2 Middle East and Africa Automotive Coil Spring Revenue and Market Share by Country (2020-2019)
9.2 Saudi Arabia Automotive Coil Spring Sales and Growth Rate (2020-2019)
9.3 Turkey Automotive Coil Spring Sales and Growth Rate (2020-2019)
9.4 Egypt Automotive Coil Spring Sales and Growth Rate (2020-2019)
9.5 Nigeria Automotive Coil Spring Sales and Growth Rate (2020-2019)
10 Automotive Coil Spring Market In Developing Conutries
11 South America Automotive Coil Spring Market Analysis by Countries
12 Competitive Landscape
13 Industry Outlook
13.1 Market Driver Analysis
13.1.2 Market Restraints Analysis
13.1.3 Market Trends Analysis
13.2 Merger, Acquisition and New Investment
13.3 News of Product Release
14 Global Automotive Coil Spring Market Forecast
15 New Project Feasibility Analysis
15.1 Industry Barriers and New Entrants SWOT Analysis
15.1.1 Porter's Five Forces Analysis
15.1.2 New Entrants SWOT Analysis
15.2 Analysis and Suggestions on New Project Investment
Continued…
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