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Opportunities For The Global Automotive Composite Suspension Components Market To Grow
According to a new market report published by Lucintel, the future of the global automotive composite suspension components market looks attractive with opportunities in the markets of passenger cars, light commercial vehicles, and medium & heavy commercial vehicles. The global automotive composite suspension components market is expected to grow at a CAGR of 4.9% from 2019 to 2024. The major drivers for this market are growth in automotive production and increasing demand for lightweight materials to achieve high fuel efficiency and reduce carbon emissions.
Composites are used for leaf springs, coil springs, and stabilizer bars. On the basis of comprehensive research, composite leaf springs will remain the largest segment and witness the highest growth over the forecast period because composite leaf springs are lighter weight and offer better durability compared to steel springs.
Within the automotive composite suspension components market, the end use industry of passenger cars and light commercial vehicles will remain the largest and witness the highest growth over the forecast period due to increasing penetration of composite leaf springs to reduce vehicle weight.
Europe will remain the largest region by value and volume over the forecast period due to stringent government regulations to increase fuel efficiency and lower carbon emissions. APAC is expected to witness the highest growth over the forecast period due to increasing penetration of composites leaf springs.
An emerging trend, which has a direct impact on the dynamics of the industry, includes development of CFRP leafsprings for heavy commercial vehicles. Liteflex, Sogefi Group, Mubea Fahrwerkstechnologien, IFA Composite, and Henderickson are among the major suppliers of the global automotive composites suspension market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities of the global automotive composite suspension components market by component, vehicle, process, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Global Automotive Composite Suspension Components Market 2019-2024: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global automotive composite suspension Components market by components, vehicle, process, and region as follows:
By Component (Volume (Million Pounds) and $M shipment analysis for 2013 – 2024):
• Leaf Spring
• Coil Spring
• Stabilizer Bar
By Vehicle (Volume (Million Pounds) and $M shipment analysis for 2013 – 2024):
• Passenger car and light commercial vehicle
• Medium and heavy commercial vehicles
By Process (Volume (Million Pounds) and $M shipment analysis for 2013 – 2024):
• Resin Transfer Molding
• Prepreg Lay Up
• Compression Molding
By Region (Volume (Million Pounds) and $M shipment analysis for 2013 – 2024):
• North America
• Asia Pacific
• The Rest of the World
This 168-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email@example.com. Lucintel offerings include advanced materials reports, composite materials market report, strategic growth consulting, market research due diligence and business strategy consulting.
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. We offer market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high-growth opportunities for the global automotive composite suspension components market by component (leaf spring, coil spring and stabilizer bar), vehicle (passenger car and light commercial vehicle, medium and heavy commercial vehicle and others) process (resin transfer molding, prepreg lay up and compression molding) and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are emerging trends in this market and the reasons behind them?
Q.7 What are some changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this market?
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