Lucintel Forecasts The Global Automotive Composite Suspension Components Market To Reach $65 Billion By 2031

By Author: Lucintel LLC
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According to a market report by Lucintel, the future of the global automotive composite suspension components market looks promising with opportunities in the markets of passenger cars, light commercial vehicles, and medium & heavy commercial vehicles market. The global automotive composite suspension components market is expected to reach an estimated $65 billion by 2031 from $51 billion in 2024, at a CAGR of 3% from 2024 to 2031. 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.
A more than 150-page report to understand trends, opportunity and forecast in automotive composite suspension components market to 2031 by component (leaf spring, coil spring, and stabilizer bar), vehicle type (passenger car and light commercial vehicle, mid-seized and heavy commercial vehicle, and other vehicle types), process (resin transfer molding, prepreg lay up, and compression molding), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that 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.
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.
Download sample by clicking on automotive composites suspension components market.
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.
Liteflex, Sogefi Group, Mubea Fahrwerkstechnologien, IFA Composite, Henderickson, Benteler, Hyperco, ARC Industries are the major suppliers in the automotive composites suspension components market.
This unique 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 write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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