Micro Market Research
+1-888-502-0539
US/CAN Toll Free

You are here :   Home     Automotive     Markets ( OEM / AM / Reman )     OEM Components     Body & Chassis     Suspension    
Real Time Market Research & Industry Analysis - MicroMarketMonitor

Europe Leaf Spring Market By Vehicle Type (LCVs and HCVs), By Material (steel and glass fiber reinforced plastic), and By Geography - Trends and Forecast to 2021

  • Report Code: LE 1001
  • Publish Date: Jul 2016
  • Number of Pages: 64
  
Description
Table of Contents
Customer Intelligence
Summary
Inquiry Before Buying Ask for Discount

The leaf spring is one of the oldest and simplest types of suspension systems used in automobiles. However, the growing inclination towards comfort and luxury led to technological advancements in the design of suspension systems, which eventually resulted in the emergence of new and efficient suspension systems such as the active and air suspension systems. These systems have surpassed leaf springs in terms of popularity and usage. At present, most automobiles—especially passenger cars and LCVs—are equipped with coil springs with gas or air suspension and shock absorbers. Leaf springs still dominate the commercial vehicle segment, owing to the advantage of uniform load distribution over the vehicle chassis. Additionally, the leaf spring suspension is simple in design, and the system has a high load bearing capacity compared to modern suspension systems such as coil spring suspension.


The Europe Leaf Spring market is projected to grow at a CAGR of 3.63% between 2016 and 2021. The growth of this market can be attributed to increasing commercial vehicle production. Commercial vehicle production increased by 9% in 2015 compared to the previous year. This indicates promising growth potential, as several countries in the region are still recovering from the economic crisis of 2008. Germany is estimated to be the largest market for leaf springs in the region, followed by Turkey and Italy. Higher production is estimated to be the main driver for the growth of leaf spring market in LCV segment. The leaf spring market in LCV segment is projected to grow at the nominal CAGR of 3.07% during the review period. Furthermore, growing environmental and health concerns have compelled automakers to decrease vehicle weight in order to reduce harmful emissions and increase fuel economy. Substantial research has therefore been conducted to decrease the weight of the leaf spring suspension system. Newer materials, such as GFRP, which are lighter and perform as well as steel, have been developed for leaf springs. However, their application is limited, owing to high cost.
 

The Europe Leaf Spring market research report analyzes adoption trends of Leaf Springs, future growth potential, key drivers, restraints, and opportunities for the Leaf Springs. The report also analyzes market sizes and revenue forecasts across different countries of the Europe region as well as verticals. Germany is expected to lead the Europe Leaf Spring market in 2016, followed by Turkey. Commercial vehicle production in Germany is estimated to reach 2,701 thousand units in 2016. Economic growth, industrialization, and increased urbanization in Europe have accelerated the demand for commercial vehicles in the region. The increasing demand for commercial vehicles is expected to drive the market for leaf springs in Europe.


LCVs are estimated to hold the largest share in the leaf spring market in terms of volume, owing to their increased production in the region. LCV production in Europe grew by 9.43% in 2015 compared to 2014. Similarly, HCV production increased by 2% in 2015. Several LCV manufacturers have continued to use leaf spring suspension in their models; however, the trend is declining. Leaf spring suspension is best suited for HCVs, as it distributes the vehicle weight equally across the chassis of the vehicle. Furthermore, the load-carrying capacity of the leaf spring is higher than any other type of suspension system. These factors make the leaf spring the preferred suspension system for HCVs. The HCV segment of the European leaf spring market is projected to grow at a CAGR of 4.13% from 2016 to 2021.


The key players (manufacturers) operating in this market include Hendrickson International (U.S.), Frauenthal Holding AG (Austria), and Olguncelik A.S. (Turkey).



1 Introduction
    1.1 Objectives of The Study
    1.2 Market Segmentation & Coverage
    1.3 Stakeholders


2 Research Methodology
    2.1 Integrated Eco of Leaf Spring Market
    2.2 Arriving At The Apac Leaf Spring Market Size
           2.2.1 Top-Down Approach
           2.2.2 Bottom-Up Approach
           2.2.3 Demand-Side Approach
           2.2.4 Macro-Indicator Based Approach
    2.3 assumptions


3 Executive Summary


4 Market Overview
    4.1 Introduction
    4.2 Leaf Spring Market: Comparison With Parent Market
    4.3 Market Drivers And Inhibitors
    4.4 Key Market Dynamics


5 Europe Leaf Spring Market, By Vehicle Type
    5.1 Introduction
    5.2 Europe Leaf Spring Market, Product Comparison With Parent Market
    5.3 Europe Leaf Spring Market In Lcv Market,By Geography
    5.4 Europe Leaf Spring Market In Hcv Market, By Geography


6 Europe Leaf Spring Market, By Material
    6.1 Introduction
    6.2 Europe Leaf Spring Market In Steel Market, By Geography
    6.3 Europe Leaf Spring Market In Glass Fiber Reinforced Plastic Market, By Geography


7 Leaf Spring Market, By Geography
    7.1 Introduction
    7.2  Germany Leaf Spring Market
           7.2.1  Germany Leaf Spring Market, By Solution
           7.2.2  Germany Leaf Spring Market, By Application
           7.2.3  Germany Leaf Spring Market, By Vertical
    7.3 U.K. Leaf Spring Market
           7.3.1 U.K. Leaf Spring Market, By Solution
           7.3.2 U.K. Leaf Spring Market, By Application
           7.3.3 U.K. Leaf Spring Market, By Vertical
    7.4 France Leaf Spring Market
           7.4.1 France Leaf Spring Market, By Solution
           7.4.2 France Leaf Spring Market, By Application
           7.4.3 France Leaf Spring Market, By Vertical
    7.5 Spain Leaf Spring Market
           7.5.1 Spain Leaf Spring Market, By Solution
           7.5.2 Spain Leaf Spring Market, By Application
           7.5.3 Spain Leaf Spring Market, By Vertical
    7.6 Turkey Leaf Spring Market
           7.6.1 Turkey Leaf Spring Market, By Solution
           7.6.2 Turkey Leaf Spring Market, By Application
           7.6.3 Turkey Leaf Spring Market, By Vertical
    7.7 Italy Leaf Spring Market
           7.7.1 Italy Leaf Spring Market, By Solution
           7.7.2 Italy Leaf Spring Market, By Application
           7.7.3 Italy Leaf Spring Market, By Vertical
    7.8 Rest of Europe Leaf Spring Market
           7.8.1 Rest of Europe Leaf Spring Market, By Solution
           7.8.2 Rest of Europe Leaf Spring Market, By Application
           7.8.3 Rest of Europe Leaf Spring Market, By Vertical


8 Europe Leaf Spring Market: Competitive Landscape
    8.1 Industry Coverage Analysis
    8.2 Mergers & Acquisitions
    8.3 Product Launch
    8.4 Expansions
    8.5 Product Agreement


9 Europe Leaf Spring Market, By Company (Overview, Financials, Products & Services, Strategy, And Developments)*
    9.1 Hendrickson International.
    9.2 Frauenthal Holding Ag  
    9.3 Olguncelik A.S.
    9.4 (X)Matters *Details on Overview, Financials, Product & Services, Strategy, And Developments Might Not Be Captured In Case of Unlisted Company

10 Appendix
     10.1 Customization Options
     10.2 Related Reports
     10.3 Introducing Rt: Real Time Market Intelligence
             10.3.1 Rt Snapshots


List of Tables

Table 1 Europe Leaf Spring Peer Market Size, 2016 (USD Million)
Table 2 Apac Leaf Spring Vertical Market, 2016 (USD Million)
Table 3 Europe Leaf Spring Market: Macro-Indicator,By Geography, 2016 (USD Million)
Table 4 Europe Leaf Spring Market: Comparison With Parent Market, 2016-2021 (USD Million)
Table 5 Europe Leaf Spring Market: Drivers And Inhibitors
Table 6 Europe Leaf Spring Market, By Application, 2016 - 2021 (USD Million)
Table 7 Europe Leaf Spring Market, By Geography, 2016 - 2021 (USD Million)
Table 8 Europe Leaf Spring Market, By Solution, 2016 - 2021 (USD Million)
Table 9 Europe Leaf Spring Market, By Product, 2016 - 2021 (USD Million)
Table 10 Europe Leaf Spring Market, By Vertical, 2016 - 2021 (USD Million)
Table 11 Europe Leaf Spring Market, By Product, 2016-2021 (USD Million)
Table 12 Europe Leaf Spring Market: Product Comparison With Parent Market, 2016-2021 (USD Million)
Table 13 Europe Leaf Spring Market In Hardware Market, By Geography, 2016-2021 (USD Million)
Table 14 Europe Leaf Spring Market In Software & Services Market, By Geography, 2016-2021 (USD Million)
Table 15 Europe Leaf Spring Market, By Solution, 2016-2021 (USD Million)
Table 16 Europe Leaf Spring Market In In-Building Solution Market, By Geography, 2016-2021 (USD Million)
Table 17 Europe Leaf Spring Market In Wide-Area Solution Market, By Geography, 2016-2021 (USD Million)
Table 18 Europe Leaf Spring Market In Distributed Recipient Solution Market, By Geography, 2016-2021 (USD Million)
Table 19 Europe Leaf Spring Market, By Application, 2016-2021 (USD Million)
Table 20 Europe Leaf Spring Market In Interoperable Emergency Communication Market, By Geography, 2016-2021 (USD Million)
Table 21 Europe Leaf Spring Market In Business Continuity & Disaster Recovery Market, By Geography, 2016-2021 (USD Million)
Table 22 Europe Leaf Spring Market In Integrated Public Alert & Warning Market, By Geography, 2016-2021 (USD Million)
Table 23 Europe Leaf Spring Market In Business Operation Market, By Geography, 2016-2021 (USD Million)
Table 24 Europe Leaf Spring Market, By Vertical, 2016-2021 (USD Million)
Table 25 Europe Leaf Spring Market In Education, By Geography, 2016-2021 (USD Million)
Table 26 Europe Leaf Spring Market In Defense, By Geography, 2016-2021 (USD Million)
Table 27 Europe Leaf Spring Market In Healthcare, By Geography, 2016-2021 (USD Million)
Table 28 Europe Leaf Spring Market In Energy & Power, By Geography, 2016-2021 (USD Million)
Table 29 Europe Leaf Spring Market, By Geography, 2016-2021 (USD Million)
Table 30  Germany Leaf Spring Market, By Solution, 2016-2021 (USD Million)
Table 31  Germany Leaf Spring Market, By Application, 2016-2021 (USD Million)
Table 32  Germany Leaf Spring Market, By Vertical, 2016-2021 (USD Million)
Table 33 U.K. Leaf Spring Market, By Solution, 2016-2021 (USD Million)
Table 34 U.K. Leaf Spring Market, By Application, 2016-2021 (USD Million)
Table 35 U.K. Leaf Spring Market, By Vertical, 2016-2021 (USD Million)
Table 36 France Leaf Spring Market, By Solution, 2016-2021 (USD Million)
Table 37 France Leaf Spring Market, By Application, 2016-2021 (USD Million)
Table 38 France Leaf Spring Market, By Vertical, 2016-2021 (USD Million)
Table 39 Europe Leaf Spring Market: Mergers & Acquisitions
Table 40 Europe Leaf Spring Market: Product Launch
Table 41 Europe Leaf Spring Market: Product Upgrade
Table 42 Apac Leaf Spring Market: Product Agreement
Table 43 Cooper Industries (Eaton Corporation): Key Financials, 2010-2016 (USD Million)
Table 44 Cooper Industries (Eaton Corporation): Revenue, By Business Segment, 2010-2016 (USD Million)
Table 45 Cooper Industries (Eaton Corporation): Revenue, By Geography, 2010-2016 (USD Million)
Table 46 Key Financials Honeywell: Key Financials, 2011-2016 (USD Million)
Table 47 Geographic Revenue Mix, 2010-2016 (USD Million)
Table 48 Business Revenue Mix, 2010-2016 (USD Million)


List of Figures

Figure 1 Europe Leaf Spring Market: Segmentation & Coverage
Figure 2 Leaf Spring Market: Integrated Eco
Figure 3 Research Methodology
Figure 4 Top-Down Approach
Figure 5 Bottom-Up Approach
Figure 6 Demand-Side Approach
Figure 7 Macro-Indicator Based Approach
Figure 8 Europe Leaf Spring Market, 2016 Snapshot
Figure 9 Leaf Spring Market: Growth aspects
Figure 10 Leaf Spring Market: Comparison With Parent Market
Figure 11 Europe Leaf Spring , By Application, 2016 & 2021 (USD Million)
Figure 12 Europe Leaf Spring Market, By Product, 2016 & 2021 (USD Million)
Figure 13 Europe Leaf Spring Market: Product Comparison With Market, 2016-2021 (USD Million)
Figure 14 Europe Leaf Spring Market In Hardware Market, By Geography, 2016-2021 (USD Million)
Figure 15 Europe Leaf Spring Market In Software & Services Market, By Geography, 2016-2021 (USD Million)
Figure 16 Europe Leaf Spring Market, By Solution, 2016 & 2021 (USD Million)
Figure 17 Europe Leaf Spring Market In In-Building Solutions Market, By Geography, 2016-2021 (USD Million)
Figure 18 Europe Leaf Spring Market In Wide-Area Solution Market, By Geography, 2016-2021 (USD Million)
Figure 19 Europe Leaf Spring Market In Distributed Recipient Solution Market, By Geography, 2016-2021 (USD Million)
Figure 20 Europe Leaf Spring Market, By Application, 2016 & 2021 (USD Million)
Figure 21 Europe Leaf Spring Market In Interoperable Emergency Communication Market, By Geography, 2016-2021 (USD Million)
Figure 22 Europe Leaf Spring Market In Business Continuity & Disaster Recovery Market, By Geography, 2016-2021 (USD Million)
Figure 23 Europe Leaf Spring Market In Integrated Public Alert & Warning Market, By Geography, 2016-2021 (USD Million)
Figure 24 Europe Leaf Spring Market In Business Operation Market, By Geography, 2016-2021 (USD Million)
Figure 25 Europe Leaf Spring Market, By Vertical, 2016 & 2021 (USD Million)
Figure 26 Education
Figure 27 Defense
Figure 28 Healthcare
Figure 29 Europe Leaf Spring Market In Education, By Geography, 2016-2021 (USD Million)
Figure 30 Europe Leaf Spring Market In Defense, By Geography, 2016-2021 (USD Million)
Figure 31 Europe Leaf Spring Market In Healthcare, By Geography, 2016-2021 (USD Million)
Figure 32 Europe Leaf Spring Market In Energy & Power, By Geography, 2016-2021 (USD Million)
Figure 33 Europe Leaf Spring Market: Growth Analysis, By Geography, 2016-2021 (USD Million)
Figure 34  Germany Leaf Spring Market Overview, 2016 & 2021
Figure 35  Germany Leaf Spring Market, By Solution, 2016 - 2021 (USD Million)
Figure 36  Germany Leaf Spring Market Share, By Solution, 2016 & 2021
Figure 37  Germany Leaf Spring Market, By Application, 2016-2021 (USD Million)
Figure 38  Germany Leaf Spring Market: Application Snapshot
Figure 39  Germany Leaf Spring Market, By Vertical, 2016 - 2021 (USD Million)
Figure 40  Germany Leaf Spring Market Share, By Vertical, Snapshot2016 & 2021
Figure 41 U.K. Leaf Spring Market Overview, 2016 & 2021
Figure 42 U.K. Leaf Spring Market, By Solution, 2016-2021 (USD Million)
Figure 43 U.K. Leaf Spring Market Share, By Solution, 2016-2021
Figure 44 U.K. Leaf Spring Market, By Application, 2016-2021 (USD Million)
Figure 45 U.K. Leaf Spring Market: Application Snapshot
Figure 46 U.K. Leaf Spring Market, By Vertical, 2016 - 2021 (USD Million)
Figure 47 U.K. Leaf Spring Market Share, By Vertical, Snapshot2016 & 2021
Figure 48 France Leaf Spring Market Overview, 2016 & 2021
Figure 49 France Leaf Spring Market, By Solution,2016-2021 (USD Million)
Figure 50 France Leaf Spring Market: Type Snapshot
Figure 51 France Leaf Spring Market, By Application,2016 - 2021 (USD Million)
Figure 52 France Leaf Spring Market: Application Snapshot
Figure 53 France Leaf Spring Market, By Vertical,2016 - 2021 (USD Million)
Figure 54 France Leaf Spring Market Share, By Vertical, Snapshot 2016 & 2021
Figure 55 Industry Coverage Analysis
Figure 56 Eaton Revenue Mix, 2016
Figure 57 Honeywell Revenue Mix, 2016

The leaf spring suspension system is one of the oldest suspension technologies used in automobiles. Leaf springs have been frequently featured in automobiles since the 1970s. Leaf spring suspension is considered the simplest and subsequently the most suitable suspension technology for commercial vehicles. The emergence of coil spring independent suspension has led to a decline in the demand for leaf spring suspension in the passenger car segment. The European automotive industry is one of the largest and oldest industries. Germany is the fourth-largest vehicle producer in the world, after China, the U.S., and Japan. Commercial vehicle production in Europe increased by 9% in 2015 compared to 2014. This rise in production will likely drive the demand for leaf springs in the region.The European leaf spring market is estimated to be USD 394.6 million in 2016, and is projected to reach USD 471.7 million by 2021, growing at a CAGR of 3.63% from 2016 to 2021.


On the basis of vehicle type, the Europe Leaf Spring market has been divided into two segments, which include Light Commercial vehicle (LCV) and Heavy Commercial Vehicle (HCV). Presently, the LCVs are estimated to hold the largest share in the leaf spring market in terms of volume, owing to their increased production in the region. LCV production in Europe grew by 9.43% in 2015 compared to 2014. Similarly, HCV production increased by 2% in 2015. Several LCV manufacturers have continued to use leaf spring suspension in their models; however, the trend is declining. Leaf spring suspension is best suited for HCVs, as it distributes the vehicle weight equally across the chassis of the vehicle. Furthermore, the load-carrying capacity of the leaf spring is higher than any other type of suspension system. These factors make the leaf spring the preferred suspension system for HCVs. The HCV segment of the European leaf spring market is projected to grow at a CAGR of 4.13% from 2016 to 2021.

 
On the basis of material, the Europe Leaf Spring market has been classified into steel and glass fiber reinforced plastic. Steel leaf springs are estimated to dominate the European leaf spring market during the forecast period. As per the product mapping, till 2015, both, LCVs and HCVs were predominantly equipped with steel leaf springs, with GFRP leaf springs having a limited presence (equipped from the OE’s end). However, there are multiple aftermarket options for GFRP leaf springs; for instance, the Mercedes Sprinter. GFRP leaf springs are expected to be introduced in the OE market by 2021. These springs are projected to reach a market size of USD 4.2 million by 2021. This growth can be attributed to the growing pressure from regulatory bodies to curb vehicular emissions and increase fuel efficiency. GFRP leaf springs can be more than 80% lighter than steel leaf springs. This helps in reducing the overall weight of the vehicle, thereby improving fuel efficiency. Currently, extensive research is being conducted to create lightweight technologies for vehicle suspension systems. Numerous companies are attempting to develop new materials and efficient manufacturing processes to reduce production costs.


Europe Leaf Spring Market, By Country

 

 

Note: The markets represented in the above figure indicate the OEM market, in terms of value
*Others include Austria, Sweden, and Denmark
e-Estimated, p-Projected
Source: Secondary Research, Expert Interviews, and Micromarket Monitor analysis


The OEM demand for leaf springs is directly linked to commercial vehicle production, and increased production has spurred the demand for leaf springs in the region. Commercial vehicle production increased by 9% in 2015 compared to the previous year. This indicates promising growth potential, as several countries in the region are still recovering from the economic crisis of 2008. Germany is estimated to be the largest market for leaf springs in the region, followed by Turkey and Italy.


Additionally, the emission standards in Europe are especially stringent; automotive OEMs as well as leaf spring manufacturers in the region have conducted extensive R&D to enable their products to comply with these standards. Some leaf spring manufacturers have developed composite leaf springs that are lighter and offer structural strength equal to that of steel.

Custom Market Research Services
We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

Please visit http://www.micromarketmonitor.com/custom-research-services.html to specify your custom Research Requirement
PRODUCT TITLE PUBLISHED
Asia and Oceania Suspension Asia and Oceania Suspension
The demand for the suspension systems is co-related with the production and the demand for automobiles and hence most of the major suspension systems manufactures have also shifted their focus on the emerging markets of Asia-Pacific region, making it the leading region for automobile suspension systems as well. The Asia-Oceania Suspension systems market was valued at $23.55 billion in 2013, and expected to grow at 7.1% annually. It is projected to reach $33.14 billion by the end of 2018.
Upcoming
Europe Suspension Europe Suspension
The suspension system in a vehicle is a point of concern as it forms a key part of the vehicles’ chassis, as it provides comfort to the occupants and at the same time protects all the components of the vehicle from jerks caused due to uneven road conditions. To meet the required suspension standards and to abide by the government regulations, advanced technologies are being implemented in the suspension systems used in vehicles produced in the region to help minimize the discomfort, lower the vehicle weight , increase suspension efficiency and eventually the fuel economy of the vehicle The European suspension systems market was valued at $12.55 billion in 2013, to grow at 2.8% annually. It is projected to reach $14.44 billion by the end of 2018.
Upcoming
North America Suspension North America Suspension
All the factors like new product launch coupled with low-cost credit, rising household income, along with better government regulations have resulted in the increase in production of vehicles, which has ultimately resulted in better scope for the automobile suspension systems manufacturers in this region. The North American Suspension systems market was valued at $12.06 billion in 2013, to grow at 6.3% annually. It is projected to reach $16.36 billion by the end of 2018.
Upcoming
of items
reports | Show
Connect With Us
US/CAN : +1-888-502-0539
Suspension