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Automotive Spring Market Share

Report ID: GMI2334
Published Date: Oct 2023
Report Format: PDF

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Automotive Spring Market Share

Some of the major market players operating in the automotive spring market are:

NHK Spring Co.Ltd
Sogefi Group
Mubea Fahrwerksfedern GmbH
Hendrickson USA L.L.C
Jamna Auto Industries Ltd.
Rassini S.A.B.De C.V.
Draco Spring Manufacturing Company
Betts Spring Manufacturing
Lesjöfors AB
Hyperco
M W Components
UNI AUTO-PARTS CO., LTD
Tata AutoComp Systems Ltd.
Stanley Spring & Stamping Corporation
Mack Springs

These players focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of automotive spring reached USD 3.5 billion in 2022 and is set to record USD 16.5 billion by the end of 2032, due to the ongoing trends towards electrification and autonomous driving across the globe.

The coil springs segment exceeded USD 1 billion revenue in 2022, on account of the growing demand for advanced materials and design techniques.

U.S. market size crossed USD 950 million in 2022, owing to the higher emphasis on permaterialance and customization across the country.

NHK Spring Co.Ltd, Sogefi Group, Mubea Fahrwerksfedern GmbH, Hendrickson USA L.L.C, Jamna Auto Industries Ltd., Rassini S.A.B.De C.V., Draco Spring Manufacturing Company, Betts Spring Manufacturing, Lesjöfors AB, Hyperco, and M W Components are some automotive spring suppliers.