An automotive coil spring is a form of spring that is commonly used for suspension purposes in wheeled vehicles. Coil springs were called a carriage spring, and sometimes it was referred to as a helical spring. A coil spring is that device which is used for storing the mechanical energy. Coil springs absorbs shocks and release after some time .Coil spring maintains the force between two contacting surfaces and make sufficient gap between them. Coil springs can be used as torsion springs and they are formed by winding a wire on the periphery of cylinder.
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Automotive Coil Spring Market Dynamics:
The overall market for automotive coil spring is likely to grow steadily during the forecast period. Rising demand for medium and heavy commercial vehicles for bulk transportation is one of the key drivers for this market. Additionally, there is a rise in the usage of light-, medium -, and heavy-duty vehicles in developing countries due to the increasing preference for road transportation. There are some challenges such as, overweight on vehicle can cause spring damage and corrosion is also a serious problem due to which coil springs can break. Lack of proper spring coating is also a very big challenge. There is an opportunity in automotive coil spring market such that, as for automotive coil spring, its weight-saving has been achieved by increasing the design stress.
Automotive Coil Spring Market Segmentation:
on the basis of application
- Light commercial vehicle
- Medium and High commercial vehicle trucks
- Medium and High commercial vehicle buses.
- Other commercial vehicles
on the basis of coil spring types
- Tension/extension coil springs
- Compression coil springs
- Torsion springs
- Volute springs
- Bukling springs
- Mattress springs
- Upholstery springs
Automotive coil spring market can be segmented on the basis of
- Alloy Steel
- Carbon Steel
- Copper Base Alloy
- Nickel Base Alloy
- Stainless Steel
Automotive Coil Spring Market Regional Overview:
The global automotive coil spring market is divided into seven regions, namely North America, Latin America, Asia Pacific excluding Japan (APEJ), Western Europe, Eastern Europe, Japan and Middle East and Africa (MEA). North America and Eastern Europe holds the major share in the global automotive coil spring market in terms of production and revenue sharing.
Automotive Coil Spring Market Regional Segmentation:
Asia Pacific is likely to dominate the global market due to progress in economic conditions, increasing vehicle production, and rising investments by leading industry players in the region. Growing adoption of road transport for cargo services is likely to boost the overall automotive coil spring market significantly in this region.
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Key Players of Automotive Coil Spring Market:
- Jamna Auto Industries
- FAW Group
- Dongfeng Motor
- Olgun Celik
- Kilen Springs
- Draco Spring Mfg. Co.
- Renton Coil Spring Co.
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