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Leaf Spring Market 2018: Global Industry Analysis By Top Key Players (Hubei Shenfeng, Eaton Detroit Spring, Mitsubishi Steel)-The 20th China (Guangzhou) Int’l Spring Industry Exhibition
9/20/2018 弹簧展- Spring Industry Exhibition-Spring expo |
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The Research begins with the Overview of “Global Leaf Spring Market” Analysing Industrial Chain, Sourcing Strategy and Downstream Buyers. The Research also provide Information about Manufacturers, Market Competition, Cost, Market Effect Factors with Market Forecast (2018-2023). This enables the buyer of the report to gain a telescopic view of the competitive landscape and plan the strategies accordingly.
Leaf Spring is a simple form of spring commonly used for the suspension in wheeled vehicles. Usually, Leaf spring is assembly of several leaf springs which is made of steel. At present, leaf spring assembly is mostly applied on commercial vehicles.
Leaf spring assembly has its advantages compared to the coil spring. Leaf spring assembly has a stronger bearing capacity but a weaker comfort.
The worldwide market for Leaf Spring is expected to grow at a CAGR of roughly 1.3% over the next five years, will reach 3310 million US$ in 2023, from 3060 million US$ in 2017.
This report focuses on the Leaf Spring in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
Due to developing of commercial vehicle market, demand of Leaf Spring is growing higher. In recent years, due to the policy promoting, commercial vehicle in Europe and USA mostly use air suspensions. However, developing countries are still providing strong demand of Leaf Spring, such as China, India and Middle East etc. Viewed from the supply side, there are many manufacturers in the Leaf Spring industry, while from the demand side; the current demand for Leaf Spring is growing.
At present, there are many domestic manufacturers in China. Most of the domestic companies have less technology and financial ability and they are facing the competition from the foreign companies.
To grab more market, the little companies have to expand the technology, capital investment and brand influence. To meet the challenge of the domestic companies and keep their leading stage, leading companies need to increase the technology innovation and speed up the product upgrading. Due to the stable automotive OEM market, Leaf Spring market will still be a market leading by a few companies in future.
In order to feed the changing technical requirements, Leaf Spring manufacturers need to pay attention to the technical innovation. In future, high performance and new material will be the technology trends of Leaf Spring.
弹簧展-2019第二十届广州国际弹簧工业展览会-全球最大弹簧展会-巨浪展览
-The 20th China (Guangzhou) Int’l Spring Industry Exhibition
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