Report Code: A15553 | Nov 2023 | Pages: NA | ||
Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Automotive Composite Suspension Components Market
Request Now !Automotive composite suspension component is mainly an assembly between the vehicle frame and the road on which the vehicle is running. The suspension system comprises of components such as shock absorbers, tires, joints, and many others. Automotive composite suspension components provide several benefits over steel components such as high durability, lightweight, better vibration energy absorption, and better fatigue resistance. Different types of automotive composite suspension components such as coil spring, leaf spring, and stabilizer bar are used as a component. However, complexity in the installation of the components along with change in shape and sagging of the component with time, are some of the major restraints for the market growth
Covid-19 Impact AnalysisÂ
Top Impacting Factors
The market growth looks promising with opportunities in markets of passenger cars, light commercial vehicle, and medium and heavy commercial vehicles. The increasing demand for lightweight material to achieve high fuel efficiency and reduce the carbon emissions, is an important driver of the market. Organic growth of automobile production, development of new composite suspension, applications stringent government regulations regarding fuel efficiency and carbon emission reduction along with advancement in composite technology are some of the primary factors driving the growth.
Market trends
Key Benefits of the Report
Automotive Composite Suspension Components Market Report Highlights
Aspects | Details |
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By Component |
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By Vehicle |
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By Process |
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By Region |
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Key Market Players | Henderickson, BENTELER International, Jamna Auto Industries Ltd., Sogefi Group, Bender KG, Muhr und, MW Industries, Inc., IFC Composite GmbH, IFA Composite |
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