Automotive Leaf Spring Market Size And Forecast

Automotive Leaf Spring Market size was valued at USD 4.87 Billion in 2024 and is projected to reach USD 6.1 Billion by 2031, growing at a CAGR of 3.15% during the forecast period 2024-2031.

Adoption of light, medium and commercial vehicles are fuelling the growth of Global Automotive Leaf Spring Market.in addition, groin industrial activity, rising disposable income and economic growth is driving Global Automotive Leaf Spring Market. However, lack of adjustability is hindering the market growth. The Global Automotive Leaf Spring Market report provides a holistic evaluation of the market. The report offers comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

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Global Automotive Leaf Spring Market Definition

Automotive Leaf Spring is important component for automobile industry.it is also called as laminated or carriage spring. The purpose of leaf spring is to provide support for vehicle also it is used to provide smoother ride absorbing any bumps or potholes in the road. Also, they are used to locate the axle and control the height at which the vehicle rides and it helps to keep the tires aligned on the road. There are to most type of springs available in the market are coil spring and leaf spring, both of these absorb every well. Leaf spring is located between wheels and body of vehicle. When wheel passes over a bump by storing the energy in the spring it rises and deflect the spring. Due to elasticity on releasing it rebound thereby expanding the stored energy. the leaf spring are mostly used in light, medium and heavy-duty commercial vehicles such as vans, pick-ups trucks, SUV’s and rail carriage. On an average leaf spring of truck or van have life span of about 200,000 miles.