Industry News
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Leaf Spring Market Expected to Grow Steadily with a CAGR of 1.2%
The global Leaf Spring market was valued at USD 3235 million in 2023 and is anticipated to reach USD 3520.3 million by 2030, witnessing a CAGR of 1.2% during the forecast period 2024-2030. Leaf Springs Market Valuation in 2023: The global keywords market was valued at USD 3235 million by 2023...Read more -
Automotive Leaf Spring Market Trends
Increasing sales of Commercial Vehicles boost the market growth. The rise in disposable incomes in both developing and developed countries and growing construction activities and urbanization are also projected to drive the adoption of commercial vehicles, which will result in the growth of t...Read more -
Driven by Rising Demand for Commercial Vehicles
The rise in production of commercial vehicles, driven primarily by the expansion of e-commerce and logistics sectors, has significantly heightened the demand for heavy-duty leaf springs. Simultaneously, the growing interest in SUVs and pickup trucks, popular for their rugged terrain cap...Read more -
What Are the Challenges and Opportunities in the Spring Suspension Market?
The automotive leaf spring suspension market faces a blend of challenges and opportunities as it adapts to the evolving demands of the global automotive industry. One of the primary challenges is the growing competition from alternative suspension systems, such as air and coil springs, which...Read more -
Opportunities Emerge Amid Competition from Air and Coil Systems
The global market for Automotive Leaf Spring Suspension was estimated at US$40.4 Billion in 2023 and is projected to reach US$58.9 Billion by 2030, growing at a CAGR of 5.5% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, h...Read more -
Leaf spring technology leads industry innovation and assists industrial development
In recent years, leaf spring technology has set off a wave of innovation in the industrial field and has become one of the important engines promoting industrial development. With the continuous advancement of manufacturing technology and material science, leaf springs are becoming an indispe...Read more -
Which material is better for SUP7, SUP9, 50CrVA, or 51CrV4 in steel plate springs
Choosing the best material among SUP7, SUP9, 50CrVA, and 51CrV4 for steel plate springs depends on various factors such as mechanical properties required, operating conditions, and cost considerations. Here’s a comparison of these materials: 1.SUP7 and SUP9: These are both carbon stee...Read more -
Is air suspension a better ride?
Air suspension can offer a smoother and more comfortable ride compared to traditional steel spring suspensions in many cases. Here’s why: Adjustability: One of the significant advantages of air suspension is its adjustability. It allows you to adjust the ride height of the vehicle, which ca...Read more -
What are the advantages of China’s leaf springs?
China’s leaf springs, also known as parabolic leaf springs, offer several advantages: 1.Cost-Effectiveness: China is known for its large-scale steel production and manufacturing capabilities, which often result in cost-effective production of leaf springs. This can make them a more ...Read more -
Actively respond to raw material price fluctuations, stable development
Recently, the global raw material price fluctuates frequently, which brings great challenges to the leaf spring industry. However, in the face of this situation, the leaf spring industry did not flinch, but actively take measures to deal with it. In order to reduce the procurement cost, t...Read more -
Commercial vehicle plate spring market trend
The trend of commercial vehicle leaf spring market shows a steady growth trend. With the rapid development of the commercial vehicle industry and the intensification of market competition, the commercial vehicle leaf spring, as a key part of the commercial vehicle suspension system, its marke...Read more -
China’s automobile export growth rate was 32% in December 2023
Cui Dongshu, Secretary General of the China Association of Automobile Manufacturers, recently revealed that in December 2023, China’s automobile exports reached 459,000 units, with an export growth rate of 32%, showing a sustained strong growth. Overall, from January to December 2023, Chin...Read more
