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The future of the automotive composite suspension components market in South Korea looks attractive with opportunities in the markets of passenger cars, light commercial vehicles, and medium & heavy commercial vehicles. The major drivers for this market are growth in automotive production and increasing demand for lightweight materials to achieve high fuel efficiency and reduce carbon emissions.
An emerging trend, which has a direct impact on the dynamics of the automotive composite suspension components industry, includes development of CFRP leafsprings for heavy commercial vehicles.
A total of 25 figures / charts and 12 tables are provided in this 60-page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of this automotive composite suspension components market in South Korea report download the report brochure.
Automotive Composite Suspension Components Market in South Korea
by Segment: 2014-2025 (US $M) (Randomized Data)
Trends and Forecasts for Automotive Composite Suspension Components
Market in South Korea: 2014-2025 (US $M) (Randomized Data)
The study includes the market size and forecast for the automotive composite suspension components market in South Korea by components, vehicle, and process as follows:
Automotive Composite Suspension Components Market by Component (Volume (Million Pounds) and $M shipment analysis for 2014 – 2025):
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Leaf Spring
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Coil Spring
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Stabilizer Bar
Automotive Composite Suspension Components Market by Vehicle (Volume (Million Pounds) and $M shipment analysis for 2014 – 2025):
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Passenger car and light commercial vehicle
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Medium and heavy commercial vehicles
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Others
Automotive Composite Suspension Components Market by Process (Volume (Million Pounds) and $M shipment analysis for 2014 – 2025):
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Resin Transfer Molding
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Prepreg Lay Up
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Compression Molding
On the basis of comprehensive research, composite leaf springs will remain the largest segment and witness the highest growth over the forecast period because composite leaf springs are lighter weight and offer better durability compared to steel springs.
Within the automotive composite suspension components market, the end use industry of passenger cars and light commercial vehicles will remain the largest and witness the highest growth over the forecast period due to increasing penetration of composite leaf springs to reduce vehicle weight.
Some of the features of “Opportunities for the Automotive Composite Suspension Components Market in South Korea 2014-2025: Trends, Forecast and Competitive Analysis” include:
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Market size estimates: Automotive composite suspension components market size estimation in terms of value ($M) and volume (Million Pounds) shipment.
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Trend and forecast analysis: Market trend (2014-2019) and forecast (2020-2025) by components, vehicle, and process.
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Segmentation analysis: Automotive composite suspension components market size by component (leaf spring, coil spring and stabilizer bar), vehicle (passenger car and light commercial vehicle, medium and heavy commercial vehicle and others), and process (resin transfer molding, prepreg lay up and compression molding) in terms of value.
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Growth opportunities: Analysis on growth opportunities in different components, vehicle, and process of automotive composite suspension components in the automotive composite suspension components market.
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Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
This report answers following 7 key questions:
Q.1 What are some of the most promising potential, high-growth opportunities for the automotive composite suspension components market in South Korea by component (leaf spring, coil spring and stabilizer bar), vehicle (passenger car and light commercial vehicle, medium and heavy commercial vehicle and others), and process (resin transfer molding, prepreg lay up, and compression molding)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.4 What are the business risks and threats to the automotive composite suspension components market?
Q.5 What are emerging trends in this automotive composite suspension components market and the reasons behind them?
Q.6 What are some changing demands of customers in the automotive composite suspension components market?
Q.7 What are the new developments in the automotive composite suspension components market? Which companies are leading these developments?