Expansion in the global commercial transportation sector is a key factor that is fueling the automotive leaf spring industry size. Leaf springs are used in heavy-duty commercial vehicles including trucks, buses, railway carriers, and sports utility vehicles (SUVs). Increase in fleet size of logistics operators, and global emphasis on sustainability are also boosting market progress. Furthermore, growth in adoption of leaf spring in manufacturing and aerospace industries is augmenting the automotive leaf spring market value. Prominent players operating in the global landscape are investing in R&D of new suspension technologies to expand their product portfolio. They are also incorporating composite leaf springs in electric vehicles to adapt to the prerequisites for such vehicles such as lightness of weight and fuel efficiency.
Leaf spring is a conventional vehicle suspension unit that is used primarily in commercial vehicles to offer sizeable load capacity, safety, and comfort to passengers. It plays a pivotal role in ensuring optimal ride quality and heavy load bearing. Increase in emphasis on heavy-duty commercial vehicles, including logistics and freight services, is augmenting the need for leaf springs that are lightweight, durable, and reliable. Nowadays, leaf springs have fallen out of favor for application in personal vehicles; however, they are still vital components for heavy vehicles such as vans, buses, sports utility vehicles (SUVs), railway carriages, and trailers. Composite leaf springs, which are made of composite materials such as carbon fiber, fiberglass, and Kevlar, are gradually gaining traction over traditional steel leaf springs. Composite leaf springs are increasingly being used in aerospace and automobile industries, as they help reduce fuel emissions and improve efficiency.
Adoption of commercial vehicles has been rising at a rapid pace across the globe. Rise in urbanization and growth in construction activities are key factors that have boosted the adoption of commercial vehicles, especially in developing regions such as Asia Pacific. Growth in the global transportation logistics sector and shift towards sustainability have led to a rise in need for reliable suspension systems such as leaf springs. This is fueling market dynamics. Automotive leaf springs also play a key role in electric vehicles (EVs). Leaf springs offer reliability, durability, and high-impact load bearing at a low weight. This is crucial for optimal EV performance. In August 2023, the Government of India approved the PM-eBus Sewa scheme to enhance sustainable mobility. Under this scheme, the government is offering 10,000 electric buses to more than 169 cities.
Composite leaf springs are employed in the aerospace sector to improve aircraft fuel efficiency and performance owing to leaf springs’ lightweight and superior strength. The robustness offered by the suspension component benefits manufacturing hubs worldwide. A characteristic ability to withstand heavy loads is driving the application of leaf spring in construction and agriculture sectors, where pieces of equipment require reliable support in demanding conditions. Thus, rise in application of leaf springs in diverse industries underscores their versatility, thus boosting the automotive leaf spring market demand.
Post time: Mar-10-2025
