Automotive Composite Leaf Springs Market Report 2025 (Global Edition)

Global Automotive Composite Leaf Springs Market Report 2025 Market Size Split by Type (Mono-Leaf Springs, Multi-Leaf Springs), by Installation Type (Transversal, Longitudinal), by Spring Location Type...

Automotive Composite Leaf Springs Market Report Description

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Imapct of Trumph Tariff on Electronics and Electrical Industry

In 2025, global trade has entered a period of renewed volatility as the U.S., under President Donald Trump, introduced sweeping tariffs known as the Liberation Day Tariffs. Aimed at addressing trade imbalances and foreign supply chain dominance, the tariffs range from 10% on allies like Australia and the UK to 46% on Vietnamese goods and 34% on Chinese imports. A 25% universal tariff on steel, aluminum, and auto parts has further strained global trade ties. The electronics sector is among the hardest hit, particularly due to the escalating U.S.China trade war. Tariffs on Chinese goods now reach up to 145% in sectors like semiconductors and consumer electronics, while China has retaliated with up to 125% duties and restrictions on critical mineral exports. This has disrupted just-in-time supply chains and increased component costs.

Specific tariffs include 25% on semiconductors, 20% on lithium-ion batteries, and 10–15% on consumer electronics like laptops and tablets, leading to higher retail prices and reduced consumer demand. Sub-sectors such as home automation, computer hardware, communication electronics, medical devices, and industrial electronics are all under pressure due to rising input costs and supply chain delays. Companies are revisiting suppliers, shifting sourcing to countries like India, Mexico, and Vietnam, and redesigning products to avoid high-tariff components.

China remains a key player, contributing USD 119 billion in electronics exports to the U.S. in 2023. Even components routed through countries like Malaysia and Vietnam often rely on Chinese subparts, making the ripple effect of tariffs widespread. U.S. electronics firms operating on thin margins are seeing input costs rise 18–25%, with contract manufacturers in alternative regions facing capacity constraints.

Market research is now critical. It helps companies identify new suppliers, analyze cost trends, optimize product design, forecast demand shifts, and track regulatory changes. Tools like supplier mapping, BOM optimization, and scenario planning support strategic responses to ongoing disruptions. Leading firms like Apple and Dell are expanding production outside China, while others invest in digital supply chain tools and redesign products for cost resilience. In this evolving trade environment, firms that leverage research-driven strategies are better positioned to adapt and thrive.

Leading producers of automobile leaf springs are spending a lot of money on new suspension technologies and composite leaf spring developments in order to improve the performance of heavy-duty vehicle parts. One of the market trends for automobile leaf springs is the increasing use of improved designs and materials to expand the range of applications and satisfy the growing demand from a changing green transportation industry. For instance, in November 2023, Tenneco's Öhlins Racing has introduced a new portfolio of ultra-premium suspension systems for truck and SUV enthusiasts. The Öhlins ÖRX portfolio features leading-edge technologies and features preferred by racing champions and enthusiasts. The products are designed to help truck and SUV owners explore the full capabilities of their vehicles in on-road and challenging off-road environments. The Öhlins ÖRX line includes an ultra-high-strength 2.65-inch-diameter shock engineered to thrive in challenging off-road terrain. Key design and construction enhancements include multi-adjustability, race-proven valving, sizeable dimensions, lightweight aluminum construction, and finned reservoirs. The shocks also have ultra-precise three-way tuning capability via three external "clicker" knobs. Öhlins ÖRX shocks deliver superior confidence and comfort for racers and enthusiasts, regardless of on- or off-road conditions, vehicle load, or roadholding demands.

Top Companies Market Share in Automotive Composite Leaf Springs Industry: (In no particular order of Rank)

• • Rassini
• • Hendrickson USA
• L.L.C
• • Jamna Auto Industries Limited
• • Dongfeng Motor Corporation
• • NHK Spring Co. Ltd
• • Pontiac Ventura
• • IFC Composite GmbH
• • ARC Suspension
• • FLEX-FORM
• • Heathcote Industrial Plastics
• • KraussMaffei
• • Sogefi SpA
• • Emco Industries
• • Muhr und Bender KG
• • SGL Group SE
• • Frauenthal Group
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According to Cognitive Market Research Asia-Pacific region is the primary market for automotive composite leaf springs, accounting for over XX% of global revenue. The market is expected to grow at a CAGR of XX% from 2024 to 2031 due to increased vehicle production and rising demand for passenger cars and commercial vehicles. The auto sector expansion in countries like China and India is also driving demand for these products. In 2024, India's passenger vehicles industry experienced a 75% increase in inventory, while China's vehicle industry reached record production and sales in 2023, indicating potential for growth. Factors such as lower interest rates, rapid urbanization, and stable economic conditions are expected to further catalyze regional market growth for automotive composite leaf springs.

The current report Scope analyzes Automotive Composite Leaf Springs Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

Automotive Composite Leaf Springs Market Analysis

According to Cognitive Market Research, based on type, the market is bifurcated into Mono-leaf springs and Multi-leaf springs. The multi-leaf type segment dominates the largest market share of xx during the forecast period because for cars towing large loads, multi-leaf springs are preferable over mono-leaf springs. Instead of being composed of a single leaf, multi-leaf springs are made up of many leaves piled together. They become a more robust and adaptable choice for transporting as a result. In addition, it also implies that not all of them will break when one does, which makes driving safer. It is simple to improve and modify multi-leaf springs that help to increase their load capacity and height. Furthermore, Multi-leaf springs have a greater weight capacity than mono-leaf springs overall. The reason for the segment growth is the increased usage of multi-leaf springs in HCVs and LCVs due to their improved load-carrying ability. 

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Automotive Composite Leaf Springs Industry. Request a Free Sample PDF!

According to Cognitive Market Research, based on installation type, the market is bifurcated into Transversal and Longitudinal. The Transversal installation type segment dominates the largest market share of xx during the forecast period. Transversal is the most common installation type for composite leaf springs in the automotive industry because transversal springs are lightweight, have more durability, and have better fuel economy. In addition, Transversal springs join the wheels on one side of the car by being positioned horizontally which makes it more efficient to longitudinal springs. 
Moreover, single transverse-mounted leaf springs are being used by a growing number of automakers. There are fewer components and lower weight with a transverse leaf spring composed of composite materials and the conventional steel components for transverse leaf springs are removed, including coil springs, two control arms, and antiroll bar 26 mounts and links. Furthermore, composite structures are more dependable than longitudinal leaf springs because of their dampening, which reduces the amount of vibration noise that is transmitted to nearby structures.   For instance, in January 2023, KTM developed a composite rear leaf spring suspension system for motocross bikes, offering more adaptability and less weight. Leaf springs have been used in muscle cars and motorcycles, but their lack of sophistication is not due to the spring itself. The new design adopts a nearly vertical orientation, tight against the rear of the engine to clear space normally filled by a coilover. The top and bottom of the spring are firmly clamped to the end of linkages, with the upper linkage pivotally mounted on the bike's main frame and the lower linkage pivoting from a bracket under the swingarm. A conventional damper would be used to control the rear suspension, but it would need to be more compact or mounted differently to take advantage of the leaf spring benefits. http://(https://www.cycleworld.com/motorcycle-news/ktm-developing-leaf-spring-suspension/)
 

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Automotive Composite Leaf Springs Spring Location Type Segment Analysis

• Front Leaf Spring
• Rear Leaf Spring

Automotive Composite Leaf Springs Shape Segment Analysis

According to Cognitive Market Research, based on the Shape, the market is bifurcated into Parabolic, Elliptical, and others. The Parabolic shape segment dominates the largest market share of xx during the forecast period because Parabolic springs offer better flexibility, lighter weight, better-distributed stress, reduced wear on suspension systems, less noise due to reduced friction, and increased ground clearance due to fewer layers, compared to leaf springs.
Through its tapered form, a parabolic spring distributes the vehicle's weight more evenly throughout a suspension system. A smoother ride is guaranteed because of the parabolic spring's more equal and smooth flexing. Moreover, the spring's design allows for a wider range of motion than other spring varieties, such as more conventional leaf springs. Furthermore, parabolic springs are used in the suspension systems of a wide variety of vehicle models such as Buses, SUVs, Light trucks, Off-road vehicles and passenger cars. They can keep the vehicle’s wheels in contact with the ground over rougher terrain than when leaf springs are used. Therefore, they are ideally suited for off-road vehicles.   For instance, in March 2021, Mack has enhanced its mRIDE spring leaf over rubber block suspension, providing improved stability and traction for vocational customers on jobsites. The suspension offers weight savings for increased payload when paired with Mack axles, reducing the total cost of ownership. The mRIDE's parabolic springs provide superior traction and clamp load area strength, while its spring leaf design and V-shaped torque rods ensure stability. The suspension is fully integrated with Mack MP engines, transmissions, and axles and can be spec'd in various models. Mack has also extended its standard axle warranty for Model Year 2022 Mack models. http://(https://www.volvogroup.com/en/news-and-media/news/2021/mar/mack-mride-suspension-paired-with-mack-axles-delivers-weight-savings-increased-payload.html)
 

• Parabolic
• Elliptical
• Others

Automotive Composite Leaf Springs Vehicle Type Segment Analysis

• Passenger Car
• Light Commercial Vehicle
• Medium and Heavy Duty Vehicles

Automotive Composite Leaf Springs Sales Channel Segment Analysis

According to Cognitive Market Research, based on the sales channel, the market is bifurcated into OEMS, Aftermarket, and others. The Aftermarket sales channel segment dominates the largest market share of xx during the forecast period. The market's growth is being driven by the existence of a huge worldwide network of distributors, retailers, suppliers, and manufacturers. Customers may easily find and purchase bias tires for their cars in such a situation, irrespective of remote areas or places that have limited tire selections. Bias tires are still used in some areas because of regional laws and preferences. Their market demand is further increased by the fact that these are compatible with older machines and cars. For instance, December 2023, Japan's JTEKT has opened its first aftermarket sales office in Africa, aiming to strengthen its sales network in the region. The new branch, JTEKT Sales Middle East (JSME), will be responsible for sales of bearings and other aftermarket-related products for automobile and industrial use. The move follows JTEKT's launch of an aftermarket business headquarters in April 2021 and its expansion of sales of automotive parts and bearings. The company believes that with the East African region's economic development, customer needs will diversify and various issues will increase. http://(https://aftermarketinsight.ihsmarkit.com/news/2745/japans-jtekt-establishes-first-aftermarket-sales-office-in-africa)
 

• OEM and Aftermarket

Author's Detail

Kalyani Raje

Senior Research Analyst at Cognitive Market Research

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ResearchGate Profile: https://www.researchgate.net/profile/Kalyani-Raje

An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile and transportation vertical.

Author's Conclusion