Middle East and Africa Automotive Composite Leaf Springs to 2028 By Size, Share, Growth by End User and Forecast| Business Market Insights

The automotive composite leaf springs market in MEA is expected to grow from US$ 2.18 million in 2021 to US$ 3.24 million by 2028; it is estimated to grow at a CAGR of 5.8% from 2021 to 2028.

The automotive industry is preferably adopting technologies that contribute to the reduction of vehicle weight and improvement of vehicle fuel-efficiency. According to the article of Composites World, every reduction of 100 pounds of mass from the car increases the fuel efficiency by 2–3%. Thus, the composite leaf springs market is experiencing strong research and development activities from leading manufacturers, which is likely to create substantial growth opportunities for them during the forecasted period. In July 2021, Hexcel developed the HexPly M901, a high-Tg epoxy resin prepreg system suitable for harsh thermal and environmental conditions. Similarly, in December 2020, Fraunhofer ICT introduced new resin transfer molding (RTM) process-based thermoplastic composites suitable for automotive leaf spring manufacturing. These newly developed thermoplastic composite fibers are ~50% cheaper than epoxy resins. Further, developments made in composite leaf springs with a major focus on heavy-duty vehicles are likely to propel the market growth during the forecasted period. For instance, Kordsa, a supplier of composite materials technologies, has joined forces with Ford Otosan for developing a weight reduction technology for heavy trucks. The company has developed heavy-duty composite leaf spring materials that assist in the reduction of CO₂ emissions, thereby contributing to improved fuel efficiency.

The automotive composite leaf spring market in the MEA is majorly affected by disruptions in the supply chain. Various containment measures enacted by governments, such as travel restrictions, factory shutdown, and lockdown, have hampered the supply and distribution of automobile components. The demand for automotive composite leaf springs has decreased since Q2 2020. The COVID-19 pandemic is anticipated to highly impact the MEA, as oil-based economies are already under pressure due to falling oil prices. In addition, factory and business shutdowns and travel bans are aggravating the economic problems in the MEA. Nevertheless, the economies would rapidly grow during the forecast period.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the MEA automotive composite leaf springs market. The MEA automotive composite leaf springs market is expected to grow at a good CAGR during the forecast period.

MEA Automotive Composite Leaf Springs

Market Revenue and Forecast to 2028 (US$ Million)

MEA Automotive Composite Leaf Springs Market Segmentation

MEA Automotive Composite Leaf Springs Market – By Installation Type

Transversal
Longitudinal

MEA Automotive Composite Leaf Springs Market – By
Location Type

Front Leaf Spring
Rear Leaf Spring

MEA Automotive Composite Leaf Springs Market – By Process Type

High-Pressure Resin Transfer Molding Process
Prepreg Layup Process
Others

MEA Automotive Composite Leaf Springs Market – By Vehicle Type

Passenger Car
Light Commercial Vehicles
Medium and Heavy-Duty Vehicles

MEA Automotive Composite Leaf Springs Market, by Country

Saudi Arabia
South Africa
UAE
Rest or MEA

MEA Automotive Composite Leaf Springs Market - Companies Mentioned

FLEX-FORM
Hendrickson Holding LLC
KraussMaffei
SGL Carbon
Shandong Beiqi Haihua Automobile Parts Co., Ltd.

Middle East and Africa Automotive Composite Leaf Springs Strategic Insights

Strategic insights for the Middle East and Africa Automotive Composite Leaf Springs provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

strategic-framework/middle-east-and-africa-automotive-composite-leaf-springs-market-strategic-framework.webp

Get more information on this report

Middle East and Africa Automotive Composite Leaf Springs Report Scope

Report Attribute	Details
Market size in 2021	US$ 2.18 Million
Market Size by 2028	US$ 3.24 Million
Global CAGR (2021 - 2028)	5.8%
Historical Data	2019-2020
Forecast period	2022-2028
Segments Covered	By Installation Type Transversal Longitudinal By Location Type Front Leaf Spring Rear Leaf Spring By Process Type High-Pressure Resin Transfer Molding Process Prepreg Layup Process By Vehicle Type Passenger Car Light Commercial Vehicles Medium and Heavy-Duty Vehicles
Regions and Countries Covered	Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	FLEX-FORM Hendrickson Holding LLC KraussMaffei SGL Carbon Shandong Beiqi Haihua Automobile Parts Co., Ltd.

Get more information on this report

Middle East and Africa Automotive Composite Leaf Springs Regional Insights

The geographic scope of the Middle East and Africa Automotive Composite Leaf Springs refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.