Automotive Coil Spring Market: Anticipated To Experience Extraordinary Growth During Forecast Period 2020 - 2027
Automotive Coil Spring Market: Introduction According to the report, the global automotive coil spring market is projected to surpass US$ 10.4 Bn by 2027, expanding at a CAGR of ~5% during the forecast period. The automotive coil spring market is driven by a rise in the demand for more reliable and comfortable suspension system. Added advantage of better handling across on road and off-road conditions and comfortable ride has been a key factor boosting the adoption of coil springs in a large number of utility vehicles. Expansion of Automotive Coil Spring Market Emerging trend of integrating an independent rear suspension with coil springs among pick-up trucks is further fueling the adoption of shock absorbers having coil-over- shock absorbers and coil springs. The total vehicle miles traveled (VMT) is increasing at a steady pace, globally. Per capita VMT is rising as well. A vehicle is prone to wear & tear, especially shock abs...