Automotive Suspension Spring Market To Witness Comprehensive Growth By 2020-2030
Automotive Suspension Spring Market: Introduction According to the report, the global automotive suspension spring market is projected to reach US$ 25 Bn by 2030, expanding at a CAGR of ~5% during the forecast period. Rise in sale of passenger and commercial vehicles across the globe is likely to propel the automotive suspension spring market across the globe. The increase in the number of small- and medium-scale industries across the globe is projected to boost manufacturing industries, which, in turn, is anticipated to fuel the automotive suspension spring market across the globe. Consistent research & development in the automotive industry has led to the development of suspension springs that offer more strength, along with ride comfort. The surge in the demand for electric vehicles across the globe is prompting vehicle manufacturers to develop lightweight suspension springs. This factor is anticipated to fuel the automotive suspension spring market...