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Spring Shackles Market Surge Towards Solid Growth by 2024

Spring Shackles Market: Overview

In an automobile’s leaf suspension system, the spring shackles hold an integral part as it is used for connecting the suspension system to the chassis with the help of the eye spring bolt. Under the dynamic loading, the spring shackles provide stability to the suspension system and it also lifts it for the off-road applications.

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Spring Shackles Market: Segmentation

The global spring shackles market is fragmented into its vehicle type and sales channel. On the basis of the vehicle type, the global market is segregated into heavy commercial vehicles and light commercial vehicles. On the basis of the sales channel, the market is categorized into aftermarket and original equipment manufacturer.

Spring Shackles Market: Growth Factors

Both the heavy and the light commercial vehicles have an extensive usage of the leaf spring suspension systems owing to its developed load bearing capacity and economic characteristics thus driving the growth of the market. The leaf spring suspension system is used increasingly owing to its low maintenance cost and its resistance to the wear and tear; hence, they are used increasingly in the vehicles that have high load bearing thus augmenting to the growth of the market. The other factors that are driving the growth of the market are the technological developments that are made in the automobile industry have pushed to the introduction of many new and improved spring shackles which gives better handling, have a long length, increases the wheel travel, and gives more driver comfort. There has been a replacement of the conventional spring shackles with the sliding spring shackles which promote the growth of the market. The use of the spring shackles is becoming obsolete in the passenger cars and the problems that occur due to the bending of the spring shackles is limiting the application of the spring shackles thus restraining the growth of the market.

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Spring Shackles Market: Regional Analysis

Several regions where the global spring shackles market is diversified include Asia Pacific, the Middle East and Africa, Western European, Eastern Europe, Latin America, and North America regions. The growth in the automotive market positively affects the market growth of the spring shackles market. In the Asia Pacific region, the rise in the industrialization has increased the demand for the commercial vehicles thus having a significant effect on the growth of the spring shackles market. In Europe, many innovations and technological advancements are being carried out in the commercial vehicles which, in turn, are triggering the growth of the spring shackles market. In the coming years, the regions of the Middle East and Africa will have a positive growth in the spring shackles market owing to the increase in the trading activities which has increased the need for the commercial vehicles.

Spring Shackles Market: Competitive Players

The key market players that are involved in the spring shackles market include Dobinsons Spring & Suspensions, Dorman Products Inc., OER, A & A Manufacturing, State Spring Service, Surindra Auto Industries, Hub City Spring and Machine Ltd., Mountain Off-Road Enterprises, Omix – ADA Inc., Crown Automotive Sale Co. Inc., Lovells Springs Pty. Ltd., and Kalyani Industries.

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Spring Shackles Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa