Automotive Spring Market 2025 Growth, Trends Analysis Report 2035

The global Automotive Spring Market is set for strong expansion, estimated at USD 4.3 billion in 2025 and projected to reach USD 9.0 billion by 2035, registering a CAGR of 7.5% over the forecast period. This steady momentum reflects consistent demand across passenger cars, commercial vehicles, and the aftermarket, underscoring the market’s critical role in the automotive components industry.

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Market Trends Highlighted

• Growing adoption of lightweight materials such as high-strength alloys and composites for improved durability and fuel efficiency.


• Rising use of variable rate coil springs and electronically adjustable suspension systems, enhancing vehicle comfort and handling.


• Increasing penetration of modular spring assemblies, adaptable across multiple vehicle platforms.


• Expanding demand from electric vehicles (EVs), requiring customized spring systems to support battery weight and unique suspension dynamics.


• Strategic collaborations between OEMs and spring manufacturers, focusing on corrosion-resistant coatings, predictive stress testing, and integration with adaptive suspension.

Key Developments

• February 2025: TR Fastenings launched a constant-force spring and spool assembly for an EV manufacturer, ensuring smooth console operation in dynamic driving conditions.


• December 2024: Rheinmetall introduced a glass fiber-reinforced composite suspension spring prototype delivering up to 75% weight reduction compared to steel, enhancing corrosion resistance and EV compatibility.

Key Takeaways of the Report

• Market size to double from USD 4.3 billion (2025) to USD 9.0 billion (2035).


• Coil springs lead the product segment with a 36% share in 2025 due to versatility and widespread OEM adoption.


• Steel springs retain dominance with a 62% share in 2025, favored for durability and cost-efficiency.


• Passenger cars represent the largest vehicle segment with 44% market share, driven by global production volumes and EV integration.


• The aftermarket accounts for a significant share, with 3.1% of the replacement parts market supported by regular servicing and upgrades.

Market Drivers

• Rising vehicle production globally, especially in Asia-Pacific and Europe.


• Increasing consumer expectations for ride comfort and stability.


• Stricter regulatory focus on vehicle safety, weight reduction, and emissions control.


• Growing demand from aftermarket replacement cycles, ensuring recurring sales opportunities.


• Accelerated adoption of electric and hybrid vehicles, requiring tailored spring designs.

Regional Insights

• Asia-Pacific: Fastest-growing region, led by China and India, with robust OEM and aftermarket demand.


• North America: Strong demand for performance-grade and heavy-duty springs in pickup trucks, SUVs, and off-road applications.


• Europe: Germany, France, and the UK driving innovation with premium OEMs adopting advanced materials like CFRP springs.


• Latin America & MEA: Moderate but steady growth, supported by rising automotive ownership and commercial transport needs.

Country-wise CAGR Analysis (2025–2035)

• China: 10.1% CAGR – driven by mass automotive manufacturing and EV adoption.


• India: 9.4% CAGR – supported by rising demand for passenger cars, two-wheelers, and commercial vehicles.


• Germany: 8.6% CAGR – advanced engineering and premium vehicle production boost demand.


• France: 7.9% CAGR – driven by adoption of fuel-efficient and lightweight components.


• UK: 7.1% CAGR – luxury cars and motorsport applications sustain growth.


• USA: 6.4% CAGR – aftermarket demand and pickup truck adoption remain strong.


• Brazil: 5.6% CAGR – commercial vehicle demand supports steady expansion.

Competition Outlook

The market is fragmented but competitive, with global leaders and regional specialists serving OEMs and aftermarket channels.

• Key players: NHK Spring Co. Ltd, Sogefi Group, Mubea Fahrwerksfedern GmbH, Hendrickson USA L.L.C, Jamna Auto Industries Ltd., Rassini S.A.B. De C.V., Lesjöfors AB, Hyperco, and Tata AutoComp Systems Ltd.


• Strategic focus: lightweight alloys, precision engineering, CAD-based designs, and capacity expansion near automotive hubs.


• Niche manufacturers: cater to motorsports, custom vehicles, and performance segments with specialized coatings and high-strength materials.

Key Segments of Market Report

• By Type: Coil Springs, Leaf Springs, Torsion Springs, Gas Springs, Others


• By Material: Steel Springs, Composite Springs, Plastic Springs, Others


• By Vehicle Type: Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, Two-Wheelers, Others


• By End-Use: Suspension System, Engine Valves, Clutch Assemblies, Transmission System, Others


• By Sales Channel: OEMs, Aftermarket


• By Region: North America, Europe, Asia-Pacific, Latin America, Middle East & Africa

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