| Product Code: ETC7537600 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
India`s automotive leaf spring import market saw significant growth in 2024, with top exporters being Germany, USA, China, South Korea, and Japan. The market remained relatively unconcentrated with a low Herfindahl-Hirschman Index (HHI) in 2024. The compound annual growth rate (CAGR) from 2020 to 2024 was an impressive 20.37%, indicating a robust expansion over the period. Moreover, the growth rate from 2023 to 2024 stood at a notable 17.94%, reflecting the continued momentum in the import shipments of automotive leaf springs in India.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Automotive Leaf Spring Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Automotive Leaf Spring Market Revenues & Volume, 2021 & 2031F |
3.3 India Automotive Leaf Spring Market - Industry Life Cycle |
3.4 India Automotive Leaf Spring Market - Porter's Five Forces |
3.5 India Automotive Leaf Spring Market Revenues & Volume Share, By Type of End, 2021 & 2031F |
3.6 India Automotive Leaf Spring Market Revenues & Volume Share, By Shape, 2021 & 2031F |
3.7 India Automotive Leaf Spring Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
3.8 India Automotive Leaf Spring Market Revenues & Volume Share, By Sales Channel, 2021 & 2031F |
4 India Automotive Leaf Spring Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for commercial vehicles in India |
4.2.2 Growing investments in infrastructure projects leading to demand for heavy-duty vehicles |
4.2.3 Focus on improving vehicle efficiency and reducing carbon emissions |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices affecting production costs |
4.3.2 Competition from alternative suspension technologies like air suspensions |
4.3.3 Impact of COVID-19 pandemic on automotive industry leading to supply chain disruptions |
5 India Automotive Leaf Spring Market Trends |
6 India Automotive Leaf Spring Market, By Types |
6.1 India Automotive Leaf Spring Market, By Type of End |
6.1.1 Overview and Analysis |
6.1.2 India Automotive Leaf Spring Market Revenues & Volume, By Type of End, 2021- 2031F |
6.1.3 India Automotive Leaf Spring Market Revenues & Volume, By Double End, 2021- 2031F |
6.1.4 India Automotive Leaf Spring Market Revenues & Volume, By Open End, 2021- 2031F |
6.2 India Automotive Leaf Spring Market, By Shape |
6.2.1 Overview and Analysis |
6.2.2 India Automotive Leaf Spring Market Revenues & Volume, By Parabolic, 2021- 2031F |
6.2.3 India Automotive Leaf Spring Market Revenues & Volume, By Elliptical, 2021- 2031F |
6.3 India Automotive Leaf Spring Market, By Vehicle Type |
6.3.1 Overview and Analysis |
6.3.2 India Automotive Leaf Spring Market Revenues & Volume, By Passenger Vehicles, 2021- 2031F |
6.3.3 India Automotive Leaf Spring Market Revenues & Volume, By Commercial Vehicles, 2021- 2031F |
6.4 India Automotive Leaf Spring Market, By Sales Channel |
6.4.1 Overview and Analysis |
6.4.2 India Automotive Leaf Spring Market Revenues & Volume, By OEM, 2021- 2031F |
6.4.3 India Automotive Leaf Spring Market Revenues & Volume, By Aftermarket, 2021- 2031F |
7 India Automotive Leaf Spring Market Import-Export Trade Statistics |
7.1 India Automotive Leaf Spring Market Export to Major Countries |
7.2 India Automotive Leaf Spring Market Imports from Major Countries |
8 India Automotive Leaf Spring Market Key Performance Indicators |
8.1 Average age of vehicles in India |
8.2 Number of new vehicle registrations in the commercial vehicle segment |
8.3 Adoption rate of advanced manufacturing technologies in leaf spring production |
9 India Automotive Leaf Spring Market - Opportunity Assessment |
9.1 India Automotive Leaf Spring Market Opportunity Assessment, By Type of End, 2021 & 2031F |
9.2 India Automotive Leaf Spring Market Opportunity Assessment, By Shape, 2021 & 2031F |
9.3 India Automotive Leaf Spring Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
9.4 India Automotive Leaf Spring Market Opportunity Assessment, By Sales Channel, 2021 & 2031F |
10 India Automotive Leaf Spring Market - Competitive Landscape |
10.1 India Automotive Leaf Spring Market Revenue Share, By Companies, 2024 |
10.2 India Automotive Leaf Spring Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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