Automotive Coil Spring Market

By Vehicle Type;

Passenger Cars, Commercial Vehicles and Off-Road Vehicles

By Spring Type;

Progressive, Linear and Dual-Rate

By Manufacturing Process;

Hot Coiling, Cold Coiling and Advanced Forming

By Material Type;

Steel, Alloy Steel, Carbon Fiber Composites and Others

By End-User;

Original Equipment Manufacturers and Aftermarket

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn438253749 Published Date: September, 2025 Updated Date: October, 2025

Automotive Coil Spring Market Overview

Automotive Coil Spring Market (USD Million)

Automotive Coil Spring Market was valued at USD 8,202.21 million. The size of this market is expected to increase to USD 13,696.73 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 7.6%.


Automotive Coil Spring Market

*Market size in USD million

CAGR 7.6 %


Study Period2025 - 2031
Base Year2024
CAGR (%)7.6 %
Market Size (2024)USD 8,202.21 Million
Market Size (2031)USD 13,696.73 Million
Market ConcentrationMedium
Report Pages373
8,202.21
2024
13,696.73
2031

Major Players

  • NHK Spring Co., Ltd
  • Kilen Springs
  • Mubea
  • Sogefi Group
  • GKN Automotive
  • Betts Spring Manufacturing
  • Draco Spring Manufacturing Company
  • Hyperco
  • Jamna Auto Industries Limited
  • MSSC (U.S. Metal Spring Company)

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Automotive Coil Spring Market

Fragmented - Highly competitive market without dominant players


The Automotive Coil Spring Market is experiencing consistent expansion, driven by the rising production of passenger and commercial vehicles worldwide. With over 55% of vehicles equipped with coil springs in their suspension systems, they play a crucial role in enhancing ride comfort, vehicle stability, and load-bearing capacity. The market’s growth is supported by increasing consumer demand for safe and smooth driving experiences.

Adoption in Passenger Vehicles
Passenger cars dominate coil spring applications, with nearly 60% usage across models due to their efficiency in absorbing shocks and vibrations. The demand for lightweight and durable suspension components is pushing manufacturers to innovate with advanced steel alloys and composite materials, ensuring higher strength and longevity in modern vehicles.

Commercial Vehicle Integration
Commercial vehicles account for about 30% of the total coil spring usage, as they require strong suspension systems to handle heavy loads and rough terrain. The rising demand in logistics, construction, and mining sectors is fueling the adoption of robust coil springs to ensure durability, reliability, and enhanced payload capacity.

Technological Innovations
Advancements in coil spring design and materials are reshaping the market. Nearly 35% of new developments focus on weight reduction and improved fatigue resistance. Innovations such as variable stiffness springs and hybrid composites are gaining traction, enhancing overall suspension performance while supporting vehicle efficiency goals.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Vehicle Type
    2. Market Snapshot, By Spring Type
    3. Market Snapshot, By Manufacturing Process
    4. Market Snapshot, By Material Type
    5. Market Snapshot, By End-User
    6. Market Snapshot, By Region
  4. Automotive Coil Spring Market
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing automotive production
        2. Focus on vehicle safety and comfort
        3. Growing market share of electric and hybrid vehicles (EVs and HEVs)
        4. Urbanization and infrastructure development
      2. Restraints
        1. Slow replacement cycle
        2. Stringent regulations
        3. Availability of alternative suspension technologies
        4. Supply chain disruptions
      3. Opportunities
        1. Electric vehicle market growth
        2. Adoption of lightweight materials
        3. Aftermarket demand
        4. Expansion into electric and hybrid vehicles
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Automotive Coil Spring Market, By Vehicle Type, 2021 - 2031 (USD Million)
      1. Passenger Cars
      2. Commercial Vehicles
      3. Off-Road Vehicles
    2. Automotive Coil Spring Market, By Spring Type, 2021 - 2031 (USD Million)
      1. Progressive
      2. Linear
      3. Dual-Rate
    3. Automotive Coil Spring Market, By Manufacturing Process, 2021 - 2031 (USD Million)
      1. Hot Coiling
      2. Cold Coiling
      3. Advanced Forming
    4. Automotive Coil Spring Market, By Material Type, 2021 - 2031 (USD Million)
      1. Steel
      2. Alloy Steel
      3. Carbon Fiber Composites
      4. Others
    5. Automotive Coil Spring Market, By End-User, 2021 - 2031 (USD Million)
      1. Original Equipment Manufacturers
      2. Aftermarket
    6. Automotive Coil Spring Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. NHK Spring Co., Ltd.
      2. Sogefi Group
      3. Mubea
      4. Tenneco Inc. (Monroe)
      5. Continental AG
      6. Thyssenkrupp AG
      7. Mitsubishi Steel Mfg. Co., Ltd.
      8. Lesjöfors AB
      9. Hyperco (MW Industries)
      10. Kilen Springs
      11. Betts Spring Manufacturing
      12. Jamna Auto Industries Ltd.
      13. Draco Spring Manufacturing Company
      14. Hendrickson USA L.L.C.
      15. Firestone Industrial Products Company LLC
  7. Analyst Views
  8. Future Outlook of the Market