The automotive composite leaf springs market has been gaining momentum between 2018 and 2023, driven by the industry’s transition toward lightweighting, efficiency, and sustainability. Leaf springs—traditionally made from steel—are critical suspension components in commercial vehicles, light trucks, and passenger cars. The introduction of composite materials such as glass fiber reinforced polymer (GFRP) and carbon fiber reinforced polymer (CFRP) has transformed the market outlook, offering weight savings, improved fuel efficiency, and better durability.

Market Size and Share

According to Stratview Research, the global automotive composite leaf springs market size is projected to reach USD 86.6 million by 2023. While steel springs continue to dominate overall volumes, composites have carved out a significant share in niche applications, especially in light commercial vehicles and high-performance segments. Europe has been a leading adopter due to stringent emission regulations, while Asia-Pacific remains the largest manufacturing hub, catering to global OEMs.

Key Trends

The market’s primary trend is the demand for lightweight materials to meet carbon emission standards. Composite leaf springs provide up to 60% weight reduction compared to steel, directly improving fuel economy and payload capacity. Additionally, composite springs resist corrosion, extending service life in harsh operating conditions. Another trend is OEM collaborations with material suppliers to integrate composite solutions directly into new vehicle platforms, rather than relying on aftermarket retrofits.

Competitive Landscape

Major players include SGL Group, Henkel, Liteflex, IFC Composite, and Owens Corning. These companies focus on partnerships with automakers, material innovations, and cost reduction strategies. While carbon fiber composites deliver superior performance, high costs limit mass adoption. Hence, glass fiber composites dominate current commercial applications due to their balance of affordability and performance.

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Growth Opportunities

Opportunities lie in electric vehicles (EVs) where weight reduction is critical for extending driving range. As EV adoption accelerates globally, composite leaf springs are increasingly attractive. Furthermore, advancements in automated and cost-effective manufacturing processes are expected to enhance production scalability and reduce costs, enabling broader adoption across mass-market passenger cars.

Conclusion

From 2018 to 2023, the automotive composite leaf springs market has demonstrated strong potential, supported by regulatory pressures, OEM interest, and material innovations. While challenges remain in terms of cost and large-scale adoption, the long-term outlook is promising, with EVs and sustainable mobility trends acting as catalysts for future growth.