Automotive Clock Spring Market – Global Industry Analysis and Forecast (2023-2029)

Automotive Clock Spring Market is expected to grow at a CAGR of 7.2% throughout the forecast period, to reach US$ 6.17 Bn. by 2029. The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.Automotive Clock Spring MarketTo know about the Research Methodology :- Request Free Sample Report An automotive clock spring is installed in the steering wheel of the vehicle. The spring retracts and expands inside the steering wheel when steering wheel moves. The primary function of the clock spring is to maintain electric connections of the airbag unit, steering mounted controls such as radio, and other entertainment functions, which are mounted on the steering wheel. The material utilized for clock spring is carbon steel, stainless steel, and copper alloys owing to their advantage over the other materials. The growth of automotive clock spring market is witnessed due to the increase in demand for passenger safety equipment like the airbag and seat belts. The major factors driving the growth of the automotive clock spring market include the benefits of accuracy, stability, and reliability and high demand in the global industries. Increase in demand for steering mounted controls, government emphasis on passenger’s safety, a rise in demand for passenger vehicles and light commercial vehicle and demand for safety features these factors are likely to drive the market of automotive clock spring in the forecast period. Automotive clock spring market can be segmented into the product, Vehicle, and region. On the basis of Vehicle, automotive clock spring market is segregated into the passenger vehicle and commercial vehicle. Passenger vehicle segment constituted more market share in 2017. Demand for vehicles is increasing worldwide. The global increase in the number of vehicles can be ascribed to the rise in global population. In the coming years, the market will significantly gain from the rising demand for passenger vehicles and light commercial vehicles. Rapid industrialization and growing construction industry in a developing region would drive the market of a commercial vehicle in the forecast period. In terms of region, the automotive clock spring market is classified into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America dominated the clock spring market. In this region for the safety of passengers’ government mandated the airbag for light vehicles owing to this consumption of clock spring is high in this region and it is expected to remain high during the forecast period. Some of the key prominent market players in the automotive clock spring market are Angotan Auto Parts, Spring Works Utah Inc., Draco Spring Mfg. Co., MHC Linkway Auto Parts Limited, Sanwim Auto Parts, Jinzhou Jinheng Automotive Safety System Co., Nardrun Electronic Technology Co., Other. The market for automotive clock spring is primarily driven by rising demand for airbags in vehicles.

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Global Automotive Clock Spring Market
Report Coverage Details
Base Year: 2022 Forecast Period: 2023-2029
Historical Data: 2017 to 2022 Market Size in 2022: US $ 3.79 Bn.
Forecast Period 2023 to 2029 CAGR: 7.2% Market Size in 2029: US $ 6.17 Bn.
Segments Covered: by Product • Carbon Steel • Alloy Steel • Stainless Steel • Super alloy
by Vehicle • Passenger Vehicle • Commercial Vehicle

Automotive Clock Spring Market, by Region

● North America (United States, Canada and Mexico) ● Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe) ● Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC) ● Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) ● South America (Brazil, Argentina, Columbia and Rest of South America).

Automotive Clock Spring Market, Key Players are:

• Angotan Auto Parts • Spring Works Utah Inc. • Draco Spring Mfg. Co. • MHC Linkway Auto Parts Limited • Sanwim Auto Parts • Jinzhou Jinheng Automotive Safety System Co. • Nardrun Electronic Technology Co. • Reebang • TP • Bosch • ZF • Jiaxing MobaseHuachang Electronics Frequently Asked Questions: 1. Which region has the largest share in Global Automotive Clock Spring Market ? Ans: North America region held the highest share in 2022. 2. What is the growth rate of Global Automotive Clock Spring Market ? Ans: The Global Automotive Clock Spring Market is growing at a CAGR of 7.2% during forecasting period 2023-2029. 3. What is scope of the Global Automotive Clock Spring Market report? Ans: Global Automotive Clock Spring Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Automotive Clock Spring Market ? Ans: The important key players in the Global Automotive Clock Spring Market are – Angotan Auto Parts, Spring Works Utah Inc., Draco Spring Mfg. Co., MHC Linkway Auto Parts Limited, Sanwim Auto Parts, Jinzhou Jinheng Automotive Safety System Co., Nardrun Electronic Technology Co., Reebang, TP, Bosch, ZF, Jiaxing MobaseHuachang Electronics. 5. What is the study period of this Market? Ans: The Global Automotive Clock Spring Market is studied from 2022 to 2029

Automotive Clock Spring Market

1. INTRODUCTION 1.1 Report Description 1.1.1 Objectives of the Study 1.1.2 Market Scope 1.1.3 Years considered in the study 1.1.4 Currency 1.1.5 Stakeholders 1.2 Target Audience 1.3 Key Takeaways 2. RESEARCH METHODOLOGY 2.1 Research Methodology 2.2 Market Definition 2.3 Assumptions and Acronyms Used 2.4 Data Sources 2.4.1 Secondary 2.4.1.1 Paid 2.4.1.2 Unpaid 2.4.2 Primary 2.5 Analyst tools and models 3. EXECUTIVE SUMMARY 3.1 Automotive Clock Spring Market Overview 3.1.1 By Product Type 3.1.2 By Vehicle 3.1.3 By Geography 4. HISTORICAL PERSPECTIVE AND CURRENT TRENDS 4.1 Automotive Clock Spring Market 4.1.1 Emergence and Evolution 4.1.2 Technological Transformations 4.1.3 AUTOMOTIVE CLOCK SPRING MARKET by Region 4.1.3.1 North America Automotive Clock Spring Market 4.1.3.1.1 Key Economic Indicators 4.1.3.1.1.1 Country wise GDP Growth Forecast 4.1.3.1.1.1.1 USA 4.1.3.1.1.1.2 Canada 4.1.3.2 Europe Automotive Clock Spring Market 4.1.3.2.1 Key Economic Indicators 4.1.3.2.1.1 Country wise GDP Growth Forecast 4.1.3.2.1.1.1 Germany 4.1.3.2.1.1.2 U.K 4.1.3.2.1.1.3 France 4.1.3.2.1.1.4 Russia 4.1.3.2.1.1.5 Spain 4.1.3.2.1.1.6 Others 4.1.3.3 Asia Pacific Automotive Clock Spring Market 4.1.3.3.1 Key Economic Indicators 4.1.3.3.1.1 Country wise GDP Growth Forecast 4.1.3.3.1.1.1 China 4.1.3.3.1.1.2 India 4.1.3.3.1.1.3 Japan 4.1.3.3.1.1.4 South Korea 4.1.3.3.1.1.5 Others 4.1.3.4 Latin America, Africa and Middle East Automotive Clock Spring Market 4.1.3.4.1 Key Economic Indicators 4.1.3.4.1.1 Country wise GDP Growth Forecast 4.1.3.4.1.1.1 Brazil 4.1.3.4.1.1.2 South Africa 4.1.3.4.1.1.3 Saudi Arabia 4.1.3.4.1.1.4 UAE 4.1.3.4.1.1.5 Others 4.2 AUTOMOTIVE CLOCK SPRING MARKET OUTLOOK 4.3 Automotive Clock Spring Market Definition, Segmentation and Scope of Study 4.4 Market Dynamics 4.4.1 Drivers 4.4.1.1 Rising demand for safety feature in Vehicle Type 4.3.1.2.Technological advancements 4.4.2 Restraints 4.4.2.1 Fully autonomous vehicle 4.4.2.2 Improper Centring process 4.5 Competitive Analysis 4.5.1 Key Strategic Initiatives 4.5.2 Regional Presence 4.5.3 Product Overview 4.6 Porter’s Analysis 4.7 PESTEL Analysis 4.8 Product Benchmark Analysis 4.9 Company Market Share Analysis 4.10 Key Findings 4.10.1 Top Wining Strategies 4.10.2 Top Investment Pockets 4.10.3 Top Impacting Factors 5. AUTOMOTIVE CLOCK SPRING MARKET, BY PRODUCT TYPE 5.1 Automotive Clock Spring Market: Product Type Segment Market Share analysis 5.2 Automotive Clock Spring Market: Product Type Segment Market Size and Forecast 2023-2029 5.3 Carbon Steel 5.4 Alloy Steel 5.5 Stainless Steel 5.6 Super alloy 5.7 Automotive Clock Spring Market Benchmarking By Product Type 5.8 Automotive Clock Spring Market by Product Type: Key Trends 5.9 Automotive Clock Spring Market by Product Type: Key Developments 6. AUTOMOTIVE CLOCK SPRING MARKET, BY VEHICLE 6.1 Automotive Clock Spring Market: Vehicle segment Market Share Analysis 6.2 AUTOMOTIVE CLOCK SPRING MARKET: Vehicle segment Market Size and Forecast 2023-2029 6.3 Passenger Vehicles 6.4 Commercial Vehicles 6.5 Automotive Clock Spring Market Benchmarking By Vehicle 6.6 Automotive Clock Spring Market by Vehicle: Key Trends 6.7 Automotive Clock Spring Market by Vehicle: Key Developments 7. AUTOMOTIVE CLOCK SPRING MARKET, BY GEOGRAPHY 7.1 Automotive Clock Spring Market: Geography segment Market Share Analysis 7.2 Automotive Clock Spring Market: Geography segment Market Size and Forecast 2023-2029 7.3 North America Automotive Clock Spring Market 7.3.1 Overview 7.3.2 Market Size and Forecast, by Product Type2023-2029 7.3.3 Market Share Analysis , by Product Type2023-2029 7.3.4 Market Size and Forecast, by Vehicle2023-2029 7.3.5 Market Share Analysis , by Vehicle2023-2029 7.3.6 Market Size and Forecast, by Country 2023-2029 7.3.7 Market Share Analysis , by Country 2023-2029 7.4 Europe Automotive Clock Spring Market 7.4.1 Overview 7.4.2 Market Size and Forecast, by Product Type2023-2029 7.4.3 Market Share Analysis , by Product Type2023-2029 7.4.4 Market Size and Forecast, by Vehicle2023-2029 7.4.5 Market Share Analysis , by Vehicle2023-2029 7.4.6 Market Size and Forecast, by Country 2023-2029 7.4.7 Market Share Analysis , by Country 2023-2029 7.5 Asia Pacific Automotive Clock Spring Market 7.5.1 Overview 7.5.2 Market Size and Forecast, by Product Type2023-2029 7.5.3 Market Share Analysis , by Product Type2023-2029 7.5.4 Market Size and Forecast, by Vehicle2023-2029 7.5.5 Market Share Analysis , by Vehicle2023-2029 7.5.6 Market Size and Forecast, by Country 2023-2029 7.5.7 Market Share Analysis , by Country 2023-2029 7.6 Latin America, Middle East and Africa Automotive Clock Spring Market 7.6.1 Overview 7.6.2 Market Size and Forecast, by Product Type2023-2029 7.6.3 Market Share Analysis , by Product Type2023-2029 7.6.4 Market Size and Forecast, by Vehicle2023-2029 7.6.5 Market Share Analysis , by Vehicle2023-2029 7.6.6 Market Size and Forecast, by Country 2023-2029 7.6.7 Market Share Analysis , by Country 2023-2029 7.7 Automotive Clock Spring Market Benchmarking By Geography 7.8 Automotive Clock Spring Market by Geography : Key Trends 7.9 Automotive Clock Spring Market by Geography : Key Developments 8. COMPITITIVE LANDSCAPE 8.1 Market Share/ Positioning Analysis 8.2 Key Innovators 8.3 Company Profiles 8.3.1 Angotan Auto Parts 8.3.1.1 Overview 8.3.1.2 Product/Service Portfolio 8.3.1.3 Key Financials 8.3.1.4 Strategic Initiatives 8.3.1.5 SWOT Analysis 8.3.1.6 Competitive Assessment 8.3.2 Spring Works Utah Inc. 8.3.2.1 Overview 8.3.2.2 Product/Service Portfolio 8.3.2.3 Key Financials 8.3.2.4 Strategic Initiatives 8.3.2.5 SWOT Analysis 8.3.2.6 Competitive Assessment 8.3.3 Draco Spring Mfg. Co. 8.3.3.1 Overview 8.3.3.2 Product/Service Portfolio 8.3.3.3 Key Financials 8.3.3.4 Strategic Initiatives 8.3.3.5 SWOT Analysis 8.3.3.6 Competitive Assessment 8.3.4 MHC Linkway Auto Parts Limited 8.3.4.1 Overview 8.3.4.2 Product/Service Portfolio 8.3.4.3 Key Financials 8.3.4.4 Strategic Initiatives 8.3.4.5 SWOT Analysis 8.3.4.6 Competitive Assessment 8.3.5 Sanwim Auto Parts 8.3.5.1 Overview 8.3.5.2 Product/Service Portfolio 8.3.5.3 Key Financials 8.3.5.4 Strategic Initiatives 8.3.5.5 SWOT Analysis 8.3.5.6 Competitive Assessment 8.3.6 Jinzhou Jinheng Automotive Safety System Co. 8.3.6.1 Overview 8.3.6.2 Product/Service Portfolio 8.3.6.3 Key Financials 8.3.6.4 Strategic Initiatives 8.3.6.5 SWOT Analysis 8.3.6.6 Competitive Assessment 8.3.7 Nardrun Electronic Technology Co. 8.3.7.1 Overview 8.3.7.2 Product/Service Portfolio 8.3.7.3 Key Financials 8.3.7.4 Strategic Initiatives 8.3.7.5 SWOT Analysis 8.3.7.6 Competitive Assessment 8.3.8 TP 8.3.8.1 Overview 8.3.8.2 Product/Service Portfolio 8.3.8.3 Key Financials 8.3.8.4 Strategic Initiatives 8.3.8.5 SWOT Analysis 8.3.8.6 Competitive Assessment 8.3.9 Reebang 8.3.9.1 Overview 8.3.9.2 Product/Service Portfolio 8.3.9.3 Key Financials 8.3.9.4 Strategic Initiatives 8.3.9.5 SWOT Analysis 8.3.9.6 Competitive Assessment 8.3.10 Bosch 8.3.10.1 Overview 8.3.10.2 Product/Service Portfolio 8.3.10.3 Key Financials 8.3.10.4 Strategic Initiatives 8.3.10.5 SWOT Analysis 8.3.10.6 Competitive Assessment 8.3.11 ZF 8.3.11.1 Overview 8.3.11.2 Product/Service Portfolio 8.3.11.3 Key Financials 8.3.11.4 Strategic Initiatives 8.3.11.5 SWOT Analysis 8.3.11.6 Competitive Assessment 8.3.12 Jiaxing MobaseHuachang Electronics 8.3.12.1 Overview 8.3.12.2 Product/Service Portfolio 8.3.12.3 Key Financials 8.3.12.4 Strategic Initiatives 8.3.12.5 SWOT Analysis 8.3.12.6 Competitive Assessment 9. CONSOLIDATION 9.1 Mergers and Acquisitions 9.1.1 Overview 9.1.2 Key Drivers – By Region 9.1.3 M&A Breakdown 9.1.3.1 Vehicle Based 9.1.3.2 Product Based 9.1.3.3 Niche Based 9.1.3.4 Region Based 9.1.3.5 Asset & Non-Asset Based 9.1.3.6 Venture Capitalist Based 9.2 Fragmentation of Global Automotive Clock Spring Market 9.3 Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 9.4 New/Emerging Models of Partnerships : Key Examples 9.5 New/Emerging Business Models : Key Examples 9.6 Changing Investment Paradigm : Focused areas by Key Players 9.7 Patent Analysis 10. LIST OF TABLES 11. LIST OF FIGURES

About This Report

Report ID 12048
Category Automotive and Transportation
Published Date April 2023
Updated Date
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