Introduction to Spring Shackles
A shackle is an essential component of the suspension system which is attached between a leaf spring and vehicle frame. It enables the leaf spring to work through length changes. Leaf spring positions the axle under the vehicle and supports the weight of the vehicle as it is the primary component of the suspension system. When the leaf spring flexes up or down, its length from the main eye to shackle eye changes. The angle at which the spring shackles are installed may have an impact on the compression, comfort and handling capabilities of the vehicle.
Spring shackles are generally made of stamped steel, but aftermarket manufacturers use different materials to manufacture spring shackles to handle different operating conditions and provide stability to the suspension system when vehicle is loaded dynamically. When spring shackles are installed in vehicles, all the four wheels of the vehicle can maintain contact while commuting, including when driving on speed bumps.
Market Size and Forecast
Technological advancements in the automobile industry have led to the development of new and amended spring shackles that are longer in length, assist precise handling, increases wheel travel and contributing towards improving the driver comfort. Both heavy and light commercial vehicles are extensively using spring shackles in leaf spring suspension system owing to developed load bearing capacity and economic characteristics.
The global spring shackle market is anticipated to witness a significant growth over the forecast period i.e. 2019-2027. The spring shackle market is segmented by vehicle type & sales channel. The market is segmented by vehicle type into light commercial vehicles and heavy commercial vehicles out of which, the light commercial vehicles segment is anticipated to have leading shares on account of extensive use of light commercial vehicles in the transportation. Increasing demand for commercial vehicles owing to the growth of the industrial sector is anticipated to boost the growth of light commercial vehicles as they are used for transportation in industries. DOWNLOAD SAMPLE REPORT HERE
The market is further segmented by sales channel into original equipment manufacturer and aftermarket.
Light weight zinc plated spring shackles have been invented in order to cater the current demand, improved load distribution and spring flex. Moreover, conventional spring shackles are being replaced by the sliding spring shackles in the current scenario.
Use of spring shackles has improved in recent years owing to improving the safety for users and reducing the risk of concussion. It has been notified that more sophisticated suspension designs and advanced spring shackles have been developed as per the driving need and vehicle type which has increased the demand for the spring shackles for the vehicles. They have been increasingly used in heavy vehicles offering the advantage of spreading the load widely over vehicle’s chassis. Protection from the vehicle rollovers, overall driving quality and lowering the center of gravity enduring driving safety in turns and corners have been taken into consideration in the recent scenario. Specific up gradation in the drive is being ensured by the spring shackles of recent times.
Growth Drivers
Low maintenance and high resistance
The leaf spring suspension system is increasingly used owing to its low maintenance cost and its high resistance to wear and tear. Hence, they are widely used in vehicles having high load leading to the growth of the market during the forecast period.
Technological advancements
Enhancement in technology related to automobile industry is leading to the development of new and improved spring shackles giving better handling, long length, increasing the wheel travel and more driver comfort. Replacement of the spring shackles with sliding spring shackles is boosting the growth of the spring shackles market.
Restraints
Obsolete designs
The use of spring shackles has become obsolete in passenger cars. Moreover, problems occurring due to the bending of spring shackles is limiting the use of shackles in the vehicles hence projected to obstruct the growth of the spring shackles market during the forecast period.
Market Segmentation
Our-in depth analysis of the spring shackles market includes the following segments:
By Vehicle Type
- Light commercial vehicle
- Heavy commercial vehicle
By Sales Channel
- Original equipment manufacturer
- After market
By Region
On the basis of regional analysis, the spring shackles market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
Spring shackles market shares a collaborative relationship with the automotive industry. Increasing industrialization in Asia Pacific region will lead to rise in the demand for commercial vehicles and is anticipated to have a significant impact on the growth of spring shackles market in this region. Europe has been the pioneer of innovations and technology relating to commercial vehicles leading to strong investments in spring suspension system production. The European market is expected to witness a rise in the demand for spring shackles. Middle East and Africa region is known for trading activities therefore, placing a demand for efficient commercial vehicles which will ultimately lead to the growth of spring shackles market in the near future.
The spring shackles market is further classified on the basis of region as follows:
- North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis.
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis
Top Featured Companies Dominating the Market
- Hub City Spring and Machine Ltd
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Dobinsons Spring & Suspensions
- Dorman Products Inc.
- Mountain Off-Road Enterprises
- Omix – ADA Inc.
- Surindra Auto Industries
- Crown Automotive Sale Co. Inc.
- Lovells Springs Pty. Ltd.
