The development trend of the steel plate spring industry is good under the favorable conditions of upstream and downstream industries in the industrial chain
The development trend of the steel plate spring industry is good under the favorable conditions of upstream and downstream industries in the industrial chain
Leaf Spring, also known as leaf spring, is an elastic component in automotive suspension, mainly composed of several alloy spring sheets of equal width but not equal length. According to different forms, leaf springs can be divided into two categories: multi leaf springs and few leaf springs.
Leaf springs have the advantages of high elasticity, high strength, good load-bearing performance, strong fatigue resistance, good corrosion resistance, good temperature resistance, simple structure, strong reliability, convenient maintenance, and low cost. They mainly play a buffering, shock absorption, load-bearing, and power transmission role, and are widely used in freight vehicles such as trucks and trailers, as well as in passenger vehicles, off-road vehicles, pickup trucks, and other vehicle models.
From the upstream of the industrial chain, steel is the main raw material for steel plate springs. As a major steel producer in China, according to data from the National Bureau of Statistics, the domestic steel production in 2022 was 13.40335 million tons, a year-on-year increase of 0.3%. The sufficient supply of upstream raw materials has created favorable conditions for the development of the domestic steel plate spring industry.
From the downstream of the industrial chain, the automotive industry is the main demand end for steel plate springs. Against the backdrop of rapid development in the domestic automotive industry, the demand and scale of the steel plate spring market, as one of the basic components and components of automobiles, are constantly increasing. According to statistics from the China Association of Automobile Manufacturers, in 2022, a total of 2.8926 million trucks were sold in China, including 671900 heavy-duty trucks sold throughout the year. In this context, according to the "2023-2028 in-depth market research and investment prospect prediction analysis report of the steel plate spring industry" released by the New Century Industry Research Center, the domestic steel plate spring market size in 2022 is about 10.28 billion yuan, a year-on-year increase of 4.1%.
The production technology difficulty of steel plate springs is relatively low. There are many production enterprises in China, and market competition is relatively fierce. Improving product quality in the future will be the key for enterprises to achieve production and development in the fierce market competition.
