Spring and
wire product manufacturing market comprises establishments primarily engaged in
manufacturing steel springs by forming, such as cutting, bending, and heat
winding, metal rod or strip stock and/or manufacturing wire springs and
fabricated wire products from wire drawn elsewhere (except watch and clock
springs).
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The global
spring and wire product manufacturing market was valued at $465 billion in
2017, and is expected to be driven by the increase in spending on construction
hence driving the growth of spring and wire product manufacturing market. Asia
Pacific was the largest geographic region in the market, accounting for almost
50% of the global market share.
The global
spring and wire product manufacturing market in The Business Research Company’s
report is spilt into two segments: spring manufacturing and other fabricated
wire product manufacturing.
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China was
the largest country in the market, accounting for 30% of the global spring and
wire product manufacturing market.
The top
five competitors in the market are All-Rite Spring Company, Bridon
International Ltd, National Spring, Siddal And Hilton Products Ltd, and Wire
Products Company. All-Rite Spring Company is the largest player in the market.
All-Rite Spring Company manufactures and designs steel springs product. It
serves agriculture, furniture, electrical and other sectors in the State of
Illinois.
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