Home / Automotive & Transportation / Metal Springs Market By Type (Helical Springs, Leaf Springs), By End-Use Industry (Automotive And Transportation, Manufacturing, Agriculture, Construction) - Growth, Share, Opportunities & Competitive Analysis, 2017 – 2025

Metal Springs Market By Type (Helical Springs, Leaf Springs), By End-Use Industry (Automotive And Transportation, Manufacturing, Agriculture, Construction) - Growth, Share, Opportunities & Competitive Analysis, 2017 – 2025

Published: Aug 2017 | Report Code: 58623-08-17

Spring is a simple object which stores mechanical energy and can be twisted, pulled, or stretched by an external force. The springs have virtually no alternative and therefore are extensively used for in several end-use industries depending upon their applications, types, shapes, sizes, stiffness and other mechanical properties. Most of the machines and equipment used in different industries cannot be designed or operated without the application of appropriate springs. With no practical replacement and almost endless end-use applications, the demand for the metal springs   is expected to witness continued growth throughout the forecast period of 2017 to 2025.

Continued growth in industry verticals such as industrial manufacturing and processing, automobile industry, agricultural instruments, constructions vehicles and devices, among others has resulted in the growth in the demand for equipment replacement and maintenance parts. Metal springs are extensively used in virtually all the aforementioned industry verticals for different applications. Therefore, the metal springs market is expected to showcase a consistent growth along with the aforementioned industries.

In addition, rising technology has significantly raised the capabilities of modern machining methods. Advanced and non-conventional machining methods are now capable of producing springs with complex geometries from different alloys. Such springs perform better and provide longer service life than conventional springs. With improved designed and physical attributes, these springs are extensively used for application such as railways, heavy industries, heavy duty automobiles and earth movers, among others. Therefore, advanced machining methods is one of the key factors for a positive growth in metal springs market from past few years.

Metal Springs Market 

The report titled “Metal Springs Market- Growth, Future Prospects and Competitive Landscape, 2017-2025” offers strategic insights into the global metal springs market with a focus on the market size and estimates for the duration 2015 to 2025. The said research study covers in-depth analysis of market segments based on type, end-use industry, and cross-sectional study across different geographies. The study covers the comparative analysis of each sub-segment for the years 2016-2025. The report also provides a prolific view on market dynamics such as market drivers, restraints, and opportunities.

In order to help strategic decision makers, the report also includes competitive profiling of the leading metal springs manufacturers, their strategies, market positioning and key developments. Some of the major players profiled in the report include Mid-West Spring and Stamping, GALA GROUP, Argo Spring Manufacturing Co., Inc., Patrick Manufacturing, Inc., Vulcan Spring & Mfg. Co., M.coil Spring Mfg. Co., Schnorr, SUHM Spring Works, Inc., DoFo Spring Manufacturing Co. LTD., Asco Engineering & Enterprise and S K SPIRING CO.

Other in-depth analysis provided in the report includes:

  • Current and future market trends to justify the forthcoming attractive markets within the metal springs industry.
  • Market fuelers, market impediments, and their impact on the market growth
  • Market inclination insights and key trend analysis for metal springs market
  • In-depth competitive environment analysis
  • Trailing 2-Year market size data (2015 – 2016)

Overall, the research study provides a holistic view of the global metal springs market, offering market size and estimates for the period from 2017 to 2025, keeping in mind the above-mentioned factors.

1. Preface
1.1. Report Scope and Description
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase II-Expert Panel Review
1.2.4. Assumptions
1.2.5. Approach Adopted

2. Executive Summary
2.1. Global Metal Springs Market Snapshot
2.2. Global Metal Springs Market, By Type
2.3. Global Metal Springs Market, By End-use Industry
2.4. Global Metal Springs Market, By Geography

3. Global Metal Springs Market Analysis
3.1. Global Metal Springs Market Overview
3.2. Market Inclination Insights
3.2.1. Recent Trends
3.2.2. Future Outlook
3.3. Market Dynamics
3.3.1. Market Drivers
3.3.2. Market Challenges
3.4. See-Saw Analysis
3.5. Attractive Investment Proposition
3.6. Market Positioning of Key Industry Participants
3.6.1. Major Strategies Adopted
3.6.2. Analyst Recommendations

4. Global Metal Springs Market Revenue, By Type, 2015 – 2025 (US$ Mn)
4.1. Market Analysis
4.2. Helical Springs
4.3. Leaf Springs
4.4. Others (Torsion Springs, Wire Forms, etc.)

5. Global Metal Springs Market Revenue, By End-use Industry, 2015 – 2025 (US$ Mn)
5.1. Market Analysis
5.2. Automotive and transportation
5.3. Manufacturing
5.4. Agriculture
5.5. Construction
5.6. Others (Mining, Consumer goods, etc.)

6. North America Metal Springs Market Analysis, 2015 – 2025 (US$ Mn)
6.1. North America Metal Springs Market Revenue, By Type, 2015 – 2025 (US$ Mn)
6.1.1. Helical Springs
6.1.2. Leaf Springs
6.1.3. Others (Torsion Springs, Wire Forms, etc.)
6.2. North America Metal Springs Market Revenue, By End-use Industry, 2015 – 2025 (US$ Mn)
6.2.1. Automotive and transportation
6.2.2. Manufacturing
6.2.3. Agriculture
6.2.4. Construction
6.2.5. Others (Mining, Consumer goods, etc.)
6.3. North America Metal Springs Market Revenue, By Country, 2015 – 2025 (US$ Mn)
6.3.1. U.S.
6.3.2. Rest of North America

7. Europe Metal Springs Market Analysis, 2015 – 2025 (US$ Mn)
7.1. Europe Metal Springs Market Revenue, By Type, 2015 – 2025 (US$ Mn)
7.1.1. Helical Springs
7.1.2. Leaf Springs
7.1.3. Others (Torsion Springs, Wire Forms, etc.)
7.2. Europe Metal Springs Market Revenue, By End-use Industry, 2015 – 2025 (US$ Mn)
7.2.1. Automotive and transportation
7.2.2. Manufacturing
7.2.3. Agriculture
7.2.4. Construction
7.2.5. Others (Mining, Consumer goods, etc.)
7.3. Europe Metal Springs Market Revenue, By Country, 2015 – 2025 (US$ Mn)
7.3.1. U.K.
7.3.2. Germany
7.3.3. France
7.3.4. Rest of Europe

8. Asia Pacific Metal Springs Market Analysis, 2015 – 2025 (US$ Mn)
8.1. Asia Pacific Metal Springs Market Revenue, By Type, 2015 – 2025 (US$ Mn)
8.1.1. Helical Springs
8.1.2. Leaf Springs
8.1.3. Others (Torsion Springs, Wire Forms, etc.)
8.2. Asia Pacific Metal Springs Market Revenue, By End-use Industry, 2015 – 2025 (US$ Mn)
8.2.1. Automotive and transportation
8.2.2. Manufacturing
8.2.3. Agriculture
8.2.4. Construction
8.2.5. Others (Mining, Consumer goods, etc.)
8.3. Asia Pacific Metal Springs Market Revenue, By Country, 2015 – 2025 (US$ Mn)
8.3.1. Japan
8.3.2. China
8.3.3. India
8.3.4. Rest of Asia Pacific

9. Rest of World Metal Springs Market Analysis, 2015 – 2025 (US$ Mn)
9.1. RoW Metal Springs Market Revenue, By Type, 2015 – 2025 (US$ Mn)
9.1.1. Helical Springs
9.1.2. Leaf Springs
9.1.3. Others (Torsion Springs, Wire Forms, etc.)
9.2. RoW Metal Springs Market Revenue, By End-use Industry, 2015 – 2025 (US$ Mn)
9.2.1. Automotive and transportation
9.2.2. Manufacturing
9.2.3. Agriculture
9.2.4. Construction
9.2.5. Others (Mining, Consumer goods, etc.)
9.3. RoW Metal Springs Market Revenue, By Country, 2015 – 2025 (US$ Mn)
9.3.1. Latin America
9.3.2. Middle-East and Africa

10. Company Profiles
10.1. Mid-West Spring and Stamping
10.2. GALA GROUP
10.3. Argo Spring Manufacturing Co., Inc.
10.4. Patrick Manufacturing, Inc.
10.5. Vulcan Spring & Mfg. Co.
10.6. M.coil Spring Mfg. Co.
10.7. Schnorr
10.8. SUHM Spring Works
10.9. DoFo Spring Manufacturing Co. LTD.
10.10. Asco Engineering & Enterprise
10.11. S K SPIRING CO.

List Of Table :

TABLE 1 Market Snapshot: Global Metal Springs Market
TABLE 2 Impact Indicators
TABLE 3 Impact Analysis of Drivers and Restraints
TABLE 4 North America Metal Springs Market Revenue, By Type, 2015 - 2025 (US$ Mn)
TABLE 5 North America Metal Springs Market Revenue, By End-use Industry, 2015 - 2025 (US$ Mn)
TABLE 6 North America Metal Springs Market Revenue, By Country, 2015 - 2025 (US$ Mn)
TABLE 7 U.S. Metal Springs Market Revenue, By Type, 2015 - 2025 (US$ Mn)
TABLE 8 U.S. Metal Springs Market Revenue, By End-use Industry, 2015 - 2025 (US$ Mn)
TABLE 9 Rest of North America Metal Springs Market Revenue, By Type, 2015 - 2025 (US$ Mn)
TABLE 10 Rest of North America Metal Springs Market Revenue, By End-use Industry, 2015 - 2025 (US$ Mn)
TABLE 11 Europe Metal Springs Market Revenue, By Type, 2015 - 2025 (US$ Mn)
TABLE 12 Europe Metal Springs Market Revenue, By End-use Industry, 2015 - 2025 (US$ Mn)
TABLE 13 Europe Metal Springs Market Revenue, By Country, 2015 - 2025 (US$ Mn)
TABLE 14 U.K. Metal Springs Market Revenue, By Type, 2015 - 2025 (US$ Mn)
TABLE 15 U.K. Metal Springs Market Revenue, By End-use Industry, 2015 - 2025 (US$ Mn)
TABLE 16 France Metal Springs Market Revenue, By Type, 2015 - 2025 (US$ Mn)
TABLE 17 France Metal Springs Market Revenue, By End-use Industry, 2015 - 2025 (US$ Mn)
TABLE 18 Germany Metal Springs Market Revenue, By Type, 2015 - 2025 (US$ Mn)
TABLE 19 Germany Metal Springs Market Revenue, By End-use Industry, 2015 - 2025 (US$ Mn)
TABLE 20 Rest of Europe Metal Springs Market Revenue, By Type, 2015 - 2025 (US$ Mn)
TABLE 21 Rest of Europe Metal Springs Market Revenue, By End-use Industry, 2015 - 2025 (US$ Mn)
TABLE 22 Asia Pacific Metal Springs Market Revenue, By Type, 2015 - 2025 (US$ Mn)
TABLE 23 Asia Pacific Metal Springs Market Revenue, By End-use Industry, 2015 - 2025 (US$ Mn)
TABLE 24 Asia Pacific Metal Springs Market Revenue, By Country, 2015 - 2025 (US$ Mn)
TABLE 25 China Metal Springs Market Revenue, By Type, 2015- 2025 (US$ Mn)
TABLE 26 China Metal Springs Market Revenue, By End-use Industry, 2015- 2025 (US$ Mn)
TABLE 27 Japan Metal Springs Market Revenue, By Type, 2015 - 2025 (US$ Mn)
TABLE 28 Japan Metal Springs Market Revenue, By End-use Industry, 2015 - 2025 (US$ Mn)
TABLE 29 India Metal Springs Market Revenue, By Type, 2015 - 2025 (US$ Mn)
TABLE 30 India Metal Springs Market Revenue, By End-use Industry, 2015 - 2025 (US$ Mn)
TABLE 31 Rest of Asia Pacific Metal Springs Market Revenue, By Type, 2015 - 2025 (US$ Mn)
TABLE 32 Rest of Asia Pacific Metal Springs Market Revenue, By End-use Industry, 2015 - 2025 (US$ Mn)
TABLE 33 Rest of World Metal Springs Market Revenue, By Type, 2015 - 2025 (US$ Mn)
TABLE 34 Rest of World Metal Springs Market Revenue, By End-use Industry, 2015 - 2025 (US$ Mn)
TABLE 35 Rest of World Metal Springs Market Revenue, By Region, 2015 - 2025 (US$ Mn)
TABLE 36 Latin America Metal Springs Market Revenue, By Type, 2015 - 2025 (US$ Mn)
TABLE 37 Latin America Metal Springs Market Revenue, By End-use Industry, 2015 - 2025 (US$ Mn)
TABLE 38 Middle-East and Africa Metal Springs Market Revenue, By Type, 2015 - 2025 (US$ Mn)
TABLE 39 Middle-East and Africa Metal Springs Market Revenue, By End-use Industry, 2015 - 2025 (US$ Mn)
TABLE 40 Mid-West Spring and Stamping: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, Recent Developments)
TABLE 41 GALA GROUP: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, Recent Developments)
TABLE 42 Argo Spring Manufacturing Co., Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, Recent Developments)
TABLE 43 Patrick Manufacturing, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, Recent Developments)
TABLE 44 Vulcan Spring & Mfg. Co.t: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, Recent Developments)
TABLE 45 M.coil Spring Mfg. Co.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, Recent Developments)
TABLE 46 Schnorr: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, Recent Developments)
TABLE 47 SUHM Spring Works, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, Recent Developments)
TABLE 48 DoFo Spring Manufacturing Co. LTD.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, Recent Developments)
TABLE 49 Asco Engineering & Enterprise: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, Recent Developments)
TABLE 50 S K SPIRING CO.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, Recent Developments)

List Of Figures :

FIG. 1 Global Metal Springs: Market Segmentation
FIG. 2 Global Metal Springs Market: Research Methodology
FIG. 3 Top-Down and Bottom Up Approach
FIG. 4 Global Metal Springs Market, By Type, 2016 (US$ Mn)
FIG. 5 Global Metal Springs Market, By End-use Industry, 2016 (US$ Mn)
FIG. 6 Global Metal Springs Market, By Geography, 2016 (US$ Mn)
FIG. 7 Global Metal Springs Market Revenue and Growth, 2015 - 2025, (US$ Mn and % Y-o-Y)
FIG. 8 See-Saw Analysis: Global Metal Springs Market
FIG. 9 Market Positioning of Key Industry Participants, 2016
FIG. 10 Global Metal Springs Market Revenue Contribution, By Type, 2016 & 2025 (Value %)
FIG. 11 Global Helical Springs Market Revenue and Growth, 2015 - 2025, (US$ Mn)
FIG. 12 Global Leaf Springs Market Revenue and Growth, 2015 - 2025, (US$ Mn)
FIG. 13 Global Other Springs Market Revenue and Growth, 2015 - 2025, (US$ Mn)
FIG. 14 Global Metal Springs Market Revenue Contribution, By End-use Industry, 2016 & 2025 (Value %)
FIG. 15 Global Metal Springs Market for Automotive and Transportation Revenue and Growth, 2015 - 2025, (US$ Mn)
FIG. 16 Global Metal Springs Market for Manufacturing Revenue and Growth, 2015 - 2025, (US$ Mn)
FIG. 17 Global Metal Springs Market for Agriculture Revenue and Growth, 2015 - 2025, (US$ Mn)
FIG. 18 Global Metal Springs Market for Construction Revenue and Growth, 2015 - 2025, (US$ Mn)
FIG. 19 Global Metal Springs Market for Others Revenue and Growth, 2015 - 2025, (US$ Mn)
FIG. 20 North America Metal Springs Market Revenue and Growth, 2015 - 2025, (US$ Mn) (Y-o-Y %)
FIG. 21 Europe Metal Springs Market Revenue and Growth, 2015 - 2025, (US$ Mn) (Y-o-Y %)
FIG. 22 Asia Pacific Metal Springs Market Revenue and Growth, 2015 - 2025, (US$ Mn) (Y-o-Y %)
FIG. 23 RoW Metal Springs Market Revenue and Growth, 2015– 2025, (US$ Mn) (Y-o-Y %)

 

The global metal springs market is segmented, based on type, into following categories:

  • Helical Springs
  • Leaf Springs
  • Others (Torsion Spring, Wire Forms, etc.)

Metal Springs Market

In terms of type, the helical spring segment led the global metal springs market in the year 2016. Helical coil springs for both tension and compression application are available in different shapes, sizes and materials. These springs are extensively used in industries including manufacturing, automotive and transportation, agriculture and construction, among others. Consequently, the segment is expected to show consistent growth along with the growth in the aforementioned industries throughout the forecast period from 2017 to 2025.

As of 2016, leaf spring trailed the helical spring segment in terms of revenue. Leaf springs represent one of the oldest forms of springs and are majorly used for suspension in automotive applications. The tight-knit structure of leaf springs allows them to take the heavy vertical load and hence find applications in heavy duty vehicles. These springs provide ample support between the wheels, chassis and axles. With revived growth in the automobile industry, the market for leaf spring is expected to grow consistently in the following years.

The global metal springs market is segmented, based on end-use industry, into following categories:

  • Automotive and Transportation
  • Manufacturing
  • Agriculture
  • Construction
  • Others (Mining, Consumer goods, etc.)

Metal Springs Market

As of 2016, the manufacturing industry held the largest share in the overall metal springs market, in terms of revenue. Post economic slowdown in the late 2000’s, the manufacturing industry has revived significantly in the recent years. Manufacturing industries in the developing nations including China, India and Brazil among others are flourishing at a brisk rate. With consistent growth in manufacturing industry, the demand for numerous spring components used in the manufacturing industries is expected to rise during the forecast period.

As of 2016, automotive and transportation segment trailed the manufacturing industry segment in terms of revenue.  Reviving automotive industry forms a significant factor responsible for the growth in metal springs market. In addition, continued demand from the railway and roadway applications is expected to further drive the demand for metal springs in this segment. This, in turn is expected to have a positive impact on the demand for various types of springs, especially leaf springs, in the following years.

The global metal springs market has been segmented, on the basis of geographical regions, as per following regions and countries:

  • North America
    • U.S.
    • Rest of North America
  • Europe
    • U.K.
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Rest of Asia Pacific
  • Rest of the World (RoW)
    • The Middle East and Africa
    • Latin America

 Metal Springs Market

As of 2016, Asia Pacific dominated the overall metal spring market in terms of revenue as well as in volume. Asia Pacific has been witnessing a strong growth in industries including processing, automotive, and manufacturing, among others. Growing industries across the developing countries in the Asia Pacific region such as India and China have boosted the growth for spares and adjacent industries across the region. Metal springs are one of the most important spare required across different industry verticals. Consequently, the demand for the metal spring is expected to remain high in this region throughout the forecast period from 2017 to 2025.

Europe trailed Asia Pacific in the overall metal spring market in terms of revenue and volume. Presence of established manufacturing industries and economic stability in the recent years have encouraged the growth of metal springs market in this region. The metal springs market in North America is also expected to show consistent growth during the forecast period from 2017 to 2025.

Choose License Type
Connect With Us
+1-800-361-8290
24/7 Research Support

Credence Webinars

Join Credence analysts to explore the latest IT Trends

view upcoming webinars

Our Clients