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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

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Market Insights

A spring is a simple object that 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 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 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, automobiles, agricultural instruments, construction vehicles and devices, and so on has resulted in an increase in 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 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 a longer service life than conventional springs. With improved design and physical attributes, these springs are extensively used for applications such as railways, heavy industries, heavy-duty automobiles, and earthmovers, among others. Therefore, advanced machining methods are one of the key factors for the positive growth in the metal springs market over the past few years.

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’s size and estimates for the period 2015–2025. The said research study covers an in-depth analysis of market segments based on type, end-use industry, and a 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 of 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 spring 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 spring industry.
  • Market fuelers, market impediments, and their impact on market growth
  • Market inclination insights and key trend analysis for the 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.

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

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

In 2016, the helical spring segment led the global metal springs market by type. Helical coil springs for both tension and compression applications 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, the leaf spring segment trailed the helical spring segment in terms of revenue. Leaf springs represent one of the oldest forms of springs and are primarily used for suspension in automotive applications. Because of their close-knit structure, leaf springs can withstand heavy vertical loads and thus find use 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 springs is expected to grow consistently in the following years.

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

  • Automotive and Transportation
  • Manufacturing
  • Agriculture
  • Construction
  • Others (mining, consumer goods, etc.)

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

As of 2016, the automotive and transportation segments trailed the manufacturing industry segment in terms of revenue. Reviving the automotive industry is a significant factor responsible for the growth of the 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 the following regions and countries:

  • North America
    • US.
    • Canada
  • Europe
    • Germany
    • France
    • UK.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of the Middle East and Africa

As of 2016, Asia Pacific dominated the overall metal spring market in terms of revenue as well as volume. Asia Pacific has been witnessing 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 of spares and adjacent industries across the region. Metal springs are one of the most important spares 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. The presence of established manufacturing industries and economic stability in recent years has encouraged the growth of the metal spring 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.

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 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 %)

List of Tables

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)

Frequently Asked Questions

What is the size of Metal Springs Market?

The market for Metal Springs is expected to reach US$ 20.6 Bn in 2025.

What is the Metal Springs Market CAGR?

The Metal Springs market is expected to see significant CAGR growth over the coming years,at 5.1%.

What is the Forecast period considered for Metal Springs Market?

The report is forecasted from 2017-2025.

What is the base year considered for Metal Springs Market?

The base year of this report is 2016.

Who are the major players in this Market?

Mid-West Spring and Stamping,GALA GROUP,Argo Spring Manufacturing Co.Inc.,Patrick Manufacturing, Inc.,Vulcan Spring & Mfg.Co.are some of the major players in the global market.

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