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).
Spring and Wire Product Manufacturing Global Market Size
The global spring and wire product manufacturing market was valued at $464.7 billion in 2017. Asia Pacific was the largest geographic region accounting for $260.3 billion or 56.0% of the global market. China was the largest country accounting for $141.4 billion or 30.0% of the global spring and wire product manufacturing market.
Spring and Wire Product Manufacturing Global Market Trend
The usage of Wafios FMU 25 CNC spring and wire forming machine is increasing in this market due to its efficient production process and higher output producing capabilities. Wafios FMU 25 CNC is a high quality machine that requires low maintenance and is capable of producing wires of very complex bends and ends. The machine has been pre-configured such that very less data has to be entered during the programming thereby speeding up the process. The machine has been designed by Wafios, for companies dealing with the production of springs and wires.
The companies covered are All-Rite Spring Company, Bridon International Ltd, National Spring, Siddal & Hilton Products Ltd, and Wire Products Company.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
Spring and Wire Product Manufacturing Global Market Segmentation
The spring and wire product manufacturing market is segmented into Spring Manufacturing; and Other Fabricated Wire Product Manufacturing.
Spring Manufacturing comprises establishments primarily engaged in manufacturing springs from purchased wire, strip, or rod.
Other Fabricated Wire Product Manufacturing comprises establishments primarily engaged in manufacturing fabricated wire products (except springs) made from purchased wire.