Wire And Spring Product Market By Application (Automotives, Aerospace), By Type (Fabricated Wire Products, Light Gauge), By Metal Derivatives (Aluminum Based, Coated Electrodes), Industry Size, Growth, Share And Forecast To 2022

Published By: Brisk Insights | Published On: May 5, 2016

Key Findings


The global wire and spring product market is expected to grow at an impressive CAGR during 2015-2022. The major factors driving the market are raising application in daily use products, technological advancement and wide application as product and as component. The use of wire and spring is multipurpose, from a pen to automobiles the daily use of wires and spring is increasing rapidly. Another factor influencing the market is the technological advancement. Almost every sector including automobiles, construction, healthcare, agriculture is experiencing a wide technological development. The use of wire and spring is common in almost every machinery and devices resulting in growth of the wire and spring product market. Although there are many factors driving the market yet there are some challenges faced by the market such as volatile raw material prices and highly competitive market. The raw materials such as metals, copper, steel prices are rapidly increasing, hindering the growth of market.


Market Segment Insight


The market is majorly segmented on the basis of application, type and metal derivatives. On the basis of application the market is segmented into Automotive, aerospace, government, medical and healthcare and commercial and industrial sector. Automotive segment is anticipated to show the significant growth during the forecast period owing to the increasing demand for automobiles. On the basis of type, the market is segmented into fabricated wire, light gauge and heavy gauge springs. Metal derivatives is further segmented into aluminum based, barbed, copper based and coated electrodes.


Regional Insight


Based on geography, the market is segmented into North America, Europe, APAC and RoW. North America occupies the largest market share globally and is followed by Europe, Asia Pacific and RoW. Asia Pacific dominates the market due to increasing application based usage of wire and springs. The developing economies such as India and China are expected to be promising markets due to the growing manufacturing and exports of wires and springs. Europe is the second largest market due to growing automobile industries. Automobile sector dominates the market with maximum usage of springs and wire.


Competitive Insights


Some of the major market players are All-Rite Spring Company, Bridon International Ltd, National Spring, Siddal & Hilton Products Ltd., Wire Products Company, Usha martin limited, Tata steel global wires India, CE Williams. Product portfolio expansion, acquisition, mergers, agreements are the key strategies adopted by the companies. In January 2015, Bridon International Ltd acquired Scan rope a Norway based companyy, the acquisition will strengthen the market position of the company.

CHAP 1. METHODOLOGY & SCOPE 11
1.1. RESEARCH METHODOLOGY 11
1.2. RESEARCH SCOPE & ASSUMPTIONS 11
1.3. LIST OF DATA SOURCES 11


CHAP 2. EXECUTIVE SUMMARY 12
2.1. GLOBAL WIRE AND SPRING PRODUCT MARKETSUMMARY & KEY BUYING CRITERIA 12
2.2. GLOBAL WIRE AND SPRING PRODUCT MARKET OUTLOOK 12
2.3. MARKET SEGMENTATION ANALYSIS 12
2.4. MARKET SIZE AND GROWTH PROSPECTS 2012-2022 12
2.5. GLOBAL WIRE AND SPRING PRODUCT MARKET VALUE CHAIN ANALYSIS 12
2.6. VENDOR LANDSCAPE 12


CHAP 3. GLOBAL WIRE AND SPRING PRODUCT MARKET 13
3.1. MARKET DRIVER ANALYSIS 13
3.1.1. RISING APPLICATION IN DAILY USE PRODUCTS 13
3.1.2. TECHNOLOGICAL ADVANCEMENTS 13
3.1.3. WIDE APPLICATIONS AS PRODUCTS AND AS COMPONENTS 13
3.2. MARKET RESTRAINT ANALYSIS 13
3.2.1. SAFTEY RESTRAINTS 13
3.3. KEY OPPORTUNITIES 13
3.3.1. GROWING DEMAND IN DEVELOPING COUNTRIES 13
3.3.2. INCREASING END USE APPLICATIONS 13
3.4. CHALLENGES 13
3.4.1. VOLATILE RAW MATERIAL PRICES 13
3.4.2. HIGHLY COMPETITIVE MARKET 13


CHAP 4. INDUSTRY ANALYSIS 14
4.1. GLOBAL WIRE AND SPRING PRODUCT MARKET– PORTER’S FIVE FORCE MODEL 14
4.2. GLOBAL WIRE AND SPRING PRODUCT MARKET– PESTEL ANALYSIS 14
4.3. GLOBAL WIRE AND SPRING PRODUCT MARKET– GAP ANALYSIS 14


CHAP 5. GLOBAL WIRE AND SPRING PRODUCT MARKET BY APPLICATION 2012-2022 ($ BILLION) 15
5.1. GLOBAL WIRE AND SPRING PRODUCT MARKET BY AUTOMOTIVES 2012-2022 ($ BILLION) 15
5.2. GLOBAL WIRE AND SPRING PRODUCT MARKET BY AEROSPACE 2012-2022 ($ BILLION) 15


CHAP 6. GLOBAL WIRE AND SPRING PRODUCT MARKET BY TYPE 2012-2022 ($ BILLION) 16
6.1. GLOBAL WIRE AND SPRING PRODUCT MARKET BY FABRICATED WIRE PRODUCTS 2012-2022 ($ BILLION) 16
6.2. GLOBAL WIRE AND SPRING PRODUCT MARKET BY LIGHT GAUGE 2012-2022 ($ BILLION) 16


CHAP 7. GLOBAL WIRE AND SPRING PRODUCT MARKET BY METAL DERIVATIVES 2012-2022 ($ BILLION) 17
7.1. GLOBAL WIRE AND SPRING PRODUCT MARKET BY ALUMINUM BASED 2012-2022 ($ BILLION) 17
7.2. GLOBAL WIRE AND SPRING PRODUCT MARKET BY BARBED 2012-2022 ($ BILLION) 17
7.4. GLOBAL WIRE AND SPRING PRODUCT MARKET BY COATED ELECTRODES 2012-2022 ($ BILLION) 17


CHAP 8. GLOBAL WIRE AND SPRING PRODUCT MARKET REGIONAL OUTLOOK 2012-2022 ($ BILLION) 18
8.1. GLOBAL WIRE AND SPRING PRODUCT MARKETBY REGION 2012-2022 ($ BILLION) 18
8.2. NORTH AMERICA 18
8.2.1. NORTH AMERICA MARKET ESTIMATES AND FORECAST 2012-2022 ($ BILLION) 18
8.2.2. NORTH AMERICA MARKET ESTIMATES AND FORECAST BY REGION 2012-2022 ($ BILLION) 18
8.2.3. NORTH AMERICA MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ BILLION) 18
8.2.3.1. U.S. 18
8.2.3.1.1. U.S. MARKET ESTIMATES AND FORECAST 2012-2022 ($ BILLION) 18
8.2.3.1.2. U.S. MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ BILLION) 18
8.2.3.2. CANADA 18
8.2.3.2.1. CANADA MARKET ESTIMATES AND FORECAST 2012-2022 ($ BILLION) 18
8.2.3.2.2. CANADA MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ BILLION) 18
8.3. EUROPE 18
8.3.1. EUROPE MARKET ESTIMATES AND FORECAST 2012-2022 ($ BILLION) 18
8.3.2. EUROPE MARKET ESTIMATES AND FORECAST BY REGION 2012-2022 ($ BILLION) 18
8.3.3. EUROPE MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ BILLION) 18
8.3.3.1. GERMANY 18
8.3.3.1.1. GERMANY MARKET ESTIMATES AND FORECAST 2012-2022 ($ BILLION) 19
8.3.3.1.2. GERMANY MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ BILLION) 19
8.3.3.2. UK 19
8.3.3.2.1. UK MARKET ESTIMATES AND FORECAST 2012-2022 ($ BILLION) 19
8.3.3.2.2. UK MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ BILLION) 19
8.3.3.3. FRANCE 19
8.3.3.3.1. FRANCE MARKET ESTIMATES AND FORECAST 2012-2022 ($ BILLION) 19
8.3.3.3.2. FRANCE MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ BILLION) 19
8.3.3.4. REST OF EUROPE 19
8.3.3.4.1. OTHERS MARKET ESTIMATES AND FORECAST2012-2022($BILLION) 19
8.3.3.4.2. OTHERS MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022($BILLION) 19
8.4. ASIA PACIFIC 19
8.4.1. ASIA PACIFIC MARKET ESTIMATES AND FORECAST 2012-2022 ($ BILLION) 19
8.4.2. ASIA PACIFIC MARKET ESTIMATES AND FORECAST BY REGION 2012-2022 ($ BILLION) 19
8.4.3. ASIA PACIFIC MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ BILLION) 19
8.4.3.1. CHINA 19
8.4.3.1.1. CHINA MARKET ESTIMATES AND FORECAST 2012-2022 ($ BILLION) 20
8.4.3.1.2. CHINA MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ BILLION) 20
8.4.3.2. INDIA 20
8.4.3.2.1. INDIA MARKET ESTIMATES AND FORECAST 2012-2022 ($ BILLION) 20
8.4.3.2.2. INDIA MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ BILLION) 20
8.4.3.3. JAPAN 20
8.4.3.3.1. JAPAN MARKET ESTIMATES AND FORECAST 2012-2022 ($ BILLION) 20
8.4.3.3.2. JAPAN MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($BILLION) 20
8.4.3.4. OTHERS 20
8.4.3.4.1. OTHER MARKET ESTIMATES AND FORECASTS 2012-2022($BILLION) 20
8.4.3.4.2. OTHER MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022($BILLION) 20
8.5. REST OF THE WORLD 20
8.5.1. REST OF THE WORLD MARKET ESTIMATES AND FORECAST 2012-2022 ($ BILLION) 20
8.5.2. REST OF THE WORLD MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ BILLION) 20


CHAP 9. COMPETITIVE LANDSCAPE 21
9.1. ALL-RITE SPRING COMPANY 22
9.1.1. COMPANY OVERVIEW 22
9.1.2. SCOT ANALYSIS 22
9.1.3. PRODUCT BENCHMARKING 22
9.1.4. STRATEGIC INITIATIVES 22
9.2. BRIDON INTERNATIONAL LTD 22
9.2.1. COMPANY OVERVIEW 22
9.2.2. SCOT ANALYSIS 22
9.2.3. PRODUCT BENCHMARKING 22
9.2.4. STRATEGIC INITIATIVES 22
9.3. NATIONAL SPRING 22
9.3.1. COMPANY OVERVIEW 22
9.3.2. SCOT ANALYSIS 22
9.3.3. PRODUCT BENCHMARKING 22
9.3.4. STRATEGIC INITIATIVES 22
9.4. SIDDAL & HILTON PRODUCTS LTD. 22
9.4.1. COMPANY OVERVIEW 22
9.4.2. SCOT ANALYSIS 22
9.4.3. PRODUCT BENCHMARKING 22
9.4.4. STRATEGIC INITIATIVES 22
9.5. WIRE PRODUCTS COMPANY 22
9.5.1. COMPANY OVERVIEW 22
9.5.2. SCOT ANALYSIS 22
9.5.3. PRODUCT BENCHMARKING 22
9.5.4. STRATEGIC INITIATIVES 22
9.6. USHA MARTIN LIMITED 22
9.6.1. COMPANY OVERVIEW 22
9.6.2. SCOT ANALYSIS 22
9.6.3. PRODUCT BENCHMARKING 22
9.6.4. STRATEGIC INITIATIVES 23
9.7. TATA STEEL GLOBAL WIRES INDIA 23
9.7.1. COMPANY OVERVIEW 23
9.7.2. SCOT ANALYSIS 23
9.7.3. PRODUCT BENCHMARKING 23
9.7.4. STRATEGIC INITIATIVES 23
9.8. MYERS SPRING 23
9.8.1. COMPANY OVERVIEW 23
9.8.2. SCOT ANALYSIS 23
9.8.3. PRODUCT BENCHMARKING 23
9.8.4. STRATEGIC INITIATIVES 23
9.9. CE WILLIAMS 23
9.9.1. COMPANY OVERVIEW 23
9.9.2. SCOT ANALYSIS 23
9.9.3. PRODUCT BENCHMARKING 23
9.9.4. STRATEGIC INITIATIVES 23
9.10. FENCE & GATES LIMITED 24
9.10.1. COMPANY OVERVIEW 24
9.10.2. SCOT ANALYSIS 24
9.10.3. PRODUCT BENCHMARKING 24
9.10.4. STRATEGIC INITIATIVES 24
9.11. WESCO INDUSTRIES LTD. 24
9.11.1. COMPANY OVERVIEW 24
9.11.2. SCOT ANALYSIS 24
9.11.3. PRODUCT BENCHMARKING 24
9.11.4. STRATEGIC INITIATIVES 24
9.12. XIAMEN XINSHUNYAN INDUSTRY CO., LTD. 24
9.12.1. COMPANY OVERVIEW 24
9.12.2. SCOT ANALYSIS 24
9.12.3. PRODUCT BENCHMARKING 24
9.12.4. STRATEGIC INITIATIVES 24
9.13. ENGINEERED SPRING PRODUCTS, INC 24
9.13.1. COMPANY OVERVIEW 24
9.13.2. SCOT ANALYSIS 24
9.13.3. PRODUCT BENCHMARKING 24
9.13.4. STRATEGIC INITIATIVES 24
9.14. FINOLEX WIRES 24
9.14.1. COMPANY OVERVIEW 24
9.14.2. SCOT ANALYSIS 24
9.14.3. PRODUCT BENCHMARKING 24
9.14.4. STRATEGIC INITIATIVES 24
9.15. HAVELLS WIRE AND CABLE 24
9.15.1. COMPANY OVERVIEW 24
9.15.2. SCOT ANALYSIS 24
9.15.3. PRODUCT BENCHMARKING 24
9.15.4. STRATEGIC INITIATIVES 25

TABLE 1 GLOBAL WIRE AND SPRING PRODUCTMARKET BY APPLICATION 2012-2022 ($ BILLION) 25
TABLE 2 GLOBAL WIRE AND SPRING PRODUCT MARKET BY AUTOMOTIVES, 2012-2022 ($ BILLION) 25
TABLE 3 GLOBAL WIRE AND SPRING PRODUCT MARKET BY AEROSPACE 2012-2022 ($ BILLION) 25
TABLE 4 GLOBAL WIRE AND SPRING PRODUCT MARKET BY GOVERNMENT2012-2022 ($ BILLION) 25
TABLE 5 GLOBAL WIRE AND SPRING PRODUCT MARKET BY MEDICAL & HEALTHCARE 2012-2022 ($ BILLION) 25
GLOBAL WIRE AND SPRING PRODUCT MARKET BY COMMERCIAL & INDUSTRIAL SECTORS 2012-2022 ($ BILLION) 25
TABLE 6 25
TABLE 7 GLOBAL WIRE AND SPRING PRODUCT MARKETMARKET BY TYPE 2012-2022 ($ BILLION) 25
TABLE 8 GLOBAL WIRE AND SPRING PRODUCT MARKET BY FABRICATED WIRE PRODUCTS 2012-2022 ($ BILLION) 25
TABLE 9 GLOBAL WIRE AND SPRING PRODUCT MARKET BY LIGHT GAUGE 2012-2022 ($ BILLION) 25
TABLE 10 GLOBAL WIRE AND SPRING PRODUCT MARKET BY HEAVY GAUGE SPRINGS 2012-2022 ($ BILLION) 25
TABLE 11 GLOBAL WIRE AND SPRING PRODUCT MARKET BY METAL DERIVATIVES 2012-2022 ($ BILLION) 26
TABLE 12 GLOBAL WIRE AND SPRING PRODUCT MARKET BY ALUMINUM BASED 2012-2022 ($ BILLION) 26
TABLE 13 GLOBAL WIRE AND SPRING PRODUCT MARKET BY BARBED 2012-2022 ($ BILLION) 26
TABLE 14 GLOBAL WIRE AND SPRING PRODUCT MARKET BY COPPER BASED, 2012-2022 ($ BILLION) 26
TABLE 15 GLOBAL WIRE AND SPRING PRODUCT MARKET BY COATED ELECTRODES 2012-2022 ($ BILLION) 26
TABLE 16 GLOBAL WIRE AND SPRING PRODUCT MARKET BY OTHERS 2012-2022 ($ BILLION) 26
TABLE 17 NORTH AMERICA GLOBAL WIRE AND SPRING PRODUCT MARKET ESTIMATES AND FORECAST 2012 – 2022 ($ BILLION) 26
TABLE 18 NORTH AMERICA GLOBAL WIRE AND SPRING PRODUCT MARKET ESTIMATES AND FORECAST BY REGION 2012 – 2022 ($ BILLION) 26
TABLE 19 NORTH AMERICA GLOBAL WIRE AND SPRING PRODUCT MARKET ESTIMATES AND FORECAST BY APPLICATION 2012 – 2022 ($ BILLION) 26
TABLE 20 U.S. GLOBAL WIRE AND SPRING PRODUCT MARKET ESTIMATES AND FORECAST 2012 – 2022 ($ BILLION) 26
TABLE 21 U.S. GLOBAL WIRE AND SPRING PRODUCT MARKET ESTIMATES AND FORECAST BY APPLICATION 2012 – 2022 ($ BILLION) 26
TABLE 22 CANADA GLOBAL WIRE AND SPRING PRODUCT MARKET ESTIMATES AND FORECAST 2012 – 2022 ($ BILLION) 26
TABLE 23 CANADA GLOBAL WIRE AND SPRING PRODUCT MARKET ESTIMATES AND FORECAST BY APPLICATION 2012 –2022 ($ BILLION) 26
TABLE 24 CANADA GLOBAL WIRE AND SPRING PRODUCT MARKET ESTIMATES AND FORECAST BY APPLICATION 2012 – 2022 ($ BILLION) 26
TABLE 25 EUROPE GLOBAL WIRE AND SPRING PRODUCT MARKET ESTIMATES AND FORECAST 2012 – 2022 ($ BILLION) 26
TABLE 26 EUROPE GLOBAL WIRE AND SPRING PRODUCT MARKET ESTIMATES AND FORECAST BY REGION 2012 – 2022 ($ BILLION) 26
TABLE 27 EUROPE GLOBAL WIRE AND SPRING PRODUCT MARKET ESTIMATES AND FORECAST BY APPLICATION 2012 – 2022 ($ BILLION) 26
TABLE 28 GERMANY GLOBAL WIRE AND SPRING PRODUCT MARKET ESTIMATES AND FORECAST 2012 – 2022 ($ BILLION) 27
TABLE 29 GLOBAL WIRE AND SPRING PRODUCT MARKET ESTIMATES AND FORECAST BY APPLICATION 2012 – 2022 ($ BILLION) 27
TABLE 30 UK GLOBAL WIRE AND SPRING PRODUCT MARKET ESTIMATES AND FORECAST 2012 – 2022 ($ BILLION) 27
TABLE 31 UK GLOBAL WIRE AND SPRING PRODUCT MARKET ESTIMATES AND FORECAST BY APPLICATION 2012 – 2022 ($ BILLION) 27
TABLE 32 ASIA PACIFIC GLOBAL WIRE AND SPRING PRODUCT MARKET ESTIMATES AND FORECAST 2012 – 2022 ($ BILLION) 27
TABLE 33 ASIA PACIFIC GLOBAL WIRE AND SPRING PRODUCT MARKET ESTIMATES AND FORECAST BY REGION 2012 – 2022 ($ BILLION) 27
TABLE 34 ASIA PACIFIC GLOBAL WIRE AND SPRING PRODUCT MARKET ESTIMATES AND FORECAST BY APPLICATION 2012 – 2022 ($ BILLION) 27
TABLE 35 CHINA GLOBAL WIRE AND SPRING PRODUCT MARKET ESTIMATES AND FORECAST 2012 – 2022 ($ BILLION) 27
TABLE 36 CHINA GLOBAL WIRE AND SPRING PRODUCT MARKET ESTIMATES AND FORECAST BY APPLICATION 2012 – 2022 ($ BILLION) 27
TABLE 37 INDIA GLOBAL WIRE AND SPRING PRODUCT MARKET ESTIMATES AND FORECAST 2012 – 2022 ($ BILLION) 27
TABLE 38 INDIA GLOBAL WIRE AND SPRING PRODUCT MARKET ESTIMATES AND FORECAST BY APPLICATION 2012 – 2022 ($ BILLION) 27
TABLE 39 JAPAN GLOBAL WIRE AND SPRING PRODUCT MARKET ESTIMATES AND FORECAST, 2012 – 2022 ($ BILLION) 27
TABLE 40 JAPAN GLOBAL WIRE AND SPRING PRODUCT MARKET ESTIMATES AND FORECAST BY APPLICATION 2012 – 2022 ($ BILLION) 27
TABLE 41 MIDDLE EAST & AFRICA GLOBAL WIRE AND SPRING PRODUCT MARKETESTIMATES AND FORECAST 2012 – 2022 ($ BILLION) 27
TABLE 42 MIDDLE EAST & AFRICA GLOBAL WIRE AND SPRING PRODUCT MARKET ESTIMATES AND FORECAST BY APPLICATION 2012 – 2022 ($ BILLION) 27
TABLE 43 CENTRAL & SOUTH AMERICA GLOBAL WIRE AND SPRING PRODUCT MARKET ESTIMATES AND FORECAST 2012 – 2022 ($ BILLION) 27
TABLE 44 CENTRAL & SOUTH AMERICA GLOBAL WIRE AND SPRING PRODUCT MARKET ESTIMATES AND FORECAST BY APPLICATION 2012 – 2022 ($ BILLION) 28

FIGURE 1 MARKET SHARE BY REGIONS 28
FIGURE 2 UNITED STATES MARKET ESTIMATES AND FORECAST 2012-2022 ($ BILLION) 28
FIGURE 3 CANADA MARKET ESTIMATES AND FORECAST 2012-2022 ($ BILLION) 28
FIGURE 4 EUROPE MARKET ESTIMATES AND FORECAST 2012-2022 ($ BILLION) 28
FIGURE 5 GERMANY MARKET ESTIMATES AND FORECAST 2012-2022 ($ BILLION) 28
FIGURE 6 UK MARKET ESTIMATES AND FORECAST 2012-2022 ($ BILLION) 28
FIGURE 7 FRANCE MARKET ESTIMATES AND FORECAST 2012-2022 ($ BILLION) 28
FIGURE 8 APAC MARKET ESTIMATES AND FORECAST 2012-2022 ($ BILLION) 28
FIGURE 9 CHINA MARKET ESTIMATES AND FORECAST 2012-2022 ($ BILLION) 28
FIGURE 10 INDIA MARKET ESTIMATES AND FORECAST 2012-2022 ($ BILLION) 28
FIGURE 11 JAPAN MARKET ESTIMATES AND FORECAST 2012-2022 ($ BILLION) 28
FIGURE 12 MIDDLE EAST & AFRICA MARKET ESTIMATES AND FORECAST 2012-2022 ($ BILLION) 28
FIGURE 13 CENTRAL & SOUTH AMERICA MARKET ESTIMATES AND FORECAST 2012-2022 ($ BILLION) 28

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