Wire & Spring Manufacturing in the US - Industry Market Research Report
Wire & Spring Manufacturing in the US
Wire and spring manufacturers produce various fabricated metal products, including heavy- and light-gauge springs, wire rope, wire mesh and chain link fencing. Springs and wires are integral for manufacturing and building various goods and structures, including general construction work, automobiles, furniture, toys, electronics and other consumer products that contain wire and spring components. Since the industry relies on the overall production output of the economy, any fluctuation in the unemployment rate or consumer spending significantly impacts performance. Revenue plummeted amid the pandemic as the unemployment rate skyrocketed and consumer spending dipped. Also, nonessential business closures hampered the industry's ability to generate revenue through downstream markets since the industry provides an intermediary good. The industry has contracted at an expected CAGR of 2.0% to $10.9 billion through 2023, while profit recovered to 6.5%.
Operators in the Wire and Spring Manufacturing industry manufacture heavy- and light-gauge springs using steel and drawn wire. Operators may also manufacture other wire-based products, such as wire rope, wire mesh and chain link fencing.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market
TABLE OF CONTENTS
ABOUT THIS INDUSTRY
Industry Definition Main Activities Similar Industries Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary Key External Drivers Current Performance Industry Outlook Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain Products & Services Demand Determinants Major Markets International Trade Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration Key Success Factors Cost Structure Benchmarks Basis of Competition Barriers to Entry Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity Technology & Systems Revenue Volatility Regulation & Policy Industry Assistance