Global Automotive Oil Tempered Spring Steel Wires Market Growth 2023-2029

Global Automotive Oil Tempered Spring Steel Wires Market Growth 2023-2029

Automotive Oil Tempered Spring Steel Wire is a cold drawn, heat treated wire. The process of tempering increases the strength and hardness of the wire without making the wire more brittle. Tempering makes oil tempered wire perfect for springs and wire forms.

This oil tempered wire have excellent properties as spring material, and is used as various springs for the automobile such as the valve springs of the engine, the clutch springs, the transmission springs, and the suspension springs.

LPI (LP Information)' newest research report, the “Automotive Oil Tempered Spring Steel Wires Industry Forecast” looks at past sales and reviews total world Automotive Oil Tempered Spring Steel Wires sales in 2022, providing a comprehensive analysis by region and market sector of projected Automotive Oil Tempered Spring Steel Wires sales for 2023 through 2029. With Automotive Oil Tempered Spring Steel Wires sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Automotive Oil Tempered Spring Steel Wires industry.

This Insight Report provides a comprehensive analysis of the global Automotive Oil Tempered Spring Steel Wires landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Automotive Oil Tempered Spring Steel Wires portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Automotive Oil Tempered Spring Steel Wires market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Automotive Oil Tempered Spring Steel Wires and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Automotive Oil Tempered Spring Steel Wires.

The global Automotive Oil Tempered Spring Steel Wires market size is projected to grow from US$ 1485.1 million in 2022 to US$ 1906.2 million in 2029; it is expected to grow at a CAGR of 1906.2 from 2023 to 2029.

Global Automotive Oil Tempered Spring Steel Wires main players are Suzuki Garphyttan, Kiswire, KOBELCO, POSCO, etc. Global top four manufacturers hold a share above 35%. China is the largest market, with a share nearly 45%.

This report presents a comprehensive overview, market shares, and growth opportunities of Automotive Oil Tempered Spring Steel Wires market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
High Fatigue Wire
Medium Fatigue Wire

Segmentation by application
Valve Spring
Suspension Spring
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Suzuki Garphyttan
Kiswire
KOBELCO
POSCO
NETUREN
BAOSTEEL
Shanghai NETUREN
Zhengzhou Sinosteel
Bekaert
Haina Special Steel
Sugita
Sumitomo (SEI)
Jiangsu Shenwang
Jiangsu Jinji
American Spring Wire
Tianjin Kay Jill
Suncall
Hunan Shuangwei
Tianjin Dihua
PENGG AUSTRIA
Nanjing Soochow
Shinko Wire
Shougang Special Steel

Key Questions Addressed in this Report

What is the 10-year outlook for the global Automotive Oil Tempered Spring Steel Wires market?

What factors are driving Automotive Oil Tempered Spring Steel Wires market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Automotive Oil Tempered Spring Steel Wires market opportunities vary by end market size?

How does Automotive Oil Tempered Spring Steel Wires break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.