Global Oil Tempered Spring Steel Wire Market Growth 2023-2029

Global Oil Tempered Spring Steel Wire Market Growth 2023-2029

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 “Oil Tempered Spring Steel Wire Industry Forecast” looks at past sales and reviews total world Oil Tempered Spring Steel Wire sales in 2022, providing a comprehensive analysis by region and market sector of projected Oil Tempered Spring Steel Wire sales for 2023 through 2029. With Oil Tempered Spring Steel Wire sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Oil Tempered Spring Steel Wire industry.
This Insight Report provides a comprehensive analysis of the global Oil Tempered Spring Steel Wire 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 Oil Tempered Spring Steel Wire portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Oil Tempered Spring Steel Wire market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Oil Tempered Spring Steel Wire 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 Oil Tempered Spring Steel Wire.
The global Oil Tempered Spring Steel Wire market size is projected to grow from US$ 1486 million in 2022 to US$ 1907.3 million in 2029; it is expected to grow at a CAGR of 1907.3 from 2023 to 2029.
The main market for oil tempered spring steel wire is China, accounting for about 45%, followed by Japan, more than 20%.
Major manufacturers include Suzuki Garphyttan, Kiswire, Kobelco, Posco, Neturen, Baosteel, etc. The top 5 companies account for about 40% of the market share.
This report presents a comprehensive overview, market shares, and growth opportunities of Oil Tempered Spring Steel Wire market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
High Fatigue Wire
Medium Fatigue Wire
Other Wire
Segmentation by application
Valve Spring
Suspension Spring
Other Spring
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 Oil Tempered Spring Steel Wire market?
What factors are driving Oil Tempered Spring Steel Wire market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Oil Tempered Spring Steel Wire market opportunities vary by end market size?
How does Oil Tempered Spring Steel Wire 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.