Press release
(2019-2025) Oil Tempered Spring Steel Wire Market Report|CAGR|Market Size|Share|Price|Trend|and Forecast till 2025
The global Oil Tempered Spring Steel Wire market is valued at 1320 million US$ in 2018 is expected to reach 1730 million US$ by the end of 2025, growing at a CAGR of 3.5% during 2019-2025.
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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.
Oil tempered spring steel wire was originally developed in Sweden, and then Japan became the major country in producing it. For now, Japan and some Europe countries are still the leader of the industry.
In recent years, China's oil tempered spring steel wire manufacturing enterprises have developed rapidly, for the demand is growing. There are many domestic companies entering into Wind Turbine Tower manufacturing industry.
Oil tempered spring steel wire development in developed countries has matured, the growth rate is tied to the downstream--automotive and relative industries. And the growth rate is about 5% each year.
This report focuses on Oil Tempered Spring Steel Wire volume and value at global level, regional level and company level. From a global perspective, this report represents overall Oil Tempered Spring Steel Wire market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.
The following manufacturers are covered:
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
Segment by Regions
North America
Europe
China
Japan
Segment by Type
High Fatigue Wire
Medium Fatigue Wire
Other Wire
Segment by Application
Valve Spring
Suspension Spring
Other Spring
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