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.
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.
According to this study, over the next five years the Oil Tempered Spring Steel Wire market will register a 3.9% CAGR in terms of revenue, the global market size will reach US$ 1650 million by 2024, from US$ 1320 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Oil Tempered Spring Steel Wire business, shared in Chapter 3.
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.
This study considers the Oil Tempered Spring Steel Wire value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
High Fatigue Wire
Medium Fatigue Wire
Other Wire
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Valve Spring
Suspension Spring
Other Spring
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
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
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Oil Tempered Spring Steel Wire consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Oil Tempered Spring Steel Wire market by identifying its various subsegments.
Focuses on the key global Oil Tempered Spring Steel Wire manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Oil Tempered Spring Steel Wire with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Oil Tempered Spring Steel Wire submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Summary:
Get latest Market Research Reports on Oil Tempered Spring Steel Wire . Industry analysis & Market Report on Oil Tempered Spring Steel Wire is a syndicated market report, published as Global Oil Tempered Spring Steel Wire Market Growth 2019-2024. It is complete Research Study and Industry Analysis of Oil Tempered Spring Steel Wire market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.