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Wire & Spring Manufacturing in the US - Industry Market Research Report

Wire & Spring Manufacturing in the US - Industry Market Research Report

  • February 2018
  • 42 pages
  • ID: 198418

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Spring into action: Rising industry demand will mitigate intense import competition

Abstract

Wire & Spring Manufacturing in the US
Operators in the Wire and Spring Manufacturing industry produce a wide range of fabricated metal products, including heavy and light gauge springs, wire rope, wire mesh and chain link fencing. Over the five years to 2018, intense competition from low-cost imports from countries such as China and Mexico has increasingly constrained industry performance. Furthermore, as the price of steel, the industry’s key input, dropped over the past five years, operators were forced to slash their selling prices on produced goods, placing downward pressure on revenue. Over the five years to 2023, industry revenue is expected to rebound slightly as rising manufacturing and heavy industrial output drive up demand for spring components and other industry products. Additionally, an anticipated decrease in the trade-weighted index will lead to a slight increase in exports, boosting industry revenue.

Operators in this industry manufacture heavy gauge and light gauge springs using steel and drawn wire, in addition to manufacturing 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 shares.

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