Chain, Spring & Wire Product Manufacturing in Germany - Market Research Report (2014-2029)
Frankfurt, Germany
Last Updated: June 2024
WZ C25.93DERevenue
€5.9bn
Past 5-Year Growth
Profit
€XXX.Xm
Employees
24,887
Businesses
240
Wages
€X.Xbn
Chain, Spring & Wire Product Manufacturing in Germany industry analysis
The turnover of manufacturers of wire products, chains and springs developed slightly positively in the past five-year period. The subdued sales growth between 2019 and 2024 is primarily due to the pandemic-related slump in demand for wire products, chains and springs in the automotive and mechanical engineering industries in 2020. In 2021, the industry recorded strong sales growth again, which was due to increased demand from the manufacturing sector and inflation-related price increases. The industry recorded slight sales growth of 0.4% per year on average. The decline in demand from the construction industry since 2022 contributed to a slowdown in sales growth. In order to secure their competitiveness on international markets, German manufacturers with strong sales in particular have driven the expansion of their own production abroad in recent years, while keeping their domestic production constant or even reducing it. < />In the current year, the sector's turnover is expected to fall by 0.7% compared to the previous year, totalling 5.9 billion euros. This development is mainly due to falling demand from the automotive and construction industries. Production volumes are likely to decline this year and thus have a negative impact on sector growth. The current appreciation of the effective exchange rate is also making German products more expensive for non-European sales markets, which is likely to lead to falling export quotas and indicate a deterioration in competitiveness.Between 2024 and 2029, industry sales are expected to develop positively. IBISWorld expects that the industry will be able to assert itself better on the international and German markets once the situation in the customer markets improves. Turnover is expected to grow at an average annual rate of 1.8% and thus amount to 6.4 billion euros in 2029. According to IBISWorld's forecasts, the number of employees in the industry will decline over the next five years due to increasing automation in production. In addition, a number of smaller companies are expected to exit the market over the next five years, which will result in a reduction in the number of companies in this sector.
Trends and Insights
- The industry's products are currently used in many different markets.The automotive industry, for example, requires metal springs. Among other things, they are used for shock absorption.
- The automotive industry is the sector's most important customer market. Springs in particular are sold on this market and are used in almost all areas of vehicles, such as the transmission, chassis, body and engine.
- In the centre region, North Rhine-Westphalia is of particular importance for the industry. This federal state's share of companies manufacturing wire goods, chains and springs even exceeds its share of the population.
- The industry players are in moderate competition with each other. They have a strong tendency to specialise in certain product types, which sets them apart from one another in terms of their sales markets.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has grown at a CAGR of 0.4 % over the past five years, to reach an estimated €5.9bn in 2024.
Trends and Insights
International competitors weigh on the industry
- The wire goods manufacturing industry has performed poorly over the last five years. The industry has only recorded slight sales growth during this period.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Economies of scale increase profit margins
- The industry players will benefit from the fact that some customers are likely to shorten their supply chains and therefore order more frequently from German suppliers again. In addition, the quality requirements for the industry's products are likely to increase, which will also boost demand for German wire products compared to imports from low-wage countries.
Biggest companies in the Chain, Spring & Wire Product Manufacturing in Germany
| Company | Market Share (%)
2024 | Revenue (€m)
2024 |
|---|---|---|
Muhr und Bender KG | 878.0 | |
Westfälische Drahtindustrie GmbH | 280.0 | |
Baustahlgewebe GmbH | 245.0 |
To view the market share and analysis for all 4 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Springs and spring leaves, Fabrics, grids and meshes and Cables and ropes. Springs and spring leaves is the largest segment of the Chain, Spring & Wire Product Manufacturing in Germany.
Trends and Insights
Springs and spring leaves are used in motor vehicles and machines
- Springs and spring leaves made of iron, steel, copper and aluminium are used for mechanical power transmission and are used in engines and shock absorbers, for example. They are therefore mainly used in the automotive and mechanical engineering industries.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Metal & Metal Powder Processing in Germany
- Fastener & Screw Machine Product Manufacturing in Germany
Complementors
- Bearing & Gear Manufacturing in Germany
International industries
- Wire & Spring Manufacturing in the US
- Wire & Spring Manufacturing in Canada
- Spring and Wire Product Manufacturing in Australia
- Chain, Spring & Wire Product Manufacturing in the UK
Table of Contents
About this industry
Industry definition
The companies in this sector produce wire goods, chains and springs made of metal. The industry definition does not include the manufacture of springs for watch movements, the manufacture of cables and wires for power transmission and the manufacture of chains used for power transmission.
What's included in this industry?
Production of strands, ropes and braided bands from metal wireManufacture of insulated and uninsulated metal cables that are not used for power transmissionManufacture of coated or filled wire that is not used for power transmissionProduction of barbed wire and wire for metal fencing and gridsProduction of braids and meshes made of metal such as reinforcing steelProduction of metal nails and pinsProduction of leaf springs, coil springs, torsion bar springs and spring leaves made of metalManufacture of metal chains that are not used for power transmissionCompanies
Muhr und Bender KGWestfälische Drahtindustrie GmbHBaustahlgewebe GmbHPurchase this report to view all 4 major companies in this industry.
Related Terms
CONSTRUCTION STEELCONCRETE STEELSPIRAL SPRINGPLATE SPRINGSCREW SPRINGLITZEIndustry Code
WZ 25.93 - Chain, Spring & Wire Product Manufacturing in Germany
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
The industry's products are currently used in many different markets.The automotive industry, for example, requires metal springs. Among other things, they are used for shock...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
The automotive industry is the sector's most important customer market. Springs in particular are sold on this market and are used in almost all areas of vehicles, such as th...
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2024
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
In the centre region, North Rhine-Westphalia is of particular importance for the industry. This federal state's share of companies manufacturing wire goods, chains and spring...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each region in 2024
- Number and share of revenue each region accounts for in 2024
- Number and share of wages each region accounts for in 2024
- Number and share of employees in each region in 2024
Detailed analysis
- Geographic spread of the industry across Europe, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
The industry players are in moderate competition with each other. They have a strong tendency to specialise in certain product types, which sets them apart from one another i...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Mubea has focussed on its core area of lightweight construction over the past five years. The company holds a leading position in the automotive supplier market for springs.
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of Muhr und Bender KG's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Westfälische Drahtindustrie GmbH's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Baustahlgewebe GmbH's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of revenue, market share and profit margin trend for one additional company
Detailed analysis
- Description and key data for Muhr und Bender KG, and factors influencing its performance in the industry
- Description and key data for Westfälische Drahtindustrie GmbH, and factors influencing its performance in the industry
- Description and key data for Baustahlgewebe GmbH, and factors influencing its performance in the industry
- Description, key data and performance trends for one additional company
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
When more is being built, especially larger residential and office buildings, the demand for corresponding industry products also increases. The number of building permits th...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
The industry's profit margin has fallen over the last five years. The main reason for the decline in the profit margin over the last five years was the strong price pressure ...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in Germany include:
- German Federal Statistics Office (Destatis)
- European Statistics Office (Eurostat)
- United Nations Comtrade
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Chain, Spring & Wire Product Manufacturing industry in Germany in 2024?
The market size of the Chain, Spring & Wire Product Manufacturing industry in Germany is €5.9bn in 2024.
How many businesses are there in the Chain, Spring & Wire Product Manufacturing in Germany industry in 2024?
There are 240 businesses in the Chain, Spring & Wire Product Manufacturing industry in Germany, which has grown at a CAGR of 0.2 % between 2019 and 2024.
Has the Chain, Spring & Wire Product Manufacturing industry in Germany grown or declined over the past 5 years?
The market size of the Chain, Spring & Wire Product Manufacturing industry in Germany has been growing at a CAGR of 0.4 % between 2019 and 2024.
What is the forecast growth of the Chain, Spring & Wire Product Manufacturing industry in Germany over the next 5 years?
Over the next five years, the Chain, Spring & Wire Product Manufacturing industry in Germany is expected to grow.
What are the biggest companies in the Chain, Spring & Wire Product Manufacturing market in Germany?
The biggest companies operating in the Chain, Spring & Wire Product Manufacturing market in Germany are Muhr und Bender KG, Westfälische Drahtindustrie GmbH and Baustahlgewebe GmbH
What does the Chain, Spring & Wire Product Manufacturing in Germany include?
Production of strands, ropes and braided bands from metal wire and Manufacture of insulated and uninsulated metal cables that are not used for power transmission are part of the Chain, Spring & Wire Product Manufacturing industry.
Which companies have the highest market share in the Chain, Spring & Wire Product Manufacturing in Germany?
The company holding the most market share in Germany is Muhr und Bender KG.
How competitive is the Chain, Spring & Wire Product Manufacturing industry in Germany?
The level of competition is high and steady in the Chain, Spring & Wire Product Manufacturing industry in Germany.
