Well wired: Revenue will pick up as demand grows, but imports will loom large

IBISWorld’s Wire & Spring Manufacturing market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.


Industry Threats & Opportunities

  • External competition will increase, but downstream markets will bolster demand
  • In response to rising imports, some domestic manufacturers have sought trade restrictions
  • Competitive pressures from abroad will present an obstacle to the industy’s long-term growth

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    Industry Analysis & Industry Trends

    The five years to 2017 have been mixed for the Wire & Spring Manufacturing industry. Rising activity in industrial and construction industries has boosted demand, but pressure from imports and rising input prices have constrained revenue. Over the next five years, demand for wire and spring products will moderately grow as the economy continues to improve. The industry will continue to face significant competition from low-cost imports, but revenue growth will remain stable...

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    Industry Report - Industry Investment Chapter

    The Wire and Spring Manufacturing industry has a low to moderate level of capital intensity. On average, operators spend $0.11 on machinery, equipment and other capital expenses for every dollar spent on wages. The nature of production requires investment in a large amount of machinery and equipment, although some metalworking processes, such as precision spring or chain link fence manufacturing, require a high degree of manual labor. Although the initial cost of production may be high, the machinery and equipment itself has a long useful life relative to machinery used for other heavy manufacturing industries. Fur..

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    Additional Insights for the Wire & Spring Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Wire & Spring Manufacturing Industry are

  • Upstream vertical integration (ownership links)
  • Effective cost control and economies of scale
  • Easy access for clients
  • IBISWorld analysts also discuss how external factors such as Industrial production index and Value of construction in the Wire & Spring Manufacturing industry impact industry performance..

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    Industry Products

    What is the Wire & Spring Manufacturing Industry?

    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.

    Industry Products
    Other fabricated wire products
    Light gauge springs
    Steel wire rope and cable
    Nonferrous wire products
    Steel nails, staples and similar products
    Wire mesh and other woven wire products
    Heavy gauge springs
    Industry Activities
    Manufacturing light gauge springs made from purchased wire
    Manufacturing heavy gauge springs from purchased rods
    Manufacturing wire rope and mesh
    Manufacturing chain link fences from purchased wire
    Manufacturing other fabricated wire products

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Industrial production index
  • Value of construction
  • World price of steel
  • Trade-weighted index

  • Current Performance
  • Key markets
  • Import penetration and trade assistance
  • Industry dynamics
  • Chart: Revenue Growth

  • Industry Outlook
  • Demand from downstream markets
  • Competitive pressures
  • International trade
  • Table: Wire & Spring Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Wire & Spring Manufacturing Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Bridge & Elevated Highway Construction
  • Concrete Contractors
  • Car & Automobile Manufacturing
  • Truck & Bus Manufacturing
  • Household Furniture Manufacturing
  • Mattress Manufacturing
  • Farm, Lawn & Garden Equipment Wholesaling
  • Home Improvement Stores
  • Department Stores

  • Key Selling Industries
  • Iron & Steel Manufacturing
  • Metal Stamping & Forging
  • Steel Rolling & Drawing

  • Products & Services
  • Light gauge springs
  • Nonferrous wire products
  • Other fabricated wire products
  • Heavy gauge springs
  • Steel wire rope and cable
  • Wire mesh and other woven wire products
  • Steel nails, staples and similar products
  • Chart: Wire & Spring Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
  • Construction
  • Agriculture
  • Other

  • Major Markets
  • Construction
  • Transportation equipment manufacturing
  • Exports
  • General manufacturing
  • Other
  • Upholstered furniture and mattress manufacturing
  • Chart: Major Market Segmentation for the Wire & Spring Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profitability
  • Purchases
  • Labor costs
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Wire & Spring Manufacturing

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Wire & Spring Manufacturing Industry

  • Industry Globalization
    Major Companies
    Leggett & Platt Inc.
  • Table: Leggett & Platt Inc. - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Wire & Spring Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Wire & Spring Manufacturing Industry
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • World price of steel (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Jargon & Glossary
    Flat Spring
  • A simple type of spring made of a small, flat piece of metal. Flat springs are used in automotive applications, such as suspension systems. Flat springs are also called beam springs and leaf springs.
  • Helical Spring
  • A type of spring formed by winding strips of metal around a cylinder.
  • Leaf Spring
  • A type of spring made out of a flat strip or individual leaves. Most are steel, but some are made of lightweight composite materials.
  • Original Equipment Manufacturer (Oem)
  • A company that manufactures products or components that are purchased by a company and retailed under the purchasing company's brand name.
  • Torsion Bar
  • A part of an automotive suspension consisting of a bar that twists to maintain stability.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Wire & Spring Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Wire & Spring Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Wire & Spring Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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