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Springs in the US Procurement Price, Data and Insights
Springs have limited use on their own and are typically incorporated as a component of other products, such as car suspension, manufacturing machinery, mattresses, garage doors, and clocks. Types of springs include leaf springs, spiral springs, wire-form springs, and helical springs, also known as coil springs. Key buyers are typically in the manufacturing industry, such as automobiles, mattresses, tools and hardware, and mining machinery.
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What’s included in this market coverage
IBISWorld's research coverage on the Springs procurement and pricing environment in the United States includes market dynamics, buyer power scores, supply chain vendors with pricing trends and forecasts.
About this Market
What’s this procurement report about?
This procurement coverage of the Springs market in the United States includes Compression Springs, Extension Springs, Torsion Springs and Leaf Springs. Standard coding in this coverage includes HS-7320-Springs And Leaves For Springs, Of Iron Or Steel, ISIC-2599-Manufacture of other fabricated metal products n.e.c., NACE-25.93-Manufacture Of Wire Products, Chain And Springs, NAICS-332613-Spring Manufacturing and UNSPSC-31161900-Springs.
What common market terminology is included?
Common market terminology included in the Springs procurement coverage includes Galvanization (The process of applying a protective zinc coating on steel or iron to prevent rusting.), Metal Grade (Various classifications of steels based on their composition and physical properties. SAE International is the most common forum for steel classification.), Stock (Generic) Springs (Predesigned springs that cater to general use and have a wide range of applications.), Hydraulic Machinery (A type of machinery in which hydraulic fluid is transmitted throughout the machine to various hydraulic motors and hydraulic cylinders, which then become pressurized according to the resistance present.), Antidumping (A policy enforced by the US International Trade Commission to fight foreign producers selling products in the United States at prices below the domestic price or cost of production.), Helical Spring (Also known as coil springs, this type of spring is shaped as a coil or a helix of wire. These springs are not specific to any industry or products, and are generally used in many different products.), Leaf Spring (Also known as a semi-elliptical spring, this type of spring is flat. These springs are mostly used in the suspension of wheeled vehicles.), Spiral Spring (Also known as a hairspring or a balance spring, this type of spring is shaped like a flat, rotating disk around a central point. These springs are mostly used in mechanical timepieces.) and Wire-Form Spring (A type of spring that is formed straight from the wire into miscellaneous shapes but still serves a spring function.).
What companies are included as top suppliers?
The top companies covered in the Springs procurement report as suppliers are Gibbs Wire & Steel Co. Inc., Gemco Manufacturing Co. Inc., Bhi Bazz Houston International, Barber Manufacturing Company Incorporated and Automatic Spring Products Corporation.
Opportunity Assessment
What’s included in the Opportunity Assessment chapter?
The Opportunity Assessment chapter provides a comprehensive market analysis of the Springs market in the United States category, including buyer power scoring, market pricing trends, vendor landscape, cost structure, and strategic negotiation levers.
The market pricing trends include the Market Price (2025) per unit, a five year price forecast and a supply chain risk score. Vendor coverage includes a market share and cost structure breakdown.
Analysis includes a comprehensive SWOT analysis of and recent developments impacting the Springs market environment.
Buyer Power Score
What’s included in the Buyer Power Score chapter?
The Buyer Power Score chapter assesses key components impacting Springs procurement including the recent price trend, forecast price trend, availability of substitutes, switching costs, product specialization, average vendor risk, market share concentration, supply chain risk, price driver volatility and recent price volatility.
These components generate a Buyer Power Score that ranges from -5 (strongly favoring sellers) to +5 (strongly favoring buyers) plus a recommended strategy for procurement specialists.
Price Environment
What’s included in the Price Environment chapter?
The Price Environment chapter covers detailed pricing analysis and datasets on Springs market environment. This includes insights into market pricing Market Price (2025), price forecasts, volatility, specialization, substitutes and switching costs.
Datasets in the Price Environment chapter include vendor cost structure, breakdowns of wage rates by geography and specialty, key external economic and labor drivers impacting the market and market pricing models.
Supply Chain & Vendors
What’s included in the Supply Chain & Vendors chapter?
The Supply Chain & Vendors chapter covers the concentration, risk and diversity of the Springs market. This includes datasets on the market’s top suppliers, detailed analysis on the key sourcing risks and supply chain dynamics, with environmental, social and governance (ESG) considerations and scores.
Business Requirements
What’s included in the Business Requirements chapter?
The Business Requirements chapter covers vendor relationships, qualifications, service level agreements and key performance indicators. These inputs provide insight into the planning process through the buying lead time, vendor relationship and vendor qualifications. The sourcing process include key RFP elements like an organizational overview, project budget, selection criteria, project schedule, proposal format, inventory control, cost containment, regulation, quality control, distribution and key contract clauses.
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Frequently Asked Questions
What is the current market price for Springs?
The 2026 benchmark market price for Springs is $8 per unit. Prices have declined at a CAGR of -1.87 from 2022-25.
Who are the top vendors in the Springs market?
The top vendors in the Springs market include Gibbs Wire & Steel Co. Inc., Gemco Manufacturing Co. Inc., Bhi Bazz Houston International, Barber Manufacturing Company Incorporated and Automatic Spring Products Corporation.
What industries supply the Springs market?
The top industries supplying the Springs market are Computer Manufacturing in the US, Semiconductor & Circuit Manufacturing in the US, Iron & Steel Manufacturing in the US, Copper, Nickel, Lead & Zinc Mining in the US, Metal Stamping & Forging in the US, Nonferrous Metal Rolling & Alloying in the US, Steel Rolling & Drawing in the US and Metalworking Machinery Manufacturing in the US.
What is the supply chain risk for Springs?
Increasing vendor agility and digital innovation support resilient sourcing in a volatile market. US spring manufacturers are rapidly integrating automation, smart materials, and digital supply chain platforms, enabling faster adaptation to supply disruptions, labor shortages, and custom specification demands. Buyers can leverage these advancements by prioritizing suppliers with proven digital infrastructure and innovation capabilities, reducing risk and securing continuity in high-demand or specialized spring supply situations.
What factors affect the price of Springs?
The application and intended use of springs significantly affect their pricing, as different industries require specific types that meet distinct performance criteria. For example, automotive leaf springs must endure high stress and fatigue, leading to higher production costs and prices compared to standard wire-form springs used in less demanding applications.
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