Report overview
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.
This report aims to provide a comprehensive presentation of the global market for Oil Tempered Spring Steel Wire, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Oil Tempered Spring Steel Wire. This report contains market size and forecasts of Oil Tempered Spring Steel Wire in global, including the following market information:
Global Oil Tempered Spring Steel Wire Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Oil Tempered Spring Steel Wire Market Sales, 2018-2023, 2024-2029, (K MT)
Global top five Oil Tempered Spring Steel Wire companies in 2022 (%)
The global Oil Tempered Spring Steel Wire market was valued at US$ 1563 million in 2022 and is projected to reach US$ 1968.4 million by 2029, at a CAGR of 3.3% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The main market for oil tempered spring steel wire is China, accounting for about 45%, followed by Japan, more than 20%.
Major manufacturers include Suzuki Garphyttan, Kiswire, Kobelco, Posco, Neturen, Baosteel, etc. The top 5 companies account for about 40% of the market share.
We surveyed the Oil Tempered Spring Steel Wire manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Oil Tempered Spring Steel Wire Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K MT)
Global Oil Tempered Spring Steel Wire Market Segment Percentages, by Type, 2022 (%)
High Fatigue Wire
Medium Fatigue Wire
Other Wire
Global Oil Tempered Spring Steel Wire Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K MT)
Global Oil Tempered Spring Steel Wire Market Segment Percentages, by Application, 2022 (%)
Valve Spring
Suspension Spring
Other Spring
Global Oil Tempered Spring Steel Wire Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K MT)
Global Oil Tempered Spring Steel Wire Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Oil Tempered Spring Steel Wire revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Oil Tempered Spring Steel Wire revenues share in global market, 2022 (%)
Key companies Oil Tempered Spring Steel Wire sales in global market, 2018-2023 (Estimated), (K MT)
Key companies Oil Tempered Spring Steel Wire sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
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
Outline of Major Chapters:
Chapter 1: Introduces the definition of Oil Tempered Spring Steel Wire, market overview.
Chapter 2: Global Oil Tempered Spring Steel Wire market size in revenue and volume.
Chapter 3: Detailed analysis of Oil Tempered Spring Steel Wire manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Oil Tempered Spring Steel Wire in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Oil Tempered Spring Steel Wire capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
