Market Overview:
The global van oil tempered spring steel wire market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for vans in commercial applications, rising automotive production, and growing demand for lightweight vehicles. In terms of type, the valve spring segment is expected to hold the largest share of the global van oil tempered spring steel wire market during the forecast period. This can be attributed to increased adoption of valve springs in gasoline-powered vehicles owing to their ability to withstand high temperatures and pressures without failure.
Product Definition:
Van oil tempered spring steel wire is a type of hardened steel that has been treated with vanadium. This treatment increases the wire's strength and resistance to wear, making it ideal for use in springs and other applications where durability is important.
Valve Spring:
Valve spring is a kind of elastic material, which is wound around a metal or wooden core. It has various applications in the automotive industry and finds its major application in the valve train of an internal combustion engine. The other important application areas include airbags, seat belts, fuel cells and shock absorbers among others.
Suspension Spring:
A suspension spring is a device consisting of a coil of wire and elastic material, which is wound around the core. The ends of the spring are attached to two or more objects so that it can return to its original position after being compressed. It’s used in various applications such as beds, chairs, cars, trucks and even vending machines for their operation.
Application Insights:
The application segment includes 3-8 MT, more than 8 MT and less than 3MT. In 2017, the 3-8MT segment dominated the global van oil tempered spring steel wire market with a revenue share of over 60%. The increasing demand for heavy vehicles in developing countries such as China and India is expected to drive the growth of this segment. In addition, factors such as low cost land accessibility in emerging economies will further propel product demand.
Van oil tempered spring steel wires find applications in various industries including automotive, construction and mining among others which include suspension bridges etc.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a share of more than 60% in terms of volume owing to high demand from automotive, industrial machinery, construction and other industries. China is one of the largest producers as well as consumers of vanadium steel wire products globally. It imports most of its requirements from domestic manufacturers at low prices which has resulted in high production volumes for this commodity across China.
Europe was another major consumer across 2017 with Germany being a significant contributor to overall consumption trends within Europe.
Growth Factors:
- Increasing demand for automobiles due to rising population and income levels in developing countries is expected to drive the growth of the Van Oil Tempered Spring Steel Wire market.
- The increasing use of Van Oil Tempered Spring Steel Wire in safety-critical applications is also anticipated to propel the market growth during the forecast period.
- Growing demand for lightweight vehicles is another key factor that would fuel the demand for Van Oil Tempered Spring Steel Wire over the next few years.
- Rising penetration of electric vehicles is also projected to create lucrative opportunities for players operating in this market during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Van Oil Tempered Spring Steel Wire Market Research Report
By Type
Valve Spring, Suspension Spring, Other
By Application
3-8 MT, More than 8 MT, Less than 3 MT
By Companies
Suzuki Garphyttan, Kobe Steel, NETUREN, Bekaert, Sumitomo(SEI), Roeslau, Sugita, Suncall, American Spring Wire, PENGG AUSTRIA, Shanghai NETUREN, Zhengzhou Sinosteel, BAOSTEEL, Haina Special Steel, Jiangsu Jinji, Shougang Special Steel, Jiangsu Shenwang, Nippon Steel
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
177
Number of Tables & Figures
124
Customization Available
Yes, the report can be customized as per your need.
Global Van Oil Tempered Spring Steel Wire Market Report Segments:
The global Van Oil Tempered Spring Steel Wire market is segmented on the basis of:
Types
Valve Spring, Suspension Spring, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
3-8 MT, More than 8 MT, Less than 3 MT
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Suzuki Garphyttan
- Kobe Steel
- NETUREN
- Bekaert
- Sumitomo(SEI)
- Roeslau
- Sugita
- Suncall
- American Spring Wire
- PENGG AUSTRIA
- Shanghai NETUREN
- Zhengzhou Sinosteel
- BAOSTEEL
- Haina Special Steel
- Jiangsu Jinji
- Shougang Special Steel
- Jiangsu Shenwang
- Nippon Steel
Highlights of The Van Oil Tempered Spring Steel Wire Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Valve Spring
- Suspension Spring
- Other
- By Application:
- 3-8 MT
- More than 8 MT
- Less than 3 MT
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Van Oil Tempered Spring Steel Wire Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Van oil tempered spring steel wire is a type of wire that has been treated with a Van der Waals' force field. This treatment makes the wire more resistant to wear and tear, making it ideal for use in applications such as springs and gears.
Some of the major players in the van oil tempered spring steel wire market are Suzuki Garphyttan, Kobe Steel, NETUREN, Bekaert, Sumitomo(SEI), Roeslau, Sugita, Suncall, American Spring Wire, PENGG AUSTRIA, Shanghai NETUREN, Zhengzhou Sinosteel, BAOSTEEL, Haina Special Steel, Jiangsu Jinji, Shougang Special Steel, Jiangsu Shenwang, Nippon Steel.
The van oil tempered spring steel wire market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Van Oil Tempered Spring Steel Wire Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Van Oil Tempered Spring Steel Wire Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Van Oil Tempered Spring Steel Wire Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Van Oil Tempered Spring Steel Wire Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Van Oil Tempered Spring Steel Wire Market Size & Forecast, 2018-2028
4.5.1 Van Oil Tempered Spring Steel Wire Market Size and Y-o-Y Growth
4.5.2 Van Oil Tempered Spring Steel Wire Market Absolute $ Opportunity
Chapter 5 Global Van Oil Tempered Spring Steel Wire Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Van Oil Tempered Spring Steel Wire Market Size Forecast by Type
5.2.1 Valve Spring
5.2.2 Suspension Spring
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Van Oil Tempered Spring Steel Wire Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Van Oil Tempered Spring Steel Wire Market Size Forecast by Applications
6.2.1 3-8 MT
6.2.2 More than 8 MT
6.2.3 Less than 3 MT
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Van Oil Tempered Spring Steel Wire Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Van Oil Tempered Spring Steel Wire Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Van Oil Tempered Spring Steel Wire Analysis and Forecast
9.1 Introduction
9.2 North America Van Oil Tempered Spring Steel Wire Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Van Oil Tempered Spring Steel Wire Market Size Forecast by Type
9.6.1 Valve Spring
9.6.2 Suspension Spring
9.6.3 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Van Oil Tempered Spring Steel Wire Market Size Forecast by Applications
9.10.1 3-8 MT
9.10.2 More than 8 MT
9.10.3 Less than 3 MT
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Van Oil Tempered Spring Steel Wire Analysis and Forecast
10.1 Introduction
10.2 Europe Van Oil Tempered Spring Steel Wire Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Van Oil Tempered Spring Steel Wire Market Size Forecast by Type
10.6.1 Valve Spring
10.6.2 Suspension Spring
10.6.3 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Van Oil Tempered Spring Steel Wire Market Size Forecast by Applications
10.10.1 3-8 MT
10.10.2 More than 8 MT
10.10.3 Less than 3 MT
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Van Oil Tempered Spring Steel Wire Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Van Oil Tempered Spring Steel Wire Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Van Oil Tempered Spring Steel Wire Market Size Forecast by Type
11.6.1 Valve Spring
11.6.2 Suspension Spring
11.6.3 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Van Oil Tempered Spring Steel Wire Market Size Forecast by Applications
11.10.1 3-8 MT
11.10.2 More than 8 MT
11.10.3 Less than 3 MT
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Van Oil Tempered Spring Steel Wire Analysis and Forecast
12.1 Introduction
12.2 Latin America Van Oil Tempered Spring Steel Wire Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Van Oil Tempered Spring Steel Wire Market Size Forecast by Type
12.6.1 Valve Spring
12.6.2 Suspension Spring
12.6.3 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Van Oil Tempered Spring Steel Wire Market Size Forecast by Applications
12.10.1 3-8 MT
12.10.2 More than 8 MT
12.10.3 Less than 3 MT
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Van Oil Tempered Spring Steel Wire Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Van Oil Tempered Spring Steel Wire Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Van Oil Tempered Spring Steel Wire Market Size Forecast by Type
13.6.1 Valve Spring
13.6.2 Suspension Spring
13.6.3 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Van Oil Tempered Spring Steel Wire Market Size Forecast by Applications
13.10.1 3-8 MT
13.10.2 More than 8 MT
13.10.3 Less than 3 MT
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Van Oil Tempered Spring Steel Wire Market: Competitive Dashboard
14.2 Global Van Oil Tempered Spring Steel Wire Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Suzuki Garphyttan
14.3.2 Kobe Steel
14.3.3 NETUREN
14.3.4 Bekaert
14.3.5 Sumitomo(SEI)
14.3.6 Roeslau
14.3.7 Sugita
14.3.8 Suncall
14.3.9 American Spring Wire
14.3.10 PENGG AUSTRIA
14.3.11 Shanghai NETUREN
14.3.12 Zhengzhou Sinosteel
14.3.13 BAOSTEEL
14.3.14 Haina Special Steel
14.3.15 Jiangsu Jinji
14.3.16 Shougang Special Steel
14.3.17 Jiangsu Shenwang
14.3.18 Nippon Steel
