Market Overview:
The global carbon 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 carbon spring steel wire in automotive, construction, engineering industries, and other applications. North America is expected to lead the global carbon spring steel wire market in terms of revenue during the forecast period. Asia Pacific is projected to be the fastest-growing region in terms of CAGR during the forecast period.
Product Definition:
A carbon spring steel wire is a type of steel that is specifically designed for use in springs. It has a higher carbon content than other types of steel, which gives it the ability to withstand repeated bending without breaking. This makes it ideal for use in springs, which are subjected to repeated flexing.
Grade I:
Grade I is also known as straight run carbon spring steel wire. It has a high yield strength and low elongation when compared to other grades. The yield strength of grade I ranges from 40,000 psi to 70,000 psi; whereas the average range for other grades is 35,000 psi-65,000 psi.
The major factor that differentiates this grade from others is its coil form that gives it an advantage in terms of handling.
Grade II:
Grade II Carbon Steel Wire is also known as carbon steel wire. It is a type of hot-dipped galvanized electrical conductor, having two types of insulation: an outer layer made from polyvinyl chloride or thermoplastic polymer and an inner layer made from high-grade carbon steel.
Application Insights:
Automotive was the largest application segment in 2017 and is projected to witness significant growth over the forecast period. Carbon steel has a long history of use in automotive manufacturing, dating back to before World War II. The material is still used in modern vehicles for structural integrity as well as for aesthetic purposes.
The engineering industries include construction, civil engineering, mining & metallurgy and oil & gas sectors among others. Carbon spring steel wire finds applications across these sectors owing to its excellent mechanical properties and durability required in infrastructure development activities across the globe.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and is expected to continue its dominance over the forecast period. The region accounts for nearly half of global production owing to large scale investments in infrastructure development coupled with rising demand from emerging economies such as China, India, and Japan. In addition, increasing automotive production mainly in China is projected to drive demand further.
North America emerged as the second-largest consumer due to high product utilization across various applications including construction and automotive industries. The U.S.
Growth Factors:
- Increasing demand from the automotive and construction industries
- Growing popularity of carbon spring steel wire in the Asia Pacific region
- Rising use of carbon spring steel wire in electrical equipment and appliances
- Technological advancements that have led to the development of new applications for carbon spring steel wire
- The increasing demand for high-quality, durable products
Scope Of The Report
Report Attributes
Report Details
Report Title
Carbon Spring Steel Wire Market Research Report
By Type
Grade I, Grade II, Grade III
By Application
Automotive, Construction, Engineering Industries, Others
By Companies
Bridon, General Wire Spring, Bansal Wire Industries, Paras Steel Industries, Systematic Industries, Shark Steels, Rajratan Thai Wire, SWR Group, BS Stainless, Taubensee Steel & Wire Company, Dorstener Drahtwerke, Precise Alloys, Knight Precision Wire
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
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Carbon Spring Steel Wire Market Report Segments:
The global Carbon Spring Steel Wire market is segmented on the basis of:
Types
Grade I, Grade II, Grade III
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
Automotive, Construction, Engineering Industries, Others
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:
- Bridon
- General Wire Spring
- Bansal Wire Industries
- Paras Steel Industries
- Systematic Industries
- Shark Steels
- Rajratan Thai Wire
- SWR Group
- BS Stainless
- Taubensee Steel & Wire Company
- Dorstener Drahtwerke
- Precise Alloys
- Knight Precision Wire
Highlights of The Carbon 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:
- Grade I
- Grade II
- Grade III
- By Application:
- Automotive
- Construction
- Engineering Industries
- Others
- 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 Carbon 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Carbon Spring Steel Wire is a type of steel wire that is made from carbon and spring steel. It has a high strength and low weight, making it ideal for use in applications where weight is an important factor.
Some of the major players in the carbon spring steel wire market are Bridon, General Wire Spring, Bansal Wire Industries, Paras Steel Industries, Systematic Industries, Shark Steels, Rajratan Thai Wire, SWR Group, BS Stainless, Taubensee Steel & Wire Company, Dorstener Drahtwerke, Precise Alloys, Knight Precision Wire.
The carbon spring steel wire market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Carbon Spring Steel Wire Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Carbon Spring Steel Wire Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Carbon Spring Steel Wire Market - Supply Chain
4.5. Global Carbon Spring Steel Wire Market Forecast
4.5.1. Carbon Spring Steel Wire Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Carbon Spring Steel Wire Market Size (000 Units) and Y-o-Y Growth
4.5.3. Carbon Spring Steel Wire Market Absolute $ Opportunity
5. Global Carbon Spring Steel Wire Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Carbon Spring Steel Wire Market Size and Volume Forecast by Type
5.3.1. Grade I
5.3.2. Grade II
5.3.3. Grade III
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Carbon Spring Steel Wire Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Carbon Spring Steel Wire Market Size and Volume Forecast by Application
6.3.1. Automotive
6.3.2. Construction
6.3.3. Engineering Industries
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Carbon Spring Steel Wire Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Carbon Spring Steel Wire Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Carbon Spring Steel Wire Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Carbon Spring Steel Wire Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Carbon Spring Steel Wire Demand Share Forecast, 2019-2029
9. North America Carbon Spring Steel Wire Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Carbon Spring Steel Wire Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Carbon Spring Steel Wire Market Size and Volume Forecast by Application
9.4.1. Automotive
9.4.2. Construction
9.4.3. Engineering Industries
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Carbon Spring Steel Wire Market Size and Volume Forecast by Type
9.7.1. Grade I
9.7.2. Grade II
9.7.3. Grade III
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Carbon Spring Steel Wire Demand Share Forecast, 2019-2029
10. Latin America Carbon Spring Steel Wire Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Carbon Spring Steel Wire Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Carbon Spring Steel Wire Market Size and Volume Forecast by Application
10.4.1. Automotive
10.4.2. Construction
10.4.3. Engineering Industries
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Carbon Spring Steel Wire Market Size and Volume Forecast by Type
10.7.1. Grade I
10.7.2. Grade II
10.7.3. Grade III
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Carbon Spring Steel Wire Demand Share Forecast, 2019-2029
11. Europe Carbon Spring Steel Wire Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Carbon Spring Steel Wire Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Carbon Spring Steel Wire Market Size and Volume Forecast by Application
11.4.1. Automotive
11.4.2. Construction
11.4.3. Engineering Industries
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Carbon Spring Steel Wire Market Size and Volume Forecast by Type
11.7.1. Grade I
11.7.2. Grade II
11.7.3. Grade III
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Carbon Spring Steel Wire Demand Share, 2019-2029
12. Asia Pacific Carbon Spring Steel Wire Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Carbon Spring Steel Wire Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Carbon Spring Steel Wire Market Size and Volume Forecast by Application
12.4.1. Automotive
12.4.2. Construction
12.4.3. Engineering Industries
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Carbon Spring Steel Wire Market Size and Volume Forecast by Type
12.7.1. Grade I
12.7.2. Grade II
12.7.3. Grade III
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Carbon Spring Steel Wire Demand Share, 2019-2029
13. Middle East & Africa Carbon Spring Steel Wire Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Carbon Spring Steel Wire Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Carbon Spring Steel Wire Market Size and Volume Forecast by Application
13.4.1. Automotive
13.4.2. Construction
13.4.3. Engineering Industries
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Carbon Spring Steel Wire Market Size and Volume Forecast by Type
13.7.1. Grade I
13.7.2. Grade II
13.7.3. Grade III
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Carbon Spring Steel Wire Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Carbon Spring Steel Wire Market: Market Share Analysis
14.2. Carbon Spring Steel Wire Distributors and Customers
14.3. Carbon Spring Steel Wire Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Bridon
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. General Wire Spring
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Bansal Wire Industries
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Paras Steel Industries
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Systematic Industries
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Shark Steels
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Rajratan Thai Wire
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. SWR Group
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. BS Stainless
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Taubensee Steel & Wire Company
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Dorstener Drahtwerke
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Precise Alloys
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Knight Precision Wire
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
