Market Overview:
The global automotive oil tempered spring wire market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X%. The market growth can be attributed to the increasing demand for automobiles across the globe. The global automotive oil tempered spring wire market has been segmented on the basis of type, application and region. On the basis of type, the market has been segmented into rough and mid-fine. The rough segment is expected to account for a major share of the global automotive oil tempered spring wire market during the forecast period owing to its low cost as compared to other types of wires. On the basis of application, suspension springs are expected to account for a major share of the global automotive oil tempered spring wire market duringthe forecast period owingto their widespread use in automobiles across all regions. Other applications include valve springs and torsion bars among others.
Product Definition:
An automotive oil tempered spring wire is a type of spring wire that has been treated with oil to make it stronger and more resistant to wear and tear. It is commonly used in the manufacturing of car suspension springs, where its strength and durability are important factors.
Rough:
Rough, also known as green or uncut steel, is a form of carbon-rich metal alloy. It consists of iron and other metals such as nickel, chromium, molybdenum and silicon. The product has applications in the automotive industry for manufacturing oil tempered spring wire owing to its high tensile strength and toughness properties.
Mid-fine:
The Mid-fine is a type of oil tempered spring wire that has an average diameter between 0.8mm and 1.2mm, it is used in the suspension and steering systems of vehicles to reduce the vibrations or shocks on critical electronic components such as speed sensors, catalytic converters, engine sensors and other electrical components due to road bumps or obstacles.
Application Insights:
Suspension spring application segment accounted for the largest share in 2016 and is projected to witness significant growth over the forecast period. This can be attributed to growing demand for vehicles with improved handling and ride quality. Also, rising number of sports car manufacturers such as Ford, Mercedes-Benz, Porsche are expected to drive the segment further.
The valve spring application segment is also anticipated to grow at a lucrative rate owing to increasing demand from various industries including energy storage and wind turbines for long life cycle applications. In addition, these products are used in hydraulic systems which include valves & actuators that open & close doors on automobiles among other uses such as industrial machinery actuation drives. These factors are likely drive product consumption over the forecast period thus driving industry growth during this time span.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing increasing demand for passenger cars, which are manufactured using advanced technologies. This trend is projected to positively influence the automotive oil tempered spring wire market growth in Asia Pacific over the forecast period.
The growing production of vehicles by companies such as SAIC, Geely Automobile Holdings Ltd., and Dongfeng Motor Corporation in China is also anticipated to drive product demand across this region during the forecast period. In addition, rising disposable income levels among consumers are likely to contribute towards increased sales of passenger cars in emerging economies such as India and Thailand, thereby driving industry expansionary trends across APAC during same time frame.
Europe was estimated at USD X million in 2017 owing to high consumption from Germany (vehicle production: 1st), France (2nd), Italy (3rd) UK (4th) Spain (5th).
Growth Factors:
- Increasing demand for automobiles due to rising population and income levels in developing countries
- Stringent emission norms by regulatory authorities across the globe
- Increasing demand for fuel-efficient vehicles
- Development of advanced technologies such as electric vehicles and hybrid vehicles
- Growing popularity of coil springs over leaf springs in automotive applications
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Oil Tempered Spring Wire Market Research Report
By Type
Rough, Mid-fine
By Application
Suspension Spring, Valve Spring, Other
By Companies
Kiswire, Nippon Steel SG Wire, KOBELCO, Neturen, POSCO, Bekaert, Joh. Pengg AG, Baowu, Sumitomo (SEI), Sugita Wire, Kiswire, Zhengzhou Sinosteel, Suncall, Hunan Shuangwei
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
153
Number of Tables & Figures
108
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Oil Tempered Spring Wire Market Report Segments:
The global Automotive Oil Tempered Spring Wire market is segmented on the basis of:
Types
Rough, Mid-fine
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
Suspension Spring, Valve Spring, Other
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:
- Kiswire
- Nippon Steel SG Wire
- KOBELCO
- Neturen
- POSCO
- Bekaert
- Joh. Pengg AG
- Baowu
- Sumitomo (SEI)
- Sugita Wire
- Kiswire
- Zhengzhou Sinosteel
- Suncall
- Hunan Shuangwei
Highlights of The Automotive Oil Tempered Spring 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:
- Rough
- Mid-fine
- By Application:
- Suspension Spring
- Valve Spring
- Other
- 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 Automotive Oil Tempered Spring 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?
Automotive oil tempered spring wire is a type of wire used in automotive applications. It is made from a combination of steel and nickel, which gives it the ability to resist corrosion and wear. Automotive oil tempered spring wire is also heat-treated to make it stronger.
Some of the key players operating in the automotive oil tempered spring wire market are Kiswire, Nippon Steel SG Wire, KOBELCO, Neturen, POSCO, Bekaert, Joh. Pengg AG, Baowu, Sumitomo (SEI), Sugita Wire, Kiswire, Zhengzhou Sinosteel, Suncall, Hunan Shuangwei.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Oil Tempered Spring 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 Automotive Oil Tempered Spring Wire Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automotive Oil Tempered Spring 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 Automotive Oil Tempered Spring 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 Automotive Oil Tempered Spring Wire Market Size & Forecast, 2018-2028
4.5.1 Automotive Oil Tempered Spring Wire Market Size and Y-o-Y Growth
4.5.2 Automotive Oil Tempered Spring Wire Market Absolute $ Opportunity
Chapter 5 Global Automotive Oil Tempered Spring 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 Automotive Oil Tempered Spring Wire Market Size Forecast by Type
5.2.1 Rough
5.2.2 Mid-fine
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Automotive Oil Tempered Spring 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 Automotive Oil Tempered Spring Wire Market Size Forecast by Applications
6.2.1 Suspension Spring
6.2.2 Valve Spring
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive Oil Tempered Spring 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 Automotive Oil Tempered Spring 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 Automotive Oil Tempered Spring Wire Analysis and Forecast
9.1 Introduction
9.2 North America Automotive Oil Tempered Spring 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 Automotive Oil Tempered Spring Wire Market Size Forecast by Type
9.6.1 Rough
9.6.2 Mid-fine
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 Automotive Oil Tempered Spring Wire Market Size Forecast by Applications
9.10.1 Suspension Spring
9.10.2 Valve Spring
9.10.3 Other
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 Automotive Oil Tempered Spring Wire Analysis and Forecast
10.1 Introduction
10.2 Europe Automotive Oil Tempered Spring 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 Automotive Oil Tempered Spring Wire Market Size Forecast by Type
10.6.1 Rough
10.6.2 Mid-fine
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 Automotive Oil Tempered Spring Wire Market Size Forecast by Applications
10.10.1 Suspension Spring
10.10.2 Valve Spring
10.10.3 Other
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 Automotive Oil Tempered Spring Wire Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Automotive Oil Tempered Spring 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 Automotive Oil Tempered Spring Wire Market Size Forecast by Type
11.6.1 Rough
11.6.2 Mid-fine
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 Automotive Oil Tempered Spring Wire Market Size Forecast by Applications
11.10.1 Suspension Spring
11.10.2 Valve Spring
11.10.3 Other
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 Automotive Oil Tempered Spring Wire Analysis and Forecast
12.1 Introduction
12.2 Latin America Automotive Oil Tempered Spring 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 Automotive Oil Tempered Spring Wire Market Size Forecast by Type
12.6.1 Rough
12.6.2 Mid-fine
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 Automotive Oil Tempered Spring Wire Market Size Forecast by Applications
12.10.1 Suspension Spring
12.10.2 Valve Spring
12.10.3 Other
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) Automotive Oil Tempered Spring Wire Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Automotive Oil Tempered Spring 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) Automotive Oil Tempered Spring Wire Market Size Forecast by Type
13.6.1 Rough
13.6.2 Mid-fine
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) Automotive Oil Tempered Spring Wire Market Size Forecast by Applications
13.10.1 Suspension Spring
13.10.2 Valve Spring
13.10.3 Other
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 Automotive Oil Tempered Spring Wire Market: Competitive Dashboard
14.2 Global Automotive Oil Tempered Spring Wire Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Kiswire
14.3.2 Nippon Steel SG Wire
14.3.3 KOBELCO
14.3.4 Neturen
14.3.5 POSCO
14.3.6 Bekaert
14.3.7 Joh. Pengg AG
14.3.8 Baowu
14.3.9 Sumitomo (SEI)
14.3.10 Sugita Wire
14.3.11 Kiswire
14.3.12 Zhengzhou Sinosteel
14.3.13 Suncall
14.3.14 Hunan Shuangwei
