Market Overview:
The global clutch spring wires 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% during the forecast period. The market growth can be attributed to the increasing demand for passenger cars and light commercial vehicles across the globe. Additionally, rising awareness about safety features in vehicles is also expected to boost the demand for clutch spring wires over the forecast period. On basis of type, stainless steel segment is anticipated to account for a major share of global clutch spring wires market in 2018. This can be attributed to its properties such as corrosion resistance and durability which make it suitable for use in automotive applications.
Product Definition:
Clutch Spring Wires are the metal wires that attach the clutch spring to the clutch pedal. They are important because they keep the tension on the clutch spring, which helps keep the clutch engaged.
Stainless Steel:
Stainless steel is a type of alloy which consists of iron, chromium, nickel and other metals. It has high resistance to corrosion and high strength. The product is widely used in aircrafts, automobiles & motorcycles industries as it can withstand extreme temperatures. It also helps in reducing the overall weight of the vehicle owing to its lightweight property.
The global stainless steel wires market size was valued at USD 537 million in 2015.
Alloy Steel:
Alloy steel is a material made from combining two metals, usually iron and nickel. The resulting alloy has properties that are better than either metal on its own. It’s stronger than steel but can be bent easily like mild steel. It also has less weight than cast iron but is still strong enough to be used in heavy-duty applications like automotive clutch springs.
The global market for alloy steel.
Application Insights:
Passenger car application dominated the global market in terms of revenue share in 2017. The segment is expected to witness significant growth over the forecast period owing to increasing demand for passenger cars from developing countries such as China, India and Brazil. In addition, stringent regulations regarding airbags and safety devices across various regions are further anticipated to propel industry growth over the coming years.
The light commercial vehicle (LCV) segment is also projected to grow at a considerable rate during the forecast period due largely to rising disposable income among consumers in developing countries such as India and China. LCVs are widely used for transporting goods within cities which contributes significantly towards overall industry growth on a regional level.
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 strong economic growth on account of increasing foreign investments coupled with rising industrial output. China, India, Japan, South Korea and Taiwan are some of the prominent markets in this region.
The growing automotive industry across Asia Pacific is likely to boost product demand over the coming years. Furthermore, rapid urbanization and changing consumer preferences towards fuel-efficient vehicles are anticipated to drive regional growth during the forecast period.
Europe accounted for a significant share owing to stringent emission norms prescribed by environmental agencies such as European Environment Agency (EEA) and United States Environmental Protection Agency (EPA). As a result of these norms manufacturers have been compelled to develop advanced technologies that meet high fuel efficiency standards while maintaining low emissions levels within prescribed limits set by regulatory bodies such as EEA and EPA’s Clean Air Act amendments in U.S.
Growth Factors:
- Increasing demand for electric vehicles: The global market for electric vehicles is expected to grow at a CAGR of more than 20% during the forecast period. This will lead to an increase in the demand for clutch spring wires, as they are used in these vehicles.
- Growing automotive industry: The global automotive industry is projected to grow at a CAGR of more than 4% during the forecast period. This will lead to an increase in the demand for clutch spring wires, as they are used in automobiles.
- Rising disposable income: The rise in disposable income across developing countries is leading to an increase in the demand for luxury cars and thus, increasing the need for clutch spring wires.
- Technological advancements: Advancements such as automatic transmission and dual-clutch transmissions are resulting in increased use of clutch springs, which is driving growth of this market globally . 5) Stringent emission norms: Stringent emission norms being implemented by various governments around the world are forcing automakers to adopt new technologies that reduce emissions from their vehicles
Scope Of The Report
Report Attributes
Report Details
Report Title
Clutch Spring Wires Market Research Report
By Type
Stainless Steel, Alloy Steel, Aluminum, Others
By Application
Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle
By Companies
Suzuki Garphyttan, KIS Wire, Kobe Steel, POSCO, Neturen America, China Baowu Steel Group, Zhengzhou Sinosteel, N.V. Bekaert, Haina Special Steel, American Spring Wire, Pengg Austria GmbH, Nippon Steel SG 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
215
Number of Tables & Figures
151
Customization Available
Yes, the report can be customized as per your need.
Global Clutch Spring Wires Market Report Segments:
The global Clutch Spring Wires market is segmented on the basis of:
Types
Stainless Steel, Alloy Steel, Aluminum, Others
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
Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle
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
- KIS Wire
- Kobe Steel
- POSCO
- Neturen America
- China Baowu Steel Group
- Zhengzhou Sinosteel
- N.V. Bekaert
- Haina Special Steel
- American Spring Wire
- Pengg Austria GmbH
- Nippon Steel SG Wire
Highlights of The Clutch Spring Wires 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:
- Stainless Steel
- Alloy Steel
- Aluminum
- Others
- By Application:
- Passenger Car
- Light Commercial Vehicle
- Heavy Commercial Vehicle
- 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 Clutch Spring Wires 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?
Clutch Spring Wires are a type of wire used in automotive and other applications that require high tensile strength. They are made from stainless steel or other corrosion-resistant materials, and have a diameter of approximately 0.035 inches (0.89 mm).
Some of the major companies in the clutch spring wires market are Suzuki Garphyttan, KIS Wire, Kobe Steel, POSCO, Neturen America, China Baowu Steel Group, Zhengzhou Sinosteel, N.V. Bekaert, Haina Special Steel, American Spring Wire, Pengg Austria GmbH, Nippon Steel SG Wire.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Clutch Spring Wires 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 Clutch Spring Wires Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Clutch Spring Wires 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 Clutch Spring Wires 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 Clutch Spring Wires Market Size & Forecast, 2018-2028
4.5.1 Clutch Spring Wires Market Size and Y-o-Y Growth
4.5.2 Clutch Spring Wires Market Absolute $ Opportunity
Chapter 5 Global Clutch Spring Wires 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 Clutch Spring Wires Market Size Forecast by Type
5.2.1 Stainless Steel
5.2.2 Alloy Steel
5.2.3 Aluminum
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Clutch Spring Wires 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 Clutch Spring Wires Market Size Forecast by Applications
6.2.1 Passenger Car
6.2.2 Light Commercial Vehicle
6.2.3 Heavy Commercial Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Clutch Spring Wires 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 Clutch Spring Wires 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 Clutch Spring Wires Analysis and Forecast
9.1 Introduction
9.2 North America Clutch Spring Wires 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 Clutch Spring Wires Market Size Forecast by Type
9.6.1 Stainless Steel
9.6.2 Alloy Steel
9.6.3 Aluminum
9.6.4 Others
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 Clutch Spring Wires Market Size Forecast by Applications
9.10.1 Passenger Car
9.10.2 Light Commercial Vehicle
9.10.3 Heavy Commercial Vehicle
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 Clutch Spring Wires Analysis and Forecast
10.1 Introduction
10.2 Europe Clutch Spring Wires 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 Clutch Spring Wires Market Size Forecast by Type
10.6.1 Stainless Steel
10.6.2 Alloy Steel
10.6.3 Aluminum
10.6.4 Others
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 Clutch Spring Wires Market Size Forecast by Applications
10.10.1 Passenger Car
10.10.2 Light Commercial Vehicle
10.10.3 Heavy Commercial Vehicle
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 Clutch Spring Wires Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Clutch Spring Wires 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 Clutch Spring Wires Market Size Forecast by Type
11.6.1 Stainless Steel
11.6.2 Alloy Steel
11.6.3 Aluminum
11.6.4 Others
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 Clutch Spring Wires Market Size Forecast by Applications
11.10.1 Passenger Car
11.10.2 Light Commercial Vehicle
11.10.3 Heavy Commercial Vehicle
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 Clutch Spring Wires Analysis and Forecast
12.1 Introduction
12.2 Latin America Clutch Spring Wires 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 Clutch Spring Wires Market Size Forecast by Type
12.6.1 Stainless Steel
12.6.2 Alloy Steel
12.6.3 Aluminum
12.6.4 Others
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 Clutch Spring Wires Market Size Forecast by Applications
12.10.1 Passenger Car
12.10.2 Light Commercial Vehicle
12.10.3 Heavy Commercial Vehicle
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) Clutch Spring Wires Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Clutch Spring Wires 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) Clutch Spring Wires Market Size Forecast by Type
13.6.1 Stainless Steel
13.6.2 Alloy Steel
13.6.3 Aluminum
13.6.4 Others
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) Clutch Spring Wires Market Size Forecast by Applications
13.10.1 Passenger Car
13.10.2 Light Commercial Vehicle
13.10.3 Heavy Commercial Vehicle
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 Clutch Spring Wires Market: Competitive Dashboard
14.2 Global Clutch Spring Wires Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Suzuki Garphyttan
14.3.2 KIS Wire
14.3.3 Kobe Steel
14.3.4 POSCO
14.3.5 Neturen America
14.3.6 China Baowu Steel Group
14.3.7 Zhengzhou Sinosteel
14.3.8 N.V. Bekaert
14.3.9 Haina Special Steel
14.3.10 American Spring Wire
14.3.11 Pengg Austria GmbH
14.3.12 Nippon Steel SG Wire
