Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Machined Springs Market by Type (Steel, Copper Alloys, Others), By Application (Automobile Components, Machines and Machining Centers, Oil Industry, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Machined Springs Market by Type (Steel, Copper Alloys, Others), By Application (Automobile Components, Machines and Machining Centers, Oil Industry, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 441289 4200 Machinery & Equipment 377 178 Pages 4.7 (31)
                                          

Market Overview:


The global machined springs market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for machined springs from various end-use industries, such as automobiles, machines and machining centers, oil industry, and others. Steel is the most commonly used material for manufacturing machined springs across the globe. However, copper alloys are gaining popularity due to their properties such as high strength-to-weight ratio and corrosion resistance. Asia Pacific is expected to be the fastest growing region in terms of revenue during the forecast period owing to rising demand from developing countries such as China and India.


Global Machined Springs Industry Outlook


Product Definition:


Machined springs are precision-formed, metal coils that have been cut to a specific size and shape. They are often used in applications where a high level of accuracy and consistent performance is required. Machined springs can be made from a variety of materials, including stainless steel, brass, and copper.


Steel:


Steel is a hard, malleable, and strong metal that is alloyed with various other metals to improve its properties. It can be made into different shapes and sizes depending on the end use. Steel has been used in manufacturing springs for as long as it has been available; however, there are few factors that have hindered its growth in the machined spring market over the years.


Copper Alloys:


Copper alloys are a group of metals that exhibit similar properties. The most common copper alloy is called COPPER (95% to 5% Copper). Other well-known alloys include COPPERSITE (75% Copper, 20% Nickel), Kupfer-Zinc (65 % Copper, 35 % Zinc), and CuZnBi alloy (40 % CuZnBi 2 3 4, 60 % ZnSb).


Application Insights:


Automotive components was the largest application segment in 2017 and is expected to continue its dominance over the forecast period. The rising demand for lightweight materials has resulted in an increased use of machined springs, which are used as part of a suspension system.


The oil industry segment accounted for 15.3% share of the global revenue in 2017 and is expected to grow at a significant rate over the forecast period owing to increasing drilling activities across various regions coupled with growing concerns regarding spring fatigue due to high-pressure operations on oil wells. Drilling muds act as lubricants during drilling operations but create pressure on wellbores, which results in higher wear rates on drill bit surfaces and necessitates replacement of worn parts with new ones, thereby driving growth further.


Regional Analysis:


Asia Pacific is expected to be the fastest-growing market for machined springs over the forecast period. The growth can be attributed to increasing demand from industries including automotive, aerospace and defense, industrial machinery, and others. China is one of the largest producers of steel as well as other metals such as aluminum and copper; thus it imports a large amount of machined components from various countries including Japan, Germany, Russia among others. Increasing production in these countries coupled with growing demand from end-use industries will drive regional market growth over the next eight years.


Europe accounted for more than 25% share in 2016 owing to high product utilization in applications such as aerospace equipment manufacturing and machine tools among others.


Growth Factors:


  • Increasing demand from the automotive industry for fuel efficiency and lightweight components
  • Growing demand for machined springs in medical devices and equipment
  • Rising popularity of miniaturized machined springs in consumer electronics
  • Increased use of machined springs in aerospace applications
  • Technological advancements that enable higher precision and performance

Scope Of The Report

Report Attributes

Report Details

Report Title

Machined Springs Market Research Report

By Type

Steel, Copper Alloys, Others

By Application

Automobile Components, Machines and Machining Centers, Oil Industry, Others

By Companies

Helical Products Company, MW Industries, ABSSAC, Taylor Devices, Nippon Chemical Screw & Co., Ltd., Chemis Netshopping

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

178

Number of Tables & Figures

125

Customization Available

Yes, the report can be customized as per your need.


Global Machined Springs Market Report Segments:

The global Machined Springs market is segmented on the basis of:

Types

Steel, Copper Alloys, 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

Automobile Components, Machines and Machining Centers, Oil Industry, 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:

  1. Helical Products Company
  2. MW Industries
  3. ABSSAC
  4. Taylor Devices
  5. Nippon Chemical Screw & Co., Ltd.
  6. Chemis Netshopping

Global Machined Springs Market Overview


Highlights of The Machined Springs Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Steel
    2. Copper Alloys
    3. Others
  1. By Application:

    1. Automobile Components
    2. Machines and Machining Centers
    3. Oil Industry
    4. Others
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Machined Springs 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

Global Machined Springs Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?


Machined Springs is a company that manufactures springs for industrial and consumer applications.

Some of the major players in the machined springs market are Helical Products Company, MW Industries, ABSSAC, Taylor Devices, Nippon Chemical Screw & Co., Ltd., Chemis Netshopping.

The machined springs 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 Machined Springs 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 Machined Springs Market Dynamics       4.2.1 Market Drivers       4.2.2 Market Restraints       4.2.3 Market Opportunity    4.3 Machined Springs 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 Machined Springs 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 Machined Springs Market Size & Forecast, 2020-2028       4.5.1 Machined Springs Market Size and Y-o-Y Growth       4.5.2 Machined Springs Market Absolute $ Opportunity

Chapter 5 Global  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  Market Size Forecast by Type
      5.2.1 Steel
      5.2.2 Copper Alloys
      5.2.3 Others
   5.3 Market Attractiveness Analysis by Type

Chapter 6 Global  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  Market Size Forecast by Applications
      6.2.1 Automobile Components
      6.2.2 Machines and Machining Centers
      6.2.3 Oil Industry
      6.2.4 Others
   6.3 Market Attractiveness Analysis by Applications

Chapter 7 Global Machined Springs 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 Machined Springs 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  Analysis and Forecast
   9.1 Introduction
   9.2 North America  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  Market Size Forecast by Type
      9.6.1 Steel
      9.6.2 Copper Alloys
      9.6.3 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  Market Size Forecast by Applications
      9.10.1 Automobile Components
      9.10.2 Machines and Machining Centers
      9.10.3 Oil Industry
      9.10.4 Others
   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  Analysis and Forecast
   10.1 Introduction
   10.2 Europe  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  Market Size Forecast by Type
      10.6.1 Steel
      10.6.2 Copper Alloys
      10.6.3 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  Market Size Forecast by Applications
      10.10.1 Automobile Components
      10.10.2 Machines and Machining Centers
      10.10.3 Oil Industry
      10.10.4 Others
   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  Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific  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  Market Size Forecast by Type
      11.6.1 Steel
      11.6.2 Copper Alloys
      11.6.3 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  Market Size Forecast by Applications
      11.10.1 Automobile Components
      11.10.2 Machines and Machining Centers
      11.10.3 Oil Industry
      11.10.4 Others
   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  Analysis and Forecast
   12.1 Introduction
   12.2 Latin America  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  Market Size Forecast by Type
      12.6.1 Steel
      12.6.2 Copper Alloys
      12.6.3 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  Market Size Forecast by Applications
      12.10.1 Automobile Components
      12.10.2 Machines and Machining Centers
      12.10.3 Oil Industry
      12.10.4 Others
   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)  Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA)  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)  Market Size Forecast by Type
      13.6.1 Steel
      13.6.2 Copper Alloys
      13.6.3 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)  Market Size Forecast by Applications
      13.10.1 Automobile Components
      13.10.2 Machines and Machining Centers
      13.10.3 Oil Industry
      13.10.4 Others
   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 Machined Springs Market: Competitive Dashboard
   14.2 Global Machined Springs Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.3.1 Helical Products Company
      14.3.2 MW Industries
      14.3.3 ABSSAC
      14.3.4 Taylor Devices
      14.3.5 Nippon Chemical Screw & Co., Ltd.
      14.3.6 Chemis Netshopping

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