Market Overview:
The global pickup oil tempered spring steel wire market is estimated to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for automobiles, especially in developing countries such as China and India. In addition, the increasing demand for fuel-efficient vehicles is also contributing to the growth of this market. The global pickup oil tempered spring steel wire market can be segmented on the basis of type, application and region. On the basis of type, the market can be divided into valve spring, suspension spring and other types. The valve springs segment is expected to grow at a higher CAGR during the forecast period owing to rising demand for fuel-efficient vehicles worldwide.
Product Definition:
Pick up oil tempered spring steel wire is a type of spring steel wire that has been specifically treated with oil to make it more resistant to wear and tear. This makes it an ideal choice for use in pickup truck suspensions, as it can withstand the constant jarring and bouncing that occurs when driving on rough roads.
Valve Spring:
Valve spring is a coil of metal wire which is wound around an inner core. The valve spring has the dual role to act as a return channel for the pressure and at the same time it helps in maintaining constant tension on the tappet plate. As soon as any external force is applied to this system, such as bumping into another object or shock, then pressure gets distributed amongst other components and may cause damage to vehicle’s engine if it's not designed properly.
Suspension Spring:
A suspension spring is a device that is used to store energy and then convert it into elasticity when needed. It consists of two metal coils, which are connected by a wire at the center. When the pressure in the coil increases, the springs get compressed; when pressure decreases, they return to their original shape. They are widely used in automobiles for front seat belt tensioning as well as for load limiters and anti-sagging systems among other applications.
Application Insights:
Diesel application dominated the global pickup oil tempered spring steel wire market, accounting for over 60.0% share of the overall revenue in 2017. Rising demand for diesel engines in developing countries such as India and China on account of increasing vehicle sales is expected to drive the segment growth over the forecast period. In addition, stringent regulations regarding reduction in harmful emissions from diesel vehicles are likely to propel industry expansion over the coming years.
Gasoline applications are anticipated to witness significant growth at a CAGR of XX% from 2018 to 2030 owing to rising fuel prices and awareness regarding environment preservation among consumers globally.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region over the forecast period. The growth can be attributed to increasing automotive production in countries such as India, China, and Japan. Moreover, rising disposable income coupled with a growing population will drive demand for vehicles in this region. Increasing use of pickup trucks and vans for personal transportation is also anticipated to fuel market growth over the coming years.
Europe was estimated at USD X million in 2017 as a major contributor towards global revenue generation owing to high usage of these products across various applications including diesel engines.
Growth Factors:
- Increasing demand for automobiles
- Growing automotive industry in developing countries
- Rising demand for steel in construction and infrastructure development projects
- Technological advancements that improve the performance of pickup oil tempered spring steel wire products
- Increasing adoption of pickup oil tempered spring steel wire by end-use industries
Scope Of The Report
Report Attributes
Report Details
Report Title
Pickup Oil Tempered Spring Steel Wire Market Research Report
By Type
Valve Spring, Suspension Spring, Other
By Application
Diesel, Gasoline
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
154
Number of Tables & Figures
108
Customization Available
Yes, the report can be customized as per your need.
Global Pickup Oil Tempered Spring Steel Wire Market Report Segments:
The global Pickup 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
Diesel, Gasoline
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 Pickup 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:
- Diesel
- Gasoline
- 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 Pickup 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
- 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?
Pickup oil tempered spring steel wire is a type of wire that is used in electric guitars and other stringed instruments. It is made from a hardened, tempered steel wire that has been coated with a light oil to make it easier to slide over the strings. This coating makes the pickup Wire less likely to rust or tarnish, which can cause problems with sound quality and tuning.
Some of the key players operating in the pickup 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 pickup oil tempered spring steel wire market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Pickup 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 Pickup Oil Tempered Spring Steel Wire Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Pickup 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 Pickup 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 Pickup Oil Tempered Spring Steel Wire Market Size & Forecast, 2018-2028
4.5.1 Pickup Oil Tempered Spring Steel Wire Market Size and Y-o-Y Growth
4.5.2 Pickup Oil Tempered Spring Steel Wire Market Absolute $ Opportunity
Chapter 5 Global Pickup 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 Pickup 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 Pickup 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 Pickup Oil Tempered Spring Steel Wire Market Size Forecast by Applications
6.2.1 Diesel
6.2.2 Gasoline
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Pickup 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 Pickup 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 Pickup Oil Tempered Spring Steel Wire Analysis and Forecast
9.1 Introduction
9.2 North America Pickup 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 Pickup 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 Pickup Oil Tempered Spring Steel Wire Market Size Forecast by Applications
9.10.1 Diesel
9.10.2 Gasoline
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 Pickup Oil Tempered Spring Steel Wire Analysis and Forecast
10.1 Introduction
10.2 Europe Pickup 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 Pickup 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 Pickup Oil Tempered Spring Steel Wire Market Size Forecast by Applications
10.10.1 Diesel
10.10.2 Gasoline
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 Pickup Oil Tempered Spring Steel Wire Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Pickup 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 Pickup 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 Pickup Oil Tempered Spring Steel Wire Market Size Forecast by Applications
11.10.1 Diesel
11.10.2 Gasoline
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 Pickup Oil Tempered Spring Steel Wire Analysis and Forecast
12.1 Introduction
12.2 Latin America Pickup 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 Pickup 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 Pickup Oil Tempered Spring Steel Wire Market Size Forecast by Applications
12.10.1 Diesel
12.10.2 Gasoline
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) Pickup Oil Tempered Spring Steel Wire Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Pickup 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) Pickup 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) Pickup Oil Tempered Spring Steel Wire Market Size Forecast by Applications
13.10.1 Diesel
13.10.2 Gasoline
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 Pickup Oil Tempered Spring Steel Wire Market: Competitive Dashboard
14.2 Global Pickup 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
