Market Overview:
The global spiral torsion 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 spiral torsion springs from various end-use industries, such as automotive, electronic, and others. In addition, the growing demand for high-quality and durable spiral torsion springs is also contributing to the growth of this market. Stainless steel is a key type segment of this market and is expected to witness significant growth during the forecast period owing to its properties such as corrosion resistance and durability.
Product Definition:
A spiral torsion spring is a coil spring that uses the twisting motion of its helical coils to store energy. When used in compression, these springs provide resistance to turning or torque. They are commonly used in applications that require a small amount of torque over a large range of motion, such as door hinges, clasps, and toy cars.
Stainless Steel:
Stainless steel is a durable type of metal that has high corrosion resistance. It also has the ability to withstand various chemical environments without becoming adversely affected. Stainless steel is considered as one of the most important materials in spiral torsion springs market on account of its physical and mechanical properties.
High-carbon Steel:
High-carbon steel is a form of carbon steel that contains at least 0.5% carbon and usually more than 2%. It has good mechanical properties but poor corrosion resistance. The material is used in the manufacturing of spiral torsion springs due to it's high strength, which makes them suitable for heavy-duty use in automobiles and trucks.
Application Insights:
The industry application segment held the largest share of over 50.0% in 2017. The segment is expected to witness significant growth on account of increasing demand for products from the industrial sector, which includes food and beverage, chemical, paper and pulp industries. spiral torsion springs are widely used in the pallet trucks owing to their ability to provide smooth ride while transporting heavy loads along with increased maneuverability at high speeds.
Automobile application segment is also expected to witness considerable growth over the forecast period due largely to growing automotive production across various countries such as India, China Japan and Germany; coupled with increasing consumer disposable income levels in developing countries such as Brazil Argentina etc.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to rapid industrialization and urbanization in the region. In addition, increasing foreign investments coupled with favorable government policies are anticipated to drive the industry growth over the forecast period.
Europe was valued at USD X million in 2017 and is projected to witness significant growth over the coming years on account of growing demand for energy-efficient products as well as rising R&D activities by various companies for manufacturing Spiral Torsion Springs.
North America accounted for more than 25% share of global revenue in 2017 owing both ends– manufacturing end.
Growth Factors:
- Increasing demand from automotive and industrial sectors
- Rising popularity of spiral torsion springs in the global market
- Growing demand for miniaturization and lightweight components in various industries
- Technological advancements in the manufacturing of spiral torsion springs 5. Rising trend of customization in the spring industry
Scope Of The Report
Report Attributes
Report Details
Report Title
Spiral Torsion Springs Market Research Report
By Type
Stainless Steel, High-carbon Steel
By Application
Industry, Automobile, Electronic, Others
By Companies
De Spiraal B.V, Airedale Springs Ltd, Lesjöfors, KOKUYO Spring, Vulcan Spring, Tech Spring Manufacturing, Anderson Quality Spring, Hwa Jyh Spring, JOHN EVANS’ SONS, RPK Group, Schindler Spring, Spring Dynamics, C＆F Wire Products, All-Rite Spring, Peninsula Spring, Barnes Group
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
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Spiral Torsion Springs Market Report Segments:
The global Spiral Torsion Springs market is segmented on the basis of:
Types
Stainless Steel, High-carbon Steel
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
Industry, Automobile, Electronic, 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:
- De Spiraal B.V
- Airedale Springs Ltd
- Lesjöfors
- KOKUYO Spring
- Vulcan Spring
- Tech Spring Manufacturing
- Anderson Quality Spring
- Hwa Jyh Spring
- JOHN EVANS’ SONS
- RPK Group
- Schindler Spring
- Spring Dynamics
- C＆F Wire Products
- All-Rite Spring
- Peninsula Spring
- Barnes Group
Highlights of The Spiral Torsion Springs 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
- High-carbon Steel
- By Application:
- Industry
- Automobile
- Electronic
- 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 Spiral Torsion 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
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?
Spiral Torsion Springs are a type of suspension springs that use a helical wire to create the torsion force. This makes them very strong and able to resist wear and tear, making them ideal for applications where durability is important.
Some of the key players operating in the spiral torsion springs market are De Spiraal B.V, Airedale Springs Ltd, Lesj¶fors, KOKUYO Spring, Vulcan Spring, Tech Spring Manufacturing, Anderson Quality Spring, Hwa Jyh Spring, JOHN EVANS’ SONS, RPK Group, Schindler Spring, Spring Dynamics, C＆F Wire Products, All-Rite Spring, Peninsula Spring, Barnes Group.
The spiral torsion springs 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 Spiral Torsion 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 Spiral Torsion Springs Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Spiral Torsion 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 Spiral Torsion 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 Spiral Torsion Springs Market Size & Forecast, 2020-2028
4.5.1 Spiral Torsion Springs Market Size and Y-o-Y Growth
4.5.2 Spiral Torsion 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 Stainless Steel
5.2.2 High-carbon Steel
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 Industry
6.2.2 Automobile
6.2.3 Electronic
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Spiral Torsion 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 Spiral Torsion 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 Stainless Steel
9.6.2 High-carbon Steel
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 Industry
9.10.2 Automobile
9.10.3 Electronic
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 Stainless Steel
10.6.2 High-carbon Steel
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 Industry
10.10.2 Automobile
10.10.3 Electronic
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 Stainless Steel
11.6.2 High-carbon Steel
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 Industry
11.10.2 Automobile
11.10.3 Electronic
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 Stainless Steel
12.6.2 High-carbon Steel
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 Industry
12.10.2 Automobile
12.10.3 Electronic
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 Stainless Steel
13.6.2 High-carbon Steel
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 Industry
13.10.2 Automobile
13.10.3 Electronic
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 Spiral Torsion Springs Market: Competitive Dashboard
14.2 Global Spiral Torsion Springs Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 De Spiraal B.V
14.3.2 Airedale Springs Ltd
14.3.3 Lesjöfors
14.3.4 KOKUYO Spring
14.3.5 Vulcan Spring
14.3.6 Tech Spring Manufacturing
14.3.7 Anderson Quality Spring
14.3.8 Hwa Jyh Spring
14.3.9 JOHN EVANS’ SONS
14.3.10 RPK Group
14.3.11 Schindler Spring
14.3.12 Spring Dynamics
14.3.13 C＆F Wire Products
14.3.14 All-Rite Spring
14.3.15 Peninsula Spring
14.3.16 Barnes Group
