Market Overview:
The global SUV and pickup oil tempered spring steel 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% during the forecast period. The market growth can be attributed to the increasing demand for SUVs and pickups across the globe. The global SUV and pickup oil tempered spring steel wire market has been segmented on the basis of type, application, and region. On the basis of type, the market has been segmented into valve spring, suspension spring, other. The valve springs segment is expected to account for a major share of the global SUV and pickup oil tempered spring steel wire market in 2018 owing to its widespread use in automotive applications. On the basis of application,the market has been segmented into SUV & crossover vehicles; light commercial vehicles (LCV), including pickups; heavy commercial vehicles (HCV), including buses; passenger cars; others (tractors etc.).
Product Definition:
SUV and Pickup Oil Tempered Spring Steel Wire is a high-quality steel wire that has been treated with oil to make it tougher and more resistant to wear. It is used in the manufacture of springs, cables, and other components that require strength and durability.
Valve Spring:
Valve spring is a kind of elastic material, which is wound around a metal or wooden core. It has various applications in the automotive industry and finds its major application in the suspension of automobile vehicles. The valve spring helps to regulate the flow of air inside an automobile tire and hence controls the vehicle’s speed.
The demand for valve springs is increasing on account of growing demand for automobiles across developing countries such as India, China, Vietnam.
Suspension Spring:
A suspension spring is a device that helps to regulate the distance between two compression members, which are usually mounted on a frame and help in absorbing shocks. The most common type of suspension springs is the leaf spring, which has one or more leaves. Each leaf contains a metal coil that helps in increasing the stiffness of the spring and allows it to absorb energy efficiently.
Application Insights:
The SUV segment led the market and accounted for more than 45.0% share of the global revenue in 2017. The segment is expected to witness significant growth over the forecast period owing to increasing demand for sport utility vehicles from various end-use markets, such as U.S., China, India and Germany. Furthermore, stringent government regulations regarding reduction in pollution levels coupled with rising awareness about vehicle safety are anticipated to further drive product demand in this application segment over the coming years.
Pickup trucks are widely used across developing countries due to their ability to carry heavy loads at a relatively low cost when compared with conventional trains or trucks transporting similar goods within developed countries of North America and Europe; however, high running costs associated with them may hamper their demand in some regions where diesel fuel prices remain high during 2018-2030 period resulting in lower penetration rate of SUVs/pickups across various economies globally including Asia Pacific.
Regional Analysis:
North America dominated the global market in 2017. The growing demand for vehicles with enhanced safety features and improved ride quality is expected to drive the product demand over the forecast period. In addition, stringent government regulations regarding carbon emission in countries such as Canada and Mexico are expected to boost sales of premium vehicles, thereby driving oil tempered spring steel wire market growth.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to increasing production of commercial trucks and passenger cars in China, India, Japan, South Korea and Taiwan. Increasing per capita income levels coupled with rising urbanization across these developing economies are likely to augment automotive industry size which will further fuel product consumption over next eight years or so till 2030 time frame.
Growth Factors:
- Increasing demand for SUVs and pickups from emerging markets: The growth of the SUV and pickup oil tempered spring steel wire market is largely dependent on the growth of the automotive industry, in particular, the SUV and pickup segments. Emerging markets such as China, India, Brazil, and Mexico are expected to witness high growth rates in terms of vehicle sales in the coming years. This will create a higher demand for oil tempered spring steel wire products used in these vehicles.
- Technological advancements: Automotive OEMs are constantly working on developing new technologies that can improve fuel efficiency and performance of their vehicles. This is also driving innovation within the oil tempered spring steel wire market with manufacturers introducing new products that can meet these requirements. For instance, recently there has been an increase in demand for low-carbon oil tempered spring steel wires that offer better performance at lower costs.
Scope Of The Report
Report Attributes
Report Details
Report Title
SUV and Pickup Oil Tempered Spring Steel Wire Market Research Report
By Type
Valve Spring, Suspension Spring, Other
By Application
SUV, Pickup
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
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global SUV and Pickup Oil Tempered Spring Steel Wire Market Report Segments:
The global SUV and 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
SUV, Pickup
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 SUV and 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:
- SUV
- Pickup
- 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 SUV and 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?
SUV and pickup oil tempered spring steel wire is a type of wire used in suspension systems, such as those found in SUVs and pickups. It is made from a high-quality steel that has been hardened and tempered to make it stronger than regular steel. This makes SUV and pickup oil tempered spring steel wire ideal for use in areas where durability is important, such as the suspension system.
Some of the major players in the suv and 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.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 SUV and 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 SUV and 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 SUV and 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 SUV and 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 SUV and Pickup Oil Tempered Spring Steel Wire Market Size & Forecast, 2018-2028
4.5.1 SUV and Pickup Oil Tempered Spring Steel Wire Market Size and Y-o-Y Growth
4.5.2 SUV and Pickup Oil Tempered Spring Steel Wire Market Absolute $ Opportunity
Chapter 5 Global SUV and 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 SUV and 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 SUV and 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 SUV and Pickup Oil Tempered Spring Steel Wire Market Size Forecast by Applications
6.2.1 SUV
6.2.2 Pickup
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global SUV and 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 SUV and 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 SUV and Pickup Oil Tempered Spring Steel Wire Analysis and Forecast
9.1 Introduction
9.2 North America SUV and 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 SUV and 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 SUV and Pickup Oil Tempered Spring Steel Wire Market Size Forecast by Applications
9.10.1 SUV
9.10.2 Pickup
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 SUV and Pickup Oil Tempered Spring Steel Wire Analysis and Forecast
10.1 Introduction
10.2 Europe SUV and 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 SUV and 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 SUV and Pickup Oil Tempered Spring Steel Wire Market Size Forecast by Applications
10.10.1 SUV
10.10.2 Pickup
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 SUV and Pickup Oil Tempered Spring Steel Wire Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific SUV and 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 SUV and 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 SUV and Pickup Oil Tempered Spring Steel Wire Market Size Forecast by Applications
11.10.1 SUV
11.10.2 Pickup
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 SUV and Pickup Oil Tempered Spring Steel Wire Analysis and Forecast
12.1 Introduction
12.2 Latin America SUV and 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 SUV and 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 SUV and Pickup Oil Tempered Spring Steel Wire Market Size Forecast by Applications
12.10.1 SUV
12.10.2 Pickup
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) SUV and Pickup Oil Tempered Spring Steel Wire Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) SUV and 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) SUV and 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) SUV and Pickup Oil Tempered Spring Steel Wire Market Size Forecast by Applications
13.10.1 SUV
13.10.2 Pickup
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 SUV and Pickup Oil Tempered Spring Steel Wire Market: Competitive Dashboard
14.2 Global SUV and 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
