Market Overview:
The global SUV 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%. The market growth can be attributed to the increasing demand for SUVs across the globe. Based on type, the global SUV oil tempered spring steel wire market has been segmented into valve spring, suspension spring and other types. Among these, valve springs are expected to account for a major share of the market during the forecast period owing to their growing use in SUVs. By application, 5-seater SUVs are anticipated to dominate the global SUV oil tempered spring steel wire market during 2018-2030 followed by 7-seater SUVs. However, other applications such as 10/12 seater and off road vehicles are also expected to witness significant growth over the forecast period. Regionally, North America is anticipated to lead the global SUV oil tempered spring steel wire market during 2018-2030 followed by Europe and Asia Pacific respectively.
Product Definition:
An oil tempered spring steel wire is a type of spring steel wire that has been heat treated with oil. The oil tempering process hardens the steel and gives it a higher resistance to wear and tear. This makes it an ideal choice for use in applications where durability is important, such as in the construction of suspension springs, door hinges, and other similar components.
Valve Spring:
The valve spring is a device that regulates the flow of a liquid by allowing or blocking passage through a restricted channel. The springs are made up of various materials such as steel, silicon, aluminum and titanium. The basic function of the valve spring is to regulate the pressure in an automobile engine so that it can be controlled according to need without causing damage to any component.
Suspension Spring:
A suspension spring is a device that helps to regulate the distance between two compression members, which are usually mounted on a stationary base and are used to store energy. The stored energy can be used to propel an object forward when the springs are compressed.
Suspension springs have applications in various industries such as automotive, aerospace, defense and medical among others.
Application Insights:
The other application segment includes 4WD and 2WD passenger cars. The demand for the product in this segment is expected to grow at a significant pace owing to increasing sales of entry-level luxury vehicles, such as Mercedes-Benz, Audi, BMW and Porsche among others. In addition, factors such as growing urbanization due to rising population along with increasing disposable income will boost the demand for vehicles equipped with 7 seats or more in developing countries including India and China over the forecast period.
The 5 seaters application segment accounted for a market share of 35% in 2017 on account of high usage rates coupled with high vehicle production rates across major automotive markets globally including China, U.S., Germany etcetera which are estimated to drive product consumption over the forecast period.
Regional Analysis:
The market in North America is expected to witness significant growth over the forecast period owing to increasing demand for vehicles with enhanced safety features and advanced driver assistance systems (ADAS). The rising adoption of ADAS technologies, such as anti-lock braking system (ABS) and electronic stability program (ESP), is anticipated to drive product demand.
Asia Pacific was the largest market for this product accounting for a share of more than 35.0% in 2017 owing to high vehicle sales coupled with rapid urbanization across emerging economies including China, India, Indonesia, Malaysia and Thailand. These countries are among the top 10 auto markets globally thereby driving industry expansion over the past few years. Moreover, supportive government policies aimed at promoting new car sales are further expected to boost regional growth during the forecast period.
Growth Factors:
- Increasing demand for SUVs from emerging markets: The SUV market is growing at a fast pace in the developing countries of Asia Pacific, Latin America, and Africa. This is mainly due to the increasing disposable income of the middle-class population and their preference for larger vehicles. Thus, there is a high potential for growth in the SUV oil tempered spring steel wire market in these regions.
- Technological advancements: The automotive industry is witnessing rapid advancements in technology with respect to design, materials, and manufacturing processes. This has led to an increase in demand for high-quality products such as oil tempered spring steel wire. Manufacturers are focusing on R&D activities to develop new products that meet the stringent quality requirements of automakers worldwide.
- Growing popularity of electric vehicles: Although electric vehicles account for a small share of the global automotive market at present, their popularity is growing rapidly due to environmental concerns and government initiatives promoting their adoption worldwide. This could lead to a decline in sales of traditional fuel-powered vehicles over time, including SUVs equipped with oil tempered spring steel wires therein suspension systems etc., which would hamper growth prospects for this market during the forecast period . However,, this trend could also create new opportunities for manufacturers offering innovative solutions that can improve performance or reduce costs associated with electric vehicle suspensions systems..
Scope Of The Report
Report Attributes
Report Details
Report Title
SUV Oil Tempered Spring Steel Wire Market Research Report
By Type
Valve Spring, Suspension Spring, Other
By Application
5 seats, 7 seats, Other
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
176
Number of Tables & Figures
124
Customization Available
Yes, the report can be customized as per your need.
Global SUV Oil Tempered Spring Steel Wire Market Report Segments:
The global SUV 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
5 seats, 7 seats, Other
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 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:
- 5 seats
- 7 seats
- Other
- 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 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
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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- 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 oil tempered spring steel wire is a type of wire that is specifically designed for use in suspension systems. It is made from a high-quality, hardened steel and has been treated to resist corrosion. This makes it ideal for use in vehicles that are subjected to heavy wear and tear, such as SUVs.
Some of the major players in the suv 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 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 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 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 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 Oil Tempered Spring Steel Wire Market Size & Forecast, 2018-2028
4.5.1 SUV Oil Tempered Spring Steel Wire Market Size and Y-o-Y Growth
4.5.2 SUV Oil Tempered Spring Steel Wire Market Absolute $ Opportunity
Chapter 5 Global SUV 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 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 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 Oil Tempered Spring Steel Wire Market Size Forecast by Applications
6.2.1 5 seats
6.2.2 7 seats
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global SUV 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 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 Oil Tempered Spring Steel Wire Analysis and Forecast
9.1 Introduction
9.2 North America SUV 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 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 Oil Tempered Spring Steel Wire Market Size Forecast by Applications
9.10.1 5 seats
9.10.2 7 seats
9.10.3 Other
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 Oil Tempered Spring Steel Wire Analysis and Forecast
10.1 Introduction
10.2 Europe SUV 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 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 Oil Tempered Spring Steel Wire Market Size Forecast by Applications
10.10.1 5 seats
10.10.2 7 seats
10.10.3 Other
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 Oil Tempered Spring Steel Wire Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific SUV 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 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 Oil Tempered Spring Steel Wire Market Size Forecast by Applications
11.10.1 5 seats
11.10.2 7 seats
11.10.3 Other
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 Oil Tempered Spring Steel Wire Analysis and Forecast
12.1 Introduction
12.2 Latin America SUV 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 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 Oil Tempered Spring Steel Wire Market Size Forecast by Applications
12.10.1 5 seats
12.10.2 7 seats
12.10.3 Other
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 Oil Tempered Spring Steel Wire Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) SUV 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 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 Oil Tempered Spring Steel Wire Market Size Forecast by Applications
13.10.1 5 seats
13.10.2 7 seats
13.10.3 Other
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 Oil Tempered Spring Steel Wire Market: Competitive Dashboard
14.2 Global SUV 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
