Spring Market Size, Share & Trends Analysis Report By Product Type, By End-use (Automotive & Transportation, Construction, Agriculture & Forestry, Manufacturing), By Region, And Segment Forecasts, 2023

The global spring market size is expected to reach USD 37.5 billion by 2030, registering a CAGR of 5.0% from 2023 to 2030, according to a new report by Grand View Research, Inc. The market is expected to gain prominence over the forecast period owing consistent growth in the demand of springs from the different end-use verticals such as automotive and transportation, agriculture and forestry, and construction. Also, the adoption of heavy industrial machinery in developing countries to optimize the manufacturing process is also expected to drive the market over the forecast period.

Industrialization and trade have strengthened each other. Trade has provided access to critical industrial inputs such as raw material and updated technologies such as robotics and Computer-aided manufacturing (CAM) for countries which are incapable of producing them. Increased demand for exports has spurred technological development and industrial production. In turn, the introduction of new industrial technologies such as use of 3D printers in manufacturing has shaped the pattern of manufacturing sector and hence increasing the demand for springs from robotics as well as from manufactured products.

Europe accounted for more than 25.0% of the global revenue generated in the market in the year 2019. Rising government investments to boost electric vehicle production/sales is anticipated to promote regional growth over the coming years. In Asia Pacific, the market is expected to witness the fastest growth over the forecast period, owing to substantial growth of manufacturing sector in countries such as China and India.

However, the market is depended on demand from its end users such as automotive and manufacturing. Therefore, the onset of financial crisis is expected to adversely impact market growth. Also, prices of raw materials such as metal and alloy have rapidly fluctuated, hampering market growth. Furthermore, the presence of a large number of domestic and international market participants has made the market highly competitive. The competitive environment in the market has forced the vendors to sell the products at low prices. This has deeply impacted the profit margins of the market players and has also restricted further research and development in the market. However, frequent adoption of new manufacturing methods, and adoption of customized products is expected to accelerate the growth of the spring market over the coming years.

Spring Market Report Highlights:

The helical spring segment accounted for the largest revenue share of 52.7% in 2022 and is expected to grow at the fastest CAGR during the forecast period. The high demand for helical springs is attributed to their advantages, such as coil structure.
The leaf spring segment is expected to witness a significant CAGR during the forecast period owing to its increasing demand in various end-use industries such as railways and automotive.
Manufacturing accounted for the largest revenue share of 31.6% in 2022, owing to a wide range of applications such as robotics and automated drives.
The automotive and transportation segment is expected to grow at the fastest CAGR of 5.9% during the forecast period. This is due to the fact that automobiles highly rely on springs to withstand surface conditions (rough, uneven terrain).
Asia Pacific dominated the market and accounted for the largest revenue share of 38.0% in 2022. Increased demand for spring from the automobile, transportation, and manufacturing sectors is owing to the development of manufacturing facilities by industry leaders in this region.
Europe is expected to grow at the fastest CAGR of 5.6% during the forecast period, owing to the presence of established automobile, aerospace, and defense manufacturers in the region.

Product Code: GVR-4-68038-200-6

Chapter 1. Methodology and Scope

1.1. Market Segmentation & Scope
- 1.1.1. Product type
- 1.1.2. End-use
- 1.1.3. Regional scope
- 1.1.4. Estimates and forecast timeline
1.2. Research Methodology
1.3. Information Procurement
- 1.3.1. Purchased database
- 1.3.2. GVR's internal database
- 1.3.3. Secondary sources
- 1.3.4. Primary research
- 1.3.5. Details of primary research
1.4. Information or Data Analysis
1.5. Market Formulation & Validation
1.6. Model Details
1.7. List of Secondary Sources
1.8. List of Primary Sources
1.9. Objectives

Chapter 2. Executive Summary

2.1. Market Outlook
2.2. Segment Outlook
- 2.2.1. Product type outlook
- 2.2.2. End-use outlook
- 2.2.3. Regional outlook
2.3. Competitive Insights

Chapter 3. Spring Market Variables, Trends & Scope

3.1. Market Lineage Outlook
3.2. Industry Value Chain Analysis
3.3. Market Dynamics
- 3.3.1. Market driver analysis
- 3.3.2. Market restraint analysis
- 3.3.3. Market opportunity analysis
3.4. Spring Market Analysis Tools
- 3.4.1. Industry analysis - Porter's
  - 3.4.1.1. Supplier power
  - 3.4.1.2. Buyer power
  - 3.4.1.3. Substitution threat
  - 3.4.1.4. Threat of new entrant
  - 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL analysis
  - 3.4.2.1. Political landscape
  - 3.4.2.2. Technological landscape
  - 3.4.2.3. Economic landscape

Chapter 4. Spring Market: Product Type Estimates & Trend Analysis

4.1. Spring Market: Key Takeaways
4.2. Spring Market: Movement & Market Share Analysis, 2022 & 2030
4.3. Leaf Spring
- 4.3.1. Leaf spring market estimates and forecasts, 2017 to 2030 (USD Million)
4.4. Helical Spring
- 4.4.1. Helical spring market estimates and forecasts, 2017 to 2030 (USD Million)
4.5. Others
- 4.5.1. Others market estimates and forecasts, 2017 to 2030 (USD Million)

Chapter 5. Spring Market: End-use Estimates & Trend Analysis

5.1. Spring Market: Key Takeaways
5.2. Spring Market: Movement & Market Share Analysis, 2022 & 2030
5.3. Automotive and Transportation
- 5.3.1. Automotive and transportation market estimates and forecasts, 2017 to 2030 (USD Million)
5.4. Construction
- 5.4.1. Construction market estimates and forecasts, 2017 to 2030 (USD Million)
5.5. Agriculture and Forestry
- 5.5.1. Agriculture and forestry market estimates and forecasts, 2017 to 2030 (USD Million)
5.6. Manufacturing
- 5.6.1. Manufacturing market estimates and forecasts, 2017 to 2030 (USD Million)
5.7. Others
- 5.7.1. Others market estimates and forecasts, 2017 to 2030 (USD Million)

Chapter 6. Spring Market: Regional Estimates & Trend Analysis

6.1. Regional Outlook
6.2. Spring Market by Region: Key Takeaway
6.3. North America
- 6.3.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 6.3.2. U.S.
  - 6.3.2.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 6.3.3. Canada
  - 6.3.3.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
6.4. Europe
- 6.4.1. UK
  - 6.4.1.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 6.4.2. Germany
  - 6.4.2.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 6.4.3. France
  - 6.4.3.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
6.5. Asia Pacific
- 6.5.1. Japan
  - 6.5.1.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 6.5.2. China
  - 6.5.2.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 6.5.3. India
  - 6.5.3.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 6.5.4. Australia
  - 6.5.4.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 6.5.5. South Korea
  - 6.5.5.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
6.6. Latin America
- 6.6.1. Brazil
  - 6.6.1.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 6.6.2. Mexico
  - 6.6.2.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
6.7. MEA
- 6.7.1. Saudi Arabia
  - 6.7.1.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 6.7.2. South Africa
  - 6.7.2.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 6.7.3. UAE
  - 6.7.3.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)

Chapter 7. Competitive Landscape

7.1. Recent Developments & Impact Analysis, By Key Market Participants
7.2. Market Participant Categorization
- 7.2.1. GALA GROUP
  - 7.2.1.1. Company overview
  - 7.2.1.2. Financial performance
  - 7.2.1.3. Product benchmarking
  - 7.2.1.4. Strategic initiatives
- 7.2.2. Ace Wire Spring & Form Company
  - 7.2.2.1. Company overview
  - 7.2.2.2. Financial performance
  - 7.2.2.3. Product benchmarking
  - 7.2.2.4. Strategic initiatives
- 7.2.3. Bal Seal Engineering.
  - 7.2.3.1. Company overview
  - 7.2.3.2. Financial performance
  - 7.2.3.3. Product benchmarking
  - 7.2.3.4. Strategic initiatives
- 7.2.4. Barnes
  - 7.2.4.1. Company overview
  - 7.2.4.2. Financial performance
  - 7.2.4.3. Product benchmarking
  - 7.2.4.4. Strategic initiatives
- 7.2.5. CARL HAAS GmbH
  - 7.2.5.1. Company overview
  - 7.2.5.2. Financial performance
  - 7.2.5.3. Product benchmarking
  - 7.2.5.4. Strategic initiatives
- 7.2.6. EBSCO Spring Co.
  - 7.2.6.1. Company overview
  - 7.2.6.2. Financial performance
  - 7.2.6.3. Product benchmarking
  - 7.2.6.4. Strategic initiatives
- 7.2.7. FRAUENTHAL HOLDING
  - 7.2.7.1. Company overview
  - 7.2.7.2. Financial performance
  - 7.2.7.3. Product benchmarking
  - 7.2.7.4. Strategic initiatives
- 7.2.8. Hendrickson USA, L.L.C.
  - 7.2.8.1. Company overview
  - 7.2.8.2. Financial performance
  - 7.2.8.3. Product benchmarking
  - 7.2.8.4. Strategic initiatives
- 7.2.9. Ifc Composite Gmbh
  - 7.2.9.1. Company overview
  - 7.2.9.2. Financial performance
  - 7.2.9.3. Product benchmarking
  - 7.2.9.4. Strategic initiatives
- 7.2.10. JAMNA AUTO INDUSTRIES LIMITED.
  - 7.2.10.1. Company overview
  - 7.2.10.2. Financial performance
  - 7.2.10.3. Product benchmarking
  - 7.2.10.4. Strategic initiatives
- 7.2.11. John Evans' Sons Inc.
  - 7.2.11.1. Company overview
  - 7.2.11.2. Financial performance
  - 7.2.11.3. Product benchmarking
  - 7.2.11.4. Strategic initiatives
- 7.2.12. Muhr and Bender KG
  - 7.2.12.1. Company overview
  - 7.2.12.2. Financial performance
  - 7.2.12.3. Product benchmarking
  - 7.2.12.4. Strategic initiatives
- 7.2.13. Rassini.
  - 7.2.13.1. Company overview
  - 7.2.13.2. Financial performance
  - 7.2.13.3. Product benchmarking
  - 7.2.13.4. Strategic initiatives
- 7.2.14. Sogefi SpA
  - 7.2.14.1. Company overview
  - 7.2.14.2. Financial performance
  - 7.2.14.3. Product benchmarking
  - 7.2.14.4. Strategic initiatives

Product Code: GVR-4-68038-200-6

List of Tables

Table 1 List of abbreviation
Table 2 North America spring market, by product type, 2017 - 2030 (USD Million)
Table 3 North America spring market, by end-use, 2017 - 2030 (USD Million)
Table 4 North America spring market, by region, 2017 to 2030 (USD Million)
Table 5 U.S. spring market, by product type, 2017 - 2030 (USD Million)
Table 6 U.S. spring market, by end-use, 2017 - 2030 (USD Million)
Table 7 Canada spring market, by product type, 2017 - 2030 (USD Million)
Table 8 Canada spring market, by end-use, 2017 - 2030 (USD Million)
Table 9 Europe spring market, by product type, 2017 - 2030 (USD Million)
Table 10 Europe spring market, by end-use, 2017 - 2030 (USD Million)
Table 11 Europe spring market, by region, 2017 to 2030 (USD Million)
Table 12 Germany spring market, by product type, 2017 - 2030 (USD Million)
Table 13 Germany spring market, by end-use, 2017 - 2030 (USD Million)
Table 14 UK spring market, by product type, 2017 - 2030 (USD Million)
Table 15 UK spring market, by end-use, 2017 - 2030 (USD Million)
Table 16 France spring market, by product type, 2017 - 2030 (USD Million)
Table 17 France spring market, by end-use, 2017 - 2030 (USD Million)
Table 18 Asia Pacific spring market, by product type, 2017 - 2030 (USD Million)
Table 19 Asia Pacific spring market, by end-use, 2017 - 2030 (USD Million)
Table 20 Asia Pacific spring market, by region, 2017 to 2030 (USD Million)
Table 21 China spring market, by product type, 2017 - 2030 (USD Million)
Table 22 China spring market, by end-use, 2017 - 2030 (USD Million)
Table 23 Japan spring market, by product type, 2017 - 2030 (USD Million)
Table 24 Japan spring market, by end-use, 2017 - 2030 (USD Million)
Table 25 India spring market, by product type, 2017 - 2030 (USD Million)
Table 26 India spring market, by end-use, 2017 - 2030 (USD Million)
Table 27 Australia spring market, by product type, 2017 - 2030 (USD Million)
Table 28 Australia spring market, by end-use, 2017 - 2030 (USD Million)
Table 29 South Korea spring market, by product type, 2017 - 2030 (USD Million)
Table 30 South Korea spring market, by end-use, 2017 - 2030 (USD Million)
Table 31 Latin America spring market, by product type, 2017 - 2030 (USD Million)
Table 32 Latin America spring market, by end-use, 2017 - 2030 (USD Million)
Table 33 Latin America spring market, by region, 2017 to 2030 (USD Million)
Table 34 Brazil spring market, by product type, 2017 - 2030 (USD Million)
Table 35 Brazil spring market, by end-use, 2017 - 2030 (USD Million)
Table 36 Mexico spring market, by product type, 2017 - 2030 (USD Million)
Table 37 Mexico spring market, by end-use, 2017 - 2030 (USD Million)
Table 38 Middle East and Africa spring market, by product type, 2017 - 2030 (USD Million)
Table 39 Middle East and Africa spring market, by end-use, 2017 - 2030 (USD Million)
Table 40 Middle East and Africa spring market, by region, 2017 to 2030 (USD Million)
Table 41 South Africa spring market, by product type, 2017 - 2030 (USD Million)
Table 42 South Africa spring market, by end-use, 2017 - 2030 (USD Million)
Table 43 Saudi Arabia spring market, by product type, 2017 - 2030 (USD Million)
Table 44 Saudi Arabia spring market, by end-use, 2017 - 2030 (USD Million)
Table 45 UAE spring market, by product type, 2017 - 2030 (USD Million)
Table 46 UAE spring market, by end-use, 2017 - 2030 (USD Million)

List of Figures

Fig. 1 Market research process
Fig. 2 Data triangulation techniques
Fig. 3 Primary research pattern
Fig. 4 Market research approaches
Fig. 5 Value-chain-based sizing & forecasting
Fig. 6 QFD modeling for market share assessment
Fig. 7 Market formulation & validation
Fig. 8 Spring: Market outlook
Fig. 9 Spring: Competitive insights
Fig. 10 Parent market outlook
Fig. 11 Related/ancillary market outlook
Fig. 12 Penetration and growth prospect mapping
Fig. 13 Industry value chain analysis
Fig. 14 Spring market driver impact
Fig. 15 Spring market restraint impact
Fig. 16 Spring market strategic initiatives analysis
Fig. 17 Spring market: Product type movement analysis
Fig. 18 Spring market: Product type outlook and key takeaways
Fig. 19 Leaf spring market estimates and forecasts, 2017 - 2030
Fig. 20 Helical spring market estimates and forecasts, 2017 - 2030
Fig. 21 Others market estimates and forecasts, 2017 - 2030
Fig. 22 Spring market: End-use movement analysis
Fig. 23 Spring market: End-use outlook and key takeaways
Fig. 24 Automotive and transportation market estimates and forecasts, 2017 - 2030
Fig. 25 Construction market estimates and forecasts, 2017 - 2030
Fig. 26 Agriculture and forestry market estimates and forecasts, 2017 - 2030
Fig. 27 Manufacturing market estimates and forecasts, 2017 - 2030
Fig. 28 Others market estimates and forecasts, 2017 - 2030
Fig. 29 Global spring market: Regional movement analysis
Fig. 30 Global spring market: Regional outlook and key takeaways
Fig. 31 North America market estimates and forecasts, 2017 - 2030
Fig. 32 U.S. market estimates and forecasts, 2017 - 2030
Fig. 33 Canada market estimates and forecasts, 2017 - 2030
Fig. 34 Europe. market estimates and forecasts, 2017 - 2030
Fig. 35 UK market estimates and forecasts, 2017 - 2030
Fig. 36 Germany market estimates and forecasts, 2017 - 2030
Fig. 37 France market estimates and forecasts, 2017 - 2030
Fig. 38 Asia Pacific market estimates and forecasts, 2017 - 2030
Fig. 39 Japan market estimates and forecasts, 2017 - 2030
Fig. 40 China market estimates and forecasts, 2017 - 2030
Fig. 41 India market estimates and forecasts, 2017 - 2030
Fig. 42 Australia market estimates and forecasts, 2017 - 2030
Fig. 43 South Korea market estimates and forecasts, 2017 - 2030
Fig. 44 Latin America market estimates and forecasts, 2017 - 2030
Fig. 45 Brazil market estimates and forecasts, 2017 - 2030
Fig. 46 Mexico market estimates and forecasts, 2017 - 2030
Fig. 47 Middle East and Africa. market estimates and forecasts, 2017 - 2030
Fig. 48 Saudi Arabia market estimates and forecasts, 2017 - 2030
Fig. 49 South Africa market estimates and forecasts, 2017 - 2030
Fig. 50 UAE market estimates and forecasts, 2017 - 2030

Spring Market Size, Share & Trends Analysis Report By Product Type, By End-use (Automotive & Transportation, Construction, Agriculture & Forestry, Manufacturing), By Region, And Segment Forecasts, 2023 - 2030

Description

Table of Contents

List of Tables

Spring Market Growth & Trends:

Spring Market Report Highlights:

Table of Contents

Chapter 1. Methodology and Scope

Chapter 2. Executive Summary

Chapter 3. Spring Market Variables, Trends & Scope

Chapter 4. Spring Market: Product Type Estimates & Trend Analysis

Chapter 5. Spring Market: End-use Estimates & Trend Analysis

Chapter 6. Spring Market: Regional Estimates & Trend Analysis

Chapter 7. Competitive Landscape

List of Tables

List of Figures