Los Angeles, CA -- (SBWIRE) -- 04/18/2019 -- Oil Tempered Spring Steel Wire is a cold drawn, heat treated wire. The process of tempering increases the strength and hardness of the wire without making the wire more brittle. Tempering makes oil tempered wire perfect for springs and wire forms.
This oil tempered wire have excellent properties as spring material, and is used as various springs for the automobile such as the valve springs of the engine, the clutch springs, the transmission springs, and the suspension springs.
Oil tempered spring steel wire was originally developed in Sweden, and then Japan became the major country in producing it. For now, Japan and some Europe countries are still the leader of the industry.
In recent years, China's oil tempered spring steel wire manufacturing enterprises have developed rapidly, for the demand is growing. There are many domestic companies entering into Wind Turbine Tower manufacturing industry.
Oil tempered spring steel wire development in developed countries has matured, the growth rate is tied to the downstream--automotive and relative industries. And the growth rate is about 5% each year.
The global Oil Tempered Spring Steel Wire market was 1320 million US$ in 2018 and is expected to 1730 million US$ by the end of 2025, growing at a CAGR of 3.5% between 2019 and 2025.
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This report studies the Oil Tempered Spring Steel Wire market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Oil Tempered Spring Steel Wire in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
Haina Special Steel
American Spring Wire
Tianjin Kay Jill
Shougang Special Steel
By the product type, the market is primarily split into
High Fatigue Wire
Medium Fatigue Wire
By the end users/application, this report covers the following segments
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