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Wire & Spring Manufacturing in the US - Industry Market Research Report

Publisher IBISWorld
Published Mar 26, 2024
Length 54 Pages
SKU # IBSS18692066

Description

Wire & Spring Manufacturing in the US - Industry Market Research Report


Wire & Spring Manufacturing in the US

Wire and spring manufacturers produce various fabricated metal products, including heavy- and light-gauge springs, wire rope, wire mesh and chain link fencing. Springs and wires are integral for manufacturing and building various goods and structures, including general construction work, automobiles, furniture, toys, electronics and other consumer products that contain wire and spring components. Since the industry relies on the overall production output of the economy, any fluctuation in the unemployment rate or consumer spending significantly impacts performance. Revenue plummeted amid the pandemic as the unemployment rate skyrocketed and consumer spending dipped. Also, nonessential business closures hampered the industry's ability to generate revenue through downstream markets since the industry provides an intermediary good. The industry has contracted at an expected CAGR of 2.0% to $10.9 billion through 2023, while profit recovered to 6.5%.

Operators in the Wire and Spring Manufacturing industry manufacture heavy- and light-gauge springs using steel and drawn wire. Operators may also manufacture other wire-based products, such as wire rope, wire mesh and chain link fencing.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market

Table of Contents

54 Pages
TABLE OF CONTENTS

ABOUT THIS INDUSTRY

Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS

Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY

Pricing

Currency Rates
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