Wire & Spring Manufacturing in the US - Industry Market Research Report
Description
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 shares.
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 shares.
Table of Contents
45 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
Search Inside Report
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
