World - Steel Springs And Leaves For Springs - Market Analysis, Forecast, Size, Trends and Insights
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World - Steel Springs And Leaves For Springs - Market Analysis, Forecast, Size, Trends and Insights

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Jan 17, 2024

World's Top Import Markets for Steel Spring

The global steel spring market has witnessed significant growth in recent years. Steel springs are an essential component in various industries, including automotive, aerospace, construction, and manufacturing. These springs are known for their durability, strength, and ability to withstand heavy loads and extreme conditions. As a result, the demand for steel springs has been steadily increasing, leading to a rise in import activities.

1. United States - Leading the Import Market

The United States stands out as the world's top importer of steel springs, with an import value of 1.4 billion USD in 2022. The country's robust industrial sector, including automotive and construction industries, drives the demand for steel springs. The import of steel springs in the United States has been steadily growing, indicating the importance of this component for various applications.

2. Germany - Emphasizing on Quality

Germany ranks second in terms of steel spring imports, with a value of 635.6 million USD in 2022. The country is well-known for its engineering expertise and high-quality manufacturing standards. German industries heavily rely on steel springs for machinery, automotive parts, and industrial equipment. Hence, the demand for steel springs in Germany remains consistently high.

3. Mexico - Thriving Manufacturing Sector

Mexico is one of the fastest-growing import markets for steel springs, with an import value of 606.2 million USD in 2022. The country's manufacturing sector, including automotive, electrical, and aerospace industries, has been flourishing in recent years. Steel springs play a crucial role in these sectors, leading to a surge in imports to meet the demand.

4. China - Dominating Steel Spring Production and Consumption

China, the world's largest steel producer, is also a significant importer of steel springs. With an import value of 506.6 million USD in 2022, the country's manufacturing sector heavily relies on steel springs for various applications. China has a robust automotive industry, along with a growing demand for machinery and construction equipment. As a result, the import of steel springs in China is expected to continue growing in the coming years.

5. Poland - Emerging Import Market

Poland has emerged as a key import market for steel springs, with a value of 286.5 million USD in 2022. The country's manufacturing sector, particularly the automotive industry, has been expanding rapidly. Steel springs are an integral part of automotive components, driving the import demand. Moreover, Poland's strategic location in Europe provides easy access to other major markets, making it an attractive destination for importers.

6. Canada - Automotive and Industrial Applications

Canada is another significant importer of steel springs, with an import value of 273.2 million USD in 2022. The country's automotive industry, as well as other industrial sectors, heavily rely on steel springs for various applications. The demand for steel springs in Canada is driven by ongoing infrastructure projects, manufacturing activities, and the need for high-quality components.

7. Czech Republic - Growing Demand in the Automotive Sector

The Czech Republic has experienced a growing demand for steel springs, particularly in the automotive sector. The country imported steel springs worth 203.5 million USD in 2022. The automotive industry in the Czech Republic has been expanding, attracting foreign investments and driving the demand for steel springs. Furthermore, the country's favorable business environment and skilled labor force make it an attractive market for steel spring imports.

8. United Kingdom - Extensive Applications

The United Kingdom imports steel springs worth 191.3 million USD in 2022. Steel springs find extensive applications in various industries in the UK, including automotive, aerospace, and manufacturing. The country's strong industrial base and ongoing infrastructure projects contribute to the demand for steel springs. However, the potential impact of Brexit on trade dynamics may influence the future import trends.

9. France - Diverse Industrial Applications

France ranks ninth in the world in terms of steel spring imports, with a value of 167.1 million USD in 2022. Steel springs are used in diverse industrial applications, including automotive, aerospace, and machinery. The country's well-established manufacturing sector and ongoing industrial activities drive the demand for steel springs.

10. Hungary - Expanding Automotive Industry

Hungary has witnessed significant growth in its automotive industry, leading to an increased demand for steel springs. The country imported steel springs worth 163.0 million USD in 2022. Hungary's favorable business environment, skilled labor force, and proximity to major markets make it an attractive import destination for steel springs.

In conclusion, the import market for steel springs is thriving globally, driven by the growing demand in various industries. The United States leads the market, followed by Germany, Mexico, China, and Poland. These countries have robust industrial sectors that heavily rely on steel springs for their operations. The IndexBox market intelligence platform provides valuable data and insights to track and analyze the trends in the global import market for steel springs.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global steel spring market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 25931613 - Iron or steel hot-worked laminated leaf-springs and leaves therefor
  • Prodcom 25931615 - Iron or steel hot-worked non-laminated leaf-springs and leaves therefor
  • Prodcom 25931617 - Iron or steel cold-formed leaf-springs and leaves therefor
  • Prodcom 25931631 - Iron or steel hot-worked helical springs
  • Prodcom 25931633 - Iron or steel cold-formed helical coil compression springs
  • Prodcom 25931635 - Iron or steel cold-formed helical coil tension springs
  • Prodcom 25931637 - Iron or steel cold-formed helical springs (excluding helical coil compression springs, helical coil tension springs)
  • Prodcom 25931653 - Iron or steel flat spiral springs
  • Prodcom 25931655 - Iron or steel discs springs
  • Prodcom 25931660 - Iron or steel springs (excluding leaf-springs and leaves therefor, helical springs, flat spiral springs, discs springs)

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Company coverage:

R&L Spring Company, All-Rite Spring Company, Apex Spring & Stamping Corporation, Coiling Technologies, Gifford Spring Company, Century Spring Manufacturing Company, Perfection Spring & Stamping, Titan Spring & Wire Products Inc., Ashfield Springs Ltd., Lesjöfors Springs GmbH, FA Krosno GmbH, Dietz GmbH, FBtec Knoche & Mork GmbH, Carl Haas GmbH spiral spring factory, KYB Europe GmbH, Dr. Werner Röhrs GmbH & Co. KG, Schomäcker Spring GmbH, Federnwerke J. P. Grueber GmbH & Co. KG, Mubea Tellerfedern GmbH, METALPOL Sp., Wytwórnia Sprężyn Precyzyjnych., Cefedro, Fedah Zakład Wyrobu Sprężyn, Mazowianka, Spring Production Plant, Precision Spring Europa S.p.A.

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY
  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam
  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023
  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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