Spring and wire product manufacturing market comprises establishments primarily engaged in manufacturing steel springs by forming, such as cutting, bending, and heat winding, metal rod or strip stock and/or manufacturing wire springs and fabricated wire products from wire drawn elsewhere (except watch and clock springs).
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The global spring and wire product manufacturing market was valued at $465 billion in 2017, and is expected to be driven by the increase in spending on construction hence driving the growth of spring and wire product manufacturing market. Asia Pacific was the largest geographic region in the market, accounting for almost 50% of the global market share.
The global spring and wire product manufacturing market in The Business Research Company’s report is spilt into two segments: spring manufacturing and other fabricated wire product manufacturing.
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China was the largest country in the market, accounting for 30% of the global spring and wire product manufacturing market.
The top five competitors in the market are All-Rite Spring Company, Bridon International Ltd, National Spring, Siddal And Hilton Products Ltd, and Wire Products Company. All-Rite Spring Company is the largest player in the market. All-Rite Spring Company manufactures and designs steel springs product. It serves agriculture, furniture, electrical and other sectors in the State of Illinois.
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