Wires, chains and springs are used either as products themselves or as components in other products. UK manufacturers tend to focus on high-value niche markets. The Chain, Spring and Wire Product Manufacturing industry is expected to generate revenue of £1.1 billion in 2015-16, down 1.3% on 2014-15. The domestic market for the industry's products is estimated to be worth £1.3 billion in 2015-16, down 0.8% on the previous year.
Industry revenue is forecast to decline at a compound annual rate of 6% over the five years through 2015-16.
Companies in this industry manufacture chain, spring and wire products, including various types of wire fencing and netting. The production of clock or watch springs and cables designed to transmit electricity is not included in the industry.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.