While the recession took a toll on key downstream industries, including the auto, construction and furniture markets, industry operators will return to growth over the next five years. As disposable income levels increase and consumers return to spending, demand for wire and spring products will improve. The industry will face significant competition from low-cost imports, but revenue growth will remain stable.
Operators in this industry manufacture heavy-gauge and light-gauge springs using steel and drawn wire, in addition to manufacturing other wire-based products.
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.