Global Oil Tempered Spring Steel Wire Market to Reach $1.9 Billion by 2027 – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Oil Tempered Spring Steel Wire: Global Strategic Business Report” has been added to ResearchAndMarkets.com’s offering.

Global Oil Tempered Spring Steel Wire Market to Reach $1.9 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Oil Tempered Spring Steel Wire estimated at US$1.3 Billion in the year 2020, is projected to reach a revised size of US$1.9 Billion by 2027, growing at a CAGR of 5.1% over the analysis period 2020-2027. Medium Fatigue Wire, one of the segments analyzed in the report, is projected to record a 5.9% CAGR and reach US$774.7 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the High Fatigue Wire segment is readjusted to a revised 4.8% CAGR for the next 7-year period.

The U.S. Market is Estimated at $367.7 Million, While China is Forecast to Grow at 7.7% CAGR

The Oil Tempered Spring Steel Wire market in the U.S. is estimated at US$367.7 Million in the year 2020. China, the world’s second largest economy, is forecast to reach a projected market size of US$381.2 Million by the year 2027 trailing a CAGR of 7.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.4% and 4.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4% CAGR.

Other Types Segment to Record 4.3% CAGR

In the global Other Types segment, USA, Canada, Japan, China and Europe will drive the 4.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$294.6 Million in the year 2020 will reach a projected size of US$391 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$247.6 Million by the year 2027, while Latin America will expand at a 4.5% CAGR through the analysis period.

Select Competitors (Total 22 Featured) –

• Baosteel Group Corporation
• Joh. Pengg AG
• Kobe Steel Ltd.
• Neturen Co., Ltd.
• NV Bekaert SA
• POSCO
• Shinko Wire Co., Ltd.
• Shougang Corporation
• Sinosteel Zhengzhou Research Institute of Steel Wire Products Co., Ltd.
• Sugita Wire Ltd.
• Sumitomo Electric Industries Ltd.
• Suncall Corporation
• Suzuki Garphyttan AB
• Zhujihaina Special Steel Co. Ltd

What’s New for 2022?

• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies – Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to digital archives and Research Platform
• Complimentary updates for one year

   

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Influencer Market Insights
• World Market Trajectories
• Oil Tempered Spring Steel Wire – Global Key Competitors Percentage Market Share in 2022 (E)
• Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
• Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/4oqish.

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