Wire and spring manufacturers produce various fabricated metal products, including heavy- and light-gauge springs, wire rope, wire mesh and chain link fencing. Springs and wires are integral for manufacturing and building various goods and structures, including general construction work, automobiles, furniture, toys, electronics and other consumer products that contain wire and spring components. Since the industry relies on the overall production output of the economy, any fluctuation in the unemployment rate or consumer spending significantly impacts performance. Revenue plummeted amid the pandemic as the unemployment rate skyrocketed and consumer spending dipped. Also, nonessential business closures hampered the industry's ability to generate revenue through downstream markets since the industry provides an intermediary good. The industry has contracted at an expected CAGR of 2.0% to $10.9 billion through 2023, while profit recovered to 6.5%. Operators in the Wire and Spring Manufacturing industry manufacture heavy- and light-gauge springs using steel and drawn wire. Operators may also manufacture other wire-based products, such as wire rope, wire mesh and chain link fencing. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.Spring forward: Steady declines in new car sales will continue weighing on the industry and hampering growth
Table of Contents
ABOUT THIS INDUSTRY
INDUSTRY PERFORMANCE
PRODUCTS & MARKETS
COMPETITIVE LANDSCAPE
OPERATING CONDITIONS
KEY STATISTICS
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Trane Technologies Plc
- Carrier Global Corporation
- Johnson Controls International Plc
- Gentherm Incorporated
- Lennox International Inc.
- AP Moller - Maersk Group
- Harbor Freight Tools Usa, Inc.
- Daikin Industries Ltd
- System Inc.
- Nederman Holding AB
- Legacy Chiller Systems Inc.
- Camfil
- True Manufacturing Co. Inc.
- Donaldson Company, Inc.
- Morris Group International Inc.
- Petra Engineering Industries Co.
- Mann+Hummel GmbH
- NIBE Industrier AB
- Aaon, Inc.
- Delta Electronics, Inc.
- Elkay Manufacturing Company
- Hoshizaki Corporation
- Lasko Products LLC
- Helen of Troy Limited
- Protect Plus Air Holdings, Llc
- Helmer, Inc.
- Everidge, Inc.
- Klinge Corporation
- The Bard Manufacturing Company, Inc.
- American Warming and Ventilating
- Arnold Refrigeration Inc.
- Allied Supply Company, Inc.
- Craig Industries Inc.
- Bunn-O-Matic Corporation
- Illinois Blower Inc.
- D & K Group, Inc.
- Excel Dryer Inc.
- Oasis International Inc.
- Jan-Air Inc.
- SRC Refrigeration Inc.
- Climatic Testing Systems, Inc.
- Motivair Corporation
- Cool-Rite Cooler Company Inc.
- Arctic Industries Inc.
- Uline, Inc.
- AGET Manufacturing Co.
- Mitsubishi Electric Corp
- Sylvane, Inc.
- Austin Air Systems Limited
- Dry Coolers Inc.
- Emco Corporation
- Filtrine Manufacturing Company
- Exair Corporation
- Paloma Co. Ltd.
- Petersen Manufacturing Company Inc.
- Mediclinics S.A.
- The Baker Company, Inc.
- TPI Corporation
- Haws Corporation
- Mars Air Systems LLC
- Powered Aire Inc.
- Kully Supply Inc.
- Air Science USA LLC
- Carrier Process Equipment Group, Inc.
- US Cooler
- Foxx Equipment Company
- Nv5 Global, Inc.
- Chase Doors
- ASI American Specialties Inc.
- KCH Services Inc.
- Delta T LLC
- Polypipe Group plc
- Air Master Systems Corp.
- Baileigh Industrial Holdings LLC
Methodology
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