Global Metal Spring Industry Expansion is Forecast to Reach 3.8% P.A.

Date: 2015-08-13

“The expansion of the global metal spring industry is forecast to reach 3.8% p.a. in the coming years. Between 2007 and 2013 the market increased with an average annual growth of 5.3%. Currently, helical springs account for 46.4% of the global demand while the remaining market share is divided between leaf springs (29.1%) and other metal springs (24.6%).

China, Germany, Japan, Mexico and the United States represent the largest metal spring markets while the strongest annual growth is forecast to occur in Bangladesh (15.2%), Jordan (10.5%), the United States (10.4%), Bolivia (9.5%) and Kyrgyzstan (8.6%).”

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