Global Stainless Steel Spring Wire Market Are Expected To Grow At A CAGR Of 2.06% From 301.97 Million USD In 2017
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Stainless steel spring wires are economic, general purpose wires that provide high tensile strength coupled with good to superior corrosion resistance and magnetic properties.
The Stainless Steel Spring Wire are expected to grow at a CAGR of 2.06% from 301.97 million USD in 2017 to reach 355.62 million USD by 2025 in global market. The Stainless Steel Spring Wire market is very concerted market; the revenue of top fourteen manufacturers accounts about 66% of the total revenue in 2017. The high-end products mainly come from USA and Europe.
The leading manufactures mainly are Nippon Steel & Sumikin, Nippon Seisen, Sandvik, KOS and Gibbs?Wire?&?Steel. Nippon Steel & Sumikin is the largest manufacturer; its revenue of global market exceeds 14% in 2017.
Geographically, the global Stainless Steel Spring Wire market has been segmented into North America, Europe, China, Japan, Korea, RoA and RoW. The Europe held the largest share in the global market, its revenue of global market exceeds 28% in 2017. The next is Japan.