United States Torsion Coil Springs Market was valued at USD 0.9 Billion in 2022 and is projected to reach USD 1.4 Billion by 2030, growing at a CAGR of 6.1% from 2024 to 2030.
The US Torsion Coil Springs Market has been gaining substantial traction as industries demand more specialized, durable, and high-performance components. These coil springs, primarily used to store rotational energy, play a pivotal role in various sectors, including automotive, aerospace, and industrial manufacturing. Their capacity to withstand twisting forces makes them crucial for applications ranging from suspension systems to mechanical systems in everyday appliances.
In the US, the demand for torsion coil springs is primarily driven by advancements in the automotive industry. With vehicle manufacturers focusing on lightweight designs without compromising performance, torsion coil springs offer an ideal solution. Their compact size and ability to handle high stresses make them indispensable in vehicle suspension systems, clutches, and other mechanical components that require consistent force exertion. In 2023, the automotive sector accounted for a significant portion of the total market share, with projections showing continued growth in the coming years.
Aside from the automotive sector, the aerospace industry is another key player in the torsion coil springs market. As aircraft manufacturers look for materials that provide strength while minimizing weight, torsion coil springs fit the bill. These springs are used in landing gears, door mechanisms, and various other mechanical systems within aircraft, which require durability and precision. The increasing demand for both commercial and military aircraft is expected to drive the market further, creating opportunities for suppliers to innovate and provide high-quality springs for specialized applications.
Additionally, industries such as construction, agricultural machinery, and electronics also rely heavily on torsion coil springs for their robust mechanical properties. From agricultural equipment to high-performance consumer electronics, torsion springs support a wide range of applications that require high force with minimal space. As demand for such products grows, so does the need for more advanced, precision-engineered torsion springs.
The US Torsion Coil Springs Market continues to evolve, and businesses in this space are constantly innovating to meet the diverse needs of various industries. The market is expected to expand significantly, driven by technological advancements and the increasing demand for lightweight, durable, and high-performance materials in critical systems.
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GKN
Sogefi Group
Mubea Fahrwerksfedern GmbH
Mitsubishi Steel
Federal-Mogul
Lesjöfors AB
NHK Spring
Kilen Springs
Hyperco
Betts Spring
Fuda Group
LIHUAN
JinYing
Yutian Hengtong
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the US Torsion Coil Springs Market
Automotive
Aerospace
Industrial Machinery
Consumer Electronics
Medical Devices
Stainless Steel
Carbon Steel
Alloy Steel
Plastic
Titanium
Miniature Torsion Springs
Small Torsion Springs
Medium Torsion Springs
Large Torsion Springs
Custom Size Torsion Springs
Left-Hand Torsion Springs
Right-Hand Torsion Springs
Double Torsion Springs
Single Torsion Springs
Specialty Torsion Springs
Transportation
Construction
Agriculture
Energy
Telecommunications
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the US Torsion Coil Springs Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. US Torsion Coil Springs Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Torsion Coil Springs Market, By Type
6. US Torsion Coil Springs Market, By Application
7. US Torsion Coil Springs Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US Torsion Coil Springs Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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