Aerospace And Defense Springs Market Size, Share & Trends Analysis Report By Type (Flat Spiral/Power, Coil), By Region (APAC, LATAM, North America, MEA, Europe), And Segment Forecasts, 2019 - 2025

Published: Nov, 2019 | Pages: 83 | Publisher: Grand View Research
Industry: Technology & Media | Report Format: Electronic (PDF)

The global aerospace and defense springs market size is expected to reach USD 377.7 million by 2025 and register a CAGR of 5.2% over the forecast period, according to a new report by Grand View Research, Inc. Rising demand for commercial aircraft owing to increasing passenger traffic is expected to fuel the market growth. Furthermore, increasing need for fighter jets due to growing security concerns of the nations and increasing border conflicts among Asian countries is also expected to boost the growth of the market over the forecast period.

Springs are small but a crucial part in almost all the major aerospace equipment and some of their major applications are engine controls, aircraft cabin parts, landing mechanism, flow control nozzles, and fuel filtering systems. On the basis of type, the market is segmented into flat spiral/power; coil; and torsion, torque coil, and clutch. Each spring has its own specific design and application, for instance, constant force flat springs are used to help deploy and retract the main entry door, stairs, and cargo doors while torsion springs are used in rocker switches of the aircraft.

Springs improve the performance of the equipment and also help reduce wear and tear of the system. They play an important role in efficient working of the equipment, leading to fuel saving and also facilitate easy operations of many components, especially where space is a constraint. This becomes an important factor in the aerospace and defense sector, where a lot of technological devices are to be fitted in less space.

Equipment used in the aerospace sector should have the ability to endure harsh environments. They need components that are durable and sturdy, and require minimal replacements, upgradation, or maintenance, while being highly precise in dimensions. Springs are highly resistant to pressure, require less maintenance, and have longer work life, which is why they are widely used in aerospace antennas, radar, probes, and satellites that help in navigation and are crucial for the ground service teams.

Further key findings from the report suggest:

• The market is anticipated to reach USD 377.7 million by 2025 and witness a CAGR of 5.2% on account of increasing demand for commercial aircraft and fighter jet

• By type, coil springs segment is anticipated to witness high CAGR over the forecast period ascribing to its application in wide range of components in aerospace and defense sector

• Asia Pacific is anticipated to witness high CAGR over the forecast period owing to expanding aerospace sector and MRO facilities in the region

• The aerospace and defense springs market is fragmented in nature and is dominated by companies such as, Argo Spring Manufacturing Co., Inc.; M. Coil Spring Manufacturing Company; Myers Spring Co. Inc.; Ace Wire Spring & Form Co., Inc.

 Table of Contents

Chapter 1. Methodology and Scope
                     1.1. Research Methodology
                     1.2. Research Scope & Assumptions
                     1.3. List of Data Sources
Chapter 2. Executive Summary
                     2.1. Aerospace & defense springs Regional Marketplace: Key Takeaways
Chapter 3. Aerospace & Defense Springs Market: Industry Outlook
                     3.1. Market Segmentation
                     3.2. Market Size and Growth Prospects, 2014 - 2025
                     3.3. Value Chain Analysis
                     3.4. Market Dynamics
                          3.4.1. Market driver analysis
                          3.4.2. Market restraint/challenge analysis
                          3.4.3. Market opportunity analysis
                     3.5. Penetration & Growth Prospect Mapping
                     3.6. Company Market Share Analysis, (2018)
                     3.7. Industry Analysis - Porter's
                     3.8. PEST Analysis
Chapter 4. Aerospace & Defense Springs Market: Type Outlook
                     4.1. Aerospace & defense springs Market Share by type, 2018 & 2025 (USD Million)
                     4.2. Flat Spiral / Power Springs
                          4.2.1. Market estimates and forecasts, 2014 - 2025 (USD Million)
                          4.2.2. Market estimates and forecasts by region, 2014 - 2025 (USD Million)
                     4.3. Coil springs
                          4.3.1. Market estimates and forecasts, 2014 - 2025 (USD Million)
                          4.3.2. Market estimates and forecast by region, 2014 - 2025 (USD Million)
                     4.4. Torsion, Torque Coil, & Clutch Springs
                          4.4.1. Market estimates and forecasts, 2014 - 2025 (USD Million)
                          4.4.2. Market estimates and forecast by region, 2014 - 2025 (USD Million)
                     4.5. Others
                          4.5.1. Market estimates and forecasts, 2014 - 2025 (USD Million)
                          4.5.2. Market estimates and forecast by region, 2014 - 2025 (USD Million)
Chapter 5. Aerospace & Defense Springs Market: Regional Outlook
                     5.1. Aerospace & defense springs Market share by region, 2018 & 2025 (USD Million)
                     5.2. North America
                          5.2.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                          5.2.2. Market estimates and forecast by type, 2014 - 2025 (USD Million)
                          5.2.3. U.S.
                               5.2.3.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                               5.2.3.2. Market estimates and forecast by type, 2014 - 2025 (USD Million)
                          5.2.4. Canada
                               5.2.4.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                               5.2.4.2. Market estimates and forecast by type, 2014 - 2025 (USD Million)
                     5.3. Europe
                          5.3.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                          5.3.2. Market estimates and forecast by type, 2014 - 2025 (USD Million)
                          5.3.3. U.K.
                               5.3.3.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                               5.3.3.2. Market estimates and forecast by type, 2014 - 2025 (USD Million)
                          5.3.4. Germany
                               5.3.4.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                               5.3.4.2. Market estimates and forecast by type, 2014 - 2025 (USD Million)
                          5.3.5. France
                               5.3.5.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                               5.3.5.2. Market estimates and forecast by type, 2014 - 2025 (USD Million)
                     5.4. Asia Pacific
                          5.4.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                          5.4.2. Market estimates and forecast by type, 2014 - 2025 (USD Million)
                          5.4.3. China
                               5.4.3.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                               5.4.3.2. Market estimates and forecast by type, 2014 - 2025 (USD Million)
                          5.4.4. India
                               5.4.4.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                               5.4.4.2. Market estimates and forecast by type, 2014 - 2025 (USD Million)
                          5.4.5. Japan
                               5.4.5.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                               5.4.5.2. Market estimates and forecast by type, 2014 - 2025 (USD Million)
                     5.5. Latin America
                          5.5.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                          5.5.2. Market estimates and forecast by type, 2014 - 2025 (USD Million)
                          5.5.3. Brazil
                               5.5.3.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                               5.5.3.2. Market estimates and forecast by type, 2014 - 2025 (USD Million)
                          5.5.4. Mexico
                               5.5.4.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                               5.5.4.2. Market estimates and forecast by type, 2014 - 2025 (USD Million)
                     5.6. Middle East & Africa
                          5.6.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                          5.6.2. Market estimates and forecast by type, 2014 - 2025 (USD Million)
Chapter 6. Competitive Landscape
                     6.1. Argo Spring Manufacturing Co., Inc.
                          6.1.1. Company Overview
                          6.1.2. Financial Performance
                          6.1.3. Product Benchmarking
                          6.1.4. Strategic Initiatives
                     6.2. M. Coil Spring Manufacturing Company
                          6.2.1. Company Overview
                          6.2.2. Financial Performance
                          6.2.3. Product Benchmarking
                          6.2.4. Strategic Initiatives
                     6.3. Myers Spring Co. Inc.
                          6.3.1. Company Overview
                          6.3.2. Financial Performance
                          6.3.3. Product Benchmarking
                          6.3.4. Strategic Initiatives
                     6.4. Ace Wire Spring & Form Co., Inc.
                          6.4.1. Company Overview
                          6.4.2. Financial Performance
                          6.4.3. Product Benchmarking
                          6.4.4. Strategic Initiatives
                     6.5. Vulcan Spring & Mfg. Co.
                          6.5.1. Company Overview
                          6.5.2. Financial Performance
                          6.5.3. Product Benchmarking
                          6.5.4. Strategic Initiatives
                     6.6. Myers Spring Co. Inc.
                          6.6.1. Company Overview
                          6.6.2. Financial Performance
                          6.6.3. Product Benchmarking
                          6.6.4. Strategic Initiatives
                     6.7. EBSCO Spring Co.
                          6.7.1. Company Overview
                          6.7.2. Financial Performance
                          6.7.3. Product Benchmarking
                          6.7.4. Strategic Initiatives
                     6.8. Rowley Spring & Stamping Corp.
                          6.8.1. Company Overview
                          6.8.2. Financial Performance
                          6.8.3. Product Benchmarking
                          6.8.4. Strategic Initiatives
                     6.9. Nordia Springs Ltd
                          6.9.1. Company Overview
                          6.9.2. Financial Performance
                          6.9.3. Product Benchmarking
                          6.9.4. Strategic Initiatives
                     6.10. John Evans' Sons Inc.
                          6.10.1. Company Overview
                          6.10.2. Financial Performance
                          6.10.3. Product Benchmarking
                          6.10.4. Strategic Initiatives

List of Tables

Table 1 List of abbreviations
Table 2 Aerospace & defense springs Market - Industry snapshot & key buying criteria, 2014 - 2025
Table 3 Aerospace & defense springs Market, 2014 - 2025 (USD Million)
Table 4 Aerospace & defense springs Market, by region, 2014 - 2025 (USD Million)
Table 5 Aerospace & defense springs Market, by type, 2014 - 2025 (USD Million)
Table 6 Flat Spiral/Power Springs Aerospace & defense springs Market, 2014 - 2025 (USD Million)
Table 7 Flat Spiral/Power Springs Aerospace & defense springs Market, by region, 2014 - 2025 (USD Million)
Table 8 Coil springs segment Market, 2014 - 2025 (USD Million)
Table 9 Coil springs segment Market, by region, 2014 - 2025 (USD Million)
Table 10 Torsion, Torque Coil, & Clutch Springs Aerospace & defense springs Market, 2014 - 2025 (USD Million)
Table 11 Torsion, Torque Coil, & Clutch Springs Aerospace & defense springs Market, by region, 2014 - 2025 (USD Million)
Table 12 Other Aerospace & defense springs Market, 2014 - 2025 (USD Million)
Table 13 Others Aerospace & defense springs Market, by region, 2014 - 2025 (USD Million)
Table 14 North America Aerospace & defense springs Market, 2014 - 2025 (USD Million)
Table 15 North America Aerospace & defense springs Market, by type, 2014 - 2025 (USD Million)
Table 16 U.S. Aerospace & defense springs Market, 2014 - 2025 (USD Million)
Table 17 U.S. Aerospace & defense springs Market, by type, 2014 - 2025 (USD Million)
Table 18 Canada Aerospace & defense springs Market, 2014 - 2025 (USD Million)
Table 19 Canada Aerospace & defense springs Market, by type, 2014 - 2025 (USD Million)
Table 20 Europe Aerospace & defense springs Market, 2014 - 2025 (USD Million)
Table 21 Europe Aerospace & defense springs Market, by type, 2014 - 2025 (USD Million)
Table 22 U.K. Aerospace & defense springs Market, 2014 - 2025 (USD Million)
Table 23 U.K. Aerospace & defense springs Market, by type, 2014 - 2025 (USD Million)
Table 24 Germany Aerospace & defense springs Market, 2014 - 2025 (USD Million)
Table 25 Germany Aerospace & defense springs Market, by type, 2014 - 2025 (USD Million)
Table 26 France Aerospace & defense springs Market, 2014 - 2025 (USD Million)
Table 27 France Aerospace & defense springs Market, by type, 2014 - 2025 (USD Million)
Table 28 Asia Pacific Aerospace & defense springs Market, 2014 - 2025 (USD Million)
Table 29 Asia Pacific Aerospace & defense springs Market, by type, 2014 - 2025 (USD Million)
Table 30 China Aerospace & defense springs Market, 2014 - 2025 (USD Million)
Table 31 China Aerospace & defense springs Market, by type, 2014 - 2025 (USD Million)
Table 32 India Aerospace & defense springs Market, 2014 - 2025 (USD Million)
Table 33 India Aerospace & defense springs Market, by type, 2014 - 2025 (USD Million)
Table 34 Japan Aerospace & defense springs Market, 2014 - 2025 (USD Million)
Table 35 Japan Aerospace & defense springs Market, by type, 2014 - 2025 (USD Million)
Table 36 Latin America Aerospace & defense springs Market, 2014 - 2025 (USD Million)
Table 37 Latin America Aerospace & defense springs Market, by type, 2014 - 2025 (USD Million)
Table 38 Brazil Aerospace & defense springs Market, 2014 - 2025 (USD Million)
Table 39 Brazil Aerospace & defense springs Market, by type, 2014 - 2025 (USD Million)
Table 40 Mexico Aerospace & defense springs Market, 2014 - 2025 (USD Million)
Table 41 Mexico Aerospace & defense springs Market, by type, 2014 - 2025 (USD Million)
Table 42 Middle East & Africa Aerospace & defense springs Market, 2014 - 2025 (USD Million)
Table 43 Middle East & Africa Aerospace & defense springs Market, by type, 2014 - 2025 (USD Million)

List of Figures

FIG. 1 Research process
FIG. 2 Information procurement
FIG. 3 Aerospace & defense springs regional marketplace: Key takeaways
FIG. 4 Aerospace & defense springs - Market segmentation & scope
FIG. 5 Aerospace & defense springs - Market size and growth prospects, 2014 - 2025 (USD Million)
FIG. 6 Aerospace & defense springs - Value chain analysis
FIG. 7 Aerospace & defense springs - Market dynamics
FIG. 8 Aerospace & defense springs - Market driver relevance analysis (Current & future impact)
FIG. 9 Aerospace & defense springs - Market restraint/challenge relevance analysis (Current & future impact)
FIG. 10 Aerospace & defense springs - Market opportunity relevance analysis (Current & future impact)
FIG. 11 Aerospace & defense springs - Penetration & growth prospect mapping
FIG. 12 Aerospace & defense springs - Porter's analysis
FIG. 13 Aerospace & defense springs - PEST analysis
FIG. 14 Global Aerospace & defense springs type outlook, 2018 & 2025
FIG. 15 Global Aerospace & defense springs regional outlook, 2018 & 2025
FIG. 16 North America Aerospace & defense springs market - Key takeaways
FIG. 17 Europe Aerospace & defense springs market - Key takeaways
FIG. 18 Asia Pacific Aerospace & defense springs market - Key takeaways
FIG. 19 Latin America Aerospace & defense springs market - Key takeaways
FIG. 20 Middle East & Africa Aerospace & defense springs market - Key takeaways