Industry Analysis & Industry Trends
Wire, chains and springs are pervasive, either as final products or as components in other products. UK manufacturers tend to focus on those products that address high-value niche markets.
The Chain, Spring and Wire Product Manufacturing industry is expected to generate revenue of £1.43 billion in 2012-13, up 1.2% from 2011-12. The domestic market for industry products is estimated to total £1.4 billion in 2012-13, up 1.0% from domestic demand in the previous year.
Industry revenue is expected to decrease at an annualised real rate of 4.9% in the five years through 2012-13. Industry profitability will be hurt by lower revenue and competitive pressures on average unit selling prices due to increases in the prices of metal inputs and energy... purchase to read more
Industry Report - Industry Investment Chapter
The industry has a medium level of capital intensity. Labour costs are relatively high in this industry. This is a relatively high-technology industry, involving the use of highly skilled employees for production, sales, research and development. High labour costs have resulted in some companies shifting production operations or outsourcing production to countries where labour costs are lower. Capital costs are moderate to high. Different types of machines are used for a number of activities including wire drawing, wire stranding, wire meshing and spring coiling... purchase to read more