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Chain, Spring & Wire Product Manufacturing in the UK: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Chain, Spring & Wire Product Manufacturing Market Research Report | SIC C25.930 | May 2017

Spring in the step: Revenue is expected to rise in 2017-18 after a period of significant decline

IBISWorld’s Chain, Spring & Wire Product Manufacturing market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
BRC Ltd BRC Ltd market share
Bridon International Limited Bridon International Limited market share
Wrexham Wire Ltd Wrexham Wire Ltd market share
Industry Statistics & Market Size
Revenue
£1bn
Annual Growth 13-18
-3.3%
Annual Growth 18-23
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Profit
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Employment
8,773
Businesses
426
Industry Analysis & Industry Trends

Wires, chains and springs are used either as products themselves or as components in other products. UK manufacturers tend to focus on high-value niche markets. The Chain, Spring and Wire Product Manufacturing industry is expected to generate revenue of just under £1.2 billion in 2017-18, up 1.2% on 2016-17. The domestic market for the industry’s products is estimated to be worth £1.3 billion in 2017-18, up 1.3% on the previous year.

Industry revenue is forecast to decline at a compound annual rate of 3.3% over the five years through 2017-18. During the past five years, profitability has been negatively affected by high prices of metal inputs, lower demand, and competitive pressure on average unit selling prices... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

A number of factors indicate the industry has entered the decline phase of its life cycle. Industry value added (IVA) will decrease at a compound annual rate of 1.7% in the 10 years through 2022-23, while GDP increases at a compound annual rate of 2% over the same period. Industry investment has been low over the five years through 2017-18, although ONS data suggests that net capital expenditure is beginning to increase again. This is expected to lead to increased efficiency and improve IVA performance.

Globally, manufacturing activity is shifting from advanced, high-cost countries, such as the United Kingdom, to low-cost countries. This is likely to reduce the demand for wire, springs and chains in advanced countries. Som.. purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Chain, Spring & Wire Product Manufacturing Industry?

Companies in this industry manufacture chain, spring and wire products, including various types of wire fencing and netting. The production of clock or watch springs and cables designed to transmit electricity is not included in the industry.

Industry Products
Welded and woven wire grill, netting and fencingStranded wire, rope and cableOther wireSpringsChain
 
Industry Activities
Metal cable, plaited band and similar article manufactureuninsulated metal cable or insulated cable not capable of use as an electricity conductor Coated or cored wire manufacturearticles made from wirecoated electrodes for electric arc welding Nail and pin manufactureSpring manufactureChain manufacture


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