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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 | Apr 2016

Steely performance: Despite competitive pressures, the industry is set to grow as the economy improves

IBISWorld’s Chain, Spring & Wire Product Manufacturing market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

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 12-17
-4.9%
Annual Growth 17-22
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Profit
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Employment
8,791
Businesses
431
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 £1.1 billion in 2016-17, up 0.8% on 2015-16. The domestic market for the industry's products is estimated to be worth £1.3 billion in 2016-17, down 0.2% on the previous year.

Industry revenue is forecast to decline at a compound annual rate of 4.9% over the five years through 2016-17. During the past five years, profitability has been negatively affected by the higher prices of metal inputs, lower demand, and competitive pressure on average unit selling prices... purchase to read more

Industry Report - Industry Analysis Chapter

The UK Chain, Spring and Wire Manufacturing industry has undergone a turbulent period over the past five years. The industry is heavily dependent on demand from downstream construction, motor vehicle and aerospace manufacturers. As a result, many chain, spring and wire manufacturers were negatively affected by the subdued economic conditions that characterised much of the period. Poor performance in the manufacturing sector negatively affected demand for the industry's products for much of the period. Weak conditions in the construction sector, in addition to fluctuations in steel prices, further exacerbated the industry's woes. IBISWorld expects industry revenue to decline at a compound annual rate of 4.9% over the five years through 2016-17, to reach £1.1 billion.

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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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