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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

The Chain, Spring & Wire Product Manufacturing market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

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
Annual Growth 13-18
Annual Growth 18-23
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Industry Threats & Opportunities
  • Industry revenue has declined for the majority of the period, due to strong import penetration
  • Recent improvements in construction markets have helped to limit the industry’s overall decline
  • Demand is expected to increase further as construction markets continue to recover
  • ... purchase to read more

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 Investment Chapter

The industry has a medium level of capital intensity, and this has not been subject to much fluctuation over the past five years. Labour costs are relatively high in the industry. For every £1.00 spent on labour, £7.35 is spent on capital. This is a relatively high-technology industry, involving the use of highly skilled employees for production, sales, research and development. While productivity initiatives have helped to lower labour costs, a shift away from commodity products and towards high value-added products has had the opposite effect. High labour costs have resulted in some companies shifting production operations or outsourcing production to countries where labour costs are lower, particularly for commodity products. Capital costs are moderate to high. Dif.. purchase to read more

Additional Insights for the Chain, Spring & Wire Product Manufacturing Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Chain, Spring & Wire Product Manufacturing Industry are

  • Ability to expand and curtail operations rapidly in line with market demand
  • Development of new products
  • Prompt delivery to market
  • IBISWorld analysts also discuss how external factors such as Total value of construction and Industrial production index in the Chain, Spring & Wire Product Manufacturing industry impact industry performance... purchase to read more


    Industry ProductsRelated Reports

    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

    Table of Contents
    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Total value of construction
  • Industrial production index
  • MSCI World Index
  • World price of crude oil
  • World price of steel
  • Current Performance
  • Constrained performance
  • Construction markets
  • International developments
  • Employment trends
  • Chart: Revenue Growth
  • Industry Outlook
  • Efficiency improvements
  • Environmental measures
  • EU referendum
  • Developing economies
  • Table: Chain, Spring & Wire Product Manufacturing Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Chain, Spring & Wire Product Manufacturing Industry Lifecycle vs The Economy
  • Products & Markets
    Supply Chains
  • Key Buying Industries
  • Iron & Steel Manufacturing
  • Copper Production
  • Other Non-Ferrous Metal Production
  • Key Selling Industries
  • Agriculture, Forestry and Fishing
  • Construction
  • Fastener & Screw Machine Product Manufacturing
  • Manufacturing
  • Mattress Manufacturing
  • Mining and Quarrying
  • Motor Vehicle Manufacturing
  • Other Furniture Manufacturing
  • Tyre Manufacturing
  • Products & Services
  • Stranded wire, rope and cable
  • Welded and woven wire grill, netting and fencing
  • Springs
  • Other wire
  • Chain
  • Chart: Chain, Spring & Wire Product Manufacturing Industry Products and Services Segmentation
  • Demand Determinants
  • Construction
  • Mining, oil and gas extraction industries
  • Other
  • Major Markets
  • Construction sector
  • Other manufacturers
  • Transportation equipment manufacturers and suppliers
  • Mining, oil and gas extraction industries
  • Furniture manufacturers
  • Agriculture and forestry industries
  • Chart: Major Market Segmentation for the Chain, Spring & Wire Product Manufacturing Industry
  • International Trade
    Business Locations
  • Chart: Business Locations by State
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wage costs
  • Rent, utilities, depreciation and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Chain, Spring & Wire Product Manufacturing
  • Basis of Competition
  • Internal competition
  • External competition
  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Chain, Spring & Wire Product Manufacturing Industry
  • Industry Globalization
    Major Companies
    Bridon International Limited
    BRC Ltd
    Wrexham Wire Ltd
  • Table: Bridon International Limited - financial performance
  • Table: BRC Ltd - financial performance
  • Table: Wrexham Wire Ltd - financial performance
  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Chain, Spring & Wire Product Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success
  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth
  • Regulation & Policy
    Industry Assistance
    Key Statistics
  • Table: Industry Data for the Chain, Spring & Wire Product Manufacturing Industry
  • Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Jargon & Glossary
    Merchant Bar
  • Commodity metal that has been shaped into strips or round or flat shapes. Downstream producers then model it into various products.
  • Torsion Spring
  • A spring that works by torsion or twisting. The amount of force (or torque) it exerts is proportional to the amount it is twisted.
  • Wire Drawing
  • The process by which the wire is stretched and shaped.

  • Why Buy this Report?
    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Chain, Spring & Wire Product Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Chain, Spring & Wire Product Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Chain, Spring & Wire Product Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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