Growing tension: Strong import competition and rising input costs have affected the industry

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 as imports dominate cheaper products. The industry is heavily dependent on demand from downstream construction, motor vehicle and aerospace manufacturers. Low demand from construction markets at the start of the past five-year period caused industry revenue to fall by 10.4% in 2014-15. Demand from key markets has improved since then, which has slowed the pace of revenue decline. However, import competition has remained high and subdued demand from oil and gas extractors has weighed on industry performance over the past five years. Industry revenue is expected to decrease at a compound annual rate of 2% to £ more.

Industry Statistics & Market Size
Annual Growth 14-19
Forecast Growth 19-24

Industry Threats & Opportunities

  • Slowing demand from construction due to economic uncertainty is likely to limit growth
  • One key driver of increased construction activity is the Help to Buy scheme
  • The weak pound is expected to place upward pressure on purchase costs, limiting industry profitability
  • Industry Report - Industry Locations Chapter

    Businesses in the industry tend to operate near steel suppliers and major customer bases, such as automotive and aerospace manufacturers. Historical factors can also influence the location of a manufacturing facility. For instance, the founder of a steel container business may have placed the company in the region where they lived.The West Midlands and YorkshireThe most important regions in this industry are the West Midlands, accounting for 25.8% of establishments in the United Kingdom, and Yorkshire, which accounts for 12.4% of industry establishments. The West Midlands has a large manufacturing base, including a significant automotive sector. Yor...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..

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    What's in this report

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

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

    Industry Products
  • Welded and woven wire grill, netting and fencing
  • Stranded wire, rope and cable
  • Other wire
  • Springs
  • Chain
  • Industry Activities
  • Manufacturing metal cables, plaited bands and similar articles
  • Manufacturing uninsulated metal cables or insulated cables not capable of use as electricity conductors
  • Manufacturing coated or cored wire
  • Manufacturing articles made from wire
  • Manufacturing coated electrodes for electric arc welding
  • Manufacturing nails and pins
  • Manufacturing springs
  • Manufacturing chains
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    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
  • Import competition
  • Employment trends
  • Chart: Revenue Growth

  • Industry Outlook
  • Domestic demand
  • Trading on
  • Still energetic
  • 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

  • Supply Chains
    Key Buying Industries
  • Iron & Steel Manufacturing
  • Copper Production
  • Other Non-Ferrous Metal Production

  • Key Selling Industries
  • Agriculture, Forestry and Fishing
  • 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
  • Other

  • Major Markets
  • Construction sector
  • Other manufacturers
  • Transportation equipment manufacturers and suppliers
  • Mining, oil and gas extraction industries
  • Agriculture and forestry industries
  • Furniture manufacturers
  • Chart: Major Market Segmentation for the Chain, Spring & Wire Product Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    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
    BRC Ltd, Bridon International Limited,
  • Table: BRC Ltd - financial performance
  • Table: Bridon International Limited - financial performance

  • 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
    Table: Industry Data for the Chain, Spring & Wire Product Manufacturing Industry
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Exports (2010-2024)
  • Imports (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
  • A chemical product derived from petroleum.
  • 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.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Chain, Spring & Wire Product Manufacturing market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

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    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 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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