Mirror of the Markets: news from the technical spring industry
Expometals.net presents the seventh installment of "Mirror of the Markets", a column offering professionals valuable insights into current dynamics and emerging opportunities across industries. This issue shines a spotlight on the technical springs sector, highlighting its essential role in modern infrastructure and technology.
Authored by Dipl.-Ing. Konrad Dengler, an engineer and technical journalist with extensive expertise in materials science and industrial topics, this bimonthly column examines market trends, growth drivers, regional developments, and technological advances. Each edition delivers a clear and comprehensive overview to help readers anticipate change and remain competitive in the global wire and related markets.
Technical springs: definition, processing, and applications
Technical springs are elements that store and release mechanical energy by elastically changing shape under load and returning to their original form.
Made from steel, non-ferrous metals, or special alloys, they are shaped on electronically controlled machines through cold or hot forming, followed by heat and surface treatments to improve performance.
Essential across many industries, springs play a vital role especially in automotive, engineering, medical, and energy applications. About half of global production goes into vehicles, where they are key for suspensions, engines, clutches, brakes, actuators, and interior mechanisms.
Market size of the technical spring sector
According to the market research company Grand View Research, the global spring market is valued at around USD 11.8 billion in 2024 and is expected to exceed USD 16.3 billion by 2030, growing at a CAGR of 5.6% from 2025 to 2030. Polaris Market Research reports similar figures, estimating USD 11.7 billion in 2024 and projecting growth to USD 20.4 billion by 2034, with a CAGR of 5.5%.
Trends in the spring industry: market and technology
Global spring demand is rising, fueled by end-use applications in automotive, manufacturing, and energy sectors. The Asia-Pacific region stands out for rapid growth, driven by expanding automotive production, accelerating industrialization, and a booming electronics industry, particularly in countries like China and India. With cost-efficient manufacturing and a large workforce, the region continues to attract international producers. However, unlike Europe and North America, investment in advanced materials and innovation is still at an early stage.
Advances in materials science and CAD-CAM technologies are driving innovation in the spring industry. High-strength and lightweight alloys, along with additive manufacturing, enable springs with superior performance and complex, precise geometries. These developments help manufacturers meet evolving end-user demands across diverse applications.
Springs in the age of electrification (by Daniela Di Maggio, Editor-in-Chief)
The transition to electric mobility is redefining the role of springs in automotive design. In internal combustion engine (ICE) vehicles, springs are essential components of the powertrain: valves, clutches, injectors, and actuators rely on dozens of specific springs. With the shift to electric motors (EVs), this entire section is drastically simplified: the number of components drops from over 1,500 to around 200, and in the electric powertrain, springs are virtually absent.
This shift leads to a contraction in the demand for springs in engines and transmissions. However, many applications remain unchanged: suspensions, doors, seats, and hoods still use elastic elements. Moreover, electrification introduces new requirements, such as securing battery packs, which may open up design opportunities for specialized spring manufacturers.
In some European countries, such as Germany, the impact is being felt more acutely. By contrast, the situation in Italy—as confirmed by ANCCEM (the Italian Association of Springmakers)—is somewhat mitigated by a transition that has already taken place: domestic production of valve springs has been declining for years due to the offshoring of major manufacturers. As a result, many Italian companies are already focused on technical niches or non-automotive markets.
In short, the spring industry is being called to reposition itself: fewer standard high-volume products, more custom-designed and specialized applications. The shift to electric vehicles does not eliminate demand, but it does change the rules of the game.
The technical spring sector outlook
The global technical springs market is set for steady growth, driven by the shift toward lightweight materials, rising demand for custom-engineered components, and ongoing development in the infrastructure and mobility sectors. Beyond electric vehicles, the increasing adoption of automation and miniaturized electronics—especially in the Asia-Pacific region—is boosting the need for precision and micro springs. At the same time, major investments in renewable energy and grid modernization are opening up new opportunities for corrosion-resistant and fatigue-tested spring solutions designed for high-performance applications.
Latest market reports on technical springs
(The following list does not claim to be exhaustive.)
Spring Market Size, Share & Trends Analysis Report By Type ... And Segment Forecasts, 2025 – 2030
https://www.grandviewresearch.com/industry-analysis/spring-market
Spring Market Share, Size, Trends, & Industry Analysis Report ... Forecasts, 2025 – 2034
https://www.polarismarketresearch.com/industry-analysis/spring-market
Mechanical Springs Market Analysis ... Trends, Growth and Forecast 2024-2034
https://markwideresearch.com/mechanical-springs-market/
Automotive Spring Market Size and Share Forecast Outlook 2025 to 2035
https://www.futuremarketinsights.com/reports/automotive-spring-market
Global Spring Market Size, Share, Growth Analysis Report - Forecast 2034
https://www.zionmarketresearch.com/report/spring-market
Spring Market Size ... Outlook and Forecast Report (2025–2032)
https://www.maximizemarketresearch.com/market-report/spring-market/124371/
Spring Market By Product ... Growth, Trends, and Forecasts 2025-2032
https://www.metastatinsight.com/report/spring-market
Global Metal Springs Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031
https://www.globalinforesearch.com/reports/2786935/metal-springs
Global Spring Market (2025-2031)
https://www.6wresearch.com/industry-report/global-spring-market
Global Mechanical Spring Market Overview
https://www.marketresearchfuture.com/reports/mechanical-springs-market-40209
For a broader view of the metalworking sector, readers can revisit earlier editions of Mirror of the Markets. Previous issues explored the Bars & Profiles, Tubes & Pipes, Wire & Cables, Sheet Metal, Fasteners, and Ferrous and Non-ferrous Wire industries, each highlighting market dynamics, technological progress, and application trends across the supply chain.
Stay tuned for more episodes of Mirror of the Markets. The next installment will explore the Wire Rope Industry, offering valuable insights into its market trends and developments.
