Manufacturing Components

Springs: Market Size, Growth & Forecast to 2030

The Springs market is valued at about $13.17 billion (2026) and is projected to grow at a 5.7% CAGR through 2030. The largest cost driver is Steel wire and raw material feedstocks (48% of spend). Asia Pacific leads demand at 42%.

Market size
$13.2 bn (2026)
CAGR to 2030
+5.7%
Buyer power
Favours buyers
Tracked suppliers
450
Projected market growth (index, 2026 = 100)
Base year 2026
Official data · Claight projectionForecast
Market size index, 2026 = 100, at the 5.7% CAGR.
Forecast
2026
2027
2028
2029
2030
2031
2026 base: 1002031 est: 132

Cost structure

Steel wire and raw material feedstocks
48%
Manufacturing energy and heat treatment
18%
Direct labor and precision engineering
16%
Outbound logistics and specialized packaging
10%
Overhead and quality testing equipment
8%

Regional demand split

Asia Pacific demand
42%
Europe demand
26%
North America demand
22%
Rest of world demand
10%

Key suppliers

Stabilus SEBarnes Group IncNHK Spring Co LtdLesjofors ABSmalley Steel Ring CompanyMW Components
Read the full Springs report →

Claight market analysis of proprietary and public data. Full report: /category-intelligence/springs