
Spring
Product Description
Although the spring industry is a small sector within the entire manufacturing industry, its role is absolutely indispensable. The country's industrial manufacturing and automotive industries need to accelerate development, and as one of the basic components and parts, the spring industry requires a period of advanced development to adapt to the rapid growth of the entire national industry. Additionally, the expansion of spring product varieties and the improvement of quality levels are also necessary for the renewal of mechanical equipment and the enhancement of supporting mainframe performance. Therefore, spring products play an important role in the overall development of the national industry.
The daily necessities and hardware industries, including lighters, toys, locks, door hinges, fitness equipment, mattresses, sofas, etc., have the highest demand for springs in terms of quantity, amounting to hundreds of billions of pieces. The technical requirements are not high, and prices are very low, generally produced by small spring factories scattered across the country. They have unique advantages in cost that make it difficult for large spring factories to compete with them. This has also led to the emergence of new spring enterprises from time to time. In the future, market demand is expected to grow at a rate of 7% to 10% per year. After China joined the WTO, the export volume of daily hardware products has significantly increased, which in turn has driven demand for springs. However, influenced by international market demand and trade barriers, there is an uncertain aspect to the international market.
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