THELASTMILE Logistics Outside the Box
Springs are fundamental to modern life—your car, your pens, your home, and so much more rely on springs to function. The demand for springs remains high in nearly every industry, and manufacturers must find a constant and reliable source of springs for their products.
SPRINGING UP The wire & spring manufacturing market size by revenue is $10.2 billion as of 2022, and is expected to increase 3.7% this year. LOGISTICS RIDES ON SPRINGS Industrial machinery, transportation equipment, airplanes, trains, and other durable goods manufacturers are key markets for springs—every truck, railcar, ocean liner, and port relies on springs to operate. HOME-SPRUNG SPRINGS There are 1,000+ companies in the wire & spring industry, with 924 businesses in the United States as of 2022. California (110 businesses), Illinois (103 businesses) and Texas (85 businesses) are home to the largest number of wire & spring manufacturing businesses. CAR SPRING SALE The average car has 350+ torsion springs, none of which are used in the suspension system.
THINGS WITH SPRINGS Check out these common products with springs that you might not expect: - Mattresses and furniture - Smartphones - Monitors/TVs - Refrigerators, ovens, and microwaves - Watches - Exercise equipment - Retractable pens/pencils - Guitars, pianos, and other instruments - Garage doors - Nearly every kind of button
Sources: IBISWorld, MarketResearch.com, Transparency Market Research
112 Inbound Logistics • May 2022
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