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2025 U.S. Industry Statistics & Market Forecast - Spring Manufacturing
Market Size & Industry Statistics
The total U.S. industry market size for Spring Manufacturing:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
| Statistics | 2020 2021 2022 2023 2024 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
| Forecast / Industry Outlook | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| Market Forecast ($ millions) | |||||
| Projected Industry Growth Rate (%) | |||||
Industry Insights
Major trends affect the Spring Manufacturing industry include:- Increased adoption of automation and robotics
- Growing demand for precision-engineered springs
- Expansion of the automotive and aerospace sectors
- Introduction of advanced materials like high-carbon steel and titanium
- Stringent environmental and safety regulations
- Rising need for custom spring solutions
- Integration of IoT for equipment maintenance and monitoring
- Shift towards sustainable and eco-friendly manufacturing practices
- Increased competition from low-cost manufacturers
- Enhancement in R&D for improving product durability and performance
- Demand volatility due to economic fluctuations
- Growing use of 3D printing in prototype development and production
U.S. Geographic Distribution: Revenue Statistics by State
Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.
Income Statement (Average Financial Metrics)
Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.| Industry Average | Percent of Sales (Industry Benchmark) |
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|---|---|---|
| Total Revenue | Order at top of page |
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| Operating Revenue | ||
| Cost of Goods Sold | ||
| Gross Profit | ||
Operating Expenses | ||
| Pension, profit sharing plans, stock, annuity | ||
| Repairs | ||
| Rent paid on business property | ||
| Charitable Contributions | ||
| Depletion | ||
| Domestic production activities deduction | ||
| Advertising | ||
| Compensation of officers | ||
| Salaries and wages | ||
| Employee benefit programs | ||
| Taxes and Licenses | ||
| Bad Debts | ||
| Depreciation | ||
| Amortization | ||
| Other Operating Expenses | ||
| Total Operating Expenses | ||
| Operating Income | ||
| Non-Operating Income | ||
| EBIT (Earnings Before Interest and Taxes) | ||
| Interest Expense | ||
| Earnings Before Taxes | ||
| Income Tax | ||
| Net Profit Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Spring Manufacturing company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.| Profitability & Valuation Ratios | Industry Average |
|---|---|
| Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Spring Manufacturing industry is performing. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
|
| Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings). |
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| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Spring Manufacturing measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
|
| Liquidity Ratios | Industry Average |
|---|---|
| Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
| Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
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| Efficiency Ratios - Key Performance Indicators | Industry Average |
|---|---|
| Measure how quickly products and services sell, and effectively collections policies are implemented. | |
| Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
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| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
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Compensation & Salary Surveys for Employees
Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 6% | Order at top of page |
||
| Chief Executives | 0% | |||
| General and Operations Managers | 3% | |||
| Office and Administrative Support Occupations | 9% | |||
| Production Occupations | 59% | |||
| Assemblers and Fabricators | 11% | |||
| Miscellaneous Assemblers and Fabricators | 8% | |||
| Metal Workers and Plastic Workers | 29% | |||
| Machine Tool Cutting Setters, Operators, and Tenders, Metal and Plastic | 7% | |||
| Machinists | 8% | |||
| Machinists | 8% | |||
| Welding, Soldering, and Brazing Workers | 8% | |||
| Welders, Cutters, Solderers, and Brazers | 8% | |||
| Other Production Occupations | 14% | |||
| Computer Numerically Controlled Tool Operators and Programmers | 5% | |||
| Transportation and Material Moving Occupations | 6% | |||
Spring Manufacturing Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Spring Manufacturing industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Spring Manufacturing industry and adjacent sectors:| Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
| Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Spring Manufacturing industry. |
Source:
Latest Industry News
- The coder ‘village’ at the heart of China’s AI frenzy - As China vies with Silicon Valley for primacy, Hangzhou, home to DeepSeek and Alibaba, is where its aspiring tech titans mingle and share ideas. (07/07/2025)
- While Texas bets on a ‘nuclear renaissance,’ some doubt the payout will come - On a recent spring afternoon, Aalo Atomics’ cavernous manufacturing space in Southwest Austin was quiet. Staffers had shut down the machines on the shop floor as they prepared to unveil (06/28/2025)
- Amazing Leaf Spring Manufacturing: Expert Tips for Quality and Precision - MSN - Manufacturing leaf springs requires precision, skill, and the right techniques to create high-quality, durable components that can handle the weight and pressure of vehicles. In this video, we ... (06/18/2025)
- Hartselle High wins grant from 2025 Mazda Toyota Manufacturing Spring Fund - Hartselle High will create a new Mobile Stem Lab with the money it received from a Mazda Toyota Manufacturing grant. (06/17/2025)
- Malaysia’s Spring Semiconductor, T-Consult to train 10,000 Telangana youth in semiconductor design, manufacturing by 2030 - Telangana's IT minister announced that ARM Holdings is considering investing in the state, while Spring Semiconductors plans to train 10,000 local youth in semiconductor manufacturing and design ... (06/12/2025)
- General Motors to add Mexico-built Chevrolet Blazer to Tennessee production line in 2027 - General Motors will invest $4 billion in three U.S. manufacturing sites over the next two years to prepare for changing production slated to begin in 2027. Two popular Chevrolet models also will move to U.S. plants, including the Spring Hill, Tenn. factory, from Mexico as part of the shift. (06/11/2025)
- GM expands U.S. production at plants in Tennessee, Michigan, Kansas | Manufacturing | nashvillepost.com - General Motors is ramping up U.S. production of gas and electric vehicles to the tune of $4 billion at three plants, including its Spring Hill Manufacturing facility in Tennessee. With plans to ... (06/11/2025)
- GM pledges $4 billion in new U.S. manufacturing investments - General Motors will invest $4 billion in three U.S. manufacturing sites over the next two years to prepare for changing production slated to begin in 2027. (06/10/2025)
- St. Augustine industrial parcel changes hands for $2.6M - A parcel of St. Johns manufacturing land sold to an LLC associated with an industrial company across the street. (05/23/2025)
- Sargento announces plan to move manufacturing to new facility in Plymouth - Sargento plans to move manufacturing operations from the Plymouth HQ to a new 384,000-square-foot facility. PLYMOUTH – Sargento Foods plans to move manufacturing operations from its Plymouth headquarters to a new facility on the south side of the city. (05/22/2025)
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