global steel wire rods for spring market| CAGR of 3.1%

global steel wire rods for spring market was valued at USD 2,020 million in 2024 and is projected to reach USD 2,432 million by 2032, growing at a steady CAGR of 3.1% during the forecast period (2025–2032). This expansion is being fueled by robust demand from automotive manufacturing, infrastructure development, and the increasing adoption of high-performance steel alloys in spring applications.