Major Group SIC 3493 - Steel Springs, Except Wire

SIC 3493 - Steel Springs, Except Wire

SIC 34 - Fabricated Metal Products, Except Machinery And Transportation Equipment
SIC 01 - Agricultural Production Crops SIC 02 - Agricultural Production Livestock And Animal Specialties SIC 07 - Agricultural Services SIC 08 - Forestry SIC 09 - Fishing, Hunting, And Trapping SIC 10 - Metal Mining SIC 12 - Coal Mining SIC 13 - Oil And Gas Extraction SIC 14 - Mining And Quarrying Of Nonmetallic Minerals, Except Fuels SIC 15 - Building Construction General Contractors And Operative Builders SIC 16 - Heavy Construction Other Than Building Construction Contractors SIC 17 - Construction Special Trade Contractors SIC 20 - Food And Kindred Products SIC 21 - Tobacco Products SIC 22 - Textile Mill Products SIC 23 - Apparel And Other Finished Products Made From Fabrics And Similar Materials SIC 24 - Lumber And Wood Products, Except Furniture SIC 25 - Furniture And Fixtures SIC 26 - Paper And Allied Products SIC 27 - Printing, Publishing, And Allied Industries SIC 28 - Chemicals And Allied Products SIC 29 - Petroleum Refining And Related Industries SIC 30 - Rubber And Miscellaneous Plastics Products SIC 31 - Leather And Leather Products SIC 32 - Stone, Clay, Glass, And Concrete Products SIC 33 - Primary Metal Industries SIC 34 - Fabricated Metal Products, Except Machinery And Transportation Equipment SIC 35 - Industrial And Commercial Machinery And Computer Equipment SIC 36 - Electronic And Other Electrical Equipment And Components, Except Computer Equipment SIC 37 - Transportation Equipment SIC 38 - Measuring, Analyzing, And Controlling Instruments Photographic, Medical And Optical Good SIC 39 - Miscellaneous Manufacturing Industries SIC 40 - Railroad Transportation SIC 41 - Local And Suburban Transit And Interurban Highway Passenger Transportation SIC 42 - Motor Freight Transportation And Warehousing SIC 44 - Water Transportation SIC 45 - Transportation By Air SIC 46 - Pipelines, Except Natural Gas SIC 47 - Transportation Services SIC 48 - Communications SIC 49 - Electric, Gas, And Sanitary Services SIC 50 - Wholesale Trade-durable Goods SIC 51 - Wholesale Trade-non-durable Goods SIC 52 - Building Materials, Hardware, Garden Supply, And Mobile Home Dealers SIC 53 - General Merchandise Stores SIC 54 - Food Stores SIC 55 - Automotive Dealers And Gasoline Service Stations SIC 56 - Apparel And Accessory Stores SIC 57 - Home Furniture, Furnishings, And Equipment Stores SIC 58 - Eating And Drinking Places SIC 59 - Miscellaneous Retail SIC 60 - Depository Institutions SIC 61 - Non-depository Credit Institutions SIC 62 - Security And Commodity Brokers, Dealers, Exchanges, And Services SIC 63 - Insurance Carriers SIC 64 - Insurance Agents, Brokers, And Service SIC 65 - Real Estate SIC 67 - Holding And Other Investment Offices SIC 70 - Hotels, Rooming Houses, Camps, And Other Lodging Places SIC 72 - Personal Services SIC 73 - Business Services SIC 75 - Automotive Repair, Services, And Parking SIC 76 - Miscellaneous Repair Services SIC 78 - Motion Pictures SIC 79 - Amusement And Recreation Services SIC 80 - Health Services SIC 81 - Legal Services SIC 82 - Educational Services SIC 83 - Social Services SIC 84 - Museums, Art Galleries, And Botanical And Zoological Gardens SIC 86 - Membership Organizations or Unions And Similar Labor Organizations SIC 87 - Engineering, Accounting, Research, Management, And Related Services SIC 89 - Services, Not Elsewhere Classified SIC 96 - Administration Of Economic Programs
- SIC 349 - Miscellaneous Fabricated Metal Products
  SIC 341 - Metal Cans And Shipping Containers SIC 342 - Cutlery, Handtools, And General Hardware SIC 343 - Heating Equipment, except Electric and Warm Air and Plumbing Fixtures SIC 344 - Fabricated Structural Metal Products SIC 345 - Screw Machine Products, And Bolts, Nuts, Screws, Rivets, And Washers SIC 346 - Metal Forgings And Stampings SIC 347 - Coating, Engraving, And Allied Services SIC 348 - Ordnance and Accessories, except Vehicles and Guided Missiles SIC 349 - Miscellaneous Fabricated Metal Products
  - SIC 3493 - Steel Springs, Except Wire
    SIC 3491 - Industrial Valves SIC 3492 - Fluid Power Valves And Hose Fittings SIC 3493 - Steel Springs, Except Wire SIC 3494 - Valves And Pipe Fittings, Not Elsewhere Classified SIC 3495 - Wire Springs SIC 3496 - Miscellaneous Fabricated Wire Products SIC 3497 - Metal Foil And Leaf SIC 3498 - Fabricated Pipe And Pipe Fittings SIC 3499 - Fabricated Metal Products, Not Elsewhere Classified

Establishments primarily engaged in manufacturing leaf springs, hot wound springs, and coiled flat springs. Establishments primarily engaged in manufacturing wire springs are classified in Industry 3495.

Industry trends:

One of the latest qualitative trends in the NAICS 3493 Steel Springs, Except Wire, industry is an increased focus on sustainability and eco-friendly manufacturing processes. As environmental regulations become more stringent and customer expectations evolve, companies are investing in greener production techniques, such as using recycled materials and reducing energy consumption. There's also a growing emphasis on circular economy practices, including the re-manufacturing and recycling of steel springs.

Another notable trend is the growing adoption of advanced technologies, such as automation and robotics, in the manufacturing process. These technologies enable higher precision, improve efficiency, and reduce labor costs. Furthermore, the integration of IoT (Internet of Things) for real-time monitoring is enhancing quality control and predictive maintenance, reducing downtime and extending the life cycle of machinery.

In terms of market demand, the automotive industry's recovery after the COVID-19 pandemic is expected to drive growth in the steel springs sector. As electric vehicles (EVs) become more prevalent, there's a shift toward lightweight and high-performance materials, which could influence future product development in the steel spring market.

Looking ahead, the near future forecasts predict steady growth for the industry, buoyed by the resurgence in automotive production and greater infrastructure spending. However, manufacturers may face challenges such as fluctuating steel prices and supply chain disruptions, which necessitate strategic planning and flexibility.

This industry is comprised of:

Automobile springs

Coiled flat springs

Flat springs, sheet or strip stock

Helical springs, hot wound: for railroad equipment and vehicles

Hot wound springs, except wire springs

Leaf springs: automobile, locomotive, and other vehicle

Railroad equipment springs

Steel springs, except wire

Torsion bar springs

Explore related industries:

SIC 2515 - Mattresses, Foundations, And Convertible Beds SIC 3315 - Steel Wiredrawing And Steel Nails And Spikes SIC 3549 - Metalworking Machinery, Not Elsewhere Classified

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