Global Automotive Oil Tempered Spring Steel Wire Market size is expected to grow from USD 1.51 Billion in 2022 to USD 2.75 Billion by 2030, at a CAGR of 7.8% during the forecast period (2023–2030).
The market advantages of automotive oil-tempered spring steel wire are noteworthy. Its high tensile strength not only ensures the durability and reliability of components but also contributes to longer service life, thereby reducing maintenance requirements.