Latin America Aerospace And Defense Springs Market Size & Outlook
The aerospace and defense springs market in Latin America is expected to reach a projected revenue of US$ 43.8 million by 2030. A compound annual growth rate of 6.5% is expected of Latin America aerospace and defense springs market from 2025 to 2030.
Revenue, 2024 (US$M)
$30.1
Forecast, 2030 (US$M)
$43.8
CAGR, 2025 - 2030
6.5%
Report Coverage
Latin America
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Latin America aerospace and defense springs market highlights
- The Latin America aerospace and defense springs market generated a revenue of USD 28.9 million in 2023.
- The market is expected to grow at a CAGR of 6.1% from 2024 to 2030.
- In terms of segment, coil springs was the largest revenue generating type in 2023.
- Flat Spiral/ Power Springs is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 28.9 million |
| Market revenue in 2030 | USD 43.8 million |
| Growth rate | 6.1% (CAGR from 2024 to 2030) |
| Largest segment | Coil springs |
| Fastest growing segment | Flat Spiral/ Power Springs |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Flat Spiral/ Power Springs, Coil Springs, Torsion, Torque Coil, & Clutch Springs |
| Key market players worldwide | Argo Spring Manufacturing, Myers Spring, Ace Wire Spring and Form, Vulcan Spring, MW Industries, Nordia Springs, John Evans' Sons |
Other key industry trends
- In terms of revenue, Latin America region accounted for 8.1% of the global aerospace and defense springs market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Europe is the fastest growing regional market and is projected to reach USD 159.8 million by 2030.
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Aerospace and Defense Springs Market Scope
Aerospace and defense springs market segmentation & scope
Aerospace and Defense Springs Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| John Evans' Sons | View profile | 51-100 | Lansdale, Pennsylvania, United States, North America | https://springcompany.com/ |
| Nordia Springs | View profile | 101-250 | Netanya, HaMerkaz, Israel, Asia | https://www.nordia.co.il/ |
| Vulcan Spring | View profile | 51-100 | Telford, Pennsylvania, United States, North America | https://www.vulcanspring.com |
| Ace Wire Spring and Form | View profile | 11-50 | Mckees Rocks, Pennsylvania, United States, North America | https://www.acewirespring.com |
| Myers Spring | View profile | 11-50 | Logansport, Indiana, United States, North America | https://www.myersspring.com |
| Argo Spring Manufacturing | View profile | 51-100 | Norwalk, California, United States, North America | https://www.argospringmfg.com |
| MW Industries | View profile | 5001-10000 | Charlotte, North Carolina, United States, North America | http://www.mwcomponents.com |
Latin America aerospace and defense springs market size, by country, 2018-2030 (US$M)
Latin America Aerospace and Defense Springs Market Outlook Share, 2024 & 2030 (US$M)
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