South Korea Spring Market Size, Share, and COVID-19 Impact Analysis, By Type (Leaf Spring, Helical Spring, and Disk Spring), By Industry End Use (Construction, Manufacturing, Aerospace, and Railway), and South Korea Spring Market Industry Trend, Forecasts to 2035

South Korea Spring Market Insights Forecasts to 2035

• The South Korea Spring Market Size Was Estimated at USD 463.60 Million in 2024
• The Market Size is Expected to Grow at a CAGR of around 7.14% from 2025 to 2035
• The South Korea Spring Market Size is Expected to Reach USD 989.7 Million by 2035

According to a Research Report Published by Spherical Insights & Consulting, The South Korea Spring Market Size is anticipated to Reach USD 989.7 Million by 2035, Growing at a CAGR of 7.14% from 2025 to 2035. The projection period, the market will be driven by the growing demand for springs across a variety of end-use verticals, including manufacturing, forestry, agriculture, and the automotive industry.

Market Overview

The Spring Market Size encompasses the production and application of mechanical springs such as leaf, helical, and disk springs used across industries like automotive, construction, aerospace, and manufacturing. Springs provide essential benefits including energy storage, shock absorption, and maintaining force in mechanical systems, enhancing performance and durability. Growing industrialization and infrastructure development offer vast opportunities for market expansion, especially in emerging economies. Government initiatives promoting manufacturing innovation, smart infrastructure, and renewable energy projects further stimulate demand by encouraging advanced spring technologies. Supportive policies and investments aimed at improving industrial capabilities and sustainability also drive market growth, positioning the spring industry for continued advancement and broader adoption across various sectors.

Report Coverage

This research report categorizes the market for South Korea spring market based on various segments and regions, forecasts revenue growth, and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea spring market. Recent market developments and competitive strategies such as expansion, product launch, development, partnership, merger, and acquisition, have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment South Korea spring market.

Driving Factors

The increasing demand from automotive, construction, and manufacturing sectors, where springs play a crucial role in suspension systems, machinery, and equipment. Rising industrialization and infrastructure development boost the need for durable and efficient mechanical components. Technological advancements in materials and manufacturing processes enhance spring performance and lifespan. Additionally, growing adoption of smart and automated systems creates new applications

Restraining Factors

The raw material prices, especially steel, which increase production costs and impact profit margins. Complex manufacturing processes and high precision requirements limit the entry of small players. Additionally, competition from alternative technologies like composite materials and elastomers challenges traditional metal springs. Environmental regulations and stringent quality standards add to operational costs.

Market Segmentation

The South Korea spring market share is classified into type and industry end use.

• The leaf spring segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea spring market is segmented by type into leaf spring, helical spring, and disk spring. Among these, the leaf spring segment held a significant share in 2024 and is expected to grow at a substantial CAGR during the forecast period. Its widespread use in automotive and heavy vehicle suspensions, where durability and load-bearing capacity are critical. Its simple design and cost-effectiveness make it preferred for heavy-duty applications. Additionally, increasing demand for commercial vehicles and rising infrastructure development fuel its growth. Technological advancements improving material strength and fatigue resistance further boost leaf spring adoption.

• The construction segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea spring market is segmented by industry end use into construction, manufacturing, aerospace, and railway. Among these, the construction segment dominated a share in 2024 and is expected to grow at a significant CAGR during the forecast period. The rapid urbanization and increased infrastructure projects driving demand for reliable mechanical components. Springs are essential in heavy machinery, elevators, and safety systems used in construction, ensuring durability and performance. Government investments in smart city developments and renewable energy infrastructure further boost demand.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea spring market, along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborate analysis focusing on the companies current news and developments, including product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Sunjin Spring
• Samsol Precision Co., Ltd.
• Youngjin Industrial
• Hyundai Spring Co., Ltd.
• SCL Gwangju Co., Ltd.
• Daeho Spring
• MYUNG JIN MACHINE TOOL Co., Ltd.
• Core C&T Co., Ltd.
• Kyungjoo Spring Co., Ltd.
• Hyojin Co., Ltd. 
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at South Korea, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the South Korea spring market based on the below-mentioned segments:

South Korea Spring Market, By Type

• Leaf Spring
• Helical Spring
• Disk Spring

South Korea Spring Market, By Industry End Use

• Construction
• Manufacturing
• Aerospace
• Railway