As a fundamental industrial component, the market performance of precision springs is closely linked to the development of downstream high-end manufacturing. Some leading domestic companies have already gained market share and achieved domestic substitution in specific niche markets.
For example, some companies hold a significant market share in Hunan province for high-speed rail automatic cylinder springs, and a certain share in the domestic market for aero-engine valve springs, with products sold to multiple countries and regions. In the field of springs for new energy hybrid vehicle power systems, some companies have maintained a relatively stable market share in recent years.
Companies in the industry have developed various customized products, and their elastic components are used by multiple automotive brands, becoming suppliers for some domestic new energy vehicle companies, achieving domestic substitution in some product categories.
