The rapid growth of the electric vehicle (EV) market is transforming the automotive industry—and the ripple effects are being felt throughout the spring and wire manufacturing sector. According to The Business Research Company, the global spring and wire products market is expected to grow from $63.1 billion in 2024 to $80.17 billion by 2029, at a compound annual growth rate (CAGR) of 4.7%. A significant part of this growth is driven by increased demand for EV-related components.

New Demands, New Applications

EVs require a wide range of specialized components that rely on springs and wire forms. These include:

• Suspension systems that are lighter yet still capable of handling the vehicle’s weight and battery load.
• Thermal management systems, where springs help manage the flow of coolant and ensure proper function of heat exchangers.
• Electrical connectors and wire harnesses that depend on precision-formed wire products to ensure reliable power transmission.
• Charging infrastructure components such as contact springs used in EV charging stations..

With the push for longer range and better energy efficiency, there is an emphasis on lightweight materials and compact component design—areas where custom spring and wire manufacturing plays a vital role.

Precision and Performance

Unlike traditional combustion-powered vehicles, EVs introduce new performance benchmarks. Springs and wire forms must perform reliably across more extreme temperature ranges, vibration conditions, and in compact spaces. This means tighter tolerances and more rigorous testing are now essential parts of the manufacturing process.

In addition, many EV manufacturers are seeking domestic suppliers for these critical parts, which gives North American spring manufacturers an opportunity to compete on quality, agility, and innovation.

What This Means for the Industry

The EV boom is not a passing trend. It represents a structural shift in automotive and global manufacturing. For spring and wire manufacturers, this means now is the time to adapt capabilities, explore new materials, and fine-tune processes for precision and performance.

At Jackson Spring, we stay ahead by continually investing in technology and working closely with engineers in the EV space to design high-performance spring and wire solutions. As the industry evolves, we’re committed to helping our customers stay ahead of the curve.