The report gives a clear image of the current Lock Washers Market scenario and the expected future of the industry. The report focuses on market drivers, restraints, growth, trends, and the forecast for the period from 2020 to 2025. Besides, the report also represents the market performance by value chain analysis which will help to provide better product differentiation along with the analysis of each segment regarding opportunity, market attractiveness index and growth rate.
Lock washers are specially designed to keep threaded fasteners from loosening. They prevent vibrations and some have external teeth to prevent rotation. These washers are often found in airplanes and in structural applications.
Currently, The industry concentration is low, the technical barriers and financial barriers of Lock Washers are also low. The companies in the world that produce Lock Washers mainly concentrate in North America, Europe, China, Japan, Southeast Asia and India, Raw materials are also concentrated in these regions. In particular, as the market leader in Lock Washers, NORD-LOCK take the global market share of about 0.20%, other key manufacturers include NORD-LOCK , Disc-Lock, Schnorr, Shakeproof, Tiger-Tight, Midwest Acorn Nut, Earnest, HEICO-LOCK, Shinedason, Titan Fasteners. The production of Lock Washers increased from 41776 Million Units in 2011 to 63470 Million Units in 2016, with an average growth rate of 8.73%. Global Lock Washers capacity utilization rate remained at around 71.37% in 2016.
According to this study, over the next five years the Lock Washers market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2024, from US$ xx million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Lock Washers business, shared in Chapter 3.
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The key manufacturers covered in this report:
- Midwest Acorn Nut
- Titan Fasteners
Segmentation by product type:
- Internal& External Star
Segmentation by application:
- Machinery & Equipment
- Structural applications
This report also splits the market by region:
- United States
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- To study and analyze the global Lock Washers consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
- To understand the structure of Lock Washers market by identifying its various subsegments.
- Focuses on the key global Lock Washers manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
- To analyze the Lock Washers with respect to individual growth trends, future prospects, and their contribution to the total market.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
- To project the consumption of Lock Washers submarkets, with respect to key regions (along with their respective key countries).
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
- To strategically profile the key players and comprehensively analyze their growth strategies.
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