Report Description
A recent market
intelligence report that is published by Data Insights Partner on the global Lock
Washer Market makes an offering of in-depth analysis of segments and
sub-segments in the regional and international Lock Washer Market. The research
also emphasizes on the impact of restraints, drivers, and macro indicators on
the regional and global Lock Washer Market over the short as well as long
period of time. A detailed presentation of forecast, trends, and dollar values
of global Lock Washer Market is offered. In accordance with the report, the global
Lock Washer Market is projected to expand at a CAGR of 7.6 % over the period of
forecast.
Market Insight, Drivers, Restraints&
Opportunity of the Market:
Lock Washers are usually used to keep bolts, nuts of
threaded fasteners from loosening. They come in various shapes and sizes, with
each washer having unique purpose. Steel is the commonly used material in
production of lock washers.
The lock washer market has witnessed tremendous growth
over the past few years and is expected to record similar growth in the
forecast period. With the growth in automotive, manufacturing and aerospace
industries, the demand for global lock washer market is expected to grow in
coming years. With an increased demand for maintenance and repair activities,
the demand for market of lock washer is expected to rise significantly on a
global level. In addition, increase in urbanization and industrialization,
especially in developing countries and major economies, further fuels the
growth of this market. Due to its high reliability and increased applications,
there is a strong demand for lock washers in automotive sector. However, the
major factor that may hinder the growth of lock washer market in the forecast
period is the high possibility of corrosion and the increasing price of steel. Also,
fluctuation in foreign exchange rate is expected to hinder the growth of lock
washer market in the coming years.
To gain strong position in the global market, many key
players are now focusing on cost efficient, highly reliable and better lock
washers to gain a competitive position in the market. Companies are focusing on
growth strategies such as product launches, approvals, events and patents.
Also, inorganic activities were witnessed in the market such as collaborations,
acquisitions, and partnerships. With the rising demand for ready, sustainable,
and better-quality lock washer, the market players of this market are
anticipated to lucrative growth opportunities in the near future. In 2016, to offer more value to the new as
well as existing customers, a New York based company, Sherex Fastening
Solutions announced its acquisition of DISC LOCK Inc. This wIll assist in
enhancing its existing portfolio and ensure efficient fasting solutions with
cutting edge technology. This has also helped the company to scale up its
applications, sales coverage and consolidating its supply chain.
Due to increase in construction activities, maintenance and
repair activities and automotive industry growth the region of Asia-Pacific is
expected to grow significantly on a global level in the forecast period.
Segment Covered:
This market
intelligence report on the global Lock Washer Market encompasses market
segments based on product type, application and country/regions.
In terms of Product type, the global Lock
Washer Market is segregated
into
§ Split
§ Tooth
§ Others
By application, the global Lock Washer Market is also classified into,
§ Automotive
§ Aerospace
§ Machinery Equipment
§ Structural Applications
§ Construction
§ Others
By country/region, the global Lock Washer Market has been divided into
§ North America (the U.S., Canada),
§ Latin America (Brazil, Mexico, Argentina and other
countries),
§ Europe (Germany, France, the U.K., Spain, Italy, Russia,
and other countries),
§ Asia Pacific (India, Japan, China, Australia and New
Zealand and other countries),
§ Middle East and Africa (GCC, South Africa, Israel and
Other countries).
Profiling of Market
Players:
This business
intelligence report offers profiling of reputed companies that are operating in
the market. Companies such as
§ Nord-Lock
§ ITW Shakeproof Group Plastite
§ International Industrial Springs
§ KD Fasteners Inc.
§ Disc-Lock Europe Limited
§ Schnorr GmBH
§ Titan Fasteners
§ Shinedason
§ Phoenix Speciality
§ Tiger-Tight
§ Hangzhou Spring Washer Co. Ltd
§ Midwest Acorn Nut Co.
§ HEICO-LOCK
§ Earnest Machine
§ Wrought Washer Machinery and many more
Other players have
been profiled into detail so as to offer a glimpse of the market leaders.
Moreover, parameters such as Lock Washer related investment & spending and
developments by major players of the market are tracked in this global report.
Report Highlights:
In-depth
analysis of the micro and macro indicators, market trends, and forecasts of
demand is offered by this business intelligence report. Furthermore, the report
offers a vivid picture of the factors that are steering and restraining the
growth of this market across all geographical segments. In addition to that, Growth
Matrix analysis is also provided in the report so as to share insight of the
investment areas that new or existing market players can take into consideration.
Various analytical tools such as DRO analysis, Porter's five forces analysis
has been used in this report to present a clear picture of the market. The
study focuses on the present market trends and provides market forecast from
the year 2020-2028. Emerging trends that would shape the market demand in the
years to come have been highlighted in this report. A competitive analysis in
each of the geographical segments gives an insight into market share of the
global players.
Salient Features:
Ø
This study offers
comprehensive yet detailed analysis of the Lock Washer Market, size of the market (US$ Mn), and Compound Annual Growth
Rate (CAGR (%)) for the period of forecast: 2020 – 2028, taking into account
2019 as the base year
Ø
It explains upcoming
revenue opportunities across various market segments and attractive matrix of
investment proposition for the said market
Ø
This market
intelligence report also offers pivotal insights about various market opportunities,
restraints, drivers, launch of new products, competitive market strategies of
leading market players, emerging market trends, and regional outlook
Ø
Profiling of
key market players in the world Lock Washer
Market is done by
taking into account various parameters such as company strategies, distribution
strategies, product portfolio, financial performance, key developments,
geographical presence, and company overview
Ø
Leading
market players covered this report comprise names such as Nord-Lock,
Shakeproof, Disc-Lock, Schnorr, Titan Fasteners, Hangzhou Spring Washer Co.
Ltd, Midwest Acorn Nut, HEICO-LOCK, Earnest Machine, Wrought Washer
Manufacturing Inc. and many more.
Ø
The data of
this report would allow management authorities and marketers of companies alike
to take informed decision when it comes to launch of products, government
initiatives, marketing tactics and expansion, and technical up gradation
Ø
The world
market for Lock Washer
Market caters to the needs
of various stakeholders pertaining to this industry, namely suppliers, manufacturers,
investors, and distributors for Lock Washer
Market. The research
also caters to the rising needs of consulting and research firms, financial
analysts, and new market entrants
Ø
Research
methodologies that have been adopted for the purpose of this study have been
clearly elaborated so as to facilitate better understanding of the reports
Ø
Reports have
been made based on the guidelines as mandated by General Data Protection
Regulation
Ø
Ample number
of examples and case studies have been taken into consideration before coming
to a conclusion
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the investment
opportunities in the Lock Washer Market
v
Identification
of key factors driving investment opportunities in the Lock Washer Market
v
Facilitate
decision-making based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to your
competitors’ business structure, strategy and prospects
v
Identify key
strengths and weaknesses of important market participants