Lock Washer Market Size | Types | Top Manufacturers | Trends and Forecast by 2024

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.

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In the consumer market, the growth rate of global consumption is smooth relatively. North America, Europe, China, Japan, Southeast Asia, India are still the main consumption regions due to the advanced production technology and rapid development of the economy. The global market for Lock Washers is expected to reach about 10741.42 M USD by 2021 from 8548.91 M USD in 2016.

Lock Washers can be classified into two types, such as Pin and Wire. It can be widely used in many industries. Survey results showed that 40.41% of the Lock Washers market is Split, 39.16% is External & Internal Star, 20.38% divided among others in 2016. With the development of the economy, Countries increasingly stringent requirements? these industries will need more Lock Washers. So, Lock Washers has a huge market potential in the future.

According to this study, over the next five years, the Lock Washers market will register a –% CAGR in terms of revenue, the global market size will reach US$ $$ million by 2024, from US$ $$ million in 2019. In particular, this report presents the global market share sales and revenue of key companies in the Lock Washers business, shared in Chapter 3.

This report presents a comprehensive overview, market shares, and growth opportunities of Lock Washers market by product type, application, key manufacturers and key regions and countries.

This study considers the Lock Washers value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.

Internal& External Star
Split
Others

Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.

Automotive
Machinery & Equipment
Airplane
Structural applications
Others

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.

America
APAC
Europe
Middle East & Africa

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The report also presents the market competitive landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in Chapter 3.

NORD-LOCK
Disc-Lock
Schnorr
Shakeproof
Tiger-Tight
Midwest Acorn Nut
Earnest
HEICO-LOCK
Shinedason
Titan Fasteners

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives

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 sub-segments.
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 the 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.

Table of Content Covers the Topics mentioned below

2019-2024 Global Lock Washers Consumption Market Report

1 The scope of the Report
2 Executive Summary
3 Global Lock Washers by Players
4 Lock Washers by Regions
5 Americas Market
6 APAC Market
7 Europe Market
8 The Middle East & Africa Market
9 Market Drivers, Challenges and Trends
10 Marketing, Distributors, and Customer
11 Global Lock Washers Market Forecast
12 Key Players Analysis
•NORD-LOCK
•Disc-Lock
•Schnorr
•Shakeproof
•Tiger-Tight
•Midwest Acorn Nut
•Earnest
•HEICO-LOCK
•Shinedason
•Titan Fasteners
13 Research Findings and Conclusion

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