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Lock Washer Market by Product Type (Split Lock Washer, Tooth Lock Washer, and Others) and Application (Automotive, Aerospace, Machinery & Equipment, Construction, and Others): Global Opportunity Analysis and Industry Forecast, 2018 - 2025

CM_195226
Pages: 279
Mar 2019 | 1616 Views
 
Author(s) : Kulbhushan
Tables: 55
Charts: 31
 

Lock Washer Market Outlook - 2025

The global lock washer market is valued at $673.7 million in 2017, and is expected to reach $1,251.5 million by 2025, growing at a CAGR of 8.2% from 2018 to 2025.

A lock washer is a disk-shaped thin plate, typically with a hole in the middle, which is normally used to distribute the load of a threaded fastener. It often has an outer diameter about twice as compare to their inner diameter, which can vary according to its design. The most commonly used metal in the production of washers is steel. The different steel types used in the production of washers include carbon steel, spring steel, and stainless steel. These washers are also available in metals such as copper, brass, aluminum, titanium, bronze, zinc, and iron. Split and tooth lock washers are the two most popular lock washer types.

A lock washer can hold the nut or other threaded fastener in place. There are many small and leading players operating in the market, which include Nord-Lock, Shakeproof, Disc-Lock Inc., Schnorr, and others that occupy a major share in the lock washer market. The benefit of lock washers lies in its shape. When it is compressed to the loads near the proof strength of the bolt, it will flatten and twist. This process reduces the spring rate of the bolted joint which maintains more force under the same vibration levels, which further prevents the loosening process.

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The lock washer market size is not high in U.S. and Western Europe. China is to expand its lock washer market share in forecasting period, owing to the expansion in automobile sector. Asia-Pacific has many lock washer manufacturer and producers, it produces the products for industrial sectors. Companies in developing countries, in contrast, put more effort on direct selling business. The competitor companies are more likely to develop their dealer network for the business expansion. As the local companies does not have international brand influence, their product quality is not good enough when comparing with leading companies, however, they have price advantage. These small players have expanded their market share in developing countries and low-end international market.

Growth in the automotive, aerospace, machinery, and construction industries is expected to drive the market during the forecast year. Asia-Pacific is anticipated to remain the fastest growing sector due to increase in demand for maintenance and repair activities, increased construction activities, and automotive industry growth. Countries such as China, India, Japan, the US, and Germany are expected to be the key demand areas which support the overall lock washer market growth. However, corrosion to these washers, prices of steel, and fluctuating foreign exchange are expected to hinder the growth of the lock washer market.

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Rise in demand for lock washers in industries such as automotive, aerospace, and machinery, among others is expected to fuel the growth of the market. Therefore, the industry players are focusing toward creating better and cost-effective ways to develop highly efficient lock washers. Furthermore, increase in demand for lock washers that are market ready and more sustainable is anticipated to fuel the demand for better quality lock washers providing an opportunity to the manufacturers, thereby boosting the growth of the global lock washer market.

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The global lock washer market is segmented based on product type, application, and region. Based on product type, the market is segmented into split, tooth, and others (hi-collar lock washers and wedge lock washers). In 2017, split lock washer segment dominated the market, in terms of revenue, and is expected to maintain this trend in the coming years. On the basis of application, the market is categorized into automotive, aerospace, machinery & equipment, construction, and others. Automotive industry is expected to secure the highest share during the forecast period.

Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. In 2017, Asia-Pacific accounted for the highest share in the lock washer market and is anticipated to secure the leading position during the forecast period.

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Competition Analysis

The major players operating in the lock washer market include Nord-Lock, Shakeproof, Disc-Lock Inc., Schnorr, Titan Fasteners, Hangzhou spring washer Co., Ltd., Midwest Acorn Nut Co., HEICO-LOCK (HWICO Group), Earnest Machine, and Wrought Washer Manufacturing, Inc.. For instance, companies such as Hangzhou Spring Washer Co.,ltd, and HEICO Befestigungstechnik GmbH have development on high quality lock washers for a multitude of fastening applications, in order to meet meet the fastening requirements of a multitude of industries with flexibility, innovation and quality.

Key Benefits for Lock Washer Market:

  • The report provides an extensive analysis of the current and emerging global lock washer market trends and dynamics in the global lock washer market.
  • In-depth analysis is conducted by constructing market estimations for the key market segments between 2017 and 2025.
  • Extensive analysis of the global lock washer market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
  • A comprehensive analysis of all regions is provided to determine the prevailing opportunities in these geographies.
  • Key market players within the lock washer market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the global lock washer market.

Key Lock Washer Market Segments:

By Product Type

  • Split
  • Tooth
  • Others

BY Application

  • Automotive
  • Aerospace
  • Machinery & Equipment
  • Construction
  • Others

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Key Players

  • Nord-Lock
  • Shakeproof
  • Disc-Lock Inc.
  • Schnorr
  • Titan Fasteners
  • Hangzhou spring washer co., ltd
  • Midwest Acorn Nut Co.
  • HEICO-LOCK (HWICO Group)
  • Earnest Machine
  • Wrought Washer Manufacturing, Inc.
 

CHAPTER 1:  INTRODUCTION


              1.1.    REPORT DESCRIPTION
              1.2.    KEY MARKET SEGMENTS
              1.3.    KEY BENEFITS
              1.4.    RESEARCH METHODOLOGY
                         1.4.1.   PRIMARY RESEARCH
                         1.4.2.   SECONDARY RESEARCH
                         1.4.3.   ANALYST TOOLS AND MODELS


CHAPTER 2:    EXECUTIVE SUMMARY


              2.1.    CXO PERSPECTIVE


CHAPTER 3:    MARKET LANDSCAPE


              3.1.    MARKET DEFINITION AND SCOPE
              3.2.    KEY FINDINGS
                         3.2.1.   TOP INVESTMENT POCKETS
                         3.2.2.   TOP WINNING STRATEGIES
              3.3.    PORTER'S FIVE FORCES ANALYSIS
                         3.3.1.   BARGAINING POWER OF SUPPLIERS
                         3.3.2.   THREAT OF NEW ENTRANTS
                         3.3.3.   THREAT OF SUBSTITUTES
                         3.3.4.   COMPETITIVE RIVALRY
                         3.3.5.   BARGAINING POWER AMONG BUYERS
              3.4.    MARKET SHARE ANALYSIS/TOP PLAYER POSITIONING
              3.5.    MARKET DYNAMICS
                       3.5.1.     DRIVERS
                       3.5.2.     RESTRAINTS
                       3.5.3.     OPPORTUNITIES


CHAPTER 4:   LOCK WASHER MARKET BY PRODUCT


              4.1.    OVERVIEW
              4.2.     SPLIT LOCK WASHER
                         4.2.1.   KEY MARKET TRENDS, GROWTH FACTORS AND OPPORTUNITIES
                         4.2.2.   MARKET SIZE AND FORECAST BY REGION
                         4.2.3.   MARKET ANALYSIS BY COUNTRY
              4.3.     TOOTH LOCK WASHER
                         4.3.1.   KEY MARKET TRENDS, GROWTH FACTORS AND OPPORTUNITIES
                         4.3.2.   MARKET SIZE AND FORECAST BY REGION
                         4.3.3.   MARKET ANALYSIS BY COUNTRY
              4.4.     OTHERS
                         4.4.1.   KEY MARKET TRENDS, GROWTH FACTORS AND OPPORTUNITIES
                         4.4.2.   MARKET SIZE AND FORECAST BY REGION
                         4.4.3.   MARKET ANALYSIS BY COUNTRY


CHAPTER 5:   LOCK WASHER MARKET BY APPLICATION


              5.1.    OVERVIEW
              5.2.     AUTOMOTIVE
                         5.2.1.   KEY MARKET TRENDS, GROWTH FACTORS AND OPPORTUNITIES
                         5.2.2.   MARKET SIZE AND FORECAST BY REGION
                         5.2.3.   MARKET ANALYSIS BY COUNTRY
              5.3.     AEROSPACE
                         5.3.1.   KEY MARKET TRENDS, GROWTH FACTORS AND OPPORTUNITIES
                         5.3.2.   MARKET SIZE AND FORECAST BY REGION
                         5.3.3.   MARKET ANALYSIS BY COUNTRY
              5.4.     MACHINERY & EQUIPMENT
                         5.4.1.   KEY MARKET TRENDS, GROWTH FACTORS AND OPPORTUNITIES
                         5.4.2.   MARKET SIZE AND FORECAST BY REGION
                         5.4.3.   MARKET ANALYSIS BY COUNTRY
              5.5.     CONSTRUCTION
                         5.5.1.   KEY MARKET TRENDS, GROWTH FACTORS AND OPPORTUNITIES
                         5.5.2.   MARKET SIZE AND FORECAST BY REGION
                         5.5.3.   MARKET ANALYSIS BY COUNTRY
              5.6.     OTHERS
                         5.6.1.   KEY MARKET TRENDS, GROWTH FACTORS AND OPPORTUNITIES
                         5.6.2.   MARKET SIZE AND FORECAST BY REGION
                         5.6.3.   MARKET ANALYSIS BY COUNTRY


CHAPTER 6:    LOCK WASHER MARKET BY REGION


              6.1.    OVERVIEW
              6.2.   NORTH AMERICA
                        6.2.1.   KEY MARKET TRENDS AND OPPORTUNITIES
                        6.2.2.   MARKET SIZE AND FORECAST BY PRODUCT
                        6.2.3.   MARKET SIZE AND FORECAST BY APPLICATION
                        6.2.4.   MARKET SIZE AND FORECAST BY COUNTRY
                        6.2.5.   US LOCK WASHER MARKET
                                      6.2.5.1.   MARKET SIZE AND FORECAST BY PRODUCT
                                      6.2.5.2.   MARKET SIZE AND FORECAST BY APPLICATION
                        6.2.6.    CANADA LOCK WASHER MARKET
                                      6.2.6.1.   MARKET SIZE AND FORECAST BY PRODUCT
                                      6.2.6.2.   MARKET SIZE AND FORECAST BY APPLICATION
                        6.2.7.    MEXICO LOCK WASHER MARKET
                                      6.2.7.1.   MARKET SIZE AND FORECAST BY PRODUCT
                                      6.2.7.2.   MARKET SIZE AND FORECAST BY APPLICATION
              6.3.   EUROPE
                        6.3.1.   KEY MARKET TRENDS AND OPPORTUNITIES
                        6.3.2.   MARKET SIZE AND FORECAST BY PRODUCT
                        6.3.3.   MARKET SIZE AND FORECAST BY APPLICATION
                        6.3.4.   MARKET SIZE AND FORECAST BY COUNTRY
                        6.3.5.   UK LOCK WASHER MARKET
                                      6.3.5.1.   MARKET SIZE AND FORECAST BY PRODUCT
                                      6.3.5.2.   MARKET SIZE AND FORECAST BY APPLICATION
                        6.3.6.    GERMANY LOCK WASHER MARKET
                                      6.3.6.1.   MARKET SIZE AND FORECAST BY PRODUCT
                                      6.3.6.2.   MARKET SIZE AND FORECAST BY APPLICATION
                        6.3.7.    FRANCE LOCK WASHER MARKET
                                      6.3.7.1.   MARKET SIZE AND FORECAST BY PRODUCT
                                      6.3.7.2.   MARKET SIZE AND FORECAST BY APPLICATION
                        6.3.8.    SPAIN LOCK WASHER MARKET
                                      6.3.8.1.   MARKET SIZE AND FORECAST BY PRODUCT
                                      6.3.8.2.   MARKET SIZE AND FORECAST BY APPLICATION
                        6.3.9.    RUSSIA LOCK WASHER MARKET
                                      6.3.9.1.   MARKET SIZE AND FORECAST BY PRODUCT
                                      6.3.9.2.   MARKET SIZE AND FORECAST BY APPLICATION
                        6.3.10.    REST OF EUROPE LOCK WASHER MARKET
                                      6.3.10.1.   MARKET SIZE AND FORECAST BY PRODUCT
                                      6.3.10.2.   MARKET SIZE AND FORECAST BY APPLICATION
              6.4.   ASIA PACIFIC
                        6.4.1.   KEY MARKET TRENDS AND OPPORTUNITIES
                        6.4.2.   MARKET SIZE AND FORECAST BY PRODUCT
                        6.4.3.   MARKET SIZE AND FORECAST BY APPLICATION
                        6.4.4.   MARKET SIZE AND FORECAST BY COUNTRY
                        6.4.5.   CHINA LOCK WASHER MARKET
                                      6.4.5.1.   MARKET SIZE AND FORECAST BY PRODUCT
                                      6.4.5.2.   MARKET SIZE AND FORECAST BY APPLICATION
                        6.4.6.    INDIA LOCK WASHER MARKET
                                      6.4.6.1.   MARKET SIZE AND FORECAST BY PRODUCT
                                      6.4.6.2.   MARKET SIZE AND FORECAST BY APPLICATION
                        6.4.7.    JAPAN LOCK WASHER MARKET
                                      6.4.7.1.   MARKET SIZE AND FORECAST BY PRODUCT
                                      6.4.7.2.   MARKET SIZE AND FORECAST BY APPLICATION
                        6.4.8.    SOUTH KOREA LOCK WASHER MARKET
                                      6.4.8.1.   MARKET SIZE AND FORECAST BY PRODUCT
                                      6.4.8.2.   MARKET SIZE AND FORECAST BY APPLICATION
                        6.4.9.    REST OF ASIA PACIFIC LOCK WASHER MARKET
                                      6.4.9.1.   MARKET SIZE AND FORECAST BY PRODUCT
                                      6.4.9.2.   MARKET SIZE AND FORECAST BY APPLICATION
              6.5.   LAMEA
                        6.5.1.   KEY MARKET TRENDS AND OPPORTUNITIES
                        6.5.2.   MARKET SIZE AND FORECAST BY PRODUCT
                        6.5.3.   MARKET SIZE AND FORECAST BY APPLICATION
                        6.5.4.   MARKET SIZE AND FORECAST BY COUNTRY
                        6.5.5.   LATIN AMERICA LOCK WASHER MARKET
                                      6.5.5.1.   MARKET SIZE AND FORECAST BY PRODUCT
                                      6.5.5.2.   MARKET SIZE AND FORECAST BY APPLICATION
                        6.5.6.    MIDDLE EAST LOCK WASHER MARKET
                                      6.5.6.1.   MARKET SIZE AND FORECAST BY PRODUCT
                                      6.5.6.2.   MARKET SIZE AND FORECAST BY APPLICATION
                        6.5.7.    AFRICA LOCK WASHER MARKET
                                      6.5.7.1.   MARKET SIZE AND FORECAST BY PRODUCT
                                      6.5.7.2.   MARKET SIZE AND FORECAST BY APPLICATION


CHAPTER 7:    COMPANY PROFILES


              7.1.     NORD-LOCK
                        7.1.1.    COMPANY OVERVIEW
                        7.1.2.    BUSINESS PERFORMANCE
                        7.1.3.    KEY STRATEGIC MOVES AND DEVELOPMENTS
              7.2.     SHAKEPROOF
                        7.2.1.    COMPANY OVERVIEW
                        7.2.2.    BUSINESS PERFORMANCE
                        7.2.3.    KEY STRATEGIC MOVES AND DEVELOPMENTS
              7.3.     DISC-LOCK INC.
                        7.3.1.    COMPANY OVERVIEW
                        7.3.2.    BUSINESS PERFORMANCE
                        7.3.3.    KEY STRATEGIC MOVES AND DEVELOPMENTS
              7.4.     SCHNORR
                        7.4.1.    COMPANY OVERVIEW
                        7.4.2.    BUSINESS PERFORMANCE
                        7.4.3.    KEY STRATEGIC MOVES AND DEVELOPMENTS
              7.5.     TITAN FASTENERS
                        7.5.1.    COMPANY OVERVIEW
                        7.5.2.    BUSINESS PERFORMANCE
                        7.5.3.    KEY STRATEGIC MOVES AND DEVELOPMENTS
              7.6.     HANGZHOU SPRING WASHER CO LTD.
                        7.6.1.    COMPANY OVERVIEW
                        7.6.2.    BUSINESS PERFORMANCE
                        7.6.3.    KEY STRATEGIC MOVES AND DEVELOPMENTS
              7.7.     MIDWEST ACORN NUT CO.
                        7.7.1.    COMPANY OVERVIEW
                        7.7.2.    BUSINESS PERFORMANCE
                        7.7.3.    KEY STRATEGIC MOVES AND DEVELOPMENTS
              7.8.     HEICO-LOCK (HWICO GROUP)
                        7.8.1.    COMPANY OVERVIEW
                        7.8.2.    BUSINESS PERFORMANCE
                        7.8.3.    KEY STRATEGIC MOVES AND DEVELOPMENTS
              7.9.     EARNEST MACHINE
                        7.9.1.    COMPANY OVERVIEW
                        7.9.2.    BUSINESS PERFORMANCE
                        7.9.3.    KEY STRATEGIC MOVES AND DEVELOPMENTS
              7.10.     WROUGHT WASHER MANUFACTURING INC
                        7.10.1.    COMPANY OVERVIEW
                        7.10.2.    BUSINESS PERFORMANCE
                        7.10.3.    KEY STRATEGIC MOVES AND DEVELOPMENTS
LIST OF TABLES

TABLE 1.            GLOBAL LOCK WASHER MARKET, BY PRODUCT, 2017-2025 ($MILLION)
TABLE 2.           LOCK WASHER MARKET FOR AUTOMOTIVE, BY REGION, 2017-2025 ($MILLION)
TABLE 4.           LOCK WASHER MARKET FOR AEROSPACE, BY REGION, 2017-2025 ($MILLION)
TABLE 6.           LOCK WASHER MARKET FOR MACHINERY AND EQUIPMENT, BY REGION, 2017-2025 ($MILLION)
TABLE 8.           LOCK WASHER MARKET FOR CONSTRUCTION, BY REGION, 2017-2025 ($MILLION)
TABLE 10.           LOCK WASHER MARKET FOR OTHERS, BY REGION, 2017-2025 ($MILLION)
TABLE 12.           GLOBAL LOCK WASHER MARKET, BY APPLICATION, 2017-2025 ($MILLION)
TABLE 13.           LOCK WASHER MARKET FOR AUTOMOTIVE, BY REGION, 2017-2025 ($MILLION)
TABLE 15.           LOCK WASHER MARKET FOR AEROSPACE, BY REGION, 2017-2025 ($MILLION)
TABLE 17.           LOCK WASHER MARKET FOR MACHINERY AND EQUIPMENT, BY REGION, 2017-2025 ($MILLION)
TABLE 19.           LOCK WASHER MARKET FOR CONSTRUCTION, BY REGION, 2017-2025 ($MILLION)
TABLE 21.           LOCK WASHER MARKET FOR OTHERS, BY REGION, 2017-2025 ($MILLION)
TABLE 23.           LOCK WASHER MARKET FOR , BY REGION, 2017-2025 ($MILLION)
TABLE 24.          NORTH AMERICA LOCK WASHER, BY PRODUCT, 2017-2025 ($MILLION)
TABLE 25.          NORTH AMERICA LOCK WASHER, BY APPLICATION, 2017-2025 ($MILLION)
TABLE 26.          NORTH AMERICA LOCK WASHER, BY COUNTRY, 2017-2025 ($MILLION)
TABLE 27.          EUROPE LOCK WASHER, BY PRODUCT, 2017-2025 ($MILLION)
TABLE 28.          EUROPE LOCK WASHER, BY APPLICATION, 2017-2025 ($MILLION)
TABLE 29.          EUROPE LOCK WASHER, BY COUNTRY, 2017-2025 ($MILLION)
TABLE 30.          ASIA PACIFIC LOCK WASHER, BY PRODUCT, 2017-2025 ($MILLION)
TABLE 31.          ASIA PACIFIC LOCK WASHER, BY APPLICATION, 2017-2025 ($MILLION)
TABLE 32.          ASIA PACIFIC LOCK WASHER, BY COUNTRY, 2017-2025 ($MILLION)
TABLE 33.          LAMEA LOCK WASHER, BY PRODUCT, 2017-2025 ($MILLION)
TABLE 34.          LAMEA LOCK WASHER, BY APPLICATION, 2017-2025 ($MILLION)
TABLE 35.          LAMEA LOCK WASHER, BY COUNTRY, 2017-2025 ($MILLION)
TABLE 36.          NORD-LOCK: COMPANY SNAPSHOT
TABLE 37.          NORD-LOCK: OPERATING SEGMENTS
TABLE 38.          SHAKEPROOF: COMPANY SNAPSHOT
TABLE 39.          SHAKEPROOF: OPERATING SEGMENTS
TABLE 40.          DISC LOCK INC: COMPANY SNAPSHOT
TABLE 41.          DISC LOCK INC: OPERATING SEGMENTS
TABLE 42.          SCHNORR: COMPANY SNAPSHOT
TABLE 43.          SCHNORR: OPERATING SEGMENTS
TABLE 44.          TITAN FASTENERS: COMPANY SNAPSHOT
TABLE 45.          TITAN FASTENERS: OPERATING SEGMENTS
TABLE 46.          HANGZHOU SPRING WASHER CO LTD.: COMPANY SNAPSHOT
TABLE 47.          HANGZHOU SPRING WASHER CO LTD.: OPERATING SEGMENTS
TABLE 48.          MIDWEST ACORN NUT CO.: COMPANY SNAPSHOT
TABLE 49.          MIDWEST ACORN NUT CO.: OPERATING SEGMENTS
TABLE 50.          HEICO-LOCK: COMPANY SNAPSHOT
TABLE 51.          HEICO-LOCK: OPERATING SEGMENTS
TABLE 52.          EARNEST MACHINE: COMPANY SNAPSHOT
TABLE 53.          EARNEST MACHINE: OPERATING SEGMENTS
TABLE 54.          WROUGHT WASHER MANUFACTURING INC.: COMPANY SNAPSHOT
TABLE 55.          WROUGHT WASHER MANUFACTURING INC.: OPERATING SEGMENTS

LIST OF FIGURES

FIGURE 1.           GLOBALLOCK WASHER MARKET SEGMENTATION
FIGURE 2.           TOP INVESTMENT POCKET
FIGURE 3.           TOP WINNING STRATEGIES (%)
FIGURE 4.           LOCK WASHER MARKET FOR AUTOMOTIVE, 2017-2025 ($MILLION)
FIGURE 5.           LOCK WASHER MARKET FOR AEROSPACE, 2017-2025 ($MILLION)
FIGURE 6.           LOCK WASHER MARKET FOR MACHINERY AND EQUIPMENT, 2017-2025 ($MILLION)
FIGURE 7.           LOCK WASHER MARKET FOR CONSTRUCTION, 2017-2025 ($MILLION)
FIGURE 8.           LOCK WASHER MARKET FOR OTHERS, 2017-2025 ($MILLION)
FIGURE 9.           LOCK WASHER MARKET FOR AUTOMOTIVE, 2017-2025 ($MILLION)
FIGURE 10.           LOCK WASHER MARKET FOR AEROSPACE, 2017-2025 ($MILLION)
FIGURE 11.           LOCK WASHER MARKET FOR MACHINERY AND EQUIPMENT, 2017-2025 ($MILLION)
FIGURE 12.           LOCK WASHER MARKET FOR CONSTRUCTION, 2017-2025 ($MILLION)
FIGURE 13.           LOCK WASHER MARKET FOR OTHERS, 2017-2025 ($MILLION)
FIGURE 14.           GLOBAL LOCK WASHER, BY REGION, 2015 (%)
FIGURE 15.       US LOCK WASHER MARKET, 2017-2025 ($MILLION)
FIGURE 16.        CANADA LOCK WASHER MARKET, 2017-2025 ($MILLION)
FIGURE 17.        MEXICO LOCK WASHER MARKET, 2017-2025 ($MILLION)
FIGURE 18.       UK LOCK WASHER MARKET, 2017-2025 ($MILLION)
FIGURE 19.        GERMANY LOCK WASHER MARKET, 2017-2025 ($MILLION)
FIGURE 20.        FRANCE LOCK WASHER MARKET, 2017-2025 ($MILLION)
FIGURE 21.        SPAIN LOCK WASHER MARKET, 2017-2025 ($MILLION)
FIGURE 22.        RUSSIA LOCK WASHER MARKET, 2017-2025 ($MILLION)
FIGURE 23.        REST OF EUROPE LOCK WASHER MARKET, 2017-2025 ($MILLION)
FIGURE 24.       CHINA LOCK WASHER MARKET, 2017-2025 ($MILLION)
FIGURE 25.        INDIA LOCK WASHER MARKET, 2017-2025 ($MILLION)
FIGURE 26.        JAPAN LOCK WASHER MARKET, 2017-2025 ($MILLION)
FIGURE 27.        SOUTH KOREA LOCK WASHER MARKET, 2017-2025 ($MILLION)
FIGURE 28.        REST OF ASIA PACIFIC LOCK WASHER MARKET, 2017-2025 ($MILLION)
FIGURE 29.       LATIN AMERICA LOCK WASHER MARKET, 2017-2025 ($MILLION)
FIGURE 30.        MIDDLE EAST LOCK WASHER MARKET, 2017-2025 ($MILLION)
FIGURE 31.        AFRICA LOCK WASHER MARKET, 2017-2025 ($MILLION)

 
 

The global lock washer market is witnessing considerable growth in the emerging markets such as India, China, Latin America, and others. Furthermore, growth in the automotive, aerospace, machinery, and construction industries and demand for better quality lock washers are some of the major factors that drive the growth of the lock washer market during the forecast period. In addition, increase in industrialization and urbanization, particularly in the emerging markets, is further expected to fuel the market growth. However, increase in risk of corrosion, rise in prices of steel & iron, and fluctuating foreign exchange are anticipated to hinder the market growth.

Asia-Pacific is witnessing the highest demand for lock washers, followed by North America, Europe, and LAMEA. The highest share of the Asia-Pacific market is attributable to an increase in demand for maintenance and repair activities, increased construction activities, and growth in automotive industry.

In addition, various leading manufacturers such as Nord-Lock, Shakeproof, Disc-Lock Inc., Schnorr, Titan Fasteners, Hangzhou spring washer Co., Ltd., Midwest Acorn Nut Co., HEICO-LOCK (HWICO Group), Earnest Machine, and Wrought Washer Manufacturing, Inc. occupy a prominent revenue share in the lock washer market.

 

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