Lock Washer Market 2018 Volume, Value, Sales Price, Specification Forecast to 2025

Lock Washer Market, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years.

The global lock washer market was 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. Steel is the most common type of material used in the production of washers. Steel washers include carbon steel, spring steel, and stainless steel. Other metals in which washers are available include copper, brass, aluminum, titanium, bronze, zinc, and iron. Companies such as Nord-Lock, Shakeproof, Disc-Lock Inc., Schnorr, and other leading players occupy a major share in the lock washer market.

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Increase in demand for lock washers in the automotive, aerospace, machinery, and construction industries is expected to drive the market growth during the forecast year. In addition, growth in industrial activity across major economies will potentially drive the demand for metals that will decrease the cost of metal in the global market, thereby boosting the growth of the lock washer market. Asia-Pacific is anticipated to remain the fastest growing sector for lock washer market 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 growth of the lock washer market. However, corrosion to these washers, rise in prices of steel, and fluctuating foreign exchange are anticipated to hinder the growth of the lock washer market.
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).
Based on 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.

Top 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, and Wrought Washer Manufacturing, Inc.

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Table of contents:
1: Introduction

2: Executive Summary

3: Market Landscape

4:Lock Washer Market By Product

5:Lock Washer Market By Application

6: Lock Washer Market By Region

7: Company Profiles

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