Lock Washer Market expected to reach growing at a CAGR of 8.2% to 2025 - Disc-Lock, Schnorr, Titan Fasteners, Hangzhou spring washer

Premium Market Insights has announced the addition of the “Lock Washer Market” The report focuses on global major leading industry players with information such as company profiles, product picture and specification.
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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The List of companies covered in this Reports are:
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.

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.

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Key Benefits for Lock Washer market:

The study provides an in-depth analysis of the global Lock Washer market along with the current & future trends to elucidate the imminent investment pockets.
Information about the key drivers, restraints, and opportunities and their impact analysis on the market is provided.
Porter's five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
The quantitative analysis of the market from 2017 to 2025 is provided to determine the market potential.

Table of Contents:
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter: 4: Lock Washer Market by Product
Chapter: 5: Lock Washer Market by Application
Chapter 6: Lock Washer Market, by Region
Chapter 7: Company Profiles

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Organization: Premium Market Insights
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This release was published on openPR.