Press release
Lock Washer Market Worth $1,251.5 Million by 2025 | by Product Type, Application
Lock Washer Market
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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 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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Key Segments
By Product Type
Split
Tooth
Others
BY Application
Automotive
Aerospace
Machinery & Equipment
Construction
Others
By Region
North America
Europe
Asia-Pacific
LAMEA
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.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of Market Research Reports and Business Intelligence Solutions. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.
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