Press release
Lock Washer Market Key Business Segments Hits to $1,251.5 Million by 2025
Lock Washer Market
Primarily composed of metal, lock washers predominantly utilize steel in their manufacturing. Various steel types such as carbon steel, spring steel, and stainless steel are commonly employed. Additionally, lock washers are available in an array of other metals including copper, brass, aluminum, titanium, bronze, zinc, and iron. Among lock washer types, split and tooth lock washers emerge as the most prevalent. Split washers exhibit a ring-like appearance with uneven ends.
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The global lock washer market was valued at $673.7 million and is anticipated to burgeon to $1,251.5 million by 2025, experiencing a notable Compound Annual Growth Rate (CAGR) of 8.2% from 2018 to 2025.
The distinctive feature of split lock washers lies in their spring-like configuration. Under loads nearing the proof strength of the bolt, they undergo twisting and flattening. Tooth lock washers, on the other hand, encompass different variations such as internal, external, internal-external, and countersunk external. These washers induce a tooth action by embedding into both the nut or screw head and the surface they contact.
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Top Players:
Key market players include Nord-Lock, Schnorr, Wrought Washer Manufacturing, Earnest Machine, HEICO-LOCK (HWICO Group), Shakeproof, Disc-Lock, Titan Fasteners, Hangzhou Spring Washer Co., Ltd, and Midwest Acorn Nut Co.
Key Lock Washer Market Segments:
By Product Type -
Split
Tooth
Others
BY Application -
Automotive
Aerospace
Machinery & Equipment
Construction
Others
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