Lock Washer Market: Recent Industry Developments and Growth Strategies Adopted bPosted by Harshad Borde on August 8th, 2019 Generally, a lock washer is shaped as a thin disk with a hole in the middle. The lock washer is primarily used for distributing the tension of a threaded fastener. In most cases, lock washer has an outer diameter that is double in size as compared to its inner diameter. This may vary as per different designs. Steel is the most commonly used metal for the production of the lock washers. There are different types of steels used for the production of lock washers such as stainless steel, spring steel, and carbon steel. These lock washers are also produced with the help of other metals such as bronze, zinc, aluminum, iron, brass, and copper. Global Lock Washer Market: Notable Developments Some of the key developments in the global lock washer market are given below:
Some of the other companies in the global lock washer market include names such as Midwest Acorn Nut Co., Hangzhou Spring Washer Co. Ltd., Nord Lock, Disc Lock Inc., Titan Fasteners Inc., and Schnorr among others. Global Lock Washer Market: Drivers and Restraints Given below are some of the key driving factors for the growth of the global lock washer market:
Looking for exclusive market insights from business experts? Request a Brochure Global Lock Washer Market: Geographical Outlook The global lock washer market is segmented into key geographical regions such as North America, Latin America, the Middle East and Africa, Europe, and Asia Pacific. The size of the lock washer market in Europe and the US is not high. On the other hand, Asia Pacific is projected to witness a huge growth potential over the course of the given forecast period of 2019 to 2027. This growth of the Asia Pacific market is mainly attributed to rising demand for the activities of construction, maintenance, and repairs coupled with the growth of the automotive industry. The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications. Like it? Share it!More by this author |