About Locking Nuts
The locking nuts, also called as self-locking nuts resist loosening under torque and vibrations. Increasing applications of these nuts in end-use industries such as transportation, aerospace, automotive, and others strengthening the product demand. Moreover, growing focus on automation across numerous industry verticals and increasing demand form the developing economies expected to fuel the market growth during the forecasted period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Market players are focusing on partnerships, collaborations, and new product launches in order to increase their offerings in the locking nut market. In addition, companies are focusing on increasing their client base to strengthen market position and to enhance product offerings. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Locking Nuts market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Fastenright Limited (United Kingdom), Aircraft Locknut Manufacturers Association (United States), MISUMI Corporation (Japan), Penn Engineering (United States), Ketan Manufacturing Company (India), Chin Hsing Precision Industry Co., Ltd (Taiwan), Hard Lock Industry Co., Ltd. (Japan) and Asiad Steels (India) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Cheran Rivets (India) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Locking Nuts market by , Application (Construction, Power Generation, Transportation and Other) and Region.
On the basis of geography, the market of Locking Nuts has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel , the sub-segment i.e. Online Retail will boost the Locking Nuts market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Vertical , the sub-segment i.e. Aviation will boost the Locking Nuts market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Metal will boost the Locking Nuts market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Development in Advanced Type Locking System
Market Growth Drivers:
Growing Application of Locking in Various End-Use Industries and Increasing Government Investments in Infrastructural Development
Challenges:
Lack of Awareness among End-Users
Restraints:
Fragile Structure of Locking Nuts
Opportunities:
Growing Focus on Automation across Numerous Industry Verticals and Increasing Demand Form the Developing Economies
Market Leaders and their expansionary development strategies
In November 2022, Colony Hardware Inc., which is headquartered in Orange, announced it has acquired B&L Bolt, Inc., and Slip-On Lock Nut LLC, a Michigan-based distributor of struts, fasteners, power tools and other supplies to construction and industrial customers.
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Key Target Audience
Locking Nuts Manufacturers, Locking Nuts Distributors, Government Agencies, Commercial Research & Development Institutions, Government Organizations, Research Organizations, and Consulting Firms, Trade Associations and Industry Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.