Lock washers are specially designed to keep threaded fasteners from loosening. They prevent vibrations and some have external teeth to prevent rotation. These washers are often found in airplanes and in structural applications.
Currently, The industry concentration is low, the technical barriers and financial barriers of Lock Washers are also low. The companies in the world that produce Lock Washers mainly concentrate in North America, Europe, China, Japan, Southeast Asia and India, Raw materials are also concentrated in these regions. In particular, as the market leader in Lock Washers, NORD-LOCK take the global market share of about 0.20%, other key manufacturers include NORD-LOCK , Disc-Lock, Schnorr, Shakeproof, Tiger-Tight, Midwest Acorn Nut, Earnest, HEICO-LOCK, Shinedason, Titan Fasteners. The production of Lock Washers increased from 41776 Million Units in 2011 to 63470 Million Units in 2016, with an average growth rate of 8.73%. Global Lock Washers capacity utilization rate remained at around 71.37% in 2016.
In consumption market, the growth rate of global consumption is smooth relatively. North America, Europe, China, Japan, Southeast Asia, India are still the mainly consumption regions due to the advanced production technology and rapid development of economy. The global market for Lock Washers is expected to reach about 10741.42 M USD by 2022 from 8548.91 M USD in 2016.
Lock Washers can be classified as two types, such as Pin and Wire. It can be widely used in many industries. Survey results showed that 40.41% of the Lock Washers market is Split, 39.16% is External & Internal Star, 20.38% divided among others in 2016. With the development of economy, Countries increasingly stringent requirements，these industries will need more Lock Washers. So, Lock Washers has a huge market potential in the future.

The Global Lock Washers Market was valued at xxx million USD with a CAGR xx% from 2018-2022. Subsequently, it will touch xxx million USD in 2023 with a CAGR xx % from 2023 - 2030.

In the global Lock Washers Market, This report focuses particularly in North America, South America, Europe and Asia-Pacific, and Middle East and Africa. This report classifies the Market on the basis of application, type, regions, and manufactures.

In Market segmentation by manufacturers, the report covers the following companies-

NORD-LOCK
Disc-Lock
Schnorr
Shakeproof
Tiger-Tight
Midwest Acorn Nut
Earnest
HEICO-LOCK
Shinedason
Titan Fasteners

In Market segmentation by geographical regions, the report has analysed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

In Market segmentation by types :

Internal& External Star
Split
Others
In Market segmentation by applications :

Automotive
Machinery & Equipment
Airplane
Structural applications
Others

The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Lock Washers Market for the forecast period 2023 - 2030?
• What are the driving forces in the Lock Washers Market for the forecast period 2023 - 2030?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the Lock Washers industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players?
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Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.

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