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Global Thread Inserts Market Insight2022-01-30 Comments
Global thread inserts are forecast to 4.61% over the next five years. According to the WK-chem Research, “Global Thread Inserts Professional Survey Report 2022, Forecast to 2027”, an upsurge in different end-use product demand & industrial development are the two crucial factors boosting the demand for thread inserts, which in turn, is propelling the overall growth of the global thread inserts market. The compound annual growth rate (CAGR) for the 2022-2027 period is projected to be 4.61% base on WK-chem Research regression analysis model.
“Also, the continuous developments in the thread inserts design and technology are best suited to specific industrial applications such as heli-coil plus for aerospace and defense where space saving and lightweight parts are required. This is further fueling the growth of global thread inserts market”, said Thomas Wilson, Senior analyst, in WK-chem Research.
The growth factors of the Thread Inserts Market include growing demand for automobiles and other industrial machinery such as construction equipment, increasing need for fuel-efficient vehicles due to environmental concerns around the world. Moreover, customers are demanding products that provide good performance with low weight in order to reduce installation costs. This has boosted the demand for lightweight Thread Inserts.
There are the two main restraining factors impeding the growth of the global thread inserts market. First, installation of thread inserts is difficult and time consuming. Second, thread inserts have an alternative in the form of TIME-SERT threaded inserts.
This WK-chem Research market report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading thread inserts companies that include: STANLEY, Amecoil, KATO Fastening Systems, Recoil, Tool Components (E-Z LOK), Helical Wire, Bordo International, HONSEL, WTI Fasteners, KKV, Zhongguan, Harishrum Engineers (Gripcoil), Helisert Insert Fasteners
Segmentation of Thread Inserts Market:
According to the type, the market for thread inserts is divided into: Tanged Thread Inserts, Tangless Thread Inserts. Tangless Thread Inserts has the largest market share. Tangless thread inserts (TIs) are fasteners in which the screw and/or nut combination can be assembled without a tang. The end result is an aesthetically-pleasing, smooth surface that reduces points of stress concentration and eliminates sharp corners on mating parts where galling or seizing may occur. This form of threaded insert facilitates sealing with no need for gaskets to ensure tightness over time while providing added strength at load-bearing areas.
According to the application, the market for thread inserts is divided into: Automotive Industry, Electric & Electronics, Aerospace & Defense, Machinery Industry, Others. Automotive Industry has the largest market share. Although there are multiple benefits of using thread inserts in the automotive industry, the main reason is to increase strength and durability. The use of thread inserts also reduces vibration while providing increased rigidity. Threaded fasteners are fitted with a locking mechanism called jam nuts to prevent loosening. Thread inserts are available in different variants such as tanged thread inserts, tangles thread inserts, and self-locking.
Thread Inserts Market: Regional Analysis
In terms of geography, the global thread inserts market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa. North America is expected to command the largest share. Europe will reach second place globally owing to the high penetration rate due to different end-user applications such as the automotive industry and electric & electronics. Latin America holds low shares as compared to other regions mainly because of its limited presence in major end-user industries.
Largest share area：North America
Largest share country：United States
Product Type：Tanged Thread Inserts, Tangless Thread Inserts.
Application：Automotive Industry, Electric & Electronics, Aerospace & Defense, Machinery Industry, Others.
Leading Company：STANLEY, Amecoil, KATO Fastening Systems, Recoil, Tool Components (E-Z LOK)