Global Washer Market Growth 2023-2029

Global Washer Market Growth 2023-2029

A washer is a thin plate (typically disk-shaped, but sometimes square) with a hole (typically in the middle) that is normally used to distribute the load of a threaded fastener, such as a bolt or nut. Other uses are as a spacer, spring (Belleville washer, wave washer), wear pad, preload indicating device, locking device, and to reduce vibration (rubber washer).

LPI (LP Information)' newest research report, the “Washer Industry Forecast” looks at past sales and reviews total world Washer sales in 2022, providing a comprehensive analysis by region and market sector of projected Washer sales for 2023 through 2029. With Washer sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Washer industry.

This Insight Report provides a comprehensive analysis of the global Washer landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Washer portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Washer market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Washer and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Washer.

The global Washer market size is projected to grow from US$ 1785.8 million in 2022 to US$ 2060.4 million in 2029; it is expected to grow at a CAGR of 2060.4 from 2023 to 2029.

Global top 3 manufacturers of washer are Würth, Bossard and Shanghai PMC. These 3 players account for about 15% of market share. Geographically speaking, Asia-Pacific is the largest market, accounting for over 45% of global market share, followed by Europe with about 25% of market share. In terms of type, plain washer holds an important market share of over 50%, followed by spring washer with about 30% share. In terms of application, automotive and construction industry are the top 2 largest end user, accounting for about 40% of market share in total.

This report presents a comprehensive overview, market shares, and growth opportunities of Washer market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Plain Washer
Spring Washer
Locking Washer
Other

Segmentation by application
Automotive Industry
Electronics
Machinery Industry
Construction Industry
MRO
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Würth
Bossard
Shanghai PMC
Nord-Lock
Fontana Gruppo
Schnorr
Growermetal
STANLEY
Ciser
MW Industries
PCC
LISI
HEICO
Gem-Year
Mubea
Aoyama Seisakusho
Araymond
ITW Shakeproof
TR Fastenings
Boltun Corporation

Key Questions Addressed in this Report

What is the 10-year outlook for the global Washer market?

What factors are driving Washer market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Washer market opportunities vary by end market size?

How does Washer break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.