Global Wire Thread Inserts Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Wire Thread Inserts Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Wire thread inserts are helically coiled fastening devices that provide permanent, wear-resistant screw threads that exceed the strength of most parent material; the inserts are designed to protect tapped holes against failures due to stripping, seizing, corrosion, and wear.

Market Overview:

The latest research study on the global Wire Thread Inserts market finds that the global Wire Thread Inserts market reached a value of USD 424.28 million in 2022. It’s expected that the market will achieve USD 557.93 million by 2028, exhibiting a CAGR of 4.67% during the forecast period.

Good product performance

Threaded inserts are fabricated in two main ways: in a solid configuration by machining solid metal bars, or by coiling wire in a tight fashion to act like threads. Wire Thread Inserts don not have the same torque and pullout capacity as solid metal inserts, but they are a less expensive option that has many benefits, including durability and reliability. Wire thread inserts are light and small and can be introduced into a product design without prior accommodations. Wire thread inserts also enable the use of thinner parent materials without sacrificing quality. Wire inserts also reduce stripping, wear, and corrosion of tapped threads and better distribute residual stress loading into the coiled design. What is more, wire thread inserts can operate in conditions where elevated heat levels are present. Wire thread insert good product performance promotes the increasing demand in its downstream market.

Homogeneous production competition

Homogenization of products has always been one of the difficult problems for Wire Thread Inserts enterprises. Some small and medium-sized enterprises in the industry have invested less in product and technology research and development, and mainly seized the market at a relatively low price. Therefore, the Wire Thread Inserts industry in some areas with lax supervision presents some disorderly competition and homogenization of products. These problems not only affect the profitability of Wire Thread Inserts enterprises, but also are not conducive to the healthy and sustainable development of Wire Thread Inserts industry.

Region Overview:

In 2021, the share of the Wire Thread Inserts market in Asia Pacific stood at 35.56%.

Company Overview:

STANLEY Engineered Fastening is one of the major players operating in the Wire Thread Inserts market, holding a share of 22.34% in 2022.

STANLEY Engineered Fastening

STANLEY Engineered Fastening designs and manufactures engineered mechanical fastening services. The Company's products include break system, lockbolt, threaded, self-piercing, and installation tools. STANLEY Engineered Fastening serves customers in the electronics, automotive, construction, industrial, commercial, and aerospace industries worldwide.

Böllhoff

Böllhoff is a global partner for 360 joining technology with assembly and logistics solutions. Family-run since 1877, the company stands for long-term success through innovative capacity and local presence. As a fastening specialist, Böllhoff knows the specific requirements of its customers from all industries and supports them in enabling successful connections. At Böllhoff, more than 3,000 employees continuously shape the future of joining technology-both at the headquarters in Bielefeld, Germany, and in the subsidiaries around the world. In this way, the company generated a turnover of 545 million euros in 2020.

Segmentation Overview:

By type, Screw Locking Inserts segment accounted for the largest share of market in 2021.

Free Running Inserts

Free-running helical coils are extremely flexible inserts designed so that each coil in the helical insert can independently adjust to the fastener threads. This enables more surface contact between the coil and the parent materials, which creates a stronger and more reliable seal because the load is evenly distributed. One of the advantages of using a helical insert is it increases fastener strength and longevity. Free-running coil inserts reduce stress and fatigue while maximizing thread strength and increasing reliability. Free-running helical inserts are available in both tanged and tang-free designs.

Screw Locking Inserts

Screw-locking helical inserts provide added strength. In a screw-locking insert, the coil includes one or more straight segments. When the bolt is inserted, these segments flex outward, placing added pressure on the bolt thread and the walls of the drill hole. These locking coils make for even stronger, longer-lasting connections.

Application Overview:

The market's largest segment by application is the segment Automotive Industry, with a market share of 44.52% in 2021.

Key Companies in the global Wire Thread Inserts market covered in Chapter 3:

KATO Fastening Systems
Xinxiang Zhongguan
Helical Wire, Inc.
VÖLKEL
Böllhoff
Xinxiang Donghai Industry
STANLEY Engineered Fastening
Shenzhen Civada
Harishrum Engineers (Gripcoil)
KVT-Fastening (Bossard)
E-Z LOK (Tool Components)
Dalian Andi
Chrislynn Inserts
AMECA
Helisert Insert Fasteners
BAER Vertriebs GmbH
Bordo International
HONSEL
Howmet Aerospace
WTI Fasteners

In Chapter 4 and Chapter 14.2, on the basis of types, the Wire Thread Inserts market from 2018 to 2029 is primarily split into:

Free Running Inserts
Screw Locking Inserts

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Wire Thread Inserts market from 2018 to 2029 covers:

Automotive Industry
Electric and Electronics
Aerospace and Defense
Machinery Industry
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)