What is Global Heli-Coil Thread Inserts Market?
The Global Heli-Coil Thread Inserts Market is a fascinating and complex sector of the global economy. Essentially, it refers to the worldwide market for Heli-Coil Thread Inserts, which are innovative devices used to repair damaged or stripped threads in a variety of materials. These inserts are helically wound, precision-formed coils of wire that act as a permanent and wear-resistant thread in the parent material. They are used in a wide range of applications, from automotive to aerospace, and are valued for their durability, reliability, and ease of use. The market for these inserts is vast and diverse, encompassing manufacturers, distributors, and end-users across the globe.
Tanged Thread Inserts, Tangless Thread Inserts in the Global Heli-Coil Thread Inserts Market:
Tanged Thread Inserts and Tangless Thread Inserts are two key product types in the Global Heli-Coil Thread Inserts Market. Tanged Thread Inserts, which have a tang at one end for installation and removal, are the largest segment in the market, accounting for over 60% of the total. These inserts are popular for their strength and versatility, and are used in a variety of applications, from repairing damaged threads to strengthening new threads in soft materials. Tangless Thread Inserts, on the other hand, are a newer innovation that eliminates the need for a tang. These inserts are installed and removed with a special tool, making them a convenient and efficient option for many users. Despite their relative novelty, Tangless Thread Inserts are rapidly gaining market share, thanks to their ease of use and the elimination of tang break-off and retrieval.
Automotive, Electric and Electronics, Aerospace and Defense, Machinery, Others in the Global Heli-Coil Thread Inserts Market:
The Global Heli-Coil Thread Inserts Market finds its usage in a variety of sectors including Automotive, Electric and Electronics, Aerospace and Defense, Machinery, among others. In the automotive sector, these inserts are used to repair damaged threads in engine blocks, cylinder heads, brake calipers, and more. In the electric and electronics sector, they are used in everything from computers to home appliances, providing a durable and reliable thread in a variety of materials. In the aerospace and defense sector, Heli-Coil Thread Inserts are used in aircraft, missiles, and other defense equipment, where their high strength and resistance to vibration are highly valued. In the machinery sector, these inserts are used in a wide range of equipment, from construction machinery to industrial machinery, providing a strong and wear-resistant thread in a variety of materials.
Global Heli-Coil Thread Inserts Market Outlook:
The Global Heli-Coil Thread Inserts Market is a dynamic and evolving sector. As of 2022, the market was valued at US$ 417 million. However, it is projected to grow at a steady pace, reaching an estimated value of US$ 517.7 million by 2029. This represents a compound annual growth rate (CAGR) of 3.1% during the forecast period from 2023 to 2029. The market is dominated by the top five manufacturers, who collectively hold a market share of over 65%. In terms of product type, Tanged Thread Inserts are the most popular, accounting for over 60% of the market. However, Tangless Thread Inserts are also gaining traction, thanks to their convenience and efficiency.
| Report Metric | Details |
| Report Name | Heli-Coil Thread Inserts Market |
| Accounted market size in 2022 | US$ 417 in million |
| Forecasted market size in 2029 | US$ 517.7 million |
| CAGR | 3.1% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Wilhelm Böllhoff GmbH and Co. KG, STANLEY, Amecoil, KATO Fastening Systems, Recoil, Tool Components (E-Z LOK), Helical Wire, Bordo International, HONSEL, WTI Fasteners, Zhongguan, Harishrum Engineers (Gripcoil), Helisert Insert Fasteners |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
