What is Global Heli-Coil Thread Inserts Market?
The Global Heli-Coil Thread Inserts Market is a specialized sector within the larger global market that focuses on the production and distribution of heli-coil thread inserts. These are small, coiled wires that are used in a variety of industries to create strong, wear-resistant threads in softer materials like aluminum or plastic. The heli-coil thread inserts market is a crucial part of the manufacturing industry, providing essential components that help to increase the longevity and durability of a wide range of products. The market is driven by the demand for these inserts in various industries, including automotive, aerospace, and electronics, among others. The global reach of this market means that it is influenced by a variety of factors, including economic conditions, technological advancements, and industry trends.
Tanged Thread Inserts, Tangless Thread Inserts in the Global Heli-Coil Thread Inserts Market:
Tanged Thread Inserts and Tangless Thread Inserts are two major types of heli-coil thread inserts that are widely used in the Global Heli-Coil Thread Inserts Market. Tanged Thread Inserts are characterized by their tang at one end, which is used for installation and then broken off. They are typically used in applications where strong, wear-resistant threads are needed. On the other hand, Tangless Thread Inserts are a newer innovation that eliminates the need for a tang. They are installed using a special tool, making them easier to use and reducing the risk of damage to the parent material. Both types of inserts have their own unique advantages and are chosen based on the specific requirements of the application. The choice between tanged and tangless thread inserts can significantly impact the performance and longevity of the final product.
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 application in a variety of sectors including Automotive, Electric and Electronics, Aerospace and Defense, Machinery, and Others. In the automotive industry, these inserts are used in the manufacturing of vehicles to ensure the durability and longevity of various components. In the electric and electronics industry, they are used in the production of a wide range of products, from household appliances to high-tech gadgets. The aerospace and defense sector uses these inserts in the manufacturing of aircraft and defense equipment, where they help to enhance the performance and reliability of these machines. In the machinery industry, heli-coil thread inserts are used in the production of various types of machinery, contributing to their efficiency and durability.
Global Heli-Coil Thread Inserts Market Outlook:
Looking at the market outlook for the Global Heli-Coil Thread Inserts Market, it is clear that this sector is set for steady growth. In 2023, the market was valued at US$ 417 million and it is projected to reach a value of US$ 517.7 million by 2030. This represents a compound annual growth rate (CAGR) of 3.1% during the forecast period from 2024 to 2030. The market is dominated by the top five manufacturers, who collectively hold a market share of over 65%. In terms of product types, Tanged Thread Inserts are the most popular, accounting for over 60% of the market share.
| Report Metric | Details |
| Report Name | Heli-Coil Thread Inserts Market |
| Accounted market size in 2023 | US$ 417 million |
| Forecasted market size in 2030 | US$ 517.7 million |
| CAGR | 3.1% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
|
| Segment by Application |
|
| Production by Region |
|
| Consumption by Region |
|
| 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 |
