What is Global Wire Thread Inserts Market?
The Global Wire Thread Inserts Market is a vast and dynamic sector that plays a crucial role in various industries. Wire thread inserts are essentially a fastening mechanism that is used to provide a wear-resistant thread in a softer parent material, also to repair damaged threads in any material. They are made of high precision, diamond-shaped wires that are formed into a spring-like coil. These inserts are known for their high wear resistance, low thread friction during assembly, and consistent and high prevailing torque. They are used in a variety of applications, including automotive, aerospace, and electronics, among others. The global market for these inserts is continually growing, driven by the increasing demand from various end-use industries.
Free Running Inserts, Screw Locking Inserts in the Global Wire Thread Inserts Market:
Free Running Inserts and Screw Locking Inserts are two primary types of wire thread inserts that have a significant presence in the Global Wire Thread Inserts Market. Free Running Inserts are essentially a spring-like coil of wire that provides a wear-resistant thread in a softer parent material. They are known for their high wear resistance, low thread friction during assembly, and consistent and high prevailing torque. On the other hand, Screw Locking Inserts are wire thread inserts that have a series of straight segments or “chords” to provide self-locking torque on the bolt, preventing the bolt from loosening under vibration or impact. They are widely used in applications where the joint could be subjected to vibrational or thermal cycling. Both these types of inserts have their unique features and benefits, making them suitable for various applications in different industries.
Automotive Industry, Electronics & Semiconductor, Aerospace & Defense, Machinery Industry, Others in the Global Wire Thread Inserts Market:
The Global Wire Thread Inserts Market finds its usage in various sectors such as the Automotive Industry, Electronics & Semiconductor, Aerospace & Defense, Machinery Industry, among others. In the automotive industry, these inserts are used in the manufacturing of engines, transmissions, brakes, and other critical components. They provide high wear resistance and low thread friction, which are essential for the efficient functioning of these components. In the electronics and semiconductor industry, wire thread inserts are used in the manufacturing of various electronic devices and components. They provide a reliable and durable threading solution that can withstand the high temperatures and corrosive environments typically found in this industry. Similarly, in the aerospace and defense industry, these inserts are used in the manufacturing of various aircraft and defense equipment. They offer high strength and durability, which are crucial for the reliable performance of these equipment. Lastly, in the machinery industry, wire thread inserts are used in various machines and equipment for providing a wear-resistant thread.
Global Wire Thread Inserts Market Outlook:
Looking at the market outlook for the Global Wire Thread Inserts Market, it was valued at US$ 478.2 million in 2023. The market is expected to reach a value of US$ 612 million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 3.7% during the forecast period from 2024 to 2030. The most widely used type of wire thread insert is the Screw Locking Inserts, which accounts for about 62% of the total market value. The automotive industry is the largest consumer of these inserts, occupying about 42% of the market. This growth is driven by the increasing demand for these inserts in various end-use industries, including automotive, aerospace, electronics, and machinery, among others.
| Report Metric | Details |
| Report Name | Wire Thread Inserts Market |
| Accounted market size in 2023 | US$ 478.2 million |
| Forecasted market size in 2030 | US$ 612 million |
| CAGR | 3.7% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| 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 | Böllhoff, STANLEY Engineered Fastening, AMECA, KATO Fastening Systems, Recoil (Howmet Fastening Systems), HONSEL, KVT-Fastening (Bossard), Shenyang Helisert, Helical Wire, Inc., WTI Fasteners, Chrislynn Inserts, E-Z LOK (Tool Components, Inc.), Shenzhen Civada, VÖLKEL, Bordo International, BAER Vertriebs GmbH, Xinxiang Zhongguan, Dalian Andi, Xinxiang Donghai Industry, Harishrum Engineers (Gripcoil) |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
