What is Global Thread Inserts for Metal Market?
The Global Thread Inserts for Metal Market is a fascinating sector that focuses on the production and distribution of thread inserts specifically designed for metal applications. These thread inserts are essentially small, cylindrical metal parts with internal threads that are used to repair damaged threads in metal materials or to create stronger threads in original equipment. They are typically made from high-strength steel or other durable metals and are designed to be easily installed and removed without damaging the parent material. The market for these specialized components is vast and varied, encompassing a wide range of industries and applications worldwide. The global reach of this market is a testament to the universal need for durable, reliable thread inserts in a variety of metalworking applications.
Tanged Thread Inserts, Tangless Thread Inserts in the Global Thread Inserts for Metal Market:
The Global Thread Inserts for Metal Market is divided into two main categories: Tanged Thread Inserts and Tangless Thread Inserts. Tanged Thread Inserts are traditional thread inserts that feature a tang at one end, which is used for installation and removal. On the other hand, Tangless Thread Inserts are a newer innovation that eliminates the need for a tang, making them easier to install and remove without the risk of tang breakage. Both types of thread inserts have their own unique advantages and are used in different applications depending on the specific requirements of the job. The market for both Tanged and Tangless Thread Inserts is robust and continues to grow as more industries recognize the benefits of these versatile components.
Automotive Industry, Electric & Electronics, Aerospace & Defense, Machinery Industry, Others in the Global Thread Inserts for Metal Market:
The Global Thread Inserts for Metal Market finds its application in a variety of sectors including the Automotive Industry, Electric & Electronics, Aerospace & Defense, Machinery Industry, and others. In the Automotive Industry, thread inserts are used in the manufacturing and repair of various automotive parts. In the Electric & Electronics sector, they are used in the assembly of electronic devices and appliances. The Aerospace & Defense sector uses thread inserts in the manufacturing and maintenance of aircraft and defense equipment. In the Machinery Industry, thread inserts are used in the production and repair of various types of machinery. Other industries also make use of thread inserts for a variety of applications, further expanding the reach of the Global Thread Inserts for Metal Market.
Global Thread Inserts for Metal Market Outlook:
Looking at the market outlook, the Global Thread Inserts for Metal Market was valued at a substantial US$ 331.3 million in 2023. The market is expected to experience a steady growth, with projections estimating it to reach a value of US$ 408.6 million by 2030. This represents a Compound Annual Growth Rate (CAGR) of 3.1% during the forecast period from 2024 to 2030. This steady growth is a testament to the increasing demand for high-quality thread inserts in a variety of industries worldwide. The market's potential for growth is further underscored by the ongoing advancements in thread insert technology and the expanding range of applications for these versatile components.
| Report Metric | Details |
| Report Name | Thread Inserts for Metal Market |
| Accounted market size in 2023 | US$ 331.3 million |
| Forecasted market size in 2030 | US$ 408.6 million |
| CAGR | 3.1% |
| 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 | Wilhelm Böllhoff GmbH & Co. KG, STANLEY, Amecoil, KATO Fastening Systems, Recoil, Tool Components (E-Z LOK), Helical Wire, Bordo International, HONSEL, WTI Fasteners, KKV, 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 |
