Market Overview:
The global double lock nut market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for double lock nuts in various applications, such as chemical industry, pulp and paper industry, construction industry, industrial machines, shipbuilding industry and others. In terms of type, round head double lock nut is expected to hold a major share of the global market during the forecast period. Hexagon head double lock nut is also anticipated to witness significant growth during the same period owing to its properties such as high tensile strength and resistance against vibration.
Product Definition:
A double lock nut is a type of nut that has two locking mechanisms, making it more secure than a regular nut. It is important to use a double locknut when working with heavy or high-stress loads, as it can help keep the nuts from coming loose.
Round Head Double Lock Nut:
Round Head Double Lock Nut is a variant of the standard double lock nut. It has two washers, one between the body and cap, and another between the cap and threads. The design goal of this variant is to reduce play in fastening components by making them stronger.
This design goal has been achieved by increasing the strength of both parts in comparison with a standard double lock nut where only one part is washer-shaped.
Hexagon Head Double Lock Nut:
The hexagon head double lock nut is a special type of fastening device used in the construction industry. It consists of six threads and has an outer diameter of 1.5 inches which makes it larger than most other nuts and bolts. The large size helps to accommodate pipes, wires, or cables with greater ease as compared to other nuts and bolts available in the market currently.
Application Insights:
The construction industry led the global double lock nut market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing infrastructure spending in emerging economies across the Asia Pacific region, such as China, India and Japan. In addition, rapid urbanization coupled with rising housing needs is likely to drive demand for steel products including nuts and bolts in construction activities globally.
In terms of revenue, chemical industry accounted for a 23% share of the global total in 2017 owing to growing petrochemical investments across Middle East countries including Saudi Arabia and Iran which are anticipated to fuel product demand over the next eight years from 2018to 2030.
Regional Analysis:
Asia Pacific dominated the global double lock nut market in 2017 and is expected to continue its dominance over the next eight years. The growth of this region can be attributed to increasing infrastructure activities, especially in developing countries such as China and India. Growing demand for industrial machinery coupled with rising investments by multinational companies for expanding their business operations is also anticipated to drive the market growth over the forecast period.
The chemical industry has witnessed significant development across Asia Pacific since past few years on account of rapid expansion of manufacturing facilities by major chemical manufacturers including BASF SE, Chevron Phillips Chemical Co., LyondellBasell Industries AG among others due to availability of cheap labor and raw material supply at minimal cost. This factor is projected to further fuel product demand during the forecast period.
Growth Factors:
- Increasing demand from the automotive industry for Double Lock Nut products as a result of their high quality and durability.
- Growing popularity of Double Lock Nut products in construction and engineering sectors due to their ability to withstand high pressure and torque loads.
- Rising demand for Double Lock Nut products in the aerospace industry on account of their lightweight design and superior strength-to-weight ratio.
- Proliferation of e-commerce platforms that offer a wide range of Double Lock Nut products at competitive prices, enabling consumers to purchase these items with ease.
Scope Of The Report
Report Attributes
Report Details
Report Title
Double Lock Nut Market Research Report
By Type
Round Head Double Lock Nut, Hexagon Head Double Lock Nut, Others
By Application
Chemical Industry, Pulp and Paper Industry, Construction Industry, Industrial Machines, Shipbuilding Industry, Others
By Companies
Misumi Group, JF Engineering Products, Fuji Seisakusho Co, Novaria Group, Pencom, Wyandotte Industries, Inc, National Bolt & Nut Corp, Beijing Ron-En Machinery & Integration Co, SAJJ Global, Hardlock Industry Co, Hamada MFG. Co
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
208
Number of Tables & Figures
146
Customization Available
Yes, the report can be customized as per your need.
Global Double Lock Nut Market Report Segments:
The global Double Lock Nut market is segmented on the basis of:
Types
Round Head Double Lock Nut, Hexagon Head Double Lock Nut, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Chemical Industry, Pulp and Paper Industry, Construction Industry, Industrial Machines, Shipbuilding Industry, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Misumi Group
- JF Engineering Products
- Fuji Seisakusho Co
- Novaria Group
- Pencom
- Wyandotte Industries, Inc
- National Bolt & Nut Corp
- Beijing Ron-En Machinery & Integration Co
- SAJJ Global
- Hardlock Industry Co
- Hamada MFG. Co
Highlights of The Double Lock Nut Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Round Head Double Lock Nut
- Hexagon Head Double Lock Nut
- Others
- By Application:
- Chemical Industry
- Pulp and Paper Industry
- Construction Industry
- Industrial Machines
- Shipbuilding Industry
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Double Lock Nut Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Double Lock Nut is a type of locking nut that has two sets of threads on the inside and outside. This allows it to be tightened or loosened in two different directions, which makes it more secure than a standard nut.
Some of the major companies in the double lock nut market are Misumi Group, JF Engineering Products, Fuji Seisakusho Co, Novaria Group, Pencom, Wyandotte Industries, Inc, National Bolt & Nut Corp, Beijing Ron-En Machinery & Integration Co, SAJJ Global, Hardlock Industry Co, Hamada MFG. Co.
The double lock nut market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Double Lock Nut Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Double Lock Nut Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Double Lock Nut Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Double Lock Nut Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Double Lock Nut Market Size & Forecast, 2020-2028
4.5.1 Double Lock Nut Market Size and Y-o-Y Growth
4.5.2 Double Lock Nut Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Round Head Double Lock Nut
5.2.2 Hexagon Head Double Lock Nut
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Chemical Industry
6.2.2 Pulp and Paper Industry
6.2.3 Construction Industry
6.2.4 Industrial Machines
6.2.5 Shipbuilding Industry
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Double Lock Nut Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Double Lock Nut Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Round Head Double Lock Nut
9.6.2 Hexagon Head Double Lock Nut
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Chemical Industry
9.10.2 Pulp and Paper Industry
9.10.3 Construction Industry
9.10.4 Industrial Machines
9.10.5 Shipbuilding Industry
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Round Head Double Lock Nut
10.6.2 Hexagon Head Double Lock Nut
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Chemical Industry
10.10.2 Pulp and Paper Industry
10.10.3 Construction Industry
10.10.4 Industrial Machines
10.10.5 Shipbuilding Industry
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Round Head Double Lock Nut
11.6.2 Hexagon Head Double Lock Nut
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Chemical Industry
11.10.2 Pulp and Paper Industry
11.10.3 Construction Industry
11.10.4 Industrial Machines
11.10.5 Shipbuilding Industry
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Round Head Double Lock Nut
12.6.2 Hexagon Head Double Lock Nut
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Chemical Industry
12.10.2 Pulp and Paper Industry
12.10.3 Construction Industry
12.10.4 Industrial Machines
12.10.5 Shipbuilding Industry
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Round Head Double Lock Nut
13.6.2 Hexagon Head Double Lock Nut
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Chemical Industry
13.10.2 Pulp and Paper Industry
13.10.3 Construction Industry
13.10.4 Industrial Machines
13.10.5 Shipbuilding Industry
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Double Lock Nut Market: Competitive Dashboard
14.2 Global Double Lock Nut Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Misumi Group
14.3.2 JF Engineering Products
14.3.3 Fuji Seisakusho Co
14.3.4 Novaria Group
14.3.5 Pencom
14.3.6 Wyandotte Industries, Inc
14.3.7 National Bolt & Nut Corp
14.3.8 Beijing Ron-En Machinery & Integration Co
14.3.9 SAJJ Global
14.3.10 Hardlock Industry Co
14.3.11 Hamada MFG. Co
