Market Overview:
The global RENY Hexagon Nuts 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 hexagon nuts in various applications, such as machinery, electronics, construction, automotive & transportation and others. Asia Pacific is expected to be the fastest-growing region during the forecast period owing to the growing demand for hexagon nuts from countries such as China and India.
Product Definition:
A hexagon nut is a type of nut that has six sides. It is tightened with a wrench or pliers. Hexagon nuts are used in many applications, including construction, automotive repair, and plumbing.
Metric Hexagon Nuts:
Metric hexagon nuts are used in fasteners that are to be installed in a structural component of an assembly. They have six legs, which provide greater contact area with the nut driver, resulting in better retention and superior holding power. The metric hexagon nuts are manufactured from several raw materials including titanium alloy and stainless steel among others. The manufacturing process involves several steps such as heat treatment, forming, machining etc.
Inch Hexagon Nuts:
Inch hexagon nuts are used in RENY Hexagon Nuts. The inch hexagonal nut is a six-sided nut with an inch-wide flange around the perimeter of each side. It has a female thread on one end and a male engagement surface on the other end, which forms an interference fit with the receiving member or fastener.
Application Insights:
The machinery segment accounted for the largest share of over 40% in 2017. The demand is expected to be high from this sector as it is widely used in various industries such as construction, mining, automotive and transportation. Hexagon nuts are used with hexagonal bolts and screws that are manufactured using alloy steel or stainless steel according to application requirements.
Electronics was the second-largest application segment in 2017. The demand for hexagon nuts from this sector is increasing due to their use with electronic components which require a high degree of precision during manufacturing process along with strong magnetic properties which help retain electronic parts securely during vibration or movement on hard surfaces such as desks or shelves. Electronics manufacturers usually have standard sizes of these nuts that they request from suppliers making them an ideal candidate for fasteners within the assembly line process where space constraints occur frequently.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising investments in industrial infrastructure, growing manufacturing sector, and increasing demand for electronic products. Furthermore, China has become a major hub for automotive production owing to low labor costs as compared to other countries such as Germany or Japan. This trend is projected to continue over the next eight years which will have a positive impact on regional growth.
The electronics industry is also likely to benefit from favorable government policies such as “Make in India†initiative by Indian government which will create opportunities for electronic component manufacturers across the globe including U.S.
Growth Factors:
- Increasing demand from the automotive industry for hexagon nuts as fasteners.
- Growing popularity of hexagon nuts in construction and engineering industries for their high strength-to-weight ratio.
- Rising demand from the aerospace industry for lightweight and high-strength hexagon nuts.
- Increasing use of hexagon nuts in electrical and electronic equipment owing to their corrosion resistance properties.
- Technological advancements that have led to the development of new grades of stainless steel, aluminum, and titanium alloys that are being used in manufacturing hexagon nuts, thereby boosting market growth
Scope Of The Report
Report Attributes
Report Details
Report Title
RENY Hexagon Nuts Market Research Report
By Type
Metric Hexagon Nuts, Inch Hexagon Nuts
By Application
Machinery, Electronics, Construction, Automotive & Transportation, Others
By Companies
Hirosugi-Keiki, Nabeya Bi-tech, Nippon Chemical Screw
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
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global RENY Hexagon Nuts Market Report Segments:
The global RENY Hexagon Nuts market is segmented on the basis of:
Types
Metric Hexagon Nuts, Inch Hexagon Nuts
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
Machinery, Electronics, Construction, Automotive & Transportation, 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:
- Hirosugi-Keiki
- Nabeya Bi-tech
- Nippon Chemical Screw
Highlights of The RENY Hexagon Nuts 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:
- Metric Hexagon Nuts
- Inch Hexagon Nuts
- By Application:
- Machinery
- Electronics
- Construction
- Automotive & Transportation
- 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 RENY Hexagon Nuts 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?
RENY Hexagon Nuts are hexagonal nuts with a unique shape that makes them easier to grip. They are made of stainless steel and have a black finish.
Some of the major companies in the reny hexagon nuts market are Hirosugi-Keiki, Nabeya Bi-tech, Nippon Chemical Screw.
The reny hexagon nuts market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 RENY Hexagon Nuts 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 RENY Hexagon Nuts Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 RENY Hexagon Nuts 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 RENY Hexagon Nuts 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 RENY Hexagon Nuts Market Size & Forecast, 2020-2028
4.5.1 RENY Hexagon Nuts Market Size and Y-o-Y Growth
4.5.2 RENY Hexagon Nuts 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 Metric Hexagon Nuts
5.2.2 Inch Hexagon Nuts
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 Machinery
6.2.2 Electronics
6.2.3 Construction
6.2.4 Automotive & Transportation
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global RENY Hexagon Nuts 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 RENY Hexagon Nuts 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 Metric Hexagon Nuts
9.6.2 Inch Hexagon Nuts
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 Machinery
9.10.2 Electronics
9.10.3 Construction
9.10.4 Automotive & Transportation
9.10.5 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 Metric Hexagon Nuts
10.6.2 Inch Hexagon Nuts
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 Machinery
10.10.2 Electronics
10.10.3 Construction
10.10.4 Automotive & Transportation
10.10.5 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 Metric Hexagon Nuts
11.6.2 Inch Hexagon Nuts
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 Machinery
11.10.2 Electronics
11.10.3 Construction
11.10.4 Automotive & Transportation
11.10.5 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 Metric Hexagon Nuts
12.6.2 Inch Hexagon Nuts
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 Machinery
12.10.2 Electronics
12.10.3 Construction
12.10.4 Automotive & Transportation
12.10.5 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 Metric Hexagon Nuts
13.6.2 Inch Hexagon Nuts
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 Machinery
13.10.2 Electronics
13.10.3 Construction
13.10.4 Automotive & Transportation
13.10.5 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 RENY Hexagon Nuts Market: Competitive Dashboard
14.2 Global RENY Hexagon Nuts Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Hirosugi-Keiki
14.3.2 Nabeya Bi-tech
14.3.3 Nippon Chemical Screw
