Market Overview:
The global shaft locking pins 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 shaft locking pins in various applications, such as industrial, agricultural and consumer goods. In addition, the growing demand for round and square shaft locking pins is also contributing to the growth of this market.
Product Definition:
Shaft Locking Pins are used to keep the shaft from rotating. This is important because it allows for work to be done on the shaft without it moving.
Round Shaft Locking Pins:
Round shaft locking pins are used in the manufacturing of automotive and heavy machinery parts. The round shaft locking pin is a cylindrical device made from steel or other metals. It has a diameter which is slightly larger than the outer diameter of the shaft it's attached to, and has an internal thread which allows it to be secured into position using an hexagonal nut at each end.
Square Shaft Locking Pins:
The square shaft locking pins are used in the end of a square shaped shaft to prevent it from turning. These are most commonly used on the rear ends of drawbars and other hand tools that have square-shaped handles. They also help to keep the tool steady while using it for drilling, cutting or sanding purposes. The main function of these types of pins is to provide a secure fit so as to avoid any movement or rotation within the components at both ends i.e.
Application Insights:
The industrial application segment accounted for the largest revenue share of over 50% in 2017. The demand is expected to be driven by the growing manufacturing sector in developing countries including China, India, and Brazil. Furthermore, shaft locking pins are used for preventing accidental disengagement of a machine component during movement or handling of a heavy load on a machine. This helps in maintaining equipment reliability and extends its life cycle by avoiding frequent maintenance operations.
The agricultural application segment is projected to witness significant growth over the forecast period owing to rising mechanization activities across farms worldwide as it provides an effective solution against moving parts that could cause injury if they move unexpectedly or slip out of position while working with heavy loads on machinery or vehicles Agriculture-based companies offer customized products according to customer requirements which include size selection.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region over the forecast period. The growth can be attributed to increasing industrialization and infrastructure development in emerging economies, such as China and India. In addition, rising demand for consumer goods is anticipated to drive regional market growth over the forecast period.
The Middle East & Africa accounted for a significant share of global revenue in 2017 owing to high investments in construction activities across major countries, including Saudi Arabia and UAE. Moreover, growing oil production activities are likely to support product demand across this region during the forecast period. North America was one of the prominent markets for shaft locking pins with a revenue share of around 18% in 2017 due to high application scope within various industries coupled with stringent regulations by government agencies regarding safety standards at work places or near workplaces etc.
Growth Factors:
- Increasing demand for shaft locking pins in the automotive industry as a result of the increasing production of passenger cars and commercial vehicles.
- Growing demand for shaft locking pins from the construction sector due to the increasing construction activities across the globe.
- Rising popularity of shaft locking pins in various industrial applications such as aerospace, defense, and energy sectors due to their high performance and reliability characteristics.
- Technological advancements in manufacturing processes that have resulted in development of innovative and advanced shaft locking pin designs and products.
Scope Of The Report
Report Attributes
Report Details
Report Title
Shaft Locking Pins Market Research Report
By Type
Round Shaft Locking Pins, Square Shaft Locking Pins
By Application
Industrial, Agricultural, Consumer Goods
By Companies
PARSONS, Technifast, Valley Fasteners, ALBERT JAGGER GROUP, Sohi Overseas, New Arise Metal, JRS Farmparts, Climb international industry co.,ltd, RELEX INDUSTRIES, Essential Supplies, BARE-Co, Sparex, Ohio Diesel Parts, UNISPARES
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
193
Number of Tables & Figures
136
Customization Available
Yes, the report can be customized as per your need.
Global Shaft Locking Pins Market Report Segments:
The global Shaft Locking Pins market is segmented on the basis of:
Types
Round Shaft Locking Pins, Square Shaft Locking Pins
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
Industrial, Agricultural, Consumer Goods
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:
- PARSONS
- Technifast
- Valley Fasteners
- ALBERT JAGGER GROUP
- Sohi Overseas
- New Arise Metal
- JRS Farmparts
- Climb international industry co.,ltd
- RELEX INDUSTRIES
- Essential Supplies
- BARE-Co
- Sparex
- Ohio Diesel Parts
- UNISPARES
Highlights of The Shaft Locking Pins 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 Shaft Locking Pins
- Square Shaft Locking Pins
- By Application:
- Industrial
- Agricultural
- Consumer Goods
- 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 Shaft Locking Pins 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?
Shaft locking pins are a type of fastener that is inserted into the shaft of a piece of machinery to keep it from turning. They are typically made out of metal and have a pointed end that fits into the hole in the shaft, and a flat end that rests on top. When you insert the pin, you can tighten it by hand or with an Allen wrench.
Some of the major companies in the shaft locking pins market are PARSONS, Technifast, Valley Fasteners, ALBERT JAGGER GROUP, Sohi Overseas, New Arise Metal, JRS Farmparts, Climb international industry co.,ltd, RELEX INDUSTRIES, Essential Supplies, BARE-Co, Sparex, Ohio Diesel Parts, UNISPARES.
The shaft locking pins 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 Shaft Locking Pins 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 Shaft Locking Pins Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Shaft Locking Pins 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 Shaft Locking Pins 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 Shaft Locking Pins Market Size & Forecast, 2020-2028
4.5.1 Shaft Locking Pins Market Size and Y-o-Y Growth
4.5.2 Shaft Locking Pins 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 Shaft Locking Pins
5.2.2 Square Shaft Locking Pins
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 Industrial
6.2.2 Agricultural
6.2.3 Consumer Goods
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Shaft Locking Pins 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 Shaft Locking Pins 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 Shaft Locking Pins
9.6.2 Square Shaft Locking Pins
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 Industrial
9.10.2 Agricultural
9.10.3 Consumer Goods
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 Shaft Locking Pins
10.6.2 Square Shaft Locking Pins
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 Industrial
10.10.2 Agricultural
10.10.3 Consumer Goods
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 Shaft Locking Pins
11.6.2 Square Shaft Locking Pins
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 Industrial
11.10.2 Agricultural
11.10.3 Consumer Goods
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 Shaft Locking Pins
12.6.2 Square Shaft Locking Pins
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 Industrial
12.10.2 Agricultural
12.10.3 Consumer Goods
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 Shaft Locking Pins
13.6.2 Square Shaft Locking Pins
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 Industrial
13.10.2 Agricultural
13.10.3 Consumer Goods
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 Shaft Locking Pins Market: Competitive Dashboard
14.2 Global Shaft Locking Pins Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 PARSONS
14.3.2 Technifast
14.3.3 Valley Fasteners
14.3.4 ALBERT JAGGER GROUP
14.3.5 Sohi Overseas
14.3.6 New Arise Metal
14.3.7 JRS Farmparts
14.3.8 Climb international industry co.,ltd
14.3.9 RELEX INDUSTRIES
14.3.10 Essential Supplies
14.3.11 BARE-Co
14.3.12 Sparex
14.3.13 Ohio Diesel Parts
14.3.14 UNISPARES
