Market Overview:
The global shrink disc market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the shrink disc market can be attributed to the increasing demand for two part and three part shrink discs from various end-use industries such as wind power, heavy machinery, mining, shipbuilding, food & beverage, machine tool and others. North America is expected to hold the largest share of the global shrink disc market in 2018 followed by Europe and Asia Pacific.
Product Definition:
Shrink Disc is a type of optical disc that has been reduced in size by a factor of two or more. The use of Shrink Disc can conserve disk space and make it easier to store or transport data.
Two Part Shrink Disc:
The two-part shrink disc, also known as the shrink film or plastic DVD is a type of flexible optical disk used for storing digital data. It was initially developed to be used as a low-cost alternative to conventional rigid optical discs. The first two-part shrink films were introduced in the year 2000 and since then they have been gaining popularity due to their cost effectiveness and ease of use.
Three Part Shrink Disc:
Three part shrink disc is a type of plastic packaging that consists of three layers. The outer layer is made up of polyethylene or other high impact resistant material. In the middle there is an adhesive layer which holds the product and in the center there is a thin membrane or film which can be used to close it. It offers several advantages over traditional packaging such as lightweight, reusability, and design flexibility among others.
Application Insights:
The wind power segment dominated the global shrink disc market in 2017 and is expected to maintain its dominance over the forecast period. The growth of this application can be attributed to increasing government support for renewable energy generation coupled with rising demand for clean energy sources such as wind.
The heavy machinery segment accounted for a significant share in 2017 and is projected to grow at a steady rate over the forecast period. Shrink discs are used in heavy machinery applications including construction equipment, agricultural equipment and mining vehicles & machines among others. Growing infrastructure activities across various regions are anticipated to boost product demand over the coming years. Shrink discs find applications across several industries including food & beverage, machine tool manufacturing etc.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and is expected to continue its dominance over the forecast period. The region accounts for nearly half of global population and most of the global GDP. It is also home to several emerging economies, such as China, India, Indonesia, Vietnam and Thailand that are growing at a rapid pace owing to increasing industrialization and rising disposable income levels among people.
The Asia Pacific economy has been witnessing robust growth on account of increasing investments in various industries including wind power; heavy machinery; mining; shipbuilding etc., which have high potential for shrink disc usage. In addition, favorable government policies encouraging domestic manufacturing activities coupled with low labor costs are anticipated to drive industry expansion over the coming years.
Europe accounted for more than 25% share in 2017 owing to strong demand from end-use industries across countries including Germany; U K ; Italy etc.
Growth Factors:
- Increasing demand for data storage: The global data storage market is expected to grow from .6 billion in 2016 to .3 billion by 2021, at a CAGR of 23.2%. This is primarily attributed to the increasing volume of digital data being generated and stored every day due to the proliferation of connected devices and cloud-based services. As businesses move towards digitization, the need for efficient and reliable data storage solutions will continue to increase, thereby driving the growth of the shrink disc market.
- Growing trend of miniaturization: With shrinking device sizes and an ever-growing demand for portability, there is a growing trend among OEMs towards miniaturizing their products as much as possible without compromising on performance or features. Shrink discs offer an ideal solution for this requirement as they are extremely compact and can be used in a wide range of applications such as consumer electronics, medical devices, automotive systems etc., without any significant loss in performance or functionality.
Scope Of The Report
Report Attributes
Report Details
Report Title
Shrink Disc Market Research Report
By Type
Two Part Shrink Disc, Three Part Shrink Disc
By Application
Wind Power, Heavy Machinery, Mining, Shipbuilding, Food & Beverage, Machine Tool, Others
By Companies
Stüwe, RINGFEDER, TAS-Schäfer, RINGSPANN, WITTENSTEIN, Rexnord, Norelem, MAV, Climax Metal Products (RBC Bearings), BIKON-Technik, Stüwe, Fenner Drives, StS Coupling, Neugart, Zero-Max, True-Tech Industries, NMTG, Falcon Engineering, Xianyang Chaoyue Clutch, Luoyang Jinglian
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
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Shrink Disc Market Report Segments:
The global Shrink Disc market is segmented on the basis of:
Types
Two Part Shrink Disc, Three Part Shrink Disc
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
Wind Power, Heavy Machinery, Mining, Shipbuilding, Food & Beverage, Machine Tool, 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:
- Stüwe
- RINGFEDER
- TAS-Schäfer
- RINGSPANN
- WITTENSTEIN
- Rexnord
- Norelem
- MAV
- Climax Metal Products (RBC Bearings)
- BIKON-Technik
- Stüwe
- Fenner Drives
- StS Coupling
- Neugart
- Zero-Max
- True-Tech Industries
- NMTG
- Falcon Engineering
- Xianyang Chaoyue Clutch
- Luoyang Jinglian
Highlights of The Shrink Disc 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:
- Two Part Shrink Disc
- Three Part Shrink Disc
- By Application:
- Wind Power
- Heavy Machinery
- Mining
- Shipbuilding
- Food & Beverage
- Machine Tool
- 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 Shrink Disc 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
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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?
A shrink disc is a type of optical media that can be used to store digital data. Shrink discs are typically made from a plastic or metal material and have a small hole in the middle. When you want to use the disc, you place it in your computer's optical drive and press down on the disc's center until it pops out. You then insert the data you want to save onto the disk, press down again on the center, and voila! The disk has shrunken down so that only its essential information remains.
Some of the key players operating in the shrink disc market are St¼we, RINGFEDER, TAS-Sch¤fer, RINGSPANN, WITTENSTEIN, Rexnord, Norelem, MAV, Climax Metal Products (RBC Bearings), BIKON-Technik, St¼we, Fenner Drives, StS Coupling, Neugart, Zero-Max, True-Tech Industries, NMTG, Falcon Engineering, Xianyang Chaoyue Clutch, Luoyang Jinglian.
The shrink disc 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 Shrink Disc 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 Shrink Disc Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Shrink Disc 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 Shrink Disc 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 Shrink Disc Market Size & Forecast, 2018-2028
4.5.1 Shrink Disc Market Size and Y-o-Y Growth
4.5.2 Shrink Disc Market Absolute $ Opportunity
Chapter 5 Global Shrink Disc 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 Shrink Disc Market Size Forecast by Type
5.2.1 Two Part Shrink Disc
5.2.2 Three Part Shrink Disc
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Shrink Disc 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 Shrink Disc Market Size Forecast by Applications
6.2.1 Wind Power
6.2.2 Heavy Machinery
6.2.3 Mining
6.2.4 Shipbuilding
6.2.5 Food & Beverage
6.2.6 Machine Tool
6.2.7 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Shrink Disc 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 Shrink Disc 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 Shrink Disc Analysis and Forecast
9.1 Introduction
9.2 North America Shrink Disc 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 Shrink Disc Market Size Forecast by Type
9.6.1 Two Part Shrink Disc
9.6.2 Three Part Shrink Disc
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 Shrink Disc Market Size Forecast by Applications
9.10.1 Wind Power
9.10.2 Heavy Machinery
9.10.3 Mining
9.10.4 Shipbuilding
9.10.5 Food & Beverage
9.10.6 Machine Tool
9.10.7 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 Shrink Disc Analysis and Forecast
10.1 Introduction
10.2 Europe Shrink Disc 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 Shrink Disc Market Size Forecast by Type
10.6.1 Two Part Shrink Disc
10.6.2 Three Part Shrink Disc
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 Shrink Disc Market Size Forecast by Applications
10.10.1 Wind Power
10.10.2 Heavy Machinery
10.10.3 Mining
10.10.4 Shipbuilding
10.10.5 Food & Beverage
10.10.6 Machine Tool
10.10.7 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 Shrink Disc Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Shrink Disc 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 Shrink Disc Market Size Forecast by Type
11.6.1 Two Part Shrink Disc
11.6.2 Three Part Shrink Disc
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 Shrink Disc Market Size Forecast by Applications
11.10.1 Wind Power
11.10.2 Heavy Machinery
11.10.3 Mining
11.10.4 Shipbuilding
11.10.5 Food & Beverage
11.10.6 Machine Tool
11.10.7 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 Shrink Disc Analysis and Forecast
12.1 Introduction
12.2 Latin America Shrink Disc 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 Shrink Disc Market Size Forecast by Type
12.6.1 Two Part Shrink Disc
12.6.2 Three Part Shrink Disc
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 Shrink Disc Market Size Forecast by Applications
12.10.1 Wind Power
12.10.2 Heavy Machinery
12.10.3 Mining
12.10.4 Shipbuilding
12.10.5 Food & Beverage
12.10.6 Machine Tool
12.10.7 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) Shrink Disc Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Shrink Disc 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) Shrink Disc Market Size Forecast by Type
13.6.1 Two Part Shrink Disc
13.6.2 Three Part Shrink Disc
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) Shrink Disc Market Size Forecast by Applications
13.10.1 Wind Power
13.10.2 Heavy Machinery
13.10.3 Mining
13.10.4 Shipbuilding
13.10.5 Food & Beverage
13.10.6 Machine Tool
13.10.7 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 Shrink Disc Market: Competitive Dashboard
14.2 Global Shrink Disc Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Stüwe
14.3.2 RINGFEDER
14.3.3 TAS-Schäfer
14.3.4 RINGSPANN
14.3.5 WITTENSTEIN
14.3.6 Rexnord
14.3.7 Norelem
14.3.8 MAV
14.3.9 Climax Metal Products (RBC Bearings)
14.3.10 BIKON-Technik
14.3.11 Stüwe
14.3.12 Fenner Drives
14.3.13 StS Coupling
14.3.14 Neugart
14.3.15 Zero-Max
14.3.16 True-Tech Industries
14.3.17 NMTG
14.3.18 Falcon Engineering
14.3.19 Xianyang Chaoyue Clutch
14.3.20 Luoyang Jinglian
