Market Overview:
The global open wedge sockets market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for lifting cranes and tower cranes across the globe. Additionally, the growing construction and infrastructure industries are also fueling the demand for open wedge sockets globally. Based on type, the global open wedge sockets market can be segmented into open hot dip galvanized wedges sockets and open painted wedges sockets. Open hot dip galvanized wedges socket is expected to account for a larger share of this market in 2018 owing to its corrosion resistance properties. Based on application, the global open wedge socket market can be segmented into lifting crane, tower crane, and other applications such as material handling equipment and marine applications.
Product Definition:
An open wedge socket is a type of wrench that is used to turn bolts and nuts. This type of socket has a U-shaped opening in the middle that allows it to fit around the bolt or nut. The open wedge socket is also known as an adjustable wrench.
Open Hot Dip Galvanized Wedge Sockets:
Open hot dip galvanized wedge sockets are used in electrical fittings for wall plates, light fixtures, and outlets. The product is manufactured using a special process of raw materials which includes zinc coating mixed with iron and steel. Galvanization is done after the raw material coating process to get a uniform color throughout the product.
Open Painted Wedge Sockets:
Open wedge sockets are used in electronic devices to provide a better fit and reliable connection. These electronic devices can be connected to other components using screw terminals, soldered or welded connections. The Open Wedge Sockets market is expected to witness significant growth over the forecast period owing to its wide range of applications in consumer electronics industry such as mobile phones, tablets PCs and laptops among others.
Application Insights:
The other application segment accounted for the largest revenue share of over 40% in 2017. The growth is attributed to the increasing demand for electric vehicles, renewable energy, and industrial machinery. In addition to providing a secure foundation during construction activities, open painted wedge sockets are used as an aesthetic element in building construction projects.
Lifting cranes are expected to be one of the prominent applications areas over the forecast period owing to their rising use across various industries including oil & gas, mining & minerals processing and civil engineering among others. Lifting cranes require large capacity lifting equipment which can withstand high forces and provide stability even under adverse conditions such as vibration or windy environments etc., leading to an increased demand for open painted wedge sockets across various industries worldwide.
Regional Analysis:
Asia Pacific dominated the global open wedge sockets market in 2017. The region is expected to witness significant growth over the forecast period owing to increasing construction activities and growing infrastructure development in countries such as China, India, Japan, and Australia. In addition, rising demand for industrial buildings such as factories and workshops is anticipated to drive the regional market growth over the forecast period.
The Asia Pacific was followed by Europe that accounted for a revenue share of more than 20% in 2017 on account of high product adoption across major economies including Germany, France Italy Russia Spain U.K., Turkey Poland Hungary Romania Bulgaria among others due to their superior quality features better performance at higher cost which makes them suitable for applications where heavy load must be lifted vertically with low effort or where there is a need for increased safety while lifting heavy load vertically such as during construction activities or during transportation of goods from one place to another using various types of vehicles including ships containers etcetera).
Growth Factors:
- Increasing demand for minimally invasive surgeries: Open wedge sockets are increasingly being used in minimally invasive surgeries as they offer several advantages over traditional methods such as reduced trauma, faster healing time and shorter hospital stays. This is driving the growth of the open wedge sockets market.
- Growing popularity of arthroscopic surgery: Arthroscopic surgery is a minimally invasive surgical procedure that uses a tiny camera and special tools to examine and repair damage inside a joint. The growing popularity of arthroscopic surgery is fueling the demand for open wedge sockets as they are widely used in this type of surgery.
- Rising incidence of joint diseases: Joint diseases such as arthritis are on the rise due to factors such as aging population, obesity, and sedentary lifestyle. This is leading to an increase in the number of people requiring joint replacement surgeries, which is driving the growth of the open wedge sockets market.
- Technological advancements: The development of new technologies has led to better designs and materials for open wedge sockets, making them more durable and effective than ever before. This is contributing to their increasing adoption by surgeons worldwide, thereby propelling market growth."
Scope Of The Report
Report Attributes
Report Details
Report Title
Open Wedge Sockets Market Research Report
By Type
Open Hot Dip Galvanized Wedge Sockets, Open Painted Wedge Sockets
By Application
Lifting Crane, Tower Crane, Other
By Companies
Ropeblock, De Haan SE, PFEIFER Group, Unirope, HES Group, Townley Drop Forge, Haklift, Nobles, Certex
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
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Open Wedge Sockets Market Report Segments:
The global Open Wedge Sockets market is segmented on the basis of:
Types
Open Hot Dip Galvanized Wedge Sockets, Open Painted Wedge Sockets
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
Lifting Crane, Tower Crane, Other
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:
- Ropeblock
- De Haan SE
- PFEIFER Group
- Unirope
- HES Group
- Townley Drop Forge
- Haklift
- Nobles
- Certex
Highlights of The Open Wedge Sockets 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:
- Open Hot Dip Galvanized Wedge Sockets
- Open Painted Wedge Sockets
- By Application:
- Lifting Crane
- Tower Crane
- Other
- 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 Open Wedge Sockets 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?
Open Wedge Sockets is a specification for a networking interface that allows multiple devices to communicate with each other. Open Wedge Sockets provides an open, cross-platform API that enables developers to create applications that can be deployed on any device or platform.
Some of the major companies in the open wedge sockets market are Ropeblock, De Haan SE, PFEIFER Group, Unirope, HES Group, Townley Drop Forge, Haklift, Nobles, Certex.
The open wedge sockets market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Open Wedge Sockets Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Open Wedge Sockets Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Open Wedge Sockets Market - Supply Chain
4.5. Global Open Wedge Sockets Market Forecast
4.5.1. Open Wedge Sockets Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Open Wedge Sockets Market Size (000 Units) and Y-o-Y Growth
4.5.3. Open Wedge Sockets Market Absolute $ Opportunity
5. Global Open Wedge Sockets Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Open Wedge Sockets Market Size and Volume Forecast by Type
5.3.1. Open Hot Dip Galvanized Wedge Sockets
5.3.2. Open Painted Wedge Sockets
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Open Wedge Sockets Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Open Wedge Sockets Market Size and Volume Forecast by Application
6.3.1. Lifting Crane
6.3.2. Tower Crane
6.3.3. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Open Wedge Sockets Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Open Wedge Sockets Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Open Wedge Sockets Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Open Wedge Sockets Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Open Wedge Sockets Demand Share Forecast, 2019-2026
9. North America Open Wedge Sockets Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Open Wedge Sockets Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Open Wedge Sockets Market Size and Volume Forecast by Application
9.4.1. Lifting Crane
9.4.2. Tower Crane
9.4.3. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Open Wedge Sockets Market Size and Volume Forecast by Type
9.7.1. Open Hot Dip Galvanized Wedge Sockets
9.7.2. Open Painted Wedge Sockets
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Open Wedge Sockets Demand Share Forecast, 2019-2026
10. Latin America Open Wedge Sockets Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Open Wedge Sockets Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Open Wedge Sockets Market Size and Volume Forecast by Application
10.4.1. Lifting Crane
10.4.2. Tower Crane
10.4.3. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Open Wedge Sockets Market Size and Volume Forecast by Type
10.7.1. Open Hot Dip Galvanized Wedge Sockets
10.7.2. Open Painted Wedge Sockets
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Open Wedge Sockets Demand Share Forecast, 2019-2026
11. Europe Open Wedge Sockets Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Open Wedge Sockets Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Open Wedge Sockets Market Size and Volume Forecast by Application
11.4.1. Lifting Crane
11.4.2. Tower Crane
11.4.3. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Open Wedge Sockets Market Size and Volume Forecast by Type
11.7.1. Open Hot Dip Galvanized Wedge Sockets
11.7.2. Open Painted Wedge Sockets
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projetions by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Open Wedge Sockets Demand Share, 2019-2026
12. Asia Pacific Open Wedge Sockets Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Open Wedge Sockets Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Open Wedge Sockets Market Size and Volume Forecast by Application
12.4.1. Lifting Crane
12.4.2. Tower Crane
12.4.3. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Open Wedge Sockets Market Size and Volume Forecast by Type
12.7.1. Open Hot Dip Galvanized Wedge Sockets
12.7.2. Open Painted Wedge Sockets
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Open Wedge Sockets Demand Share, 2019-2026
13. Middle East & Africa Open Wedge Sockets Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Open Wedge Sockets Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Open Wedge Sockets Market Size and Volume Forecast by Application
13.4.1. Lifting Crane
13.4.2. Tower Crane
13.4.3. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Open Wedge Sockets Market Size and Volume Forecast by Type
13.7.1. Open Hot Dip Galvanized Wedge Sockets
13.7.2. Open Painted Wedge Sockets
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Open Wedge Sockets Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Open Wedge Sockets Market: Market Share Analysis
14.2. Open Wedge Sockets Distributors and Customers
14.3. Open Wedge Sockets Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Ropeblock
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. De Haan SE
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. PFEIFER Group
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Unirope
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. HES Group
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Townley Drop Forge
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Haklift
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Nobles
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Certex
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
