Market Overview:
The global retaining rings 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 retaining rings from various end-use industries, such as automotive, consumer products, energy, industrial and others. In terms of type, the external retaining rings segment is expected to dominate the global retaining rings market during the forecast period. This can be attributed to their high demand in applications such as automotive and consumer products.
Product Definition:
A retaining ring is a type of fastener that holds components in place. It is typically used to secure a shaft or axle within a bore. Retaining rings are commonly made from spring steel and can be installed using special tools, such as retaining ring pliers.
External Retaining Rings:
External retaining rings are used in the manufacturing of retaining rings. They are made from steel and other alloys and possess properties such as high corrosion resistance, high tensile strength, good elasticity & ductility and excellent hardness.
Rising demand for oil & gas wells completion equipment is expected to drive the external retaining ring market growth over the forecast period.
Internal Retaining Rings:
Internal retaining rings are used in retaining rings to support the weight of the valve and act as a sealing element. They are made from materials such as cast iron, steel, aluminum and carbon fiber. The internal ring is placed inside the outer ring which holds it in place once installed on the valve stem. These products have applications in valves that open at high temperatures or under pressure and need to be able to withstand high stress without failure.
Application Insights:
The automotive application segment accounted for the largest revenue share of over 40% in 2017. The growing demand for vehicles is expected to drive the product demand in this application segment over the forecast period. Retaining rings are used to maintain components within a certain range of temperatures and prevent them from moving or falling outwards. They are also used as vibration dampeners, which help reduce noise and friction generated by automobile engine components.
Retaining rings can be customized according to specific requirements, which helps improve end-user products fit and finish while reducing costs and time involved in prototyping new designs or manufacturing parts individually.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region, with a CAGR of XX% from 2018 to 2030. The growth can be attributed to the increasing construction activities in emerging economies such as China and India owing to growing population and rising demand for residential houses, commercial buildings, industrial plants, etc. In addition, rapid urbanization coupled with increased infrastructure spending by governments across these countries is likely to drive product demand over the forecast period.
The market in North America accounted for 24% of revenue share in 2017 on account of high investments made by various companies towards R&D activities pertaining Retaining Rings For Automotive And Aerospace industry expansion are anticipated favorably impact regional market development over the next eight years to 2030).
Growth Factors:
- Increasing demand from end-use industries
- Growing popularity of retaining rings in small and medium enterprises (SMEs)
- Rising trend of miniaturization in various industrial applications
- Technological advancements in retaining ring manufacturing process
- Growing awareness about the benefits of using retaining rings among end users
Scope Of The Report
Report Attributes
Report Details
Report Title
Retaining Rings Market Research Report
By Type
External Retaining Rings, Internal Retaining Rings
By Application
Automotive, Consumer Products, Energy, Industrial, Others
By Companies
Hugo Benzing, Barnes Group, Rotor Clip, Smalley, Würth, Cirteq Limited, American Ring, Ochiai Co, Beneri, IWATA DENKO, Star Circlips, Garlock, MW Industries
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
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Retaining Rings Market Report Segments:
The global Retaining Rings market is segmented on the basis of:
Types
External Retaining Rings, Internal Retaining Rings
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
Automotive, Consumer Products, Energy, Industrial, 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:
- Hugo Benzing
- Barnes Group
- Rotor Clip
- Smalley
- Würth
- Cirteq Limited
- American Ring
- Ochiai Co
- Beneri
- IWATA DENKO
- Star Circlips
- Garlock
- MW Industries
Highlights of The Retaining Rings 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:
- External Retaining Rings
- Internal Retaining Rings
- By Application:
- Automotive
- Consumer Products
- Energy
- Industrial
- 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 Retaining Rings 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?
Retaining rings are a type of safety device that is used on machinery to prevent it from moving. When the retaining ring is tightened, it creates a friction against the moving parts, which prevents them from rotating.
Some of the key players operating in the retaining rings market are Hugo Benzing, Barnes Group, Rotor Clip, Smalley, WƒÂ¼rth, Cirteq Limited, American Ring, Ochiai Co, Beneri, IWATA DENKO, Star Circlips, Garlock, MW Industries.
The retaining rings market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Retaining Rings 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. Retaining Rings Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Retaining Rings Market - Supply Chain
4.5. Global Retaining Rings Market Forecast
4.5.1. Retaining Rings Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Retaining Rings Market Size (000 Units) and Y-o-Y Growth
4.5.3. Retaining Rings Market Absolute $ Opportunity
5. Global Retaining Rings 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. Retaining Rings Market Size and Volume Forecast by Type
5.3.1. External Retaining Rings
5.3.2. Internal Retaining Rings
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Retaining Rings 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. Retaining Rings Market Size and Volume Forecast by Application
6.3.1. Automotive
6.3.2. Consumer Products
6.3.3. Energy
6.3.4. Industrial
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Retaining Rings 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. Retaining Rings 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 Retaining Rings 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. Retaining Rings 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 Retaining Rings Demand Share Forecast, 2019-2026
9. North America Retaining Rings 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 Retaining Rings 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 Retaining Rings Market Size and Volume Forecast by Application
9.4.1. Automotive
9.4.2. Consumer Products
9.4.3. Energy
9.4.4. Industrial
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Retaining Rings Market Size and Volume Forecast by Type
9.7.1. External Retaining Rings
9.7.2. Internal Retaining Rings
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 Retaining Rings Demand Share Forecast, 2019-2026
10. Latin America Retaining Rings 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 Retaining Rings 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 Retaining Rings Market Size and Volume Forecast by Application
10.4.1. Automotive
10.4.2. Consumer Products
10.4.3. Energy
10.4.4. Industrial
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Retaining Rings Market Size and Volume Forecast by Type
10.7.1. External Retaining Rings
10.7.2. Internal Retaining Rings
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 Retaining Rings Demand Share Forecast, 2019-2026
11. Europe Retaining Rings 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 Retaining Rings 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 Retaining Rings Market Size and Volume Forecast by Application
11.4.1. Automotive
11.4.2. Consumer Products
11.4.3. Energy
11.4.4. Industrial
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Retaining Rings Market Size and Volume Forecast by Type
11.7.1. External Retaining Rings
11.7.2. Internal Retaining Rings
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections 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 Retaining Rings Demand Share, 2019-2026
12. Asia Pacific Retaining Rings 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 Retaining Rings 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 Retaining Rings Market Size and Volume Forecast by Application
12.4.1. Automotive
12.4.2. Consumer Products
12.4.3. Energy
12.4.4. Industrial
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Retaining Rings Market Size and Volume Forecast by Type
12.7.1. External Retaining Rings
12.7.2. Internal Retaining Rings
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 Retaining Rings Demand Share, 2019-2026
13. Middle East & Africa Retaining Rings 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 Retaining Rings 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 Retaining Rings Market Size and Volume Forecast by Application
13.4.1. Automotive
13.4.2. Consumer Products
13.4.3. Energy
13.4.4. Industrial
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Retaining Rings Market Size and Volume Forecast by Type
13.7.1. External Retaining Rings
13.7.2. Internal Retaining Rings
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 Retaining Rings Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Retaining Rings Market: Market Share Analysis
14.2. Retaining Rings Distributors and Customers
14.3. Retaining Rings Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Hugo Benzing
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Barnes Group
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Rotor Clip
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Smalley
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Würth
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Cirteq Limited
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. American Ring
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Ochiai Co
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Beneri
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. IWATA DENKO
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Star Circlips
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Garlock
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. MW Industries
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
