Market Overview:
The global swage 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 swage sockets in various applications, such as chemical industry, transportation industry, and achitechive. In addition, the growing demand for high-quality products is also contributing to the growth of this market. On the basis of type, open swage sockets are expected to account for a larger share of the global swage sockets market than closed swage sockets during the forecast period. This can be attributed to their low cost and easy installation process as compared with closed swage sockets.
Product Definition:
A swage socket is a type of fitting used to join two pieces of metal tubing or pipe. A swage socket is created by first pressing the end of one piece of tubing into a die, which forms a recess in the end of the tube. The other piece of tubing is then inserted into this recess, and the whole assembly is heated until it becomes pliable. Finally, it is pressed together with a hammer or press to create a permanent joint.
Open Swage Sockets:
Open swage sockets are used in the construction industry for electrical fittings. They are available in different shapes and sizes to suit any application. The growth factor of this market is due to its wide range of applications, easy installation and low maintenance requirements. Open swage sockets have a larger surface area which allows it to conduct electricity more efficiently than other types thus increasing its demand over the forecast period.
The major drivers for this market are growing urbanization, industrialization.
Closed Swage Sockets:
Closed swage sockets are used in the manufacturing of swage sockets. Swage sockets are used for mounting electrical components such as light bulbs and electric motors. The basic function of a swage is to provide an enclosed space for wiring or installing electrical components. A variety of materials can be used to make a swage including metal, plastic, rubber, and wood among others; however; the most commonly used material is plastic owing to its low cost & lightweight property.
Application Insights:
The transportation industry dominated the global swage sockets market in terms of revenue share in 2017. The growth can be attributed to the increasing use of swage sockets for assembling and repairing vehicles as well as manufacturing new components. In addition, growing demand for electric vehicles is expected to drive product demand over the forecast period.
The chemical industry accounted for a significant share in 2017 owing to extensive usage of swage sockets for assembly operations involving flammable and hazardous chemicals during manufacturing processes at various plants across China, India, South Korea and Japan.
Regional Analysis:
Asia Pacific dominated the global swage socket market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, such as China, India, and Japan. These countries are witnessing strong economic growth owing to rapid industrialization and urbanization. Growing transportation sector in these countries has led them to become major manufacturing hubs for automotive components across various applications including aerospace & defense industry.
The chemical industry of Asia Pacific has witnessed significant development over the past few years on account of rising demand for consumer goods along with increasing investments by key players in R&D activities pertaining high performance plastics and composites materials marketing strategies to increase their market share at a domestic level coupled with expanding their business operations globally through joint ventures or acquisitions etc.
Growth Factors:
- Increasing demand for Swage Sockets in the automotive industry
- Growing popularity of Swage Sockets in the construction and engineering sectors
- Rising demand for Swage Sockets from end-use industries such as oil and gas, marine, and aerospace
- Technological advancements in the manufacturing of Swage Sockets
- Growing awareness about the benefits of using Swage Sockets among consumers
Scope Of The Report
Report Attributes
Report Details
Report Title
Swage Sockets Market Research Report
By Type
Open Swage Sockets, Closed Swage Sockets
By Application
Chemical Industry, Transportation Industry, Achitechive
By Companies
The Crosby Group, Cleveland City Forge, Muncy Industries, Nobles, Mazzella Companies, Lexco Cable, American Rigging & Supply, Certex, Unirope, SteelWireRope, Auzac, Ben-Mor, Liftal, Jiangsu Haobo Diaoju
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
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Swage Sockets Market Report Segments:
The global Swage Sockets market is segmented on the basis of:
Types
Open Swage Sockets, Closed Swage 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
Chemical Industry, Transportation Industry, Achitechive
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:
- The Crosby Group
- Cleveland City Forge
- Muncy Industries
- Nobles
- Mazzella Companies
- Lexco Cable
- American Rigging & Supply
- Certex
- Unirope
- SteelWireRope
- Auzac
- Ben-Mor
- Liftal
- Jiangsu Haobo Diaoju
Highlights of The Swage 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 Swage Sockets
- Closed Swage Sockets
- By Application:
- Chemical Industry
- Transportation Industry
- Achitechive
- 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 Swage 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?
Swage sockets are a type of fastener that is used to attach two pieces of metal together. They are made up of a number of small, threaded holes that allow the user to screw them into place.
Some of the major players in the swage sockets market are The Crosby Group, Cleveland City Forge, Muncy Industries, Nobles, Mazzella Companies, Lexco Cable, American Rigging & Supply, Certex, Unirope, SteelWireRope, Auzac, Ben-Mor, Liftal, Jiangsu Haobo Diaoju.
The swage sockets market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Swage 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. Swage Sockets Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Swage Sockets Market - Supply Chain
4.5. Global Swage Sockets Market Forecast
4.5.1. Swage Sockets Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Swage Sockets Market Size (000 Units) and Y-o-Y Growth
4.5.3. Swage Sockets Market Absolute $ Opportunity
5. Global Swage 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. Swage Sockets Market Size and Volume Forecast by Type
5.3.1. Open Swage Sockets
5.3.2. Closed Swage Sockets
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Swage 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. Swage Sockets Market Size and Volume Forecast by Application
6.3.1. Chemical Industry
6.3.2. Transportation Industry
6.3.3. Achitechive
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Swage 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. Swage 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 Swage 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. Swage 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 Swage Sockets Demand Share Forecast, 2019-2026
9. North America Swage 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 Swage 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 Swage Sockets Market Size and Volume Forecast by Application
9.4.1. Chemical Industry
9.4.2. Transportation Industry
9.4.3. Achitechive
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Swage Sockets Market Size and Volume Forecast by Type
9.7.1. Open Swage Sockets
9.7.2. Closed Swage 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 Swage Sockets Demand Share Forecast, 2019-2026
10. Latin America Swage 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 Swage 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 Swage Sockets Market Size and Volume Forecast by Application
10.4.1. Chemical Industry
10.4.2. Transportation Industry
10.4.3. Achitechive
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Swage Sockets Market Size and Volume Forecast by Type
10.7.1. Open Swage Sockets
10.7.2. Closed Swage 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 Swage Sockets Demand Share Forecast, 2019-2026
11. Europe Swage 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 Swage 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 Swage Sockets Market Size and Volume Forecast by Application
11.4.1. Chemical Industry
11.4.2. Transportation Industry
11.4.3. Achitechive
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Swage Sockets Market Size and Volume Forecast by Type
11.7.1. Open Swage Sockets
11.7.2. Closed Swage Sockets
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 Swage Sockets Demand Share, 2019-2026
12. Asia Pacific Swage 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 Swage 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 Swage Sockets Market Size and Volume Forecast by Application
12.4.1. Chemical Industry
12.4.2. Transportation Industry
12.4.3. Achitechive
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Swage Sockets Market Size and Volume Forecast by Type
12.7.1. Open Swage Sockets
12.7.2. Closed Swage 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 Swage Sockets Demand Share, 2019-2026
13. Middle East & Africa Swage 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 Swage 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 Swage Sockets Market Size and Volume Forecast by Application
13.4.1. Chemical Industry
13.4.2. Transportation Industry
13.4.3. Achitechive
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Swage Sockets Market Size and Volume Forecast by Type
13.7.1. Open Swage Sockets
13.7.2. Closed Swage 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 Swage Sockets Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Swage Sockets Market: Market Share Analysis
14.2. Swage Sockets Distributors and Customers
14.3. Swage Sockets Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. The Crosby Group
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Cleveland City Forge
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Muncy Industries
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Nobles
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Mazzella Companies
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Lexco Cable
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 Rigging & Supply
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Certex
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Unirope
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. SteelWireRope
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Auzac
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Ben-Mor
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Liftal
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Jiangsu Haobo Diaoju
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
