Market Overview:
The global tolerance 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 tolerance rings in different applications, such as mounting bearings, torque transfer, differential thermal expansion, component fastening and reclamation of bad parts. In addition, the growing automotive industry is also contributing to the growth of this market.
Product Definition:
Tolerance Rings are rings that are used in a gear system to ensure that the gears mesh together properly. The rings help to ensure that the gears have the correct amount of tolerance, or space between them, so that they do not grind against each other and cause damage.
AN Style:
AN style is an algorithm used to generate a set of numbers which are the checksums for data files. It works on the basis that any number can be generated from 0 to 9 and then added, subtracted, divided or multiplied from it's counterpart to get a final result which has no duplicates.
ANL Style:
ANL style is the most preferred tolerance ring in the market. It is a fully machined, broached and slotted anl-style bearing that can be used in any application where high accuracy and low run-out are required.
It offers several advantages over conventional plain or grooved bearings including reduced manufacturing time, better surface finish on all components as well as faster production turnaround times due to its automated machines.
Application Insights:
The mounting bearings application segment accounted for the largest revenue share in 2017 and is projected to continue its dominance over the forecast period. Mounting tolerance rings are used in various applications including automotive, construction, aerospace & defense and machinery industries. The mounting bearings application segment has a high demand as they offer low friction coefficient along with high strength and durability.
Aerospace & defense was the second-largest revenue contributor in 2017 owing to increasing use of components with tight dimensional tolerances such as turbines, compressors blades among others that need to be mounted on a moving part or an aircraft body without causing any damage or wear due to misalignment.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has a large number of bearing manufacturers, which has resulted in high product availability at competitive prices. Furthermore, rapid industrialization coupled with increasing government support is anticipated to drive infrastructure development activities across Asia Pacific countries such as China, India and Japan. This will further propel product demand during the forecast period.
The North America market was valued at USD X million in 2017 and is projected to witness significant growth over the next eight years owing to an increase in manufacturing activities across various industries including automotive & transportation, power generation/electricity sector among others.
Growth Factors:
- Increasing awareness about the benefits of using Tolerance Rings: There is a growing awareness among people about the benefits of using Tolerance Rings. This is helping to drive demand for these rings, thereby boosting the market growth.
- Rising popularity of customized jewelry: A key trend that is aiding market growth is the increasing popularity of customized jewelry. Consumers are now more inclined towards buying unique pieces that reflect their personal style and preferences. This is benefiting Tolerance Rings manufacturers as they are able to cater to this demand by offering customizable products.
- Growing use of 3D printing technology: The use of 3D printing technology in manufacturing Tolerance Rings is gaining traction due to its ability to produce intricate designs with high accuracy and precision. This is resulting in an increase in demand for these rings, propelling market growth further.
Scope Of The Report
Report Attributes
Report Details
Report Title
Tolerance Rings Market Research Report
By Type
AN Style, ANL Style, BN Style
By Application
Mounting Bearings, Torque Transfer, Differential Thermal Expansion, Componment Fastening, Reclamation of Bad Parts
By Companies
EURO Bearings Ltd, Saint Gobain, Automotion Components, USA Tolerance Rings, HALDER, AMSCO VALLEY FORGE, EIS INC, Bosch, Rodavigo S.A., Cycle Haven, Northeast Agri Systems, TRETTER
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
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Tolerance Rings Market Report Segments:
The global Tolerance Rings market is segmented on the basis of:
Types
AN Style, ANL Style, BN Style
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
Mounting Bearings, Torque Transfer, Differential Thermal Expansion, Componment Fastening, Reclamation of Bad Parts
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:
- EURO Bearings Ltd
- Saint Gobain
- Automotion Components
- USA Tolerance Rings
- HALDER
- AMSCO VALLEY FORGE
- EIS INC
- Bosch
- Rodavigo S.A.
- Cycle Haven
- Northeast Agri Systems
- TRETTER
Highlights of The Tolerance 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:
- AN Style
- ANL Style
- BN Style
- By Application:
- Mounting Bearings
- Torque Transfer
- Differential Thermal Expansion
- Componment Fastening
- Reclamation of Bad Parts
- 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 Tolerance 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?
Tolerance rings are a type of jewelry that is made up of multiple circles that have different diameters. The larger the diameter, the greater the tolerance. This jewelry is often used to show support for diversity and acceptance.
Some of the major companies in the tolerance rings market are EURO Bearings Ltd, Saint Gobain, Automotion Components, USA Tolerance Rings, HALDER, AMSCO VALLEY FORGE, EIS INC, Bosch, Rodavigo S.A., Cycle Haven, Northeast Agri Systems, TRETTER.
The tolerance rings market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Tolerance 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. Tolerance Rings Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Tolerance Rings Market - Supply Chain
4.5. Global Tolerance Rings Market Forecast
4.5.1. Tolerance Rings Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Tolerance Rings Market Size (000 Units) and Y-o-Y Growth
4.5.3. Tolerance Rings Market Absolute $ Opportunity
5. Global Tolerance 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. Tolerance Rings Market Size and Volume Forecast by Type
5.3.1. AN Style
5.3.2. ANL Style
5.3.3. BN Style
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Tolerance 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. Tolerance Rings Market Size and Volume Forecast by Application
6.3.1. Mounting Bearings
6.3.2. Torque Transfer
6.3.3. Differential Thermal Expansion
6.3.4. Componment Fastening
6.3.5. Reclamation of Bad Parts
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Tolerance 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. Tolerance 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 Tolerance 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. Tolerance 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 Tolerance Rings Demand Share Forecast, 2019-2026
9. North America Tolerance 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 Tolerance 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 Tolerance Rings Market Size and Volume Forecast by Application
9.4.1. Mounting Bearings
9.4.2. Torque Transfer
9.4.3. Differential Thermal Expansion
9.4.4. Componment Fastening
9.4.5. Reclamation of Bad Parts
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Tolerance Rings Market Size and Volume Forecast by Type
9.7.1. AN Style
9.7.2. ANL Style
9.7.3. BN Style
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 Tolerance Rings Demand Share Forecast, 2019-2026
10. Latin America Tolerance 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 Tolerance 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 Tolerance Rings Market Size and Volume Forecast by Application
10.4.1. Mounting Bearings
10.4.2. Torque Transfer
10.4.3. Differential Thermal Expansion
10.4.4. Componment Fastening
10.4.5. Reclamation of Bad Parts
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Tolerance Rings Market Size and Volume Forecast by Type
10.7.1. AN Style
10.7.2. ANL Style
10.7.3. BN Style
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 Tolerance Rings Demand Share Forecast, 2019-2026
11. Europe Tolerance 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 Tolerance 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 Tolerance Rings Market Size and Volume Forecast by Application
11.4.1. Mounting Bearings
11.4.2. Torque Transfer
11.4.3. Differential Thermal Expansion
11.4.4. Componment Fastening
11.4.5. Reclamation of Bad Parts
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Tolerance Rings Market Size and Volume Forecast by Type
11.7.1. AN Style
11.7.2. ANL Style
11.7.3. BN Style
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 Tolerance Rings Demand Share, 2019-2026
12. Asia Pacific Tolerance 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 Tolerance 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 Tolerance Rings Market Size and Volume Forecast by Application
12.4.1. Mounting Bearings
12.4.2. Torque Transfer
12.4.3. Differential Thermal Expansion
12.4.4. Componment Fastening
12.4.5. Reclamation of Bad Parts
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Tolerance Rings Market Size and Volume Forecast by Type
12.7.1. AN Style
12.7.2. ANL Style
12.7.3. BN Style
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 Tolerance Rings Demand Share, 2019-2026
13. Middle East & Africa Tolerance 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 Tolerance 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 Tolerance Rings Market Size and Volume Forecast by Application
13.4.1. Mounting Bearings
13.4.2. Torque Transfer
13.4.3. Differential Thermal Expansion
13.4.4. Componment Fastening
13.4.5. Reclamation of Bad Parts
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Tolerance Rings Market Size and Volume Forecast by Type
13.7.1. AN Style
13.7.2. ANL Style
13.7.3. BN Style
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 Tolerance Rings Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Tolerance Rings Market: Market Share Analysis
14.2. Tolerance Rings Distributors and Customers
14.3. Tolerance Rings Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. EURO Bearings Ltd
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Saint Gobain
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Automotion Components
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. USA Tolerance Rings
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. HALDER
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. AMSCO VALLEY 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. EIS INC
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Bosch
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Rodavigo S.A.
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Cycle Haven
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Northeast Agri Systems
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. TRETTER
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