Helical Wire Inserts Market
Helical Wire Inserts Market Forecasts to 2030 - Global Analysis By Type (Free-Running Inserts, Screw-Locking Inserts, Self-Tapping Inserts, Coarse and Fine Pitch Inserts, Stainless Steel Inserts and Other Types), By Application (Aerospace, Automotive, Manufacturing, Electronics, Medical Devices, Repair and Maintenance and Other Applications) and By Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $493.1 MN |
|
Projected Year Value (2030) |
US $726.7 MN |
|
CAGR (2023 - 2030) |
5.7% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Helical Wire Inserts Market is accounted for $493.1 million in 2023 and is expected to reach $726.7 million by 2030 growing at a CAGR of 5.7% during the forecast period. Helical wire inserts, often referred to as thread inserts or helicoids, are coiled wire components designed to reinforce and repair threads in materials like metal. They serve to improve thread strength, distribute stress more evenly, and prevent wear and thread damage. These inserts find extensive use in industries like automotive, aerospace, and manufacturing, where they enhance the reliability and longevity of threaded connections.
According to the Associated General Contractors of America, Approximately USD 1.30 trillion worth of structures are built annually in the United States.
Market Dynamics:
Driver:
Growing prevalence for vibration and shock resistance
Industries such as automotive, aerospace, and heavy machinery rely on threaded connections that can withstand vibrations and shocks, as these can lead to premature thread failure. Helical wire inserts, known for their ability to distribute stress evenly and provide a secure grip, play a crucial role in ensuring the longevity and reliability of threaded components in such applications. As these industries continue to expand and prioritize safety and durability, the need for helical wire inserts that offer superior vibration and shock resistance is expected to grow, further propelling market growth.
Restraint:
Relatively expensive compared to standard threaded fasteners
While helical wire inserts offer substantial advantages in terms of thread reinforcement, longevity, and reliability, their initial purchase and installation costs can be a deterrent for cost-sensitive customers and industries. This expense can be particularly impactful for large-scale manufacturing and construction projects where budget constraints are a primary concern. Customers may opt for conventional threaded fasteners when the specific advantages of helical inserts, such as vibration resistance or thread repair capabilities, are not deemed essential.
Opportunity:
The expansion of industrial growth
As industries continue to evolve and expand, there is a parallel need for robust and reliable threaded connections in machinery, equipment, and structural components. Helical wire inserts provide a cost-effective solution to reinforce threads, preventing wear, stripping, and thread damage, ultimately extending the lifespan of critical components. With the global industrial landscape continually evolving, the demand for helical wire inserts is poised to rise as these products offer a means to enhance the durability and performance of threaded connections, making them an attractive option for various industrial applications.
Threat:
Economic downturns and uncertainties
During periods of economic instability, industries often reduce investments in non-essential components like helical inserts to cut costs and weather financial challenges. Uncertainties in the business environment can lead to delayed or cancelled projects, which, in turn, reduce the demand for these specialized components. Additionally, industries that heavily rely on helical wire inserts, such as aerospace and automotive may experience decreased production and demand during economic downturns. This can result in lower utilization of helical inserts in these sectors, further impacting the market.
Covid-19 Impact:
The COVID-19 pandemic had a mixed impact on the helical wire inserts market. While it initially led to disruptions in global supply chains, manufacturing, and construction activities, causing a temporary decline in demand, the market gradually rebounded as industries adapted to new norms and prioritized secure and reliable fastening solutions. The need for thread reinforcement in critical applications remained, and the market saw increased demand for helical inserts in medical equipment, automotive production, and other sectors where the durability of threaded connections was essential for continued operations and product reliability.
The wireless sensor segment is expected to be the largest during the forecast period
The wireless sensor segment is expected to have a lucrative growth as it offers a specialized solution to prevent the loosening of threaded connections. These inserts have a prevailing torque design that creates resistance, enhancing the stability and reliability of the fastened components. Industries such as automotive, aerospace, and heavy machinery, where thread security is of paramount importance, heavily rely on screw-locking inserts to ensure the integrity of critical components in challenging operating conditions. The ability to maintain thread tightness under extreme vibrations and dynamic stresses makes these inserts indispensable.
The automotive segment is expected to have the highest CAGR during the forecast period
The automotive segment is anticipated to witness the fastest CAGR growth during the forecast period. These inserts are extensively used in automotive applications to enhance the durability, reliability, and safety of threaded connections. In the automotive sector, helical wire inserts are found in engine components, transmission assemblies, and suspension systems, where they prevent thread wear, stripping, and loosening due to constant vibrations and dynamic loads. As the automotive industry continues to advance, with a growing emphasis on fuel efficiency, lightweight materials, and electric vehicles, the need for dependable and long-lasting threaded connections becomes even more critical.
Region with largest share:
North America holds a significant position in the market over the forecast period. The region's robust manufacturing and automotive sectors, along with its significant aerospace and defense industries, drive the demand for these threaded inserts. Helical wire inserts are widely utilized in the United States, Canada, and Mexico to enhance the reliability of threaded connections in critical applications such as aircraft, automobiles, industrial machinery, and infrastructure projects. The region's focus on innovation and technological advancements further fuels the adoption of helical wire inserts to ensure the longevity and performance of threaded components.
Region with highest CAGR:
Asia Pacific is a burgeoning market for Helical Wire Inserts driven by the region's rapid industrialization and expanding manufacturing base. With countries like China, India, Japan, and South Korea at the forefront of automotive, aerospace, and electronics manufacturing, the demand for reliable threaded connections has soared. Helical wire inserts find extensive use in these industries to reinforce threads and prevent wear, thread stripping, and loosening, particularly in applications subject to vibrations and heavy loads.
Key players in the market
Some of the key players in Helical Wire Inserts market include Acme Industrial Company, Arconic, Bollhoff Helicoil, E-Z Lok, Huck International Inc, KATO Fastening Systems, Kippertool, Shenyang Helisert, Stanley Engineered Fastening and Xinxiang Donghai Industry.
Key Developments:
In July 2023, Arconic Corporation announced that its shareholders have voted at a special meeting of Arconic shareholders to approve the Company's pending acquisition by funds managed by affiliates of Apollo including a minority investment from funds managed by affiliates of Irenic Capital Management. Under the terms of the merger agreement, Arconic shareholders will receive $30.00 per share in cash for every share of Arconic common stock they own immediately prior to the effective time of the merger.
In January 2023, Xinxiang Donghai Industry announced torque wrench verification instrument production background, analyzed the torque wrench verification instrument research status at home and abroad, according to the analysis results, combined with the current development of science and technology.
Types Covered:
• Free-Running Inserts
• Screw-Locking Inserts
• Self-Tapping Inserts
• Coarse and Fine Pitch Inserts
• Stainless Steel Inserts
• Other Types
Applications Covered:
• Aerospace
• Automotive
• Manufacturing
• Electronics
• Medical Devices
• Repair and Maintenance
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Helical Wire Inserts Market, By Type
5.1 Introduction
5.2 Free-Running Inserts
5.3 Screw-Locking Inserts
5.4 Self-Tapping Inserts
5.5 Coarse and Fine Pitch Inserts
5.6 Stainless Steel Inserts
5.7 Other Types
6 Global Helical Wire Inserts Market, By Application
6.1 Introduction
6.2 Aerospace
6.3 Automotive
6.4 Manufacturing
6.5 Electronics
6.6 Medical Devices
6.7 Repair and Maintenance
6.8 Other Applications
7 Global Helical Wire Inserts Market, By Geography
7.1 Introduction
7.2 North America
7.2.1 US
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 UK
7.3.3 Italy
7.3.4 France
7.3.5 Spain
7.3.6 Rest of Europe
7.4 Asia Pacific
7.4.1 Japan
7.4.2 China
7.4.3 India
7.4.4 Australia
7.4.5 New Zealand
7.4.6 South Korea
7.4.7 Rest of Asia Pacific
7.5 South America
7.5.1 Argentina
7.5.2 Brazil
7.5.3 Chile
7.5.4 Rest of South America
7.6 Middle East & Africa
7.6.1 Saudi Arabia
7.6.2 UAE
7.6.3 Qatar
7.6.4 South Africa
7.6.5 Rest of Middle East & Africa
8 Key Developments
8.1 Agreements, Partnerships, Collaborations and Joint Ventures
8.2 Acquisitions & Mergers
8.3 New Product Launch
8.4 Expansions
8.5 Other Key Strategies
9 Company Profiling
9.1 Acme Industrial Company
9.2 Arconic
9.3 Bollhoff Helicoil
9.4 E-Z Lok
9.5 Huck International Inc
9.6 KATO Fastening Systems
9.7 Kippertool
9.8 Shenyang Helisert
9.9 Stanley Engineered Fastening
9.10 Xinxiang Donghai Industry
List of Tables
1 Global Helical Wire Inserts Market Outlook, By Region (2021-2030) ($MN)
2 Global Helical Wire Inserts Market Outlook, By Type (2021-2030) ($MN)
3 Global Helical Wire Inserts Market Outlook, By Free-Running Inserts (2021-2030) ($MN)
4 Global Helical Wire Inserts Market Outlook, By Screw-Locking Inserts (2021-2030) ($MN)
5 Global Helical Wire Inserts Market Outlook, By Self-Tapping Inserts (2021-2030) ($MN)
6 Global Helical Wire Inserts Market Outlook, By Coarse and Fine Pitch Inserts (2021-2030) ($MN)
7 Global Helical Wire Inserts Market Outlook, By Stainless Steel Inserts (2021-2030) ($MN)
8 Global Helical Wire Inserts Market Outlook, By Other Types (2021-2030) ($MN)
9 Global Helical Wire Inserts Market Outlook, By Application (2021-2030) ($MN)
10 Global Helical Wire Inserts Market Outlook, By Aerospace (2021-2030) ($MN)
11 Global Helical Wire Inserts Market Outlook, By Automotive (2021-2030) ($MN)
12 Global Helical Wire Inserts Market Outlook, By Manufacturing (2021-2030) ($MN)
13 Global Helical Wire Inserts Market Outlook, By Electronics (2021-2030) ($MN)
14 Global Helical Wire Inserts Market Outlook, By Medical Devices (2021-2030) ($MN)
15 Global Helical Wire Inserts Market Outlook, By Repair and Maintenance (2021-2030) ($MN)
16 Global Helical Wire Inserts Market Outlook, By Other Applications (2021-2030) ($MN)
17 North America Helical Wire Inserts Market Outlook, By Country (2021-2030) ($MN)
18 North America Helical Wire Inserts Market Outlook, By Type (2021-2030) ($MN)
19 North America Helical Wire Inserts Market Outlook, By Free-Running Inserts (2021-2030) ($MN)
20 North America Helical Wire Inserts Market Outlook, By Screw-Locking Inserts (2021-2030) ($MN)
21 North America Helical Wire Inserts Market Outlook, By Self-Tapping Inserts (2021-2030) ($MN)
22 North America Helical Wire Inserts Market Outlook, By Coarse and Fine Pitch Inserts (2021-2030) ($MN)
23 North America Helical Wire Inserts Market Outlook, By Stainless Steel Inserts (2021-2030) ($MN)
24 North America Helical Wire Inserts Market Outlook, By Other Types (2021-2030) ($MN)
25 North America Helical Wire Inserts Market Outlook, By Application (2021-2030) ($MN)
26 North America Helical Wire Inserts Market Outlook, By Aerospace (2021-2030) ($MN)
27 North America Helical Wire Inserts Market Outlook, By Automotive (2021-2030) ($MN)
28 North America Helical Wire Inserts Market Outlook, By Manufacturing (2021-2030) ($MN)
29 North America Helical Wire Inserts Market Outlook, By Electronics (2021-2030) ($MN)
30 North America Helical Wire Inserts Market Outlook, By Medical Devices (2021-2030) ($MN)
31 North America Helical Wire Inserts Market Outlook, By Repair and Maintenance (2021-2030) ($MN)
32 North America Helical Wire Inserts Market Outlook, By Other Applications (2021-2030) ($MN)
33 Europe Helical Wire Inserts Market Outlook, By Country (2021-2030) ($MN)
34 Europe Helical Wire Inserts Market Outlook, By Type (2021-2030) ($MN)
35 Europe Helical Wire Inserts Market Outlook, By Free-Running Inserts (2021-2030) ($MN)
36 Europe Helical Wire Inserts Market Outlook, By Screw-Locking Inserts (2021-2030) ($MN)
37 Europe Helical Wire Inserts Market Outlook, By Self-Tapping Inserts (2021-2030) ($MN)
38 Europe Helical Wire Inserts Market Outlook, By Coarse and Fine Pitch Inserts (2021-2030) ($MN)
39 Europe Helical Wire Inserts Market Outlook, By Stainless Steel Inserts (2021-2030) ($MN)
40 Europe Helical Wire Inserts Market Outlook, By Other Types (2021-2030) ($MN)
41 Europe Helical Wire Inserts Market Outlook, By Application (2021-2030) ($MN)
42 Europe Helical Wire Inserts Market Outlook, By Aerospace (2021-2030) ($MN)
43 Europe Helical Wire Inserts Market Outlook, By Automotive (2021-2030) ($MN)
44 Europe Helical Wire Inserts Market Outlook, By Manufacturing (2021-2030) ($MN)
45 Europe Helical Wire Inserts Market Outlook, By Electronics (2021-2030) ($MN)
46 Europe Helical Wire Inserts Market Outlook, By Medical Devices (2021-2030) ($MN)
47 Europe Helical Wire Inserts Market Outlook, By Repair and Maintenance (2021-2030) ($MN)
48 Europe Helical Wire Inserts Market Outlook, By Other Applications (2021-2030) ($MN)
49 Asia Pacific Helical Wire Inserts Market Outlook, By Country (2021-2030) ($MN)
50 Asia Pacific Helical Wire Inserts Market Outlook, By Type (2021-2030) ($MN)
51 Asia Pacific Helical Wire Inserts Market Outlook, By Free-Running Inserts (2021-2030) ($MN)
52 Asia Pacific Helical Wire Inserts Market Outlook, By Screw-Locking Inserts (2021-2030) ($MN)
53 Asia Pacific Helical Wire Inserts Market Outlook, By Self-Tapping Inserts (2021-2030) ($MN)
54 Asia Pacific Helical Wire Inserts Market Outlook, By Coarse and Fine Pitch Inserts (2021-2030) ($MN)
55 Asia Pacific Helical Wire Inserts Market Outlook, By Stainless Steel Inserts (2021-2030) ($MN)
56 Asia Pacific Helical Wire Inserts Market Outlook, By Other Types (2021-2030) ($MN)
57 Asia Pacific Helical Wire Inserts Market Outlook, By Application (2021-2030) ($MN)
58 Asia Pacific Helical Wire Inserts Market Outlook, By Aerospace (2021-2030) ($MN)
59 Asia Pacific Helical Wire Inserts Market Outlook, By Automotive (2021-2030) ($MN)
60 Asia Pacific Helical Wire Inserts Market Outlook, By Manufacturing (2021-2030) ($MN)
61 Asia Pacific Helical Wire Inserts Market Outlook, By Electronics (2021-2030) ($MN)
62 Asia Pacific Helical Wire Inserts Market Outlook, By Medical Devices (2021-2030) ($MN)
63 Asia Pacific Helical Wire Inserts Market Outlook, By Repair and Maintenance (2021-2030) ($MN)
64 Asia Pacific Helical Wire Inserts Market Outlook, By Other Applications (2021-2030) ($MN)
65 South America Helical Wire Inserts Market Outlook, By Country (2021-2030) ($MN)
66 South America Helical Wire Inserts Market Outlook, By Type (2021-2030) ($MN)
67 South America Helical Wire Inserts Market Outlook, By Free-Running Inserts (2021-2030) ($MN)
68 South America Helical Wire Inserts Market Outlook, By Screw-Locking Inserts (2021-2030) ($MN)
69 South America Helical Wire Inserts Market Outlook, By Self-Tapping Inserts (2021-2030) ($MN)
70 South America Helical Wire Inserts Market Outlook, By Coarse and Fine Pitch Inserts (2021-2030) ($MN)
71 South America Helical Wire Inserts Market Outlook, By Stainless Steel Inserts (2021-2030) ($MN)
72 South America Helical Wire Inserts Market Outlook, By Other Types (2021-2030) ($MN)
73 South America Helical Wire Inserts Market Outlook, By Application (2021-2030) ($MN)
74 South America Helical Wire Inserts Market Outlook, By Aerospace (2021-2030) ($MN)
75 South America Helical Wire Inserts Market Outlook, By Automotive (2021-2030) ($MN)
76 South America Helical Wire Inserts Market Outlook, By Manufacturing (2021-2030) ($MN)
77 South America Helical Wire Inserts Market Outlook, By Electronics (2021-2030) ($MN)
78 South America Helical Wire Inserts Market Outlook, By Medical Devices (2021-2030) ($MN)
79 South America Helical Wire Inserts Market Outlook, By Repair and Maintenance (2021-2030) ($MN)
80 South America Helical Wire Inserts Market Outlook, By Other Applications (2021-2030) ($MN)
81 Middle East & Africa Helical Wire Inserts Market Outlook, By Country (2021-2030) ($MN)
82 Middle East & Africa Helical Wire Inserts Market Outlook, By Type (2021-2030) ($MN)
83 Middle East & Africa Helical Wire Inserts Market Outlook, By Free-Running Inserts (2021-2030) ($MN)
84 Middle East & Africa Helical Wire Inserts Market Outlook, By Screw-Locking Inserts (2021-2030) ($MN)
85 Middle East & Africa Helical Wire Inserts Market Outlook, By Self-Tapping Inserts (2021-2030) ($MN)
86 Middle East & Africa Helical Wire Inserts Market Outlook, By Coarse and Fine Pitch Inserts (2021-2030) ($MN)
87 Middle East & Africa Helical Wire Inserts Market Outlook, By Stainless Steel Inserts (2021-2030) ($MN)
88 Middle East & Africa Helical Wire Inserts Market Outlook, By Other Types (2021-2030) ($MN)
89 Middle East & Africa Helical Wire Inserts Market Outlook, By Application (2021-2030) ($MN)
90 Middle East & Africa Helical Wire Inserts Market Outlook, By Aerospace (2021-2030) ($MN)
91 Middle East & Africa Helical Wire Inserts Market Outlook, By Automotive (2021-2030) ($MN)
92 Middle East & Africa Helical Wire Inserts Market Outlook, By Manufacturing (2021-2030) ($MN)
93 Middle East & Africa Helical Wire Inserts Market Outlook, By Electronics (2021-2030) ($MN)
94 Middle East & Africa Helical Wire Inserts Market Outlook, By Medical Devices (2021-2030) ($MN)
95 Middle East & Africa Helical Wire Inserts Market Outlook, By Repair and Maintenance (2021-2030) ($MN)
96 Middle East & Africa Helical Wire Inserts Market Outlook, By Other Applications (2021-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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