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Retaining Rings Market Growing at 5.30% CAGR Will Hit 3750 Million US$ in 2025

 

Los Angeles, CA -- (SBWIRE) -- 04/11/2019 -- A retaining ring is a fastener that holds components or assemblies onto a shaft or in a housing/bore when installed - typically in a groove - for one time use only. Once installed, the exposed portion acts as a shoulder which retains the specific component or assembly. Circlips are a type of retaining ring.

Carbon steel retaining rings including Internal Retaining Rings, External Retaining Rings. These products are expected to witness significant demand over the upcoming years as they increase the durability of the joined parts.

Carbon steel retaining rings are application in Automotive, Consumer Products, Energy, Industrial and other industry. The most proportion of carbon steel retaining rings is used in automotive, and the market share in 2017 is about 46% and the proportion of Industrial in 2017 is about 25%

Asia Pacific region is the largest consumption place of carbon steel retaining rings, with a consumption market share nearly 48.25% in 2017. Europe is the second largest consumption of carbon steel retaining rings, enjoying consumption market share nearly 25.7% in 2017.

The global Retaining Rings market was 2610 million US$ in 2018 and is expected to 3750 million US$ by the end of 2025, growing at a CAGR of 5.3% between 2019 and 2025.

This report studies the Retaining Rings market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Retaining Rings in these regions, from 2014 to 2025, covering

North America (United States, Canada and Mexico)

Europe (Germany, UK, France, Italy, Russia and Turkey etc.)

Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)

South America (Brazil etc.)

Middle East and Africa (Egypt and GCC Countries)

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The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include

Hugo Benzing

Barnes Group

Rotor Clip

Smalley

W├╝rth

Cirteq Limited

American Ring

Ochiai Co

Beneri

IWATA DENKO

Star Circlips

Garlock

MW Industries

By the product type, the market is primarily split into

External Retaining Rings

Internal Retaining Rings

By the end users/application, this report covers the following segments

Automotive

Consumer Products

Energy

Industrial

ey Regions split in this report:

North America

Asia-Pacific

Europe

Central & South America

Middle East & Africa

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