Global Shrink Disc Market
size was valued US $ XX Mn. in 2019 and is expected to reach US $ XX Mn. by 2027, at a CAGR of around 5.23% during the forecast period.
The report covers an in-depth analysis of COVID 19 pandemic impact on Global Shrink Disc Market by region and on the key players’ revenue affected till July 2020 and expected short term and long-term impact on the market. The shrink disc is an external locking device installed over hub projections. It is mainly used in shaft connections where the torque is to be transmitted over the connection between the two shafts.
The MMR report covers all the trends and technologies playing a major role in the growth of the shrink disc market over the forecast period. Such as, the rising trend of adopting keyless locking devices is expected to bode well for the shrink disc market globally. Manufacturers of shrink disc could focus on installation limitations and eliminating the removal of conventional locking devices while increasing the features of interference fit.
Growing awareness about the benefits of using shrink disc-like simplified manufacture, low susceptibility to contamination, maximum reliability and reduced dimensions for use in restricted spaces is expected to propel the global shrink disc market. The MMR report covers all segments in the shrink disc market such as type and application. By applications, the wind power segment dominated the market, with a market size of US$ XX Mn. in 2019 and to reach US$ XX Mn. by 2027, with a CAGR of XX%. The rapid growth of wind power in major economies like the US, China, India is one of the main driving factors for the shrink disc market. Wind turbine’s shrink disk uses interference fit to transmit axial force and rated torque. Geographically, North America accounted for the largest market share in 2019, with a market value of US$ XX.43 Mn thanks to the increase of the construction and heavy machinery industries. Rapidly growing demand for automation could be another factor supporting the global shrink disc market in the USA.
The electronics and semiconductors industry is also forecast to drive North America to shrink the disc market. However, APAC accounted for the second-largest market share in 2019, with a market value of US$ XX.38 Mn; the regional market is expected to register a CAGR of XX.27% during 2020-2027. CLIMAX and MAV provide the North American OEM and industrial distribution markets a supreme combination of product quality, a wide inventory, application and design acumen, and flexible industrial with attractive lead times.
The MMR report also focuses on global major industry players in the shrink disc market providing information like company profiles, production, cost, and revenue. For example, in 2019, the total revenue of RINGFEDER was US$ XX Mn. RINGFEDER Shrink Discs are flange-shaped, friction-locked shaft-hub-connections and the more powerful and reliable other to conventional shrink wedge, fits, keyway, or polygonal connections.
The objective of the report is to present a comprehensive analysis of the Global Shrink Disc Market to the stakeholders in the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report.
External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Shrink Disc Market dynamics, structure by analyzing the market segments and project the Global Shrink Disc Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Shrink Disc Market make the report investor’s guide.
Scope of the Global Shrink Disc Market
Global Shrink Disc Market, by Type
• Two Part Shrink Disc • Three Part Shrink Disc
Global Shrink Disc Market, By Application
• Wind Power • Heavy Machinery • Mining • Shipbuilding • Food and Beverage • Machine Tool • Others
Global Shrink Disc Market, By Region
• Asia Pacific • North America • Europe • South America • Middle East & Africa
Key players operating in the Global Shrink Disc Market
• Stuwe • RINGFEDER • TAS-Schafer • RINGSPANN • WITTENSTEIN • Rexnord • Norelem • MAV • Climax Metal Products (RBC Bearings) • BIKON-Technik • Compomac • Fenner Drives • StS Coupling • Neugart • Zero-Max • True-Tech Industries • NMTG • Falcon Engineering • Xianyang Chaoyue Clutch • Luoyang Jinglian
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