A Channel spring nuts is a one of the major components of strut system. These are manufactured through the processes which includes press formed, machined and hardened steel. Channel spring nuts provides gripping strength through abrasion resistance even under extreme condition. They are sturdy compared to standard channel nuts for hardware attachment such as bolts or threaded rods to a strut system. These are used in a strut system to hold threaded rod and other hardware to the strut beam.
Major drivers of the market are ease in installation, rapid growth in the industrial sector, and rise in demand for corrosion resistant system and is expected to generate a positive impact on the sales of product. Moreover, increase in demand for spring nuts, which are manually operated and require minimal cost for maintenance has prompted the usage of channel spring nuts. This is expected to propel the market growth during the forecast period. However, the availability of substitutes such as nuts is likely to act as restrain for the growth of the market in the near future. Nevertheless, development of new and innovative products, targeting new industrial sector and wider reach of products through e-commerce are expected to create significant opportunities for the channel spring nuts market during the forecast period.
The global channel spring nuts market can be segmented based on product type, material, bolt size, application, end-users, distribution channel, and region. Based on product type, the market can be bifurcated into long channel spring nuts, short channel spring nuts, and top spring channel nuts. Based on material, the global channel spring nuts market is segmented into steel, zinc plated steel, stainless steel, galvanized steel, and others. Based on bolt size, the global channel spring nuts market is segmented into 1/4-20, 3/8-16, and 1/2-13. Based on application, the global channel spring nuts market is segregated into metal framing & fixings, cable management & support systems, and fasteners and fixings. In terms of end-users, the global channel spring nuts market is segmented into electrical, telecommunication, construction, marine, refining, chemical, pharmaceuticals and others. In terms of distribution channel, the global channel spring nuts market can be categorized into the online channel and offline channel. The online segment can be sub-categorized into company websites and e-commerce sites.
Based on the region, the global channel spring nuts market can be split into North America, Europe, Asia Pacific, Middle East & Africa, and South America. The Channel spring nuts market in North America such is expected to grow owing to the preference of hardness of material that are used to reduce the slip loads of strut system. In Europe, rise in the availability of product as per requirement of end-users to perform different industrial application has promoted the usage of channel spring nuts. In Asia Pacific, robust growth in wide range of industrial sectors is expected to propel the demand for channel spring nuts. Additionally, rapid growth in the metal framing hardware is likely to boost the purchasing of channel spring nuts by the end-users in the region. In Middle East & Africa, increase in penetration of key players across the region is expected to boost the demand for channel spring nuts. In South America, rise in demand for the product that has the ability to act as an aid for securing and gripping components in a strut system are expected to drive the channel spring nuts market during the forecast period.
Major players operating in the global channel spring nuts market include Atkore International, ABB Installation Products Inc., Morris Coupling, Erico Products Inc., Atkore International Group, Snabin International, Binder Group, Pressed Parts Co Ltd, Zhejiang Lianxiang Hardware Technology Co., Ltd, Eaton Corporation plc, and Haydon Corporation.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.