Global Industrial Standoffs and Spacers Market: Introduction
An industrial standoff and spacer is a positioning electronic hardware component or a fastener basically used to create space between two objects and to properly position them. Industrial standoffs and spacers are also employed to mechanically combine two or more objects together or to connect parts of any device during aftermarket servicing and original equipment manufacturing. Industrial standoffs and spacers are applied to support spacing and alignment in a variety of applications such as panels, doors, and circuit board assemblies. Industrial standoffs and spacers are available in a variety of sizes, materials, and shapes. They are available in a variety of shapes such as swage, hexagonal, round, and square. Industrial spacers have no interior threading, whereas industrial standoffs have exterior knurling. These are available in various types of materials including brass, aluminum, steel, plastic, and stainless steel.
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Global Industrial Standoffs and Spacers Market: Competition Landscape
- In August 2018, MW Industries, Inc. acquired Ameriflex, Inc., a U.S.-based manufacturer of electronic component parts for use in aerospace and semiconductor industries
MW Industries, Inc.
Established in 1861, MW Industries, Inc. is headquartered in Rosemont, Illinois, the U.S. The company is a provider and manufacturer of standoffs and spacers, highly engineered springs, machined parts, fasteners, and other precision components. The company serves more than 23,000 customer across 35 countries. The company sells its products through direct sales and distributors to aerospace, medical, agriculture, electronics, construction, and energy industries.
LISI Aerospace (SAS)
Established in 1777, LISI Aerospace (SAS) manufactures and develops structural components and high-tech fasteners for use in airframes and aircraft engines. The company operates through three business segments: LISI medical, LISI automotive, and LISI aerospace. The company also offers industrial spacers.
Peninsula Components Incorporated
Established in 1982, Peninsula Components Incorporated is headquartered in San Carlos, California, the U.S. The company manufactures parts and accessories of equipment. It is engaged in providing various types of products such as ball studs and clips, captive screws, guide pins, inserts for plastic, spacers, standoffs, nuts, screws, self-clinching hardware, thumb screws, and washers. All of the company’s plants are ISO certified. The company currently has 33 CNC precision turning centers, 31 CNC milling centers, and 84 production multi-spindle centers.
Other prominent players operating in the global industrial standoffs and spacers market are Keystone Electronics Corp., Assembly Fasteners, Inc., W.J. Roberts Co., Inc., Accurate Manufactured Products Group, Inc., and Ashwani Metals Pvt. Ltd.
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Global Industrial Standoffs and Spacers Market: Dynamics
Use of industrial standoffs and spacers to remain high for development of modern-day requisites
Growth of the industrial standoffs and spacers market can be attributed to ubiquitous usage of tablets, mobile phones, and similar devices for facilitating the communication. This is primarily because industrial standoffs and spacers are employed to create space between two objects of circuit board assemblies and printed circuit boards (PCBs). Additionally, rise in the adoption of electronic devices in the automobile industry led by the increasing demand for premium vehicles among customers is expected to fuel the market in the near future. Furthermore, increase in the number of electric vehicles is projected to augment the demand for industrial standoffs and spacers in the next few years. Growing adoption of automated devices to reduce the turnaround time of production processes in various industries is projected to positively impact the demand for industrial standoffs and spacers in the near future. As a result, the global industrial standoffs and spacers market is expected to expand at a remarkable pace in the next few years.
Space limitations to hamper the global industrial standoffs and spacers market
Less availability of high-grade materials is projected to hamper the global market for industrial standoffs and spacers during the forecast period. However, clearance space is required between two printed circuit boards (PCBs), which directly affects the size of spacers and standoffs. This, in turn, is expected to hinder the market between 2019 and 2027.
Global Industrial Standoffs and Spacers Market: Segmentation
The global industrial standoffs and spacers market can be segmented based on:
- Product Type
- Material Type
Global Industrial Standoffs and Spacers Market, by Product Type
In terms of product type, the global industrial standoffs and spacers market can be classified into:
- Round Standoffs and Spacers
- Hex Standoffs and Spacers
Global Industrial Standoffs and Spacers Market, by Material Type
Based on material type, the global industrial standoffs and spacers market can be segregated into:
- Alloy Steel
Global Industrial Standoffs and Spacers Market, by Application
In terms of application, the global industrial standoffs and spacers can be divided into:
- Electric Appliances
- Communication Equipment
- Mechanical Equipment
Global Industrial Standoffs and Spacers Market, by Length
Based on length, the global industrial standoffs and spacers can be categorized into:
- Up to 10 mm
- 10 mm to 30 mm
- 30 mm to 50 mm
- More than 50 mm
The report on the global industrial standoffs and spacers market is a compilation of first-hand information, qualitative and quantitative assessment by market analysts, and inputs from market experts and market participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators, and governing factors along with market attractiveness of each segment. The report also maps the qualitative impact of various factors on different segments of the industrial standoffs and spacers market across geographies.
Regional analysis of the global industrial standoffs and spacers market includes:
- North America
- Asia Pacific
- Middle East & Africa (MEA)
- South America
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 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.