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
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players 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.