Lock Washer Market Share, Size | Industry Analysis 2023-2028
The latest research study by IMARC Group, “ Lock Washer Market : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” offers a comprehensive analysis of the industry, which comprises insights on global lock washer market price. The global lock washer market size reached US$ 765 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,092 Million by 2028, exhibiting a growth rate (CAGR) of 5.9% during 2023-2028. What is Lock Washer Market? Lock washer refer to thin disk-shaped plates with a hole in the middle that effectively distributes the load on fasteners to hold nuts in place. They are available in split and tooth variants which are built using brass, bronze, zinc, aluminum, stainless steel, copper, etc. These lock washer categories have an outer diameter twice as large as the inner diameter. They work by preventing the bolt from rotating and provide extra security against torque and vibration by locking the bolt firmly in place