Global Retaining Rings market will reach 3750 million US$ by the end of 2025

Publisher: QYResearch

Published Date: 2019/5/24

A retaining ring is a fastener that holds components or assemblies onto a shaft or in a housing/bore when installed - typically in a groove - for one time use only. Once installed, the exposed portion acts as a shoulder which retains the specific component or assembly. Circlips are a type of retaining ring.

Carbon steel retaining rings including Internal Retaining Rings, External Retaining Rings. These products are expected to witness significant demand over the upcoming years as they increase the durability of the joined parts.

Carbon steel retaining rings are application in Automotive, Consumer Products, Energy, Industrial and other industry. The most proportion of carbon steel retaining rings is used in automotive, and the market share in 2017 is about 46% and the proportion of Industrial in 2017 is about 25%

Asia Pacific region is the largest consumption place of carbon steel retaining rings, with a consumption market share nearly 48.25% in 2017. Europe is the second largest consumption of carbon steel retaining rings, enjoying consumption market share nearly 25.7% in 2017.

The global Retaining Rings market was 2610 million US$ in 2018 and is expected to 3750 million US$ by the end of 2025, growing at a CAGR of 5.3% between 2019 and 2025.

Click to view the full report: https://www.qyresearch.com/index/detail/1076336/global-retaining-rings-market

This article was first released by QYResearch, if reproduced, please indicate the source.

Marketing: sales@qyresearchglobal.com

Media Contact: press@qyresearch.com